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Fintrade Member	17-Nov-2017 15:55        Fintrade About Contact  Quote this Post!
x 0   x 0  Alert Admin	If Fincantieri offers slightly higher like 55 Singapore cents to delist Vard, may consider yes.
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nooovva Member	14-Nov-2017 23:33        nooovva About Contact  Quote this Post!
x 0   x 0  Alert Admin	The only way to stop this abuse is to: 1. Turn up at the EGM and vote " No" . Since Fincantieri has ~80% already, we need about 8.8% to vote against the delisting.  2. Write to SIAS and complain about exploitation of minority shareholders 3. Write in to SGX to ensure that the Independent Financial Advisor does a proper job of evaluating the offer price.
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shadow Veteran	14-Nov-2017 23:29        shadow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Here's more from DBS Equity Research: While the offer price looks fair to us, given it is almost the same as our target price for Vard, it remains to be seen whether those shareholders who did not tender in the earlier round will agree to the delisting and Exit Offer this time around, given the pricing is about the same. However, it must be noted that Vard?s share price has not moved significantly since the close of the last offer, despite improvement in oil price, as its earnings are still in the red, and outlook for order wins is not that rosy either. The shares have been quite illiquid as well, with only 175,437 shares on average being traded on days with trading activity over the last six months, representing just 0.07% of the total free float. Thus, this might create an incentive for shareholders to accept the offer this time. Dormant shareholders may increase the chances of the delisting resolution being successfully carried out at the EGM, whereupon dissenting shareholders may not want to hold on to shares in a private company.
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Smksmk Member	14-Nov-2017 23:11        Smksmk About Contact  Quote this Post!
x 0   x 0  Alert Admin	SGX should really disallow this predatory approach that completely disregards long term shareholders. A take over exercise just concluded recently and Fincantieri is able to launch another attempt yet again. This time they' re just using their recently acquired majority stake to run over the minority shareholders. How could this be rationally be allowed?
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shadow Veteran	14-Nov-2017 17:42        shadow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Say ' no' is not enough, minority holders must show in action... must make a trip to vote ' No' .. if cannot garner 10% or more ' No' then Fincantieri will have > 75% to pass the EGM to force exit delisting! SGX will not do anything to protect minor shareholders interest , cannot count on SGX.  angmohlin      ( Date: 13-Nov-2017 19:17) Posted: Hi all the minority shareholders please spread the word out " say no" to Fincantieri. I definitely to vote against such unreasonable offer.
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shadow Veteran	14-Nov-2017 17:17        shadow About Contact  Quote this Post!
x 0   x 0  Alert Admin	http://www.businesstimes.com.sg/companies-markets/brokers-take-vards-illiquid-shares-may-incentivise-shareholders-to-accept-parent THE proposed voluntary delisting via an exit offer for Vard Holdings by parent company Fincantieri Oil & Gas SpA at 25 Singapore cents in cash per share " looks fair" but it remains to be seen whether the shareholders who did not accept the earlier offer a year ago will agree given that the pricing is about the same, said DBS Group Research. Ask them go fly kite... " looks fair" ?? Trying to instigate minority shareholders to let go at 25cts... All those who holds on to Vard should fight on .. DBS Research trying to confuse shareholders  The research house also pointed out that Vard shares have been quite illiquid with only 175,437 shares on average being traded on days with trading activity over the last six months representing just 0.07 per cent of the total free float. This might create an incentive for shareholders to accept the offer this time, it added
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Fintrade Member	14-Nov-2017 13:40        Fintrade About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dishonorable management and owners of Fincantieri. They are pushing hard to relish on Vard all for themselves with the turnaround clearly in sight. Kudos.
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angmohlin Veteran	13-Nov-2017 19:17        angmohlin About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	Hi all the minority shareholders please spread the word out " say no" to Fincantieri. I definitely to vote against such unreasonable offer.
