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STXOSV

Yes quite stable. It may go up if today's sentiment is better. The last minute selldown may be due to those contra players sell off because already due.

catalyst      ( Date: 31-Oct-2011 15:58) Posted: Hopefully can make kopi lui nia. Looks good support at 1.13 despite the sell off on  a lot of other counters. New123      ( Date: 31-Oct-2011 15:41) Posted: Watch out! coming up strongly to test $1.195.

 

Bet small. Hopefully can close $1.16 and above...

catalyst      ( Date: 31-Oct-2011 15:58) Posted: Hopefully can make kopi lui nia. Looks good support at 1.13 despite the sell off on  a lot of other counters. New123      ( Date: 31-Oct-2011 15:41) Posted: Watch out! coming up strongly to test $1.195.

 

Hopefully can make kopi lui nia.

Looks good support at 1.13 despite the sell off on  a lot of other counters.

New123      ( Date: 31-Oct-2011 15:41) Posted: Watch out! coming up strongly to test $1.195.. catalyst      ( Date: 31-Oct-2011 10:29) Posted: What's the next resistance to be broken, 1.19?

 

Watch out! coming up strongly to test $1.195..

catalyst      ( Date: 31-Oct-2011 10:29) Posted: What's the next resistance to be broken, 1.19?

 

General market is weak so it may be a dampener.

Need to see what the Houses are saying, anyone calling a buy ?

 

What's the next resistance to be broken, 1.19?

 

standing solid at 1.14. Good luck. 

 

Wow !! Secure new contracts.

$1.00 baseline can hold liao :)

 

For Immediate Release

STX OSV SECURES CONTRACTS FOR FOUR PLATFORM SUPPLY VESSELS

FOR ISLAND OFFSHORE

Singapore, 30 October, 2011

the major global designers and shipbuilders of offshore and specialized vessels, is

pleased to announce that it has secured new contracts for the construction of four

Platform Supply Vessels (PSV) for Island Offshore.

The combined value of all four contracts exceeds NOK 1 billion. The first two

contracts are expected to become effective in November 2011, and the remaining

two in January 2012. All four contracts are subject to financing approvals.

The vessels will be of Rolls Royce’s UT 717 CD design. The overall length of each

vessel will be 84.3 meters with a beam of 17 meters, and the deadweight will be

approximately 3800 DWT.

Deliveries are scheduled from STX OSV Brevik in Norway in the third and fourth

quarter 2013 respectively for the first two vessels, and in the first quarter 2014 for

the other two vessels. The hulls of the vessels will be delivered from STX OSV

Braila in Romania.

The Island Offshore Group is a leading provider of services to the offshore industry

managing a fleet of 20 high quality vessels with an average age of less than four

years, currently operating in Brazil, Mexico, USA and in the North Sea. STX OSV

has delivered more than 25 vessels to Island Offshore over the past ten years, and

already has four vessels under construction for this long-standing client prior to

securing the new contracts.

- Ends -

For further information please contact:– STX OSV Holdings Limited (“STX OSV”), one of

STX OSV AS

Holger Dilling

SVP Investor Relations

Mobile: +47 90 61 92 55

holger.dilling@stxosv.com

 

Power up soon, get ready!

 

OH I just sold it today as almost due.

Will consider buying back at lower levels. It does seem to be on an uptrend. Good volume so easy to go in and out.

 

Well supported at 1.12. Hold tight to wait for next burst. 

 

Next stop 1.18 @ 50MA. Good luck. 

kokhong      ( Date: 27-Oct-2011 20:44) Posted: is that good news or bad? anyone can enlighten what's likely the next resistance level?

 

is that good news or bad? anyone can enlighten what's likely the next resistance level?

 

SEOUL, Oct 27 (Reuters) - South Korea's STX Group is considering selling a 51 percent stake its European unit holds in STX OSV Holdings Ltd , a Singapore-listed offshore vessel builder, a deal expected to top 500 billion won ($441.6 million), a media report said on Thursday. The possible stake sale was part of STX Group's efforts to improve its financial structure, the Korea Economic Daily said. Separately, STX Offshore & Shipbuilding Co Ltd < 067250.KS> said in a regulatory filing on Thursday it would issue bonds with warrants worth 100 billion won. The shipping-to-shipbuilding conglomerate announced on Sunday that it would no longer pursue large-scale mergers and acquisitions, but would focus on improving its financial structure. STX plans to secure 700 billion won in funds via the sale of foreign assets by early next year.

 

I start to pump today at $1.10.

 

No .. because dump is over , now is pump ..

teeth53      ( Date: 27-Oct-2011 08:58) Posted: STX Pan Ocean  drop tat much, will STXOSV drop as much..?.

 

STX Pan Ocean  drop tat much, will STXOSV drop as much..?.

 

 

Citi said in a report on Friday that the heavy sell-down of STX-related shares was triggered by speculation that STX Group may be planning to sell shares and bonds as it may be short of funds.

However, Citi said its check with STX Pan Ocean suggests that the speculation arose due to miscommunication between parties unrelated to STX.

" The STX Group is not short of funds," Citi said. " We believe STX Group's bond re-financing and capex needs can be adequately met. Net gearing for listed STX entities that we track is also at manageable levels."

 

still up today...was hoping that it drop....