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Vard Holdings
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SFGuyRuleZ
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06-Aug-2013 14:42
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More about Anchor Handling Tug Supply Vessels (just for  general knowledge and educational info): Offshore Anchor Handling is an activity that can be termed as thrilling as well as dreary, tiring, petrifying and more often than not professionally very rewarding. Anchor handling as a whole is able to test the vessel handling proficiency of expert handlers and even the master’s patience to the limits. To better understand and imply such intense vessel handling techniques, one has to devote a lot of time at sea and be constantly focused. Anchor Handlers or Anchor Handling Tug Supply Vessels are very powerful ships that deploy, recover, and shift a sub-sea mooring pattern. These vessels are normally seen working with offshore installations. Either one or a fleet of anchor handlers (AHTS) co-operate with each other and work as a unit. During the demanding operation of Anchor Handling of an offshore installation such as a Drilling unit or even a Semi-Submersible Rig, these offshore vessels are assumed to be ‘slaves’ when assisting the vessels whose anchors are to be worked upon.
Anchor Handling Tug Supply Vessels are super strengthened, purpose built and different from the  harbor  tugs, or even the ocean going ones. The newer anchor handling tugs are built to survive the toughest conditions of the sea, keeping in mind safety, comfort and complete efficiency of the crew. They have limitations and applications of their own, making them the superior choice for sub-sea mooring operations in the offshore Oil and Gas fields.
Similarly, the Anchor Handling Tug Supply Vessel (AHTS) can be used up in diverse applications that are  utilized  in the offshore industry. They can be as follows –
On the contrary, AHTS vessels are only designed to perform certain tasks that are practically impossible for the other specifically designed offshore work boats such as the dedicated Platform Support vessels (PSVs), Multipurpose Platform support vessels (MPSVs) and likewise. Restrictions of these vessels are based upon the type of work to be carried out such as -
Since such jobs are difficult and could endanger lives, taking short cuts, working impatiently, building up frustration and reacting complacently have to be isolated.  The Master and the Crew of such workhorses, hence, have to remain alert at all times and portray swift and positive reactions to avert catastrophic consequences. Extracted from: http://www.marineinsight.com/marine/marine-news/headline/features-applications-and-limitations-of-anchor-handling-tug-supply-vessels-ahts/ |
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SFGuyRuleZ
Veteran |
06-Aug-2013 10:57
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ABOUT VARDVARD  is a major global shipbuilder, constructing offshore and specialized vessels used in the offshore oil and gas exploration & production and oil services industries.
 
Our  core business is innovative design and construction of complex and highly customized OSV's, including PSV's, AHTS's and advanced OSCV's. In addition, we produce specialized vessels such as LNG-powered ferries, naval and coast guard vessels, fishing vessels and non-offshore related icebreakers with customers-specific applications.
Some examples of offshore oil and gas vessels are platform supply vessels (PSVs) and  anchor handling tug supply vessels (AHTSs).
Extracted from wikipedia:
A primary function of a platform supply vessel is to transport supplies to the oil platform and return other cargoes to shore. Cargo tanks for drilling mud, pulverized cement, diesel fuel, potable and non-potable water, and chemicals used in the drilling process comprise the bulk of the cargo spaces. Fuel, water, and chemicals are almost always required by oil platforms.
Anchor Handling Tug Supply (AHTS) vessels are mainly built to handle anchors for oil rigs, tow them to location, anchor them up and, in a few cases, serve as an Emergency Rescue and Recovery Vessel (ERRV). They are also used to transport supplies to and from offshore drilling rigs. AHTS vessels differ from Platform supply vessels (PSVs) in being fitted with winches for towing and anchor handling, having an open stern to allow the decking of anchors, and having more power to increase the bollard pull. The machinery is specifically designed for anchor handling operations. They also have arrangements for quick anchor release, which is operable from the bridge or other normally manned location in direct communication with the bridge. The reference load used in the design and testing of the towing winch is twice the static bollard pull.   Vard can create very specialized vessels catered to the diverse needs of his customers and clients. Whether from Antartica to the northern seas or southern seas, Vard can create specific vessels catered  to each  sea condition and navigation, as well as meet the required precise function of what is to be done and achieved. Apart from building ships, it can also repair and convert ships to meet the needs of his clients. Occasionally, speciailzed naval vessels or icebreakers are also built by Vard. In my opinion, Vard is a ship building company, but also an oil and gas support company. It is niche in it's field, equivalent to Porsche compared to Toyota or Kia if in the car manufacturing business. Currently this Italian girl is not feeling well and need enough rest. Let's not disturb her sleep. lol. =)   |
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heavenknow
Member |
06-Aug-2013 10:24
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Vard building O&G osv right? They are one if the leading builders with their innovative ship designs
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halleluyah
Elite |
06-Aug-2013 10:14
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Gallant is in industrial parks, resorts, property n ultilities business n lately auto mobil.
