| Latest Forum Topics / Vard |
 Post Reply
|
|
STXOSV
|
|||||
|
katak88
Senior |
26-Dec-2012 09:28
|
||||
|
x 0
x 0 Alert Admin |
Fincantieri’s $1.22/share price for a 50.75% STX OSV (MS7.SG) stake is a low-ball offer, says CIMB. While Fincantieri doesn’t intend to maintain STX OSV’s listing status, CIMB expects the stock to remain listed, given the low price it notes Och-Ziff’s average cost for its 12% stake was around $1.33/share. |
||||
| Useful To Me Not Useful To Me | |||||
|
jamesng
Veteran |
25-Dec-2012 14:51
|
||||
|
x 0
x 0 Alert Admin |
if stx europe will to sell entire 50% stake via open market, the share price will be free fall........ I think it is sideway from now on till they finished the sale......it takes time for retail investor to get used to the price of the share..... |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
guoyanyunyan
Elite |
25-Dec-2012 08:22
Yells: "uncertainty always exist" |
||||
|
x 0
x 0 Alert Admin |
STX Group willing to sell STX OSV at $1.22, why buyers want to pay higher, $1.32-1.34?? What if STX Group chose to sell STX OSV through open market??? If BB want to buy STX OSV, they would get it cheaper from STX Group?? |
||||
| Useful To Me Not Useful To Me | |||||
|
cheerstan2002
Member |
24-Dec-2012 10:27
|
||||
|
x 0
x 0 Alert Admin |
It happen to my Olam, Kruez & Ezra, and even worst case was the Ezion ... things do happen (sell by mistake or misjudement) .. take it as a lesson and never look back ... STX still got big headroom ... still no late to buy back ... got chance to rise up fast ... 1.33 - 1.34 still good entry ... cheers
|
||||
| Useful To Me Not Useful To Me | |||||
|
rotijai
Supreme |
24-Dec-2012 10:06
|
||||
|
x 0
x 0 Alert Admin |
congrats.. at least u earn $$
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
eurekaw
Master |
24-Dec-2012 09:55
|
||||
|
x 0
x 0 Alert Admin |
u must be in a panic mood when trying to place order
|
||||
| Useful To Me Not Useful To Me | |||||
|
merlin_magic
Senior |
24-Dec-2012 09:52
|
||||
|
x 0
x 0 Alert Admin |
I can't believe it .. I wanted to buy another tranche at 1.32 but clicked wrongly... Sold my old tranche at 1.31.... Sad | ||||
| Useful To Me Not Useful To Me | |||||
|
cheerstan2002
Member |
23-Dec-2012 13:29
|
||||
|
x 0
x 0 Alert Admin |
SEOUL, Dec 23 (Reuters) - STX Offshore & Shipbuilding 067250.KS said on Sunday it has won a $695 million order to build 13 oil tankers from BP Shipping Limited, the shipping and logistics unit of oil major BP Plc BP.L . The domestic shipbuilding arm of South Korea's STX Group said in a statement that the 13 tankers - three 160,000 DWT and ten 110,000 DWT vessels - were scheduled to be delivered by the end of 2015. The deal covers an optional purchase order for another eight tankers, which could bring the total contract value to as high as $1.13 billion, a STX spokesman added. (Reporting by Sung-won Shim Editing by Nick Macfie) ((Sung-won.shim@thomsonreuters.com)(+822.3704.5649)) --------------------------------------------------------- STX OSV got great potential to return above 1.6. While waiting, at least we can recieve good dividends ...
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
jamesng
Veteran |
23-Dec-2012 05:47
|
||||
|
x 0
x 0 Alert Admin |
If new company takes over but it remains listed, will same kind of dividend be paid out? I think it is less likely. Just my view...... |
||||
| Useful To Me Not Useful To Me | |||||
|
cheerstan2002
Member |
22-Dec-2012 14:44
|
||||
|
x 0
x 0 Alert Admin |
Fincantieri carries forward the great tradition of Italian shipbuilding. Founded in December 1959 as a financial holding company, the company was successful in using its inheritance of resources - people, skills and ships. It has built numerous merchant and naval vessels, over 7,000 in 200 years of shipbuilding, several of which have made their mark in history. This is a dynamic company, attentive and ready to change, able to bring together in synergy tradition, experience and innovation. Fincantieri has developed over the years and became an operating company in 1984 when it was already one of the largest and most diversified shipbuilding groups in the world. Today, the history of Fincantieri remains the history of its ships, a fleet of cruise ships and ferries, merchant ships of all types and naval vessel. Floating showcases of made in Italy and of the commitment of a united team made up of the workforce of Fincantieri and the many subcontractors in the supply chain who contribute to building unique ships. This is a company able to renovate in order to be ready to manage complex, challenging projects and create value for all its stake-holders. -------------------------------- http://www.fincantieri.it/cms/data/pages/000043.aspx |
||||
| Useful To Me Not Useful To Me | |||||
|
ethanetoh
Member |
22-Dec-2012 14:12
|
||||
|
x 0
x 0 Alert Admin |
the italian must have recognised that, in order for them to take over STX OSV (a fundamentally good company) fully, they have to give a very competitive price for the shareholders come April 2013. Maybe one of the reason why they can get such good discount from STX OSV. Will hold until the end. Hope Keppel or Sembcorp make a last minute bid haha (dreaming) |
||||
| Useful To Me Not Useful To Me | |||||
|
cheerstan2002
Member |
22-Dec-2012 10:52
|
||||
|
x 0
x 0 Alert Admin |
Yes, STX OSV is interesting, good dividends. This year April 10c and Aug 13c ... Good to hold and see what happens next. If the share holder reject 1.22 deal (just like the F& N) , it will rebound or gap-up and then trading upward again. handsome reward comes later ... Once again a time SMM and SCi was below $2 and now it is hot stock usually above $4 ...
