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CHIONG AH!!!
Viking Offshore & Marine: Continues with its acquisition plan
Summary: Viking Offshore and Marine (Viking) announced that it will acquire Marshal Systems Pte Ltd (MSPL) for S$17m. This comprises S$12m in cash (to be paid in two tranches, likely Nov 2010 and May 2011) and the allotment of S$5m worth of new shares (likely May 2011). The acquisition will expand Viking’s client base and offer cross-selling opportunities within the group. Viking will also be able to provide a more complete value proposition to its customers, hence increasing its chances of success during the bidding of bigger projects. Meanwhile, the group will also acquire two properties and dispose a property to consolidate its operations. Viking will be using its internal resources, bank borrowings, and proceeds from the disposed property to fund the above. The staggered cash payment schedule should also ease the group’s cash flows. We maintain our BUY rating with fair value estimate of S$0.32 on the stock. (Low Pei Han)
yo Law.. my utd bro..
we made on utd together..let's make on viking as well..
there's 2 Lims u need to follow..
one is Peter LIM..
the other is Andy LIM..
Have been on accumulation mode for some time liao lor......all lego companis are profitable and running indepently.....fixing them up will make it a bigger stronger company ( i salute andy lim again)......with all the cash use to buy all the lego companies.and share issues.....still no debt , no dilution.....infact....EPS increases....nav increase a little.......it just like buying up all the small family own bussiness to form a mega bussiness with all the services under one roof.............ask You a Question......you want to buy items to furnish your new home....your are so busy would go to 10 different place......hehehee....or go to a mega store leh........all under one roof......heheeh.....with the land purchase i officially declare lego company ready to move liao................
gd vol build up today..
let our dreams begin :)
ozone2002 ( Date: 14-Oct-2010 14:10) Posted:
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Viking has make some announcement; Andy Lim to have its share option execrise. May I know what is this abt n what impact will it be on Viking itself.
Viking has purchase 2 other company fully to its new industry addings. With all this transanctions, do you all think the time is not ripe yet, hence no major movement of its share price will be expected any time soon?
Thanks Please advice (understand yr views will be of only personal thinkings)
so think the final block is in liao ....heheheh......still without any debt hor.....using cash of $12 million and issue new shares approx 25 million.....but earning per share actually increase without any dilution....andy lim magic.....he is really good in finding all this loose fits that are making money...and bolt them all togather.....i think with his forsight....this company is going into a rapid growth phase........so do not be suprise to see the price to move in short term to mid.......remember...semcorp....got $384 million oil rig contracts.....and many more to come as oil price moving up leh......all this are a plus for Viking......hehehehe just my view hor....
Well ....I would like to say mission accomplished........high margin company found and acquired........Andy Lim magic...i salute you....hehehehee......efficient and precise.........well done........Now.!...let see the price move in tandem......hehehe
jovilitus ( Date: 27-Sep-2010 13:38) Posted:
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Lego company in action again....suppose this the last piece of the block...once complete by mid nov 10.....apollo 13 will be ready...live mission ...no more simulator training only...........click for launch
all under one roof......hehhee.......click to read
look @ the accumulation @ 20c..
gettin ready for the triumph push up bra..
i like to move it move it..
i gotta feeling..it's gonna move..upwards :)
I also agree with the coming 4th quarter result to push to price up!
Btw, when is the result likely to be known?
I do think viking can excel.
shadowmoon ( Date: 13-Oct-2010 21:53) Posted:
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Hope its 4th qtr results will be as good as the 3rd qtr one. So it can push its share value to a higher height
gd luck to me! and the viking faithfuls.. =)
none will move. do u know how many times utd env moves up n viking still sitting! U are still dreaming.....sad
ozone2002 ( Date: 13-Oct-2010 16:06) Posted:
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when utdenviro chiong.. guess who will follow suit :)
viking looks to be moving..
from 20c last week now 21c..
Singapore offshore and marine services firm Viking Offshore expects revenue in 2010 to exceed $100 million, while it eyes acquistions of at least two more firms to boost growth, senior officials said.
The firm was previously known as Novena Holdings, a furniture maker, and only began its shift to the offshore and marine sector earlier this year when it bought Viking Airtech, which designs and installs the heating, ventilation, air-conditioning and refrigeration systems used in rigs and vessels.
“Every company we acquire, we want to make sure at least they’re number one or two in that industry, that’s our wish list,” Andy Lim, CEO of Viking Offshore told Reuters in an interview. “Hopefully in the near future, if we find the right fit, we will merge with them.”
“We expect revenue this year to cross the $100 million mark,” he added. The firm had revenue of $37.6 million in 2009.
Viking Offshore aims to be a “one-stop” shop for shipyards like Keppel and Sembcorp Marine , by acquiring companies that provide various mechanical and engineering services to them.
It is in talks with at least two firms, which Lim said would add installation of marine communication equipment, instrument controls and fire safety systems to its services if acquired by Viking Offshore.
Let hope the ride up continues.............don't brake.....
Cheers.
Oh another thing i just did .......every 1cts..utd moved.....hehehe....is actually translated to approx 0.1cts per share for the apollo 13......hehehe......or....every share u have in viking approx....1/10 utd baby......heheheh.....i may be wrong hor.....