Vard   

Vard Holdings

If it is easy for those Italians to another 9%, we don' t need to vote anymore. 
This forum is for those who invested in this counter and fight for a fair value of VARD. This is not the end of VARD. Together, we will fight for the best!

rabbitfoot      ( Date: 27-Mar-2018 17:26) Posted: why not the other way round,  vard should get 9% more vote to be above 90%  wilsonzhao      ( Date: 27-Mar-2018 17:10) Posted: Dear All, I have contacted the Gitigroup Global Markets Singapore Pte Ltd at 66571253. The brokerage is presently handling the exit offer for Vard.  I was told that the EGM will be held at end of this coming April. We, as retail investors, we will be informed by post.  According to them, the Vard will be delisted if the VOTE for rejection of the offer is less than 10%.    We should not be bullied by those dirty Italians.  Let' s all attend the forthcoming EGM and vote for our rights. It is surely NO!!!

 

why not the other way round,  vard should get 9% more vote to be above 90% 

wilsonzhao      ( Date: 27-Mar-2018 17:10) Posted: Dear All, I have contacted the Gitigroup Global Markets Singapore Pte Ltd at 66571253. The brokerage is presently handling the exit offer for Vard.  I was told that the EGM will be held at end of this coming April. We, as retail investors, we will be informed by post.  According to them, the Vard will be delisted if the VOTE for rejection of the offer is less than 10%.    We should not be bullied by those dirty Italians.  Let' s all attend the forthcoming EGM and vote for our rights. It is surely NO!!!

 

sad to see the end of vard

wilsonzhao      ( Date: 27-Mar-2018 17:10) Posted: Dear All, I have contacted the Gitigroup Global Markets Singapore Pte Ltd at 66571253. The brokerage is presently handling the exit offer for Vard.  I was told that the EGM will be held at end of this coming April. We, as retail investors, we will be informed by post.  According to them, the Vard will be delisted if the VOTE for rejection of the offer is less than 10%.    We should not be bullied by those dirty Italians.  Let' s all attend the forthcoming EGM and vote for our rights. It is surely NO!!!

 

Dear All,

I have contacted the Gitigroup Global Markets Singapore Pte Ltd at 66571253. The brokerage is presently handling the exit offer for Vard. 
I was told that the EGM will be held at end of this coming April. We, as retail investors, we will be informed by post. 
According to them, the Vard will be delisted if the VOTE for rejection of the offer is less than 10%.    We should not be bullied by those dirty Italians.  Let' s all attend the forthcoming EGM and vote for our rights.

It is surely NO!!!

 

 

Mmm no audit on their books? Strange that SGX don' t query on potential foul play... and now oil prices at all time high, price still unchange...  so strange... 

jcubec      ( Date: 21-Mar-2018 01:30) Posted: In order to get the shares they wanted, they will make the report as red as possible. authories would be more delighted if " Badboy" delisting it to remove stains on SGX records. Seriously 25cents offer for all the contract awarded, does it make any sense? obiviously its someone pressing the price down for nearly 2 yrs plus.. they should be revising the price higher, Hopefully not to press the remaining minority shareholders for another 1 bloody year.... Will u give up if they offer u 30-35cents  instead of 25 cents. i bet  there will be someone giving up to them and their holding will jump atleast 3% or more.

 

In order to get the shares they wanted, they will make the report as red as possible.
authories would be more delighted if " Badboy" delisting it to remove stains on SGX records.

Seriously 25cents offer for all the contract awarded, does it make any sense? obiviously its someone pressing the price down for nearly 2 yrs plus..
they should be revising the price higher, Hopefully not to press the remaining minority shareholders for another 1 bloody year....

Will u give up if they offer u 30-35cents  instead of 25 cents. i bet  there will be someone giving up to them and their holding will jump atleast 3% or more.
 

 

Fully agreed but what can we do? This dirty tricks has be done since previous year in 2016 when the first offer at 24cts failed to takeover now they are using same trick again to offer at 25cts . Still waiting for their EGM announcement not heard since Dec2017 , and I am definitely going to vote again ' No No No' to it and hope all others minority shareholders will come together this round to vote it' s proposal down again.

SgX & SIAS are useless in my opinion and they won' t bother if dirty Italian bullies all small investor like us. But I am definitely going to fight till the end... 

Last time I also faced the same situation with Biosensor takeover ... this is the fade of small investors like us we are often force to give in ultimately to the ' unfair' play!   Unless some experience investors know how to put up proper ' petition' I am prepared to sign up to protest !

wilsonzhao      ( Date: 17-Mar-2018 01:48) Posted: How long can the current takeover offer last? We should not wait and let those dirty Italian bully small investors like us.

