| Latest Forum Topics / Ezra Last:0.011 -- |
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EZRA HOLDINGS - RED HOT NEWS
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Lucky03
Elite |
16-Jan-2016 13:30
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By Research Fri, 15 Jan 2016, 11:02:50 SGT Market Pulse: Ezra Holdings, Keppel DC REIT KEY IDEA Ezra Holdings: FY16 to remain challenging Summary: Ezra Holdings reported a 19% YoY rise in 1QFY16 revenue to US$152.3m but saw a 44% fall in gross profit to US$15.7m, leading to a net loss of US$55.3m. Of this, net loss from continuing operations was US$18.6m while net loss from discontinued operations was US$36.7m. Our earlier forecast was a US$1.4m PATMI in FY16 for the group?s continuing operations, but given the deteriorating industry outlook, we lower our earnings estimates to a US$30.9m net loss. Looking ahead, Ezra expects its financial performance for the rest of FY16 ?to remain challenging?. As for corporate initiatives, the sale and leaseback of Lewek Constellation has been put on hold, though there are still plans to divest the FPSO business. Taking into account the depressed valuations across the industry and Ezra?s low ROE, we lower our fair value estimate for the stock from S$0.16 to S$0.10 (0.2x FY16 book). Maintain HOLD. (Low Pei Han)
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sheerluck
Supreme |
16-Jan-2016 12:17
Yells: "Work for your money first then let your money work for you" |
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Son: you take the punishment for me, I take care of your family.
Xiaodi: bro, I have enjoyed life under you so sure. But don't touch my wife. Son: ofc (secretly grin grin) And the son lives happily ever after. The end.
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sheerluck
Supreme |
16-Jan-2016 11:54
Yells: "Work for your money first then let your money work for you" |
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Son: Dada can company increase my pay?
Dada: company now like that how to give? Son: but that little pay no enough leh. Dada: you got "atm" card right. Figure it out yourself. Son: Yes sir! And the father and son lives happily ever after. The end.
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pinkowl
Supreme |
16-Jan-2016 11:50
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I would scoop Singpost but not this stock. First of all, I dunno much about the business. Secondly, I didn't feel the company's effort in preventing their stock from diving. Not much press release from them either on business deals or efforts. Basically dunno what they are doing.
Used to hold this stock. Sold off all the rights. Maybe will only consider scooping when oil market improved or when they interact better with shareholders.
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moron101
Supreme |
16-Jan-2016 11:25
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Lionel should fire his runner for risking his 23% stakes by 0.4% disposal to mkt.. nowadays SGX also don't care liao as their b side also on fires. .
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Qanghoo
Supreme |
16-Jan-2016 10:08
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It' s possible it' s not his fault.  Maybe shares pledged to some financial institution n they sold down to cover their own backside.  But I I agree that this is a piece of px-sensitive information n shd be made know to the mkt on the same day n posted  this before.  But I' m seeing a fair no of cases of notifying on sgx site  only two, three mkt days later. 
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Lucky03
Elite |
16-Jan-2016 08:30
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Maybe something that is worth reading. Everyone wishes they can have the crystal ball now to tell what's next.
