| Latest Forum Topics / Ezra Last:0.011 -- |
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Black Gold Industry Discussion
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Renfredli
Member |
22-Mar-2016 09:16
Yells: "End the year with profit" |
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today 0.12 Got chance?
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learner42
Senior |
22-Mar-2016 09:14
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Cornered?
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makdatok
Supreme |
22-Mar-2016 09:07
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Shorties will be fried..blacken...ezra will munch them...hiak3 | ||||
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KAMAL0883
Supreme |
22-Mar-2016 09:04
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not many EMAS and Triyards share left in the market after the pledged by LL if any traders play down the price will provide a good opportunity for LL or whoever to enter at low price
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redguard166
Member |
22-Mar-2016 09:01
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hmm opening no gap up no cheong? |
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WhyWhy
Member |
22-Mar-2016 08:58
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... otherwise, how would you get such fire-sale price now?..
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KAMAL0883
Supreme |
22-Mar-2016 08:56
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Ezra Holdings has fully redeemed its $95 million fixed-rate notes due on Monday, after obtaining a secured $100 million loan from banks. The loan was secured through share pledges over the entire issued share capital of Emas Offshore Ltd and Triyards Holdings, which are both owned directly by the company. |
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makdatok
Supreme |
22-Mar-2016 08:55
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Oil still steady..so no way ezra will dive...even a weak movement now,it will run in accordance with oil eventually..patiently digging my heel..hiak3 | ||||
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WhyWhy
Member |
22-Mar-2016 08:51
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I would sa,y during good time this may be bad. But during bad time like now for O&G companies affected by the low oil price, this would be good.
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Lucky03
Elite |
22-Mar-2016 08:11
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How should investors react to the 2 pieces of news released yesterday evening and this morning regarding their obligations to bondholders ? They settled 1 but not without taking some significant risk with the pledging of their shares in Triyards and EMAS Offshore and making commitment father and son will not hold less than 20% of Ezra. Next is to convene EOGM with bondholders to negotiate the setting up of an interest servicing account.
On one hand, good to be proactive in setting out measures to manage the very difficult financial situation, it is also worrisome that the situation remains very bad and they need to buy time till business condition improves. There should be some knee jerk reaction when market opens. No idea which way though. It will only be clear after the EOGM and whether bondholders support the proposal.
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Lucky03
Elite |
22-Mar-2016 07:44
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http://infopub.sgx.com/FileOpen/EzraDisclosuresRule_704_31.ashx?App=Announcement&FileID=394683
CONSENT SOLICITATION IN RELATION TO S$150,000,000 4.875 PER CENT. NOTES DUE 2018 COMPRISED IN SERIES 003 (ISIN: SG55F3991618) (THE ?NOTES?), ISSUED PURSUANT TO THE US$500,000,000 MULTICURRENCY DEBT ISSUANCE PROGRAMME (THE ?PROGRAMME?) Shareholders of the Company who are not otherwise Noteholders of the Notes will not be eligible to attend or vote at the Meeting of the Noteholders either in person or by proxy. Ezra Holdings Limited (the ?Company?) wishes to announce it has launched a Consent Solicitation in relation to the Notes today, as more fully described in the consent solicitation statement dated 22 March 2016 (the ?Consent Solicitation Statement?), which will be mailed to the holders of the Notes (the ?Noteholders?) with an address in Singapore and which can also be collected from The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (the ?Issuing and Paying Agent?) at its address at the end of this announcement. The Consent Solicitation is being made upon the terms and subject to the conditions set forth in the Consent Solicitation Statement. Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Consent Solicitation Statement. The Company has appointed DBS Bank Ltd. as the solicitation agent (the ?Solicitation Agent?) in relation to the Consent Solicitation. |
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queryit
Member |
22-Mar-2016 06:36
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You are of course assuming there was no debt against those properties and he had equity in them!!!!
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Lucky03
Elite |
21-Mar-2016 22:51
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Well said !
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WhyWhy
Member |
21-Mar-2016 22:31
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?Bull markets are born on pessimism (not long ago when Ezra was down to below 0.05), grown on scepticism (now...), mature on optimism (some time down the road) and die on euphoria (some years later)?... Sir John Templeton. Possible? Why not?
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Wolfman
Senior |
21-Mar-2016 22:23
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Once bitten twice shy, He has the hard cold cash after the sales of the properties...that's the buffer in case things go wrong. | ||||
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Lucky03
Elite |
21-Mar-2016 22:15
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Remembered that LL pledged his own shares of Ezra and when the price plunged to 0.079, the financial institution force sold his shares without his knowledge which he subsequently claimed ? Well, if EMAS Offshore or Triyards are played by traders and force the price down below a certain price point, will it trigger force sales ? Can't imagine how ugly that will be for the 3 companies. Let's hope this will never happen as it will bring the market down with them.
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WhyWhy
Member |
21-Mar-2016 22:00
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... in the sense that as the majority holder of the stocks they have much more to loose in case of default..
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WhyWhy
Member |
21-Mar-2016 21:51
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I see it as huge votes of confidence by both the banks and the Lees... the banks see value in the collaterals and the Lees are confident they will not default (mind you, they are pledging their own shares, not yours).
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Octavia
Supreme |
21-Mar-2016 21:50
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REDEMPTION OF THE S$95,000,000 4.75% NOTES DUE 21 MARCH 2016.Following this redemption, there are no outstanding Notes remaining. This is good news.
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sharenewbie0301
Veteran |
21-Mar-2016 21:35
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What if oil close at 42 today? Will this finally run? | ||||
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