Vard   

STXOSV

closed up today..

 

Don't think the BB want it to go up ,they want it to float between 1.51-1.70

 

yeah knew it is a good stock. should be shooting up soon?

starlene      ( Date: 06-Sep-2012 10:59) Posted: Warrants Highlight STX OSV - Gold, for the price of silver Macquarie Equities Research (MER) has most recently initiated coverage on STX OSV, a Norwegian builder of Offshore Support Vessels (OSV). MER rates the stock Outperform with a 12-month target price of $2.16, offering a 41% upside potential (based on the 30 Aug closing price of $1.53). Code Name Type Expiry Exercise Price Q5PW STXOSV MB eCW130201 Call 01-Feb-13 1.65 Below are some excerpts of the MER report published on 31 August 2012. Market leader in the high growth high-spec OSV segment The OSV market is increasingly bifurcated towards high-spec OSV, a segment in which STX OSV is the global market leader. Buyers of high-spec OSVs are mostly Norwegian, and these OSVs are mainly deployed in Northwest Europe and Brazil. With 10 yards in four countries which are the hotbed of OSV activity and long-lasting relationships with all top Norwegian contractors, STX OSV is in a sweet spot. Robust industry dynamics OSV demand to intensify While global OSV demand has rebounded from global financial crisis lows (252 OSVs ordered in 2011 and 145 in 1H12 vs 110 in 2009), Ultra deepwater oil exploration has led to an increase in complexity and vessel intensity, which is why MER thinks that the OSV building cycle has legs despite short-term concerns on oversupply. Only 44% of the current 2,973 OSV fleet is high-spec, while the delivery schedule of high- spec Anchor Handling Tug Supply Vessels (AHTS) in particular is very weak (only 79 to be delivered from 2013-15). 150 new and more complex oil rigs are to be supplied to the market over the next three years, which, MER thinks, will require more OSVs and hence the current ratio of 2,973 OSV / 769 oil rigs will expand further. Beneficiary of market bifurcation and increasing intensity Driven by more demand for high-spec OSVs, MER expects STX OSV’s order inflows to improve to NOK12.5bn in 2012 vs NOK11bn in 2011 and further improve to NOK14bn in 2013. Excluding the exceptional returns in 2011 (due to high margin orders from 2008), sustainable margins have improved from 5% in 2009 to 12-14% now. MER expects a steady 5% earnings Compound Annual Growth Rate (CAGR) from 2010-14E. High-return cash rich business model STX OSV has an exceptionally strong balance sheet (-0.4x net debt / equity) and a robust Free Cash Flow (FCF) generation (13% FCF yield) and high return (ROE ~25% and ROIC ~35%) business model, much superior to listed OSV peers in Singapore and even better than the large-cap rig builders. Shareholders have also benefitted via high dividend yields of 9-10% each in 2011 and 2012, which could be moderated to a 4-5% yield to preserve cash for funding future growth, in MER’s view. Valuations ignoring premium positioning plus high returns MER thinks that STX OSV deserves to trade more in line with the rig builders, given that the listed OSV players in Singapore target the low-end, low-return segment of the market and have much inferior balance sheet and return profiles. STX OSV is currently trading at an approximate 50% discount to Singapore yards and approximately 15% discount on price-earnings ratio compared with listed OSV peers despite much superior market share, balance sheet and return profile. ** For a full list of Macquarie warrants over STX OSV, you may wish to do a search at http://www.warrants.com.sg/en/warrants/search_e.cgi jazzoff      ( Date: 05-Sep-2012 23:22) Posted:     http://stxosv.listedcompany.com/newsroom/20120905_212849_MS7_B65A2540736646FE48257A7000219BD0.1.pdf STX OSV-BUILT PLATFORM SUPPLY VESSEL FAR SOLITAIRE AWARDED SHIP OF THE YEAR 2012 Singapore, 5 September, 2012 – STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels, is pleased to announce that the platform supply vessel Far Solitaire, built by STX OSV Langsten in Norway for owners Farstad Supply, was elected Ship of the Year 2012. The annual Ship of the Year award recognizes outstanding vessels delivered from a Norwegian yard, and is instituted by major Norwegian shipping magazine Skipsrevyen. Far Solitaire, of Rolls-Royce’s UT 754WP design, is a chemical tanker compliant supply vessel according to IBC code 2, which was the main reason for the jury to elect this vessel as Ship of the Year 2012. The technologically advanced vessel has been developed by Farstad Shipping in close co-operation with Rolls-Royce Marine and is the first PSV of this type ever built. Delivery will take place from STX OSV Langsten in October.  STX OSV first announced the contract for this newbuild on 18 November 2010 as part of an agreement to build four vessels for Farstad Shipping. The Group currently has eleven vessels under construction for this long-standing client. This year’s award marks the seventh time since 2000 that a vessel built by STX OSV has been awarded the title Ship of the Year. In 2009, the Multifunctional Plough/Tug/Supply/Subsea Service Vessel Far Samson, also delivered from STX OSV Langsten to Farstad Shipping, won the coveted prize.

