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Vard (formerly: STX OSV)
19-11-2016, 09:58 AM,
Post: #141
RE: Vard (formerly: STX OSV)
(19-11-2016, 09:31 AM)Bibi Wrote: If i can recall correctly, its IPO started at $1.50 plus? Now delist at 24 cts. Pity those who held on when bought at IPO prices.
My bad. IPO price 66cts in 2010.

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29-12-2016, 07:44 PM,
Post: #142
RE: Vard (formerly: STX OSV)
Voluntary Conditional General Offer launched on November 13, 2016 is extended to 12 January 2017, 5.30 p.m. (Singapore time)

FINCANTIERI S.p.A. announces that, in relation to the voluntary conditional general offer launched on November 13, 2016 by its subsidiary Fincantieri Oil & Gas S.p.A. ("Fincantieri O&G") for all the ordinary shares of Vard Holdings Limited other than those already held by Fincantieri O&G, its related corporations and their respective nominees, the closing date is extended from 5.30 p.m. (Singapore time) on December 29, 2016 to 5.30 p.m. (Singapore time) on January 12, 2017.
Specuvestor: Asset - Business - Structure.
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30-12-2016, 05:51 PM,
Post: #143
RE: Vard (formerly: STX OSV)
just get it over with lah... aiyoh... Tongue
Fincantieri sees value at offer price... unless otherwise, opm don't bother holding liao...
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 

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13-11-2017, 01:58 PM,
Post: #144
RE: Vard (formerly: STX OSV)
Launch of The Proposed Voluntary Delisting of Vard
November 13, 2017.

Under the Exit Offer, Fincantieri O&G will offer the shareholders of Vard SGD 0.25 in cash for each Vard share tendered in acceptance of the Exit Offer, for a maximum consideration of SGD 60,943,572.50 (approx. EUR 38,500,000 at the current exchange rate) in case of full acceptance.

Fincantieri O&G currently holds 936,225,710 shares in Vard, equal to around 79.34 per cent. of Vard’s total issued share capital. The consolidated financial statements of the Fincantieri group has included Vard’s contributions since Fincantieri O&G’s 2013 acquisition of a majority stake in Vard.
Specuvestor: Asset - Business - Structure.
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14-11-2017, 12:59 AM,
Post: #145
RE: Vard (formerly: STX OSV)
In local lingo .. el cheapo  Blush

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14-11-2017, 11:13 AM,
Post: #146
RE: Vard (formerly: STX OSV)
GO cannot... now scare with delisting

IMHO Vard is good niche shipbuilder except for the Brazil shipyard which IIRC was shoved by STX. Brazil cost is second highest to Norway according to them. Go figure

Need people like Oei or ACTIVIST SPEAKS to optimise shareholders' insterest Big Grin
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

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