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EZRA HOLDINGS - RED HOT NEWS Post Reply Rate topic
edwinjup Supreme	31-May-2015 09:52        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	Walau..never fix the right price....later kanna pump up..that meant have to pay more....really dont like uncertain... Observers      ( Date: 31-May-2015 09:42) Posted: 200 rights for every 100 shares. Issue up to 2 billion shares for US$150mil (approx S$200mil). Minimum of 10 cents per rights, depending on final pricing by underwriters? Personally, I think this one is a big stick, esp for those who don' t have spare cash lying around. If you don' t cough up (minimum, could be more) 20 cents per share owned (S$200 per lot), you will be diluted 66.6%? And if I remember correctly, Ezra is in the deep water oil industry, the most expensive crude oil of all sources. Not vested, though I do have interest in other listed companies in the same deep water industry.
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Observers Elite	31-May-2015 09:42        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	200 rights for every 100 shares. Issue up to 2 billion shares for US$150mil (approx S$200mil). Minimum of 10 cents per rights, depending on final pricing by underwriters? Personally, I think this one is a big stick, esp for those who don' t have spare cash lying around. If you don' t cough up (minimum, could be more) 20 cents per share owned (S$200 per lot), you will be diluted 66.6%? And if I remember correctly, Ezra is in the deep water oil industry, the most expensive crude oil of all sources. Not vested, though I do have interest in other listed companies in the same deep water industry.
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Jimmykohkk Master	31-May-2015 09:12        Jimmykohkk About Contact  Quote this Post!
x 0   x 0  Alert Admin	As a neutral, I am not vested, from past  trend with Del Monte, Global Yellow pages, Pacific Andes, China fishery.. I would say right issues is not good for share price. I still remember Pacific Andes share tank the day after they annouce right issues, especially when the rights issue is highly dilutive. So 2 for 1 right issues is considered highly dilutive, from a base of share capital of 1000,000 lots 3,000,000 lots after rights issue, EPS will be affected alot. http://www.businesstimes.com.sg/companies-markets/hot-stocks-china-fishery-pacific-andes-dive-on-news-of-rights-issue My advice to those not vested. U can buy the shares when the right shares are traded becos the price will tank when the huge amount of right shares  comes to  the market, then price will recover after market absorbs all the extra right shares. My opinion is based on trading pattern of global yellow pages, Del Monte, Pacific Andes etc... All these are just my personal observation, if u think i talking nonsense, just ignore this posting. Du_shen      ( Date: 31-May-2015 08:36) Posted: when you are vested.. everything can be good news ..even if they announced rights issue. lol!
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Du_shen Veteran	31-May-2015 08:36        Du_shen About Contact  Quote this Post!
x 0   x 0  Alert Admin	when you are vested.. everything can be good news ..even if they announced rights issue. lol!
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Shifu8888 Supreme	31-May-2015 07:38        Shifu8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rights issue announced. Fully underwritten. Purpose is to deleverage. Rights price not announced (din see the details). This is a good first step out to clean the balance sheet. I'm positive. Vested.
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Lucky03 Elite	31-May-2015 03:56        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Found below on EMAS website. It said delivery and ready for operation Q2 2014 but it said in his press release for rights issue that it will be operational Q3 2015 ??? Lewek Constellation, the latest addition to our world-class fleet of pipelay and construction vessels, is designed to deliver complex projects in a safe, efficient and reliable manner in water depths exceeding 3,000 metres. Lewek Constellation is an ice class, DP3, multi-lay vessel with heavy lift capabilities. It has superior manoeuvrability and a high transit speed with a multi-lay system that can support both rigid and non-rigid pipelines. The vessel has a 3000mT heavy lift crane. Vessel delivery is scheduled for Q2 2013 and it will be ready for operation, after fitting the 3000mT crane and MLS, in Q2 2014. Lucky03      ( Date: 31-May-2015 03:50) Posted: What so great about the Lewak thing that Ezra will be launching Q3 ? ?In addition, with the delivery of our flagship subsea construction vessel, Lewek Constellation in the third quarter of FY2015, we expect significant revenue contribution thereafter. This will further improve operational cashflows for Ezra and in combination with the moderation of capital expenditures post-delivery of Lewek Constellation we expect to meet our planned capital expenditures and foreseeable debt maturities.?
