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Latest Posts By nngeeh - Veteran      About nngeeh
First   < Newer   481-500 of 534   Older>   Last  

06-Jun-2015 16:40 Ezra   /   EZRA HOLDINGS - RED HOT NEWS       Go to Message
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nngeeh      ( Date: 06-Jun-2015 16:29) Posted:

If i recall correctly, Ezra is raising fund to redeem bonds that will be expiring soon. Raising fund thru rights wont hurt the wealth of Ezra as the company doesn't need to pay any interest unless bond but able to increase capital by issuing shares. The one that will suffer is the existing shareholders. Not only the current share price will suffer, and they will need to fork out fund for the rights. Once the threat of war in middle east subside, and Iran is able to srll oil, the oil price might be pressurised again. Interest is definitely raising and it'll be even more expensive to raise fund.. and thus the rights exercise. Their situation is quite identical to Swiber ( Swiber has few bonds that will be expiring soon). But swiber's rights are based on 1 r for 2 shares.. and Ezra is 2 R for 1 Share. Ezra's share will be further diluted. I think the outcome will be worst than swiber.

eastman123      ( Date: 06-Jun-2015 10:41) Posted:

Jimmy your post is good and helpful

My another concern is why Erza need to raise 400M. Their explanation is too general. It can't explain why it is so urgent. And major shareholder shall fully aware. This 2 right to 1 share will hurt his wealth.

I don't carry any Ezra.


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06-Jun-2015 16:29 Ezra   /   EZRA HOLDINGS - RED HOT NEWS       Go to Message
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x 0 		If i recall correctly, Ezra is raising fund to redeem bonds that will be expiring soon. Raising fund thru rights wont hurt the wealth of Ezra as the company doesn't need to pay any interest unless bond but able to increase capital by issuing shares. The one that will suffer is the existing shareholders. Not only the current share price will suffer, and they will need to fork out fund for the rights. Once the threat of war in middle east subside, and Iran is able to srll oil, the oil price might be pressurised again. Interest is definitely raising and it'll be even more expensive to raise fund.. and thus the rights exercise. Their situation is quite identical to Swiber ( Swiber has few bonds that will be expiring soon). But swiber's rights are based on 1 r for 2 shares.. and Ezra is 2 R for 1 Share. Ezra's share will be further diluted. I think the outcome will be worst than swiber.

eastman123      ( Date: 06-Jun-2015 10:41) Posted:

Jimmy your post is good and helpful

My another concern is why Erza need to raise 400M. Their explanation is too general. It can't explain why it is so urgent. And major shareholder shall fully aware. This 2 right to 1 share will hurt his wealth.

I don't carry any Ezra.


Jimmykohkk      ( Date: 05-Jun-2015 14:23) Posted:





 

Pacific Anders: Simarity with Swiber:

1) Price dropped when rights issue annoced.

2) In this case, roughly around XR, Andes is 1 to 2 days after XR, while Swiber was 2 days before XR, price went up. Reasons I guess is to encourage ppl to subscribe. In this case, the last day to press ATM was 20 Jan 2015. XR was 29 Dec 2014.

3) After right shares come into market, price generally and eventually  will fall due to overhang of extra new shares

4) When all the new shares are absorbed, price eventually will go up as u can see from the chart, March onwards price slowly went up

 

So is not wrong to say EZRA long term will go up, but when is the best time to buy Ezra.. For me I think will be around a few days before  n after  XR, but catching the absolute low may not be possible.

:)

 


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04-Jun-2015 11:14 Healthway Med   /   healthway, healthy?       Go to Message
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Agreed. Healthcare is in focus now - just look at O& G & AsiaMedic, Q& M. It' ll surely push up Healthway

teeth53      ( Date: 04-Jun-2015 10:58) Posted:

O&G offer at 0.25c is 12.8x it P.E.Ratio n now is almost about 25x in price earning ratio, (P.E.R.).

Healtyway share is considerable cheap to own, room for improvement. Upside chance is higher, downside risk limited.

So players. Is ur money, ur choice n is very personal.

teeth53      ( Date: 01-Jun-2015 14:28) Posted:



O& G' s ole ole oleangel...Healthway OhOhOh laughwatch health counters in play...yes


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04-Jun-2015 07:26 Singapore O&G   /   Singapore O&G (Healthcare Firm)       Go to Message
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So hard to get this IPO and you dare to short ?

