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Err..wat u mean? Went shopping?
Vard went shopping~
http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content&B=AnnouncementToday&F=899382#.UgzY-HQZ7qA
Today serial accumulation. Very funny also.
My brokers are the BBs..lol
newagetrader ( Date: 15-Aug-2013 15:24) Posted:
How you see BBs are accumulating? Mind to share?
Thanks :)
Peter_Pan ( Date: 15-Aug-2013 15:07) Posted:
| Today BBs are accumulating |
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How you see BBs are accumulating? Mind to share?
Thanks :)
Peter_Pan ( Date: 15-Aug-2013 15:07) Posted:
| Today BBs are accumulating |
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Today BBs are accumulating
More contract wins in the pipeline?
newagetrader ( Date: 15-Aug-2013 11:00) Posted:
Price are controlled by institution players. we can say whatever we like, but it will not make any change.
Many are are optimistic here, but price didnt move.
Long-term. Personally I think it is worth a bet. Taking away the weak 2Q result, Vard is a healthy company with earning visibility, lasting until 2016. Ship building is at mid-cycle. Vard has competitive advantage being the leader and ability to custom build advanced and larger ship. It also has long established client relationship.
Based on its current order book, up to 2QFY13, only 7 out of 44 ships are build in Brazil. Hence, I think moving on Vard will be profitable after heavy write down in 2Q.
By securing new orders, it will further enhance its earning visibility for future.
What is important now is for Vard to control situation in Brazil Niteroi Yard and find new order for under utilised Vietnam Yard. Another risk to watch is situation in Promar Yard, which should be well-controlled within desired productivity, except higher than expected start-up cost.
And most important, it declare good dividend for investors :)
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Another point to ponder. The management & owner didn't buy any shares from market. Price is not lowest yet???
But good thing is, they also didn't sell any via open market.
It is also good that the management is focus to its core role of running the biz not playing shares :)
newagetrader ( Date: 15-Aug-2013 11:00) Posted:
Price are controlled by institution players. we can say whatever we like, but it will not make any change.
Many are are optimistic here, but price didnt move.
Long-term. Personally I think it is worth a bet. Taking away the weak 2Q result, Vard is a healthy company with earning visibility, lasting until 2016. Ship building is at mid-cycle. Vard has competitive advantage being the leader and ability to custom build advanced and larger ship. It also has long established client relationship.
Based on its current order book, up to 2QFY13, only 7 out of 44 ships are build in Brazil. Hence, I think moving on Vard will be profitable after heavy write down in 2Q.
By securing new orders, it will further enhance its earning visibility for future.
What is important now is for Vard to control situation in Brazil Niteroi Yard and find new order for under utilised Vietnam Yard. Another risk to watch is situation in Promar Yard, which should be well-controlled within desired productivity, except higher than expected start-up cost.
And most important, it declare good dividend for investors :)
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Price are controlled by institution players. we can say whatever we like, but it will not make any change.
Many are are optimistic here, but price didnt move.
Long-term. Personally I think it is worth a bet. Taking away the weak 2Q result, Vard is a healthy company with earning visibility, lasting until 2016. Ship building is at mid-cycle. Vard has competitive advantage being the leader and ability to custom build advanced and larger ship. It also has long established client relationship.
Based on its current order book, up to 2QFY13, only 7 out of 44 ships are build in Brazil. Hence, I think moving on Vard will be profitable after heavy write down in 2Q.
By securing new orders, it will further enhance its earning visibility for future.
What is important now is for Vard to control situation in Brazil Niteroi Yard and find new order for under utilised Vietnam Yard. Another risk to watch is situation in Promar Yard, which should be well-controlled within desired productivity, except higher than expected start-up cost.
And most important, it declare good dividend for investors :)
old news but...fyi
Today's Highlight
Today's Highlight keeps you updated with the latest news.
Pieseh! My typing speed is too slow. Didn't notice that Bro SFGuyRuleZ already replied.
WanSiTong ( Date: 14-Aug-2013 23:14) Posted:
The change in interest is due to the expiry of the share options held by Mr Roy Reite and not that he sold off his 1.5m shares!.
Hawkeye ( Date: 14-Aug-2013 22:57) Posted:
I will buy in Vard Holding some, but its very discouraging to see the CEO sold off his 1.5million shares today announcement.
Looks I will take in Some of Vard along with my Cosco, NOL and YZJ shares. and sit tight for all shipping and shipbuilding counters to rebound this year or next year or year 2015 |
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The change in interest is due to the
expiry of the share options held by Mr Roy Reite and not that he sold off his 1.5m shares!.
Hawkeye ( Date: 14-Aug-2013 22:57) Posted:
I will buy in Vard Holding some, but its very discouraging to see the CEO sold off his 1.5million shares today announcement.
Looks I will take in Some of Vard along with my Cosco, NOL and YZJ shares. and sit tight for all shipping and shipbuilding counters to rebound this year or next year or year 2015.
SFGuyRuleZ ( Date: 14-Aug-2013 22:50) Posted:
| Oh.. And plus profit-taking..
