Back

Latest Forum Topics / Vallianz    Last:0.056 --

Post Reply

Starhub Post Reply Rate topic
sheerluck Supreme	15-May-2017 16:12        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	Vallianz has long-term charter contract lasting till 2022/2023 (can' t rem) so revenue is not its current problem. The two issues it faces are: 1.   its  connection with Swiber.   Until now still cannot see Vallianz account independent of Swiber' s contributions.   2.   always good profit but always poor cashflow.   Need to know why. Hope to see coming Q results has close to zero Swiber' s lingering bad smell.....
Useful To Me  Not Useful To Me
ticktock Master	15-May-2017 15:48        ticktock About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	If no new contracts/business for O& G support sector then how will they survive, already burning cash so fast, new shallow and deep water/ near shore/ offshore exploration and rig building initiatives are required and this has to happen fast  else many more will fall.
Useful To Me  Not Useful To Me
RedEye1811 Master	15-May-2017 13:26        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Still beg to differ on some extents. A production boost would help ONLY if it is going to be sustainable and not overwhelm the market with fresh supplies. As said previous post, if KSA, for example, decided tomorrow to go for free-for-all on oil production along with everyone else, then all that will happen is the market will be again swamped with additional supplies of oil that will overwhelm demand. Basic end result is if suppy outstripping demand then oil prices decline. When KSA were producing at their peak in July/August 2016 they put out 10.67 million bpd. At that time oil was US$42. On that they made US$448 million. Now they producing about 10.02 million bpd. Oil today about US$48 per barrel. On that basis they making US$481 million. So when producing like mad they made less per day than now. Assuming same cost to produce they make more profit now than when producing at maximum. If your client producing like crazy but making less money then (a) will they no try and make you reduce your costs? (b) will they be able to pay up faster or slower? and (c) if they making less money, how they going to take leap to do more exploration? So while the current production cuts may not be desirable, it is providing a base and potentially providing an increase revenue to producers than if producing like crazy, and with the additional revenue it may help them to pay up quicker (thus helping cash flows), allow money to be put away for future exploration and give the producer confidence to enter into new contracts. If oil prices flying all over the place a producer likely demand greater cuts from OSVs and be more reluctant to enter into new contracts due to uncertainty.  ticktock      ( Date: 15-May-2017 12:23) Posted: OPEC urther production cuts will not help OSV....these counters will rise on the exploration and production boost.
Useful To Me  Not Useful To Me
ticktock Master	15-May-2017 12:23        ticktock About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	OPEC urther production cuts will not help OSV....these counters will rise on the exploration and production boost.
Useful To Me  Not Useful To Me
RedEye1811 Master	09-May-2017 18:33        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	And do not misinterpret...righting the ship for the OSV sector is a complex issue with number of moving parts and production cuts are only one potential component of the puzzle...to get the OSV sector up and going faster requires a range of components to work in collection (e.g., production not to rise extensively leading to further supply builds, enough production to keep OSV firms in business, OSV owners having enough courage to de-commission old vessels, sufficient price of oil to get money in bank for producers to feel comfortable to increase CAPEX and so forth). It a complex issue. RedEye1811      ( Date: 09-May-2017 18:11) Posted: I beg to differ with you. If OPEC said tomorrow it a free-for-all and every OPEC member began to pump like crazy how do you think this will impact the OSV sector? Will increase in poduction lead to new charter orders? When they were going flatout before the production cuts did it lead to more contracts? If they start production like crazy where all the new oil going to go? It will merely drive up oil in storage and crash the oil price. If oil price crashes revenue of the oil producers reduced...so you think they going to hand out new contracts. If the production cuts can actually lead to a proper and effective re-balancing complemented by major drawdowns (which sadly not happening at the moment) whilst maintaining a floor then this give producers more reserves to divert to CAPEX to begin to increase exploration etc to try and improve oil discoveries that been very low and declining to replace oil reserves. The OSV sector does not need more production it needs people to begin increasing CAPEX etc. Turning on the production taps will do nothing but to add to a bloated supply that will depress prices further meaning less money for CAPEX. ticktock      ( Date: 09-May-2017 09:57) Posted: With Opec maintaining cut...will mean a longer turnaround time for the sector...not sure how the companies under heavy debt will survive...OSV sector needs new charter orders...and they do not seem to be coming anytime soon. Not sure whats the cash flow situation at Vallianz. Further dilution cannot be ruled out.
