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2501-2520 of 5364
Price likely to be capped at 1.70 ... The stake sold is transacted 1.67 per share .... The deal is done ....
starlene ( Date: 17-Aug-2012 14:25) Posted:
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Must buy today as Mon aug 20 SGX is closed..today's last day to buy to be entitled to $130 per 1000 share
STXOSV is back to April price of about $1.67 when it was reported that an Italian govt owned firm is buying STX AS Europe stake..subsequently it went to hit a high of $1.81 cum dividend too..will STXOSV at current price $1.67 as at Fri Aug 17 be able to reach another new high...???
Italy Shipbuilder Fincantieri Said to Be STX OSV Bidder
By Cathy Chan, Joyce Koh and Kyunghee Park - Apr 11, 2012 4:40 AM PT Facebook Share LinkedIn Google +1 COMMENTS
Print QUEUE
Fincantieri SpA, the Italian state- controlled shipbuilder, is among final bidders for a stake in STX OSV Holdings Ltd. (SOH), the world’s biggest maker of offshore support vessels, said two people with knowledge of the matter.
An investment fund also made an offer, one person said, declining to identify the bidder. South Korea’s STX Group, which is seeking to sell its 51 percent stake in Singapore-listed STX OSV, may conclude a deal next month, the person said, asking not to be identified because the process is confidential.
STX Group’s stake is worth S$1.02 billion ($809 million) based on yesterday’s closing price, according to data compiled by Bloomberg. Singapore’s takeover guidelines require any buyer of more than 30 percent of a publicly traded company to make an offer for the rest of the stock. STX OSV, based in Alesund, Norway, has a market value of S$2 billion.
The company may draw bids as energy exploration in new offshore fields bolsters demand for vessels used to move and supply rigs. Deep-water explorers are projected to spend a record $232 billion on new equipment in the next five years, according to Canterbury, U.K.-based researcher Douglas-Westwood.
STX OSV is “definitely well positioned in terms of what they do and long-term industry demand trends,” said Vincent Fernando, an analyst at Religare Capital Markets (Singapore) Pte. “Deep water is clearly the future for the oil and gas offshore investment.”
Fincantieri, which builds cruise ships, ferries and luxury yachts, is owned by Fintecna SpA, a company controlled by Italy’s finance ministry. A spokeswoman at Fincantieri declined to comment on the company’s interest in STX OSV.
Och-Ziff Stake
The offshore-vessel builder fell 1.5 percent to S$1.67 in Singapore trading. It’s jumped 44 percent this year. Och-Ziff Capital Management Group owns 20 percent of STX OSV, according to data compiled by Bloomberg.
STX Group, also parent of the world’s fourth-largest shipbuilder, said in October it plans to raise more than 1.3 trillion won ($1.1 billion) early this year by selling overseas assets and bonds to repay maturing debt. In January, the company said it hired JPMorgan Chase & Co. and Standard Chartered Plc to arrange the sale of its STX OSV stake.
STX OSV won orders worth 11.1 billion kroner ($1.9 billion) last year, including 6.03 billion kroner in the fourth quarter. Its order book stood at 16.7 billion kroner at the end of December with deliveries stretching into 2016.
The vessel-builder has yards in Europe, Asia and Brazil. It is building a second facility in the South American nation as Petroleo Brasileiro SA drills new wells off the country’s coastline.
The company was bought by STX Group through the takeover of Aker Yards ASA, completed in February 2009. It sold a stake in an initial public offering in November 2010.
Italy Shipbuilder Fincantieri Said to Be STX OSV Bidder
By Cathy Chan, Joyce Koh and Kyunghee Park - Apr 11, 2012 4:40 AM PT Facebook Share LinkedIn Google +1 COMMENTS
Print QUEUE
Fincantieri SpA, the Italian state- controlled shipbuilder, is among final bidders for a stake in STX OSV Holdings Ltd. (SOH), the world’s biggest maker of offshore support vessels, said two people with knowledge of the matter.
An investment fund also made an offer, one person said, declining to identify the bidder. South Korea’s STX Group, which is seeking to sell its 51 percent stake in Singapore-listed STX OSV, may conclude a deal next month, the person said, asking not to be identified because the process is confidential.