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Lucky03 Elite	31-May-2015 03:50        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	What so great about the Lewak thing that Ezra will be launching Q3 ? ?In addition, with the delivery of our flagship subsea construction vessel, Lewek Constellation in the third quarter of FY2015, we expect significant revenue contribution thereafter. This will further improve operational cashflows for Ezra and in combination with the moderation of capital expenditures post-delivery of Lewek Constellation we expect to meet our planned capital expenditures and foreseeable debt maturities.?
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Lucky03 Elite	31-May-2015 03:38        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	WTI Crude jumped more than 4% and if it continues on Monday, we may see more than 5% jump to above US$61. Many would have expected prices of O&G including Ezra to go up. The rights issue will be a major dampener but be careful of being caught by the nasty day traders who will screw up any sense of the market. To some extent, the rights issue was priced in as it has been reported by Business Times in at least 2 articles citing some senior staff of Ezra saying they will likely tap on bonds cum equity related financing. The irony is that they are using Credit Suisse whose clients or their traders had been borrowing Ezra shares to obviously short it down. They must have early knowledge or thought negatively of Ezra then why commit to undertake the Rights which means they will take up any unsubscribed portion. I lament the good old days of bull market which can run for many many months and any rights issue were actually received positively as indication that the price of the shares will go up so that the rights will be well subscribed.... Well, we also say go away in May and return in Jun. So will the probably and slightly sentiment offset the negativity of the Rights issue which has largely been anticipated by large broking house, major investors and traders.
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Jimmykohkk Master	31-May-2015 03:13        Jimmykohkk About Contact  Quote this Post!
x 0   x 0  Alert Admin	Quote: The issue price of the Convertible Bonds will be 100 per cent. of the aggregate principal amount of the Convertible Bonds. The Conversion Price (subject to adjustment in the manner provided in the terms and conditions of the Convertible Bonds) will be determined by the Company and the Sole Bookrunner of the Bonds Issue after trading closes on the day on which the Company, in its sole discretion, will determine and announce the Conversion Price (the &ldquo Price Fixing Date&rdquo ). The Conversion Price will be at a premium of at least 15.0% to the last closing price of the Shares on the SGX-ST on the Price Fixing Date and rounded down to the nearest whole multiple of 0.5 cents. For illustrative purposes only, assuming that the last closing price of the Shares on the SGX-ST on the Price Fixing Date is S$0.267, the indicative Conversion Price will be S$0.305 (the &ldquo Indicative Conversion Price&rdquo ). Based on the Indicative Conversion Price and the principal amount of S$200 million of the Convertible Bonds, the number of Shares to be allotted and issued by the Company pursuant to the full conversion of the Convertible Bonds (&ldquo Conversion Shares&rdquo ) is 655,737,700 (rounded to the nearest 100 Shares) (the &ldquo Indicative Conversion Shares&rdquo ).  happyharvest      ( Date: 30-May-2015 23:58) Posted: rights at what price? Lucky03      ( Date: 30-May-2015 23:17) Posted: The day has come. Ezra to raise up to US$300 million to strengthen balance sheet and enhance financial flexibility  Proposed renounceable underwritten rights issue and issue of convertible bonds to raise proceeds of up to US$300 million  Proceeds will be used to repay S$225 million Fixed Rate Notes and S$150 million Perpetual Securities  Repayment of the abovementioned securities will reduce Ezra?s net gearing thereby strengthening its balance sheet and putting the company in good stead to tap future growth opportunities SINGAPORE MAY 30 2015 For immediate release Ezra Holdings Limited (?Ezra? or ?the Group?), a leading contractor and provider of integrated offshore solutions to the oil and gas industry, today announced