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EZRA HOLDINGS - RED HOT NEWS Post Reply Rate topic
pinkowl Supreme	03-Feb-2017 13:13        pinkowl About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	It was so obvious since a long time ago. Sigh.
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hobert Member	03-Feb-2017 13:10        hobert About Contact  Quote this Post! Style: Flexible   Yells: "As long no loss is win..."
x 0   x 0  Alert Admin	yes, i think alot of ppl bought it when it was between 0.047 to 0.052..then tio halt plus those who bought in with 1million shares to get quick 1k increment with each pip also tio trap... halleluyah      ( Date: 03-Feb-2017 12:45) Posted: Lots of ppl drown in ezra...cash + cpf savings who kept averaging down...NO hope fr ezra...mati lemas in oil....
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halleluyah Supreme	03-Feb-2017 12:45        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lots of ppl drown in ezra...cash + cpf savings who kept averaging down...NO hope fr ezra...mati lemas in oil....
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kerier Veteran	03-Feb-2017 12:37        kerier About Contact  Quote this Post!
x 0   x 0  Alert Admin	should be triyards shares...easier to liquidate than a shipyard. joebloggs      ( Date: 03-Feb-2017 11:50) Posted: I may be wrong, it might just be collateral in Triyards not 100% sure joebloggs      ( Date: 03-Feb-2017 11:48) Posted: Agree, if someone has issued a Statutory Demand is not good.   Also, EZRA shareholdings in EMAS Offshore and Triyards were provided as Collateral to the Banks  http://splash247.com/banks-take-triyards-as-collateral-from-ezra/
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moron101 Supreme	03-Feb-2017 12:35        moron101 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Likely to announce lifting halt on Monday morning. Be prepared to see selling by BBs. joebloggs      ( Date: 03-Feb-2017 12:22) Posted: Bids now down to .035, looks like going to be panic selling if halt is removed........
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sheerluck Supreme	03-Feb-2017 12:34        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Scary bit will be halt turned to suspension followed by VL.   Ezra is evil.   Bondholders who agreed on extension now must be regreting for being lenient with this evil piece of shit. EZRA = Expect Zero Return for All Swiber is simply a suay boo. joebloggs      ( Date: 03-Feb-2017 12:22) Posted: Bids now down to .035, looks like going to be panic selling if halt is removed........
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joebloggs Senior	03-Feb-2017 12:22        joebloggs About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bids now down to .035, looks like going to be panic selling if halt is removed........
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kerier Veteran	03-Feb-2017 12:02        kerier About Contact  Quote this Post!
x 1   x 0  Alert Admin	CIMB Report 2 Feb 2017   Assessing the impact of Ezra group ■ We estimate DBS&rsquo s exposure to the Ezra group is S$637m, OCBC: S$300m, UOB: S$166m, assuming each company&rsquo s debt is equally split among its key bankers. ■ Based on 40-80% write-down in the book value of fixed assets, we estimate that DBS will have to make SPs of 8-16bp, OCBC: 9-12bp and UOB: 6-7bp. ■ At above 1x CY17 P/BV, we think the market has yet to price in asset quality concerns which could erode the impact of higher NIMs in 2017. Ezra or its associated companies could face liquidation ● Ezra has called for a trading halt on 1 Feb pending the release of an announcement. We believe this is related to the results of its discussions with lenders and other stakeholders regarding its financial position, which could result in the group, its JV or subsidiaries&rsquo liquidation in the worst case scenario. ● As of 31 Aug 2016, the group had US$989m of term loans and bills payable to banks, including US$568m from 75.46%-owned EMAS Offshore Limited and US$150m from 60.9%-owned Triyards Holdings Limited. Impairment at EMAS Chiyoda Subsea ● Ezra&rsquo s JV partners in its subsea business, EMAS Chiyoda Subsea Limited, recently wrote down their stakes in the JV. Chiyoda Corp took a ¥ 38bn impairment charge for its 35% stake, while NYK Line took a ¥ 13bn impairment on its 25% stake. ● After netting off their share of goodwill, we estimate that the two JV partners wrote down 25-74% of fixed asset value. With estimated bank debt of US$579m, its fixed assets can be written down by 43% before recoverability comes into question.
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amandayoung Elite	03-Feb-2017 11:57        amandayoung About Contact  Quote this Post!
x 0   x 0  Alert Admin	sheerluck is a shrewd investor .... Understand a lot of things
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sheerluck Supreme	03-Feb-2017 11:50        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Last reported NAV is US$233mil.   Likely to write off US$170mil from ECS so left with US$63mil.   EZRA operation and JV all losing money.   EMAS-AMC owe Forland money said Forland wouldn' t pursue?   So good.   Later Forland come out to dispute that then horjio. Likely negative equity in this coming results.   Bank plugged plug for a reason.   This vampire suck so much blood from public and yet lost even more.   All spent on helicopter trip to Penang for laksa and KTV with meimei? Hopeless piece of shit.   Close shop and mai continue to hai lang liao.   sad truth is owner and CEO will still be filthy rich!
