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EZRA HOLDINGS - RED HOT NEWS
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xuxuxu
Senior |
30-Aug-2015 16:13
Yells: "Flow With The Money" |
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Just A Gentle Reminder MOUs are not legally binding, just stronger than a gentlemen&rsquo s agreement all this just seems like a big bull trap(pump & dump) to me just dont be caught unaware do your own DD
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happyharvest
Elite |
30-Aug-2015 15:39
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x 0
x 0 Alert Admin |
I am saying if the deal is approved. I did not say it will not approve. read properly.
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didisiaosiao
Master |
30-Aug-2015 15:35
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x 0
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Why wld they not approve?
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happyharvest
Elite |
30-Aug-2015 15:12
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x 0
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If the deal is approved, what is the fair value of Ezra? |
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teeth53
Supreme |
30-Aug-2015 13:02
Yells: "don't learn through life, learn to grow with life " |
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Pressure on OPEC is actually the greatest within the oil cartel. OPEC' s secretariat requesting action, It stopped short of a call for a production cut. More recently, Iran' s oil minister said, his country would increase oil production " at any cost," but also supported an emergency OPEC meeting before the scheduled summit in December in order to discuss the group' s strategy. More and more OPEC members are clamoring for a cutback in the cartel' s production. If Saudi strategy of pursuing mkt share has not worked, and even its colleagues inside OPEC want a policy change. Riyadh would consider, perhap decide to restrict production in order to boost prices? Why oil prices could remain above U.S.$40/- per barrel. There' s less chance for Riyadh to retreat now, as the worst pain is not felt yet as compare to rival producers. Sure, Saudi is suffering from low prices, its competitors are hurting worse. as U.S. oil production, after years of blistering growth, has not only ground to a halt. It has started to decline. March output [email protected] per day (mb/d), dropping to 9.51 mb/d in May (the mth for which accurate data is available). In all likelihood, U.S. oil production will continue to decline the longer Saudi holds out. Several companies have already gone bankrupt, and more are no doubt coming. That allow Saudi to achieve its goal of holding onto mkt share, and letting prices adjust on the back of rival producers. To highlight this point, Saudi decision to cut its budget should be seen not as evidence that it is buckling under crushing weight of low prices, but that it is in the game for the long haul. Shrinking Saudi budget, cutting spending to fit on world depressed, is positioning itself to ride as far as it goes is actually a signal of Saudi govt' s resolve in regards to its current oil strategy, not a sign of wavering. teeth53 thot other wise - Saudi will not wait for too long till is too late, as it has to fight a prolong ground war in Yemen. Some form of a common kind of agreement will come to term with it. See how oil spike.
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teeth53
Supreme |
30-Aug-2015 12:28
Yells: "don't learn through life, learn to grow with life " |
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Saudi Arabia is under tremendous pressure. As War goes into ground war in Yemen. Saudi is going to slash spending by a staggering 10% as it seeks to stop it growing bigger budget deficit. Not when oil prices kept falling, Saudi will have to continue to draw down on its foreign exchange. Pain was manifesting itself, turning to bond markets, it forced Saudi to issue bonds with maturities over 12 months for the 1st time in 8-years, raising U.S$10 billion. With all damage done inflicting upon major oil producers. Riyadh even had to booked, to rise US$ 10 billion. teeth53 thot - Saudi n big oil producers players cannot tahan oil prices going lower low.
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Rammerjammer
Veteran |
30-Aug-2015 12:13
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x 0
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Went casino gambled away a building very good hor...haha | ||||
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teeth53
Supreme |
30-Aug-2015 11:51
Yells: "don't learn through life, learn to grow with life " |
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Ezra said the total value of the deal, when including Emas AMC' s 3rd-party net debt of US$530 mil and a further US$360 mil in long-term funding from Ezra, would amount to US$1.25 billion. Chiyoda is sharing also 50% of the debt, It is strengthening Ezra' s balance sheet. Chiyoda president and CEO. Shogo Shibuya, It had been looking for opportunities to expand into the upstream oil and gas business - a portfolio it would build as its " next core business" . " With the establishment of Emas Chiyoda Subsea, we are in a position to provide comprehensive services to our clients... throughout the life cycle of any offshore oil and gas project." The transaction, though still subject to the approval of Ezra shareholders and other conditions, is expected to close by the year-end.
