Latest Forum Topics / Vallianz Last:0.03 -- |
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Vallianz after consolidation...
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Joelton
Supreme |
25-Jul-2020 10:34
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Vallianz, Hiap Tong warn of FY2020 loss on asset impairments
 
OFFSHORE support vessel provider Vallianz Holdings and crane specialist Hiap Tong Corporation on Thursday warned of losses for their 12 months ended March 31.
 
Catalist-listed Vallianz said it is expecting to record non-cash impairment expenses for certain assets in FY2020, comprising fixed assets and recoverability of prepayments, following an in-depth evaluation of the carrying value of these assets.
 
The evaluation was conducted " in light of the continued challenges and slow recovery in the offshore and marine market" , it said.
 
The group also expects to record a compensation expense for late delivery of vessels, it added. As a result, it expects to " continue to post a significant net loss" for FY2020.
 
Vallianz reported a US$128.2 million loss for fiscal 2019, against a profit of US$16.7 million for 2018. It will release its results on July 29.
 
Meanwhile, Hiap Tong said it expects to sink into the red for FY2020, mainly due to the need to make a provision for an impairment loss on its fixed assets.
 
The Catalist-listed company reported a profit of S$2.25 million for fiscal 2019, from S$1.18 million the year before. It will release its results on or before July 29.
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Joelton
Supreme |
07-Jul-2020 09:04
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 Vallianz Holdings defers distribution for US$22.5m perpetual securities
 
OFFSHORE support-vessel owner and operator Vallianz Holdings said it will exercise its rights to defer a distribution to perpetual securities holders that was due on Monday.
 
Vallianz had issued US$22.5 million worth of senior perpetual securities, carrying a 4 per cent coupon, as part of its S$500 million multi-currency debt-issuance programme.
 
In a bourse filing on Monday, the company said this had been on the basis that in the preceding 12 months, there was no dividend distribution or other payment that has been paid or declared by the company. 
 
In addition, none of the company&rsquo s junior obligations should have been redeemed, reduced, cancelled, bought back or acquired by the company.
 
In 2018, Vallianz too exercised its rights to defer the payment of distributions for its US$22.5 million 4 per cent senior perpetual securities.
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Joelton
Supreme |
03-Jun-2020 10:10
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Rawabi Vallianz Offshore Services to acquire PT Vallianz Offshore Maritim' s debtsTUE, JUN 02, 2020 - 7:00 PM OFFSHORE support vessel (OSV) owner-operator  Vallianz  Holdings said on Tuesday that  Rawabi Vallianz Offshore Services (RVOS) has agreed to acquire all the debts owed by associate  PT Vallianz Offshore Maritim (PTVOM) to  Caterpillar Financial Services Asia and Caterpillar Financial Australia. PTVOM is 49 per cent-owned by Vallianz. The debts to be acquired amount to  approximately US$30 million as at May 31. RVOS will acquire these debts  for a total consideration of not more than 50 per cent of the outstanding amount. Upon completion,  the corporate guarantee and security in relation to these debts acquired by RVOS will be assigned by the lenders to RVOS. RVOS, a company incorporated in Saudi Arabia, is a 50 per cent joint-venture of Vallianz, which is jointly owned by Rawabi Holding Company (RHC), the controlling shareholder of Vallianz. The lenders had previously extended financing facilities to PTVOM, which were guaranteed by the Vallianz group and secured on five vessels of PTVOM. The debt purchase means that the group will be released from these corporate guarantees, which will give Vallianz greater flexibility in deploying these five vessels in the Middle East and North African regions, it said. https://www.businesstimes.com.sg/companies-markets/rawabi-vallianz-offshore-services-to-acquire-pt-vallianz-offshore-maritims-debts |
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shadow11
Veteran |
02-Jan-2020 16:20
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Dare Dare buy. Huat ah |
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shadow11
Veteran |
02-Jan-2020 14:29
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Actually if u know how to count their Finacial result. Order book at 500 million. That is half a billion. At current price it's damm cheap. Eh close eye buy and wait. Offshore counter all taking off. |
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Mersingboy
Member |
04-Apr-2019 11:37
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somthing brewing with this counter you think? maybe some catch up ?   |
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fierine
Member |
24-Jan-2019 22:15
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Anyone vested?
http://vallianz.listedcompany.com/news.html/id/697080 |
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fierine
Member |
24-Jan-2019 10:00
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Counter name changed to Vallianz Hldgs???
Oh dear...trading at 0.26 liao |
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