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He didn't sell.. The options granted to him just merely expired. In my opinion, I feel is a very personal decision for him whether or not to exercise his options. I have no idea what's the exercise price, but if the exercise price is higher than the market price now, no reason for him to exercise also.. NOL seems like gonna rebound soon too in my opinion if the economy picks up, but I won't rush in to buy yet.. =)
Hawkeye ( Date: 14-Aug-2013 22:57) Posted:
I will buy in Vard Holding some, but its very discouraging to see the CEO sold off his 1.5million shares today announcement.
Looks I will take in Some of Vard along with my Cosco, NOL and YZJ shares. and sit tight for all shipping and shipbuilding counters to rebound this year or next year or year 2015.
SFGuyRuleZ ( Date: 14-Aug-2013 22:50) Posted:
| Oh.. And plus profit-taking..
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I will buy in Vard Holding some, but its very discouraging to see the CEO sold off his 1.5million shares today announcement.
Looks I will take in Some of Vard along with my Cosco, NOL and YZJ shares. and sit tight for all shipping and shipbuilding counters to rebound this year or next year or year 2015.
SFGuyRuleZ ( Date: 14-Aug-2013 22:50) Posted:
Oh.. And plus profit-taking..
SFGuyRuleZ ( Date: 14-Aug-2013 22:39) Posted:
Technically wise, I think it is still ok? Past 2 days to me is just more accumulation, consolidation and flushing out of contra players. In fact, there may still be consolidation tomorrow. Besides from the candlesticks the past 3 days, we can see high volume of shares bought at least above 0.85. RSI overbought conditions for a fry-pan bottom pattern breakout is characteristic of the pattern itself and should be treated as negligible. Anyway, one's money, one's own call..
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Oh.. And plus profit-taking..
SFGuyRuleZ ( Date: 14-Aug-2013 22:39) Posted:
Technically wise, I think it is still ok? Past 2 days to me is just more accumulation, consolidation and flushing out of contra players. In fact, there may still be consolidation tomorrow. Besides from the candlesticks the past 3 days, we can see high volume of shares bought at least above 0.85. RSI overbought conditions for a fry-pan bottom pattern breakout is characteristic of the pattern itself and should be treated as negligible. Anyway, one's money, one's own call..
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Technically wise, I think it is still ok? Past 2 days to me is just more accumulation, consolidation and flushing out of contra players. In fact, there may still be consolidation tomorrow. Besides from the candlesticks the past 3 days, we can see high volume of shares bought at least above 0.85. RSI overbought conditions for a fry-pan bottom pattern breakout is characteristic of the pattern itself and should be treated as negligible. Anyway, one's money, one's own call..
Sista arh, macam ini boleh heart attack lah! One day good another day rosak! Scary cats coming out again!!! How?? How to invest?
Scary..should let go 2molo.
Vard Holdings ST: the RSI is overbought
Alternative scenario: the downside breakout of 0.811 would call for 0.742 and 0.702.
Our pivot point is at 0.811.
Our preference: short term rebound.
Alternative scenario: the downside breakout of 0.811 would call for 0.742 and 0.702.
Comment: the RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the share stands
Vard Holdings ? a stock that saw 54% of its stock value wiped out in 10 months to trade at a low of $0.765 on 22 July from its all time high of $1.66 in September 2012, has risen 4.2% in the last three days.
The move comes on the back of a contract win announced at the start of this week, which is the largest ever in the company?s history. Here is what Macquarie Equities Research (MER) had to say about the win, extracted from the research note published on the same day of the announcement.
Macquarie?s STX OSV warrants
Vard won 4 PLSV (Pipe Lay Support Vessel) orders from the consortium of " Technip and DOF Subsea" worth US$1.1bn (NOK6.5bn).
Largest ever orders in the firm's history: Petrobras had placed orders for these 4 vessels with Technip+DOF. MER was expecting the consortium to award 1-2 of these 4 vessels to Vard but they ended up placing all 4 orders with Vard.
2 to be built in Romania/Norway, and 2 in Vard's new yard in Brazil: Hulls of first 2 vessels will be built in Romania and outfitted in Norway to be delivered in 2Q16-3Q16. The other 2 vessels will be delivered from Vard's new yard in Promar and delivered in 4Q16-2Q17.
Largest PLSVs ever to be built in the industry: The two vessels to be built in Romania/Norway will carry pipe lay towers rated at 650 tons, the largest ever in the industry, while the two vessels to be built in Brazil at 350 tons each, will be the largest ever to be constructed in Brazil.
Such high quality orders from high quality buyers re-affirm confidence in one of the world's top " support vessel builders" : Vard's yards being chosen to build all 4 vessels by the consortium is a big endorsement of its global presence and quality products, in MER?s view.
MER?s action and recommendation
2013YTD orders have reached NOK10.5bn already MER believes that after a year of pessimism, this order should work as a big catalyst, in MER?s view. MER?s and street estimates for 2013 order inflow has been between NOK10-11bn, which Vard has already achieved. The earnings downgrade cycle should reverse now, in MER?s view.
Stock at 1.1x 2014E price to book with approx. 25% return-on-equity and approx. 5% div yield: MER considers Vard's current stock price as a very attractive entry point.
MER has an Outperform rating on Vard with a 12-month target price of $1.10.
* For a full list of Macquarie?s warrants over Vard, you may wish to do a search athttp://www.warrants.com.sg/en/warrants/search_e.cgi