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FALCON ENERGY - UNDERVALUED WINNER TOP STOCK PICK Post Reply Rate topic
kkboy1 Member	01-Apr-2019 08:34        kkboy1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Any updates on resuming trading??
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Berani Elite	13-Mar-2019 16:02        Berani About Contact  Quote this Post!
x 0   x 0  Alert Admin	need how long to resume trading wo... Newlearner      ( Date: 19-Jan-2019 19:51) Posted: I think converting debt to shares is better option for both creditors and shareholders. Even with low interest rate, with current uncertainties/ slow recovery will only delay further or  eliminate any shareholders earning for years. Of cos it came with possibility of heavy dilution depending on issue price sheerluck      ( Date: 19-Jan-2019 09:20) Posted: Expecting the following (taking cue from Ezion): 1.  Bank will reduce interest rates and require minimal principle repayment during extended period. 2.  Noteholders will be presented with two options:       A)  major haircut of ~70-80% with remaining as straight bonds       B)  haircut of 30-40% with remaining as convertible bonds (major dilution) 3.  Owner pledge own shares as goodwill. 4.  Either bank extend credit facilities or right issue to raise money from existing shareholders. For 4, in Ezion case, bank extend credit facillities as Ezion is still generating sufficient postive cashflow from operation.  But in Falcon case, it is operation cashflow is unstable.  Bank might be hesitated to extend further credit.  That' s why right issue is a possible route as well. Falcon might also write down their asset but likely to be after the restructuring.  Why after restructuring?  Need to show the best possible asset value to " encourage" noteholders into signing the agreement.  Ofc once they signed, asset value can be written down. After restructuring Ezion price went from 25cts to 5cts, a 80% lose in shares price.  Partly due to weak market partly due to convertible bond holder getting out.  I suspect Falcon fate will be similar.  We might be looking at 0.5cts eventually when all dust settled. Ezion took 8 months.  Falcon? ​ A long wait to see the eventuality
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Newlearner Veteran	19-Jan-2019 19:51        Newlearner About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think converting debt to shares is better option for both creditors and shareholders. Even with low interest rate, with current uncertainties/ slow recovery will only delay further or  eliminate any shareholders earning for years. Of cos it came with possibility of heavy dilution depending on issue price sheerluck      ( Date: 19-Jan-2019 09:20) Posted: Expecting the following (taking cue from Ezion): 1.  Bank will reduce interest rates and require minimal principle repayment during extended period. 2.  Noteholders will be presented with two options:       A)  major haircut of ~70-80% with remaining as straight bonds       B)  haircut of 30-40% with remaining as convertible bonds (major dilution) 3.  Owner pledge own shares as goodwill. 4.  Either bank extend credit facilities or right issue to raise money from existing shareholders. For 4, in Ezion case, bank extend credit facillities as Ezion is still generating sufficient postive cashflow from operation.  But in Falcon case, it is operation cashflow is unstable.  Bank might be hesitated to extend further credit.  That' s why right issue is a possible route as well. Falcon might also write down their asset but likely to be after the restructuring.  Why after restructuring?  Need to show the best possible asset value to " encourage" noteholders into signing the agreement.  Ofc once they signed, asset value can be written down. After restructuring Ezion price went from 25cts to 5cts, a 80% lose in shares price.  Partly due to weak market partly due to convertible bond holder getting out.  I suspect Falcon fate will be similar.  We might be looking at 0.5cts eventually when all dust settled. Ezion took 8 months.  Falcon? ​ A long wait to see the eventuality. sheerluck      ( Date: 18-Jan-2019 13:20) Posted: Major dilution.  Same path as Ezion......
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Integrity Elite	19-Jan-2019 11:11        Integrity About Contact  Quote this Post!
x 0   x 0  Alert Admin	If can resume at discounted price already very good liao lor. sheerluck      ( Date: 19-Jan-2019 09:20) Posted: Expecting the following (taking cue from Ezion): 1.  Bank will reduce interest rates and require minimal principle repayment during extended period. 2.  Noteholders will be presented with two options:       A)  major haircut of ~70-80% with remaining as straight bonds       B)  haircut of 30-40% with remaining as convertible bonds (major dilution) 3.  Owner pledge own shares as goodwill. 4.  Either bank extend credit facilities or right issue to raise money from existing shareholders. For 4, in Ezion case, bank extend credit facillities as Ezion is still generating sufficient postive cashflow from operation.  But in Falcon case, it is operation cashflow is unstable.  Bank might be hesitated to extend further credit.  That' s why right issue is a possible route as well. Falcon might also write down their asset but likely to be after the restructuring.  Why after restructuring?  Need to show the best possible asset value to " encourage" noteholders into signing the agreement.  Ofc once they signed, asset value can be written down. After restructuring Ezion price went from 25cts to 5cts, a 80% lose in shares price.  Partly due to weak market partly due to convertible bond holder getting out.  I suspect Falcon fate will be similar.  We might be looking at 0.5cts eventually when all dust settled. Ezion took 8 months.  Falcon? ​ A long wait to see the eventuality. sheerluck      ( Date: 18-Jan-2019 13:20) Posted: Major dilution.  Same path as Ezion......
