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15-Jan-2010 09:21

Ezra / Ezra

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SIGNS of POOR GOVERNANCE....

May be just TIPs of ICEBERG....

VIETNAM is NOT an easy place for Foreign Investment....

RECALL PIONEER KEPPEL BANK did NOT make good....

musicwhiz5 ( Date: 15-Jan-2010 01:14) Posted:

I was looking through its financials and numbers and noticed the same red flags; apparently these have not disappeared 2 months after I had divested the Company's shares!

Revenues were down 40+% but vague reasons were given for this - in fact it would be good if Management could give more insight as to why revenues fell. Was it due to less fabrication and construction contracts undertaken by their Saigon Shipyard? Also, how has the mix of deepwater subsea projects affected revenue recognition? Offshore Support Services is supposed to expand its vessel fleet so revenues should be boosted at least from this aspect.

A surprising thing though was the huge jump in gross margins for deepwater subsea from 14% to 40%! How could this happen in such a short time and why was this so? Perhaps Ezra's claim that specialized assets command premium rates holds some truth after all; and if they can keep this up then they should be able to increase overall gross margins over time.

Balance Sheet has obviously deteriorated with the issuance of the CB, as total debt has jumped significantly. Some of the cash is being used to buy "distressed assets", but then such assets will need to complement even more assets to enable them to be put to functional use. This would imply more future funding through perhaps more debt, equity or perhaps even another sale-and-leaseback. The Cash Flow Statement gives a clear picture of where the cash is going, and operational cash inflows only amounted to about US$1 million, whereas most of the cash came from Financing Activities. So it seems Ezra continues to be a net voracious consumer of cash for aggressive expansion, yet it somehow managed to pay out a tiny 1.5 cent/share final dividend for FY 2009. I've never failed to find this strange - if the Group is so cash-hungry as to issue CB, then why bother to pay a dividend at all? Might as well hoard the cash as it is so precious, than to continue to gear up.

Oh yes, and EOC has not improved on its Balance Sheet. Gearing remains incredibly high at 2.2x, down from an also high 2.3x. The Chim Sao Project means EOC may have to find ways to fund the capex, and their Balance Sheet looks to be strained for many more quarters to come.

Note that the IMC Contract announced today had a value of just US$12 million, small for Ezra, and the duration was not specifically mentioned (it just said "long-term"), so the yearly revenue recognition cannot be quantified. Assuming a very generous 40% gross margin, that means gross profit of US$4.8 million to be added to Ezra's Financials from FY 2010 onwards.

There is also no news of their Vung Tau Shipyard, though it probably remains a Greenfield Project at this stage. The lack of fabrication contracts implies Saigon Shipyard may be more busy building Ezra's own vessels such as Ice Maiden than doing work for external parties, but that is just a conjecture on my part.

Just my 2-cents on Ezra. I am NOT vested. Cheers. Smiley

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15-Jan-2010 08:05

CDL HTrust / Riding on MICE wave

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FAIR VALUE S$1.80....

It will rise when Genting SP RISES********

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15-Jan-2010 08:02

Genting Sing / GenSp starts to move up again

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TODAY ONLINE Friday: 15 January 2010 Genting S’pore $1.23 | Trading Buy CIMB keeps rating but raises the price target to $1.50 from $1.25, pegged at 20X EBITDA vs 18X previously, to reflect rising interest in Resorts World Sentosa. It says “Genting Singapore’s unique proposition, combining scarcity, novelty, first-mover advantage and potentially explosive earnings growth, should sustain short-term interest in the stock.”

risktaker ( Date: 15-Jan-2010 07:03) Posted:

There will be action next week :P if u dare to buy now.

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14-Jan-2010 22:52

Healthway Med / healthway, healthy?

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*S*U*R*E*L*Y*

MANAGEMENT knows its OWN *LOBANG*

BiG? small?

LONG? short?

TIGHT? loose?

GOOD? bad?

EXPENSIVE? cheap?

S$0.18? S$0.28? S$0.38?

S$0.48? S$0.68? S$0.78?

S$0.88? S$0.98? S$1.18?

francisd ( Date: 14-Jan-2010 17:20) Posted:

If the co. buys back the shares @.185, there is value in the shares @ this price, why not investors buy and grow along. Simple logic.

BUY BUY BUY,,,,,,

Cheers.

