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EZRA HOLDINGS - RED HOT NEWS
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GuavaXF30
Elite |
24-Jul-2015 08:57
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Not a good sign of after some small recovery it has continued it' s downward trend. Where is the bottom ?
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fernvale
Master |
24-Jul-2015 06:49
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Consolidation? Can be like citigroup oso. But key is oil price
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Lucky03
Elite |
23-Jul-2015 23:41
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Is the "primary option" referring to the Conversible Bonds ? Why no update of the progres of the issuance of CB ?
Convertible Bonds Issue Ezra intends to raise approximately S$200 million (approximately US$150 million) of convertible bonds. The company will seek the approval for the listing and quotation of the convertible bonds and the conversion shares from the SGX-ST, after receiving shareholder approval for the proposed rights issue and convertible bonds issue. The convertible bonds issue is expected to take place after the pricing of the rights issue. ?The convertible bonds market is interesting to us, as it presents an opportunity to broaden our investor base, potentially reduce our debt financing costs and introduce more liquidity into our balance sheet,? said Mr Cheng. ?Furthermore, together with our advisors, we believe that the convertible bonds issue will generate high level of interest given that it represents an attractive opportunity for institutional and accredited investors seeking to participate in the medium to long term prospects of the offshore oil and gas industry, thereby underpinning the potential success of the issuance. ?Notwithstanding the attractiveness and availability of the convertible bonds as an alternative, we are also simultaneously looking at other financing options that are typically available to us, for example, unlocking capital in certain existing vessel assets via sale and leaseback type transactions. Ultimately, we intend to redeem the Perpetual Securities before its step up date and balance our long term capital structure with cost efficient financing.?
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Lucky03
Elite |
23-Jul-2015 23:35
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Given the update below of obtaining in-principle approval for additional financing, what does that mean to the plan for the issuance of Convertible Bonds ?
"In addition, the Group remains focused on other initiatives to call the S$150 million perpetual securities in September 2015. The Group?s key relationship banks have also obtained in-principle approval for additional financing lines to support the upcoming refinancing activities, in addition to its primary options." |
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Kyoto2008
Elite |
23-Jul-2015 23:16
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I have reservations about Ezra. no.1. It' s price is now below 20cents. Which means if it stays that way, consolidation is certain. Supposing 1000 to 100. Price suddenly becomes 10 times more. To me, it may be bad news, because price can drop. And then if you own Ezra, about discounting 10 times, you face further price depreciation. The opposite can happen but how likely? Given oil price seems to be at the mercy of oil surpluses. No. 2. will this co fold up? If it does, shareholders will get hit first. How can we be sure Ezra can survive for one year, two, three? Even if I am a long term investor, willing to hold, why would I take the risk to hold Ezra as compared to another company? Yes, price is low now. I do agree. But what' s the benefit of buying? Don' t be fooled. DYODD. |
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victortan
Elite |
23-Jul-2015 22:54
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really sad to hear this, me too loss lot of money in s-chip. At least, u can still see your money no matter how small, but me kiss them goodbye forever. hahaha... I know got one guy who bought COSCO at 6$ plus and still holding. To prevent this from happening, I think we shd have cut loss for all vestment, be they value or trading. we can nvr know.
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Kyoto2008
Elite |
23-Jul-2015 22:54
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why won' t it go bankrupt?
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lglg666
Supreme |
23-Jul-2015 22:54
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Me...made it three of us ha ha. Somehow it will manage to bite me whenever I vested in these two.