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
jamesng
Veteran |
22-Dec-2012 09:13
|
||||
|
x 0
x 0 Alert Admin |
Well, I think that price will certainly be sideway or drop considering that more than 50% stake will be traded at $1.22.... And likely so for at least few more months..... We had to bear in mind that for some reasons stx osv is paying extremely high dividend.....and as long as you buy early, you are likely in a profit position.... Hence, still possible for a take over at $1.22....... Just my view........and considering stx osv ipoed at $0.79, sale at $1.22 is not too bad to stx europe.......... |
||||
| Useful To Me Not Useful To Me | |||||
|
starlene
Elite |
21-Dec-2012 23:33
|
||||
|
x 0
x 0 Alert Admin |
If that is the case unlikely the Italian co will succeed in buying from the minority shareholders..recall OZ mgt fund first bought $1.33 for a large stake from STX Europe and they also bought from market at about $1.55-$1.56 but of course they also sold some aat $1.65..last month OZ mgt fund also buy 800,000 at $1.38 so unlikley will sell to this co..so STX OSV will remain listed unlikely will be taken private..STX OSV is one of my favourite having made many rounds since it was listed in Oct 2010 and that time N korea fired missile at S Korea it dropped to 80cts close to its ipo..so having be buying and selling all the way from 80cts to $1.40 and not forgetting its generous dividends
|
||||
| Useful To Me Not Useful To Me | |||||
|
Rokawa
Member |
21-Dec-2012 23:27
|
||||
|
x 0
x 0 Alert Admin |
IF that company get 90% ownership it can do that to us. Yes. The main question is, is this italiano able to purchase the balance 35% of the shareholders at $1.22, come april 2013. If they are able to... nothing can stop them from buying the remaining 5% from SGX and then making it mandatory for the dissenting shareholder (us) to sell their shares to the fincan company. |
||||
| Useful To Me Not Useful To Me | |||||
|
InvestNotTrade
Member |
21-Dec-2012 23:23
|
||||
|
x 0
x 0 Alert Admin |
I think its > 50% must make mandatory offer, but subjected to the shareholder's approval. > 90% then is takeover.
|
||||
| Useful To Me Not Useful To Me | |||||
|
starlene
Elite |
21-Dec-2012 23:04
|
||||
|
x 0
x 0 Alert Admin |
Problem is under SGX rule,this Italy co has > 50%.it can compulsory acquired from balance shareholders at this ridiculously low price $1.22,even if we don't agree,it can forced us to sell to it..is this rule..someone plse correct me if I am wrong | ||||
| Useful To Me Not Useful To Me | |||||
|
Rokawa
Member |
21-Dec-2012 23:01
|
||||
|
x 0
x 0 Alert Admin |
Italian company said it has no intention to make any operational changes. Any hindsight on dividend payout. Will maitain or change due to new owner. Ignoring the fact that Financial year 2012 earnings is weaker than 2011. |
||||
| Useful To Me Not Useful To Me | |||||
|
cheerstan2002
Member |
21-Dec-2012 20:50
|
||||
|
x 0
x 0 Alert Admin |
Yes, once the over hang is over, the change to new major share holder who is famous in Italy and cash rich who can afford to pay cash offer even at this time of Euro Debt show this is a solid co. With New mgt, it will reach new height and it will tap on the resources and network of European mkt ... and moreover, it has more award coming and also backlog order ... Nothing is lost ... it will once again return to at least 1.6 ... Cheers ..
|
||||
| Useful To Me Not Useful To Me | |||||
|
zacaroo
Member |
21-Dec-2012 20:36
|
||||
|
x 0
x 0 Alert Admin |
Vickers analyst also has a tp of $2 | ||||
| Useful To Me Not Useful To Me | |||||