a proposed renounceable rights issue as part of its refinancing strategy to deleverage its balance sheet and position the company to tap on future growth opportunities. In addition, Ezra has announced its intention to issue convertible bonds to raise additional funds for refinancing. Credit Suisse (Singapore) Limited has been appointed as the Sole Financial Advisor, Sole Global Coordinator and Lead Manager of the Rights Issue and the Sole Bookrunner of the Convertible Bonds Issue. Credit Suisse (Singapore) Limited and DBS Bank Ltd. have been appointed as Joint Underwriters of the Rights Issue. ?We are confident of the long-term prospects of the industry underlying the business segments of Ezra. With our net gearing lowered, we will be in a better position to bring more value to our shareholders. Further, we are maintaining our cost discipline with greater focus on cost-base rationalisation and optimisation to improve margins,? said Mr Eugene Cheng, Ezra?s Group Chief Financial Officer. ?In addition, with the delivery of our flagship subsea construction vessel, Lewek Constellation in the third quarter of FY2015, we expect significant revenue contribution thereafter. This will further improve operational cashflows for Ezra and in combination with the moderation of capital expenditures post-delivery of Lewek Constellation we expect to meet our planned capital expenditures and foreseeable debt maturities.?
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Jimmykohkk Master	31-May-2015 03:06        Jimmykohkk About Contact  Quote this Post!
x 0   x 0  Alert Admin	Based on what I observed from the rights issue of Yellow pages, China Fishery n Pacific Andes and Del Monte. The pattern goes like this 1) Price dropped when rights annouced. 2) Price will continue to fall until CE (Cum entitlement) 3) Just before XE, price will rise 4) After XE, price will drop again 5) Then when the rights issue thingy is finished but before issuing of right shares, price will rise 6) When right shares are issued, price drop again 7) Price will reach multi year low (I remember Del Monte trading price of 31 cents  even drop below the right issue price of 32 cents, same for Pacific Ande and Yellow page) 8) After reaching multi year low, the price will suddenly shoot up. (I remember yellow page share price of 3.8 cents was below the right issue price of 5 cents, but later shoot up from 3.8 cents to around 5 cents, same for Del Monte, after reaching multi year low of 30 cents, shoot up to 42 cents)   So my own opinion, buy when when just CE, sell before XE.  Buy when after all right shares are issued and price reaches multi year low or below the rights issue price and sell when price shoot up. This is what i observed, I  not sure anyone did a trend analysis for counters with right issues too? But overall, during poor market sentiment, having a right issues surely mean price will tank.. i hope i dun offend anyone with this observation, U can refer to China fishery, Pacific Andes, Global yellow pages and Del Monte to observe the patttern. I' m not vested. Just want to share what i observed from recent  counters with rights issue. My personal view is I will sell first and wait for opportunity to buy back again when the price reaches a low. I hope those who are vested are not offended by my observation, if u are, please ignore my posting.
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happyharvest Elite	31-May-2015 00:08        happyharvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	200 Rights Shares for every 100 existing ordinary shares = 1 for 2 rights issue? RoundRound      ( Date: 30-May-2015 23:38) Posted: A 2 for 1 Rights Issue (in a already low share price) will tank the share price of 39c for sure in a desperate attempt to rescue this sinking ship. I predict it will go as low as 32c or even break 30c. Using money to par debts rather than for expanding business is the worse thing shareholders want. And with shareholders throwing good money into a very challenging Oil & Gas bad sector will see a lot of dumping of shares when market open. Even with debts reduced substantially by tapping shareholders' money, there's the bigger issue of share dilution, the number of shares will balloon by another 200%. Say a 1c earning per share last time have to split into 3 now. Really sad for vested holders.
