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Vard Holdings
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warrenbegger
Elite |
07-Aug-2013 12:45
Yells: "Anyhow Buy Anyhow Die ^_^" |
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Wa Lau,, U said me??? So this one u post one ah??? So u r one of them who short ah??? Or u wish to get cheaper by rubbing salt on other wound??? U like that no good leh, anyhow post to cause fear... Zzzzzzzzz
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warrenbegger
Elite |
07-Aug-2013 12:36
Yells: "Anyhow Buy Anyhow Die ^_^" |
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That time so many had negative view on Vard and keep spitting down at it but only one of this poor SFGuyRuleZ keep holding it. At least i didn't anyhow post to cause fear, i even hold his hand gently, hug and kiss her. That's love... Some of the forumer only like to put salt on wound. Why don't give some love to each others?
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warrenbegger
Elite |
07-Aug-2013 12:20
Yells: "Anyhow Buy Anyhow Die ^_^" |
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To explain, Issue with shortiest- I think u misunderstanding me, i love shortist. Cause i also part of it. Using Cap letters- I like big cap for no reason, is just a personal preference, nothing to do with rude unless u like it. Readability issues- I feel it look neat and nice, if u find it ugly, u can don't see it. By the way i didn't spam like others.. Adverse view- At least i better than others who anyhow post that cause fear to others, u should F**k them all for us. *By the way, most of the post in forum is anyhow post one, u treat them so serious ah? U should change the way u look at things :)
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Aberdeen123
Senior |
07-Aug-2013 11:28
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Wonder what is the issue with shortist??They are legalised traders also abiding by the SGX rules and regulations.It is only ones' preference whtr to long or short a counter.Hence it is not advisable to create a misconception here.Without them,I dont think you can get stock at a low price. I would rather one exercise a healthy dose of eq.Avoid using all CAPITAL LETTERS, large and/or brightly-coloured fonts when posting. This is considered " rude/shouting" and causes readability issues.One shld focus on the news development of the counter rather than marginalize shortist or any forumner who has an adverse view on the counter. Cheers! |
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warrenbegger
Elite |
07-Aug-2013 10:12
Yells: "Anyhow Buy Anyhow Die ^_^" |
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Very Gratz to shortist, Backside kanna tear pain pain again and again and again :) |
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yokoosi
Member |
07-Aug-2013 10:07
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Should have more upside but must be patience.
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morningstar13
Member |
07-Aug-2013 10:04
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Vard is truely the dark horse. When everything is 'red' in my portfolio, this one is green!!!
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yokoosi
Member |
07-Aug-2013 09:54
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Lift off...no horse run !! Huat Ah.... |
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Peter_Pan
Supreme |
07-Aug-2013 09:51
Yells: "did you order dunkin' donuts" |
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Still cheap.
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ozone2002
Supreme |
07-Aug-2013 09:44
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Last:0.855 Vol:5956k  +0.025
we have liftoff!! :) gd luck dyodd
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wendel
Master |
07-Aug-2013 09:43
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I've sold early! Wasted...sob!! | ||||
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SFGuyRuleZ
Veteran |
07-Aug-2013 09:41
Yells: "You are your own master.." |
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http://en.wikipedia.org/wiki/Pre-salt_layer http://subseaworldnews.com/2013/05/08/petrobras-announces-oil-discovery-in-brazils-santos-basin-pre-salt-region/ http://www.pennenergy.com/articles/pennenergy/2013/06/petrobras-starts-production-in-santos-basin-lula-nordeste-pre-sa.html http://www.technip.com/en/entities/brazil http://en.wikipedia.org/wiki/Pipe-laying_ship Do your own due diligence before investing.. =)
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GorgeousOng
Elite |
07-Aug-2013 09:38
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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Cheers!!! At last stablizezzzzz | ||||
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ozone2002
Supreme |
07-Aug-2013 09:31
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Last:0.845 Vol:4204k +0.015
moving up..now 84.5 volume ard 4million..still pretty decent when overall mkt is down gd luck DYODD
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MtFaber
Member |
07-Aug-2013 09:31
Yells: "PRICE may not equal VALUE" |
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Nice rounded bottom formed based on technical chart. Crossed the 20days MA. Hope it will cover the gap at 1.00 to 1.08 eventually. Best of luck. |
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p0emmm
Member |
07-Aug-2013 09:26
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Showing signs of healthy recovery | ||||
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heavenknow
Member |
07-Aug-2013 09:10
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Climbing up early in the morning~
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guoyanyunyan
Elite |
07-Aug-2013 07:47
Yells: "uncertainty always exist" |
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Vard Holdings - two-day non-deal roadshow in Singapore ....We hosted Vard for a two-day non-deal roadshow in Singapore with > 30 analysts and fund managers where interest was strong, with a focus on the negative surprises in Brazil. While Vard has taken a beating post its 2Q13 results, its FY13F valuations at 9.4x P/E and 3.7x EV/EBITDA (ex. construction loans) are attractive.
