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EZRA HOLDINGS - RED HOT NEWS Post Reply Rate topic
Lucky03 Elite	10-Jun-2015 09:47        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Action !
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Observers Elite	10-Jun-2015 07:43        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree. This is my concern. It' s not just the price but the supply at that price as well. Even if the price hits USD80 per barrel, if 95% of the crude market are cornered by low cost producers at record supply, will those in the deep water dare to step back into the market, esp when some of the current demand are from filling up of national strategic reserves and not from a purely commercial perspective? I think the existence of the US shale oil has effectively put a sort of cap on the crude oil market. Above a certain price point and they will restart enmass, and I believe their cost are still lower than most in the deep water productions. pnuklis      ( Date: 09-Jun-2015 17:17) Posted: RHB analysts talk no sense (no credibility if they misguide investors in this fashipon). The deep water market has disappeared and what are those assets worth  in today' s market condition? Where are the jobs for those assets? How long they have to wait for that market to come back? With Iran coming on with more than 1 million barrels perday the oil price likely to be low in the future. They are saying TP of 0.34 when the stock price is headed below 20 cents. THe dilution is huge and  Ezra is cash strapped. There will be lot of action in the coming AGM. People are upset with the management and there will be many angry investors yelling at them. What do you say about EMAS IPO not more than six months back at 1.30 and now 1 dollard is shaved off!
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Lucky03 Elite	09-Jun-2015 22:33        Lucky03 About Contact  Quote this Post!
x 0   x 1  Alert Admin	WTI Crude reached US$60 again.
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Lucky03 Elite	09-Jun-2015 19:16        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	In the commodities market, West Texas Intermediate crude for July delivery gained 68 cents to $58.82 a barrel. Brent climbed 1.6 percent to $63.66 a barrel. Output from prolific U.S. tight-rock formations will decline through July to the lowest level since January, the Energy Information Administration reported on Monday. Crude inventories probably fell by 1.45 million barrels through the week ended June 5, according to a Bloomberg survey before an EIA report Wednesday.
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pnuklis Master	09-Jun-2015 17:17        pnuklis About Contact  Quote this Post!
x 0   x 0  Alert Admin	RHB analysts talk no sense (no credibility if they misguide investors in this fashipon). The deep water market has disappeared and what are those assets worth  in today' s market condition? Where are the jobs for those assets? How long they have to wait for that market to come back? With Iran coming on with more than 1 million barrels perday the oil price likely to be low in the future. They are saying TP of 0.34 when the stock price is headed below 20 cents. THe dilution is huge and  Ezra is cash strapped. There will be lot of action in the coming AGM. People are upset with the management and there will be many angry investors yelling at them. What do you say about EMAS IPO not more than six months back at 1.30 and now 1 dollard is shaved off!
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Lucky03 Elite	09-Jun-2015 07:41        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	3 things to watch out. 1. Analysts upgrade. 2. ST report on O&G today with the conclusion - Value Hunting. Ezra 42% drop so far this year may attract some trading interest 3. Most who bought Ezra last week are probably ready to subscribe to the rights. If indeed true that there are 10% of the floats on shorts position and they have to cover back before Ezra goes cum rights on Jun 25, then we should see some interesting development.
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Lucky03 Elite	09-Jun-2015 07:03        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ezra Holdings | Trading Buy June 8 close: S$0.285 Target price: S$0.34 RHB, June 8 THE size of the rights issue was the main negative surprise, but we think the market has priced in more dilution than a
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Lucky03 Elite	09-Jun-2015 07:00        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Broker's Take: OCBC upgrades Ezra to 'hold' By Andrea [email protected]@AndreaSohBT JUN 5, 20152:43 PM OCBC Investment Research has raised its rating for offshore marine services firm Ezra to "hold" after a recent price correction in the stock. Investors had offloaded the stock after it announced on May 30 a rights issue and convertible bonds issue to raise about US$300 million. About 62 per cent of the gross proceeds will go towards repaying S$225 million of fixed rate notes due September this year, and 35 per cent towards repaying S$150 million of perpetual securities. The counter fell 22 per cent in the past three trading sessions, closing at S$0.305 on Thursday. It slipped further on Friday, and was trading at S$0.295 as at 2.14pm. While the market had already expected potential fund-raising moves, the size of Ezra's issue could have taken the market by surprise, said OCBC analysts Low Pei Han and Andy Wong in a report on Friday. The two analysts expect the group to be able to raise the proposed US$150 million from the rights issue if shareholders approve it during an extraordinary general meeting. Ezra's largest shareholders Lee Kian Soo and Lionel Lee, who hold about 24.7 per cent of the firm, have both undertaken to fully subscribe for the rights issue the remaining balance is fully underwritten by DBS and Credit Suisse. "Given that the share price has corrected to S$0.305 versus our cum-rights fair value of S$0.32, we raise our rating to 'hold'," said the OCBC analysts.