ThankYou      ( Date: 04-Jun-2015 00:48) Posted:



Short?

victortan      ( Date: 04-Jun-2015 00:42) Posted:



who is gg to tikam here? I am. hope to make some fast kopi $..


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03-Jun-2015 13:46 TT Intl   /   BIG BOX on the Way       Go to Message
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During weekdays, there are hardly any customers there. There is a lot of space wastage, and the feeling is not as good as JEMS and Westgate. Will need to look at the result of the next quarter to see if there are any improvement.

tchoonw      ( Date: 03-Jun-2015 13:40) Posted:

It is a broken box now!

derekchong      ( Date: 03-Jun-2015 13:37) Posted:



you are right. location , location location.

if NTUC or Ikea buy over, how nice.

fat hope.

cheers.


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02-Jun-2015 22:39 Ezra   /   EZRA HOLDINGS - RED HOT NEWS       Go to Message
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i don' t think OPEC will cut production. Saudi wants to reduce the number of shale oil producers in US. The only way is to force the price down below cost. If they let the oil price float too high and too long, once the US oil producers recover their infrastructure cost, they will be able to complete with Saudi/ OPEC in future and it' ll not be good for OPEC members in long run.

The only reason why the oil price bounce back (even though the oil storage is already near their limits) is due to the war in middle east (like Syria and Yemen). Once the critical oil fields have been secured, the price might comes down again. Iran will be the other wild card - once the sanction has been lifted, Iran will start off-loading oil into the market, and that will drive down the oil price.

However, if the situation in Middle East worsen, we will see the oil price sustains at its current price or move higher. If we see the war situation improves, in near future, it' s better not to go long on oil. Just my thought. I believe the OPEC will keep the current production level in their next meeting

Jimmykohkk      ( Date: 02-Jun-2015 18:28) Posted:



How about if OPEC keep production at current high level? Would we see a repeat of last year Nov when oil price tank when OPEC did not reduce production?

I think better watch first... There bound to be ppl betting on OPEC reducing production and if they never, there  may be a sell off and u have to wait half a year later for the next OPEC meeting.

Chance of reduction = 20% I think.

But of course, luck favours the brave, so if one is brave enough to buy now betting on OPEC reducing production , then if really happens, will huat big big.. but the market sentiment is weak, even if oil shoot up , will be neutralised by the weak sentiment.

My views only. I would prefer to wait a little longer first becos of the current weak market. Today' s low may be tomorrows' high..

Lucky03      ( Date: 02-Jun-2015 15:22) Posted:

Ezion is going strong and Oil continues to climb. If OPEC surprises market for the Jun 5 mtg, there will be some good actions in the O&G sector.


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02-Jun-2015 13:43 Ezra   /   EZRA HOLDINGS - RED HOT NEWS       Go to Message
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Another good example will be China Fish. Before announcement, the price was hovering around 0.26~0.29 (history low). After the announcement, it dropped until 0.173 (the right issue price) within a short period.

Jimmykohkk      ( Date: 02-Jun-2015 11:51) Posted:



haha... look at cosmosteel.. u never expect it to drop from 45 cents to 19 cents in a few days right?

Dun underestimate BBs ok...

So if u cant beat them, join them lo in a way...

So if they short until low low, we buy lo.. :)  Then when they cover, we sell lo...

So I predict they  have to cover 3 days before XR (EX rights) in order to cover back their rights. So buy after CR and 3 days before XR (Ex right) lo..

Demostation      ( Date: 02-Jun-2015 10:28) Posted:



Some people die die must short.   Itchy hands, lol.

So low already still think shorting can make them laugh to the banks?   I doubt so. Hahaha.


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02-Jun-2015 09:29 Ezra   /   EZRA HOLDINGS - RED HOT NEWS       Go to Message
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As the O& G industry is not doing so well now, i think it is a risk not to state the rights issue price. The Shortist might push down the price, and since the rights will always be 50% of the price, it will not matter, and the shortise can pick up the rights at half the price. If they announce the rights issue price, at least the down will most likely be supported by the rights issue price. Just look at Pacific Andes & China Fish, the drop stopped at the right issue price. This could be a bad move from Ezra. Just my thought.
 
