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STX Europe is likley to sell after ex date 26Apr il (payable 15may) as the dividends from its stake is just too big too ignore..tha's why after going ex STX OSV shares will continue to be supported pending sales to mabye th e Italian prospector
i strongly believe this share will break $2 very soon... hope i dun get it wrong..
=)
jamesng ( Date: 15-Apr-2012 08:55) Posted:
They sure will pay the dividend......just that best to conclude the sale of share price before dividend......
Bidders will not like to pay too high a premium over current price for the share....... |
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They sure will pay the dividend......just that best to conclude the sale of share price before dividend......
Bidders will not like to pay too high a premium over current price for the share.......
I would think when EX date is reached then sale is concluded or even sale is done before EX date they will still payout the divident cos it is for last FY.
Dunno if I am right so hope the seniors here can enlighten me if I am mistaken. Thanks.
jamesng ( Date: 14-Apr-2012 21:22) Posted:
| Will sale be concluded before they paid dividend??? If not, hmm.... |
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If STX really drop back to the 1.6X region really is a best time to pick it up. Whether for dividents or mid term I think there is upside for this share.
littleboi ( Date: 14-Apr-2012 09:32) Posted:
with all the contract earned this counter ready to blast off.
Monday might be a good time to buy in if it drop due to global economy news...but in middle term $2 is achievable with CD 10 cts.
record date: 30/04
Pay date: 16/05
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wat u mean by that?
jamesng ( Date: 14-Apr-2012 21:22) Posted:
| Will sale be concluded before they paid dividend??? If not, hmm.... |
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Will sale be concluded before they paid dividend??? If not, hmm....
with all the contract earned this counter ready to blast off.
Monday might be a good time to buy in if it drop due to global economy news...but in middle term $2 is achievable with CD 10 cts.
record date: 30/04
Pay date: 16/05
gapped up at opening and still holding strong. If initial resistence 1.75 is broken, then ho say liao! power to $2!
CD 10cts.
XD 26/4 if I'm not wrong. Can anyone pls confirm XD date here pl? thks.
wangerism ( Date: 13-Apr-2012 08:23) Posted:
ready to blast off today...hopefully wont end up like the korean rocket. lol
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ready to blast off today...hopefully wont end up like the korean rocket. lol
From Bloomberg reports http://www.bloomberg.com/news/2012-04-11/italian-shipbuilder-fincantieri-said-to-bid-for-stx-osv-stake.html
Fincantieri SpA, the Italian state-
controlled shipbuilder, is among final bidders for a stake in
STX OSV Holdings Ltd. (SOH), the world’s biggest maker of offshore
support vessels, said two people with knowledge of the matter.
An investment fund also made an offer, one person said,
declining to identify the bidder.
South Korea’s STX Group, which
is seeking to sell its 51 percent stake in Singapore-listed STX
OSV, may conclude a deal next month, the person said, asking not
to be identified because the process is confidential.
STX Group’s stake is worth S$1.02 billion ($809 million)
based on yesterday’s
closing price, according to data compiled
by Bloomberg. Singapore’s takeover guidelines require any buyer
of more than 30 percent of a publicly traded company to make an
offer for the rest of the stock. STX OSV, based in Alesund,
Norway, has a market value of S$2 billion.
The company may draw bids as energy exploration in new
offshore fields bolsters demand for vessels used to move and
supply rigs. Deep-water explorers are projected to spend a
record $232 billion on new equipment in the next five years,
according to Canterbury, U.K.-based researcher
Douglas-Westwood.
STX OSV is “definitely well positioned in terms of what
they do and long-term industry demand trends,” said Vincent Fernando, an analyst at Religare Capital Markets (Singapore) Pte.
“Deep water is clearly the future for the oil and gas offshore
investment.”
Fincantieri, which builds
cruise ships, ferries and luxury
yachts, is owned by Fintecna SpA, a company controlled by
Italy’s finance ministry. A spokeswoman at Fincantieri declined
to comment on the company’s interest in STX OSV.
Och-Ziff Stake
The
offshore-vessel builder fell 1.5 percent to S$1.67 in
Singapore trading. It’s jumped 44 percent this year. Och-Ziff
Capital Management Group owns 20 percent of STX OSV, according
to data compiled by Bloomberg.
STX Group, also parent of the world’s fourth-largest
shipbuilder, said in October it plans to raise more than 1.3
trillion won ($1.1 billion) early this year by selling overseas
assets and bonds to repay
maturing debt. In January, the company
said it hired JPMorgan Chase & Co. and Standard Chartered Plc to
arrange the sale of its STX OSV stake.
STX OSV won orders worth 11.1 billion kroner ($1.9 billion)
last year, including 6.03 billion kroner in the fourth quarter.
Its order book stood at 16.7 billion kroner at the end of
December with deliveries stretching into 2016.