 

How long can the current takeover offer last? We should not wait and let those dirty Italian bully small investors like us. 

 

very sad situation. share at standstill due to the massive wall placed daily. i think they willing to put wall for years until it crosses 90%. can SGX do something on this ? what is SIAS doing ? or are the minority shareholders helpless ? 

 

Very strange that the majority shareholder managed to keep buying up shares cut the stock price remain like a dead log. And all the while, the company keeps announcing winning more contracts :

Vard Holdings: The shipbuilder said on Wednesday that it has secured contracts for the design and construction of two luxury expedition cruise vessels for French cruise company Ponant. The two newly contracted vessels will be delivered in 2020.

In a separate filing on Wednesday, Vard' s Italian parent Fincantieri, which has proposed to privatise and delist the company, was disclosed to now control 80.64 per cent of Vard as at the end of Tuesday.

http://www.businesstimes.com.sg/companies-markets/vard-wins-contracts-for-2-more-luxury-expedition-cruise-vessels-from-ponant

 

I hope this company Kenna some shitty stuff or natural disaster and go bankrupt.
That is deserving of the management and owner who take advantage of minority shareholders and die hard supporters who supported the company for so long.
Praying hard everyday :)

 

Minoriy shareholders should help to cushion those sell orders from other shareholders who need cash urgently by selling at 25cents. Every share bought by the offerer helps them to move towards its objective. Therefore, if possible, minority shareholders should come in to take over the calculated risk which is very low as compared to the real value of the company. Oil and gas counters are rocketing and the future of the sector is definitely promising.

 

Shareholder Fincantieri ups Vard stake to 79.69%

TUE, DEC 19, 2017 - 8:32 AM

MAINBOARD-LISTED Vard Holdings announced on Tuesday that majority shareholder Fincantieri SpA has, through a subsidiary, increased its stake in the company to 79.69 per cent, through shares acquired on Dec 18 at S$0.25 apiece.

The acquisition is part of Fincantieri' s announcement that it wants to privatise shipbuilder Vard, and brings the Italian company' s holdings in Vard to around 940 million shares as at 5pm on Dec 18.

Fincantieri held just a 55.6 per cent stake in November 2016 when it launched an offer at 24 Singapore cents per share to take Vard private. That offer price was an 11.63 per cent premium to Vard' s one-month volume-weighted average price at the time.

Fincantieri said that it has no plans to change Vard' s existing business, but it wants to fully integrate Vard with its other subsidiaries.
  

 

The propose 25cts deal kept haunting Vard trading at a stand still ! 
When is the EGM ? Can Vard call it asap so we can vote for it.
ll the minority holders should  attend the EGM personally and vote down the proposal .

 

Singapore, 19 December 2017 &ndash Vard Holdings Limited (&ldquo VARD&rdquo or the &ldquo Company&rdquo ), one of the major global designers and shipbuilders of specialized vessels, is pleased to announce that it has secured a contract for the design and construction of one luxury polar expedition cruise vessel for French cruise company PONANT. The contract value is approximately NOK 2.7 billion

 

CIMB appointed as the Independent Fin Advisor on the exit offer . 
Sure write a lot of rubbish in their assessment & trying to convince investors to accept the exit offer.
CIMB whoever out there reading this Vard forum, message here is loud and clear from Vard small investors still hanging on to it. No no to the exit offer and CIMB don' t be a clown tellng us that is the best offer to accept - this show how unprofessional you ppl are !!

 

Agreed, fpr the minority retailers' interest I will put in effort be there to vote " NO" . 

S1831192E      ( Date: 07-Dec-2017 11:53) Posted: As minority shareholders, we have to co-operate by attending the EGM personally and vote down to this proposal.   If we send our votes by post, they may be gone as nobody knows who will be handling those papers. So to all minority shareholders, let' s all stand firm together !

 

As minority shareholders, we have to co-operate by attending the EGM personally and vote down to this proposal.   If we send our votes by post, they may be gone as nobody knows who will be handling those papers.

So to all minority shareholders, let' s all stand firm together !

 

Has anyone written in to SGX or SIAS? Need to stop this at SGX level before it even reaches EGM where few of us are powerless. 

 

The end game by the majority owners of Vard is very obvious.Buy out the comapany at a a steep discount to its NAV and delist the company.As long time  retail investors we are expected to suck it up and" sell" at a loss and the owner of the company reaps the future earnings without having to share it with investors by way of dividend.SAY NO TO THE OFFER!!!