Useful To Me  Not Useful To Me
RedEye1811 Master	09-May-2017 18:11        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	I beg to differ with you. If OPEC said tomorrow it a free-for-all and every OPEC member began to pump like crazy how do you think this will impact the OSV sector? Will increase in poduction lead to new charter orders? When they were going flatout before the production cuts did it lead to more contracts? If they start production like crazy where all the new oil going to go? It will merely drive up oil in storage and crash the oil price. If oil price crashes revenue of the oil producers reduced...so you think they going to hand out new contracts. If the production cuts can actually lead to a proper and effective re-balancing complemented by major drawdowns (which sadly not happening at the moment) whilst maintaining a floor then this give producers more reserves to divert to CAPEX to begin to increase exploration etc to try and improve oil discoveries that been very low and declining to replace oil reserves. The OSV sector does not need more production it needs people to begin increasing CAPEX etc. Turning on the production taps will do nothing but to add to a bloated supply that will depress prices further meaning less money for CAPEX. ticktock      ( Date: 09-May-2017 09:57) Posted: With Opec maintaining cut...will mean a longer turnaround time for the sector...not sure how the companies under heavy debt will survive...OSV sector needs new charter orders...and they do not seem to be coming anytime soon. Not sure whats the cash flow situation at Vallianz. Further dilution cannot be ruled out.
Useful To Me  Not Useful To Me
ticktock Master	09-May-2017 09:57        ticktock About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	With Opec maintaining cut...will mean a longer turnaround time for the sector...not sure how the companies under heavy debt will survive...OSV sector needs new charter orders...and they do not seem to be coming anytime soon. Not sure whats the cash flow situation at Vallianz. Further dilution cannot be ruled out.
Useful To Me  Not Useful To Me
mogambo Senior	08-May-2017 01:51        mogambo About Contact  Quote this Post!
x 0   x 0  Alert Admin	it is fundamentally undervalued and technically undervalued too and on verge of breakout on daily charts. All probability will close over 0.02 and then on uptrend should converge on 50 sma 0.025 on weekly charts over a period of   next few months.   debt to equity ratio has improved after debt restructuring and negotiatiations with all the 3 banks.
Useful To Me  Not Useful To Me
RedEye1811 Master	07-May-2017 19:53        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	You may be correct. But to get to those left may require more than the profit guidance. Various other OSV/O& G firms have reported substantial impairments that led to net losses Q4/2016 and FY/2016. Upon those announcement the stock of those firms did not fall in the ground. Actually some rose. Just as you stated the news is ' expected' . If it ' expected' then the price of impairments should have been priced in current price thus, the announcement should not necessarily lead to a quick dump to levels you suggest. The need to do impairments given it is industry wide is not unexpected. So in announcing the profit guidance should not come as a surprise and should have been priced in. PACC announced Q1/2017 results with substantial losses which were not the result of impairments. The stock price of PACC reacted very little. So using that as a barometer the fact this counter is still expecting to show profit excluding the write-downs would place it in a better position than PACC. So if PACC did not fall off cliff when announced write-offs in Q4/2016 and then again for Q1/2017 then falling off the cliff for this counter is not a certainty. If oil market continues to have problems going into 2017 and 2018 then this probably going to be the downside drive. But be interesting to see. You may indeed be right but given reaction to other competitors announcing write-offs/losses earlier in the year it may not do much as the event expected and priced in. Thinkvest      ( Date: 06-May-2017 21:09) Posted: An expected bad news, given the gloomy outlook of the sector, quite possible the share price drops to the .00x levels.
