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i think to be safe dont buy first as seems BBs stop play, last 1 week they play up ASL and others
Or maybe BBs knows some inside we dont, so play price down to buy up?
Wow, SS abandoned ship. That's not very positive. Either valuation excessive or the agreed price STX Europe sold the 51% is very much lower!
Food for thought.
francisd ( Date: 20-Sep-2012 07:19) Posted:
Saw in the SGX annou. one of the SS selling down. No wonder it is going down inspite of the market being up.
Cheers. |
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snoozing
WSCCCCCC ( Date: 20-Sep-2012 17:31) Posted:
Probably you are right, but i trade from what the chart told me, volume keep decreasing with price mild dropping and i look for mid term trade... STO bullish crossover from oversold area...
yabbest ( Date: 20-Sep-2012 17:21) Posted:
friend i think can wait afew more days see how 1st. Just monitor now, but i will buy at 1.55 no doubt as gd company. I think when the SS sell they intend price to go much further lower and buy up again, i may be wrong, just thoughts.
do u intend to hold long or you a punter?
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 x 0 | Hey Guys, today market bearishness cant affect this counter, strong rally is coming, sit back and ride the up up up trend... |
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Probably you are right, but i trade from what the chart told me, volume keep decreasing with price mild dropping and i look for mid term trade... STO bullish crossover from oversold area...
yabbest ( Date: 20-Sep-2012 17:21) Posted:
friend i think can wait afew more days see how 1st. Just monitor now, but i will buy at 1.55 no doubt as gd company. I think when the SS sell they intend price to go much further lower and buy up again, i may be wrong, just thoughts.
do u intend to hold long or you a punter?
| | x 0
x 0 | Hey Guys, today market bearishness cant affect this counter, strong rally is coming, sit back and ride the up up up trend... |
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friend i think can wait afew more days see how 1st. Just monitor now, but i will buy at 1.55 no doubt as gd company. I think when the SS sell they intend price to go much further lower and buy up again, i may be wrong, just thoughts.
do u intend to hold long or you a punter?
| |
x 0
x 0 | Hey Guys, today market bearishness cant affect this counter, strong rally is coming, sit back and ride the up up up trend... |
Hey Guys, today market bearishness cant affect this counter, strong rally is coming, sit back and ride the up up up trend...
Come on, is time to CHIONG!!!
http://info.sgx.com/webcorannc.nsf/AnnouncementLast3MonthsByCompanyNameAndCategory/B0717623EF397B3848257A7D00238026?opendocument
check above link. i think can start buy if it touch 1.55 lvl, as recent floor at 1.50/1.51 lvl
anyway gd stock
Is SS means Substantial Shareholder, francisd?
yeeen123 ( Date: 20-Sep-2012 07:39) Posted:
What is SS?
francisd ( Date: 20-Sep-2012 07:19) Posted:
Saw in the SGX annou. one of the SS selling down. No wonder it is going down inspite of the market being up.
Cheers. |
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What is SS?
francisd ( Date: 20-Sep-2012 07:19) Posted:
Saw in the SGX annou. one of the SS selling down. No wonder it is going down inspite of the market being up.
Cheers. |
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Saw in the SGX annou. one of the SS selling down. No wonder it is going down inspite of the market being up.
Cheers.
Forming a nice bullish flag. Will monitor. Good luck.
yabbest ( Date: 19-Sep-2012 18:08) Posted:
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today most counters up, but dont forget monitor this...the time to pick up will soon be here |
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today most counters up, but dont forget monitor this...the time to pick up will soon be here
STX Flying high soon??? Target price 1.8 or more?
KepcorpSembmar ( Date: 14-Sep-2012 19:43) Posted:
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any STX experts know the immediate support lvl for this?
Takeover soon ?
Today's selldown is still ok, allow us to pick somemore.
Some good news for fellow holders.
sland Offshore declares options at STX OSV
Vessel & ROV News - September 13, 2012
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Island Offshore has declared an option with STX OSV Brevik to build two medium size UT 717 CD PSVs.
The vessels will be numbers three and four in the series and will be delivered in November 2013 and February 2014.
The hulls will be delivered from STX OSV Braila in Romania and completed at STX OSV Brevik. Total contract value is approximately NKr 500 million.
The vessels will be identical with the first two vessels ordered with the exception that they will have firefighting class FiFi-II instead of FiFi-I.
