Post Reply
21-40 of 5364
Excellent co with niche ship building capacity.
Recent acquisition makes VARD position for growth, haha ...
Kim Eng Research 30th April 2013:
Room for upside surprise in contract wins. However, we believe that the strength of recovery from returning orders this year could surprise positively. VARD views market expectations for new contract wins (NOK10-11b) as overly pessimistic. It is confident to bring in close to NOK12b in new orders for FY13F, but contributions from new contracts would mostly be seen in its financials from FY14F onwards. We believe that there is room for upside to order-win estimates and would keep an eye on its contract win momentum this year.
A more supportive owner. According to VARD, Fincantieri looks to be a better fit for VARD given cultural similarities and their greater enthusiasm to grow the company as compared to the previous owner. Meanwhile VARD’s management is intact and dividend policy is kept at a minimum of 30% payout (we assumed 40% in our model).....
_________________________________
Wonder if this is related to this counter.
South Korea's troubled shipbuilding and shipping conglomerate STX Group is considering selling its European assets including its shipyards in France and Finland, a spokesman said Saturday. The group has seen its major affiliates reel under mounting debt as it was hit by a global downturn in the shipbuilding and shipping sectors. " We are now in the process of rearranging the corporate structure to focus on domestic shipbuilding. In this context, we are considering the sale of overseas assets and raise fresh liquidity," the company spokesman said.
These assets include shipyards in the European Union and China, he said. " Some potential buyers have already shown interest" in buying stakes in the European shipyard, he said, adding it was not yet decided whether the group would sell all or part of its stakes in such overseas affiliates. " The picture will become clear in the second half of this year," he said. Under the wing of its holding company, STX Corp., the group is composed of 11 subsidiaries including its flagship STX Offshore & Shipbuilding Co. Ltd., STX Pan Ocean, STX Heavy Industries and STX Engine.
STX Group has been seeking to sell units and affiliates to try to secure cash as more than a trillion won ($911 million) in corporate debt matures this year, according to its main lender Korea Development Bank. Its European assets include shipbuilders STX Finland and STX France, which is two-thirds owned by STX Europe, a subsidiary of STX Shipbuilding. The other third of STX France is owned by the French state. - AFP/xq
jamesng ( Date: 04-May-2013 10:54) Posted:
|
Yes, I will keep. No rush to sell for no reason. Can wait for 1Q results also.
salami ( Date: 04-May-2013 11:56) Posted:
|
don't be so naive to think we can move the market pls. different ppl have diff investing and trading style. you want to bear my losses if market heading south next week?
Mardi.tan ( Date: 03-May-2013 21:49) Posted:
|
US is doing well, but not europe...is it a cause of concern?
Vard's brazil yard is not doing well? Think i read it somewhere, can anyone help to provide me with info?
All reader of this thread. Pls keep your VArd shares and don rush to sell them.,outstanding shares in market is not much, as long we don sell. Sure it will go up above $1.2 in a very short time. Good luck to all of us.
VARD SECURES CONTRACT FOR ONE ADVANCED OFFSHORE SUPPORT
VESSEL
Singapore, 3 May 2013 – Vard Holdings Limited (“VARD”), one
of the major global designers
and shipbuilders of offshore and specialized vessels, is
pleased to announce that it has entered into a new contract with Island
Offshore for the construction of one advanced offshore support vessel of
Rolls-Royce design. The value of the contract amounts to approximately NOK 400
million.
Delivery is scheduled from Vard Brevik in Norway in Q3-2014. The hull of the vessel will be delivered from Vard Braila in Romania.
The Island Offshore Group is a leading provider of services
to the offshore industry managing a fleet of 23 high quality vessels with an
average age of less than four years, currently operating in Brazil, Mexico, USA
and in the North Sea. VARD has delivered close to 30 vessels to Island Offshore
in the past, in addition to seven vessels currently under construction.
Hmm...it is very interesting to note that the EVP would answer emails from the public.
He is indeed a very friendly and nice guy.
Wahahaha!
I sent an email to the new EVP guy on mon and received it this morning.
Here's a brief extract from the email by him. Seem like the company is doing slightly better since the 1st quarter result in Feb was announced.
We also discuss about the falling price and he infd that the management is equally surprised as there was no averse news and market environment did not changed much.
Lastly, he also assured that the Italian parent company valued Vard much higher in their recent acquisition.
Food for thought ?
Lifeisgreat ( Date: 02-May-2013 12:25) Posted:
|
good for you. i prefer to stay away until things are clearer... 
salami ( Date: 02-May-2013 11:34) Posted:
|
Did you buy? I recoup 70% of my loss. Hope everybody huat!
Lifeisgreat ( Date: 02-May-2013 08:41) Posted:
|
Vard: Secured a contract with Buksér og Berging for the construction of one Azimuth Stern Drive (ASD) offshore tug vessel. The vessel is scheduled for delivery in Q1-2015 from Vard Braila in Romania. The design of the vessel has been developed by Buksér og Berging, and will have a length of 42.5 meters with a beam of 15 meters and a bollard pull of approximately 115 tons. No contract price has been stated on the announcement based on historical cost (Apr 2006), a similar tug vessel with a length of 48m would cost approximately $7.5m. Buksér og Berging is a market leader in providing specialized towage vessels for the marine, oil and gas industries. The Norwegian based company aims to have a modern fleet ranging from AHTS to harbour tugs in order to provide marine services within ports and terminals, ocean towage, offshore work and complex marine operations.
congrats to those holding
i sold but will buy back at lower price when time is right...
@BummerHuat, well said! You have a great day!
BummerHuat ( Date: 02-May-2013 00:12) Posted:
|
Key to any investment is to understand what you are investing. For those who buy on fundamentals and then subsequently sold during this period of share price decline, did you sell because fundamentals have changed or just purely because the price declined?
If you choose to buy on fundamentals then you should learn to ignore noise in the market. Conflicting strategies is a recipe for disaster. I see some people offering reasons why price is declining..some of which are not new information and some of which are not relevant to Vard's business.
Being disciplined and able to detach yourself from the price gyrations when fundamentals are sound is different from having blind faith in a counter. For me, I am staying vested. Know what you are investing in..
That was yesterday's news. This is today:
Making a million
Anchor-handler rates have hit NOK 1m ($175,000) per day as the supply of prompt vessels ran out entirely in the North Sea.
Siem Opal
A plethora of rig moves this week led to Marathon paying the eye-catching number for the 297–bp Siem Opal (built 2011) for the Transocean Winner job.
This equals the year’s highest rate, achieved in January.
Brokers said rates would go higher with any activity, but the next free ships would only return to Norwegian ports over the weekend, and at the end of this week in the UK.
UK rates caught up a little on Wednesday, with Maersk paying £70,000 ($109,000) for a vessel to carry out 10 days of heading control work.
AHTS rates surge
A burst of chartering activity in the North Sea on Tuesday has pushed daily anchor-handler rates to their highest levels since January.
Havila: NOK 700,000 per day
MLS was the main player in the fixing frenzy, booking eight ships to move the Bredford Dolphin rig and for other duties.
A tight market saw anchor-handlers fixed at NOK 600,000 and then NOK 700,000 ($120,000) per day for two ships owned by Havila and Solstad, brokers said.
Senergy, Marathon and Premier Oil also took vessels out of the market.
A total of 19 offshore vessels were booked on Tuesday, with no AHTS units left either in Norway or the UK.
Most analysts are asking for a buy.....but share price still weak for so long....wonder the reasons....
I was thinking it might go below $1 soon....
I like it. How about you.
www.vard.com/PublishingImages/VARD_70_MEDIUM.mov