The vessel-builder has yards in
Europe,
Asia and
Brazil. It
is building a second facility in the South American nation as
Petroleo Brasileiro SA drills new wells off the country’s
coastline.
The company was bought by STX Group through the takeover of
Aker Yards ASA, completed in February 2009. It sold a stake in
an initial public offering in November 2010.
To contact the reporters on this story:
Cathy Chan in
Hong Kong at
kchan14@bloomberg.net
Joyce Koh in Singapore at
jkoh38@bloomberg.net
Kyunghee Park in Singapore at
kpark3@bloomberg.net
To contact the editor responsible for this story:
Philip Lagerkranser at
lagerkranser@bloomberg.net
I think it still worth a buy now, might need to see more build up at this current level before it can go any higher. Might not be easy for it to push above 1.85.
But at yesterday closing price of 1.67, its very attractive for simply the dividend :)
will it start a bidding war juz like parkway sometime back? hmm...
starlene ( Date: 12-Apr-2012 11:14) Posted:
STX OSV Holdings: S$1.66 BUY (TP: S$2.00) Stake sale by STX Group coming to a conclusion? At least two parties have submitted bids. Bloomberg reported that Fincantieri, an Italian state-owned shipbuilder, and one unidentified investment fund have submitted bids to buy a stake in STX OSV. According to report, the bidding process may come to a conclusion next month. Fincantieri is primarily involved in the design and construction of merchant and naval vessels. At first glance, we see little synergies between STX OSV and Fincantieri as the two firms operate in different segments of the shipping/offshore market and serves different end clients. However, we believe STX OSV remains attractive valued at this level (10x FY12F P/E) and potential buyers will gain access to STX OSV’s proven offshore products. We expect demand for STX OSV’s products to improve on the back of higher deepwater exploration and production activities. Maintain BUY with a TP of S$2.00, pegged to 12x FY12F P/E. Quick facts on the Fincantieri Group: (1) The company is primarily involved in the design and construction of merchant and naval vessels and also perform ship repair and conversion work. (2)The Group has nine shipyards in Italy and four in United States with an employee base of more than 10,000 workers (3) Fincantieri reported FY11 revenue, EBITDA and net profit of €2.6b, €138m and €10m respectively. We estimate that STX OSV will report FY12 revenue and net profit of NOK11.4b (€1.5b) and NOK899m (€118m). (See attached file: 11Apr12-STX OSV- Flash.pdf) Jason Saw
wangerism ( Date: 12-Apr-2012 08:52) Posted:
Anticipation of this breaking news will generate a sudden price spike on this counter but will eases off when final details of the deal announce later.
Enjoy the ride |
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STX OSV Holdings: S$1.66 BUY (TP: S$2.00) Stake sale by STX Group coming to a conclusion? At least two parties have submitted bids. Bloomberg reported that Fincantieri, an Italian state-owned shipbuilder, and one unidentified investment fund have submitted bids to buy a stake in STX OSV. According to report, the bidding process may come to a conclusion next month. Fincantieri is primarily involved in the design and construction of merchant and naval vessels. At first glance, we see little synergies between STX OSV and Fincantieri as the two firms operate in different segments of the shipping/offshore market and serves different end clients. However, we believe STX OSV remains attractive valued at this level (10x FY12F P/E) and potential buyers will gain access to STX OSV’s proven offshore products. We expect demand for STX OSV’s products to improve on the back of higher deepwater exploration and production activities. Maintain BUY with a TP of S$2.00, pegged to 12x FY12F P/E. Quick facts on the Fincantieri Group: (1) The company is primarily involved in the design and construction of merchant and naval vessels and also perform ship repair and conversion work. (2)The Group has nine shipyards in Italy and four in United States with an employee base of more than 10,000 workers (3) Fincantieri reported FY11 revenue, EBITDA and net profit of €2.6b, €138m and €10m respectively. We estimate that STX OSV will report FY12 revenue and net profit of NOK11.4b (€1.5b) and NOK899m (€118m). (See attached file: 11Apr12-STX OSV- Flash.pdf) Jason Saw
wangerism ( Date: 12-Apr-2012 08:52) Posted:
Anticipation of this breaking news will generate a sudden price spike on this counter but will eases off when final details of the deal announce later.
Enjoy the ride!
steadylar ( Date: 11-Apr-2012 23:41) Posted:
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11 April, Bloomberg
Fincantieri SpA, the Italian state- controlled shipbuilder, is among final bidders for a stake in STX OSV Holdings Ltd. (SOH), the world’s biggest maker of offshore support vessels, said two people with knowledge of the matter.
An investment fund also made an offer, one person said, declining to identify the bidder. South Korea’s STX Group, which is seeking to sell its 51 percent stake in Singapore-listed STX OSV, may conclude a deal next month, the person said, asking not to be identified because the process is confidential.