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sheerluck Supreme	19-Jan-2019 09:20        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	Expecting the following (taking cue from Ezion): 1.  Bank will reduce interest rates and require minimal principle repayment during extended period. 2.  Noteholders will be presented with two options:       A)  major haircut of ~70-80% with remaining as straight bonds       B)  haircut of 30-40% with remaining as convertible bonds (major dilution) 3.  Owner pledge own shares as goodwill. 4.  Either bank extend credit facilities or right issue to raise money from existing shareholders. For 4, in Ezion case, bank extend credit facillities as Ezion is still generating sufficient postive cashflow from operation.  But in Falcon case, it is operation cashflow is unstable.  Bank might be hesitated to extend further credit.  That' s why right issue is a possible route as well. Falcon might also write down their asset but likely to be after the restructuring.  Why after restructuring?  Need to show the best possible asset value to " encourage" noteholders into signing the agreement.  Ofc once they signed, asset value can be written down. After restructuring Ezion price went from 25cts to 5cts, a 80% lose in shares price.  Partly due to weak market partly due to convertible bond holder getting out.  I suspect Falcon fate will be similar.  We might be looking at 0.5cts eventually when all dust settled. Ezion took 8 months.  Falcon? ​ A long wait to see the eventuality. sheerluck      ( Date: 18-Jan-2019 13:20) Posted: Major dilution.  Same path as Ezion......
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bwavep Senior	19-Jan-2019 01:56        bwavep About Contact  Quote this Post!
x 0   x 0  Alert Admin	even if they pull through the ' restructuring' , almostly certainly a haircut to earlier vested equity/bond holders.  sincere best wishes to the long suffering stakeholders.... TraderBen      ( Date: 19-Jan-2019 00:09) Posted: Many have already restructured and moved on. Left a few only.. jus see whether they can get thru this puppey      ( Date: 18-Jan-2019 22:30) Posted: alot o& g in debt now, feel that restructuring wont do much.
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TraderBen Supreme	19-Jan-2019 00:09        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Many have already restructured and moved on. Left a few only.. jus see whether they can get thru this puppey      ( Date: 18-Jan-2019 22:30) Posted: alot o& g in debt now, feel that restructuring wont do much.
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puppey Veteran	18-Jan-2019 22:30        puppey About Contact  Quote this Post!
x 0   x 0  Alert Admin	alot o& g in debt now, feel that restructuring wont do much.
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Whyliddat Senior	18-Jan-2019 22:22        Whyliddat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Convert some to ord equities...Means dilution ? Https://www.google.com/amp/s/www.businesstimes.com.sg/companies-markets/falcon-energy-to-undertake-complete-debt-revamp-suspends-trading%3famp
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Integrity Elite	18-Jan-2019 22:12        Integrity About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hopefully, restructuring will go smoothly. If not, then really gone case liao.
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fundamentalhero Veteran	18-Jan-2019 21:55        fundamentalhero About Contact  Quote this Post! Style: Fundamental   Yells: "I NEED HONEYS AND MONIES"
x 0   x 0  Alert Admin	this one i totally feel for falcon holders. i too kena the first wave of O& M company. Ottomarine. easily lost 10k plus. think it is time to ask SGX to close shop already.
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TraderBen Supreme	18-Jan-2019 21:53        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haven?t la.. restructure only Ma haha danger      ( Date: 18-Jan-2019 15:34) Posted: traderben up lorry TraderBen      ( Date: 09-Jan-2019 22:15) Posted: This is very easy to push passed 10cents
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danger Supreme	18-Jan-2019 15:34        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	traderben up lorry TraderBen      ( Date: 09-Jan-2019 22:15) Posted: This is very easy to push passed 10cents! makdatok      ( Date: 09-Jan-2019 10:25) Posted: They gonna push this up :-))
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TraderBen Supreme	18-Jan-2019 15:33        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	We are confident FEG will emerge an even stronger entity post restructuring. Tan pong tyea
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sheerluck Supreme	18-Jan-2019 13:20        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	Major dilution.  Same path as Ezion......
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nqing87 Supreme	18-Jan-2019 13:08        nqing87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	wow just 3 mths ago i posted this.. another O& G counter gone case nqing87      ( Date: 10-Oct-2018 12:02) Posted: dont look at NAV in a troubled industry.. many O& G now in restructuring even though NAV much higher.. swiber, nam cheong, marco polo etc..  the fact is no one is willing to buy the assets when they liquidate and  probably has to sell at 1/10 or less  of the original  stated asset value..  it is clear that falcon has tonnes of debt with little cash.. it will have to go restructuring if it doesnt get lenders to tide it over.. marjohn      ( Date: 10-Oct-2018 11:40) Posted: Aiya those auditor all also see wind direction. By the time they commented was is over. Those days they also said many companies going concern problem but those companies also bounced up!!! In O & G the key question now its not about the book but survival!!! Falcon almost certain to survive and with NTA of 10cts current level is a STEAL! Somebody wana buy chip la....happy trading folks!!!
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guards80 Supreme	18-Jan-2019 13:08        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Those morning will be sian half tonytan44      ( Date: 18-Jan-2019 12:53) Posted: the few who keep buying see stars liao. guards80      ( Date: 18-Jan-2019 12:43) Posted: Voluntary trading suspension 😱 😱 😱
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makdatok Supreme	18-Jan-2019 12:57        makdatok About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just keep lor..Hopefully they ll lift d suspension when oil reach 70..Now no matter what it couldnt go down liao ..lolz
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tonytan44 Supreme	18-Jan-2019 12:53        tonytan44 About Contact  Quote this Post!
x 0   x 0  Alert Admin	the few who keep buying see stars liao. guards80      ( Date: 18-Jan-2019 12:43) Posted: Voluntary trading suspension 😱 😱 😱 makdatok      ( Date: 18-Jan-2019 12:12) Posted: Waa..suspend
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guards80 Supreme	18-Jan-2019 12:51        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Those buy this morning suspension liaoz dont know when will lift suspension Berani      ( Date: 06-Dec-2018 11:37) Posted: 0.028 good price to add.... buy and keep
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