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EZRA HOLDINGS - RED HOT NEWS Post Reply Rate topic
charliel3ong Senior	24-Oct-2016 11:15        charliel3ong About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro, if I didn' t read the news wrong, I don' t think Ezra is missing on any bond payments right now or in near future. they' re sorting out some details about the 2018 bond payments. rather it' s Swissco that' s in trouble for missing on bond payment earlier.  pnuklis      ( Date: 24-Oct-2016 11:07) Posted: Ezra are going to miss the bond payment by close of today unless some miracle happens and banks come forward to lend them another 500 million loan to  keep them afloat. With the current exposure all are going to say enough is enough as this one looks like endless pit. Once missed bond  payment then it might get suspended like Swissco and no chance to sell.
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Lucky03 Elite	24-Oct-2016 11:11        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I'be seen too often of how they 'cooked a frog with slow fire' and the frog will be dead before it even realized. CraigFoo      ( Date: 24-Oct-2016 11:08) Posted: Price clicking below 0.048 today... Looks like the shorts already making the first move before tomrw'S meeting outcome. charliel3ong      ( Date: 24-Oct-2016 10:57) Posted: Anyone vested in Ezra attending bondholder meeting tomorrow?
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CraigFoo Elite	24-Oct-2016 11:08        CraigFoo About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	Price clicking below 0.048 today... Looks like the shorts already making the first move before tomrw'S meeting outcome. charliel3ong      ( Date: 24-Oct-2016 10:57) Posted: Anyone vested in Ezra attending bondholder meeting tomorrow?
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pnuklis Master	24-Oct-2016 11:07        pnuklis About Contact  Quote this Post!
x 0   x 1  Alert Admin	Ezra are going to miss the bond payment by close of today unless some miracle happens and banks come forward to lend them another 500 million loan to  keep them afloat. With the current exposure all are going to say enough is enough as this one looks like endless pit. Once missed bond  payment then it might get suspended like Swissco and no chance to sell.
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charliel3ong Senior	24-Oct-2016 10:57        charliel3ong About Contact  Quote this Post!
x 0   x 0  Alert Admin	Anyone vested in Ezra attending bondholder meeting tomorrow?
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halleluyah Supreme	24-Oct-2016 10:19        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	Typo...missing 0. halleluyah      ( Date: 24-Oct-2016 09:57) Posted: Habis..,Iraq cakap not to join Opec cut...crude -43% & brent -39%.
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halleluyah Supreme	24-Oct-2016 09:57        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	Habis..,Iraq cakap not to join Opec cut...crude -43% & brent -39%.
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dragonboy76 Master	24-Oct-2016 09:51        dragonboy76 About Contact  Quote this Post!
x 0   x 0  Alert Admin	price now starting to drop
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dragonboy76 Master	23-Oct-2016 10:51        dragonboy76 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Even if they get bondholders to agree this time round, their share price bounce to keep dropping. Going to announce financial result soon and with approx 500 mil debt to be paid within a year, I don't see how they can raise so much cash to paid. No white knight will come since this industry is not recovering soon and they can't possibly raise rights again since their share price so low now. Lepin888      ( Date: 23-Oct-2016 10:42) Posted: If bond holders dont give waivers on covenants this company will end up like swiber...so get waivers early....banks get paid first...shareholders last
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dragonboy76 Master	23-Oct-2016 10:43        dragonboy76 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Paisei, pt number 1 is for ezion. Write wrongly dragonboy76      ( Date: 23-Oct-2016 10:38) Posted: Not true, they should have sufficient cash since coupon payment inly 3.65mil. But they will have very hard time coming up into next year, provided they can survive this year 1. 3 rigs on chartering, own partially with swissco, but not receiving payment 2. Request consent solicitation to get notebonder to waive all financial convenants until maturity in 2018. Potential convenants in breach: A. Failure to maintain into coverage of 1.75x B. Failure to maintain shareholder fund of at least $600 mil. Based on end may share price, equity worth $797.8 mil. 3. Usd 257.8 mil secured debt to be paid within a year 4. Usd 266.3 mil of unsecured debt due. Already pledge 60.8% stake in triyards to DBS and ocbc 5. Own emas and emas own 11.8% of perisai and also hold 49% of jv with perisai, emas may need to buy remaining 51% at usd 43mil if perisai exercise the rights to do it. With above all these coming, it is definitely good time to short this counter. Only 1 direction for this counter. Fact is fact, no more no less
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Lepin888 Veteran	23-Oct-2016 10:42        Lepin888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If bond holders dont give waivers on covenants this company will end up like swiber...so get waivers early....banks get paid first...shareholders last
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dragonboy76 Master	23-Oct-2016 10:38        dragonboy76 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not true, they should have sufficient cash since coupon payment inly 3.65mil. But they will have very hard time coming up into next year, provided they can survive this year 1. 3 rigs on chartering, own partially with swissco, but not receiving payment 2. Request consent solicitation to get notebonder to waive all financial convenants until maturity in 2018. Potential convenants in breach: A. Failure to maintain into coverage of 1.75x B. Failure to maintain shareholder fund of at least $600 mil. Based on end may share price, equity worth $797.8 mil. 3. Usd 257.8 mil secured debt to be paid within a year 4. Usd 266.3 mil of unsecured debt due. Already pledge 60.8% stake in triyards to DBS and ocbc 5. Own emas and emas own 11.8% of perisai and also hold 49% of jv with perisai, emas may need to buy remaining 51% at usd 43mil if perisai exercise the rights to do it. With above all these coming, it is definitely good time to short this counter. Only 1 direction for this counter. Fact is fact, no more no less
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pnuklis Master	23-Oct-2016 08:33        pnuklis About Contact  Quote this Post!
