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Latest Forum Topics / Ezra    Last:0.011 --  Post Reply
EZRA HOLDINGS - RED HOT NEWS
Lucky03
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23-Jul-2015 00:00     
 
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 Alert Admin 		EXCESS APPLICATIONS
A total of 137,949,514 Rights Shares, comprising fractional entitlements that were disregarded in arriving at the Shareholders? entitlements to Rights Shares, Rights Shares which were not validly taken up and Rights Shares which were not otherwise allotted for whatever reason in accordance with the terms and conditions of the Rights Issue, will be allotted to satisfy excess applications for Rights Shares.
In compliance with the conditions set out in the approval in-principle granted by the SGX-ST on 4 June 2015, in the allotment of excess Rights Shares, preference will be given to the rounding of odd lots, and Directors and Substantial Shareholders who have control or influence over the Company in connection with the day-to-day affairs of the Company or the terms of the Rights Issue, or have representation (direct or through a nominee) on the Board, including the Undertaking Shareholders, shall rank last in priority for the rounding of odd lots and the allotment of excess Rights Shares.
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Lucky03
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22-Jul-2015 23:52     
 
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 Alert Admin 		Ezra Holdings Limited (?Ezra? or the ?Group?), a leading contractor and provider of integrated offshore solutions to the oil and gas (?O&G?) industry, today announced that their renounceable underwritten Rights Issue has been oversubscribed, with a subscription ratio of 1.3x.
The Group would like to thank shareholders for their support, which has been key for the successful completion of the rights offering.
The gross proceeds of approximately S$200 million (US$150 million) from the issue of the rights will be primarily used to repay upcoming fixed rate notes due September 2015. The equity raised will strengthen the balance sheet of Ezra and reduce the Group?s net gearing level. 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.
Credit Suisse (Singapore) Limited is the Sole Financial Advisor, Sole Global Coordinator and Lead Manager of the Rights Issue. Credit Suisse (Singapore) Limited and DBS Bank Ltd. are Joint Underwriters of the Rights Issue.
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niteowl68
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22-Jul-2015 23:32     
 
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Can' t seem to open direct to the PDF file so try this link below:

http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content& B=AnnouncementTodaySecurity& F=R44KD2A1QCWK3QNA& H=a8277f98fd60693a3cd3583f05983d0c21f1b0dc20ba0c0ba82a46ed89df3f0f

niteowl68      ( Date: 22-Jul-2015 23:28) Posted:



For full announcement, see Sgx link below


http://infopub.sgx.com/FileOpen/Ezra%20Completion%20of%20Rights%20Issue%20Press%20Release.ashx?App=Announcement& FileID=361189

niteowl68      ( Date: 22-Jul-2015 23:25) Posted:

General Announcement:
Rights issue oversubscribed with a subscription ratio of 1.3x, signifying
strong shareholders&rsquo support for the Group
Those who applied for excess will most likely not get any extra or just get some odd shares for rounding to 100shares for trading.
 
Ezra will start to cheong tomw!
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niteowl68
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22-Jul-2015 23:28     
 
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For full announcement, see Sgx link below


http://infopub.sgx.com/FileOpen/Ezra%20Completion%20of%20Rights%20Issue%20Press%20Release.ashx?App=Announcement& FileID=361189

niteowl68      ( Date: 22-Jul-2015 23:25) Posted:

General Announcement:
Rights issue oversubscribed with a subscription ratio of 1.3x, signifying
strong shareholders&rsquo support for the Group
Those who applied for excess will most likely not get any extra or just get some odd shares for rounding to 100shares for trading.
 
Ezra will start to cheong tomw!
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niteowl68
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22-Jul-2015 23:25     
 
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General Announcement:
Rights issue oversubscribed with a subscription ratio of 1.3x, signifying
strong shareholders&rsquo support for the Group
Those who applied for excess will most likely not get any extra or just get some odd shares for rounding to 100shares for trading.
 
Ezra will start to cheong tomw!
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Octavia
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22-Jul-2015 23:13     
 
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Result of rights issue is out.

http://infopub.sgx.com/FileOpen/Ezra%20-%20Results%20of%20Rights%20Issue%20Announcement.ashx?App=Announcement& FileID=361188
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delsolvtec
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22-Jul-2015 22:29     
 
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 Alert Admin 		once the new Rights share come online. This ezra will plunge , thats my guess. Ho hum, anyway doubt they will go bankrupt.... so may be a good time to load up in that event..... So old shareholders should hv subscribed to the shares... new buyers buy after the right shares r in play. Then everyone pray for oil to go up.

KAMAL0883      ( Date: 22-Jul-2015 16:44) Posted:



main factors are market sentiment + rights issue ....

99% of the shareholders will apply for excess share at $0.105 and sell off with 5 cents profit margin why not right ?

as mentioned earlier if Lionel really want to rescue Ezra the excess share allotment  must cap at lower limit, mean only alloted for rounding up ...

but i really doubt so cos Ezra really short of cash and very hard-up for cash to redeem the Bonds

 

virinvictus      ( Date: 22-Jul-2015 15:04) Posted:



I am vested in Ezra.

