If erza can't make the payment to bank they will force sell the. Share. Jialat
I still remember my remiser recommending this stock when its at 0.78. Heng ah really never touch them.
AndyLoss ( Date: 02-Aug-2016 12:48) Posted:
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Thanks I got rid of it at 0.32 AndyCutLoss :) ...now 0.26
nngeeh ( Date: 30-Jul-2016 11:42) Posted:
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4c is ard 11%. Furthermore... O&G is still risky and could still furthet downside. If Ezra goes down... it will drag this counter down too.
There are some safer counters... like Reits example Ascendas HT trust that has 90M cash, government link, and giving more than 7% annual dividend. In 5 years, it will give 35%. Much safer... and giving more returns.
There are some safer counters... like Reits example Ascendas HT trust that has 90M cash, government link, and giving more than 7% annual dividend. In 5 years, it will give 35%. Much safer... and giving more returns.
sheerluck ( Date: 29-Jul-2016 23:42) Posted:
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That 5 years can be better used.  Get the money out, look out for decent coy that pays good div, put for 5 years.  You likely recover your capital and +4cts profit.
AndyLoss ( Date: 29-Jul-2016 23:18) Posted:
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wait for 5 years? what if Ezra goes bankrupt before? It will take this also to sink together as share are already pledged...
AndyLoss ( Date: 29-Jul-2016 23:18) Posted:
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cannot cut laaa.....too risky.... will wait for 5 years...hope it will reach 0.38 :)
moron101 ( Date: 29-Jul-2016 14:37) Posted:
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Laughing so much I hardly type this !!
Just exit and change your name to AndyCutLoss
AndyLoss ( Date: 28-Jul-2016 23:56) Posted:
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stuck in this at 38, how do i get out :)
 
moron101 ( Date: 28-Jul-2016 20:22) Posted:
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We are not in epic or subsea business.. we not affected also.
Triyards.
..
Buy.
..
TP 80cents.
..
..
The problem is clearly with EZRA.  But EZRA' s sidekick will kanna if EZRA cocks up.  Banks are taking necessary precautions on EZRA' s debts liao.  They chop some assets first in case they need to save their own asses.
Let see if something big unfolds in the next few months.
moron101 ( Date: 12-Jul-2016 12:21) Posted:
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This is poisonuos to Triyards. You advise banks to do that? Very heartless to those vested in ezra & triyards..
sheerluck ( Date: 12-Jul-2016 11:10) Posted:
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http://www.mcdowellpurcell.ie/news/share-charges-low/
By taking a mortgage over shares (often referred to as a share charge) as part of the overall security package for corporate debt, a lender has, in an enforcement scenario, the option to sell the assets of the company that are charged under the general security arrangements or, pursuant to the share charge, can sell the company itself if 100% of the entire share capital of the company is so charged.
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I think this means DBS and OCBC can sell Triyard shares if EZRA fails to meet its debts obligation if they choose to.  So how is EZRA debt situation in the short term?  I think SJers in EZRA thread know better.
 
AndyLoss ( Date: 12-Jul-2016 01:09) Posted:
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what does it mean and the impact on stock ? any gurus here
sheerluck ( Date: 11-Jul-2016 23:05) Posted:
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http://infopub.sgx.com/FileOpen/Triyards_Shares%20Charge.ashx?App=Announcement& FileID=412305
The Board of Directors (the &ldquo Board&rdquo ) of Triyards Holdings Limited (the " Company" ) wishes to announce, pursuant to Rule 728 of the SGX Listing Manual, that the Company has received a notification from Ezra Holdings Limited (&ldquo Ezra&rdquo ), a controlling shareholder of the Company, that share charge arrangements have been entered into in respect of certain of Ezra&rsquo s shareholding interest in the Company, details of which are as follows:
Share Charge Arrangement 1
(a) Name of controlling shareholder: Ezra Holdings Limited
(b) Class and number of shares charged : 98,828,118 ordinary shares
(c) Percentage of the Company&rsquo s issued share capital that is the subject of the charge : 30.455%
(d) Party in whose favour the charge is created: DBS Bank Ltd.
 
Share Charge Arrangement 2
(a) Name of controlling shareholder: Ezra Holdings Limited
(b) Class and number of shares charged : 98,828,117 ordinary shares
(c) Percentage of the Company&rsquo s issued share capital that is the subject of the charge : 30.455%
(d) Party in whose favour the charge is created: Oversea - Chinese Banking Corporation Limited
By Order of the Board
Yeo Keng Nien
Company Secretary
11 July 2016
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Is this saying that Ezra has pledged all its Triyard share holding for its corporate debts?
Apologies link not working,   a quote from someone on Linkedin on latest financial results....." Of more concern is that whilst bottom line appears " healthy in the circumstances" , taking that Revenue was up 28% and debt ratios more than doubled, suggests that the " more Triyards sells the more they lose" or reflects a poorly managed Company buying work placing liquidity pressure - indicators do not look good for the next 12 mnths  show" .
queryit ( Date: 10-Jul-2016 17:30) Posted:
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Interesting. www.linkedin.com/hp/update/6157754756694560768
queryit ( Date: 09-Jul-2016 17:06) Posted:
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