Vard   

STXOSV

STX OSV BECOMES VARD 

Singapore, 5 March, 2013 – STX OSV Holdings Limited, one of the major global 
designers and shipbuilders of offshore and specialized vessels, is pleased to 
announce that the STX OSV Group of companies will adopt the new brand name 
VARD. The adoption of the new name, logo and brand identity follows the sale of 
STX Europe’s majority stake in the company to Fincantieri Oil &  Gas, as previously 
announced on 23 January 2013. 


Being derived from the Norwegian word “varde”, which refers to a small tower of 
stones used since ancient times as a navigation mark along the coast to guide 
ships, the name embodies the Company’s maritime heritage and long history in 
shipbuilding. It also symbolizes its ambition to lead the way in the industry, reflecting 
VARD’s size, position and goal to be a preferred partner for technologically 
advanced solutions in the global offshore support vessel market. 

Chief Executive Officer and Executive Director of VARD, Roy Reite, said, “I am 
excited to announce that VARD will be our new name. It conveys a sense of stability 
and strength, relevance and flexibility. More importantly, it reflects our long-standing 
Norwegian heritage, as well as our leading position within the offshore and 
specialized vessels industry globally. From the very start of the project, the objective 
was to find a name that is short, solid, innovative and maritime in its tone. VARD 
met all of these criteria.” 

The new company name is currently being implemented across all the subsidiaries 
of the VARD Group of companies worldwide. A proposal for a new name for the 
Group holding company, STX OSV Holdings Limited, will formally be tabled for 
resolution at the upcoming Annual General Meeting in April.   

 

.....Will continue to load.....

 

Hi sifu   .......just curious ........just curious

don't mind asking something?...

did you or your wife or someone in your family using the same nick (iPunter) to post here.......

Just curious........Kam sia Sifu.........

 

iPunter      ( Date: 04-Mar-2013 21:00) Posted: This counter may be stuck @1.22 or lower for a long time...

 

oh no!!!

 

This counter may be stuck @1.22 or lower for a long time...

 

 

04 March Married Deal:

vol 375,000 value $475,500   ie $1.268/share

 

chk in box.

iPunter      ( Date: 04-Mar-2013 08:06) Posted: I am very scared of it halting... but at the same time,     this stock may have unlimited upside too... lol...  GorgeousOng      ( Date: 04-Mar-2013 05:42) Posted: 1.24 very strong support . Will load when is 1.26 n below, will see today's vol. :))

 

I am very scared of it halting... but at the same time,

    this stock may have unlimited upside too... lol... 

GorgeousOng      ( Date: 04-Mar-2013 05:42) Posted: 1.24 very strong support . Will load when is 1.26 n below, will see today's vol. :)) iPunter      ( Date: 04-Mar-2013 03:46) Posted: Continue to load how much? Does it mean you all will be " mauing" ?

 

1.24 very strong support . Will load when is 1.26 n below, will see today's vol. :))

iPunter      ( Date: 04-Mar-2013 03:46) Posted: Continue to load how much? Does it mean you all will be " mauing" ? GorgeousOng      ( Date: 03-Mar-2013 22:03) Posted: After a long discussion with my budies this afternoon , we all agreed with what you guys have said. Upside is huge. We will continue to load if it is drop on Monday. Cheers ! Have a early rest n get ready for tomorrow!!!:))) Chiong ah!!

 

Continue to load how much? Does it mean you all will be " mauing" ?

GorgeousOng      ( Date: 03-Mar-2013 22:03) Posted: After a long discussion with my budies this afternoon , we all agreed with what you guys have said. Upside is huge. We will continue to load if it is drop on Monday. Cheers ! Have a early rest n get ready for tomorrow!!!:))) Chiong ah!!! chanting      ( Date: 03-Mar-2013 14:44) Posted: Well said BummerHuat !... I support your comment on this. Will stock up more next few days, at current price of $1.27 cant say its dirt cheap but to me its a very very good offer, most I lost 2c if the price dropped to lower than $1.22 by selling to the ltalian bandits, but then the upside is hugh ... 2c vs good profit, why not! .....Huat to all

 

Without OZ...................see how it go when market open.....................

 

think can  consider to buy $1.22 - $1.24 and sell $1.30..

GorgeousOng      ( Date: 03-Mar-2013 22:03) Posted: After a long discussion with my budies this afternoon , we all agreed with what you guys have said. Upside is huge. We will continue to load if it is drop on Monday. Cheers ! Have a early rest n get ready for tomorrow!!!:))) Chiong ah!!! chanting      ( Date: 03-Mar-2013 14:44) Posted: Well said BummerHuat !... I support your comment on this. Will stock up more next few days, at current price of $1.27 cant say its dirt cheap but to me its a very very good offer, most I lost 2c if the price dropped to lower than $1.22 by selling to the ltalian bandits, but then the upside is hugh ... 2c vs good profit, why not! .....Huat to all

 

After a long discussion with my budies this afternoon , we all agreed with what you guys have said. Upside is huge. We will continue to load if it is drop on Monday. Cheers ! Have a early rest n get ready for tomorrow!!!:))) Chiong ah!!!

chanting      ( Date: 03-Mar-2013 14:44) Posted: Well said BummerHuat !... I support your comment on this. Will stock up more next few days, at current price of $1.27 cant say its dirt cheap but to me its a very very good offer, most I lost 2c if the price dropped to lower than $1.22 by selling to the ltalian bandits, but then the upside is hugh ... 2c vs good profit, why not! .....Huat to all! BummerHuat      ( Date: 03-Mar-2013 14:00) Posted: The current situation makes for a very compelling investment opportunity. It's current valuation is much lower than peers traded on the SGX that are of a smaller scale and that are less covered by analysts. If you understand what are the risks, this counter provides a very attractive risk-adjusted returns. I am a long term investor, so the fundamentals appeal to me. But if you are a day trader, then you should probably stay away from this counter as in the short term, it is hard to predict the trend.

