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STXOSV
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student
Veteran |
24-Apr-2013 09:48
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@sifu SJ-Stomper* Thank you for your understanding and correct perception. It reminds me of a HK movie in which a good-hearted trainer looked after a group of young recruits. Because of his harsh and sometimes mocking approach, the recruits hated him in the beginning buit ended up to be thankful to him in the end, but not before. Stocks is a somewhat similar situation. It is a truly a battlefield. I will not post more, but for newbies' greater insight, please get hold of Jesse Livermore's books and digest them, and also some stock market " battle" books. *PS. It's really heartening to see at least one who is appreciative.
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guoyanyunyan
Elite |
24-Apr-2013 09:12
Yells: "uncertainty always exist" |
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SJ-Stomp
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24-Apr-2013 09:06
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Dear friends, Those who are in this forum long enough, know who is "student". Pls dont "chase" him away. It is good for him to inject some negetive posts as people might get too bulish about the market. At contel thread had one newbie just listen to the buy call, now he has lost a lot of money. I hope his wife has forgiven him.
@student, continue to post what you think will be benefited to the forumers. Just do as a human duty not "hai lang" your kuan ing mah will know. I wish everyone has a happy trading day! Happy happy go lucky! |
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kenkenken
Senior |
24-Apr-2013 08:41
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Guess u never learn.haha.
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Aberdeen123
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24-Apr-2013 08:09
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Jesus!...broken recorder still singing for the last time.....lol Thank you student.I think it is still best to be simple than psychological.
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student
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24-Apr-2013 06:51
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In playing stocks, it is bad to be 'positive' or 'negative'. It is absolutely important to be neutral and zombie-like. Anyway, erring on the negative (defensive) is much safer. Nuff said. Hope newbies benefitted. I will not post. |
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ruggerking
Member |
24-Apr-2013 03:01
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Finally another bro who think alike.  I stop posting coz Student couldn't stop being negative without reasons and yet give tons of nonsensical reason for other people point of view.
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prolix
Member |
23-Apr-2013 23:01
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VARD SIGNS LETTER OF INTENT FOR ONE PLATFORM SUPPLY VESSEL WITH SIMON MØKSTER SHIPPING Singapore, 23 April 2013 – Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels, is pleased to announce that it has entered into a Letter of Intent with Simon Møkster Shipping for the design and construction of one Platform Supply Vessel (PSV). The shipbuilding contract for the design and construction of the vessel is expected to be entered into within a few weeks. The vessel, of VARD’s own PSV 06 LNG design, is scheduled for delivery in Q1-2015 from VARD in Norway. The hull will be delivered from VARD in Romania. The PSV 06 LNG is a new innovative design developed by Vard Design. The vessel will be a Clean Design environmentally friendly dual-fuel LNG / diesel-electric ship with focus on low fuel consumption and low emissions of greenhouse gases. The vessel will be approximately 94 meters long and 20 meters wide, and is designed to meet the requirements for support to the Goliat oil and gas field in the Barents Sea. Simon Møkster Shipping has been awarded a charter contract by oil major Eni Norge for the operation of the vessel. In addition to regular PSV duties, the vessel is equipped for emergency operations like rescue, emergency towing, firefighting and oil recovery. At the stern of the vessel, a hangar will be fitted to accommodate an emergency towing winch, NOFO oil recovery equipment and a slipway for launch and recovery of the rescue crafts. Simon Møkster Shipping operates a large fleet of ships from its main office in Stavanger, Norway, and VARD has built several of these vessels in the past. |
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cheerstan2002
Member |
23-Apr-2013 21:44
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From AGM, VARD sounds very promising .... and it aim to be market leader ... Let's all hope that it will chiong again like last year ... All the best to those vested and holding since Dec 2012 ... |
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waitlonglong
Member |
23-Apr-2013 21:09
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Announcments out in SGX. Go check it out.