Useful To Me  Not Useful To Me
RedEye1811 Master	07-May-2017 19:35        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	In respect to your point on on write-down of investments, again I need to differ on some aspects of what you wrote. I agree that the write-down of an investment can indeed lead to further erotion if there is further impairments. However you write " the investments will continue to erode the net worth ie NTA value of the company" that clearly infers and assumes a one directional focus. This is a misnomer. There is no ' guarantee' as you infer that the investment will continue to erode. If the investment been reduced to zero and discontinued how can it continue to erode? Furthermore, if the business environment picked up and it enhanced the business operations of the that investment then this can lead to gains not losses. So how does it erode? So whilst I agree that if further losses occur additional write-downs may be necessary that would impact NTA, there is however, no absolute that these losses will continue. Thus, it is inaccurate and misleading to say " the investment will continue to erode the net worth." It may  but it may just as likely not or it may reverse. Need to be clear there is both side of the coin.   papayaface      ( Date: 06-May-2017 10:16) Posted: Just a comment so that those vested should celebrate. On the write-downs, i beg to differ in opinion as write down in goodwill means that the investment was purchased at a premium, hence overpaid. And wirte-down in investments means investments no longer worth the cost paid, mainly because of losses susained. It may need to be written down further should losses continue. So while it is non-cash, the investments will continue to erode the net worth ie NTA value of the company. Good luck   RedEye1811      ( Date: 06-May-2017 08:43) Posted: In reality the write-down on goodwill, fixed assets and investment is not an unexpected point. To my knowledge for FY 2016 every competitor (e.g., PACC, Pac Rad, etc) and O& G firm (like Ezion) took hefty write-downs. Correct me if wrong but would have looked very strange if these guys did not do it and everyone else did? If they did not take the action then I would be really question things if the auditors said nothing. They did indicate that without the write-downs they still expect to acheive operating profitability which is (if true) a lot better than other (see PACC results for Q1/2017?). So that at least a potential good tick. And mgmt not shying away from making the announcement on guidance a fair time ahead of the formal announcement. Announced May 5 but they say announcement on results not till May 22. A number of firms do not give guidance on a loss (see PACC as example if I not wrong) and often they give the guidance with very short time to the announcement. In this case over 2 weeks away. So they not running from issue so tend to give them some credit for that. So whilst negative with a loss FP2016 and Q1/2017 it non-cash driven, they still expect an operating profit excluding the non-cash write-downs and they gave fair notice. Now I wish to see the cashflow statement and full B/S to judge more.
Useful To Me  Not Useful To Me
RedEye1811 Master	07-May-2017 19:21        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	In respect to your point on goodwill I beg to differ. By mere definition the fact that " goodwill" arises explicitly indicates that a premium is being paid. A basic definition of goodwill is " goodwill is an intangible asset that arises as a result of an aquisition of an asset/company by an entity for a premium value (e.g., for more than what asset/company' s net assets are worth)" So the of writing down goodwill is not an indication investment was purchased at a premium. The simply fact goodwill exists is the indication a premium was paid in the very beginning. Judging whether the investment itself was or was not good is a separate thing, and the write-down is applicable to that question. papayaface      ( Date: 06-May-2017 10:16) Posted: Just a comment so that those vested should celebrate. On the write-downs, i beg to differ in opinion as write down in goodwill means that the investment was purchased at a premium, hence overpaid. And wirte-down in investments means investments no longer worth the cost paid, mainly because of losses susained. It may need to be written down further should losses continue. So while it is non-cash, the investments will continue to erode the net worth ie NTA value of the company. Good luck   RedEye1811      ( Date: 06-May-2017 08:43) Posted: In reality the write-down on goodwill, fixed assets and investment is not an unexpected point. To my knowledge for FY 2016 every competitor (e.g., PACC, Pac Rad, etc) and O& G firm (like Ezion) took hefty write-downs. Correct me if wrong but would have looked very strange if these guys did not do it and everyone else did? If they did not take the action then I would be really question things if the auditors said nothing. They did indicate that without the write-downs they still expect to acheive operating profitability which is (if true) a lot better than other (see PACC results for Q1/2017?). So that at least a potential good tick. And mgmt not shying away from making the announcement on guidance a fair time ahead of the formal announcement. Announced May 5 but they say announcement on results not till May 22. A number of firms do not give guidance on a loss (see PACC as example if I not wrong) and often they give the guidance with very short time to the announcement. In this case over 2 weeks away. So they not running from issue so tend to give them some credit for that. So whilst negative with a loss FP2016 and Q1/2017 it non-cash driven, they still expect an operating profit excluding the non-cash write-downs and they gave fair notice. Now I wish to see the cashflow statement and full B/S to judge more.
