Comments on: STX Buys Stake in Aker Yards http://www.rjkoehler.com/2007/10/24/stx-buys-stake-in-aker-yards/ Korea... in Blog Format Sun, 12 Oct 2008 18:47:36 +0000 http://wordpress.org/?v=2.6.2 By: STX Completes Their Takeover of Aker Yards | The Marmot's Hole http://www.rjkoehler.com/2007/10/24/stx-buys-stake-in-aker-yards/#comment-182503 STX Completes Their Takeover of Aker Yards | The Marmot's Hole Mon, 18 Aug 2008 16:33:38 +0000 http://www.rjkoehler.com/2007/10/24/stx-buys-stake-in-aker-yards/#comment-182503 [...] in October of last year, Korean ship builder STX acquired an almost 40% stake in Norway’s Aker Yards, one of Europe’s largest ship builders.  It was a strategic [...] [...] in October of last year, Korean ship builder STX acquired an almost 40% stake in Norway’s Aker Yards, one of Europe’s largest ship builders.  It was a strategic [...]

]]> By: snow http://www.rjkoehler.com/2007/10/24/stx-buys-stake-in-aker-yards/#comment-115680 snow Mon, 29 Oct 2007 18:49:50 +0000 http://www.rjkoehler.com/2007/10/24/stx-buys-stake-in-aker-yards/#comment-115680 Sorry for not reading your post closely, boshintang. Yes, you're right, STSHF is not listed. Sounds like it might be one of STX's unlisted affiliates, of which they may have several, I'm not sure. Just recently, they took one of those affiliates public in an IPO and demand for the shares was heavy, so maybe STSHF is one that they are holding for a possible future IPO? Sorry for not reading your post closely, boshintang. Yes, you’re right, STSHF is not listed. Sounds like it might be one of STX’s unlisted affiliates, of which they may have several, I’m not sure. Just recently, they took one of those affiliates public in an IPO and demand for the shares was heavy, so maybe STSHF is one that they are holding for a possible future IPO?

]]> By: boshintang http://www.rjkoehler.com/2007/10/24/stx-buys-stake-in-aker-yards/#comment-115604 boshintang Mon, 29 Oct 2007 04:17:42 +0000 http://www.rjkoehler.com/2007/10/24/stx-buys-stake-in-aker-yards/#comment-115604 Snow, like I said, don't confuse STX with the stock code STX. ;-) As far as the one that's publicly traded, look up the stock code. The STX ship-building company that is referred to in the article is STSHF. Snow, like I said, don’t confuse STX with the stock code STX. ;-) As far as the one that’s publicly traded, look up the stock code. The STX ship-building company that is referred to in the article is STSHF.

]]> By: snow http://www.rjkoehler.com/2007/10/24/stx-buys-stake-in-aker-yards/#comment-115540 snow Sun, 28 Oct 2007 16:01:11 +0000 http://www.rjkoehler.com/2007/10/24/stx-buys-stake-in-aker-yards/#comment-115540 boshinting, I'm not sure which stock you're talking about, but the one I know about certainly is a publicly traded stock and is involved in shipping. There are several affiliates, such as STX Engines, I believe, and STX Chosen, among others. I've seen them perform on a daily basis and the STX stock I was watching is very volatile. I think they may be involved in disk drives, but are also involved in lots of other things as they are quite large. They do have ads on tv showing an ice breaker. And I see it's listed under distribution (logistics?) companies on the KOSPI. Then again, there's an STX Pan Ocean stock so maybe that's the one that builds ships, but I think that's an affiliate, anyway. boshinting, I’m not sure which stock you’re talking about, but the one I know about certainly is a publicly traded stock and is involved in shipping. There are several affiliates, such as STX Engines, I believe, and STX Chosen, among others. I’ve seen them perform on a daily basis and the STX stock I was watching is very volatile. I think they may be involved in disk drives, but are also involved in lots of other things as they are quite large. They do have ads on tv showing an ice breaker. And I see it’s listed under distribution (logistics?) companies on the KOSPI. Then again, there’s an STX Pan Ocean stock so maybe that’s the one that builds ships, but I think that’s an affiliate, anyway.

]]> By: boshintang http://www.rjkoehler.com/2007/10/24/stx-buys-stake-in-aker-yards/#comment-115537 boshintang Sun, 28 Oct 2007 15:30:47 +0000 http://www.rjkoehler.com/2007/10/24/stx-buys-stake-in-aker-yards/#comment-115537 This sounded like another pump-and-dump scheme until I looked up STX (stock code: SXSHF) and realized it isn't a publicly-traded stock (listed with the OTC). By the way, not to confuse STX with the stock code STX, which is "Seagate Technology," but actually has nothing to do with the sea (they make disk drives). This sounded like another pump-and-dump scheme until I looked up STX (stock code: SXSHF) and realized it isn’t a publicly-traded stock (listed with the OTC).

