Latest Forum Topics / Ezra Last:0.011 -- | Post Reply |
Ezra
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Pinnacle
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17-Oct-2007 22:35
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Oil resumes climb LONDON (Reuters) - Oil resumed its upward march, matching an all-time high of $88.20 hit the previous day, as investors fretted over possible military action in northern Iraq and a potential supply crunch this winter. The surge, also driven by an inflow of investor money, has taken prices near their $90.46 inflation-adjusted peak of 1980. U.S. officials fear damage to an economy already coping with fall-out from the subprime loan crisis. U.S. crude entered a seventh day of gains, rising 38 cents to $87.99 by 1403 GMT. London Brent crude climbed 24 cents to $83.79. "The steep gains are the result of a prolonged period of tightening oil market balances and with fundamentals set to stay very supportive moving into the winter season, the possibility of further upside remains open," said a Barclays Capital report. The Turkish parliament is expected on Wednesday to grant its troops permission to launch an attack inside Iraqi territory, despite international pressure not to. The tensions are seen as dimming hopes for a recovery in Iraqi oil exports via Turkey, which have been sporadic since 2003, but traders say the greater fear is the risk of unsettling the Middle East region, which pumps a third of the world's oil. The impact of the geopolitical risk was magnified by concerns that OPEC's 500,000 barrels per day (bpd) output rise may be too little too late to maintain healthy supplies through the winter, with refiners revving up to meet peak demand. Saudi Arabia, OPEC's top producer, is set to boost output close to 9 million bpd in November under the group's agreement. The U.S. Energy Information Administration (EIA) said on Tuesday the market needed additional OPEC oil. The Organization of the Petroleum Exporting Countries blames speculators for driving up prices. "Oil prices are likely to remain high in the absence of a further change in OPEC quota policies or a major global slowdown," the International Monetary Fund said on Wednesday in its World Economic Outlook. U.S. crude stocks are expected to rise another 900,000 barrels in weekly data due for release later on Wednesday, while distillate inventories -- which include heating fuel -- should ease by 400,000 barrels, a Reuters poll found. <EIA/S> |
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musicwhiz5
Senior |
17-Oct-2007 17:57
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I can safely assure everyone that we are NOT related. I specialise in 80's and 90's music and know most of the English-language artistes during that era. | ||||||
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Pinnacle
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17-Oct-2007 17:49
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1 question not related to stock. Is musicwhiz5 anyway related to stockwhizz76? The nicks are very similar. The "whiz".. Hee.. |
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musicwhiz5
Senior |
17-Oct-2007 17:48
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Dear 01101749, Kindly explain what you mean by your statement. Thanks. |
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01101749
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17-Oct-2007 17:42
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musicwhiz5
Senior |
17-Oct-2007 17:16
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Nothing to get too excited about. The brokerages can write whatever they want, they are paid to do so anyway...... I will evaluate the merits of Ezra based on my own objective and independent assessment of the company and its financials. For me, investing is nothing exciting; it's basically just poring over numbers, facts and using your own thinking to analyze. Remember that as shareholders, we are buying part of the business and delegate our monies to the Management who we entrust to build the business for us. If the business prospers, so do the shareholders. It's as simple as that. |
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01101749
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17-Oct-2007 16:07
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stockwhizz76
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17-Oct-2007 15:51
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sounds good. | ||||||
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Pinnacle
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17-Oct-2007 15:41
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Just my 2 cents worth. Tomorrow will be a better day to sell because market very likely to recover, based on DJ future index. I believe $7.40 is likely to happen soon, so why not hang on for a while. SMA had just broke away and MACD is showing more uptrend momemtum. But don't quote me though. |
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yokoosi
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17-Oct-2007 15:26
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might as well sell now and get the difference, better than the 7.1 cents. | ||||||
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stockwhizz76
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17-Oct-2007 14:59
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not sure if I should sell off my 10 lots now (bought at 6.4) or wait. | ||||||
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Pinnacle
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17-Oct-2007 14:52
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True. But I don't think SPC can give high dividend yield as well based on current price. But 7.1c is really pathetic though. |
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stockwhizz76
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17-Oct-2007 14:45
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dividend of 7.1 cents a bit low though | ||||||
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01101749
Member |
17-Oct-2007 14:36
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Pinnacle
Master |
17-Oct-2007 14:00
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hmm... this is subjective. They based on FA to give projection and their calls. Its more for LT of at least 1/2 year. But macro movement of the price is market dependent and sentiment. |
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nickyng
Supreme |
17-Oct-2007 13:42
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still dont learn ur lesson? BUY calls mean for u to SELL and take COVER !! come back another day! :P | ||||||
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Pinnacle
Master |
17-Oct-2007 13:31
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Everybody giving BUY calls. Time to wake up and move up!! Will be good if can close above $7.20 today!!! Add oil! |
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Pinnacle
Master |
17-Oct-2007 13:20
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DBS Vickers Ezra Holding- Venturing deeper Buy S$7.00 ; Price Target : 12-month S$ 8.00 (Prev S$ 7.30) Story: Ezras FY07 results was slightly below our estimates due to delayed deliveries on four vessels, the weakening US$ and higher admin expenses. Excluding EI, net profit rose 43% to S$34.7m. Ezra is proposing to pay out a final dividend of 7.1Scts. Point: Ezra has a strong growth profile going forward, underpinned by eight vessel deliveries in FY08 and a further three in FY09 and rising rates especially for vessels with deep water capabilities. Together with its results announcement, Ezra also announced that Vietnam-based Saigon Shipyard has won contracts worth US$130.2m for delivery in 2010 where US$103.1m is for a fabrication and assembly project with the balance for offshore transportation, installation and commissioning work in SEA oilfields. Relevance: We expect net earnings to rise 74% in FY08 and 76% in FY09. Ezra will also recognize an exceptional gain of around S$200m arising from the disposal of 39% in EOC following its listing on the Oslo Bors. Saigon Shipyard is expected to be fully operational by 2009, which should pave the way for more fabrication, installation and commissioning projects. Maintain Buy with a raised TP of S$8.00. |
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01101749
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17-Oct-2007 12:20
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EZRA poised to break 7 and headed 7.5 soon. 1000 M deal done at 7. earning consistant, got CD and stock up up away! expected EZRA to break 7 likely tomorrow. |
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Pinnacle
Master |
17-Oct-2007 11:13
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Stomping back strongly. Add Oil! Jia You! |
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