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01-Jun-2015 15:43 CWG Intl   /   60 to 40cents...time to pick up cheaply       Go to Message
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x 0 		Lately, other s-chip related companies have chiong too like china new town, weiye and depao. This has the same potential.

yzssss      ( Date: 01-Jun-2015 11:40) Posted:



just put in watchlist, i reckon the rise will be coming soon....

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01-Jun-2015 10:19 CWG Intl   /   60 to 40cents...time to pick up cheaply       Go to Message
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The stock fell from 30C to 10C in less than 20 trading days. There are so many gaps in between which the share price will need to fill the gaps.

yzssss      ( Date: 29-May-2015 07:15) Posted:



ytd high vol. hit 0.125, not sure if this is going to run like yuuzoo. but take note. and put in watchlist.

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01-Jun-2015 10:11 Ezra   /   EZRA HOLDINGS - RED HOT NEWS       Go to Message
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I believe in the end, the price movement will be very similar to Swiber. Can take reference from Swiber' s price movement pre and post rights.
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22-May-2015 17:24 Southern Arch   /   Blumont- Objective discussion only.       Go to Message
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If you look at the top 30 volumes, Attilan, Liongold and IPCO are there. Blumont was only in top 30 for awhile before dropping out. Could there be some news coming out that are related to the ABL group?
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19-May-2015 18:22 Swing Media Tech   /   undervalue stock       Go to Message
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Half year result: Earning per share (half year): 0.9 c (Sing), NAV: 0.34c (Sing), Cash and cash equivalent: 2c/ share

If the Earning for full year is consistent, the full year earning could be 1.8c which is equivalent of PE of 2.7. The standard PE is 10~15x. Furthermore, the current price is a huge discount to its NAV (0.05 vs 0.34). It' s cash is equivalent to 2c/share.

Unfortunately, the share price doesn' t seems to be in synch with the fundamental. If it is in accordance with the fundamental of 10~15x, the price should be at least 0.18c (which is still way below it' s NAV). Let' s see if the FY result is as good as the half year result

appleronaldo      ( Date: 19-May-2015 13:43) Posted:



Can swing how high?????????????

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11-May-2015 10:23 China Fishery   /   China Fishery - Low PE       Go to Message
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Agreed. Once BB has accumulated enough, the next stop should be above 0.20.

moron101      ( Date: 11-May-2015 10:15) Posted:

Strong resistance at 19c?
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01-May-2015 12:17 China Fishery   /   China Fishery - Low PE       Go to Message
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Pacific Andes owns 70% - Subscribed their entitlement (to transfer the fund to China Fish from their own rights exercise) and didn' t apply access.

Cariyle owns 10% - Didn' t subscribe their entitlement. The remaining shareholders make up the remaining 20%.

The valid subscribtion (exclude excess) is 84%. Meaning, these remaining 20% shareholders only apply 14%, and there are 16% rights available for excess application.

Technically, i believe all should get excess if they apply (14% valid with 16% available rights). Judging from the valid subscribtion of only 84%, i believe not many retailers took up their entitlement, and also applied for the excess. There should be a new BB who brought the righs, and applied the available 16% rights .... wondering who is that BB ...

  For China Fish, the most valuable is the fishing permit which allow them to up to 17% fishing quota (the highest in Peru). As their infrastructure is already built, their cost is more predictable, and with the redemption of Copeinca bond, it removes all the future uncertaininty. As long as CHF has the fishing permit (which Peru Goverment has stopped issuing new permit), their share value should be guaranteed.

Leongsan      ( Date: 01-May-2015 09:47) Posted:



At meeting Ng said only $100m LSA outstanding, $50m received end March and the balance in September 15.

What mystery will unfold wyth Carlyle? Recent events bring one to speculate that they had fallen out with Ngs.

If the chartists could look at the daily vol at near rights price and trading of rights, together with the excess allotment, someone had sold and someone else had bought alot of shares. Any pattern and comments?

Cornered?

Qanghoo      ( Date: 30-Apr-2015 16:56) Posted:



Think they still got money from LSA not received yet, right?  If so, n once that is done, probably 40% of the loan gone already.  Then if this n next yr profit hits 100 mil USD, n they withhold div, then by end next yr, the liability side shd look significantly better. 


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30-Apr-2015 11:25 Accrelist   /   We hldgs       Go to Message
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I' m also interested to know the reason for halt.