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14-Jan-2010 22:43

AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m

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*财*神*到*

*MORE CONTRACTS

ON THE WAY RIGHT UP

TO CHINESE NEW YEAR*

*$*$*$*$*$*$*$*$*财*神*到*

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14-Jan-2010 22:37

Genting Sing / GenSp starts to move up again

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What do the banks all rate the same price at S$1.50????????

How many banks are going INs and OUTs during the THREE distribution days????????

As though Brokerages are FREE, of course if they themselves own brokerages as well????????

Just look at the hourly transactions, Millions Sold Millions Bought!!!!!!!!

They canNOT be Retailers~~~~~~~~

There MUST be a FINALE at the OPENING CEREMONY or Chinese New Year********

S$1.50

is NOT an Ordinary Number

1 + 5 = 6

eXtremely POWERFUL*

swisssaints ( Date: 14-Jan-2010 18:31) Posted:

Many banks rated as BUY with TP of $1.50. First Casino in singapore, will definately profit as singaporeans majority like to gamble =)

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14-Jan-2010 22:26

Oceanus / RTO of Oceanus Bio-Tech

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will it drop back to 39cents????

street81 ( Date: 14-Jan-2010 17:26) Posted:

$0.50 next week also dunno can or not....

tankuku ( Date: 14-Jan-2010 09:19) Posted:

With the counter part moving higher in Taiwan at S$0.65, Oceanus confirm to cross $0.51 in s'pore market soon. Do accumulated below $0.5, sure to mark money b4 CNY== Big AngBao.

Vest and good luck.

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14-Jan-2010 22:23

Neptune Orient L Rg / NOL

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Only 105,217 shares at 0.004%....

so little....

no effect on the market....

dealer0168 ( Date: 14-Jan-2010 22:05) Posted:

Name of Announcer *	NEPTUNE ORIENT LINES LIMITED
Company Registration No.	196800632D
Announcement submitted on behalf of	NEPTUNE ORIENT LINES LIMITED
Announcement is submitted with respect to *	NEPTUNE ORIENT LINES LIMITED
Announcement is submitted by *	Ms Wong Kim Wah
Designation *	Company Secretary
Date & Time of Broadcast	14-Jan-2010 17:30:41
Announcement No.	00085

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

>> PART I

1. Date of notice to issuer * 13-01-2010

2. Name of Director * Ronald Dean Widdows

3.	Please tick one or more appropriate box(es): *
	Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest. [Please complete Part II and IV]

>> PART II

1. Date of change of Shareholding 04-01-2010

2. Name of Registered Holder Ronald Dean Widdows

3. Circumstance(s) giving rise to the interest or change in interest # Others

# Please specify details

Vesting of Performance Share awards granted in respect of FY 2006 (3rd & final tranche) and 2007 (2nd tranche), pursuant to NOL Performance Share Plan.

4. Information relating to shares held in the name of the Registered Holder

No. of Shares held before the change	648,480
As a percentage of issued share capital	0.025 %

No. of Shares which are subject of this notice	105,217
As a percentage of issued share capital	0.004 %

Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0

No. of Shares held after the change	753,697
As a percentage of issued share capital	0.029 %

>> PART III

1. Date of change of [Select Option]

2. The change in the percentage level From % To %

3. Circumstance(s) giving rise to the interest or change in interest [Select Option]

# Please specify details

A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:

>> PART IV

1.	Holdings of Director , including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	648,480	0
As a percentage of issued share capital	0.025 %	0 %
No. of shares held after the change	753,697	0
As a percentage of issued share capital	0.029 %	0 %

Footnotes

Based on NOL's issued shares of 2,581,892,590 (including Treasury Shares of 1,726,717) as at 13 January 2010.

Attachments

Total size = 0
(2048K size limit recommended)

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14-Jan-2010 22:14

Roxy-Pacific / ROXY

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Grand Mercury is low end....

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14-Jan-2010 15:46

Healthway Med / healthway, healthy?

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http://www.nextinsight.net/component/option,com_fireboard/Itemid,67/func,view/id,1690/catid,3/

Healthway medical is currently the 3rd largest healthcare listed by market capitalization.
Because of relatively new acquistions within the Group,and the inherent technical issues with it.It
is currently on Catalist.Logically,the main-board
listing is a consideration after 18 months post-listing,which is early 2010,and I'm saying as the matter of fact,and not as a respresentative of the group.

Healthway Medical's group has been exponential,if you track Y-O-Y performance.