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teeth53
Supreme |
30-Aug-2015 11:32
Yells: "don't learn through life, learn to grow with life " |
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x 0
x 0 Alert Admin |
No danger liao. oil surge. better than expected. Dow closing on Friday, this' s a good sign, very good for Ezra to run higher on the Monday. 
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Rammerjammer
Veteran |
30-Aug-2015 11:00
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x 0
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The only thing geniune is share price. If is cheap, must be a reason. Just another construction company that price crawl like snail cos of lavish lifestyle, night club, lim jui etc..all book company's expense. Thanks to gongkia share holders. | ||||
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Rammerjammer
Veteran |
30-Aug-2015 10:54
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Lousy stock lah..heard someome say so extravagant lifestyle, want to eat laksa, fly to penang eat and back...this type will spend your money like water. Print paper exchange for money type. | ||||
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hem2998
Veteran |
30-Aug-2015 09:48
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x 0
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Lionel did say in his interview it will take 3-5 years...so no rush | ||||
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victortan
Elite |
30-Aug-2015 09:38
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if oil is back up to 60, i think this one could be ard 40/50c. |
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HESOPJ
Member |
29-Aug-2015 13:16
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I believe this is from RHB http://rhbosk.ap.bdvision.ipreo.com/NSightWeb_v2.00/Handlers/Document.ashx?i=ca276f14998b4cdc8f9ecb6f0a1fc2a3
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didisiaosiao
Master |
29-Aug-2015 12:52
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x 0
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Who are e WE?
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dead44
Senior |
29-Aug-2015 12:36
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x 0
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No need to conso
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HESOPJ
Member |
29-Aug-2015 12:34
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Thursday' s recovery was driven by two factors, the most prominent of which, the FT suggests, was Shell closing two pipelines and cutting shipments from Nigeria, Africa' s largest oil producer. At a time when the market is heavily oversupplied this gave cheer to traders who were already buying on the back of a continued strong rally in equities and improved economic growth figures in the US. A second factor was traders covering ' short' positions &ndash bets the price would fall &ndash in the face of the surprise rebound. Investors such as hedge funds " scrambled to buy back positions&hellip squeezing prices higher" . Source: http://www.theweek.co.uk/oil-price/60838/oil-price-rises-is-this-the-end-of-the-slump
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daoism84
Member |
29-Aug-2015 12:30
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» Crystallising value with sale at effectively book value. Ezra will book a small USD2m gain on the sale, which stands in stark contrast with the group?s current market valuation, which is at c.0.2x P/BV. Note that our adjusted sale-EV is USD890m (USD360m equity plus USD530m of third party debt. We stripped out the USD360m intra-company loan which Ezra includes as part of the deal value.)
» De-risking operations and deleveraging the company. This sale has double benefits in operational and financial terms. Ezra?s operational risks are now shared with Chiyoda Corp (6366 JP, NR) in equal parts. Financially, Chiyoda now shares half the working capital requirements of the USD2bn of subsea projects in Ezra?s orderbook, and the USD180m cash inflow will help reduce the group?s net gearing to c.80%. We also expect its EBITDA-interest coverage ratio to improve next year. » Cash inflow is 78% of current market cap. This cash inflow is worth a full 78% of its market cap, and Ezra still owns the other 50% of AMC. It also owns 75% of EOL (EMAS SP, NR) and 61% of Triyards (ETL SP, BUY, TP: SGD0.84). The current market price values both subsidiaries below zero (see Figure 2). » Still maintaining conservatism in valuation. This successful sale vindicates our belief that the market has been overly pessimistic on Ezra, sending it to deep-value territory. We raise our TP to SGD0.36, incorporating a 20% discount to the sale-EV of AMC, c.0.6x P/BV for EOL and 1x P/BV for Triyards. Without the 20% discount, our TP would be SGD0.45 (see Figure 3). We also see long-term upgrade potential in Ezra from operational outperformance at Triyards, which could lead to a re-rating above our highly-conservative 1x P/BV. Key risks continue to be its subsea project execution and vessel utilisation rates. |
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risktaker
Supreme |
29-Aug-2015 11:17
Yells: "Posts are opinions. Do not take it as investment advise " |
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likely to consolidate 5 to 1
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danger
Supreme |
29-Aug-2015 09:34
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CRUDE OIL SURGE UP CRAZY + 6.25% TO US$ 45.33 AFTER THE 10% RALLY YESTERDAY |
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