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brchkho1 Master	24-May-2017 09:36        brchkho1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is a Catalist counter, believe no consolidation requirement. ticktock      ( Date: 23-May-2017 15:10) Posted: consolidation(reverse stock split) is quite a possibility...lots of companies doing so, however that comes at a huge cost to the shareholders take noble/lifebrandz as an example. Another aspect is leadership...someone leading from the front who has his/her deep stake in the organization is always good for the retail shareholders confidence in the stock.
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ticktock Master	24-May-2017 09:30        ticktock About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Yeah quite posaible the real news will be next. RedEye1811      ( Date: 24-May-2017 09:02) Posted: Admit I was wrong. Thought they would have lifted TH this morning. Obviously got something else going on (as per the quarterly report hints or something no clue on). Was expecting them to lift TH this morning but my betting streak not good...not going to MBS anytime soon..
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RedEye1811 Master	24-May-2017 09:02        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Admit I was wrong. Thought they would have lifted TH this morning. Obviously got something else going on (as per the quarterly report hints or something no clue on). Was expecting them to lift TH this morning but my betting streak not good...not going to MBS anytime soon..
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granto Master	23-May-2017 20:07        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	Vallianz secures work for four vessels worth $115m http://splash247.com/vallianz-secures-work-four-vessels-worth-115m/
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RedEye1811 Master	23-May-2017 17:26        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Trying to sound somewhat positive....contract does have some good...they are with clients outside of KSA, and not Amarco...good they not trying to rely on one client...they indicated a year or so ago they trying to get into Eygpt market so least they seem to got it to work... TH still in place could mean they either have something else to announce as as it was close to end of trade they simply leaving it in place and lift by tomorrow morning...as no trading no rush...no like we can buy/sell now if they lifted it now so not really much.... arkan1111      ( Date: 23-May-2017 17:17) Posted: Why should we worry about 111m spread for many yrs?  Halt not yet lifting, may be few more contracts on the way(just a joke).  Important thing is it still explored the new markets ticktock      ( Date: 23-May-2017 16:54) Posted: While its positive news to get new business...for shareholders going long many other questions relating to the individual share value need to be answered.If a big dilution is coming then a new contract of $115 mill spread over many years cannot help much. Looks like Vallianz will fight through as a company but here we also discuss and care about individual shareholder value and that going up looks very challenging.
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newbieliu Elite	23-May-2017 17:26        newbieliu About Contact  Quote this Post!
x 0   x 0  Alert Admin	Don't get JM too as scared by other investors . I hv to hold it as sitting on paper loss and hopefully there will be light at the end of the tunnel . Better tranparency of their accounting and if someone can point it out during AGM as I can never go there zzz. Got new contracts with about 30 million revenue every year is not that bad ... minus the cost mmmm a few million of USD is funking good if it is realised . Then the value will gradually go up if we can hold Long term said 2-3 years ? arkan1111      ( Date: 23-May-2017 17:17) Posted: Why should we worry about 111m spread for many yrs?  Halt not yet lifting, may be few more contracts on the way(just a joke).  Important thing is it still explored the new markets ticktock      ( Date: 23-May-2017 16:54) Posted: While its positive news to get new business...for shareholders going long many other questions relating to the individual share value need to be answered.If a big dilution is coming then a new contract of $115 mill spread over many years cannot help much. Looks like Vallianz will fight through as a company but here we also discuss and care about individual shareholder value and that going up looks very challenging.
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RedEye1811 Master	23-May-2017 17:21        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	LoL...Just in a black mood today...darn boss being a right " let people fill in blank" ...even with contract win still not over the moon... sheerluck      ( Date: 23-May-2017 16:38) Posted: Bro, wake up!!! Mai kun liao.   Lai liao... RedEye1811      ( Date: 23-May-2017 12:13) Posted: You probably right....perhaps I just in a very dark, negative mood today and thinking worst of everything...
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arkan1111 Veteran	23-May-2017 17:17        arkan1111 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why should we worry about 111m spread for many yrs?  Halt not yet lifting, may be few more contracts on the way(just a joke).  Important thing is it still explored the new markets ticktock      ( Date: 23-May-2017 16:54) Posted: While its positive news to get new business...for shareholders going long many other questions relating to the individual share value need to be answered.If a big dilution is coming then a new contract of $115 mill spread over many years cannot help much. Looks like Vallianz will fight through as a company but here we also discuss and care about individual shareholder value and that going up looks very challenging.
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ticktock Master	23-May-2017 16:54        ticktock About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	While its positive news to get new business...for shareholders going long many other questions relating to the individual share value need to be answered.If a big dilution is coming then a new contract of $115 mill spread over many years cannot help much. Looks like Vallianz will fight through as a company but here we also discuss and care about individual shareholder value and that going up looks very challenging.
