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Loyz Energy - Brewing ?
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LC1188
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31-May-2016 09:26
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Bro Maverick what is your breakeven price?
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maverick121
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31-May-2016 09:20
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Bro,u know how to play shares or not?if I shorted,I would hv sold early morning.I am STUCK.
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LC1188
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31-May-2016 09:09
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Those who enter at 0.029 is taking profit now. |
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speechless
Member |
31-May-2016 09:06
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I suspect he's a shortseller. Dun believe everything people say.
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maverick121
Member |
31-May-2016 09:05
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Hit my breakeven price I run le
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LC1188
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31-May-2016 09:04
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I am buying more at these depress price especially with crude oil near $50. |
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LC1188
Member |
31-May-2016 08:59
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Those who short better take cover. |
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Wolfman
Senior |
31-May-2016 08:58
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U sure ? lol
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polarinda
Master |
31-May-2016 08:50
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Lppl | ||||
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LC1188
Member |
31-May-2016 08:49
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Those who bought for contra before trading halt must sell now if don' t wish to pick up shares. |
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maverick121
Member |
31-May-2016 08:48
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Give chance on the expense of my hard earned money??replace the entire board better
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maverick121
Member |
31-May-2016 08:46
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The pre-open price tells u how the investors are responding to this piece of shit news.
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tchoonw
Master |
31-May-2016 08:43
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ceo is new and young...give him a chance lah :P
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LC1188
Member |
31-May-2016 08:41
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The Placement together with the Bond Transaction will significantly improve Loyz Energy&rsquo s financial position. The Bond Transaction is a win-win for Loyz Energy and our partner, Fram Exploration ASA, in which we have a 13.75% equity stake. They have formalised a plan to monetise their American assets over the next 12-24 months and, with this Bond Transaction, they will be in a better position to realise their plan.&rdquo |
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maverick121
Member |
31-May-2016 08:40
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This kinda news took 3 trading days to prepare...poly intern can do in 1 hour. | ||||
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darocupcake
Master |
31-May-2016 08:29
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Placemenr means dilution of stock
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Wolfman
Senior |
31-May-2016 08:09
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The news is not as bad as I thought with all the bad vibes with O&G counters nowadays. Time to chiong !! | ||||
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tchoonw
Master |
31-May-2016 08:08
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LOYZ ENERGY ISSUES S$5.1M OF NEW SHARES AND WILL RECORD PROFIT ON REDEMPTION OF BONDS S$2.7M raised through a placement exercise to augment working capital and strengthen Company&rsquo s balance sheet US$4M worth of bonds purchased for US$1.65M via share transaction US$3.35M worth of the bonds to be redeemed at par value in August 2016 resulting in a profit For immediate release Loyz Energy Limited (&ldquo Loyz Energy&rdquo or the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ), a fast-growing Singapore-based upstream energy group, today announced that it has successfully raised S$2.7M through a private placement (the &ldquo Placement&rdquo ). The funds raised will strengthen the Company&rsquo s balance sheet and augment working capital. The Company has also entered into a binding sale and purchase agreement with Kuppelvik AS and Amalie International Holdings Ltd (collectively, the &ldquo Sellers&rdquo ) in relation to the acquisition by the Company from the Sellers of an aggregate par value US$4.0 million, senior secured, convertible bonds issued by Fram Exploration ASA (&ldquo Fram&rdquo ) due on 30 December 2018 (the &ldquo Fram Bonds&rdquo ) for a purchase price of US$1.65 million (the &ldquo Bond Transaction&rdquo ). The consideration will be satisfied by both the issue of new shares in the Company and the transfer of Loyz Energy shares from Fram to the Sellers. The Fram Bonds are secured against Fram&rsquo s Whitewater assets which are valued at around US$30 million based on a third party valuation report. US$3.35M Fram Bonds will be redeemed by Fram at face value on 1 August 2016 in settlement of i) an outstanding sum of US$2.15 million owed by the Company to Fram and ii) the transfer of Loyz Energy shares from Fram to the Sellers, as stated above. The redemption is expecting to deliver a profit for the Company. The remaining US$0.65M worth of Fram Bonds will pay a 10% annual coupon and are redeemable at M E D I A R E L E A S E Page 2 of 3 LOYZ ENERGY LIMITED 15 Hoe Chiang Road Tower Fifteen, #19-01 Singapore 089316 Tel: +65 6521 9048 Fax: +65 6225 4945 COMPANY REGISTRATION NO INCORPORATED IN SINGAPORE . 199905693M face value by 31 December 2018 or when Fram monetizes its Whitewater assets, whichever is earlier. CEO Mr Jeffrey Pang said, &ldquo On behalf of the Company, I would like to thank the investors for their confidence and support. The fundamentals of the oil & gas upstream business are improving and we are cautiously optimistic that we can look forward to better results in the coming years. The Placement together with the Bond Transaction will significantly improve Loyz Energy&rsquo s financial position. The Bond Transaction is a win-win for Loyz Energy and our partner, Fram Exploration ASA, in which we have a 13.75% equity stake. They have formalised a plan to monetise their American assets over the next 12-24 months and, with this Bond Transaction, they will be in a better position to realise their plan.&rdquo The Company has recently written off its non-core assets and is strengthening its balance sheet with the Placement and Bond Transaction. The Company will continue to develop its proven reserves and realise the potential upside in its Thailand asset while concurrently seeking meaningful collaboration and strategic opportunities that can add further value. ~~ End ~~ |
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johnnywalker
Senior |
31-May-2016 07:54
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Useless piece of news that took so many days |
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darocupcake
Master |
31-May-2016 07:47
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News is out in sgx | ||||
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