Anyone owns this seemingly 'crap' stock?
Based on the just released H1-FY10 result announcement.....
http://info.sgx.com/webcoranncatth.nsf/V...700401607/$file/VHL_Half_Year_Result_Announcement_300910.pdf?openelement
probably Vallianz has one of the smallest business and B/S - Revenue: USD306k; Equity: USD9.68m - among listed companies on SGX!
The funniest thing is that based on the 594.2m issued shares (as at 30Sep10), and the last done share price of $0.11 - down from a high of $0.24 recorded on 30Aug10 - Vallianz now has a market cap of $65.36m. Mr Market seems to be either too generous or totally wrong in this instance. Beware!
today it is one of the top volume traded counter with 13milos exchanged! :O
Swiber is grooming Vallianz for growth in the O&G sector.
I think it started off with just one vessel and got another 4 from Swiber and later add another 23 from Rawabi. It is going to add another 24 vessels.
Main business should be ship chartering.
B/S stretched to propel earning.
Didn't read up in detail so information maybe a bit hazy.
http://www.businesstimes.com.sg/companie...orth-us64m
Vallianz wins deals worth US$64m
By
Mindy Tantanmindy@sph.com.sg@MindyTanBT
21 Oct5:50 AM
Singapore
VALLIANZ Holdings has clinched letters of award and new charter contract wins worth US$64 million in Mexico, West Africa and the Asia-Pacific.
The group will supply vessels such as anchor handling tug supply (AHTS) vessels, platform supply vessels (PSV) and barges for
http://www.businesstimes.com.sg/companie...arent-firm
Vallianz in US$36.09m asset deals with parent firm
It is buying Tuas yard and stake in Indonesian chartering firm from controlling shareholder
By
Angela Tanangelat@sph.com.sg
VallianzHoldings111114.jpg To further raise its profile as an offshore marine player, Vallianz Holdings has entered into two deals to acquire assets from its controlling shareholder Swiber Holdings for US$36.09 million. PHOTO: ST
11 Nov5:50 AM
Singapore
TO further raise its profile as an offshore marine player, Vallianz Holdings has entered into two deals to acquire assets from its controlling shareholder Swiber Holdings for US$36.09 million.
Vallianz, a provider of offshore support vessels, is buying Newcruz
Bb Play finished liao kena dumped loh, how typical
-- via Xperia Z1 with tapatalk
http://infopub.sgx.com/FileOpen/VHL_Clar...eID=426226
A very confusing announcement from Vallianz.
The announcement by Vallianz aims to reply to an online post/email about the delay in payment of crew salaries on board a ship, Swiber Explorer.
So Vallianz announces they do not own the vessel. That's ok. In the next paragraph, they mentioned Vallianz has transferred the payment of the salaries of the crew for until August 2016 and the crew should receive the amount within the next 2 days. We are now in end Oct 16. Won't that mean Vallianz will not be transferring Sept and Oct salary during this month?
Hopefully I am interpreting it right