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arkan1111 Veteran	23-May-2017 16:44        arkan1111 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Gd news. Score 115M new contracts sheerluck      ( Date: 23-May-2017 16:38) Posted: Bro, wake up!!! Mai kun liao.   Lai liao... RedEye1811      ( Date: 23-May-2017 12:13) Posted: You probably right....perhaps I just in a very dark, negative mood today and thinking worst of everything...
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sheerluck Supreme	23-May-2017 16:38        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	Bro, wake up!!! Mai kun liao.   Lai liao... RedEye1811      ( Date: 23-May-2017 12:13) Posted: You probably right....perhaps I just in a very dark, negative mood today and thinking worst of everything... brchkho1      ( Date: 23-May-2017 12:05) Posted: I suspect the TH is relting to RCH' s conversion of the Shaeholders Advances into Shares subject to certain conditions to be fulefilled, the impairments is believed to be part of the conditions. Let' s see if my guess is correct.
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ticktock Master	23-May-2017 15:10        ticktock About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	consolidation(reverse stock split) is quite a possibility...lots of companies doing so, however that comes at a huge cost to the shareholders take noble/lifebrandz as an example. Another aspect is leadership...someone leading from the front who has his/her deep stake in the organization is always good for the retail shareholders confidence in the stock.
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sheerluck Supreme	23-May-2017 13:47        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	If really suspension or JM I will be damn surprise.   I am very critical of it being Swiber II but since last quarter, it starting to show some improvements.   If suddenly JM......no word to say. I was looking at two areas of vallianz:  cashflow and Swiber. So far I am happy with cashflow.   Two more quarters of this strong OCF will be great. Swiber.   Disappointed.   Still 死 缠 着 不 放 。 Now I will get concern about their shares if RCHL do that debt-to-equity swap.   It will really explode the share base.   A consolidation might likely come and we all know the fate of such act.... But if RCHL did do so, doesn' t it make RCHL a major shareholders......GO?   Let see if RCHL is doing this debt-to-equity swap and if they ask for a whitewash like last time.   If not...maybe..... Lastly, I have three ways of seeing Vallianz placing the shareholder' s advance into the equity section. 1.   RCHL committed to the swap 2.   Dressing up their net gearing. 3.   Both. RedEye1811      ( Date: 23-May-2017 11:48) Posted: I am wondering whether them calling for a TH so soon after announcing results is hint they actually going out of business, and this not going to be a suspension and then JM....if they commenced trading now I think from sentiment about the results they be lucky to open at 1c...buy/sell queue seems to be pointing that way...another closing down sale in the sector...
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brchkho1 Master	23-May-2017 12:26        brchkho1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	After that announcement, Vallianz announced on 6 Sep 2016  the changeof the financial ending date to 31 Mar instead of the 31 Dec, is this change another condition to match RHC' financial ending date (Please note of the incorporation of a venture company, RVOS)? brchkho1      ( Date: 23-May-2017 12:19) Posted: Please refer to 14.8.16 annoucement of commitment from RHC for Vallianz brchkho1      ( Date: 23-May-2017 12:05) Posted: I suspect the TH is relting to RCH' s conversion of the Shaeholders Advances into Shares subject to certain conditions to be fulefilled, the impairments is believed to be part of the conditions. Let' s see if my guess is correct.
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brchkho1 Master	23-May-2017 12:19        brchkho1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Please refer to 14.8.16 annoucement of commitment from RHC for Vallianz brchkho1      ( Date: 23-May-2017 12:05) Posted: I suspect the TH is relting to RCH' s conversion of the Shaeholders Advances into Shares subject to certain conditions to be fulefilled, the impairments is believed to be part of the conditions. Let' s see if my guess is correct.
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RedEye1811 Master	23-May-2017 12:13        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	You probably right....perhaps I just in a very dark, negative mood today and thinking worst of everything... brchkho1      ( Date: 23-May-2017 12:05) Posted: I suspect the TH is relting to RCH' s conversion of the Shaeholders Advances into Shares subject to certain conditions to be fulefilled, the impairments is believed to be part of the conditions. Let' s see if my guess is correct.
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brchkho1 Master	23-May-2017 12:05        brchkho1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I suspect the TH is relting to RCH' s conversion of the Shaeholders Advances into Shares subject to certain conditions to be fulefilled, the impairments is believed to be part of the conditions. Let' s see if my guess is correct.
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RedEye1811 Master	23-May-2017 11:48        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	I am wondering whether them calling for a TH so soon after announcing results is hint they actually going out of business, and this not going to be a suspension and then JM....if they commenced trading now I think from sentiment about the results they be lucky to open at 1c...buy/sell queue seems to be pointing that way...another closing down sale in the sector...