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jacelin84
Member |
06-Aug-2013 10:06
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It seems like a lot of investors still very ignorant of Vard's business and its interface in the marine industry. Gallant for sure is not into O& G or shipping.
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wendel
Master |
06-Aug-2013 10:06
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Height00 shld reply why his view is as such. Probably he's upset w this ctr lah. Agreed that opportunities abounds when problem arise. 
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Peter_Pan
Supreme |
06-Aug-2013 09:50
![]() Yells: "did you order dunkin' donuts" |
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Hard Times In Brazil But 2Q13 Could Be Bottom - BUY - TP $1.10 - DMG | ||||
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heavenknow
Member |
06-Aug-2013 09:48
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Hmmm, agreed that O&G sector is struggling. But this also is the best time to look for counters with depressed pricing right? It would be silly if we enter a booming mkt when all the counters are trading at a much premium pricing.
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bishan22
Elite |
06-Aug-2013 08:38
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All O& G are struggling. Look at Gallant, IEV, Dyna Mac......the list goes on. Agreed to look for other greener pastures.![]()
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newbie888
Member |
04-Aug-2013 22:20
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It would be nice if senior is able to enlighten us with some facts and figure instead of jus a statement...
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SFGuyRuleZ
Veteran |
04-Aug-2013 03:20
Yells: "You are your own master.." |
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Feel I have the need to be responsible and clarify. Due to this quarter's loss which I assume is one-off and believing that Vard has growth potential in the long run, I value it as a growth company this time round, which is why I added back retained earnings/share to the DCF value, based on the assumption that every dollar of retained earnings/share can translate to every dollar of market value/ share. My valuation may be subjective, but at least is good to clear the air. No intention of influencing anything. Just to share only.. 
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heavenknow
Member |
03-Aug-2013 14:19
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Please share why damn lousy and what are the better counters leh~ Or are you one of the shorters who kanna burnt and want us to help you push price down for you to escape? 
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wendel
Master |
03-Aug-2013 11:29
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Share w us what better choices are there?
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Hawkeye
Veteran |
03-Aug-2013 09:15
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Any idea? :)
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height00
Senior |
03-Aug-2013 08:01
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Vard FA was damn lousy why keep this stock cut and look for better choice | ||||
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Dividend_Warrior
Senior |
02-Aug-2013 23:12
![]() Yells: "I am getting $1100 per month in dividends :)" |
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Hahahahaha!!!! |
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Mardi.tan
Member |
02-Aug-2013 22:55
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Norwegians are having long summer holiday. .must wait and wait before they secure new contract. .if dec coming again they will have another long long holiday. good life for them. How to compete with chinese or Singapore ship yard? Short term play is ok. Long term investor better buy other company. | ||||
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Peter_Pan
Supreme |
02-Aug-2013 11:27
![]() Yells: "did you order dunkin' donuts" |
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Agree with you. 0.90 is a given. 1.00 is my target.
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MtFaber
Member |
02-Aug-2013 11:22
![]() Yells: "PRICE may not equal VALUE" |
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Any idea whether a short squeeze can happen to this counter? If the outstanding shorts area very huge given that Vard had been heavily sold down. If not many willing to sell when good news come, then will there be a massive short covering?   |
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Peter_Pan
Supreme |
02-Aug-2013 10:51
![]() Yells: "did you order dunkin' donuts" |
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My brokers say buy. At what price? You decide. | ||||
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