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EZRA HOLDINGS - RED HOT NEWS
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churnw
Elite |
24-Aug-2016 09:20
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No movement at all leh .... | ||||
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lglg666
Supreme |
23-Aug-2016 22:29
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Hope so....should be a piece of good news for Ezra and hope this will give Ezra a break.
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zandlery
Supreme |
23-Aug-2016 22:25
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are u sure....I feel will end up more like Swiber
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lglg666
Supreme |
23-Aug-2016 22:21
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Yes.....got more breathing space with the latest roti prata by SGX, thank goodness lol.
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moron101
Supreme |
23-Aug-2016 22:20
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Don't need MTP liao. Ezra will fly from here to sky.. Huat ah! | ||||
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Lucky03
Elite |
23-Aug-2016 21:40
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Ezra will have more breathing space ....
SGX suspends minimum trading price rules to consider addition of market cap test By Kenneth [email protected]@KennethLimBT THE Singapore Exchange (SGX) is imposing a moratorium on its minimum trading price (MTP) requirement while it seeks feedback on adding a market capitalisation test to existing criteria. AUG 23, 20165:16 PM THE Singapore Exchange (SGX) is imposing a moratorium on its minimum trading price (MTP) requirement while it seeks feedback on adding a market capitalisation test to existing criteria. Under SGX's proposal, mainboard-listed companies will no longer be added to the MTP watch list and face potential delisting simply because their six-month volume weighted share price falls below 20 Singapore cents. Those companies whose share prices are too low will only be added to the MTP watch list if their market capitalisation is also below S$40 million. SGX is also proposing to lengthen the review frequency for both the MTP watch list and the Financial Entry watch list, which puts on notice companies whose market cap fall below S$40 million and that report three straight years of losses. The two watch lists will remain separate. SGX wants to review both entry and exit from both watch lists twice a year instead of quarterly, in order to align the timing of the reviews with their six-month look-back periods. The public consultation is open until Sept 23. If the proposals are accepted, SGX expects implementation to take place by June 2017. While the consultation is going on, SGX will not add any new entrants to the MTP watch list the scheduled September review will therefore be put on hold for watch list additions. Companies already on the MTP watch list will not face delisting while the moratorium is in place. If the new proposals are implemented, companies that remain on the MTP watch list will have their cure deadlines reset to 36 months from the implementation of the new criteria if the proposals are rejected, however, the clock for exiting will resume for existing MTP watch list companies once the moratorium is lifted. SGX will continue to review existing MTP watch list companies for exit on a quarterly basis during the moratorium. The Financial Entry watch list will continue to ooperate as normal. Under SGX's current rules, mainboard-listed companies will be placed on the MTP watch list if their six-month volume weighted average price is below 20 Singapore cents when a quarterly review takes place. A separate watch list, the Financial Entry list, is for mainboard-listed companies that report three straight years of losses and whose market cap is below S$40 million. Companies on either watch list have 36 months to resolve their status, or they could face delisting. SGX cited the changes as an attempt to fine-tune the controversial MTP requirement. "The MTP requirement remains relevant to addressing the risks associated with lower priced securities," SGX chief regulatory officer Tan Boon Gin said in a statement. "We have been considering market developments and feedback in the implementation of the requirement and made refinements along the way. We are now proposing further refinements to make it more targeted and effective." SGX said that an analysis of historical data showed that among the companies with a six-month volume weighted average share price of less than 20 Singapore cents, those with a market value of at least S$40 million "showed better liquidity characteristics and lower volatility" than those whose market cap fell below that threshold. "This thus suggests that the market capitalisation test as an MTP entry criterion will complement the existing requirement to more precisely achieve the goal of reducing excessive speculation and potential manipulation," SGX said in a statement. The moratorium will bring respite for an estimated 125 companies that are expected to be on the MTP watch list if the review were to take place as scheduled in September. Of those, 53 have already been on the MTP watch list since it was created in March 2016. Another 64 would have been added out of 67 companies that received extensions from SGX, for various reasons, to comply with the MTP requirement. The final eight are companies whose six-month volume weighted average prices fell below 20 Singapore cents since June and did not receive any extensions from SGX. If the new proposals were in place as at Aug 1, 16 of the 55 companies currently on the MTP watch list would exit the list. Of those, two are expected to exit anyway in the coming September review because they have managed to raise their share prices sufficiently. |
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sheerluck
Supreme |
23-Aug-2016 14:42
Yells: "Work for your money first then let your money work for you" |
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I have to agree with you on this.  SG needs to constantly reinvent its economy.  Previously is value-adding.  Now is value-creation.  Shipping is sunset liao. LABOUR intensive somemore.  It did it best during oil boom.  Now oil burst, SG will not save it.  Needs to made way for technology and healthcare. SG or MAS will only step in to ensure stability of the financial system, ie they just want to make sure the bank dont cock up.  So if Swiber toh, EZRA toh, EZION toh, but bank can take the shock, MAS will not do anything.