STX Group’s stake is worth S$1.02 billion ($809 million) based on yesterday’s closing price, according to data compiled by Bloomberg. Singapore’s takeover guidelines require any buyer of more than 30 percent of a publicly traded company to make an offer for the rest of the stock. STX OSV, based in Alesund, Norway, has a market value of S$2 billion.
The company may draw bids as energy exploration in new offshore fields bolsters demand for vessels used to move and supply rigs. Deep-water explorers are projected to spend a record $232 billion on new equipment in the next five years, according to Canterbury, U.K.-based researcher Douglas-Westwood.
STX OSV is “definitely well positioned in terms of what they do and long-term industry demand trends,” said Vincent Fernando, an analyst at Religare Capital Markets (Singapore) Pte. “Deep water is clearly the future for the oil and gas offshore investment.”
Fincantieri, which builds cruise ships, ferries and luxury yachts, is owned by Fintecna SpA, a company controlled by Italy’s finance ministry. A spokeswoman at Fincantieri declined to comment on the company’s interest in STX OSV.
Och-Ziff Stake
The offshore-vessel builder fell 1.5 percent to S$1.67 in Singapore trading. It’s jumped 44 percent this year. Och-Ziff Capital Management Group owns 20 percent of STX OSV, according to data compiled by Bloomberg.
STX Group, also parent of the world’s fourth-largest shipbuilder, said in October it plans to raise more than 1.3 trillion won ($1.1 billion) early this year by selling overseas assets and bonds to repay maturing debt. In January, the company said it hired JPMorgan Chase & Co. and Standard Chartered Plc to arrange the sale of its STX OSV stake.
STX OSV won orders worth 11.1 billion kroner ($1.9 billion) last year, including 6.03 billion kroner in the fourth quarter. Its order book stood at 16.7 billion kroner at the end of December with deliveries stretching into 2016.
The vessel-builder has yards in Europe, Asia and Brazil. It is building a second facility in the South American nation as Petroleo Brasileiro SA drills new wells off the country’s coastline.
The company was bought by STX Group through the takeover of Aker Yards ASA, completed in February 2009. It sold a stake in an initial public offering in November 2010.
can still consider STXOSV...$1.665 dividend at $130 ex Aug 21 payable 10Sept < 3 weeks U get a dividend of > 7% (130/1665 x100%) effective overall yield even higher than 7% as U don't need to wait for 1 year to get your dividends,U get it on Sept 10..besides STXOSV is probably sold by STX Europe AS to a govt owned Italian shipping co..last sale was $1.33 and to OZ fund managers who continued at $1.50-1.55.The latter will probably be the new floor price.for your consideration 
- Related Stocks -
Completed Transaction
Displaying 1-19 of 19
| No. | Order | Submitted | Transacted | Quantity | Price | Share Value | P& L | |
|---|---|---|---|---|---|---|---|---|
| 1 | FRAGRANCE GROUP LIMITED | |||||||