 

Warrants Highlight

STX OSV - Gold, for the price of silver Macquarie Equities Research (MER) has most recently initiated coverage on STX OSV, a Norwegian builder of Offshore Support Vessels (OSV). MER rates the stock Outperform with a 12-month target price of $2.16, offering a 41% upside potential (based on the 30 Aug closing price of $1.53). Code Name Type Expiry Exercise Price Q5PW STXOSV MB eCW130201 Call 01-Feb-13 1.65 Below are some excerpts of the MER report published on 31 August 2012. Market leader in the high growth high-spec OSV segment The OSV market is increasingly bifurcated towards high-spec OSV, a segment in which STX OSV is the global market leader. Buyers of high-spec OSVs are mostly Norwegian, and these OSVs are mainly deployed in Northwest Europe and Brazil. With 10 yards in four countries which are the hotbed of OSV activity and long-lasting relationships with all top Norwegian contractors, STX OSV is in a sweet spot. Robust industry dynamics OSV demand to intensify While global OSV demand has rebounded from global financial crisis lows (252 OSVs ordered in 2011 and 145 in 1H12 vs 110 in 2009), Ultra deepwater oil exploration has led to an increase in complexity and vessel intensity, which is why MER thinks that the OSV building cycle has legs despite short-term concerns on oversupply. Only 44% of the current 2,973 OSV fleet is high-spec, while the delivery schedule of high- spec Anchor Handling Tug Supply Vessels (AHTS) in particular is very weak (only 79 to be delivered from 2013-15). 150 new and more complex oil rigs are to be supplied to the market over the next three years, which, MER thinks, will require more OSVs and hence the current ratio of 2,973 OSV / 769 oil rigs will expand further. Beneficiary of market bifurcation and increasing intensity Driven by more demand for high-spec OSVs, MER expects STX OSV’s order inflows to improve to NOK12.5bn in 2012 vs NOK11bn in 2011 and further improve to NOK14bn in 2013. Excluding the exceptional returns in 2011 (due to high margin orders from 2008), sustainable margins have improved from 5% in 2009 to 12-14% now. MER expects a steady 5% earnings Compound Annual Growth Rate (CAGR) from 2010-14E. High-return cash rich business model STX OSV has an exceptionally strong balance sheet (-0.4x net debt / equity) and a robust Free Cash Flow (FCF) generation (13% FCF yield) and high return (ROE ~25% and ROIC ~35%) business model, much superior to listed OSV peers in Singapore and even better than the large-cap rig builders. Shareholders have also benefitted via high dividend yields of 9-10% each in 2011 and 2012, which could be moderated to a 4-5% yield to preserve cash for funding future growth, in MER’s view. Valuations ignoring premium positioning plus high returns MER thinks that STX OSV deserves to trade more in line with the rig builders, given that the listed OSV players in Singapore target the low-end, low-return segment of the market and have much inferior balance sheet and return profiles. STX OSV is currently trading at an approximate 50% discount to Singapore yards and approximately 15% discount on price-earnings ratio compared with listed OSV peers despite much superior market share, balance sheet and return profile. ** For a full list of Macquarie warrants over STX OSV, you may wish to do a search at http://www.warrants.com.sg/en/warrants/search_e.cgi