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happyharvest Elite	30-May-2015 23:58        happyharvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	rights at what price? Lucky03      ( Date: 30-May-2015 23:17) Posted: The day has come. Ezra to raise up to US$300 million to strengthen balance sheet and enhance financial flexibility  Proposed renounceable underwritten rights issue and issue of convertible bonds to raise proceeds of up to US$300 million  Proceeds will be used to repay S$225 million Fixed Rate Notes and S$150 million Perpetual Securities  Repayment of the abovementioned securities will reduce Ezra?s net gearing thereby strengthening its balance sheet and putting the company in good stead to tap future growth opportunities SINGAPORE MAY 30 2015 For immediate release Ezra Holdings Limited (?Ezra? or ?the Group?), a leading contractor and provider of integrated offshore solutions to the oil and gas industry, today announced a proposed renounceable rights issue as part of its refinancing strategy to deleverage its balance sheet and position the company to tap on future growth opportunities. In addition, Ezra has announced its intention to issue convertible bonds to raise additional funds for refinancing. Credit Suisse (Singapore) Limited has been appointed as the Sole Financial Advisor, Sole Global Coordinator and Lead Manager of the Rights Issue and the Sole Bookrunner of the Convertible Bonds Issue. Credit Suisse (Singapore) Limited and DBS Bank Ltd. have been appointed as Joint Underwriters of the Rights Issue. ?We are confident of the long-term prospects of the industry underlying the business segments of Ezra. With our net gearing lowered, we will be in a better position to bring more value to our shareholders. Further, we are maintaining our cost discipline with greater focus on cost-base rationalisation and optimisation to improve margins,? said Mr Eugene Cheng, Ezra?s Group Chief Financial Officer. ?In addition, with the delivery of our flagship subsea construction vessel, Lewek Constellation in the third quarter of FY2015, we expect significant revenue contribution thereafter. This will further improve operational cashflows for Ezra and in combination with the moderation of capital expenditures post-delivery of Lewek Constellation we expect to meet our planned capital expenditures and foreseeable debt maturities.?
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enjoylife77 Veteran	30-May-2015 23:51        enjoylife77 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Very tactical of them to announce bad news over long weekend.
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RoundRound Elite	30-May-2015 23:38        RoundRound About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Tikam Tikam can also"
x 0   x 0  Alert Admin	A 2 for 1 Rights Issue (in a already low share price) will tank the share price of 39c for sure in a desperate attempt to rescue this sinking ship. I predict it will go as low as 32c or even break 30c. Using money to par debts rather than for expanding business is the worse thing shareholders want. And with shareholders throwing good money into a very challenging Oil & Gas bad sector will see a lot of dumping of shares when market open. Even with debts reduced substantially by tapping shareholders' money, there's the bigger issue of share dilution, the number of shares will balloon by another 200%. Say a 1c earning per share last time have to split into 3 now. Really sad for vested holders.
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Huatsweeswee Master	30-May-2015 23:17        Huatsweeswee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Right issue. Good or bad? Lucky03      ( Date: 30-May-2015 15:31) Posted: So far, Ezra and the other O&S counters such as Ezra, Ezion, TRIYARDS and Swibers have not moved in tandem with the recovery of oil price. Ezion were back to almost same price when WTI Oil price hit low of US$45. Ezra is even worst. The price now is lower than when WTI Oil price was US$45 ! These counters served those that are at the front of digging and exporting oil wells. So it is right that until oil is high enough to revive these companies to ramp up again, the batch of O&S companies need to streamline their operation to cut cost and stay nimble and competitive as only the fittest will survive as oil production will never ceased. Those survive will boom when economic activity picks up to boost demand and supply is low and needs to pick up too.
