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Got 3 bidders including Keppel? Thought the later said not interested previously..
http://www.upstreamonline.com/incoming/article1247318.ece starlene ( Date: 16-May-2012 14:59) Posted:
I attended the recent AGM..this is indeed a good co....I notice many stock options given to directors not exercised yet and the max exercise price is $1.50 and now that OZ Fund has bought recently at $1.56...looks like the floor price is around here..unlikley can sell at $2.00 but also unlikley the price will drop below $1.33 the last price sale in July 2011 by STX Europe...so if say Greece exit from Euro..another financial malestrom or meltdown it's good to acquire this stock.Today is May 16 by end of the day all its shareholders will be getting the fat dividends including STX Europe,,latter ready to sell again
tglim74 ( Date: 16-May-2012 14:27) Posted:
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Offshore & Marine SINGAPORE May 15, 2012
SOURCE: CIMB, COMPANY REPORTS
According to M& A intelligence service, mergermarket, the group’s Korean parent could soon announce the preferred bidder for its controlling 50.75% stake in STX OSV. It is reported that three bidders are left in the fold, including Italy’s cruise-ship builder, Fincantieri and private-equity firm Carlyle. According to its latest financials, Fincantieri appears to have the debt headroom to acquire STX OSV.
We think that a bid could touch at least S$1.60/share. Indeed, Och-Ziff could already have signalled a floor price or minimum bid when it increased its stake to 21% from 20% at an average cost of S$1.59/share, as estimated by the volume-weighted average price. Recall that Och-Ziff acquired its 18.3% stake in STX OSV for S$1.33/share in Jul 11. It has a key role to play in the sale process as the STX Group has a bilateral lock-up agreement with Och-Ziff whereby it will not dispose of additional shares until 12 Nov 12, with " certain limited exceptions" . That said, the sale process is far from conclusive and the situation remains fluid.
http://www.remisiers.org/cms_images/research/May14-May18_2012/STX_OSV15052012cimb.pdf
Are you the author?? =) |
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sales not conclusive also good, leave some room for imagination and speculation to go up! haha.
There's a floor for this stock, not to worry )
starlene ( Date: 16-May-2012 14:59) Posted:
I attended the recent AGM..this is indeed a good co....I notice many stock options given to directors not exercised yet and the max exercise price is $1.50 and now that OZ Fund has bought recently at $1.56...looks like the floor price is around here..unlikley can sell at $2.00 but also unlikley the price will drop below $1.33 the last price sale in July 2011 by STX Europe...so if say Greece exit from Euro..another financial malestrom or meltdown it's good to acquire this stock.Today is May 16 by end of the day all its shareholders will be getting the fat dividends including STX Europe,,latter ready to sell again
tglim74 ( Date: 16-May-2012 14:27) Posted:
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Offshore & Marine SINGAPORE May 15, 2012
SOURCE: CIMB, COMPANY REPORTS
According to M& A intelligence service, mergermarket, the group’s Korean parent could soon announce the preferred bidder for its controlling 50.75% stake in STX OSV. It is reported that three bidders are left in the fold, including Italy’s cruise-ship builder, Fincantieri and private-equity firm Carlyle. According to its latest financials, Fincantieri appears to have the debt headroom to acquire STX OSV.
We think that a bid could touch at least S$1.60/share. Indeed, Och-Ziff could already have signalled a floor price or minimum bid when it increased its stake to 21% from 20% at an average cost of S$1.59/share, as estimated by the volume-weighted average price. Recall that Och-Ziff acquired its 18.3% stake in STX OSV for S$1.33/share in Jul 11. It has a key role to play in the sale process as the STX Group has a bilateral lock-up agreement with Och-Ziff whereby it will not dispose of additional shares until 12 Nov 12, with " certain limited exceptions" . That said, the sale process is far from conclusive and the situation remains fluid.
http://www.remisiers.org/cms_images/research/May14-May18_2012/STX_OSV15052012cimb.pdf
Are you the author?? =) |
|
|
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I attended the recent AGM..this is indeed a good co....I notice many stock options given to directors not exercised yet and the max exercise price is $1.50 and now that OZ Fund has bought recently at $1.56...looks like the floor price is around here..unlikley can sell at $2.00 but also unlikley the price will drop below $1.33 the last price sale in July 2011 by STX Europe...so if say Greece exit from Euro..another financial malestrom or meltdown it's good to acquire this stock.Today is May 16 by end of the day all its shareholders will be getting the fat dividends including STX Europe,,latter ready to sell again
tglim74 ( Date: 16-May-2012 14:27) Posted:
|
Offshore & Marine SINGAPORE May 15, 2012
SOURCE: CIMB, COMPANY REPORTS
According to M& A intelligence service, mergermarket, the group’s Korean parent could soon announce the preferred bidder for its controlling 50.75% stake in STX OSV. It is reported that three bidders are left in the fold, including Italy’s cruise-ship builder, Fincantieri and private-equity firm Carlyle. According to its latest financials, Fincantieri appears to have the debt headroom to acquire STX OSV.