By the way, not to confuse STX with the stock code STX, which is “Seagate Technology,” but actually has nothing to do with the sea (they make disk drives).

]]> By: snow http://www.rjkoehler.com/2007/10/24/stx-buys-stake-in-aker-yards/#comment-115380 snow Sat, 27 Oct 2007 10:18:05 +0000 http://www.rjkoehler.com/2007/10/24/stx-buys-stake-in-aker-yards/#comment-115380 I remember that he said that the government nixed STX's plan to build ultra large sized tankers and told STX they could only build smaller ships there as China wants to move into building the large ones and didn't want competition. But as I said, I will ask him where he got his info from. I remember that he said that the government nixed STX’s plan to build ultra large sized tankers and told STX they could only build smaller ships there as China wants to move into building the large ones and didn’t want competition. But as I said, I will ask him where he got his info from.

]]> By: snow http://www.rjkoehler.com/2007/10/24/stx-buys-stake-in-aker-yards/#comment-115379 snow Sat, 27 Oct 2007 10:13:52 +0000 http://www.rjkoehler.com/2007/10/24/stx-buys-stake-in-aker-yards/#comment-115379 Linkd, I heard that from a friend who's a (foreign) day trader here in Korea. He follows STX very closely, but I don't know where he got his info from. I just assumed that he picked this up from the news, but from what you say, my assumption must have been wrong. He knows a number of fund managers and others in the financial and brokerage biz, and sometimes gets tips (the quality of the tips varies), but I'm not sure how accurate that info is. I will ask him next time I see him as he just mentioned it to me in passing when discussing STX, which I had never heard of until then. Linkd, I heard that from a friend who’s a (foreign) day trader here in Korea. He follows STX very closely, but I don’t know where he got his info from. I just assumed that he picked this up from the news, but from what you say, my assumption must have been wrong. He knows a number of fund managers and others in the financial and brokerage biz, and sometimes gets tips (the quality of the tips varies), but I’m not sure how accurate that info is. I will ask him next time I see him as he just mentioned it to me in passing when discussing STX, which I had never heard of until then.

]]> By: Linkd http://www.rjkoehler.com/2007/10/24/stx-buys-stake-in-aker-yards/#comment-115239 Linkd Fri, 26 Oct 2007 14:43:58 +0000 http://www.rjkoehler.com/2007/10/24/stx-buys-stake-in-aker-yards/#comment-115239 For the record, I tried my best to do something about the "World Best" logo, suggesting maybe they could keep using it in Korea, but not externally. My opinion, alas, must go looking elsewhere for the respect it deserves. For the record, I tried my best to do something about the “World Best” logo, suggesting maybe they could keep using it in Korea, but not externally. My opinion, alas, must go looking elsewhere for the respect it deserves.

]]> By: Linkd http://www.rjkoehler.com/2007/10/24/stx-buys-stake-in-aker-yards/#comment-115238 Linkd Fri, 26 Oct 2007 14:41:17 +0000 http://www.rjkoehler.com/2007/10/24/stx-buys-stake-in-aker-yards/#comment-115238 If you're talking about the STX Dalian shipyard, Snow, then you've got an inside scoop on some major news, there. I just worked on a brochure for STX that trumpeted quite proudly about the Dalian venture, and I don't think there's been any official reports of it being snuffed. If you’re talking about the STX Dalian shipyard, Snow, then you’ve got an inside scoop on some major news, there. I just worked on a brochure for STX that trumpeted quite proudly about the Dalian venture, and I don’t think there’s been any official reports of it being snuffed.

]]> By: snow http://www.rjkoehler.com/2007/10/24/stx-buys-stake-in-aker-yards/#comment-115221 snow Fri, 26 Oct 2007 10:43:10 +0000 http://www.rjkoehler.com/2007/10/24/stx-buys-stake-in-aker-yards/#comment-115221 I agree with WangKon on this one. I think this takeover by STX will be a good thing for all involved (except the unions). The European shipbuilding industry has been on a long decline and this will be one of the ways to prolong its life. For Korea and STX, it is a good move, as the Chinese are moving up fast, as WK notes. I heard from an STX watcher that they tried to set up shop in China to build ultra large size tankers (something like 500,000 ton size, I think?), but the Chinese government stepped in and nixed the project, even after it had been approved by several layers of government and after STX had spent over a billion on a site. I agree with WangKon on this one. I think this takeover by STX will be a good thing for all involved (except the unions). The European shipbuilding industry has been on a long decline and this will be one of the ways to prolong its life. For Korea and STX, it is a good move, as the Chinese are moving up fast, as WK notes. I heard from an STX watcher that they tried to set up shop in China to build ultra large size tankers (something like 500,000 ton size, I think?), but the Chinese government stepped in and nixed the project, even after it had been approved by several layers of government and after STX had spent over a billion on a site.

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