Vard   

STXOSV

My friend has 200 lots contra due on wed. Now regretted not taking profit on friday.

 

very interested to look forward how stx osv price will move on tomorrow.

 

This may be the reason their transacted price is at S$1.33. Anyway, the current S$1.42 is already at an overbought level which seems to be pumped up by insiders to dump to retailers.

New123      ( Date: 09-Jul-2011 13:23) Posted: Average prices for this sector is about 8.5 times PE. Is getting a little bit expensive at $1.42 - 9.2 times. Prices will come down to a resonable level of $1.25 - $1.30.

 

Average prices for this sector is about 8.5 times PE. Is getting a little bit expensive at $1.42 - 9.2 times. Prices will come down to a resonable level of $1.25 - $1.30.

 

BB always had the advantage of getting at lower price.....and STX Europe is trying to rasie some money.here, I think

 

It is good to post today activites on day trading and some past historical prices commented. thk Qs

http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=9164& msgbdName=Others& topicTitle=STX-OSV_new (STX osv - ipo)

starlene      ( Date: 08-Jul-2011 23:02) Posted: When stxosv was trading at about $1.25 there was a report that its major shareholder may sell and its shares drifted downwards to low $1.14.Co came out to announce and comfirm and at the AGM the CEO claimed beyond their control even though this comfirmation will add downward pressure to its market share price. Today close at $1.42...and this fair value of $1.33 is likley to add pressure to the price...as more supply flood the market...Dow plunge > 100 points due to unemployment shot to 9.2% may add to further selling pressure.The price may drift even lower or around $1.33...no wonder today the push to new high $1.445..will be interesting to watch on Mon..today's high vol those who play contra on this counter will definitely sell....

 

Thats why fundamental has to work hand in hand with charts. It will cover as many grey areas as possible.

warrenbegger      ( Date: 08-Jul-2011 23:27) Posted: Learn to think like a fund manager and U will know what they r think :) But not many can do that :) starlene      ( Date: 08-Jul-2011 23:12) Posted: ysh02 wrote: Hi All BB always do that first come out report say stock very good,lure small investors come in to buy,give some meat for first batch early birds to eat, lure than other follow new birds in, push up lure again than finally said place to institutional investors at discount some 20 % and saw price crash down... the game start all over again..... BB eat meat we eat bonel lah ! ..well said... STX OSV HOLDINGS LIMITED (THE " COMPANY" ) (Company Registration Number: 201012504K) (incorporated with limited liability in the Republic of Singapore on 11 June 2010) PLACEMENT OF SHARES BY STX EUROPE HOLDING AS The Company has been informed that its substantial shareholder, STX Europe Holding AS (“STX Europe”), has agreed to sell part of their equity interests in the Company to investment funds affiliated with OZ Management LP (“Och-Ziff”). The placement of 215,590,000 ordinary shares by STX Europe will be at a price of S$1.33 per share. This amounts to approximately 18.27% of the total issued share capital of the Company. In relation, Goldman Sachs (Singapore) Pte. (“Goldman Sachs”) has consented to this sale of shares pursuant to the lock-up agreement dated November 4, 2010 between STX Europe and Goldman Sachs, as representative of the purchasers. As part of the placement, STX Europe also entered into a separate lock-up agreement with OZ Management LP on July 8 pursuant to which STX Europe agreed to not dispose of any additional shares in the Company until 12 November2012 with certain limited exceptions. STX Europe underscored that the placement was made with the objective of improving the trading liquidity of the Company. As a result of placement, Och-Ziff’s shareholding in the Company will increase to 20.0%. STX Europe remains committed to the Company as a substantial shareholder, owning 50.75% of the Company post the placement. By Order of the Board Ho Nam Yi Director Date: 8 July 2011 215mil was placed out at $1.33 and after Nov 12 2012 may sell again...temporery no more such sale....but after Nov 12 2012 no guarantee that major shareholder will not sell again

 

hpong5 wrote:

No wonder the shares price so kelong recently. Going against the technicals. Once again proven too good to be true. Another case of pump and dump by those insiders.

teeth53 thot: At least not for today. Actually alot of analyst houses said go up please, go up  please, but  so far did not hit even their minimum TP prices that  that like to see. (Not within their control).