| Buy | 12/06/12 09:38am | 12/06/12 09:49am | 92,000 | 0.475 | SGD43,700.000 | - | ||
| Sell | 25/06/12 02:12pm | 25/06/12 02:22pm | 92,000 | 0.485 | SGD44,620.000 | SGD920.000 | ||
| Transaction summary | 92,000 | 0.485 | SGD44,620.000 | SGD920.000 | ||||
| 2 | FRAGRANCE GROUP LIMITED | |||||||
| Buy | 08/06/12 02:46pm | 08/06/12 05:08pm | 7,000 | 0.455 | SGD3,185.000 | - | ||
| Sell | 25/06/12 02:12pm | 25/06/12 02:22pm | 7,000 | 0.485 | SGD3,395.000 | SGD210.000 | ||
| Transaction summary | 7,000 | 0.485 | SGD3,395.000 | SGD210.000 | ||||
| 3 | FRAGRANCE GROUP LIMITED | |||||||
| Buy | 15/05/12 01:55pm | 15/05/12 02:44pm | 7,000 | 0.455 | SGD3,185.000 | - | ||
| Sell | 01/06/12 03:19pm | 01/06/12 03:39pm | 7,000 | 0.460 | SGD3,220.000 | SGD35.000 | ||
| Transaction summary | 7,000 | 0.460 | SGD3,220.000 | SGD35.000 | ||||
| 4 | JES INTERNATIONAL HOLDINGS LTD | |||||||
| Buy | 21/03/12 11:38am | 21/03/12 11:42am | 20,000 | 0.235 | SGD4,700.000 | - | ||
| Sell | 08/06/12 02:21pm | 08/06/12 04:42pm | 20,000 | 0.154 | SGD3,080.000 | SGD-1,620.000 | ||
| Transaction summary | 20,000 | 0.154 | SGD3,080.000 | SGD-1,620.000 | ||||
| 5 | JES INTERNATIONAL HOLDINGS LTD | |||||||
| Buy | 21/03/12 11:38am | 21/03/12 11:42am | 30,000 | 0.235 | SGD7,050.000 | - | ||
| Sell | 08/06/12 02:21pm | 08/06/12 04:42pm | 30,000 | 0.154 | SGD4,620.000 | SGD-2,430.000 | ||
| Transaction summary | 30,000 | 0.154 | SGD4,620.000 | SGD-2,430.000 | ||||
| 6 | JES INTERNATIONAL HOLDINGS LTD | |||||||
| Buy | 20/03/12 01:55pm | 20/03/12 02:30pm | 70,000 | 0.245 | SGD17,150.000 | - | ||
| Sell | 08/06/12 02:21pm | 08/06/12 04:42pm | 70,000 | 0.154 | SGD10,780.000 | SGD-6,370.000 | ||
| Transaction summary | 70,000 | 0.154 | SGD10,780.000 | SGD-6,370.000 | ||||
| 7 | BUKIT SEMBAWANG ESTATES LTD | |||||||
| - | ||||||||
| Transaction summary | 4.960 | |||||||
| 8 | JES INTERNATIONAL HOLDINGS LTD | |||||||
| Buy | 19/03/12 12:32pm | 19/03/12 12:51pm | 300,000 | 0.225 | SGD67,500.000 | - | ||
| Sell | 20/03/12 09:47am | 20/03/12 09:47am | 300,000 | 0.240 | SGD72,000.000 | SGD4,500.000 | ||
| Transaction summary | 300,000 | 0.240 | SGD72,000.000 | SGD4,500.000 | ||||
| 9 | BUKIT SEMBAWANG ESTATES LTD | |||||||
| Buy | 19/03/12 10:12am | 19/03/12 10:13am | 2,000 | 4.890 | SGD9,780.000 | - | ||
| Sell | 21/03/12 11:11am | 21/03/12 11:11am | 2,000 | 4.960 | SGD9,920.000 | SGD140.000 | ||
| Transaction summary | 2,000 | 4.960 | SGD9,920.000 | SGD140.000 | ||||
| 10 | JES INTERNATIONAL HOLDINGS LTD | |||||||
| Buy | 16/03/12 09:08am | 16/03/12 09:09am | 100,000 | 0.199 | SGD19,900.000 | - | ||
| Sell | 20/03/12 09:46am | 20/03/12 09:47am | 100,000 | 0.240 | SGD24,000.000 | SGD4,100.000 | ||
| Transaction summary | 100,000 | 0.240 | SGD24,000.000 | SGD4,100.000 | ||||
| 11 | STX OSV HOLDINGS LIMITED | |||||||
| Buy | 12/03/12 02:54pm | 12/03/12 04:25pm | 57,000 | 1.670 | SGD95,190.000 | - | ||
| Sell | 15/03/12 03:40pm | 15/03/12 03:53pm | 57,000 | 1.725 | SGD98,325.000 | SGD3,135.000 | ||
| Transaction summary | 57,000 | 1.725 | SGD98,325.000 | SGD3,135.000 | ||||