Is It Over Yet? Two Weeks In, 2016 Feels Like Year of the Bear By Lu Wang and Alexandra Scaggs - 16 Jan 2016, 7:39:54 AM A trader works on the floor of the New York Stock Exchange during the afternoon of January 4, 2016 in New York City. Not even the pessimists on Wall Street thought things would go so wrong so fast in 2016. For the first time in 12 years, oil is below $30 a barrel. China is struggling to prop up its slowing economy and calm its volatile stock market. For the moment, the bears have the upper hand -- and January is only half over. As the Dow Jones Industrial Average sank 391 points on Friday, investors the world over seemed to be groping for any good news. While most money managers kept their cool, few offered assurances the U.S. market would bounce back soon, as it did after a similar bout of turmoil last August. The selling has been intense, and European stocks officially entered bear market territory on Friday when the Stoxx Europe 600 Index closed down 20 percent from its record high in April. Now global equities have lost more than $14 trillion, or 20 percent, since June. The pace of the drop has been so fast it?s unraveled about half of the rally since a low in 2011. Investors have fled into the U.S. Treasury market, and pushed the yield on the 10-year note below 2 percent for the first time in months. The triggers for the upheaval are familiar -- China and oil -- and the anxiety is the usual one. ?It comes down to one basic fear, which is the global economy,? said Russ Koesterich, global chief investment strategist for BlackRock Inc., which manages $4.5 trillion. ?What people are afraid of is this isn?t investors overreacting, but reflects a fundamental deterioration in growth.? No Bomb Shelter For all that, there?s a hesitancy to view what?s going on as more than turbulence. ?I?m not panicked. I don?t think this is a financial crisis,? said Jack Ablin, chief investment officer for BMO Private Bank, which oversees $68 billion. ?I?m not of that camp that says sell everything and hide in a bomb shelter. This is all part of the re-valuation in the market.? There?s a list of things that could change the zeitgeist. Central banks could step in. Consumers could start spending more of the money they?re saving on energy costs. Oil could, as oil often does, go back up. In fact, a report just out from Goldman Sachs Group Inc. predicts the crash in crude futures prices will turn the glut into a deficit by the second half of the year. Growth in China -- where the benchmark Shanghai Composite plunged an additional 3.6 percent on Friday -- could always pick up, and there could be a signal next week when the government is expected to report that retail sales rose 11.3 percent in December. Dimon?s Optimism And as more quarterly reports start coming out, the analysts could turn out to be wrong. ?A good earnings season could turn things around here,? said Brian Jacobsen, chief portfolio strategist with Wells Fargo Funds Management LLC, which oversees $242 billion. ?We just really need to get through this drop in sentiment, and get back to the fundamentals.? The heads of some of the biggest American companies are certainly more optimistic. After reporting better-than-expected results Thursday, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said on a call with analysts that the U.S. economy ?looks pretty good at this point,? and that credit quality across card and commercial-lending businesses ?is as good as it?s ever been.? Still, there are more than enough statistics and predictions out there for the Cassandras. U.S. economic data is, on balance, falling short of expectations, according to Citigroup Inc. its U.S. Economic Surprise Index, which measures where reports measure up to forecasts, has been negative since November. Worst Outlook Analysts have assembled the worst outlook for global corporate earnings in seven years. Debt investors are paying the most in three years to protect against defaults by North American companies. China burned a record amount of its foreign-exchange reserves last month to stem a plummet in the yuan. The Federal Reserve raised interest rates for the first time in nearly a decade, removing what some saw as an extra leg of support for global markets. All that explains why more than $5 trillion has been erased from global equities in the most dismal start to any year on record. At Friday?s close, more than half of the 45 markets tracked by Bloomberg had entered a bear market decline of at least 20 percent from their recent peaks. In the U.S., stocks are experiencing the second correction in five months. The Standard & Poor?s 500 Index has dropped 8 percent, marking the poorest beginning for a year in data going back to 1927, and the Chicago Board Options Exchange Volatility Index, a measure of investor fear known as VIX, surged 48 percent. ?The market is manic depressive,? Howard Marks, a co-founder of Oaktree Capital Group LLC, the world?s biggest distressed-debt investor, said in an interview on Bloomberg Television. ?It swings from seeing only the positives to seeing only the negatives and from interpreting everything positively to interpreting everything negatively.? It could be worse: While about $21 billion have been pulled out of equity funds in the past two weeks, the outflow pales in comparison to withdrawals of $35 billion during the August 2015 selloff and $90 billion in August 2011, back when the market was mired in the European sovereign debt crisis, data compiled by Bank of America show. |
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Observers
Elite |
16-Jan-2016 08:25
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" Mr. Lee Chye Tek Lionel is deemed to be interested in the shares held by Jit Sun Investments Pte Ltd by virtue of his 100% shareholdings in Jit Sun Investments Pte Ltd. "
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Lucky03
Elite |
16-Jan-2016 08:18
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Could be a genuine mistake but I was hoping that they buy in instead to demonstrate some level of confidence.