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lglg666 Supreme	09-Jun-2015 00:09        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	By that then it will also impact Swiber stock price. It will drop further too. lglg666      ( Date: 09-Jun-2015 00:06) Posted: Hopefully the price has stopped free falling. The damage caused the falling stock price can slowly recover, too. If not then after the rights/bond issues, the price after ex may be no better than Swiber now. Sad if that's the case.
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lglg666 Supreme	09-Jun-2015 00:06        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hopefully the price has stopped free falling. The damage caused the falling stock price can slowly recover, too. If not then after the rights/bond issues, the price after ex may be no better than Swiber now. Sad if that's the case.
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Lucky03 Elite	08-Jun-2015 22:17        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Remember Saudi rejected China's request to buy more crude oil ? U.S. will not sell them too so they can easily absorb any extra output from Iran. Russia is already offering to take more crude from Iran. China Oil Imports Seen Rising in Affirmation for OPEC Policy 8 Jun 2015 12:53:30 pm China is forecast to accelerate its crude imports this month after slowing in May from a record. The Asian nation will start buying more to take advantage of low prices and ample supply to fill emergency stockpiles, according to ICIS China, a Shanghai-based commodities researcher. Overseas purchases fell to 23.24 million metric tons in May, the lowest in 15 months, according to preliminary data released by the General Administration of Customs on Monday. The prospect of China importing more crude will bolster OPEC?s strategy of pumping into an oversupplied global market, after the group decided Friday to maintain its production target. China has started filling a strategic petroleum reserve cavern in Qingdao city, one of four underground facilities expected to start this year, according to ICIS. ?We believe imports may pick up in June and throughout the second half of the year with more caverns coming online,? Amy Sun, an ICIS analyst, said by phone from Guangzhou. China, the world?s second-largest oil consumer, may add 100,000 barrels a day in emergency supplies during the rest of this year and another 200,000 barrels a day in 2016, PIRA Energy Group, a consultant in New York, said last month. Crude imports in May were equivalent to 5.5 million barrels a day, down from a record 7.4 million a day in April. That means China probably surrendered its lead as the world?s biggest oil buyer to the U.S., where purchases averaged 6.9 million a day last month, according to weekly data from the government. Brent crude has gained 10 percent this year, partly driven by China?s demand, after prices slumped almost 50 percent in 2014 amid a global surplus. Futures traded down 0.3 percent at $63.11 a barrel at 9:17 a.m. in London. Refinery Repairs Imports dropped amid increased refinery maintenance and as port storage facilities filled up, Sun said. China?s top refiners shut a total of 882,000 barrels a day of processing capacity in May, the most this year. Dalian West Pacific Petrochemical Refinery in the northeast, the largest plant using seaborne oil, closed for maintenance from April 20 to May 25. Dalian?s ports ranked third by crude imports behind Ningbo and Qingdao, receiving 31.4 million tons in 2014, according to the customs administration in Beijing. ?The fall in single-month imports may be a result of peak refinery shutdown,? Sun said. ?Crude oil trading ports, especially Dalian, are also pretty full after the buying spree in April, leaving limited space for more stockpiles.? China remained as a net fuel exporter in May, buying 2.32 million tons of oil products and selling 2.44 million tons, Monday?s data showed. It imported 14.25 million tons of coal, down 29 percent from April. Excluding brown coal and anthracite, purchases slid 4.6 percent.