 

Ha cheers..everyone HUAT!

chanting      ( Date: 03-Mar-2013 14:44) Posted: Well said BummerHuat !... I support your comment on this. Will stock up more next few days, at current price of $1.27 cant say its dirt cheap but to me its a very very good offer, most I lost 2c if the price dropped to lower than $1.22 by selling to the ltalian bandits, but then the upside is hugh ... 2c vs good profit, why not! .....Huat to all! BummerHuat      ( Date: 03-Mar-2013 14:00) Posted: The current situation makes for a very compelling investment opportunity. It's current valuation is much lower than peers traded on the SGX that are of a smaller scale and that are less covered by analysts. If you understand what are the risks, this counter provides a very attractive risk-adjusted returns. I am a long term investor, so the fundamentals appeal to me. But if you are a day trader, then you should probably stay away from this counter as in the short term, it is hard to predict the trend.

 

Well said BummerHuat !... I support your comment on this. Will stock up more next few days, at current price of $1.27 cant say its dirt cheap but to me its a very very good offer, most I lost 2c if the price dropped to lower than $1.22 by selling to the ltalian bandits, but then the upside is hugh ... 2c vs good profit, why not! .....Huat to all!

BummerHuat      ( Date: 03-Mar-2013 14:00) Posted: The current situation makes for a very compelling investment opportunity. It's current valuation is much lower than peers traded on the SGX that are of a smaller scale and that are less covered by analysts. If you understand what are the risks, this counter provides a very attractive risk-adjusted returns. I am a long term investor, so the fundamentals appeal to me. But if you are a day trader, then you should probably stay away from this counter as in the short term, it is hard to predict the trend.

 

I supported OCBC re-rating of STXOSV.

At current mkt value, STX OSV is valued at least 1.52 with 3 recent contracts win ...

It will cheong ... no fear holding on the STX OSV! ....

 

starlene      ( Date: 03-Mar-2013 13:18) Posted: After March 13 STXOSV will go up to a decent level again,artifically pressed/depressed beco of uncertainty,whick mkt doesn't like,after this uncertainty becomes certainty,ie takeover won't succeed,will cheong..smart pple are those who take the  risk now..drop from $1.27 to $1.22 or see it go past $1.60,the latter will be the case

 

Italian Co. may not have the capability or capital or may not be given such a hugh amount of loan to acquire the rest of 40% of the share ...

As it is right now, the Italian govt has enough in its lap to handle the economy.

I guess the priority is to organise its govt and then later to look into its investment portolio to bring in money.

On a positive note, Fincantieri is definitely supported by govt and STX OSV is niche in its market. So long term investment is rather stable and it will continue to win contract of its synergy with Korean representing the Aisan mkt and Fincantieri representing the European mkt.

It seems to me, it is positioned  for growth.

Let's see what the mkt sentiment is like after 13th March where GO lapsed ...

Cheers to all who have vested and esp for those who got in below 1.25 ........ haha

BummerHuat      ( Date: 03-Mar-2013 13:43) Posted: Agree. The dealing disclosure only made reference to the offer, but nowhere in the announcement did it say that the shares are being sold to Fincantieri. The IFA report has already advised shareholders not to accept the offer of $1.22. For Fincantieri to increase its current 50.75% shareholding to 90% is next to impossible. Many people fail to appreciate that the current general offer is triggered compulsorily under SGX's rules because Fincantieri acquired more than 30% shares. It does not mean that the $1.22 offer is a fair offer or one that has a realistic chance of succeeding. darkknight      ( Date: 03-Mar-2013 01:17) Posted: Just to have a peace of mind, you can do the math from the dealing disclosure (divide the transaction price by the total number of share transacted), it will be the daily open market price. Most importantly if the Italian had acquired additional share, they will also have to disclose on the increase in voting rights, but there is none other than the 598M share they acquired from STX parent. Basically OZ had sold the share to non substantial holders hence there is no disclosure.

 

The current situation makes for a very compelling investment opportunity. It's current valuation is much lower than peers traded on the SGX that are of a smaller scale and that are less covered by analysts.

If you understand what are the risks, this counter provides a very attractive risk-adjusted returns. I am a long term investor, so the fundamentals appeal to me. But if you are a day trader, then you should probably stay away from this counter as in the short term, it is hard to predict the trend.

 

Agree. The dealing disclosure only made reference to the offer, but nowhere in the announcement did it say that the shares are being sold to Fincantieri.

The IFA report has already advised shareholders not to accept the offer of $1.22. For Fincantieri to increase its current 50.75% shareholding to 90% is next to impossible.

Many people fail to appreciate that the current general offer is triggered compulsorily under SGX's rules because Fincantieri acquired more than 30% shares. It does not mean that the $1.22 offer is a fair offer or one that has a realistic chance of succeeding.

darkknight      ( Date: 03-Mar-2013 01:17) Posted: Just to have a peace of mind, you can do the math from the dealing disclosure (divide the transaction price by the total number of share transacted), it will be the daily open market price. Most importantly if the Italian had acquired additional share, they will also have to disclose on the increase in voting rights, but there is none other than the 598M share they acquired from STX parent. Basically OZ had sold the share to non substantial holders hence there is no disclosure.

 

After March 13 STXOSV will go up to a decent level again,artifically pressed/depressed beco of uncertainty,whick mkt doesn't like,after this uncertainty becomes certainty,ie takeover won't succeed,will cheong..smart pple are those who take the  risk now..drop from $1.27 to $1.22 or see it go past $1.60,the latter will be the case