| Latest Forum Topics / Ezra Last:0.011 -- |
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EZRA HOLDINGS - RED HOT NEWS
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Observers
Elite |
25-Oct-2016 08:57
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Wonder if its Perisai bondholders want to exercise the put option to force Ezra to pay up asap.
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CraigFoo
Elite |
25-Oct-2016 08:55
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Those smart shortists probably closed position yesterday. They know if it's bad, they can easily open another position to short it down. | ||||
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Integrity
Elite |
25-Oct-2016 08:48
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Past 2 weeks movement looks very bearish, more likely to be bad news. |
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pnuklis
Master |
25-Oct-2016 08:45
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Hope the halt is to announce SGX that the coupon payment is made. |
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vivacious
Supreme |
25-Oct-2016 08:44
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everyone is condemning ezra...let' s see what happens. |
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dvdtsk
Senior |
25-Oct-2016 08:09
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wow!!   you so accurate... :)  
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dragonboy76
Master |
25-Oct-2016 08:08
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They want to stop price speculation during meeting. Logical move | ||||
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GuavaXF30
Elite |
25-Oct-2016 08:06
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Ezra just called for trading halt. |
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buysellbuysell
Master |
25-Oct-2016 08:03
Yells: "someone please sell down low so that others can buy low" |
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😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆
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dragonboy76
Master |
25-Oct-2016 07:52
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If they expand the equity base by issuing rights, etc., that will also dilute the share and cause it to drop. Simply can't see any way this counter can recover. Anyway let's wait for the meeting outcome | ||||
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dragonboy76
Master |
25-Oct-2016 07:49
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If ended like swissCo meeting in unhappiness, then prepare further drop in price. 1 of the covenant is shareholder fund equity of at least 600 mil. That is probably why yesterday there is a support to prevent counter price from dropping before meeting today.
I believe once this covenant is waived by bondholder, u can see price starting to drop. |
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Lucky03
Elite |
25-Oct-2016 07:38
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Can't imagine if the 10am Mtg ended not in favour. | ||||
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alexchew
Master |
24-Oct-2016 17:55
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the risk appetite of investors are good.. even though, they know company do not have money, there is no sell off.. i am impressed |
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Stocky901
Supreme |
24-Oct-2016 17:49
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May have trading halt if they can't pay the coupon due. cautious.. | ||||
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CraigFoo
Elite |
24-Oct-2016 16:16
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Oil up 18% now... Right?
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TeoMark
Veteran |
24-Oct-2016 12:40
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From the Business Times 24 Oct 2016 " Ezra is in a peculiar position because of its stakes in Emas Offshore, whose joint-venture loan facilities with Perisai are being affected by Perisai' s default," said a credit analyst. A cross-default was triggered on the loans after Perisai defaulted on principal and interest payments on Oct 3. " Since its bond only matures in 2018, it is taking the preemptive step in getting the waivers for any breach as a result of the Emas JV loans." This is another problem that this company has to deal with. The JV loans with Perisai, of which Perisai is already declared insolvent. Will the JV loans be accelerated and how will Emas, being a party to the loan, able to redeem its liabilities to the JV loans. Ultimately, what is the net exposure for Ezra, being the holding company of Emas. Bondholders will be asking these questions for this coming meeting with Ezra before deciding whether to accept to the terms.
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dragonboy76
Master |
24-Oct-2016 11:42
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they should have 3 mil to pay. but the coming unsecured debt payment and perisai problem is going to ' kill' them 
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charliel3ong
Senior |
24-Oct-2016 11:41
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Lol, easy bro. Just checking. Maybe you got insider info, I don' t know. I found this from Ezra website. " The Board of Directors of Ezra Holdings Limited (the &ldquo Company&rdquo ) refers to its announcement on 18 October 2016 regarding the launch of a Consent Solicitation in relation to the Notes on 18 October 2016. Capitalised terms used and not otherwise defined in this announcement have the meanings given in the consent solicitation statement dated 18 October 2016. The Company will be convening an informal meeting with holders of the Notes (the &ldquo Noteholders&rdquo ) on 25 October 2016 at 10.00 a.m. (the &ldquo Informal Meeting&rdquo ), with the aim of updating the Noteholders on the Company&rsquo s current position and providing further information in relation to the Consent Solicitation.  " Consent Solicitation to change the T& C of the 2018 bonds. i heard they offering 0.1% consent fee if bondholders agree before 2nd Nov this year. Nothing mentioned about bonds repayment due soon. Unless you' re refering to maybe Perisai?
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pnuklis
Master |
24-Oct-2016 11:22
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Bro Charlie, there is a 3 million coupon payment due today for the bond that is due to expire in 2018. If they miss the coupon payment the company is Habis. Dont know this a????????????????????????????? |
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CraigFoo
Elite |
24-Oct-2016 11:17
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Whether it's the shorts or Longs being cooked, it's not clear yet.
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