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Lucky03
Elite |
16-Jan-2016 08:09
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http://infopub.sgx.com/FileOpen/_Form%201%20-%20Lionel%20Lee.ashx?App=Announcement&FileID=385999
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queryit
Member |
16-Jan-2016 08:07
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OK found it  http://infopub.sgx.com/FileOpen/_Form%201%20-%20Lionel%20Lee.ashx?App=Announcement& FileID=385999
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queryit
Member |
16-Jan-2016 07:19
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Can you tell me where to find details of this sale, cannot see on EZRA SGX announcement? Thanks
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Qanghoo
Supreme |
16-Jan-2016 06:43
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Put  Chubby Chucker' s Limbo Rock on auto mode till kingdom comes  ....  Good Luck to Mr Lee  Kia Soo n son.   
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paranomic123
Veteran |
16-Jan-2016 02:17
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Finished...    Falling further imminent... WOnder how Lowwwwww it can go.. How to seek fundings with such rubbish share Px
Plus even the " prince" also siam === insider trading... Whats the fish!
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Lucky03
Elite |
16-Jan-2016 00:35
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I find the reason given 'Discovered of sales of shares by the nominee' a serious misconduct by Lee Chye Tek Lionel for selling 11,544,621 shares on 12 Jan 2016 and only report on 14 Jan 2016 and posted on SGX only on 15 Jan 2016 after market closed.
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Lucky03
Elite |
16-Jan-2016 00:29
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I emailed [email protected] to feedback on possible misconduct of the trade. I thought Director/CEO should not be making any trade nearing release of quarterly report. Despite it having released profit guidance in 8 Jan 2016, it is still inappropriate for Director/CEO to sell its shares (12 Jan) so near to the release of the result on 14 Jan 2016. Is that still considered insider trading ?
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sheerluck
Supreme |
15-Jan-2016 23:14
Yells: "Work for your money first then let your money work for you" |
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x 0
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Young master just cashed out on the market before price plunge further?
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Lucky03
Elite |
15-Jan-2016 22:33
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Goldman Sachs Sees Oil Bull Market Being Born in Today's Crash
By Grant Smith - 15 Jan 2016, 8:34:09 PM Oil will turn into a new bull market before the year is out as the price rout shuts down sufficient production to erode the global glut, according to Goldman Sachs Group Inc. The crash in U.S. oil futures -- which sank back below $30 a barrel on Friday to a new 12-year low -- will send the nation?s shale-oil boom spinning into reverse in the second half of the year, the bank said in a report. As U.S. production slumps by 575,000 barrels a day, global oil markets will tip from surplus to deficit, Goldman predicts. ?The key theme for 2016 will be real fundamental adjustments that can re-balance markets to create the birth of a new bull market, which we still see happening in late 2016,? analysts Jeff Currie and Damien Courvalin wrote. The market will signal it?s ready to rally when the forward price curve, which currently shows a steep discount on immediate commodity supplies, starts to flatten out, the analysts said. The end of that discount would demonstrate that there?s enough demand to whittle down oil that?s piled up in storage tanks, they said. ?A flat curve near cash costs is historically the buy signal for passive investors and we believe the current bear market will end the same way,? Currie and Courvalin said. ?Such a signal is what will shift us to being bullish commodities.? Goldman, which has warned that the oil market might not re-balance unless prices fall to $20 a barrel, forcing production cuts among shale operators, said this remains a possibility. Still, the $20 scenario remains an outlier rather than their most-likely case, and would only be realized if oil storage space runs out. As that?s unlikely, the bank said it?s sticking with its forecast of $40 a barrel for the first half. |
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moron101
Supreme |
15-Jan-2016 20:02
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Ah Lan, you have improved ur English a lot. Keep it up. Remember to monitor oil price tonight, it seems not too good..
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alan5793
Veteran |
15-Jan-2016 19:37
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Yup.. U r right. They can' t get loans from Bank anymore. Needs to raise at least 150 millions for 2016 lost.... Based on 53 millions for last Q when oil price average at $58/ bbl.   now oil price below $30/bbl, they are really in deep deep trouble. Right issues probably will be 1: 4 , 5 cts each each... Est. 3000 millions for Right Issues...   Hope All share holders could full n strong this scheme help the company to ride over this disaster...Thank you very much.  
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  Falling further imminent... WOnder how Lowwwwww it can go.. How to seek fundings with such rubbish share Px