Useful To Me  Not Useful To Me
Thinkvest Senior	06-May-2017 21:09        Thinkvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	An expected bad news, given the gloomy outlook of the sector, quite possible the share price drops to the .00x levels.
Useful To Me  Not Useful To Me
papayaface Supreme	06-May-2017 10:16        papayaface About Contact  Quote this Post!   Yells: "This is the best time to enter....when everythings uncertain"
x 0   x 0  Alert Admin	Just a comment so that those vested should celebrate. On the write-downs, i beg to differ in opinion as write down in goodwill means that the investment was purchased at a premium, hence overpaid. And wirte-down in investments means investments no longer worth the cost paid, mainly because of losses susained. It may need to be written down further should losses continue. So while it is non-cash, the investments will continue to erode the net worth ie NTA value of the company. Good luck   RedEye1811      ( Date: 06-May-2017 08:43) Posted: In reality the write-down on goodwill, fixed assets and investment is not an unexpected point. To my knowledge for FY 2016 every competitor (e.g., PACC, Pac Rad, etc) and O& G firm (like Ezion) took hefty write-downs. Correct me if wrong but would have looked very strange if these guys did not do it and everyone else did? If they did not take the action then I would be really question things if the auditors said nothing. They did indicate that without the write-downs they still expect to acheive operating profitability which is (if true) a lot better than other (see PACC results for Q1/2017?). So that at least a potential good tick. And mgmt not shying away from making the announcement on guidance a fair time ahead of the formal announcement. Announced May 5 but they say announcement on results not till May 22. A number of firms do not give guidance on a loss (see PACC as example if I not wrong) and often they give the guidance with very short time to the announcement. In this case over 2 weeks away. So they not running from issue so tend to give them some credit for that. So whilst negative with a loss FP2016 and Q1/2017 it non-cash driven, they still expect an operating profit excluding the non-cash write-downs and they gave fair notice. Now I wish to see the cashflow statement and full B/S to judge more.  sheerluck      ( Date: 05-May-2017 20:55) Posted: Issued profit guidnace liao.....impairment on goodwills, fixed assets and investment.   Good move by mgmt.   Bite the bullet now and face the reality.   Then tml will be better.
Useful To Me  Not Useful To Me
RedEye1811 Master	06-May-2017 08:43        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	In reality the write-down on goodwill, fixed assets and investment is not an unexpected point. To my knowledge for FY 2016 every competitor (e.g., PACC, Pac Rad, etc) and O& G firm (like Ezion) took hefty write-downs. Correct me if wrong but would have looked very strange if these guys did not do it and everyone else did? If they did not take the action then I would be really question things if the auditors said nothing. They did indicate that without the write-downs they still expect to acheive operating profitability which is (if true) a lot better than other (see PACC results for Q1/2017?). So that at least a potential good tick. And mgmt not shying away from making the announcement on guidance a fair time ahead of the formal announcement. Announced May 5 but they say announcement on results not till May 22. A number of firms do not give guidance on a loss (see PACC as example if I not wrong) and often they give the guidance with very short time to the announcement. In this case over 2 weeks away. So they not running from issue so tend to give them some credit for that. So whilst negative with a loss FP2016 and Q1/2017 it non-cash driven, they still expect an operating profit excluding the non-cash write-downs and they gave fair notice. Now I wish to see the cashflow statement and full B/S to judge more.  sheerluck      ( Date: 05-May-2017 20:55) Posted: Issued profit guidnace liao.....impairment on goodwills, fixed assets and investment.   Good move by mgmt.   Bite the bullet now and face the reality.   Then tml will be better.