jazzoff      ( Date: 05-Sep-2012 23:22) Posted:     http://stxosv.listedcompany.com/newsroom/20120905_212849_MS7_B65A2540736646FE48257A7000219BD0.1.pdf STX OSV-BUILT PLATFORM SUPPLY VESSEL FAR SOLITAIRE AWARDED SHIP OF THE YEAR 2012 Singapore, 5 September, 2012 – STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels, is pleased to announce that the platform supply vessel Far Solitaire, built by STX OSV Langsten in Norway for owners Farstad Supply, was elected Ship of the Year 2012. The annual Ship of the Year award recognizes outstanding vessels delivered from a Norwegian yard, and is instituted by major Norwegian shipping magazine Skipsrevyen. Far Solitaire, of Rolls-Royce’s UT 754WP design, is a chemical tanker compliant supply vessel according to IBC code 2, which was the main reason for the jury to elect this vessel as Ship of the Year 2012. The technologically advanced vessel has been developed by Farstad Shipping in close co-operation with Rolls-Royce Marine and is the first PSV of this type ever built. Delivery will take place from STX OSV Langsten in October.  STX OSV first announced the contract for this newbuild on 18 November 2010 as part of an agreement to build four vessels for Farstad Shipping. The Group currently has eleven vessels under construction for this long-standing client. This year’s award marks the seventh time since 2000 that a vessel built by STX OSV has been awarded the title Ship of the Year. In 2009, the Multifunctional Plough/Tug/Supply/Subsea Service Vessel Far Samson, also delivered from STX OSV Langsten to Farstad Shipping, won the coveted prize.

 

 

  http://stxosv.listedcompany.com/newsroom/20120905_212849_MS7_B65A2540736646FE48257A7000219BD0.1.pdf

STX OSV-BUILT PLATFORM SUPPLY VESSEL FAR SOLITAIRE

AWARDED SHIP OF THE YEAR 2012

Singapore, 5 September, 2012 – STX OSV Holdings Limited (“STX OSV”), one of

the major global designers and shipbuilders of offshore and specialized vessels, is

pleased to announce that the platform supply vessel Far Solitaire, built by

STX OSV Langsten in Norway for owners Farstad Supply, was elected Ship of the

Year 2012. The annual Ship of the Year award recognizes outstanding vessels

delivered from a Norwegian yard, and is instituted by major Norwegian shipping

magazine Skipsrevyen.

Far Solitaire, of Rolls-Royce’s UT 754WP design, is a chemical tanker compliant

supply vessel according to IBC code 2, which was the main reason for the jury to

elect this vessel as Ship of the Year 2012. The technologically advanced vessel

has been developed by Farstad Shipping in close co-operation with Rolls-Royce

Marine and is the first PSV of this type ever built. Delivery will take place from

STX OSV Langsten in October. 

STX OSV first announced the contract for this newbuild on 18 November 2010 as

part of an agreement to build four vessels for Farstad Shipping. The Group

currently has eleven vessels under construction for this long-standing client.

This year’s award marks the seventh time since 2000 that a vessel built by

STX OSV has been awarded the title Ship of the Year. In 2009, the Multifunctional

Plough/Tug/Supply/Subsea Service Vessel Far Samson, also delivered from

STX OSV Langsten to Farstad Shipping, won the coveted prize. 

 

acquisition had been in talks for a while le.

i think the seller doesnt has much bargaining chips on the table tat y the buyer can keep dragging till the debts keep building up.

since the mkt fluctuate quite a fair bit no it becomes difficult to judge how much will be the offered price, so be careful. 

 

Another m&a or privilization? This stock is inside CIMB privilization list

 

thou i agree with you but may have news coming out soon hence insider buying which overide the TA.

 

don't chase

 

Perhaps, if any good news good for those who are into this counter.

All the best guys.

Cheers.

wong18      ( Date: 03-Sep-2012 16:08) Posted: perhaps some good news on the way?

 

Those vested , better take profit. 1.59 is the resistance. 

 

perhaps some good news on the way?

 

agree with francisid...can be like a trap..ppl see the price shoot up then go and chase

  then once the BBs got their TP they unload onto the retail investors just like us

  just look at genting chart over last 2-3 weeks

Me took profit liao, sit out, wait, observe then come back for this ship.This ship is one helluva baby. Really good stock.

 

power up again...

 

francisd      ( Date: 03-Sep-2012 13:53) Posted: I think some syndicates are moving up this counter for their vested gains at a certain price and the poor retail investors will be caught when their target is achieved.  Pls. take caution.