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fernvale
Master |
23-Jul-2015 22:43
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Alot lost in this and swiber over the yrs, if they bought high like my father. I just got into this last wk...hope will be gd few yrs dwn the rd
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Juzztrade
Master |
23-Jul-2015 22:26
Yells: "Techincal and long term investor" |
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I have lost heavily in this counter and I don' t think I can ever break even. Luckily my dividend from SPH is enough to cover the lost. |
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Lucky03
Elite |
23-Jul-2015 22:25
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China?s Oil Buying Rules Further Loosened Amid Record Imports
23 Jul 2015 7:12:57 pm China is loosening restrictions under which companies are allowed to import oil, a move that may solidify it?s spot above the U.S. as the world?s largest importer. The government announced new guidelines on Thursday that opens the door to the direct purchase of crude on the international market by independent refineries, known in the industry as teapots. It?s the latest step in a rapid deregulation of a business that less than a year ago was limited to either government-owned oil processors or trading companies required to sell to them. ?This would be the first time non-state refiners are potentially being granted licenses,? Liu Aiying, president of Shandong Oil Refining Association, which represents independent refiners, said by phone Thursday. ?Previously, there were dozens of non-state companies that had such rights, but not many utilized them because they were forced to sell to refineries owned by the nation?s top two oil companies.? The rules released Thursday build upon an earlier opening by regulators in February that eventually led to five independent refiners being granted licenses to process imported crudes -- though not allowing them to buy it directly. Shandong Dongming Petrochemical Co., Sinochem Hongrun Petrochemical Co., Panjin North Asphalt Co., Shandong Lijin Petrochemical Co. and Kenli Petrochemical Co. have been granted licenses to process a combined 25.8 million metric tons of imported oil a year (about 518,000 barrels a day). Those first five teapots are probably the front-runners to get the direct import license later this year, according to Liu. The country?s refiners processed almost 10.6 million barrels a day last month, according to the National Bureau of Statistics. Futures Liquidity The new licenses are open to refiners that have at least one crude distillation unit that can process no less than 2 million tons a year and an available credit line of $1 billion certified by commercial banks, the Ministry of Commerce said in a statement posted on its website on Thursday. The companies must also have a team of at least five people with over five years of international trading experience and oil storage capacity of 300,000 tons, according to the statement. China, the world?s second-largest oil consumer, is widening access to crude supplies as imports rise to a record amid a global supply glut that?s driven prices down by about half in the last 12 months. The country imported about 7.2 million barrels a day in June, topping inbound shipments to the U.S. last month that averaged 7.08 million barrels a day. The import licenses will also add liquidity to China?s planned oil futures market, said Ivan Szpakowski, a Hong Kong-based analyst with Citigroup Inc. ?Allowing more companies to have the right to import will create more buyers for the physical delivery mechanism? in the futures contract to be started in Shanghai, Szpakowski said. |
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Lucky03
Elite |
23-Jul-2015 22:18
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LL bought 2,000,000 nil-paid rights at about $0.04 from the market and subscribed fully including the 2,000,000.
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Aloser
Member |
23-Jul-2015 20:30
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No need to think too long la, such a simple matter: if I nave 137m of rights and I don' t want to subscribe, I can simply dump them in the market, they had price, not NIL value in the market. So those people renounced to exercise their right, must either be out of their mind, or there was sudden financial issue, who knows? UNLESS they suddenly (after thefinal rights trading date), become to believe that the XR share price would go below 10.5. If not, you can not take the others as donkeys. Even I am negative about the company, I have to claim my shares and SELL then, to reduce my loss. If I can get excess, why I can' t celebrate? I am not helping Lionel, I am helping myself.
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pnuklis
Master |
23-Jul-2015 17:51
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Just think for a while! If you are holding mother shares and awarded rights why would you not pick up those rights? Either you don' t believe in e company future and risk dilution of your share and for sure you believe that the diluted shares will not get back to original level as it should be in the normal course. Just imagine if you have 137 million rights not taken up then how many mother share holders feel it is not worth it? Here people are celebrating getting excess. Lionel is laughing all the way to the bank! |
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fernvale
Master |
23-Jul-2015 10:20
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x 0 Alert Admin |
Yup. Sign of major correction, distn
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Lucky03
Elite |
23-Jul-2015 09:53
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Even IPCO can move up 50% from 0.04 to 0.06 over last few weeks. | ||||
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Lucky03
Elite |
23-Jul-2015 09:48
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There is a rally on penny stock. This is usually the early sign of a mini market rally. It will be a musical chair. Wait for O&S turn. | ||||
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delsolvtec
Member |
23-Jul-2015 09:43
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drunk? or havent recover from hari raya celebrations?
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edwinjup
Supreme |
23-Jul-2015 07:54
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If u apply 100 lots excess....maybe u will get 20 lots excess.....may need to keep in fridge for a year....lok
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edwinjup
Supreme |
23-Jul-2015 07:51
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