Useful To Me  Not Useful To Me
sheerluck Supreme	05-May-2017 20:55        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	Issued profit guidnace liao.....impairment on goodwills, fixed assets and investment.   Good move by mgmt.   Bite the bullet now and face the reality.   Then tml will be better.
Useful To Me  Not Useful To Me
Stocky901 Supreme	05-May-2017 20:52        Stocky901 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Jialat. Profit guidance given. Expect significant net losses.. Xi liao..
Useful To Me  Not Useful To Me
RedEye1811 Master	25-Apr-2017 19:11        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Don' t get me wrong...this counter does have issues - namely points connected to Swiber but as that well documented no need rehash....prob with this counter is it has managed to do go stuff to get into a better position relative to other counters in sector such as not having notes payable due anymore, much healthy order book than others so fleet utilization much better and so forth...but sadly it got those negatives....so whilst listed positives in prior post please understand I feel this counter is a mixed bag of good points but bad points.... Going to be interesting to see what quarterly results are.... RedEye1811      ( Date: 25-Apr-2017 18:27) Posted: But admit can be too harsh...they did say they were going to use it for WC...if they sat on it then can raise eyebrows...if they used the $3.6 mill to ensure got down immediate needs that could have cause issues then suppose that the point....perhaps rather than use cash on hand prior to the investment they simply used the investment first rather than sit on it... With coming quarterly report a big question will be its cash position relative to prior quarter...and also current ratio....positives should be (1) this year they not paying any interest on notes payable (unlike a lot of other competitors), (2) they no longer have notes payable, (3) they closed down the operations in SG as noted at end of Dec 2016 so hopefully saving, (4) they got big relief from recent debt restructuring, and (5) they did get this investment. The crunch, however, will be the impairments.... ticktock      ( Date: 25-Apr-2017 18:08) Posted: Agree money all used up and 3+million in working capital. Whats next?
Useful To Me  Not Useful To Me
RedEye1811 Master	25-Apr-2017 18:27        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	But admit can be too harsh...they did say they were going to use it for WC...if they sat on it then can raise eyebrows...if they used the $3.6 mill to ensure got down immediate needs that could have cause issues then suppose that the point....perhaps rather than use cash on hand prior to the investment they simply used the investment first rather than sit on it... With coming quarterly report a big question will be its cash position relative to prior quarter...and also current ratio....positives should be (1) this year they not paying any interest on notes payable (unlike a lot of other competitors), (2) they no longer have notes payable, (3) they closed down the operations in SG as noted at end of Dec 2016 so hopefully saving, (4) they got big relief from recent debt restructuring, and (5) they did get this investment. The crunch, however, will be the impairments.... ticktock      ( Date: 25-Apr-2017 18:08) Posted: Agree money all used up and 3+million in working capital. Whats next?
Useful To Me  Not Useful To Me
ticktock Master	25-Apr-2017 18:08        ticktock About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Agree money all used up and 3+million in working capital. Whats next?
Useful To Me  Not Useful To Me
RedEye1811 Master	25-Apr-2017 17:55        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	It was a disappointing close...not fallen to 1.8c since January....now fallen below the 50,100 and 200 MA by a bit...was all converging on 1.9c...but as no one is queued at 1.9c does not feel much of a push to send it lower and the 1.8c just because someone ' just needed' to sell 5000 shares...but 1.9c seems to be the sticking point at moment...oil prices cannot make its mind on whether to go up or down....so it not giving direction... And they have not announced anything positive or negative...they just announced how they used proceeds from investment in January...concerning $3.6 mill used up so quick in WC...but interesting to know what they used balance to strengthen strategic alliances/JVs meant... So patience is name and just hope it sticks at 1.9c and eventually bounces up...but as O& G sector very dead suppose not that bad.. Blue-sky      ( Date: 25-Apr-2017 17:37) Posted: waiting waiting ....hope not 12 or 24 months ... brchkho1      ( Date: 25-Apr-2017 16:25) Posted: Be patience.  Q up and waiting to ...... fly, just like the planes in the airport.
Useful To Me  Not Useful To Me

                                                         First   < Newer   5281-5300 of 5653   Older>   Last