We expect it to rebound on potential
new orders in Brazil and signs of margin stabilising from 3Q13.
* Provisions taken on best estimates
We estimate Vard took a
~NOK200m provision for the delays and cost overruns in Brazil and
NOK70m in goodwill write-down for Niterói. Making adjustments for the
provisions, operations outside Brazil is stable, with an estimated EBITDA
margin of 10%-11%. Management explained that it has taken the
provisions based on its best assessment of the situation in Brazil and
that it has made significant changes to its productivity assumptions.
Four vessels
are still under construction, with the last unit to be delivered in 4Q2014.
These orders are expected to have zero margins until completion.
* Two more hulls under sub-contract
The LPG hulls will delivered to the company?s new 50.5%-owned shipyard,
Vard Promar, by end-2013 and early-2014. Starting from the third LPG
unit, all major structures will be fabricated in-house, given that Vard
Promar has started its operations in June 2013.
* Potential Brazilian orders valued at up to NOK6bn
Petrobras (PBR)
has awarded charters for three pipelaying support vessels (PLSVs) to
Sapura Navegaca and three PLSVs to Subsea 7. Upstream reported
PBR is in negotiation with Technip-DOF JV to charter four PLSVs with
two 300-tonne units to be built at Vard Promar and two 650-tonne units
at Vard?s yard in Norway. We estimate the total value of these four
PLSVs at around NOK6bn (USD1bn).
* Maintain Buy with $1.10 TP
Vard?s share price has been severely
hit following weak 2Q13 results. However, we see catalysts in the form
of order wins and recovery of investor confidence in the stock once the
worst is proven to be over. |
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eaton1977
Member |
07-Aug-2013 07:44
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Hope to stay above 1 soon | ||||
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guoyanyunyan
Elite |
07-Aug-2013 07:40
Yells: "uncertainty always exist" |
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...with proper formatting... previous post should look like this... Vard suffers from delays and cost overruns in Brazil .... Management likely to have taken a NOK200m provision. According to OSK, it estimates Vard took a ~NOK200m provision for the delays and cost overruns in Brazil and NOK70m in goodwill write-down for Niterói. Making adjustments for the provisions, operations outside Brazil is stable, with an estimated EBITDA margin of 10%-11%. Here's more: Management explained that it has taken the provisions based on its best assessment of the situation in Brazil and that it has made significant changes to its productivity assumptions. NOK650m outstanding orderbook remaining at Niterói. Four vessels are still under construction, with the last unit to be delivered in 4Q2014. These orders are expected to have zero margins until completion. Two more hulls under sub-contract. The liquiefied petroleum gas (LPG) hulls will delivered to the company’s new 50.5%-owned shipyard, Vard Promar, by end-2013 and early-2014. Starting from the third LPG unit, all major structures will be fabricated in-house, given that Vard Promar has started its operations in June 2013. Potential Brazilian orders valued at up to NOK6bn. Petrobras (PBR) has awarded charters for three pipelaying support vessels (PLSVs) to Sapura Navegaca and three PLSVs to Subsea 7. Upstream reported PBR is in negotiation with Technip-DOF JV to charter four PLSVs with two 300-tonne units to be built at Vard Promar and two 650-tonne units at Vard’s yard in Norway. We estimate the total value of these four PLSVs at around NOK6bn (USD1bn). |
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