Vard   

STXOSV

I just checked the price. wth man. any idea what's happening?

 

oh my gosh! what is happening to this stock.. why the bad sentiment.

 

Down Trend intact - time to short

 

Arhhhhhhhh........ chui liao. 

 

one thing for sure is..

the italians are laughing y the market didnt wanna sell at 1.22 earlier but now ppl are rushing to sell at 1.215...

what a funny market.. which make many ppl rich and many ppl poor

 

Lots.of.angry minor shareholders will question the mgt in agm...and maybe we will see some price actions after meeting...join the meeting and enjoy

shareflux      ( Date: 17-Apr-2013 00:32) Posted: The price action is telling us something... Good or bad depend how you look at it. the price had gapped down on opening at 1.20 but on low volume. Volume indicates strength and the lack of it shows that the selling is weak. However, the gap away from its psychological 1.22 is worrisome but i won’t be losing too much sleep over it cos of the low volume. It could be due to weak players leaving the stock and DJ loss of 200 pt yesterday. On the macro level, beside Ezra, shipyards have been holding well despite the turmoil of today trading market. I won’t say the worse is over but then, the resilient of the segment and the low volume of transaction probably tell us that most bad news had been factored into the price. Unless a war breakout in Korea or financial collapse in one of the bric countries, any dip in price is a buying opportunity for positional or long term players. Well, the AGM on 23 April is only a week away. just be patient and hold your cards for one week more. If you don’t like what you hear from the new management, it is still not too late to throw. Not that i am advising it. If Italy GLC and we retailers can buy VARD at such discount, what make you think SMM and other cash rich chinese shipyards or sovereign fund won’t join in and let us retailers/Ficantieri have all the fun and good deal? Read the listing of major shareholders in the annual report and you will see a lot of trading houses already camping in this stock. Are we missing something here or the price weakness is a divergence with the action of these trading houses? I am sure you can draw your own conclusion from this.

 

The price action is telling us something...

Good or bad depend how you look at it. the price had gapped down on opening at 1.20 but on low volume. Volume indicates strength and the lack of it shows that the selling is weak. However, the gap away from its psychological 1.22 is worrisome but i won’t be losing too much sleep over it cos of the low volume. It could be due to weak players leaving the stock and DJ loss of 200 pt yesterday.

On the macro level, beside Ezra, shipyards have been holding well despite the turmoil of today trading market. I won’t say the worse is over but then, the resilient of the segment and the low volume of transaction probably tell us that most bad news had been factored into the price. Unless a war breakout in Korea or financial collapse in one of the bric countries, any dip in price is a buying opportunity for positional or long term players.

Well, the AGM on 23 April is only a week away. just be patient and hold your cards for one week more. If you don’t like what you hear from the new management, it is still not too late to throw. Not that i am advising it. If Italy GLC and we retailers can buy VARD at such discount, what make you think SMM and other cash rich chinese shipyards or sovereign fund won’t join in and let us retailers/Ficantieri have all the fun and good deal?

Read the listing of major shareholders in the annual report and you will see a lot of trading houses already camping in this stock. Are we missing something here or the price weakness is a divergence with the action of these trading houses? I am sure you can draw your own conclusion from this.

 

...trend... over...

Aberdeen123      ( Date: 16-Apr-2013 14:23) Posted: ....down. ongahhuat888      ( Date: 16-Apr-2013 11:59) Posted: .....on the way....

 

....down.

ongahhuat888      ( Date: 16-Apr-2013 11:59) Posted: .....on the way....

 

.....on the way....

 

...today market ... sort of showing us the 底 牌 ...

 

game on.....

 

Oil price drop like mad n big brother China n US buay steady lor

0468667      ( Date: 16-Apr-2013 09:36) Posted: What happen to this counter? Is Vard not doing well because of the Europe market? Any expert advise?

 

What happen to this counter? Is Vard not doing well because of the Europe market? Any expert advise?

 

this one also breaks below its psychological level...maybe closing can come back to 1.22.