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shadow Veteran	13-Nov-2017 17:42        shadow About Contact  Quote this Post!
x 0   x 0  Alert Admin	They think we minority holders are all dumbf ..!! Last time they can even pay $1.22 per shares (for vard 50%+ or so )   to takeover now want to pay just peanuts to buy us out...  If Fincanteri is serious about delisting they should up their offer in a generous way to buy out the rest ... 24cts to 25 cts ... pui pui pui !!! cheapskate Italian ! Try harder ! Looking at it Vard business is starting to show signs of turning around, now they just   taking advantage to delist and paying peanuts !   luvkarena      ( Date: 13-Nov-2017 11:58) Posted: f them... delisting in such depressed price... I will go to vote against... .tamadee.. shadow      ( Date: 13-Nov-2017 09:43) Posted: Fincanteri chu pattern again !!! Voluntarily Delisting application .. if SGX agrees to it then game over for all minority shareholders like us .. taken for a ride again !! If I read correctly the Delisting condition : EGM approved by majority of 75% not being voted against by 10 percent !!! Like that minority shareholders vote for what . EGM confirms approved Delisting proposal .. Back to SGX , if SGX approved then bye bye. But I will still fight on as a minority holders right . This is a typical play unfair play to minority holders. 24cents not successful no play 25cts to delist .. wtf
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shadow Veteran	13-Nov-2017 17:20        shadow About Contact  Quote this Post!
x 0   x 0  Alert Admin	100% I sure going to vote against it !  angmohlin      ( Date: 13-Nov-2017 14:21) Posted: I am very sure that the minority shareholders will vote against the delist proposal. Foresee if they fail to delist it then they will apply their strategy by keeping the market price low for long time until you surrender. In fact they have collected may shares (some retailers gave up) after they have failed in general offer. Patience is the key to win to game. luvkarena      ( Date: 13-Nov-2017 11:58) Posted: f them... delisting in such depressed price... I will go to vote against... .tamadee.
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katak88 Master	13-Nov-2017 14:47        katak88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Fincantieri makes another bid to delist Vard offers S$0.25 per share Mon, Nov 13, 2017 - 8:16 AM UPDATED Mon, Nov 13, 2017 - 9:10 AM THE majority shareholder of Vard Holdings is making another bid to privatise the shipbuilder after minority shareholders rejected its earlier offer. Italy' s Fincantieri SpA, which holds a 79.34 per cent stake in Vard through a subsidiary, is now offering 25 Singapore cent per for every share it does not own, one cent more than its previous offer, which closed in January. Its current bid is being made in the form of an exit offer as part of a proposed voluntary delisting. Its offer price is set at Vard' s last traded price of 25 Singapore cents per share on Friday. It also represents a 0.9 per cent discount to the one-month volume-weighted average price of the stock, and a 0.5 per cent premium to the net tangible asset per share as at Sept 30.
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angmohlin Veteran	13-Nov-2017 14:21        angmohlin About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	I am very sure that the minority shareholders will vote against the delist proposal. Foresee if they fail to delist it then they will apply their strategy by keeping the market price low for long time until you surrender. In fact they have collected may shares (some retailers gave up) after they have failed in general offer. Patience is the key to win to game. luvkarena      ( Date: 13-Nov-2017 11:58) Posted: f them... delisting in such depressed price... I will go to vote against... .tamadee.. shadow      ( Date: 13-Nov-2017 09:43) Posted: Fincanteri chu pattern again !!! Voluntarily Delisting application .. if SGX agrees to it then game over for all minority shareholders like us .. taken for a ride again !! If I read correctly the Delisting condition : EGM approved by majority of 75% not being voted against by 10 percent !!! Like that minority shareholders vote for what . EGM confirms approved Delisting proposal .. Back to SGX , if SGX approved then bye bye. But I will still fight on as a minority holders right . This is a typical play unfair play to minority holders. 24cents not successful no play 25cts to delist .. wtf
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luvkarena Member	13-Nov-2017 11:58        luvkarena About Contact  Quote this Post!
