| Latest Forum Topics / Ezra Last:0.011 -- |
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EZRA HOLDINGS - RED HOT NEWS
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Lucky03
Elite |
08-Jan-2016 19:28
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The Board of Directors (the ?Board?) of Ezra Holdings Limited (the "Company") wishes to announce that the Board considers it appropriate to issue a profit guidance with respect to the unaudited consolidated financial results of the Company for the first quarter ended 30 November 2015 (the ?1Q FY2016 Results?).
The Board is of the view that the 1Q FY2016 Results will show a net loss as compared to earnings recorded in the corresponding period of the previous financial year. The expected net loss is mainly attributable to the continuing depressed state of the oil and gas industry which has impacted activities in the global offshore marine and subsea industry. Details of the Company?s financial performance will be disclosed when the Company announces its 1Q FY2016 Results, which is scheduled to be released on 14 January 2016. In the meantime, shareholders and investors are advised to exercise caution when dealing in the shares of the Company. By Order of the Board Yeo Keng Nien Company Secretary 8 January 2016 |
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pnuklis
Master |
08-Jan-2016 13:29
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Banks have forced them to buy PRM distressed asset. No choice to Lionel that he is geared so high that he has become a puppet of banks. No one in their right mind will buy an asset when they are struggling for cash flow!!!! |
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Lucky03
Elite |
08-Jan-2016 12:47
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Market very uncertain. | ||||
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Lucky03
Elite |
07-Jan-2016 22:56
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China Suspends Stock Circuit Breaker Rule, CSRC Says on Weibo | ||||
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Lucky03
Elite |
07-Jan-2016 22:16
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Make sense. There is a high likelihood that Ezra is a buy out or delisting target at current price.
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buysellbuysell
Master |
07-Jan-2016 21:41
Yells: "someone please sell down low so that others can buy low" |
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moron101
Supreme |
07-Jan-2016 20:43
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Ezra holds about 70% of Triyards shares. Buy more to own Triyards - good & cheap .. | ||||
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Observers
Elite |
07-Jan-2016 17:51
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I only wonder what is the transportaion and extraction cost (excluding drilling and exploration) per barrel for their customers deep sea oil wells. Off shore producers blood letting will start if oil prices drop below extraction costs and they can' t even cover the running costs of the oil wells, not mentioning the massive debt incurred during the exploration and drilling phase. |
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nyde1d1th
Veteran |
07-Jan-2016 16:48
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oh man i thought it couldnt get worse for them... |
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alan5793
Veteran |
07-Jan-2016 16:46
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Now left 8.9 cents... is a matter of time.....to wind up We bankrupt first... then follow by them... Sad Sad Sad  
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Lucky03
Elite |
07-Jan-2016 09:28
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Somehow, Ezra has not really reported bad result though it is slowing down. Partly because of the OneTime gain it can create once in a while. The next Q1 result will be very useful to make the assessment of how bad they were affected. | ||||
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pnuklis
Master |
06-Jan-2016 16:57
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Penny stock already lah. Heading only one way that is south. Cash position is tightening a lot with low vessel utilization. Need to sell more assets to generate cash but there are no buyers. But most of their ships are already sale leaseback. Dried up all resources to borrow I suppose?????????????? |
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Lucky03
Elite |
06-Jan-2016 15:59
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Besides the usual concern with oil prices and cancellation of orders, the bigger concern with Ezra is their plan for compliance with the $0.20 MTP ruling. It has until Mar before it will be put on watch list. Given that it is not making losses for last few years, it has a good chance if it applies to be transferred to Catalyst board to buy time. Alternative to share consolidation which may mean more than 2 to 1, it has up to 3 years to stay on the watch list before being forced to be delisted. | ||||
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GuavaXF30
Elite |
06-Jan-2016 10:26
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Ezra being heavily punished today. Not surprising given all the bad news about oil. What is surprising is it' s very quiet in this forum. Nobody playing Ezra ? |
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Lucky03
Elite |
05-Jan-2016 08:38
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Given the great uncertainty in the market, hope the Q1 result to be released soon will not be adverse. | ||||
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Huat1368
Veteran |
04-Jan-2016 09:33
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Take a look at the recent contracts won by Triyards which has indirectly affected the share prices of Ezra Holdings...
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Qanghoo
Supreme |
04-Jan-2016 09:25
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Putin n SA are trying the same trick?  Can' t get the excess supply out of the way, pump more, create geo-poligical tensions to create a surge in oil px?  Possible? 
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Huat1368
Veteran |
04-Jan-2016 08:49
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CLH6 (Crude oil  NYMEX prices)  now at $39.16 up +2.59%...
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Lucky03
Elite |
02-Jan-2016 21:46
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Oil prices to stay low for two years: BP chief
AFP News 23 mins ago Struggling oil producers could suffer even more pain in 2016 with further plunges in already record-low prices, BP Chief Executive Bob Dudley warned Saturday. "A low point could be in the first quarter," Dudley told BBC radio. Oil prices fell by 34 percent in 2015, battered by prolonged global oversupply and a slowdown in energy-hungry China's economy. Dudley predicted that prices could stabilise towards the end of the year, but would remain low for the forseeable future. "Prices are going to stay lower for longer, we have said it and I think we are in this for a couple of years. For sure, there is a boom-and-bust cycle here," Dudley said. Prices have particularly slumped since December 4 when the Organization of the Petroleum Exporting Countries decided against limiting production as members fight to keep market share. Potentially adding to the supply worries was action by the US Congress last month to end the 40-year-old ban on exports of crude oil produced in the country. |
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Huat1368
Veteran |
02-Jan-2016 18:30
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Yes, agree...it is a difficult time for Ezra. The recent JV effort with Chiyoda and winning of recent contract from Middle East are to stay. Very much dependent on the investors to see it as a Jem or junk.
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