 

in sin lunch @suntec

 

I published on STX OSV Holdings Limited (SXDEF:US SOH:SP, check out our full story  http://www.asean-investor.com/vard-the-scene-is-set-for-a-possible-rerating/ 

Stock price is due for a positive re-rating as all negatives are priced in: Minority shareholders rejected the lowball SGD1.22 offer from Fincantieri. The Italian shipbuilder’s 598,851,000 share purchase on 23 January 2013 represented a 50.75% stake in the company and under Singapore law, Fincantieri was required to make a mandatory general offer for the remaining shares of VARD.

 

Battle strategy.

deedee90      ( Date: 13-Apr-2013 09:00) Posted: Haha, what's this for? I might be in! ongahhuat888      ( Date: 13-Apr-2013 08:43) Posted: Just got back. Miss the discussion! Kakis Tonight

 

The window is closing for investors to get onboard VARD at this knock down price. Price is depressed cos of the general offer and lack of communication from the new owners. Price has shown life lately and moving away from support at 1.22. The news about deep water drilling, new arctic route, underestimate of the OSV market rwcovery is nothing news. But what is new is the lack of support för a world class company like VARD. Interested investors will throng the AGM on 23 April to hear out the new owner. If Mr market like what it hear, a re rating of 30% to $1.80 at a PE of 9 is not in foreseeable for this stöck. Will that happen or not, the ball is clearly in Ficantieri court now.

guoyanyunyan      ( Date: 13-Apr-2013 10:39) Posted: Go for small caps in offshore play: OSK DMG By Goola Warden   The outlook for small players in the Oil and Gas services sector remains bright, say analysts Lee Yue Jer and Jason Saw of OSK DMG after attending the OSV Conference in Singapore during the week. In an Apr 11 research note, the analysts say that strong growth in global energy demand will set a positive macro backdrop. " Global energy demand is expected to grow 30% by 2040, driven by a population increase of 25%," write Lee and Saw. Meanwhile, electricity generation will be a priority, with Exxon-Mobil estimating a 60% increase in demand for natural gas. Also, global oil is expected to continue on its trend path of 0.7% annual growth, while gas is growing more than twice as fast at a 1.6% CAGR over the next 30 years. In turn, OSK DMG expects Exploration & Production (E& P) spending to increase 8% in 2013, 10% in 2014. This is because oil price is at the “upper bound of oil majors’ comfort zones” and history has demonstrated that this leads to increases in exploration & production budgets, the analysts say. " The 8% increase this year can be broken down into 4% real growth and 4% inflation, which we see supporting contractors’ margins," says OSK DMG. With this is mind, demand for OSVs is expected to remain strong on rig orders. OSVs are typically ordered 12-18 months after rigs, and the strong rig orders of the recent two years is sending the OSV market into an upswing. Industry players still see strong demand for additional rigs, and the OSV fleet was described as being “at replacement requirement” and “bullish on new orders”, the report notes. The analysts prefer the small caps because of valuation.

 

Go for small caps in offshore play: OSK DMG
By Goola Warden

 

The outlook for small players in the Oil and Gas services sector remains bright, say analysts Lee Yue Jer and Jason Saw of OSK DMG after attending the OSV Conference in Singapore during the week.

In an Apr 11 research note, the analysts say that strong growth in global energy demand will set a positive macro backdrop. " Global energy demand is expected to grow 30% by 2040, driven by a population increase of 25%," write Lee and Saw. Meanwhile, electricity generation will be a priority, with Exxon-Mobil estimating a 60% increase in demand for natural gas. Also, global oil is expected to continue on its trend path of 0.7% annual growth, while gas is growing more than twice as fast at a 1.6% CAGR over the next 30 years.

In turn, OSK DMG expects Exploration & Production (E& P) spending to increase 8% in 2013, 10% in 2014. This is because oil price is at the “upper bound of oil majors’ comfort zones” and history has demonstrated that this leads to increases in exploration & production budgets, the analysts say. " The 8% increase this year can be broken down into 4% real growth and 4% inflation, which we see supporting contractors’ margins," says OSK DMG.

With this is mind, demand for OSVs is expected to remain strong on rig orders. OSVs are typically ordered 12-18 months after rigs, and the strong rig orders of the recent two years is sending the OSV market into an upswing. Industry players still see strong demand for additional rigs, and the OSV fleet was described as being “at replacement requirement” and “bullish on new orders”, the report notes. The analysts prefer the small caps because of valuation.