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RedEye1811 Master	22-May-2017 12:48        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Not certain how you got $9 mill...I must be looking at wrong numbers... sheerluck      ( Date: 22-May-2017 12:27) Posted: For your point 7, Vallianzis still recognising revenue from Swiber if you looked at 13) IPT transaction.   About US$9mil for this quarter.   Funny given that Swiber already kaput.   I dont think this US$9mil can becollected.   Strange that Vallianz is still doing work for them.     Seems like Swiber foul smell still linger. RedEye1811      ( Date: 22-May-2017 11:57) Posted: LOL...yeah, I should not have used the word " think" ...we " were" well off the mark...I can see some people see the absolute value of the net loss as it plastered across the media and they freaking...but whilst it is " huge" I do feel credit needs to be given for biting the bullet. Let us be honest, Swiber is dead so best they be frank and anything tied to Swiber is worthless so best eliminate it. And a number of the assets sold to them by Swiber (like the shipyard in Tuas/Jurong) are worthless so best be realistic and get off the books. And so other investments they made (the personnel management side) is now dead in water. They stated they streamlining and focusing on core, and credit should be given that in announcing that focus they actually took step to get dead non-core items off the books even if may not have liked it. As for PPE, I not certain how much of the impairment related to vessels with the long-term contracts relative to others such as what they got from the Holmen consolidation. I would imagine the vessels tied to long-term contracts have not been impaired as much as vessels not. I think - though do not quote me - about 70% of their fleet tied to long-term contracts. So I think bulk of PPE impairment may be to the vessels not tied to the long-term contracts. Agree with comment on backing the loss into the retained earnings. Was thinking they would have put it on a separate line. But do not think that necessarily a bad/good thing. Positives: (1) Relative to competitors they at least maintained an operating profit. (2) Given they have taken a big write-down this time including on PPE then going forward the depreciation expense is likely to be lower so net earnings could look better moving forward. (3) The big positive for me was the vast improvement in cash and cash equivalent. At end Q4/2016 it was a bout US$14 mill. Now it US$45 million. They did not get the boost from shareholder advances but rather from receivables etc. Now their cash balance looks much healthier and on par with some other competitors (who whilst have net losses and OPEX losses did have better cash balances). (4) The current ratio is now positive (please do not correct me but when I say positive I just saying current assets higher than current liabilities), and as got break for two years on paying principle for US$168 million of long-term debt then current ratio go good chance of remaining above 1. (5) Their order book is still about US$1 billion so they in a better position than competitors on SGX who really have a stumble on that. (6) In getting rid of much of the dead assets now reduced chance in future so can have some confidence earnings are going to be based on operations etc. (7) From way read it I do not think their revenue is getting anything from Swiber. Could be mistaken on that. But perhaps now got a clearer picture on how they running without Swiber influence. If can make a profit then better than lots of others. (8) As there is signs people are beginning to win contracts (seen a few announcements on Splash of late) then if a recovery is gradually getting roots (though it be slow not fast) then perhaps having bitten the bullet they now in a far better position to move forward with improvements in earnings. (9) And seems like RHC will convert advance to equity - perhaps that good or bad but least can give some certainty moving forward. Happy to be told if views differ. Just how seeing it but happy hear other views. Now for the follow up announcement
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ticktock Master	22-May-2017 12:42        ticktock About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Being realistic about individual shareholders value here, if huge dilution happens by means of another big debt equity swap....shares price will fall further. This is not at all related to any going concern issue...simple loss of value per share compred to its current price, price might go up when the sector recovers and company' s profitability improves considerably. sheerluck      ( Date: 22-May-2017 12:21) Posted: Quick calc on Rawabi debt-to-equity swap.   Owing to Rawabis = US$10mi2mil.   Assuming 2cts, and x-rate of 1.4 that' s about 7billion new shares.   Vallianz has 4.3billion ordinary shares. Don' t think it can be a total swap unless Rawabi is willing to take a higher conversion price or partial swap.   But Vallianz placed all that US$1002 into the equity account...hmm.......how will this turn out?   RedEye1811      ( Date: 22-May-2017 12:13) Posted: I think if read Point 10 you get a fairly clear idea on the RI, Swiber willingness to participate and so forth. The paragraph - whilst not running off to the races - is quite clear. Again, on the Swiber receivables issue read the discussion in Point 10 as suppose that gives some clue to what considering in part. On the guaranteed loans there were 3 banks. 2 had agreed, with discussions with other remaining as per Q4/2016. Perhaps they did not announce anything as it resolved. but accept that still a mystery. But as the 3rd bank not issuing a default by now doubt they really looking to make a grab so think risk not as great as may think. As for 2 lawsuits those probably take years to unravel. Indonesian and Indian courts can take years. So if going to hold the lawsuits as linchpin on this counter then likely going to be waiting long time. If litigation what going to sink this entity then better write of POSH as well as they facing big litigation (see announcement May 3rd) also If read the statements of sector they do focus on challenges, lower utilization and profits but they also beginning to give focus to see greater interest in contracts in coming HY etc. So it not great but not all doom and gloom as may fear.
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