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STXOSV
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CWC2929
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24-Jan-2013 00:57
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mE conform hold.........still holding xxx lots...........what will be.....will beeeeeeeee......... 
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darkknight
Member |
23-Jan-2013 22:22
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STX have to sell their stake at depressed price to pay their debt but we don't have to :) It is similar to the case for Jaya Holding 2 years ago, where the banks had to release it at 25% discount from its market and NAV. Stocks plunge after that flushing out weak holders, but stock remain listed and eventually it catch up with its fair value. STX OSV with dividends and better earnings, hopefully it won't take as long as Jaya in recovering. If $1.28 is the current low, there should be a interim rebound when the fear of delist subsided (assuming Q4 result and future guidance remain stable)
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cheerstan2002
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23-Jan-2013 21:31
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South Korean news website MoneyToday reported that STX Group may finally announce the divestment of its 50.75% stake in STX OSV to Fincantierie raising as much as US$743m.so as to raise the necessary funds to strengthen its own balance sheet. With the stake sale expected to raise around S$900m, translating to around S$1.50/share for the STX Group, investors believe this would provide near term valuation support. No change to a TP of S$2.00
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cheerstan2002
Member |
23-Jan-2013 21:19
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The total value of the transaction, including both the acquisition of the 50.75% stake and the mandatory unconditional cash offer, will amount to approximately Euro 900 million1 (approximately SGD 1,450 million). It will be financed mainly from Fincantieri's internal resources and with a syndicate loan provided by a pool of banks (Banca IMI, BNP Paribas - Italian branch, Carige, Unicredit) and by Cassa Depositi e Prestiti as a lender guaranteed by SACE. This acquisition marks Fincantieri's entry into a market segment complementary to its current ones. With 21 shipyards in 3 different continents, nearly 20,000 employees and revenues of Euro 4 billion, Fincantieri Group will double its size to become the fifth largest shipbuilder worldwide behind four Korean peers, and the only Western producer capable of competing with the Asian giants thanks to its diversification and presence in all of the high value added segments. STX OSV, listed on the Singapore Stock Exchange and world leader in the construction of offshore support vessels for oil and gas extraction and production, has approximately 9,200 employees and 10 shipyards around the world (5 in Norway, 2 in Romania, 1 in Vietnam and 2 in Brazil, of which one is currently under construction). In the past three years it has generated average revenues of approximately Euro 1.6 billion and EBITDA of approximately Euro 190 million. At the end of the 2012 third quarter its order backlog was Euro 2.1 billion. ---------------------------------------------------- The business outlook looks very good and promising ... cheers |
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@@Bravo
Member |
23-Jan-2013 21:19
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Never let go!!!!! | ||
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cheerstan2002
Member |
23-Jan-2013 21:16
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The cash offer is just compliance with the rules of the Singapore Code on Take-overs and Mergers. The offer must be kept open for a minimum of 28 days from the date on which the offer document which sets out the terms and conditions of the mandatory unconditional general offer is dispatched by Fincantieri Oil & Gas S.p.A., which is expected to occur within the next two or three weeks. http://stxosv.listedcompany.com/newsroom/20130123_143828_MS7_2FD89A59B6A7F71348257AFC00240601.2.pdf We will continue to hold for the next 28 days and then 2 -3 weeks for the completion and by then it will back to normal trading .. and of course the Co which claims to be the World leading Ship Building and wanting to venture into OSV and subsea must demonstrate to the world that it is good It also must make the stock price move up to gain investors' confidence ... Cheers .. |
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Peter_Pan
Supreme |
23-Jan-2013 20:54
Yells: "did you order dunkin' donuts" |
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DMG is maintaining their buy recommendation on STX OSV with a target valuation of $2.05. | ||
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Peter_Pan
Supreme |
23-Jan-2013 20:40
Yells: "did you order dunkin' donuts" |
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STX OSV Tulcea Shipyard Management, part of the same name, which is being taken over by Italy's Fincantieri, said that he had scheduled a business growth of 15% this year despite demand shipbuilding market continues to be affected by international context. Shipbuilders last year estimated an advance of 7% in the business, up to 540 million (124.3 million euros) and will make a profit of more than twice as high, at about 20 million (4.6 million).
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Connietan
Member |
23-Jan-2013 20:38
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keep until the price up up up。 。 。 。 。 never sell until price up !!!!! | ||
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ksloi1
Member |
23-Jan-2013 20:37
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Great ! I am definitely not taking up the offer , if more investors refuse to take up the offer ... The Italian has to make a better offer in order to garner > 90% ...... Otherwise, I would anticipate it to go back to the price level at least, before the announcement made by the Italian last Dec Will the trading start tomorrow after the halt ? |
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Peter_Pan
Supreme |
23-Jan-2013 20:37
Yells: "did you order dunkin' donuts" |
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Fincantieri faces tough call in general offer to STX OSV shareholdersWednesday 16 January 2013, 13:43 Next hurdle may prove insurmountable in Italian firm’s bid to take shipbuilder private |
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ly1968
Member |
23-Jan-2013 20:32
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I will joint u guys although i am making a loss now,cheers to all (Hope evryone huat in this stock & have abalone in CNY)
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deedee90
Member |
23-Jan-2013 19:54
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Die die no at least $1.80 no sell. People who are vested here, asked yourself. When you bought into this company, do you think its deserved to price this way? After staring at such huge downsides and waiting for so long are you willing to let go even at break even prices? This is a fundamentally strong company and I believe maybe not all of you looked at the statements but those who did and bought knows. It is time for it to correct back to its fundamentals. |
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diamond7
Member |
23-Jan-2013 19:53
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Very Strong EPS is there, Good Yield stock, sure this is good stock, I hope in the next few days or opening day, it will trade S$1.35 range. Wait and see. | ||
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Peter_Pan
Supreme |
23-Jan-2013 19:51
Yells: "did you order dunkin' donuts" |
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It's Dirt Cheap!!! | ||
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Peter_Pan
Supreme |
23-Jan-2013 19:50
Yells: "did you order dunkin' donuts" |
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Anticipating the big pop.......smart money buy on dips. | ||
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rotijai
Supreme |
23-Jan-2013 19:41
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just sharing.. not every fund will make $$.. fm doesnt manage their funds like how retailers manage ur own funds.. die die hold onto a shares and hope it will go up for them to sell.. they are big fish, when it's time for them to let go, they will just dump even at a loss.. regarding why stx osv was sold at 1.22? imagine u are the buyer, u know the seller is in deep shit and needs $ desperately, will u offer him at a higher price? or u will offer the price at ur advantage? stx group cant sell to open market, if they do i think the italian company can buy at 0.70 now :P why? simple if the owner of the company selling shares to the open market, everyone will sell cause everyone's scared.. the leader is selling.. so dont be overly optimistics.. or even pessimistics cause noone knows wat's going to happen |
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Peter_Pan
Supreme |
23-Jan-2013 19:38
Yells: "did you order dunkin' donuts" |
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STX-MEN UNITED Now Showing |
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poorman88
Member |
23-Jan-2013 19:28
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Don't understand why STXOSV is parting their shares at $1.22 when market price then was much higher - very poor negotiator. I am definitely NOT selling to the Italians at this price. We need to be UNITED !!! |
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brenocav
Member |
23-Jan-2013 18:28
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What a bunch of mother f******! They can't be serious | ||
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