Vard   

Vard Holdings

Vard is by far the most stable stock to invest in. With a base guarantee of 25 Singapore Cents by Fincanlieri and with such niche and specialized market, the strong book orders will only get bigger. Good for me to stay vested and only way ahead is up. Shall wait for a bigger investor or thinking change in Fincanlie ri to see some light ahead.

 

Wow 700 million NOK for 7 stern trawlers is massive contract. Well done Vard! 

 

But DBS analyst don' t think so ! To be honest I wonder, why they differ in opinion?

New Contracts May Not Be Enough to Revive Vard' s Forunes
Good news may not be good enough for Singapore-listed Vard. The latest NOK700 million (US$84 million) of contracts for fishing vessels isn' t surprising as the firm plans to diversify by tapping opportunities away from the oil patch. Vard' s new-order flow this year has topped NOK5 billion, thanks to contracts to build expedition cruise and fishing vessels. DBS thinks the shipbuilder will be able to meet its 2017 forecast of NOK6 billion. Still, that' s well below Vard' s aim to get 2020 revenue to NOK12-13 billion. 

BillionX      ( Date: 04-Dec-2017 11:38) Posted: It is very obvious that Vard is on the road to recovery and that insider info is that they are in for more contract wins.So offer a ridiculous price and buy in the open market.They have use the resources of the retail investors and now when there is a light at the end of the tunnel they want to get rid of us.SAY NO TO THEIR OFFER!

 

It is very obvious that Vard is on the road to recovery and that insider info is that they are in for more contract wins.So offer a ridiculous price and buy in the open market.They have use the resources of the retail investors and now when there is a light at the end of the tunnel they want to get rid of us.SAY NO TO THEIR OFFER!

 

8 months ago @24cts Mar2017 - 74.45%   (delay tactics from Nov16-Mar17 extension offer dates many times).
Suppressed the average trading price for 8 months then come out to offer 25cts (using VWAP).
By then the last dealing disclosure 79.45% .. up approx 5%
This time again using same delay tactics again ? They are just driving all the small fishes to slowly give up their share holdings bit by bit..
So this time another 3-4 months extension delaying again... till 2018 ?... then again suppress the price for another 8 months to offer next round VWAO @25.5cts ??
Very shrew, trying to exhaust all minority shareholders fighting spirit until they achieve their desired 90% level ! Very dirty tactic

 

 

I am sure they are going to get nonsense ' independent' assessor again to tell all the minority shareholders to accept the offer of 25cts is fair offer deal whatever..
If 24cts strongly rejected previously (not too long ago only), why 25cts is a fair deal now... is must be a greatest joke ... !

All this so call ' independent' assessor of the deal are they truly consider ' independent' as they are engaged by themselves.
SGX should have a new ruling that any takeover deal offer should be assessed by an independent assessor appointed by the SGX,
then maybe to some extent it can be considered ' reliable' .... 
Appointing from the ' boss' that pays you to come out with assessment report , how reliable can it be ... just use your head to think... only dumb will believe 

 

Don' t waste our time , Vard go EGM faster lah and we will go for our vote , swift and decisive !
Don' t keep all minority holders hanging in the air and playing all the market pyschological game ... dealing disclosure abit by abit , playing our sentiment.

 

If not because Fincantieri, Vard is probably above 30cts or more now with all the good news of awards lately...
Obviously Fincantieri is trying to suppress Vard price (all this while after 24cts not successful).
Fincantieri is really shrew ! We cannot allow that to happen, bullying and taking advantage of minority shareholders like us !
If they ever suceed with this dirty tactics to delist it then SGX can " go fly kites" , don' t say the exchange is protecting fair trading practices or protect minority interest those bull shit.. It is obviously market bullying .. 24cts cannot suceed go 25cts... then what next round.. 25.5 cts etc ...! 
 