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joebloggs Senior	03-Feb-2017 11:50        joebloggs About Contact  Quote this Post!
x 0   x 0  Alert Admin	I may be wrong, it might just be collateral in Triyards not 100% sure joebloggs      ( Date: 03-Feb-2017 11:48) Posted: Agree, if someone has issued a Statutory Demand is not good.   Also, EZRA shareholdings in EMAS Offshore and Triyards were provided as Collateral to the Banks  http://splash247.com/banks-take-triyards-as-collateral-from-ezra/ pool100      ( Date: 03-Feb-2017 11:44) Posted: It' s swiber all over again. Once they couldn' t pay even the small suppliers, it' s gone case. Just like what happened in the final days of swiber. This is the first time I' ve heard huge corporations do such poor due diligence on their acquisitions. Chiyoda and NYK both wrote off 480m just 6 months after acquisition. It' s criminal.
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NextEvolution Elite	03-Feb-2017 11:49        NextEvolution About Contact  Quote this Post!
x 0   x 0  Alert Admin	From a high price of nearly $1.50 in December 2013 to overcoming all those Rights issues that suck in more money from retail investors and all SSHs to such a pitiful stage.
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joebloggs Senior	03-Feb-2017 11:48        joebloggs About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree, if someone has issued a Statutory Demand is not good.   Also, EZRA shareholdings in EMAS Offshore and Triyards were provided as Collateral to the Banks  http://splash247.com/banks-take-triyards-as-collateral-from-ezra/ pool100      ( Date: 03-Feb-2017 11:44) Posted: It' s swiber all over again. Once they couldn' t pay even the small suppliers, it' s gone case. Just like what happened in the final days of swiber. This is the first time I' ve heard huge corporations do such poor due diligence on their acquisitions. Chiyoda and NYK both wrote off 480m just 6 months after acquisition. It' s criminal.
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kerier Veteran	03-Feb-2017 11:45        kerier About Contact  Quote this Post!
x 0   x 0  Alert Admin	agree, especially for japanese corporations who tend to be more conservative.  pool100      ( Date: 03-Feb-2017 11:44) Posted: It' s swiber all over again. Once they couldn' t pay even the small suppliers, it' s gone case. Just like what happened in the final days of swiber. This is the first time I' ve heard huge corporations do such poor due diligence on their acquisitions. Chiyoda and NYK both wrote off 480m just 6 months after acquisition. It' s criminal.
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pool100 Veteran	03-Feb-2017 11:44        pool100 About Contact  Quote this Post!
x 0   x 0  Alert Admin	It' s swiber all over again. Once they couldn' t pay even the small suppliers, it' s gone case. Just like what happened in the final days of swiber. This is the first time I' ve heard huge corporations do such poor due diligence on their acquisitions. Chiyoda and NYK both wrote off 480m just 6 months after acquisition. It' s criminal.
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Lepin888 Veteran	03-Feb-2017 11:43        Lepin888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ezra will drag banks lower with higher npls. Need to provide full writeoffs by now. Unlikely Lee will put in money...he walks. Question now is which other OnM companies will be affected....ezion triyards ?
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joebloggs Senior	03-Feb-2017 11:42        joebloggs About Contact  Quote this Post!
x 0   x 0  Alert Admin	Be interested to know which certain members of the Group are independently managed? ahhuat08      ( Date: 03-Feb-2017 11:31) Posted:     Nett liabilities of usd 887 million and one of its letters has issued a statutory demand. The rest of the clarifications were merely known facts which have been reported in this forum. What is more important is what is the company gonna do to salvage the situation. My guess is, they really have not much options already. My 2 cts.
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ahhuat08 Elite	03-Feb-2017 11:41        ahhuat08 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Which is very likely given the fact that after the announcement they still fail to lift the trading halt. NextEvolution      ( Date: 03-Feb-2017 11:36) Posted: With things so messy inside, worse case scenario could be from a halt now to suspension niteowl68      ( Date: 03-Feb-2017 11:30) Posted: Buy Sell at 0.038..down several bids from pre susp price... caution...
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NextEvolution Elite	03-Feb-2017 11:36        NextEvolution About Contact  Quote this Post!
x 0   x 0  Alert Admin	With things so messy inside, worse case scenario could be from a halt now to suspension niteowl68      ( Date: 03-Feb-2017 11:30) Posted: Buy Sell at 0.038..down several bids from pre susp price... caution...
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ahhuat08 Elite	03-Feb-2017 11:31        ahhuat08 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nett liabilities of usd 887 million and one of its letters has issued a statutory demand. The rest of the clarifications were merely known facts which have been reported in this forum. What is more important is what is the company gonna do to salvage the situation. My guess is, they really have not much options already. My 2 cts.
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