STX Group’s stake is worth S$1.02 billion ($809 million) based on yesterday’s closing price, according to data compiled by Bloomberg. Singapore’s takeover guidelines require any buyer of more than 30 percent of a publicly traded company to make an offer for the rest of the stock. STX OSV, based in Alesund, Norway, has a market value of S$2 billion.
The company may draw bids as energy exploration in new offshore fields bolsters demand for vessels used to move and supply rigs. Deep-water explorers are projected to spend a record $232 billion on new equipment in the next five years, according to Canterbury, U.K.-based researcher Douglas-Westwood.
STX OSV is “definitely well positioned in terms of what they do and long-term industry demand trends,” said Vincent Fernando, an analyst at Religare Capital Markets (Singapore) Pte. “Deep water is clearly the future for the oil and gas offshore investment.” |
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Anticipation of this breaking news will generate a sudden price spike on this counter but will eases off when final details of the deal announce later.
Enjoy the ride!
steadylar ( Date: 11-Apr-2012 23:41) Posted:
|
11 April, Bloomberg
Fincantieri SpA, the Italian state- controlled shipbuilder, is among final bidders for a stake in STX OSV Holdings Ltd. (SOH), the world’s biggest maker of offshore support vessels, said two people with knowledge of the matter.
An investment fund also made an offer, one person said, declining to identify the bidder. South Korea’s STX Group, which is seeking to sell its 51 percent stake in Singapore-listed STX OSV, may conclude a deal next month, the person said, asking not to be identified because the process is confidential.
STX Group’s stake is worth S$1.02 billion ($809 million) based on yesterday’s closing price, according to data compiled by Bloomberg. Singapore’s takeover guidelines require any buyer of more than 30 percent of a publicly traded company to make an offer for the rest of the stock. STX OSV, based in Alesund, Norway, has a market value of S$2 billion.
The company may draw bids as energy exploration in new offshore fields bolsters demand for vessels used to move and supply rigs. Deep-water explorers are projected to spend a record $232 billion on new equipment in the next five years, according to Canterbury, U.K.-based researcher Douglas-Westwood.
STX OSV is “definitely well positioned in terms of what they do and long-term industry demand trends,” said Vincent Fernando, an analyst at Religare Capital Markets (Singapore) Pte. “Deep water is clearly the future for the oil and gas offshore investment.”
littleboi ( Date: 11-Apr-2012 22:47) Posted:
I see the potential for this to reach 2.
With the attractive dividend, but it just keep dropping.
Any reason for that?
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11 April, Bloomberg
Fincantieri SpA, the Italian state- controlled shipbuilder, is among final bidders for a stake in STX OSV Holdings Ltd. (SOH), the world’s biggest maker of offshore support vessels, said two people with knowledge of the matter.
An investment fund also made an offer, one person said, declining to identify the bidder. South Korea’s STX Group, which is seeking to sell its 51 percent stake in Singapore-listed STX OSV, may conclude a deal next month, the person said, asking not to be identified because the process is confidential.
STX Group’s stake is worth S$1.02 billion ($809 million) based on yesterday’s closing price, according to data compiled by Bloomberg. Singapore’s takeover guidelines require any buyer of more than 30 percent of a publicly traded company to make an offer for the rest of the stock. STX OSV, based in Alesund, Norway, has a market value of S$2 billion.
The company may draw bids as energy exploration in new offshore fields bolsters demand for vessels used to move and supply rigs. Deep-water explorers are projected to spend a record $232 billion on new equipment in the next five years, according to Canterbury, U.K.-based researcher Douglas-Westwood.
STX OSV is “definitely well positioned in terms of what they do and long-term industry demand trends,” said Vincent Fernando, an analyst at Religare Capital Markets (Singapore) Pte. “Deep water is clearly the future for the oil and gas offshore investment.”
littleboi ( Date: 11-Apr-2012 22:47) Posted:
I see the potential for this to reach 2.
With the attractive dividend, but it just keep dropping.
Any reason for that?
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I see the potential for this to reach 2.
With the attractive dividend, but it just keep dropping.
Any reason for that?
Too late t short, i think limited downside. I would buy.
today, i think contra period due and force selling , i guess.
otherwise, this is one of the long counter, if everything ok, this one 2.7 by yr end.
alexchia01 ( Date: 09-Apr-2012 12:15) Posted:
I think you should wait for a pull-back first before shorting this counter.
bishan22 ( Date: 09-Apr-2012 12:05) Posted:
Tempted to short dis bugger..........  |
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Thanks Alex..... will be watching this closely.
alexchia01 ( Date: 09-Apr-2012 12:15) Posted:
I think you should wait for a pull-back first before shorting this counter.
bishan22 ( Date: 09-Apr-2012 12:05) Posted:
| Tempted to short dis bugger.......... |
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