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STXOSV
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Peter_Pan
Supreme |
07-Jan-2013 16:12
Yells: "did you order dunkin' donuts" |
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Base formation in progress. | ||||
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starlene
Elite |
05-Jan-2013 23:24
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Unlikley will get delisted..the major shareholder OZ Mgt fund will likley only sell at about $1.65 which was the last sale they made in 2012..recently they bought on Vov 15 800,000 at about $1.35..so don't think STXOSV will drop to that level too..they have substantial first bulk purchase at $1.33 from STX Europe AS the latter also selling to this Italian Co > 50% stake at $1.22,so the general offer will not succeed...by March another round of dividend will be declared..this Italian co unless have board representation will not veto any dividends declared..dividend policy more by management
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cheerstan2002
Member |
05-Jan-2013 21:05
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Costa ConcordiaFincantieri, which built the stricken Costa Concordia liner, offered to buy out minority investors in OSV because of Singapore takeover rules. Acquiring all of the Alesund, Norway- based company would cost about 900 million euros, according to the statement. The general offer will probably be largely rejected because of the discount, said Jason Saw, an analyst at OSK Research in Singapore. “We view the offer as unattractive to minority holders,” he said in a note today. Och-Ziff Capital Management Group owns 12 percent of OSV, according to data compiled by Bloomberg. Fincantieri, based in Trieste, will pay for the purchase using internal resources and a syndicated loan provided by lenders including Banca IMI SpA, BNP Paribas SA, Banca Carige SpA, Unicredit SpA and Cassa Depositi e Prestiti. The acquisition is expected to be completed within the first four months of 2013, according to the statement. Credit Suisse AG and Nomura Holdings Inc. are advising on the deal. STX DebtsKang, who founded STX in 2001, is also seeking to sell stakes in a shipping unit and a Chinese shipyard to ease a cash crunch. His three main companies -- STX Pan Ocean Co., STX Corp. (011810) and STX Offshore -- have $1.4 billion of bond and loan due next year, according to data compiled by Bloomberg. The group is struggling for funds after opening the Chinese shipyard in 2008, just before a collapse in demand for new vessels caused by a shipping glut and slower growth in China. Ship orders at the nation’s yards tumbled 47 percent from a year earlier in the January-November period to the least since 2003, according to shipbroker Clarkson Plc. Fincantieri won 1.86 billion euro of orders last year, 2.6 percent less than in 2010, according to its annual report. Its backlog stood at 5.37 billion euros at the end of December. It had net income of 10 million euros in 2011, compared with a loss of 124 million euros a year earlier. OSV BacklogOSV won 8.23 billion kroner ($1.5 billion) of new contracts in the first nine months, 62 percent more than a year earlier. Its order book stood at 16.4 billion kroner at the end of September, with deliveries stretching into 2016, an increase from 13.6 billion kroner a year ago. Third-quarter net income fell 19 percent to 228 million kroner because of delays in projects at its shipyard in Brazil. The company is building a second facility in the South American nation as Petroleo Brasileiro SA (PETR4) drills new wells off the country’s coastline. Globally, deep-water explorers will spend a record $232 billion on new equipment over five years, according to Canterbury, U.K.-based researcher Douglas-Westwood. STX bought OSV through the 1.4 trillion won acquisition of Aker Yards ASA, which was completed in February 2009. The group sold a 32 percent stake in the unit, renamed STX OSV, in a S$257.3 million Singapore initial public offering in 2010. STX retains cruise-ship building yards acquired in the Aker deal. http://www.bloomberg.com/news/print/2012-12-21/fincantieri-to-buy-51-of-stx-osv-to-add-oil-rig-support-vessels.html
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GorgeousOng
Elite |
05-Jan-2013 20:52
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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Great we are in the right ship!bon-bon voyage!!!
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cheerstan2002
Member |
05-Jan-2013 20:51
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Last Friday, a lot more buying than selling ... Huge vol buying at 1.31 & 1.315. I agree with you guys that it will sail north very very soon. And hopefully will also declare good dividends also. Outlook: Market Fundamentals in Place Despite the Group seeing orders for medium-sized and high-end AHTS fall behind expectations on the back of lower-than-anticipated spot and charter rates, and the market for high-end PSVs currently being slow, the subsea construction market continues to drive demand for high-end vessels. Mr Roy Reite, Chief Executive Officer and Executive Director of STX OSV, said, “Despite the soft market for some of our core products, STX OSV is still seeing a healthy level of project enquiries, especially in the offshore subsea construction vessel segment. Although we expect continued demand for high-end vessels in the subsea market to drive the industry for the rest of the year, we are concerned about the availability and cost of financing having an impact on order conversion rates. Having said that, STX OSV remains confident in our fundamental ability to take advantage of the robust long-term demand for larger, more complex and customized vessels.” Cheers
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Peter_Pan
Supreme |
05-Jan-2013 16:15
Yells: "did you order dunkin' donuts" |
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Watch this ship sail north next week after these past few days of accumulation. The signal has been confirmed.
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GorgeousOng
Elite |
04-Jan-2013 21:14
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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I am accumulating too, everyday buy a few lots,waiting for good new.
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Peter_Pan
Supreme |
04-Jan-2013 19:16
Yells: "did you order dunkin' donuts" |
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Heavy accumulation going on. Muah more today. Foreign brokerage houses are happily accumulating. | ||||
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MtFaber
Member |
04-Jan-2013 14:18
Yells: "PRICE may not equal VALUE" |
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According to CIMB report, the reason for discount given to Fincantieri by STX Group was that the OSV had peaked in 1H12 and has been going down.The selling price was due to their valuation, market situation and the company's forecast. The outlook for OSV is muted in the near term but still positive in the longer term. |
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cheerstan2002
Member |
04-Jan-2013 12:56
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I believe it is well supported at 1.3 Rebound seen while many counters take profit today. But this one still have huge bidded (bought) vol. So I really think many ppl are accummulating .... maybe waiting for dividends and good news ....
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Peter_Pan
Supreme |
04-Jan-2013 12:49
Yells: "did you order dunkin' donuts" |
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Sure bo? | ||||
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merlin_magic
Senior |
04-Jan-2013 12:42
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Sweating... Bought at 1.305... | ||||
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Peter_Pan
Supreme |
04-Jan-2013 11:29
Yells: "did you order dunkin' donuts" |
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Foreign brokerage houses are controlling the prices. | ||||
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Peter_Pan
Supreme |
04-Jan-2013 11:14
Yells: "did you order dunkin' donuts" |
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Big fish accumulating. | ||||
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Tehfeng89
Member |
04-Jan-2013 09:32
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What would it imply? | ||||
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guoyanyunyan
Elite |
04-Jan-2013 08:51
Yells: "uncertainty always exist" |
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500.000 married deal at $661,500 ie $1.323 per share. |
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New123
Elite |
03-Jan-2013 15:08
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bro, this one how can buy ?
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rotijai
Supreme |
03-Jan-2013 15:05
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yawns... | ||||
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zacaroo
Member |
03-Jan-2013 14:46
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dropping liao:( | ||||
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KissBullnBear
Member |
03-Jan-2013 11:37
Yells: "HUAT BIG BIG AHHH" |
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pardon my ignorance, care to share on how u make the following observation? TIA
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