| Latest Forum Topics / Ezra Last:0.011 -- |
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EZRA HOLDINGS - RED HOT NEWS
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Just4win
Supreme |
15-Jul-2016 09:34
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Just hope that there is no right issues.. else , need to prepare for more cash to subs
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Eagle88
Supreme |
15-Jul-2016 09:34
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If all share prices follow the results of companies, i think there' ll be many companies' share prices lower than their current prices.  |
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paranomic123
Veteran |
15-Jul-2016 09:33
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Highly downstream, my personal opinion.  Such huge loss and high debts. It just a matter of time the banks shout enough is enough. Another round of rights? who' s subscribing?  meagre cash in hand, how to survive.  Should start exit plan B soon. Let' s see. |
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Eagle88
Supreme |
15-Jul-2016 09:30
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I will load more if i have the means. So cheap man. lol |
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sheerluck
Supreme |
15-Jul-2016 09:30
Yells: "Work for your money first then let your money work for you" |
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Market angry liao.
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Eagle88
Supreme |
15-Jul-2016 09:28
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The current price has already discounted the losses. Share price is always moving more advance than the results. |
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dvdtsk
Senior |
15-Jul-2016 09:27
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The loss is humongous... it' s just buying time!!!... AVOID!!! :-((   |
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paranomic123
Veteran |
15-Jul-2016 09:26
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Yes same here. Salute to the guy . Indeed, after calculation it is almost at 2 cents, if factor in this recent loss.   
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sheerluck
Supreme |
15-Jul-2016 09:08
Yells: "Work for your money first then let your money work for you" |
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Market doesn' t seems too bothered by the results.  Already priced in or wrath comes later. |
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moron101
Supreme |
15-Jul-2016 08:59
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I really pei fu the one who targets ezra at 2c. 👍 | ||||
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dead44
Senior |
15-Jul-2016 08:58
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Loss could be staff exp,rent interest,material and not forgeting fee to sgx to remain listed | ||||
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Observers
Elite |
15-Jul-2016 08:45
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Better hope its not like Linc Energy. Short first, after suspension, then convert from bonds to cover the short.
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PPfander
Member |
15-Jul-2016 08:42
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EZRA announced a post-tax loss from continuing operations of US$239.2 million. This compares with a profit of US$0.05 million posted a year ago. Can it turn around with such a big loss in 2 qtrs when oil price just gain 1%. Haha, gone case.
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seanpent
Supreme |
15-Jul-2016 08:39
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lots of retail shortists here :)
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Shifu8888
Supreme |
15-Jul-2016 08:23
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Bondholders convert to shares like....liongold :)))) lol all the best
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GuavaXF30
Elite |
15-Jul-2016 08:22
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I am worried about the pace of their increasing losses are mounting. Of their present YTD loss of 583 mil, 42 % of this was from the last quarter alone. Very slippery slope.
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Lepin888
Veteran |
15-Jul-2016 07:38
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Banks have 1st bite what would bondholders get? Absolutely nothing...
Question banks asking would earnings recover in next few quarters or more losses...if latter then pull now. Banks must be asking for recapitalisation ie rights issue or Lee guarantees else... Am such bond covenants breached further.... |
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Shifu8888
Supreme |
15-Jul-2016 07:35
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True. A huge chunk of NTA was wiped out. NTA now is usd0.27 down substantially. Lionel Lee ever said some years ago that their breakeven is $80 oil price. If this is still true, Ezra will be in deep waters moving forward. Some analysts said $50 per barrel is the new $100. Well, oil price will not see $80 in other words, at least not for the foreseeable future. All the best.
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Observers
Elite |
15-Jul-2016 06:02
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Just had a quick glance thru the quarterly report. Looks like Chiyoda made the right move to partner Ezra. Their joint venture made alot of money. Makes me wonder if a portion of the meat has been taken by Chiyoda. I won' t be surprised if this joint venture would be somewhat shielded, operationally at least, if an unfortunate event were to befall upon Ezra. If you are an Ezra employee, I' d suggest taking up Japanese part-time and request for an internal transfer to work under the joint venture. |
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sheerluck
Supreme |
15-Jul-2016 02:56
Yells: "Work for your money first then let your money work for you" |
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EZRA managed to destroy their retained earning of US$0.5bil which they acculumated over the years to almost nothing in just 2 quarters.  Relatively speaking, an uncle in hawker take slightly longer to cook a bowl of fishball noodle. Cash at hand US$44mil vs debt of US$1.2bil.  Net gearing jumped from 1x to 2x. EZRA price-to-book hit a low of 0.1 in Feb.  Based on Q3 and price of 6.7cts, current price-to-book is 0.25.  So will it share price drop 60% to reflect the truth? If ERZA continue it good perfromace of losing another quarter billion in the fiinal quarter, then price-to-book further improved to 0.45.  Will it share price drop 78% to reflect the truth then? EZRA will need to raise cash by issue rights, sell asse(t)s or roll over their debts for years. This coy is pretty mush gone case liao.  More a question of when bank cannot tahan.  Bank also kanna.  Probably cannot recover all their debts and need to write-off most of the debts. Will EZRA default on loan and notes? Will ERZA truly become ZERA(O)? Final Q should reveal more. |
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