Those bot will have to wait awhile for prices to move again...Happy trading...Ya. 

hpong5      ( Date: 08-Jul-2011 23:23) Posted: No wonder the shares price so kelong recently. Going against the technicals. Once again proven too good to be true. Another case of pump and dump by those insiders.

 

Learn to think like a fund manager and U will know what they r think :)

But not many can do that :)

starlene      ( Date: 08-Jul-2011 23:12) Posted: ysh02 wrote: Hi All BB always do that first come out report say stock very good,lure small investors come in to buy,give some meat for first batch early birds to eat, lure than other follow new birds in, push up lure again than finally said place to institutional investors at discount some 20 % and saw price crash down... the game start all over again..... BB eat meat we eat bonel lah ! ..well said... STX OSV HOLDINGS LIMITED (THE " COMPANY" ) (Company Registration Number: 201012504K) (incorporated with limited liability in the Republic of Singapore on 11 June 2010) PLACEMENT OF SHARES BY STX EUROPE HOLDING AS The Company has been informed that its substantial shareholder, STX Europe Holding AS (“STX Europe”), has agreed to sell part of their equity interests in the Company to investment funds affiliated with OZ Management LP (“Och-Ziff”). The placement of 215,590,000 ordinary shares by STX Europe will be at a price of S$1.33 per share. This amounts to approximately 18.27% of the total issued share capital of the Company. In relation, Goldman Sachs (Singapore) Pte. (“Goldman Sachs”) has consented to this sale of shares pursuant to the lock-up agreement dated November 4, 2010 between STX Europe and Goldman Sachs, as representative of the purchasers. As part of the placement, STX Europe also entered into a separate lock-up agreement with OZ Management LP on July 8 pursuant to which STX Europe agreed to not dispose of any additional shares in the Company until 12 November2012 with certain limited exceptions. STX Europe underscored that the placement was made with the objective of improving the trading liquidity of the Company. As a result of placement, Och-Ziff’s shareholding in the Company will increase to 20.0%. STX Europe remains committed to the Company as a substantial shareholder, owning 50.75% of the Company post the placement. By Order of the Board Ho Nam Yi Director Date: 8 July 2011 215mil was placed out at $1.33 and after Nov 12 2012 may sell again...temporery no more such sale....but after Nov 12 2012 no guarantee that major shareholder will not sell again

 

No wonder the shares price so kelong recently. Going against the technicals. Once again proven too good to be true. Another case of pump and dump by those insiders.

 

ysh02 wrote:

Hi All BB always do that first come out report say stock very good,lure small investors come in to buy,give some meat for first batch early birds to eat, lure than other follow new birds in, push up lure again than finally said place to institutional investors at discount some 20 % and saw price crash down... the game start all over again..... BB eat meat we eat bonel lah !

..well said...


STX OSV HOLDINGS LIMITED
(THE " COMPANY" )
(Company Registration Number: 201012504K)
(incorporated with limited liability in the Republic of Singapore on 11 June 2010)
PLACEMENT OF SHARES BY STX EUROPE HOLDING AS
The Company has been informed that its substantial shareholder, STX Europe Holding AS (“STX
Europe”), has agreed to sell part of their equity interests in the Company to investment funds
affiliated with OZ Management LP (“Och-Ziff”).
The placement of 215,590,000 ordinary shares by STX Europe will be at a price of S$1.33 per
share. This amounts to approximately 18.27% of the total issued share capital of the Company. In
relation, Goldman Sachs (Singapore) Pte. (“Goldman Sachs”) has consented to this sale of
shares pursuant to the lock-up agreement dated November 4, 2010 between STX Europe and
Goldman Sachs, as representative of the purchasers. As part of the placement, STX Europe also
entered into a separate lock-up agreement with OZ Management LP on July 8 pursuant to which
STX Europe agreed to not dispose of any additional shares in the Company until 12 November2012 with certain limited exceptions.
STX Europe underscored that the placement was made with the objective of improving the
trading liquidity of the Company. As a result of placement, Och-Ziff’s shareholding in the
Company will increase to 20.0%.
STX Europe remains committed to the Company as a substantial shareholder, owning 50.75% of
the Company post the placement.
By Order of the Board
Ho Nam Yi
Director
Date: 8 July 2011