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laopokca
Member |
23-Apr-2013 18:01
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Anybody care to give an overall summary of today AGM? | ||||
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prolix
Member |
23-Apr-2013 16:10
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Thanks for the correction, BummerHuat. My apologies, Starlene.
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BummerHuat
Member |
23-Apr-2013 15:57
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1.20 is the initial exercise price, but as there have been dividends issued since the grant of the share options, the dividends will be netted against the exercise price for a lower exercise price range of 0.89 - 1.29. That said, the share options are not expiring. It expires on 9 May 2016 and the earliest that they can exercise the option is 9 May 2013, 2 years after grant of the share option. Actually whether management exercises its option doesn't really send signal on its view of the company. If price is 1.10 and exercise price is 0.89, regardless of whether I believe in the company, I will just exercise the option and sell the shares the same day to arbitrage. Share option scheme does however provide incentive for management to boost the company share price from the date its granted till the date it exercise the option.
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prolix
Member |
23-Apr-2013 15:30
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And likewise starlene I think you might be mistaken as to the exercise price of the share options. I think the lowest exercise price is $1.20 (see pg 105 of 2011 Annual Report).
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waitlonglong
Member |
23-Apr-2013 15:24
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Should be 30%.
Please check page 59 from this link. :)
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starlene
Elite |
23-Apr-2013 15:01
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Shd be 70% of profit to be distributed as dividend same as when specified in ipo prospectus..U notic there is 17mil share option granted to directors expired in April 27 2013 2 years from approved date April 27 2011 not exercised though the exercise priceis from 0.89-1.29 .
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waitlonglong
Member |
23-Apr-2013 13:36
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Dividends (30% of profit) policy no change. No 'special' announcements made. |
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kenkenken
Senior |
23-Apr-2013 12:51
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So any impt update from the agm? | ||||
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Peter_Pan
Supreme |
23-Apr-2013 12:36
Yells: "did you order dunkin' donuts" |
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VARD eyes US$530m Brazilian ordersTarget wins to ignite an uptick in its share price. According to CIMB, it believes that the lacklustre share price of STX OSV, which has adopted a new brand name, VARD, could be catalysed by sizeable Brazilian orders worth up to US$530m or NOK3bn (translating to 27% of our FY13 order target) in the next couple of weeks. Here's more Given its recent underperformance and sentiment uplift from this headline-win, we upgrade VARD to Trading Buy from Neutral. The stock is not an Outperform as there could be downside risks to the company’slonger-term margins profile. Further, the absence of communications fromthe new majority owner, Fincantieri, could put off longer-term investors. No change to our EPS or target price, still at 8x CY14 P/E, one s.d. above its trading mean. Industry publications report that Petrobras could award contracts for seven newbuild pipe-laying support vessels (PLSVs) in the next few weeks. One source pinpointed 20 April as the cut-off date for announcement. Accordingly, two 300-tonne PLSVs could be contracted to TechnipNorskan, with construction eyed at VARD’s new Brazilian yard, Promar. Yard prices for the two units could total US$560m, or NOK3bn, translating to 27% of our FY13 order target of NOK11bn. Deliveries are expected by late-2016. We think that the looming-win could spark an uptick in share price. YTD, VARD has secured orders of NOK2.4bn (all for subsea vessels). Beyond the headline-win, we highlight that while the Petrobras orders would replenish the order book, they would not contribute meaningfully to 2013’s revenue runrate due to its long delivery. From a margins perspective, the yard pricesfor the Brazil units are expected to be higher than for international-built units with higher tonne tension capacities. This should buffer costs escalations and production bottlenecks in Brazil. With the stock a laggard, we recommend that shorter-term/riskon investors buy before the fact. Also, with the share price at S$1.22 (the offer price), near-term downside risk is limited. It was only recently that the market unanimously decided that the offer price undervalued VARD. Fincantieri only managed to |
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ethanetoh
Member |
23-Apr-2013 12:24
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Mixed feelings | ||||
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