Normally, a company won' t halt to announce the right result unless there is a major change in the substiantial shareholders. Hopefully, it' s due to positive outcome of the 2 acquisitions. The right exercise should be successful as more than 600 million rights (out of the available 1100 rights) were purchased from the open market.

Tlc8888      ( Date: 30-Apr-2015 10:55) Posted:

The Co is calculating how many applied for the warrants and excess warrants, once concluded they will announce...

Demostation      ( Date: 30-Apr-2015 09:40) Posted:



Why still halted?   Should allow trading because people already knew that there were some corporate actions, so the purpose has been achieved and notice heeded.   No need for further halt.


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28-Apr-2015 10:12 China Fishery   /   China Fishery - Low PE       Go to Message
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The public float is just 20%, and there are few price gaps on the chart after the announcement when the price was pressed down to lowest 0.73. i believe those who have brought the rights less than 1c will want the price to fill those gaps before starting the offload it. They may even push it further north. If you look at Pacific Andes' s price, after the right shares start trading, it shot up 20% before the distribution occurs.

edwinjup      ( Date: 28-Apr-2015 09:58) Posted:



I am not keen to short any counter in sgx..all Kanna control....just feel that those bought right price at below 1c making a big fortune....their cost is below 18c...and can easily sell....huat la

nngeeh      ( Date: 28-Apr-2015 09:54) Posted:



Hi Bro edwinjup,

The right share will start trading on 30 April. Are you planning to short this counter?

I think China is still a sound counter. The reason for raising the right issues is to redeem the copenica bond, and they have already secured the cash to do so when Pacific Andes completed their right issue. As the substantial shareholder owns 80% (but Carylel didn' t take up the 10% of their rights), this exercise is a formallity to transfer the cash raised  by Pacific Andes to China Fish.

I believe their price was pressed down recently by BB to buy the rights at a super cheap price. Their NAV is more than 0.40 USD which consist of the valuable Peru Fishing Permit.

Even if the price might come down slightly when the right shares start trading, i doubt it' ll go back to the price we seen during the rights exercise. Furthermore, i didn' t any consolidation announcement issued by them when their share price is below 0.2 to meet the min 0.2 price. I believe the price will be supported above 0.2.


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28-Apr-2015 09:54 China Fishery   /   China Fishery - Low PE       Go to Message
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Hi Bro edwinjup,

The right share will start trading on 30 April. Are you planning to short this counter?

I think China is still a sound counter. The reason for raising the right issues is to redeem the copenica bond, and they have already secured the cash to do so when Pacific Andes completed their right issue. As the substantial shareholder owns 80% (but Carylel didn' t take up the 10% of their rights), this exercise is a formallity to transfer the cash raised  by Pacific Andes to China Fish.

I believe their price was pressed down recently by BB to buy the rights at a super cheap price. Their NAV is more than 0.40 USD which consist of the valuable Peru Fishing Permit.

Even if the price might come down slightly when the right shares start trading, i doubt it' ll go back to the price we seen during the rights exercise. Furthermore, i didn' t any consolidation announcement issued by them when their share price is below 0.2 to meet the min 0.2 price. I believe the price will be supported above 0.2.

edwinjup      ( Date: 27-Apr-2015 17:43) Posted:

When the right share listed??
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27-Apr-2015 16:18 Accrelist   /   We hldgs       Go to Message
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If WE Holding is able to complete the acquisition of HUA KAI - Land reclamation in Singapore and 20% of Dragon Cement, it' ll really help to increase WE Holding' s profile. Both are sound business, but both are non-binding.

The latest volume could indicate good progress on both acquisition

treetops      ( Date: 27-Apr-2015 16:06) Posted:



yes

treetops      ( Date: 20-Apr-2015 10:57) Posted:



Something is brewing. So many buy for warrant share. Got hope for mother share.

Time to buy some for profit! yes


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04-Nov-2014 22:48 TIH   /   Transpac       Go to Message
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I' m curious on why some of the shareholders prefer to exercise their warrant at 1.28 instead of buying from the Market which is cheaper (even after the commission)? This has happens few times (even when the share price was less than 1.20).
 

LOVEYOURSELF      ( Date: 04-Nov-2014 10:39) Posted:



GOOD MORNING to everyone.......

Trust  that U all are enjoying investing.....

Very quiet  here. Any news?

1st warrants ex would  end soon.

What  is  likely to happen?  What say U?

Cheers.

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