Please explain your rationale that Ezra will go to 10 cents.
Is it based on hard facts?
Or is it based on rights issue?
Or is it purely based on market sentiments?

I am really interested to know. This post is not meant to criticise. I am serious with my money :-)


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Aloser
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22-Jul-2015 21:34     
 
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I also think that Underwriters do not have priviledge over existing shareholder (rights holder), regarding the excess share allotment.

Whether the company would enlarge the size of right share issue, I think " no" .   it has probalbly already been predetermined in the " terms" . Or not.   I forgot, need to read the anouncement again.

Now the major issue I think, is not the rights shares, but the next convertible bond, the pricing of conversion price! Don' t know what' s going to happen. Hope it will be dropped as hinted. Anyway, I think the current price of Ezra is already deeply discounted, I believe the downside room is very limited. 

Lucky03      ( Date: 22-Jul-2015 21:05) Posted:

In the event that rights shares not fully taken up, underwriters has an obligation to take them up themselves. However, I suspect the first rights to such shares should be given to shareholders who applied for excess ? Of course when rights shares fully subscribed, the board has the prerogative to decide how much more they want to allocate to satisfy excess applications. Their primary concern will be the amount of additional funds that they can raise from such excess applications and if they will find them useful. I doubt they will be significant enough to dilute the shareholding of the major shareholders.

niteowl68      ( Date: 22-Jul-2015 20:09) Posted:



A lot of investors here are dreaming of getting all their excess application alloted. That will not happen as Ezra is trading above 15c and Rts price is 10.5c.. for every lot the premium is $45 so the two UWs will be better off if they take over all the Rts shares (not applied for) and sell them off later in the open market. 

There is also a confused delsolxxxx investor who is still talking about buying the Rts??? which had already stopped trading last week.. still having Hari Raya holiday hangover I presumed. :-) 


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Lucky03
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22-Jul-2015 21:05     
 
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 Alert Admin 		In the event that rights shares not fully taken up, underwriters has an obligation to take them up themselves. However, I suspect the first rights to such shares should be given to shareholders who applied for excess ? Of course when rights shares fully subscribed, the board has the prerogative to decide how much more they want to allocate to satisfy excess applications. Their primary concern will be the amount of additional funds that they can raise from such excess applications and if they will find them useful. I doubt they will be significant enough to dilute the shareholding of the major shareholders.

niteowl68      ( Date: 22-Jul-2015 20:09) Posted:



A lot of investors here are dreaming of getting all their excess application alloted. That will not happen as Ezra is trading above 15c and Rts price is 10.5c.. for every lot the premium is $45 so the two UWs will be better off if they take over all the Rts shares (not applied for) and sell them off later in the open market. 

There is also a confused delsolxxxx investor who is still talking about buying the Rts??? which had already stopped trading last week.. still having Hari Raya holiday hangover I presumed. :-) 

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niteowl68
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22-Jul-2015 20:09     
 
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A lot of investors here are dreaming of getting all their excess application alloted. That will not happen as Ezra is trading above 15c and Rts price is 10.5c.. for every lot the premium is $45 so the two UWs will be better off if they take over all the Rts shares (not applied for) and sell them off later in the open market. 

There is also a confused delsolxxxx investor who is still talking about buying the Rts??? which had already stopped trading last week.. still having Hari Raya holiday hangover I presumed. :-) 
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danger
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22-Jul-2015 19:51     
 
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i am taking substantial stake in EZRA liao
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Lucky03
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22-Jul-2015 19:42     
 
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 Alert Admin 		Sure Lee losing control ?

Aloser      ( Date: 22-Jul-2015 18:50) Posted:

Lee's losing of controling power not surprising, not bad for small retailers, we will have a stronger new boss someday, soonrr or later.

KAMAL0883      ( Date: 22-Jul-2015 16:32) Posted:



Lionel and family pocket almost empty already not easy to push up unless the family get their rich gangs to join force otherwise  mother share  price will be like some forumers predict around the right price $0.105 to $0.12 same as Swiber' s after right price movement.

Future Ezra will much depending on oil price


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Aloser
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22-Jul-2015 18:50     
 
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 Alert Admin 		Lee's losing of controling power not surprising, not bad for small retailers, we will have a stronger new boss someday, soonrr or later.

KAMAL0883      ( Date: 22-Jul-2015 16:32) Posted:



Lionel and family pocket almost empty already not easy to push up unless the family get their rich gangs to join force otherwise  mother share  price will be like some forumers predict around the right price $0.105 to $0.12 same as Swiber' s after right price movement.

Future Ezra will much depending on oil price

moron101      ( Date: 22-Jul-2015 13:25) Posted:

They have to push hard for the safe delivery of their babies.. Push! Push!....
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Lucky03
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22-Jul-2015 17:12     
 
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 Alert Admin 		Looks like buyer quite determined to offer some support. Let's see if it hits a bottom at $0.147
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KAMAL0883
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22-Jul-2015 16:44     
 
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main factors are market sentiment + rights issue ....

