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Consensus recommendation
As of May 03, 2013, the consensus forecast amongst 12 polled investment analysts covering Vard Holdings Ltd advises that the company will outperform the market. This has been the consensus forecast since the sentiment of investment analysts deteriorated on Jun 06, 2011. The previous consensus forecast advised investors to purchase equity in Vard Holdings Ltd.
Sell at strength.Second wave of selling will start when the result is a miss.
OVERDRILL: The Next Generation of Drillship from Fincantieri
Fincantieri, one of the largest shipbuilding groups in the world, is showing its strong commitment in the offshore market, not only through its new subsidiary VARD, but also by providing the market with the next generation of drillship: the “OVERDRILL design” which will put the drilling contractors in condition to drill to an overall max depth of 50.000ft.
The OVERDRILL design, which has been developed by Fincantieri in cooperation with Aker Solutions, incorporates perfectly Fincantieri Offshore’s mission to offer vessels born and designed around the drilling system, maximizing its integration with the hull. Aker Solutions has supported the development of the new Fincantieri Offshore’s design based on its experience as a supplier of high quality drilling equipment and services.
Compared to other ships of this category, the ones of OVERDRILL design will also feature an increased variable deck load capacity despite reduced overall dimensions. This represent an opportunity for the drilling contractors to evolve their current fleet with a new class of vessels, featuring a higher level of performance and efficiency at the same time, which can be further adapted to their specific requirements and operational attitudes.
The number of offshore wells currently account for about 15% of the global total. Although offshore drilling activities have been successfully going on for several decades, the current phase, with its move into ultra-deep waters, might be the start of a new era.
Commenting on the new design Mr. Giuseppe Coronella, EVP of Fincantieri Offshore, said: “The offshore drilling market is driven, on the one hand, by demand for traditional standard systems and, on the other, by ultra-deepwater exploration demanding innovative solutions. With support from Aker Solutions, Fincantieri has produced a rig design that provides solutions to both these needs”.
Mr. Thor Arne Håverstad, Head of drilling technologies at Aker Solutions, said: “Fincantieri Offshore’s expertise in vessel design combined with Aker Solutions’ knowledge of drilling technologies created a very powerful partnership, which made it possible to create the OVERDRILL design.”
The drilling package is designed to meet new requirement related to water depth and drilling length with upgraded capacities, such as increased well pressure (20k) and hook load (1500st).
OVERDRILL design will be presented during the Houston OTC of May 6-10, 2013.
good results + many new contracts won + strong oil price + increased demand for chartering services (north sea) = Vard price chiong and chiong?
srichipan ( Date: 03-May-2013 21:54) Posted:
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yah. still got one more week to monitor. this quarter results should be good
...yes... you're correct...
Scheduled date for release of Financial Results for the
First Quarter ended 31 March 2013
Vard Holdings Limited will be announcing its financial results for the first quarter ended 31 March 2013 on Tuesday, 14 May 2013, after market closes.
The financial statements, presentation and news release will be available for viewing at www.sgx.com as well as the company’s website www.vard.com.
By Order of the Board of
Vard Holdings Limited
Roy Reite
Executive Director and Chief Executive Officer
3 May 2013
kenkenken ( Date: 03-May-2013 19:43) Posted:
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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.
14 may if u believe me
srichipan ( Date: 03-May-2013 13:41) Posted:
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Playing Vard if you can call that is like riding a biplane... if you keep looking down and worry about how far you are from the ground, you will not enjoy your journey.
Since you are already onboard, just enjoy the view and focus on your destination. Air bump and turbulence is part of the journey...
gelu2279 ( Date: 03-May-2013 18:13) Posted:
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VARD really not easy to play... by right this counter should be > 1.20 given the order book and revenue growth
One more new order..around nok 400millions..hope can reach nok 12b order this year..this week..the edge got some articles on vard....
6 may or 14 may
Result out on 14 may
WanSiTong ( Date: 03-May-2013 10:03) Posted:
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2013-05-03 02:58:00
Our preference: the downside prevails as long as 1.12 is resistance.
Our pivot point is at 1.12.
Our preference: the downside prevails as long as 1.12 is resistance.
Alternative scenario: the upside breakout of 1.12 would call for 1.17 and 1.2.
Comment: the RSI is below 30. It could either mean that the stock is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its
Our preference: the downside prevails as long as 1.12 is resistance.
Our pivot point is at 1.12.
Our preference: the downside prevails as long as 1.12 is resistance.
Alternative scenario: the upside breakout of 1.12 would call for 1.17 and 1.2.
Comment: the RSI is below 30. It could either mean that the stock is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its
TKS
guoyanyunyan ( Date: 03-May-2013 10:06) Posted:
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... from ....
WanSiTong ( Date: 03-May-2013 10:03) Posted:
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Last yr announced on 14 May.
guoyanyunyan : Where did you get the info that this yr 1 Q results will be released on 6th May ?
srichipan ( Date: 03-May-2013 09:40) Posted:
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...no idea... usually announce during non-trading hour....
srichipan ( Date: 03-May-2013 09:40) Posted:
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Going south again. Good luck. 
any idea is it before or trading hours on 6 may?
guoyanyunyan ( Date: 03-May-2013 08:51) Posted:
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