We think that a bid could touch at least S$1.60/share. Indeed, Och-Ziff could already have signalled a floor price or minimum bid when it increased its stake to 21% from 20% at an average cost of S$1.59/share, as estimated by the volume-weighted average price. Recall that Och-Ziff acquired its 18.3% stake in STX OSV for S$1.33/share in Jul 11. It has a key role to play in the sale process as the STX Group has a bilateral lock-up agreement with Och-Ziff whereby it will not dispose of additional shares until 12 Nov 12, with " certain limited exceptions" . That said, the sale process is far from conclusive and the situation remains fluid.
http://www.remisiers.org/cms_images/research/May14-May18_2012/STX_OSV15052012cimb.pdf
Are you the author?? =)
rutheone1905 ( Date: 16-May-2012 13:51) Posted:
| the 1.59, I'm not too sure but the 1.6 minimum i quite sure.....but cant recall where i saw it. actually i am waiting for this piece of news b4 i get committed.... |
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Offshore & Marine SINGAPORE May 15, 2012
SOURCE: CIMB, COMPANY REPORTS
According to M& A intelligence service, mergermarket, the group’s Korean parent could soon announce the preferred bidder for its controlling 50.75% stake in STX OSV. It is reported that three bidders are left in the fold, including Italy’s cruise-ship builder, Fincantieri and private-equity firm Carlyle. According to its latest financials, Fincantieri appears to have the debt headroom to acquire STX OSV.
We think that a bid could touch at least S$1.60/share. Indeed, Och-Ziff could already have signalled a floor price or minimum bid when it increased its stake to 21% from 20% at an average cost of S$1.59/share, as estimated by the volume-weighted average price. Recall that Och-Ziff acquired its 18.3% stake in STX OSV for S$1.33/share in Jul 11. It has a key role to play in the sale process as the STX Group has a bilateral lock-up agreement with Och-Ziff whereby it will not dispose of additional shares until 12 Nov 12, with " certain limited exceptions" . That said, the sale process is far from conclusive and the situation remains fluid.
http://www.remisiers.org/cms_images/research/May14-May18_2012/STX_OSV15052012cimb.pdf
Are you the author?? =)
rutheone1905 ( Date: 16-May-2012 13:51) Posted:
the 1.59, I'm not too sure but the 1.6 minimum i quite sure.....but cant recall where i saw it. actually i am waiting for this piece of news b4 i get committed.....
geforce ( Date: 16-May-2012 12:00) Posted:
Where did u see they bought at 1.59 or so?
From what I noted, the price was not mentioned so it may be at a lower or perhaps special price |
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the 1.59, I'm not too sure but the 1.6 minimum i quite sure.....but cant recall where i saw it. actually i am waiting for this piece of news b4 i get committed.....
geforce ( Date: 16-May-2012 12:00) Posted:
Where did u see they bought at 1.59 or so?
From what I noted, the price was not mentioned so it may be at a lower or perhaps special price.
rutheone1905 ( Date: 16-May-2012 09:07) Posted:
| the minimum purchase price will be $1.6......bcos one big shareholder bought at 1.59 or so. |
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if the buy over is true, then can forget whatever price it is now.
the best part to see is the jump, if it comes, to the declared price......u guys will enjoy it. n remember dont chiong to sell let say if u see $2.
choiong too much in the past 2 days..
it's time to take a break before it move up again
littleboi ( Date: 16-May-2012 13:16) Posted:
pretty stable better than STI average, all waiting to see EU, i dun expect heavy buying until next week.should be able to hold this range.
wah1079 ( Date: 16-May-2012 13:14) Posted:
| nw it's only at 1.635....hard climb to 1.7
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pretty stable better than STI average, all waiting to see EU, i dun expect heavy buying until next week.should be able to hold this range.
wah1079 ( Date: 16-May-2012 13:14) Posted:
| nw it's only at 1.635....hard climb to 1.7
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nw it's only at 1.635....hard climb to 1.7
taking a breather today...will we see 1.7?
starlene ( Date: 16-May-2012 12:50) Posted:
OZ MGT LP bought 11mil shres at $1.56 each.on 7 May 2012..this is the HK fund which bought $1.33 215mil from STX Europe AS
geforce ( Date: 16-May-2012 12:00) Posted:
Where did u see they bought at 1.59 or so?
From what I noted, the price was not mentioned so it may be at a lower or perhaps special price |
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OZ MGT LP bought 11mil shres at $1.56 each.on 7 May 2012..this is the HK fund which bought $1.33 215mil from STX Europe AS
geforce ( Date: 16-May-2012 12:00) Posted:
Where did u see they bought at 1.59 or so?
From what I noted, the price was not mentioned so it may be at a lower or perhaps special price.
rutheone1905 ( Date: 16-May-2012 09:07) Posted:
| the minimum purchase price will be $1.6......bcos one big shareholder bought at 1.59 or so. |
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Where did u see they bought at 1.59 or so?
From what I noted, the price was not mentioned so it may be at a lower or perhaps special price.
rutheone1905 ( Date: 16-May-2012 09:07) Posted:
| the minimum purchase price will be $1.6......bcos one big shareholder bought at 1.59 or so. |
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Patience.....
Today's limelight on Commodity counter....Go there naked short and huat some kopi money.
james87 ( Date: 16-May-2012 10:36) Posted:
| Still hoping to see 1.7 ...hope hope.. |
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Littleboi, where is lim kopi?
Still hoping to see 1.7 ...hope hope..
If close below $1.63 wont be good...take note.
wah1079 ( Date: 16-May-2012 10:12) Posted:
oh no doesn't look quite good today and i buy in high yesterday :(
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oh no doesn't look quite good today and i buy in high yesterday :(
quite some selling at 1.64...
any idea of a time frame for 1.7?
