| Latest Forum Topics / EMAS Offshore |
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lglg666
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13-Dec-2016 21:44
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Thanks bro..,,can see why this stock is trading in such crappy way since so little shares in retailers' hands. The so called BB
must be having "money not enough problems".
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kerier
Veteran |
13-Dec-2016 17:59
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Oil majors and NOCs will be very cautious on costs going forward even though oil prices may stabilize in the near future. Unless EZRA group can cut its overheads significantly, its not going to be easy for them to survive in a new lower margin environment. Carrying such massive debt will further erode profitability of new contracts.  The ongoing issue with Perisai also may not end well. And even if the family has the money, I doubt they would want to sink in money and privatise the company. Use the banks' money thats what they will do.  |
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alexchew
Master |
13-Dec-2016 17:42
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well, to make it in another point, how do you expect the 70+% to sell in this market? Do you think they want to sell or they want to keep if given a choice? Anyway, no need debate as we dont and will never have the answer. Just curious from my end. |
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Zindarion
Veteran |
13-Dec-2016 17:25
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Sorry, see the wrong total shares. repost: one more important note:  Top 20 Shareholdings hold 97.93% of EMAS.    Meaning 2.07% = 7.8 million shares float in market - 1.24 mil in treasury.  About 7.8 million shares float in the market only.  That explain the sloppy volume and gap since 2014 listing.
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Zindarion
Veteran |
13-Dec-2016 17:22
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one more important note: Top 20 Shareholdings hold 97.93% of EMAS.  Meaning 2.07% = 60 million shares float in market - 3.4mil in treasury. About 56.6 million shares float in the market only. That explain the sloppy volume and gap since 2014 listing. |
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Zindarion
Veteran |
13-Dec-2016 17:10
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Based on last Annual Report, Ezra hold 75.25% on EMAS. Shareinvestor has lightly diff figure of 76.19% after Lionel Father transfer everything to Lionel.  
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kerier
Veteran |
13-Dec-2016 17:04
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you mean ezra holds 76.19% right? overall the lee family' s stake in ezra should be around 20% or less.
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Zindarion
Veteran |
13-Dec-2016 16:57
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Emas still worth more than what they are now. Dont forget Lionel is holding 76.19% in EMAS which speak a lot on this. If Bank gave green light to refinance their debt, then Emas is on the way for recovery with the selling of PV Keez they will have sufficient fund to survive in coming few years time. i thought business always sell high buy low? which means current Emas is cheap to own rather than high to sell. Let see how Emas can recover or chap 11 in coming future.
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alexchew
Master |
13-Dec-2016 10:42
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Privatisation of emas? Maybe few years down the road after the company survive... Then they will issue share options to themselves at dirt cheap price for saving the company. IPO at high price is not their fault, its the investors who chose to buy into the IPO. Who doesn' t want to sell their business at the highest valuation. But buying back " cheap" is not their intention since the biz model is not sustainable now. I am sure the market sentiment is not turning positive for O& G now as well. A plan remains a plan until well executed and other external players also abide by the rules for OPEC and shale players.  We can argue market is forward looking.. But the qn is, are we investing or gambling. It will be faster to go to casino sometimes, and you are actually in control of your own fate.    |
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Zindarion
Veteran |
13-Dec-2016 10:02
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The only thing I am not clear is what Lionel plan for Emas.
Ipo at such a high price and current valuation is dirt cheap for him. Now market sentiment is turning positive for OG. Will Lionel privatise Emas? Or do a fund raising exercise? We will see how it goes for Emas future coming year. 3rd year listing in SGX with sloppy volume and price action. |
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Zindarion
Veteran |
13-Dec-2016 09:55
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Well at least bank would like to make further loan to recoup losses or earlier loan which is a big advantage in current OG market.
Better struggle and has a chance to turn around than go bust like Swissco and Swiber. Current OG market sentiment consider the best since the crash of Oil Price.
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alexchew
Master |
13-Dec-2016 09:40
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probably, they will struggle to stay alive rather than turnaround. Te financer wants to get back a chunk of their money rather than letting the company go bust. This is call " HOPE" in layman terms. Shareholders value is almost non-existence already. But, there is always a play on the mentality part... The herd mentality. I will not be surprise if more O& G go bust or get suspended once more.  |
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Zindarion
Veteran |
13-Dec-2016 09:34
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Finally the financing portion is done.
Kind of a relief if Emas will go bust by following Swiber and Swissco. Let see how this counter will play the recovery if there is any. Hahaha
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granto
Master |
13-Dec-2016 07:14
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Emas Offshore reaches deal to refinance debt |
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lglg666
Supreme |
09-Dec-2016 13:50
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So far......no impact on the share price!
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granto
Master |
09-Dec-2016 07:39
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EMAS Offshore terminates with Perisai Petroleum Teknologi over SJR Marine put option |
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jayarumah
Master |
17-Oct-2016 16:48
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CRAP
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jayarumah
Master |
17-Oct-2016 16:18
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this counter lglg666 the big farter also invested worrrrr...
lmao
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lglg666
Supreme |
11-Oct-2016 13:52
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Not just KrisEnergy is surging in fact almost all in the O & G counters are too....except this crap 💩 ¥#%£?*#% lol.
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lglg666
Supreme |
11-Oct-2016 13:32
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KrisEnergy is flying today while this crap is still in coma. | ||||
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