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happyharvest Elite	08-Jun-2015 22:11        happyharvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	still got iran nuclear deal moron101      ( Date: 08-Jun-2015 16:35) Posted: Hope can collect more at this level. Oil should be stable after opec meeting. When the rights started to trade, oil should be even higher. By then ezra should be fully recovered. Expect price to go back to above 50c within 2 quarters. Let see..
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Lucky03 Elite	08-Jun-2015 20:29        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Let's hope the new SGX CEO coming on board Jul 14 will herald in a new BULL MARKET that many have never seen for a while ! Put a stop to our stock market being the 'bloody heaven' for shortists and let our poor remisiers have a decent lunch break who are already earning just pennies.
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moron101 Supreme	08-Jun-2015 19:22        moron101 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro Lucky, well said. Like your positive postings. Hope you make $ from your good insights. . No inducement of buying or selling. Just everyone has to do their due diligence. . Lucky03      ( Date: 08-Jun-2015 17:53) Posted: Hi, Moron101. You should change your nickname lah. You are no moron at all on your assessment :) lol ! The underwriters has a keen interest to see that Ezra rights exercise is fully taken up as well that it's CB attracts keen interest from institutions and funds managers so they will do something to support it. After all, Ezra may see business erosion but they will make it and come round after this exercise. After all, they are not making any major capital investment and their interest payment will improve significantly after this deleveraging exercise. moron101      ( Date: 08-Jun-2015 16:35) Posted: Hope can collect more at this level. Oil should be stable after opec meeting. When the rights started to trade, oil should be even higher. By then ezra should be fully recovered. Expect price to go back to above 50c within 2 quarters. Let see..
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Shifu8888 Supreme	08-Jun-2015 19:18        Shifu8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks. We are just a handful having a positive views on this. moron101      ( Date: 08-Jun-2015 16:35) Posted: Hope can collect more at this level. Oil should be stable after opec meeting. When the rights started to trade, oil should be even higher. By then ezra should be fully recovered. Expect price to go back to above 50c within 2 quarters. Let see..
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Lucky03 Elite	08-Jun-2015 17:53        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi, Moron101. You should change your nickname lah. You are no moron at all on your assessment :) lol ! The underwriters has a keen interest to see that Ezra rights exercise is fully taken up as well that it's CB attracts keen interest from institutions and funds managers so they will do something to support it. After all, Ezra may see business erosion but they will make it and come round after this exercise. After all, they are not making any major capital investment and their interest payment will improve significantly after this deleveraging exercise. moron101      ( Date: 08-Jun-2015 16:35) Posted: Hope can collect more at this level. Oil should be stable after opec meeting. When the rights started to trade, oil should be even higher. By then ezra should be fully recovered. Expect price to go back to above 50c within 2 quarters. Let see..
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moron101 Supreme	08-Jun-2015 16:35        moron101 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hope can collect more at this level. Oil should be stable after opec meeting. When the rights started to trade, oil should be even higher. By then ezra should be fully recovered. Expect price to go back to above 50c within 2 quarters. Let see..
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lglg666 Supreme	08-Jun-2015 10:19        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Look like its price has formed a support base of around 28 to 29cents. That's a good sign for those who are vested. Just hope it has stopped falling....and doing a U turn soon.
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Bigbull888 Senior	08-Jun-2015 09:41        Bigbull888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content& B=AnnouncementToday& F=WRCP23SJ7S64RI01& H=6fa4a1a90bd949222fb9c21b921efc5c2bf73f2e5bed0eec76eb814927102c0d& fileId=Ezra-Notice%20of%20EGM.pdf
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Demostation Supreme	08-Jun-2015 09:38        Demostation About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oops, well? should be sell. Sorry.My mobile keyboard too near for my fingers. Demostation      ( Date: 08-Jun-2015 09:36) Posted: Whatever it is, the norm in the SGX trading realm, is to well Ezra first and not to buy it yet.
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