x 0   x 0  Alert Admin	This might be the last chance for Ezra holders to sell on Monday morning as they are going to default on coupon payment due to no cash available in company. Then their stocks might be suspended like SWISSCO. Game over for Lionel and KS.
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alexchew Master	21-Oct-2016 15:26        alexchew About Contact  Quote this Post!
x 0   x 0  Alert Admin	pretty good deal.. 0.1% in exchange to further lock ur capital, with no demand rights.. Anyway, its like a dream to get back the capital already. charliel3ong      ( Date: 21-Oct-2016 14:42) Posted: i think the best thing now is somebody go ask each of the bondholders' opinion and see if they gonna accept the amendments or not. 0.1% consent fee actually pretty good for multi-million bonds.
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charliel3ong Senior	21-Oct-2016 14:42        charliel3ong About Contact  Quote this Post!
x 0   x 0  Alert Admin	i think the best thing now is somebody go ask each of the bondholders' opinion and see if they gonna accept the amendments or not. 0.1% consent fee actually pretty good for multi-million bonds.
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CraigFoo Elite	21-Oct-2016 14:37        CraigFoo About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	I'm sure you have your ways.. In sg market where every price movement is manipulated and controlled by supercomputers. The only thing u can trust is TA and volume. Anyway, no one will stop you if you want to short now. dragonboy76      ( Date: 21-Oct-2016 13:45) Posted: TA is after all only a set of rules. it only give us advance idea of the future price trend and needs to be confirmed by actual price trend. Like what you say, actual security price is the one that matters. if Exzra cannot resolve the debt problem satisfactorily, no support level will be able to hold this price.  talking about TA, i don' t see any positive reading on this counter. momentum is going down. MACD below signal line and approaching zero level, toward negative region. price also approaching lower bollinger band, etc CraigFoo      ( Date: 21-Oct-2016 13:21) Posted: I think those who's familiar with TA will know how important 0.048 is. As usual, lots of 'news' about Ezra crumpling down. But if price don't show, it means nothing.
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sheerluck Supreme	21-Oct-2016 14:35        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	FA and TA is good only under normal circumstances and things happening within ranges.   When there are critical events and/or Black Swan events, things can get out of ranges very fast and only OA matters.   Saving your Own Asses! dragonboy76      ( Date: 21-Oct-2016 13:45) Posted: TA is after all only a set of rules. it only give us advance idea of the future price trend and needs to be confirmed by actual price trend. Like what you say, actual security price is the one that matters. if Exzra cannot resolve the debt problem satisfactorily, no support level will be able to hold this price.  talking about TA, i don' t see any positive reading on this counter. momentum is going down. MACD below signal line and approaching zero level, toward negative region. price also approaching lower bollinger band, etc CraigFoo      ( Date: 21-Oct-2016 13:21) Posted: I think those who's familiar with TA will know how important 0.048 is. As usual, lots of 'news' about Ezra crumpling down. But if price don't show, it means nothing.
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alexchew Master	21-Oct-2016 14:00        alexchew About Contact  Quote this Post!
x 0   x 0  Alert Admin	lets see ezra drop soon.
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dragonboy76 Master	21-Oct-2016 13:45        dragonboy76 About Contact  Quote this Post!
x 0   x 0  Alert Admin	TA is after all only a set of rules. it only give us advance idea of the future price trend and needs to be confirmed by actual price trend. Like what you say, actual security price is the one that matters. if Exzra cannot resolve the debt problem satisfactorily, no support level will be able to hold this price.  talking about TA, i don' t see any positive reading on this counter. momentum is going down. MACD below signal line and approaching zero level, toward negative region. price also approaching lower bollinger band, etc CraigFoo      ( Date: 21-Oct-2016 13:21) Posted: I think those who's familiar with TA will know how important 0.048 is. As usual, lots of 'news' about Ezra crumpling down. But if price don't show, it means nothing.
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charliel3ong Senior	21-Oct-2016 13:40        charliel3ong About Contact  Quote this Post!
x 0   x 0  Alert Admin	They need to survive next week bondholder meeting before anything else. otherwise could be the next Swiber or Swissco. if you' re a gambler, should buy now, good risk to reward ratio. if you' re a bondholder, get out of this counter.
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