x 0   x 0  Alert Admin	f them... delisting in such depressed price... I will go to vote against... .tamadee.. shadow      ( Date: 13-Nov-2017 09:43) Posted: Fincanteri chu pattern again !!! Voluntarily Delisting application .. if SGX agrees to it then game over for all minority shareholders like us .. taken for a ride again !! If I read correctly the Delisting condition : EGM approved by majority of 75% not being voted against by 10 percent !!! Like that minority shareholders vote for what . EGM confirms approved Delisting proposal .. Back to SGX , if SGX approved then bye bye. But I will still fight on as a minority holders right . This is a typical play unfair play to minority holders. 24cents not successful no play 25cts to delist .. wtf
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sheerluck Supreme	13-Nov-2017 10:01        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Based on Fincanteri latest filing, they already owned 79% of VARD and during the last VGO they likely have some fund collect for them in the open market.    They are likely to repeat the same tactics.  Sooner or later, Fincanteri will gathered enough to force a compulsory delist. Quite frankly, I think there will be any  significant price explosion so no point holding on to this one.    sheerluck      ( Date: 24-Mar-2017 00:31) Posted: Already suspected MVN is acting in cahoot with Fincanteri.   There is no concrete evidence but they are " associates" of VARD as disclcosed.   Then since 20 Mar to today, level of acceptance for Fincanteri increased by 42.6mil shares while MVN holding dropped by 42.5mil shares.   Coincidence? Based on the latest disclosure, Fincanteri might obtained up to 73.43%.   However, MVN still holds another 30million shares.   If these all surrender to Fincanteri, they will have about 76% in total.   They can apply for delisting once their holding cross 75%. I think Fincanteri have carefully devised their plan. sheerluck      ( Date: 03-Feb-2017 13:39) Posted: It was mentioned in the dealing disclosure that MVN is an associate of the company (VARD). 2 DEALINGS DISCLOSURE Pursuant to Rule 12.1 of the Singapore Code on Take-overs and Mergers, the Company wishes to report the following dealings in Shares of the Company by MVN Asset Management Limited, an associate of the Company, for the account of discretionary investment clients So what does MVN accumulation really means?
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shadow Veteran	13-Nov-2017 09:43        shadow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Fincanteri chu pattern again !!! Voluntarily Delisting application .. if SGX agrees to it then game over for all minority shareholders like us .. taken for a ride again !! If I read correctly the Delisting condition : EGM approved by majority of 75% not being voted against by 10 percent !!! Like that minority shareholders vote for what . EGM confirms approved Delisting proposal .. Back to SGX , if SGX approved then bye bye. But I will still fight on as a minority holders right . This is a typical play unfair play to minority holders. 24cents not successful no play 25cts to delist .. wtf
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iuhne00 Member	13-Nov-2017 08:29        iuhne00 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I have some shares and would like to reject the offer. Would I be given another chance to accept if they managed to get 90%?
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Berani Elite	13-Nov-2017 08:18        Berani About Contact  Quote this Post!
x 0   x 0  Alert Admin	offer so litte only sia NextEvolution      ( Date: 13-Nov-2017 07:36) Posted: Proposed delisting offer at 25 cents a share just announced Cjsing1      ( Date: 03-Oct-2017 16:35) Posted: So quiet after the failure in the buy over process ??? Is it trying to tell us something ?
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NextEvolution Elite	13-Nov-2017 07:36        NextEvolution About Contact  Quote this Post!
x 0   x 0  Alert Admin	Proposed delisting offer at 25 cents a share just announced Cjsing1      ( Date: 03-Oct-2017 16:35) Posted: So quiet after the failure in the buy over process ??? Is it trying to tell us something ?
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Cjsing1 Member	03-Oct-2017 16:35        Cjsing1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So quiet after the failure in the buy over process ??? Is it trying to tell us something ?
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sheerluck Supreme	29-May-2017 18:08        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	VARD just comfirmed another contract.   If Fincanteri never itch backside want to VGO, price would have being easily 30cts by now.   Now I rather their VGO is successful.
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