99% of the shareholders will apply for excess share at $0.105 and sell off with 5 cents profit margin why not right ?

as mentioned earlier if Lionel really want to rescue Ezra the excess share allotment  must cap at lower limit, mean only alloted for rounding up ...

but i really doubt so cos Ezra really short of cash and very hard-up for cash to redeem the Bonds

 

virinvictus      ( Date: 22-Jul-2015 15:04) Posted:



I am vested in Ezra.

Please explain your rationale that Ezra will go to 10 cents.
Is it based on hard facts?
Or is it based on rights issue?
Or is it purely based on market sentiments?

I am really interested to know. This post is not meant to criticise. I am serious with my money :-)

delsolvtec      ( Date: 22-Jul-2015 14:14) Posted:



with the huge Rights share being issued , this thing will half in value. I rather go w Swiber, it looks like at least they know their cash flow abilities better than Ezra. At least their rights issues r over. 

 

Can see ezra being pushed down to 10ct while swiber remains at 16ct


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KAMAL0883
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22-Jul-2015 16:32     
 
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Lionel and family pocket almost empty already not easy to push up unless the family get their rich gangs to join force otherwise  mother share  price will be like some forumers predict around the right price $0.105 to $0.12 same as Swiber' s after right price movement.

Future Ezra will much depending on oil price

moron101      ( Date: 22-Jul-2015 13:25) Posted:

They have to push hard for the safe delivery of their babies.. Push! Push!....
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Aloser
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22-Jul-2015 16:25     
 
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Drunk?

High?

Confused?

delsolvtec      ( Date: 22-Jul-2015 16:16) Posted:

If u believe in Ezra , then buy the rights n convert to shares. This is your only way to stay in the game. It should head towards 10ct for 2 simple reasons, when the flood of rights shares enter the market and the overall sentiment of the O&G sector which is still not out of it. In any case, these r all imho, it may head to 10ct but doesnt mean it cant rebound. Trade w caution but Dare to act if the time is right. GLTA

virinvictus      ( Date: 22-Jul-2015 15:04) Posted:



I am vested in Ezra.

Please explain your rationale that Ezra will go to 10 cents.
Is it based on hard facts?
Or is it based on rights issue?
Or is it purely based on market sentiments?

I am really interested to know. This post is not meant to criticise. I am serious with my money :-)


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delsolvtec
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22-Jul-2015 16:16     
 
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 Alert Admin 		If u believe in Ezra , then buy the rights n convert to shares. This is your only way to stay in the game. It should head towards 10ct for 2 simple reasons, when the flood of rights shares enter the market and the overall sentiment of the O&G sector which is still not out of it. In any case, these r all imho, it may head to 10ct but doesnt mean it cant rebound. Trade w caution but Dare to act if the time is right. GLTA

virinvictus      ( Date: 22-Jul-2015 15:04) Posted:



I am vested in Ezra.

Please explain your rationale that Ezra will go to 10 cents.
Is it based on hard facts?
Or is it based on rights issue?
Or is it purely based on market sentiments?

I am really interested to know. This post is not meant to criticise. I am serious with my money :-)

delsolvtec      ( Date: 22-Jul-2015 14:14) Posted:



with the huge Rights share being issued , this thing will half in value. I rather go w Swiber, it looks like at least they know their cash flow abilities better than Ezra. At least their rights issues r over. 

 

Can see ezra being pushed down to 10ct while swiber remains at 16ct


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fernvale
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22-Jul-2015 15:07     
 
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Gd Qns. Hope delsolvtec can enlighten me too. 

virinvictus      ( Date: 22-Jul-2015 15:04) Posted:



I am vested in Ezra.

Please explain your rationale that Ezra will go to 10 cents.
Is it based on hard facts?
Or is it based on rights issue?
Or is it purely based on market sentiments?

I am really interested to know. This post is not meant to criticise. I am serious with my money :-)

delsolvtec      ( Date: 22-Jul-2015 14:14) Posted:



with the huge Rights share being issued , this thing will half in value. I rather go w Swiber, it looks like at least they know their cash flow abilities better than Ezra. At least their rights issues r over. 

 

Can see ezra being pushed down to 10ct while swiber remains at 16ct


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virinvictus
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22-Jul-2015 15:04     
 
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I am vested in Ezra.

Please explain your rationale that Ezra will go to 10 cents.
Is it based on hard facts?
Or is it based on rights issue?
Or is it purely based on market sentiments?

I am really interested to know. This post is not meant to criticise. I am serious with my money :-)

delsolvtec      ( Date: 22-Jul-2015 14:14) Posted:



with the huge Rights share being issued , this thing will half in value. I rather go w Swiber, it looks like at least they know their cash flow abilities better than Ezra. At least their rights issues r over. 

 

Can see ezra being pushed down to 10ct while swiber remains at 16ct

outlook      ( Date: 22-Jul-2015 11:00) Posted:



I am new to Ezra. What will be reasonable safe price to buy?


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