 

I think some syndicates are moving up this counter for their vested gains at a certain price and the poor retail investors

will be caught when their target is achieved.  Pls. take caution.

 

suddenly shot up to 1.555, met with heavy selling queue at 1.56.   volume 3 times last closing, bull mood.

 

Normally 1.505 is well supported by invisible traders. So many times today 100++ lots at 1.505 buying was cleared only to have another 100++ reappeared at 1.505 buying again. I think that STX can only start to move up after those who contra to get the dividend close all their position. 

 

luckily 4 me sold yesterday

never like thursday jobless claim thingy 

broadfeet      ( Date: 01-Aug-2012 09:41) Posted: anione into stx immediate resistance 1.615 chart swee swee...cheer tglim74      ( Date: 19-Jul-2012 11:59) Posted: Despite good news, this price  doesn't  move a lot. Strange.

 

stxosv down to 1.505. whenever i buy sure drop hazi

 

Dear risktaker,

Where is the USD 800m valuation from? i might have missed some news.  That 1.67 result is a simple way of calculating a business decision...Hope business is that simple, and this stake selling doesnt drag for so long.....

Why stxosv not delisted is a funny thing??????

If we go back to fundamental...for sure 1.50 not a bottom...anything can explode in Europe, US, or China....and affect the markets.

When u sell at 1.64-67...Is it the same as 1.51-54 ex dividends....? If you trying to time the stock, for sure you will only buy back when it moves lower...Logical!!..OR maybe you can help us (sotongs) by buying at higher prices later????

Good Luck... 

risktaker      ( Date: 24-Aug-2012 07:10) Posted: I donno why u guys after so many days still blur like sotong ..... The recent price is $1.67 because u take the valuation of usd 800million / 50.5% stake ..... It give u 1.67 and the next funny thing is stxosv will not be delisted ...... Although there's a small chance but unlikely ..... How can stxosv be bottom ? All BB including me we sold 1.64-1.67 and we didn't buy back ..... starlene      ( Date: 23-Aug-2012 23:41) Posted: Thks Eddyte  for pointing out..STXOSV shd bottom at this level $1.50-1.52 and if > contracts will move up again..one of my favourite counters...make many rounds...even at 80cts ,$1.07,1.20.1.28.1.35...sold mant times and buy back also equally many rounds when it dropped esp during N-S Korea tension when its just traded after ipo in Oct 2010 and Japan Earthquake..now holding mainly for the long haul and has received all the dividends since its debut...   Hei U guys interested in Auric Pacific ..since F& nN and APB..being sold out..this counter also started to move..in its hey days $3-4..pay good dividends..matter of time it will cross $1.20..can consider...     The company recently appointed Miss Saw Phaik Hwa as the CEO, effective from 1 May 2012. As the ex-CEO of SMRT, she presided over the numerous mishaps that have befallen the public transit company, a series of highlypublic breakdowns that caused much inconvenience to commuters and eventually resulted in her departure. What did Auric see in Miss Saw? Despite the unfortunate circumstances surrounding her departure, which were rather lamentable, it is undeniable that she has deep experience in running retail and marketing businesses. Before she joined SMRT in 2002, she had held various senior positions in dutyfree retail chain operator DFS for 19 years. Also, while she was at SMRT, she was credited for increasing SMRT’s rental and advertising income from almost zero to nearly half of group EBIT by end-2011. Good fit for Auric, on paper. Auric’s main business is in the distribution of fast-moving consumable goods, such as fine wines. Through its key subsidiaries Sunshine Bakery, Delifrance and Food Junction, it is also involved in the manufacturing of baked food products and the operation of food retail outlets. Based on her experience in DFS and SMRT, Miss Saw is a good fit for Auric, at least on paper. What she could do for Auric. Auric’s topline has been stagnant in the last three years except for manufacturing and food court operations. It would appear that the wholesale & distribution and food retail businesses need a “wake-me-up”. While profits have grown in 2010 and 2011, most of the growth has come from investment and other income. In addition, we think overheads are on the high side, especially selling & marketing costs (17% of sales). Jury is still out. Valuations are not demanding for a food company at 9x historical PER and 0.6x NTA (Dairy Farm, for instance, trades at 29x PER). It is also supported by a 4.8% dividend yield