The overall length of each vessel is 84.3m with a beam of 17m. Their deadweight is approximately 3,800 tonnnes.
Island Offshore said the vessels are being built with the international market in mind.
http://www.oilpubs.com/oso/article.asp?v1=12449
Translated link from Italian to English
(Try google Translate)
http://shippingonline.ilsecoloxix.it/p/armatori_e_cantieri/2012/09/11/APRgRzPD-fincantieri_trattativa_chiusura.shtml
September 11, 2012
THE NEGOTIATION
STX OSV, Fincantieri
closing in twenty days
Rome - According to Korean sources familiar with the matter, the operation Fincantieri-Stx would become the final curve, ready to be closed later this month. The acquisition of the Norwegian company, now controlled by the Korean STX Shipbuilding, is a fundamental step to give oxygen to the Italian shipbuilding group, struggling with a sharp decline in the cruise market, which for 20 years has provided a solid core business ( next to military orders) capable of supporting a structure of eight plants more than 9,000 employees.
The group of State would have finished the due diligence phase of Stx-OSV, and the transaction is expected to close in late September, time to work out the details of the contract.
The same sources also define the market price of the transaction, " about 900 billion won," ie EUR 623 million or $ 800 million, a figure in line with the assumptions filtered in recent months.
Fincantieri enter into STX Offshore to 50.7%. The company is listed on the Singapore Stock Exchange, and on the basis of the rules of this square, the Italian shipyards will have to exercise compulsory takeover bid on the remaining free float. The experts interviewed agree that in recent months the whole plan could close around EUR 1.2 billion or $ 1.5 billion.
Perhaps it should be remembered, because it is not a complete success, but the operation Fincantieri-Stx is definitely the biggest investment of the State from the time of purchase of the American DRS Technologies by Finmeccanica Pier Francesco Guarguaglini ( October 2008), although it is still dramatically lower figures. The operation Drs cost $ 5.2 billion and rained on Piazza Montegrappa 1.2 billion debt to embrace.
The purchase of STX-OSV (nine sites in four countries, 9,200 employees, turnover 1.7 billion, 14% EBITDA margin) has its price, but the operation supported by 'CEO Giuseppe Bono (photo) is the its reasons in the fact that today OSV is one of the most important subjects in the one field of shipbuilding today and really pulls in which a European company has prospects of survival, namely the construction of oil rigs and ships for their support . Data shown recently by the World remember that one third of global demand in the shipbuilding (95 billion euro to 32 million tons of new construction) is represented by dall'offshore.
As for Fincantieri, the group is no stranger to acquisitions abroad: just remember when he bought in 2009 by the American Society yards Manitowoc Marinette Marine, Bay Shipbuilding and Cleveland Shiprepair for a total package of $ 120 million, structures that are now working on order of the U.S. Navy. In partnership with Drs Canada, Fincantieri also last year had been the onslaught of Davie shipyard, near Quebec City, to take part in the Canadian National Procurement Stratregy, a mega-state program of fleet renewal military $ 30 billion. The operation went well, and all in all it was not a bad thing, as the Davie shipyards were on the verge of bankruptcy and especially since they have not taken even a crumb of the magnificent Canadian Strategy.
The operation is coordinated by Stx Deposits and Loans under the Export Bank-funded by Banca Imi, Unicredit, Carige, BNP Paribas and guaranteed by SACE.
ALBERTO Quarati
Fincantieri Completes Due Dillegence on STX OSV Stake
Sep 7th, 2012 @ 05:46 pm › Ross Geesman
http://www.privateequitykorea.com/ma-news/fincantieri-completes-due-dillegence-on-stx-osv-stake/
Italian state-run shipyard Fincantieri SpA has completed due diligence for acquisition ofSTX Europe subsidiary STX OSV. It is expected that completion of the share purchase agreement will not extend past the end of this month.
According to sources cited in this Money Today article, Fincantieri undertook due diligence investigations on 9 STX OSV shipyards located in Norway, Romania, Vietnam and Brazil. The two companies are preparing to sign an agreement on the deal and are currently in the final stages of negotiations. The sale is expected to go for roughly 900 billion won and the contract is expected to be completed by then end of this month at the latest.
STX Europe owns a 50.75 percent stake in STX OSV, which is listed on the Singapore stock market and has a market cap of $1.53 billion. STX Europe acquired STX OSV in 2007 but decided to sell its stake due to disappointing results.
Comform........ a lots so called GURU miss the bot liao...........