| 12 | STX OSV HOLDINGS LIMITED | |||||||
| Buy | 12/03/12 10:30am | 12/03/12 10:38am | 50,000 | 1.675 | SGD83,750.000 | - | ||
| Sell | 15/03/12 03:40pm | 15/03/12 03:53pm | 50,000 | 1.725 | SGD86,250.000 | SGD2,500.000 | ||
| Transaction summary | 50,000 | 1.725 | SGD86,250.000 | SGD2,500.000 | ||||
| 13 | STX OSV HOLDINGS LIMITED | |||||||
| Buy | 23/02/12 02:32pm | 23/02/12 03:56pm | 13,000 | 1.650 | SGD21,450.000 | - | ||
| Sell | 09/03/12 01:38pm | 09/03/12 01:48pm | 13,000 | 1.720 | SGD22,360.000 | SGD910.000 | ||
| Transaction summary | 13,000 | 1.720 | SGD22,360.000 | SGD910.000 | ||||
| 14 | STX OSV HOLDINGS LIMITED | |||||||
| Buy | 22/02/12 09:20am | 22/02/12 04:40pm | 90,000 | 1.685 | SGD151,650.000 | - | ||
| Sell | 09/03/12 01:37pm | 09/03/12 01:48pm | 90,000 | 1.720 | SGD154,800.000 | SGD3,150.000 | ||
| Transaction summary | 90,000 | 1.720 | SGD154,800.000 | SGD3,150.000 | ||||
| 15 | TIGER AIRWAYS HOLDINGS LIMITED | |||||||
| Buy | 02/08/11 12:17pm | 02/08/11 03:36pm | 40,000 0 |
0.980 0.000 |
SGD39,200.000 SGD0.000 |
- | ||
| Sell | 08/06/12 02:16pm | 08/06/12 02:29pm | 40,000 | 0.640 | SGD25,600.000 | SGD-13,600.000 | ||
| Transaction summary | 40,000 | 0.640 | SGD25,600.000 | SGD-13,600.000 | ||||
| 16 | STX OSV HOLDINGS LIMITED | |||||||
| Buy | 27/07/11 10:04am | 27/07/11 10:07am | 2,000 0 |
1.565 0.000 |
SGD3,130.000 SGD0.000 |
- | ||
| Sell | 20/02/12 09:15am | 20/02/12 10:30am | 2,000 | 1.710 | SGD3,420.000 | SGD290.000 | ||
| Transaction summary | 2,000 | 1.710 | SGD3,420.000 | SGD290.000 | ||||
| 17 | STX OSV HOLDINGS LIMITED | |||||||
| Buy | 26/07/11 01:36pm | 26/07/11 02:27pm | 38,000 0 |
1.560 0.000 |
SGD59,280.000 SGD0.000 |
- | ||
| Sell | 20/02/12 09:15am | 20/02/12 10:30am | 38,000 | 1.710 | SGD64,980.000 | SGD5,700.000 | ||
| Transaction summary | 38,000 | 1.710 | SGD64,980.000 | SGD5,700.000 | ||||
| 18 | STX OSV HOLDINGS LIMITED | |||||||
| Buy | 26/07/11 10:23am | 26/07/11 10:34am | 50,000 0 |
1.565 0.000 |
SGD78,250.000 SGD0.000 |
- | ||
| Sell | 17/02/12 11:27am | 17/02/12 12:38pm | 30,000 | 1.715 | SGD51,450.000 | SGD4,500.000 | ||
| Sell | 20/02/12 09:15am | 20/02/12 10:30am | 20,000 | 1.710 | SGD34,200.000 | SGD2,900.000 | ||
| Transaction summary | 50,000 | 1.713 | SGD85,650.000 | SGD7,400.000 | ||||
| 19 | TIGER AIRWAYS HOLDINGS LIMITED | |||||||
| Buy | 26/07/11 10:21am | 26/07/11 10:24am | 50,000 0 |
1.185 0.000 |
SGD59,250.000 SGD0.000 |
- | ||
| Sell | 01/08/11 03:03pm | 01/08/11 03:12pm | 50,000 | 1.215 | SGD60,750.000 | SGD1,500.000 | ||
| Transaction summary | 50,000 | 1.215 | SGD60,750.000 | SGD1,500.000 | ||||
heavenknow ( Date: 17-Aug-2012 11:21) Posted:
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Not to mention we got 13 cents dividend to support the price...we really have a gem in our holdings
MtFaber ( Date: 17-Aug-2012 11:11) Posted:
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Technically speaking, looks like STX OSV is breaking out of the channel at 1.66 provided supported by high volume!
