| Latest Forum Topics / Ezra Last:0.011 -- |
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CoscoCorp
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Lost_on_Ezion
Senior |
01-Aug-2016 16:32
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Recover strongly
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paranomic123
Veteran |
01-Aug-2016 16:31
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With the amount of debts, and the amount of loam maturing. Its real fear. No need to create. Now to issue more shares..killing more shares ppl holding on.. its cheaper than toilet paper..in quick time.
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churnw
Elite |
01-Aug-2016 16:30
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Now 0.046 Liao ... | ||
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danger
Supreme |
01-Aug-2016 16:29
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WHO DID THE MASSIVE SCOOP UP OVER 10 MILLION SHARES AT 4.5 SELL QUEUE?? |
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Lost_on_Ezion
Senior |
01-Aug-2016 16:26
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Thanks bro. SINGAPORE: Singapore&rsquo s Ezra Holdings Ltd, seeking to weather a slump in the offshore marine services industry, is evaluating ways to strengthen its capital structure, people with knowledge of the matter said. The company is working with a financial adviser to find investors for about US$100mil of new stock, the people said, asking not to be identified as the process is private. It is also seeking to term out more than US$100mil of its loans and bonds, as it tries to ease a short-term financing strain in part by extending its debt maturities, one of the people said. Shares of Ezra, which has a market value of S$147mil (US$109mil), have fallen 17% this week on concern about the industry after Swiber Holdings Ltd filed a petition to wind up and liquidate itself.
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alexchew
Master |
01-Aug-2016 16:20
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i really dont think the forummers here are creating fear.. All matters so transparent, ezra really look like they need a lot of money to tide over.  Look at mermaid, they just recontract their rigs at substantially lower rates than previous contract for 3 years. What does it mean? They anticipate recovery will not come in any 2 years time. Good example for others to come clean, follow the way mermaid is dealing. 
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sheerluck
Supreme |
01-Aug-2016 16:19
Yells: "Work for your money first then let your money work for you" |
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The selldown is probably due to this news.  To raise US$100mil on current price of 4.5cts, you need to issue 1-for-1.  But who will subscribe at current market price or even subscribe at all.  Even if someone do, given EZRA dire situaton, minimum 50% discount to price.  Then you are looking for 2-for-1.  Theortical xd price should then be 3cts.  But as Ezion and loads of others that have demonstrated, liekly to go near or below right price.  AOF might participate given their style. Shortist is now gleaming with joy liao.  No need to cover for months liao and let the money roll. Oh by the way, I suppose the mgmt should get their fat salary?  No?  
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churnw
Elite |
01-Aug-2016 16:15
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Suddenly buy queue so many....12720300 | ||
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sheerluck
Supreme |
01-Aug-2016 16:10
Yells: "Work for your money first then let your money work for you" |
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Having contract is necessary for the company to carying on business.  Every contract means they can get contract loan financing.  All this becos they want to do good for the company and share fruit with sharehodlers?  NO! NO! NO! So long as the company can operate, they can get they fat pay.  Good times, pay themselves much more.  Bad time pay themselves the same. So they will make the company go on until it cannot tahan.  But no matter what, they dont need to tahan anything.  Maybe just cannot tahan multi-dollar bank account not growing even more.     |
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churnw
Elite |
01-Aug-2016 16:08
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The sell down could be due to contra due date...
Now the time to buy . Anyone can advise |
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dead44
Senior |
01-Aug-2016 16:07
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So sad, to see retail suffer, slow ... pain every day. May b as in alt media a new sou rce of free energy coming soon? | ||
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Lost_on_Ezion
Senior |
01-Aug-2016 16:03
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Back to 4.6 cents. The selldown is over. |
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churnw
Elite |
01-Aug-2016 16:02
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Someone really create fear ..... To press down ...
Don't know what their agenda ... |
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Ryan123
Member |
01-Aug-2016 16:02
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Their 500m debt is not due this year, it is due around middle of next year. They still have 1 year time to raise capital either by issuing new share, from bank and etc
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paranomic123
Veteran |
01-Aug-2016 16:00
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bankrupt .. xiao liao loh..standby..
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paranomic123
Veteran |
01-Aug-2016 15:57
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Your this statement reminds me that smthing fishy... Share price has a more deeper way down?
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treetops
Elite |
01-Aug-2016 15:56
Yells: "Moments Today, Memories Tomorrow!" |
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I think more or less same like swiber ba? Lower the bid and always get this and that contract... Just from last year to this year, they have swallow alot project liao, can they fufill all? Award with alot project is one thing, but can complete the project with decent profit is another tissue...
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Soulcityy
Senior |
01-Aug-2016 15:56
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Few Mths ago I mentioned this Ezra will go bankrupt.. Everyone scolded me vulgar words. Then I decided to be a little more positive... Guess what ? My first instincts after looking at Ezra balance shit was right on! Ezra most likely will be bankrupt in 9 Mths time. 500 million debt maturing next year June. Let's see how it goes. | ||
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alexchew
Master |
01-Aug-2016 15:53
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i am more curious if the JV with chiyoda, did the directors managed to benefit something for themselves? Is it an escape route to de-link assets with Ezra? Something for value investors to dig deeper. |
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xtraderx
Veteran |
01-Aug-2016 15:51
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This counter is technically more cash strapped than swiber, almost sure to file for bankruptcy by end of year, I don' t see how they can rollover the 500m debt due this year. |
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