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sriramanv
Master |
23-Aug-2016 13:42
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Yes, agreed... thats why i have always been calling for a TP 2c
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Wisely
Senior |
23-Aug-2016 13:33
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Sorry, its not even an option for the govt to bail them out. NO SUCH THINGS> > > > . To be honest, the management can start packing up and go. As for the normal employees, sorry, better take the skill future grant and start learning another trade.
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alexchew
Master |
23-Aug-2016 12:51
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In my opinion, SG Govt, they need to answer to taxpayers. Same like US, you want the govt to bail you out, sure.. But all existing shareholders will take a deep haircut. If this is not done in this manner, the govt will be setting a precedent. You operate a profitable business, enjoy the fruits but in sunset days, taxpayer absorb the losses?  JV partners, i am sure they will not want to be involved in this shit for no reason. If they are really keen to support them in the first place, a private placement in ezra shares will do, why go through the hassle to come up with this complicated JV? At least, it doesn' t look like to me.  |
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sriramanv
Master |
23-Aug-2016 12:38
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unless there is support from gov or jv shareholders, very difficult for the price to rebound. next month consolidation may happen...after that people will short again... may go for another rights or selling assets??     |
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alexchew
Master |
23-Aug-2016 12:35
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If i consider this, going forward, most profitable contracts are going to be through the JV. How many % is coming to ezra, and the amount of cash flowing out of the JV to ezra as well? There is not so much control by ezra management over the timing compared to previously.   How is ezra going to repay so much debt with so little profit share in future?  |
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pinkowl
Supreme |
23-Aug-2016 12:07
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When I read this news, i thought it' s a bad news. Ezra price started diving way before oil dived. Better be careful, everyone.
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sheerluck
Supreme |
23-Aug-2016 11:09
Yells: "Work for your money first then let your money work for you" |
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There are two news in this release.    If one only choose to see the positive one and ignore the negative one, his/her assessment might differ from the market. 1a - discussion with note holders on notes maturing 3 Oct 2016 1b - charter extension for $45mil. Previously when EMAS/Chiyoda win that $1.6bil contract, did EZRA with 50% stake shoot up?  If not can one expect a $45mil where EZRA stake is only 20% to shoot up.  And this round got this discussion with noteholder suggest tight cashflow. You put all this together, you can still expect it to go up?  You can still consider this is good (enough) news? Ofc you can but the bigger question is does the market thinks like you?
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Demostation
Supreme |
23-Aug-2016 10:08
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Many are still struggling with Ezra.  Will it rebound?  |
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moron101
Supreme |
23-Aug-2016 09:46
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Yes. Very suck eX..
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Macqueen
Master |
23-Aug-2016 09:42
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So sad short still go meat my 2 cent
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churnw
Elite |
23-Aug-2016 09:40
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Good news but share go down... | ||||
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moron101
Supreme |
23-Aug-2016 08:05
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Yes good news. Extension of charter contracts worth US$45m.
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churnw
Elite |
22-Aug-2016 23:43
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Got news ... Is this good.. | ||||
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