Hope our mighty kepcorp or sembmarine will buy this gem.
heavenknow ( Date: 17-Aug-2012 10:14) Posted:
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http://mobile.reuters.com/article/idUSL4E8JG3TY20120817?irpc=932
There u go...
There u go...
heaven, do u have the link? thks
heavenknow ( Date: 17-Aug-2012 10:14) Posted:
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hope they dont smoke again.
whenever they smoke someone will profit alot from the mkt.
so ppl dont mind smoking as long as it dont violate any rules.
just be watching of bad ppl but hopeful for a real deal....cheers.
SEOUL, Aug 17 (Reuters) - South Korea's STX Corp has chosen Italian government-owned ship builder Fincantieri SpA as the preferred bidder for its controlling stake in Singapore-listed STX OSV Holdings, a spokesman for STX said on Friday.
STX has put up for sale its 50.75 percent stake, valued at about $800 million, in STX OSV, a builder of vessels used in offshore oil and gas exploration, and hired J.P. Morgan and Standard Chartered to find a buyer. (Reporting by Hyunjoo Jin Editing by John Mair)
Time to throw all the charts out of the window. Change of ownership soon, will we see someone else coming in to overbid?
STX has put up for sale its 50.75 percent stake, valued at about $800 million, in STX OSV, a builder of vessels used in offshore oil and gas exploration, and hired J.P. Morgan and Standard Chartered to find a buyer. (Reporting by Hyunjoo Jin Editing by John Mair)
Time to throw all the charts out of the window. Change of ownership soon, will we see someone else coming in to overbid?
Come on baby .... Take profit ....
As extracted from ATXOSV website http://stxosv.listedcompany.com/news.html/id/313660
| Notice Type | Notice of Book Closure Date for Dividend | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Corporate Action Details (e.g. Rights ratio, dividend ratio, tax rate, etc) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Record Date | 23/08/2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Record Time | 17:00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date Paid/Payable (if applicable) | 10/09/2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Footnotes | The Directors have recommended the payment of a one-tier tax-exempt Special Interim Dividend of 13.0 Singapore cents per ordinary share, payable on 10 September 2012 to shareholders whose names appear at 5:00 p.m. on the Register of Members on 23 August 2012. Notice is hereby given that the Share Transfer Books and Register of Members of the Company will be closed on 23 August 2012, for the purpose of determining shareholders' entitlement to dividend. Duly completed registrable transfers received by the Company's Share Registrar, Boardroom Corporate & Advisory Services Pte Ltd, 50 Raffles Place, #32-01 Singapore Land Tower, Singapore 048623 up to 5.00 p.m. on 23 August 2012, will be registered to determine shareholders' entitlements to the said dividend. Members whose Securities Accounts with The Central Depository (Pte) Limited are credited with shares at 5.00 p.m. on 23 August 2012 will be entitled to the proposed dividend. By Order of the Board Elizabeth Krishnan Company Secretary 14 August 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
anione...haha
broadfeet ( Date: 01-Aug-2012 09:41) Posted:
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Expect more order coming.
A hiden gem with strong fundamental.
From The Edge, 14/8/2012:
Shares of offshore vessel builder STX OSV Holdings jumped as much as 4.5% to their highest level in nearly three months, after it announced higher-than-expected dividends in the second quarter.
STX OSV posted a one percent rise in its second-quarter net profit to 278 million Norwegian crowns from a year ago, boosted by higher operating revenue.
The shipbuilder declared an special interim dividend of 13 cents, compared to 5 cents for the year ago period.
“The dividend was a surprise and higher-than-expected. That’s boosting its share price today. Margins, though down, were also better than expected and holding up,” said Jason Saw, an analyst at DMG & Partners.
STX said its second-quarter earnings before interest taxes depreciation and amortisation (EBITDA) margin was 13.8%, versus 16.4% a year ago.
It also expects to benefit from a strong subsea market, with increased offshore installation activity continuing to drive demand.
Yeah, I do agreed need take some profit first and let the rest run...target this will hit 1.64 or 1.645 before closing at 1.63...
risktaker ( Date: 14-Aug-2012 10:05) Posted:
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