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Last $0.63 SGD
Change Today +0.01 / 1.61%
Volume 3.4M
VARD On Other Exchanges
Symbol
Exchange
Singapore
Berlin
OTC US
As of 10:47 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

vard holdings ltd (VARD) Snapshot

Open
$0.63
Previous Close
$0.62
Day High
$0.64
Day Low
$0.63
52 Week High
06/11/14 - $1.17
52 Week Low
03/19/15 - $0.39
Market Cap
743.4M
Average Volume 10 Days
11.7M
EPS TTM
$0.30
Shares Outstanding
1.2B
EX-Date
04/24/13
P/E TM
12.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for VARD HOLDINGS LTD (VARD)

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vard holdings ltd (VARD) Details

Vard Holdings Limited, an investment holding company, engages in the design and construction of offshore support and specialized vessels for use in the offshore oil and gas exploration and production, and oil services industries worldwide. The company offers anchor handling tug supply vessels, platform supply vessels, and offshore subsea construction vessels; and other specialized vessels, such as research and coast guard vessels, special purpose cable layers, seismic vessels, fishing vessels, forrage carriers, and icebreakers, as well as conventional and LNG-powered car and passenger ferries. It also engages in selling, trading, and engineering activities; and provides electrical/automation installation, project development and ship design, accommodation and pipe installation, ship automation systems, accommodation facility, ship repair and maintenance, and ship engineering services, as well as onshore and offshore industrial services. The company was formerly known as STX OSV Holdings Limited and changed its name to Vard Holdings Limited in April 2013. The company was incorporated in 2010 and is headquartered in Ålesund, Norway. As of January 23, 2013, Vard Holdings Limited operates as a subsidiary of Fincantieri Oil & Gas S.p.A.

11,779 Employees
Last Reported Date: 04/6/15
Founded in 2010

vard holdings ltd (VARD) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $1.4M
Compensation as of Fiscal Year 2014.

vard holdings ltd (VARD) Key Developments

Vard Holdings Limited Establishes new subsidiary, Vard Contracting AS, in Norway

Vard Holdings Limited has established a new subsidiary, Vard Contracting AS, in Norway. Vard Contracting AS will deliver various services to the Group's Norwegian shipyards. It is expected to give the Group improved control over services currently provided by subcontractors, increase its flexibility, help retain know-how in-house, and strengthen its competitiveness. The paid-up capital of the said company is NOK 3 million.

Vard Holdings Limited, Annual General Meeting, Apr 28, 2015

Vard Holdings Limited, Annual General Meeting, Apr 28, 2015., at 10:00 Central European Standard Time. Location: NTUC Centre, No.1 Marina Boulevard, Level 7, Room 701. Agenda: To receive and adopt the directors' report and the audited accounts of the company for the financial year ended 31 December 2014 together with the auditors' report thereon; to re-elect Sung Hyon Sok, Director; to re-appoint Giuseppe Bono; to approve the payment of Directors' fees of SGD 500,000 for the financial year ending 31 December 2015; to re-appoint pricewaterhouseCoopers LLP as the auditors of the company and to authorize the Directors of the company to fix their remuneration; to transact any other ordinary business which may properly be transacted at an annual general meeting; and to consider authority to issue shares; and to consider renewal of shareholders' mandate for interested person transactions.

Vard Holdings Limited Announces Termination of Contracts

The board of directors of Vard Holdings Limited announced that on March 12, 2015, the company was notified that two affiliates of E.R. Offshore, customer, have filed for insolvency at a local court in Germany. The company's subsidiary is currently constructing one PSV for each of these companies at its shipyard in Vung Tau, Vietnam. It has received a 10% installment for one of the vessels. On 13 March 2015 the Group terminated the two shipbuilding contracts. The group does not expect to repay the prepayment received, and expects to be able to sell the vessels at a price that will cover the expected construction cost less the prepayment received.

 

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Industry Analysis

VARD

Industry Average

Valuation VARD Industry Range
Price/Earnings 12.1x
Price/Sales 0.3x
Price/Book 1.0x
Price/Cash Flow 7.8x
TEV/Sales NM Not Meaningful
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