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Lucky03 Elite	30-May-2015 23:17        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The day has come. Ezra to raise up to US$300 million to strengthen balance sheet and enhance financial flexibility  Proposed renounceable underwritten rights issue and issue of convertible bonds to raise proceeds of up to US$300 million  Proceeds will be used to repay S$225 million Fixed Rate Notes and S$150 million Perpetual Securities  Repayment of the abovementioned securities will reduce Ezra?s net gearing thereby strengthening its balance sheet and putting the company in good stead to tap future growth opportunities SINGAPORE MAY 30 2015 For immediate release Ezra Holdings Limited (?Ezra? or ?the Group?), a leading contractor and provider of integrated offshore solutions to the oil and gas industry, today announced a proposed renounceable rights issue as part of its refinancing strategy to deleverage its balance sheet and position the company to tap on future growth opportunities. In addition, Ezra has announced its intention to issue convertible bonds to raise additional funds for refinancing. Credit Suisse (Singapore) Limited has been appointed as the Sole Financial Advisor, Sole Global Coordinator and Lead Manager of the Rights Issue and the Sole Bookrunner of the Convertible Bonds Issue. Credit Suisse (Singapore) Limited and DBS Bank Ltd. have been appointed as Joint Underwriters of the Rights Issue. ?We are confident of the long-term prospects of the industry underlying the business segments of Ezra. With our net gearing lowered, we will be in a better position to bring more value to our shareholders. Further, we are maintaining our cost discipline with greater focus on cost-base rationalisation and optimisation to improve margins,? said Mr Eugene Cheng, Ezra?s Group Chief Financial Officer. ?In addition, with the delivery of our flagship subsea construction vessel, Lewek Constellation in the third quarter of FY2015, we expect significant revenue contribution thereafter. This will further improve operational cashflows for Ezra and in combination with the moderation of capital expenditures post-delivery of Lewek Constellation we expect to meet our planned capital expenditures and foreseeable debt maturities.?
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Lucky03 Elite	30-May-2015 15:31        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So far, Ezra and the other O&S counters such as Ezra, Ezion, TRIYARDS and Swibers have not moved in tandem with the recovery of oil price. Ezion were back to almost same price when WTI Oil price hit low of US$45. Ezra is even worst. The price now is lower than when WTI Oil price was US$45 ! These counters served those that are at the front of digging and exporting oil wells. So it is right that until oil is high enough to revive these companies to ramp up again, the batch of O&S companies need to streamline their operation to cut cost and stay nimble and competitive as only the fittest will survive as oil production will never ceased. Those survive will boom when economic activity picks up to boost demand and supply is low and needs to pick up too.
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moron101 Supreme	30-May-2015 13:16        moron101 About Contact  Quote this Post!
x 0   x 0  Alert Admin	From the Qs you asked, suggest you don't play oils.. Oil ups, Ezra will sink deeper. Do more researches you will know.. alfredx      ( Date: 30-May-2015 10:30) Posted: Oil up 4%+ ... So does it affect ezra? Does ezra depend on oil price? Anyone can answer me? Thank..
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risktaker Supreme	30-May-2015 11:28        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Posts are opinions. Do not take it as investment advise "
x 0   x 0  Alert Admin	If oil back to 80 to 90... all oil and gas will boom... but 60 no much help... alfredx      ( Date: 30-May 10:47) Posted: i understand it in debt but they can do a refiancial from the bank to handle the loan right? bro.. u are not answering my qns too.. oil up ezra will be good or ? risktaker      ( Date: 30-May-2015 10:44) Posted: Ezra issue is about its debt thats due 300m this year... it has only cash 150m... so how its gonna raise its additional funds...with interest rates running up.... and ezra is cutting cost by slashing head count.... wait for its coming plan for the debt and results... once clear... ezra will be back to its glory.... easily 1dolla
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alfredx Senior	30-May-2015 10:47        alfredx About Contact  Quote this Post!
x 0   x 0  Alert Admin	i understand it in debt but they can do a refiancial from the bank to handle the loan right? bro.. u are not answering my qns too.. oil up ezra will be good or ? risktaker      ( Date: 30-May-2015 10:44) Posted: Ezra issue is about its debt thats due 300m this year... it has only cash 150m... so how its gonna raise its additional funds...with interest rates running up.... and ezra is cutting cost by slashing head count.... wait for its coming plan for the debt and results... once clear... ezra will be back to its glory.... easily 1dollar alfredx      ( Date: 30-May-2015 10:30) Posted: Oil up 4%+ ... So does it affect ezra? Does ezra depend on oil price? Anyone can answer me? Thank..
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