katak88      ( Date: 04-Dec-2017 08:44) Posted: Vard Holdings secures S$113.6m worth of Icelandic contracts SUN, DEC 03, 2017 - 8:06 PM MAINBOARD-LISTED Vard Holdings has secured contracts worth some 700 million Norwegian Krones (S$113.6 million) for the design and construction of seven stern trawlers for four Icelandic shipowners. The four shipowners are: Bergur-Huginn, Utgerdarfelag Akureyringa, Gjö gur and Skinney-Thinganes, Vard said in a filing to the Singapore Exchange (SGX) on Sunday. The designer and shipbuilder of specialised vessels said together with the Icelandic parties, they have developed a new concept for the trawlers for more efficient fishing operations in Iceland. The vessels, measuring 29 by 12 metres, will be constructed and outfitted by Vard Aukra in Norway for deliveries in 2019. Â

 

Vard Holdings secures S$113.6m worth of Icelandic contracts

SUN, DEC 03, 2017 - 8:06 PM

MAINBOARD-LISTED Vard Holdings has secured contracts worth some 700 million Norwegian Krones (S$113.6 million) for the design and construction of seven stern trawlers for four Icelandic shipowners.

The four shipowners are: Bergur-Huginn, Utgerdarfelag Akureyringa, Gjö gur and Skinney-Thinganes, Vard said in a filing to the Singapore Exchange (SGX) on Sunday.

The designer and shipbuilder of specialised vessels said together with the Icelandic parties, they have developed a new concept for the trawlers for more efficient fishing operations in Iceland.

The vessels, measuring 29 by 12 metres, will be constructed and outfitted by Vard Aukra in Norway for deliveries in 2019.


  

 

This evening Vard has announced that they have secured another contract. Recently Vard has secured many contracts.  Good to keep this counter. DYODD. 

 

well if they want it, they got to pay a fair price for it.

no point scaremongering with all the dealings disclosure...

 

DEALINGS DISCLOSURE ANNOUNCEMENT

Pursuant to Rule 12.1 of the Singapore Code on Take-overs and Mergers (the &ldquo Code&rdquo ), Citigroup wishes to announce, for and on behalf of the Offeror, that the Offeror has acquired1 the following Shares (the &ldquo Acquired Shares&rdquo ) on 29 November 2017 on the SGX-ST, details of which are set out below:

29 November 2017         Total number of the Acquired Shares         135,100  
28 November 2017         Total number of the Acquired Shares            63,600
27 November 2017         Total number of the Acquired Shares            11,900

 

yes, must send in proxy form if cannot attend meeting.

shadow      ( Date: 17-Nov-2017 16:04) Posted: All minority holders have to play their part turn up to vote ' No" . If not , we will be taken for granted. Don' t let them abuse us as minority holders. We all have to stick together and go and vote ' No' . Even if we cannot or not free to go to the EGM, make sure assign the proxy to go and vote ' No' . Honestly, counting on SGX & SIAS is a waste of time !   nooovva      ( Date: 14-Nov-2017 23:33) Posted: 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.

 

Fincantieri shrewd business acumen. Foresee more projects ahead....... going for huge profit margins at all cost. Thank you Fincanteri for the offer of 25 Singapore cents. No brainer but let us minority shareholders consider.

 

SHEER BULLYING....Do not accept the offer...

 

Vard is certainly on the recovery trend , more contracts awarded etc..
Fincantieri just want to pay 25 cents to delist it.... pui pui pui !!!
 

 

Singapore, 27 November 2017 &ndash Vard Holdings Limited (&ldquo VARD&rdquo ), one of the major global designers and shipbuilders of specialized vessels, is pleased to announce that it has secured contracts for the design and construction of two offshore fish farming operation platforms for Cermaq Norway. 

 

The problem here is that most minorities will not turn up or vote. But it only takes a few letters to SGX and SIAS to make a lot of noise. Def need to try all methods!

 

SGX & SIAS always know how to ' Wayang' only... do they really care about protecting the minority interest ?
Absolutely hopeless to count on them.... write complain to them is of no use at all !
Vote through our dissent, we will prevail ! 

 

All minority holders have to play their part turn up to vote ' No" . If not , we will be taken for granted.
Don' t let them abuse us as minority holders. We all have to stick together and go and vote ' No' .
Even if we cannot or not free to go to the EGM, make sure assign the proxy to go and vote ' No' .

Honestly, counting on SGX & SIAS is a waste of time !
 

nooovva      ( Date: 14-Nov-2017 23:33) Posted: 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.