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I am NOT SELLING at 25cents!
Let' s stand steadfast! NO TO DELISING AT 25 cents!
10% of investors stand together!
Let' s stand steadfast! NO TO DELISING AT 25 cents!
10% of investors stand together!
I don't know why you guys pin so much hope on vard getting a better offer price.
Fincantieri bought vard at a premium few years back to break into OSV market and expand their biz. Since then vard had failed to secure satisfactory orders for OSV.
All the orders for yacht are flowed to vard via them, without them vard would have collapse to nothingness. Look at all the other small O&G counters, alot are better managed compared to vard and still dropped dead.
If u are Fincantieri and had paid so much to buy over vard only for them to not perform, will you pay more for the rest of the business?
The worse case is not vard getting delist at 0.24. The worse is Fincantieri decide to remove buy queue and let vard plunge. Then offer a much lower price and see if ur heart can take it...
Just my opinion. Don't wack me.
Fincantieri bought vard at a premium few years back to break into OSV market and expand their biz. Since then vard had failed to secure satisfactory orders for OSV.
All the orders for yacht are flowed to vard via them, without them vard would have collapse to nothingness. Look at all the other small O&G counters, alot are better managed compared to vard and still dropped dead.
If u are Fincantieri and had paid so much to buy over vard only for them to not perform, will you pay more for the rest of the business?
The worse case is not vard getting delist at 0.24. The worse is Fincantieri decide to remove buy queue and let vard plunge. Then offer a much lower price and see if ur heart can take it...
Just my opinion. Don't wack me.
Yea supported them so long and this is how they repay... !@#$#*& **(
shyeo1223 ( Date: 05-Apr-2018 15:03) Posted:
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Don' t let them delist the company at peanuts price. These Angmo' s think they can do waht ever they want.
The chance of SGX questioning them is the same as the odds of striking toto :)
Should just pray for the company to kenna some freak events and go bankupt.... afterall those chow kuan angmos already made up their mind to ignore long-term investors who supported them during diffiult times.
Should just pray for the company to kenna some freak events and go bankupt.... afterall those chow kuan angmos already made up their mind to ignore long-term investors who supported them during diffiult times.
shadow ( Date: 04-Apr-2018 17:59) Posted:
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I did not see how much is the delisting price. Mmm who is against delisting? I' m against it cos I bought at very high price...:((
katak88 ( Date: 05-Apr-2018 10:39) Posted:
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Vard signs 4.5b-kroner deal with Swiss company Viking for 2 cruise ships
WED, APR 04, 2018 - 5:55 PM
UPDATED WED, APR 04, 2018 - 8:23 PMSHIPBUILDER Vard Holdings announced it has signed a letter of intent (LOI) with Swiss-based river cruise company Viking to design and build two cruise vessels in a deal worth some 4.5 billion Norwegian kroner (S$750.57 million).
There is an option for two more vessels in the LOI, Vard' s media statement said, with both Vard and Viking having a " common intention" to enter into the final contract by mid-2018.
http://www.businesstimes.com.sg/companies-markets/vard-signs-45b-kroner-deal-with-swiss-company-viking-for-2-cruise-ships
Vard gets SGX nod for proposed delisting
THU, APR 05, 2018 - 8:51 AMFincantieri last made an offer to privatise Vard in November 2016. Its previous offer priced at 24 Singapore cents per share received sufficient acceptances to turn unconditional, but fell short of meeting the requisite level for Fincantieri to force a delisting.
Vard said Fincantieri intends to vote all shares it owns, representing 83.06 per cent, in favour of the delisting proposal at an extraordinary general meeting (EGM) to be convened with minority shareholders. The delisting resolution will be passed unless shareholders holding 10 per cent or more shares present and voting at the coming EGM, vote against it.
http://www.businesstimes.com.sg/companies-markets/vard-gets-sgx-nod-for-proposed-delisting
Vard gets SGX nod for proposed delisting
They certainly planned well well ahead years to take advantage of small investors!
Extension AGM 30 June 2018. Playing delaying tactics until all small investor give up slowly one by one & throw in the towels.
Delay delay and delay by then the already achieve their 90% and don' t event need an EGM to vote later .
They can simply force compulsory acquisition when they obtain 90%. We want a EGM now give us the right to vote !
Extension AGM 30 June 2018. Playing delaying tactics until all small investor give up slowly one by one & throw in the towels.
Delay delay and delay by then the already achieve their 90% and don' t event need an EGM to vote later .
They can simply force compulsory acquisition when they obtain 90%. We want a EGM now give us the right to vote !
rabbitfoot ( Date: 05-Apr-2018 08:46) Posted:
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fr today' s announcement, looks like vard is really planning ahead
Something very wrong with the management of this stock. Keeps announcing mega contracts ever so often, but the stock price is like a dead duck.
VARD SIGNS LETTER OF INTENT WITH VIKING Singapore, 4 April 2018 &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 signed a Letter of Intent (&ldquo LOI&rdquo ) for the design and construction of two cruise vessels for Viking (&ldquo Viking&rdquo ). The potential contract value for two vessels is expected to be approximately NOK 4.5 billion and the LOI also includes an option for two more vessels. The parties have a common intention to enter into final contract by mid-2018.....
All recent contracts annoucement just make small investors like us felt being ' cheated' & ' trapped' by Fincantier to offer Vard only at 25cts !
Why so long already still no news on EGM ? SGX should question them , SIAS should protect small investors interest to fire questions on their motives ?
Everyday keeps dragging on to no end !!!
All recent contracts annoucement just make small investors like us felt being ' cheated' & ' trapped' by Fincantier to offer Vard only at 25cts !
Why so long already still no news on EGM ? SGX should question them , SIAS should protect small investors interest to fire questions on their motives ?
Everyday keeps dragging on to no end !!!
nooovva ( Date: 01-Apr-2018 23:58) Posted:
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Thanks nooovva !
nooovva ( Date: 01-Apr-2018 23:58) Posted:
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Wrote to SGX but they responded with Listing Rules requirements and that an IFA has been hired, and if I have doubts about the IFA work, I should write to MAS....
While not wrong, I sort of expected a more robust reply. Anyway the Circular has been delayed for some time so I can only guess that SGX is questioning them.
While not wrong, I sort of expected a more robust reply. Anyway the Circular has been delayed for some time so I can only guess that SGX is questioning them.
Hi Shadow, I am with you and will fight till the very end! Never never give up! Jia you!
shadow ( Date: 29-Mar-2018 01:29) Posted:
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Not only dirty. No fish bones left if they can.
shadow ( Date: 29-Mar-2018 01:40) Posted:
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Fincantier enjoyed good time with their ' criuse' ships orders full all the way to 10 years according to report. And they are playing dirty tricks to delist vard knowing that it will be profitable soon. ( Vard trying to make their latest 3 consecutive years reporting losses as red as possible) ! Very dirty Italian
Think we as small investors are losing this battle with all dirty tricks they played! Many are throwing in the towels . Latest dealing disclosure another 15m shares acquired and 82.71. With another 7.3% they can force for compulsory acquisition !
But I am not going to give up just yet , I will fight till the end to vote ' no' at their EGM
But I am not going to give up just yet , I will fight till the end to vote ' no' at their EGM