215mil was placed out at $1.33 and after Nov 12 2012 may sell again...temporery no more such sale....but after Nov 12 2012 no guarantee that major shareholder will not sell again

 

STX Europe cuts STX OSV stake to 50.7% STX Europe Holding AS, a wholly owned subsidiary of STX Europe AS, has agreed to sell part of its equity interests in STX OSV Holdings Limited (STX OSV) to investment funds affiliated with OZ Management LP (Och-Ziff). Founded in 1994 by Daniel S. Och, Och-Ziff Capital Management Group is one of the largest alternative asset managers in the world, with approximately $29.3 billion in assets under management as of July 1, 2011. The placement of 215,590,000 ordinary shares by STX Europe will be at a price of S$1.33 per share. This amounts to approximately 18.27% of the total issued share capital of STX OSV. Following the sale, STX Europe will hold 598,851,000 shares in STX OSV equal to a majority shareholding of 50.75%. STX Europe underscored that the placement was made with the objective of improving the trading liquidity of STX OSV. As a result of placement, Och-Ziff's shareholding in STX OSV will increase to 20.0%. STX Europe remains committed to STX OSV as a substantial shareholder in the specialist vessel shipbuilder, owning 50.75% of STX OSV post the placement. STX Europe will use the proceeds from the share sale to reduce its corporate debt, loan to shareholders and for general corporate purposes. It says it has resolved to prepay its NOK 250 million senior unsecured bonds issue due 2012 and will fund the repayment of the bonds from the STX Europe group's own resources, which will include the proceeds from the sale of 215,590,000 shares in STX OSV Holdings Limited). The company will also use part of the proceeds from the sales of shares as loan to shareholders, and to repay an aggregate NOK 650 million, plus accrued interest, of shareholder loans provided by STX Business Group to STX Europe AS in 2008 and 2009.

 

note tat i put " fair value" .. :)

did olam release its share to public when it further sold its shares to private as a lower price?

i can be wrong..

not long or short on this counter..

in fact i believe this ship will go back even if it drops to 1.33 on monday

alexchia01      ( Date: 08-Jul-2011 22:22) Posted: I don't think so. This is a private deal between STX Europe and OZ Management. It's not the fair value of STXOSV. As long as they don't release this price to the public, STXOSV price should not fall. rotijai      ( Date: 08-Jul-2011 20:57) Posted: hm.. will this boat go crazy (down) on monday? judging by the " fair value" of 1.33 ?

 

When stxosv was trading at about $1.25 there was a report that its major shareholder may sell and its shares drifted downwards to low $1.14.Co came out to announce and comfirm and at the AGM the CEO claimed beyond their control even though this comfirmation will add downward pressure to its market share price.

Today close at $1.42...and this fair value of $1.33 is likley to add pressure to the price...as more supply flood the market...Dow plunge > 100 points due to unemployment shot to 9.2% may add to further selling pressure.The price may drift even lower or around $1.33...no wonder today the push to new high $1.445..will be interesting to watch on Mon..today's high vol those who play contra on this counter will definitely sell....

 

I don't think so.

This is a private deal between STX Europe and OZ Management.

It's not the fair value of STXOSV.

As long as they don't release this price to the public, STXOSV price should not fall.

rotijai      ( Date: 08-Jul-2011 20:57) Posted: hm.. will this boat go crazy (down) on monday? judging by the " fair value" of 1.33 ?

 

so 133 is fairvalue? overshot?

hpong5      ( Date: 08-Jul-2011 20:17) Posted: STX Europe has confirmed selling 215,590,000 shares of STX OSV at a price of S$1.33 per share to another party.

 

hm.. will this boat go crazy (down) on monday? judging by the " fair value" of 1.33 ?

 

STX Europe has confirmed selling 215,590,000 shares of STX OSV at a price of S$1.33 per share to another party.

 

hpong5      ( Date: 08-Jul-2011 19:31) Posted: PLACEMENT OF SHARES BY STX EUROPE HOLDING

 

PLACEMENT OF SHARES BY STX EUROPE HOLDING