All the above data,you can refer from public available information.

In short,14 cents at 12 x P/E is cheap because there is growth which has not factored in.Other
healthcare is at higher P/E,even they have already grown and reached a certain size.

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14-Jan-2010 15:36

HanKore Env / BIO-TREAT TECHNOLOGY LIMITED

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You can CALL their Director or Investor Relations Officer / Executive / Manager for the accurate answer....

Or Write to SGX....

Or Ask your Share Broker....

One effect of share reduction from S$0.40 to S$0.10 may mean you get one NEW share for every FOUR existing shares....

In that case, the Share Price will continue its current trend....

michgemini ( Date: 14-Jan-2010 15:24) Posted:

With the capital restructuring and share price from HKD0.40 to HKD0.10, does that mean the share value will decrease from 18 Jan? Can someone advise?

I'm stuck with this share and not sure to hold or sell at loss....

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14-Jan-2010 15:31

Healthway Med / healthway, healthy?

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Written by The NextInsight team

Thursday, 14 January 2010

HEALTHWAY: Share buyback date	No. of shares	Price	Cumulative shares bought back
13-01-2010	4,698,000	0.185	9,698,000
30-12-2009	5,000,000	0.125

HEALTHWAY MEDICAL, a stock which is hotly discussed on NextInsight's forum, announced last night that it had made its second share buyback in a fortnight.

It's news that will bring some cheer to shareholders who may read it as an optimistic signal from the company.

Healthway bought back 4.7 million shares from the open market at 18.5 cents apiece (see table).

That's sharply higher than its previous buyback price of 12.5 cents a share.

Healthway also announced that the book closure date for its rights issue would be 21 January.

Under the rights issue, shareholders will receive one rights share for every five ordinary shares they hold.

Each rights share can be converted into an ordinary share by paying $0.075 each.

Those entitled to be allotted the rights shares are shareholders whose securities accounts with the CDP are credited with Healthway shares as at 5.00 p.m. on the Books Closure Date, 21 January 2010.

Click here for the forum thread on Healthway Medical.

Sporeguy ( Date: 14-Jan-2010 13:54) Posted:

Sorry, the default in their website is north-east.Saw 5 clinics in the west and 9 in the central & south.

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14-Jan-2010 15:19

ChinaMilk / China Milk

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The milk was BAD withOUT integrity....

Jackpot2010 ( Date: 14-Jan-2010 15:14) Posted:

why bb suddenly stop pushing. roadblocks at 41c - long sell q.

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14-Jan-2010 15:14

YZJ Shipbldg SGD / Yangzijiang Triple Divergence

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lOOking at the TREND....

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14-Jan-2010 15:11

AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m

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The RETURN TIDE has just iNiTiATED its FiRST WAVE~~~~~~~~

DON'T miss the RETURN TIDE********

risktaker ( Date: 14-Jan-2010 14:18) Posted:

from what i see will crack 0.70 pretty soon :)

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14-Jan-2010 15:06

Swiber / Swiber

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It is possible....

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14-Jan-2010 15:04

Cacola / Cacola

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S$0.15 is quite fair....

unique6 ( Date: 09-Jan-2010 01:07) Posted:

Stocks movements last few days with HUGE volume compared to usual days!

Should return to fair valution of min $0.15

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14-Jan-2010 15:03

COSCO SHP SG / CoscoCorp

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YZJ is underGoing CORRECTION....

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14-Jan-2010 14:59

SaizenREIT / SaizenReit - might be rising from tomb soon

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Singapore e-Trading software is HOPELESS.

Malaysian e-Trading software SHOWs against each stock:

NAV & PE

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14-Jan-2010 14:57

Others / What's Next

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4 YEARS is CRAZY....

There may be ASIA SUB_prime in END 2010....

4 Months is already canNOT Stand....

4 weeks still can TAHAN a Bit....

4 days is WHAT we WANT NOW....

4 hours is EVEN BETTER....

4 minutes, OF COURSE, is EXCELLENT****

Hulumas ( Date: 14-Jan-2010 14:48) Posted:

Though you won't believe it, since you ask, I tell you frankly i.e. CHINA JISHAN, just buy and hold for four years from now!

out-of-the-box ( Date: 14-Jan-2010 10:17) Posted:

Care to share for any potential "black horse" stock ?

ristaker is good to give tips that is relevant, any further info from you, thanks

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