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colorado Member	10-Oct-2006 15:52        colorado About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi CashierTan, I have been monitoring this counter for the past 3 months but did not buy in and now regret as it has gone up so much.  Would it be wise to go in at this price? Thanks for your contributions!
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cashiertan Elite	10-Oct-2006 01:18        cashiertan About Contact  Quote this Post!
x 0   x 0  Alert Admin	wonder any bro got join me in this counter since april or may?
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cashiertan Elite	10-Oct-2006 00:29        cashiertan About Contact  Quote this Post!
x 0   x 0  Alert Admin	with this listing, i will move my target from 3.50/4.00 to 4.00/4.50! keep it up ezra!
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Nostradamus Supreme	09-Oct-2006 18:49        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	It said it may spin off its unit supplying FPSO vessels into a separate listed company to help fund its growth. MD Lionel Lee told reporters that oil tanker M.T. Kitty Knutsen would be converted into the FPSO at a yard in Dubai, at a cost of up to $200m and that the company plans to win another FPSO charter in the next 12 to 18 months. Ezra's current fleet consists of mostly anchor-handling tugs and a few crane and pipeline-laying barges. Lee said the company was looking at various options to fund the new business without burdening the balance sheet with debt, including a separate listing in Singapore or on another exchange. "A separate listing in the local bourse or otherwise is one of the options under review. Other options include sale and leaseback of the FPSO or an off-balance sheet project financing," he said. "Ezra will select the option which provides the group with the greatest flexibility from the perspective of the shareholders," he added.   Lee said the company might go for a listing outside Singapore in line with plans to expand business into oil-rich regions like the North Sea, East Africa and the Gulf of Mexico. "We already have vessels in the North Sea. So the coverage (of the company) there would be better," Lee told Reuters on the sidelines of a briefing. He declined to say whether the listing of its subsidiary would be in Europe or the United States. Ezra did not name the oil company that would use the FPSO but said the vessel would be deployed in Southeast Asian waters. The charter would start in late 2007 -- falling in the first half of Ezra's financial year, which ends on Aug. 31, 2008. "This contract is a significant milestone for Ezra as we will be the contract operator of the field," Lee said. He said the FPSO contract would also involve the possible hire of Ezra's offshore support vessels for the development of the oilfields where the FPSO would be deployed. Services for construction and pre-fabrication work on new and existing structures and platforms at the oilfields would complement Ezra's yard fabrication facilities, he said. The foray into the FPSO market would put Ezra into competition with big players like the Netherland's SBM Offshore NV, Norway's Bergesen Worldwide Offshore and Prosafe ASA, and Japan's MODEC Inc.
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Nostradamus Supreme	09-Oct-2006 18:44        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	It said it will look to secure a second FPSO chartered contract in the next 12 months, after winning its first FPSO long-term charter contract. "What we are looking to do is to grow our FPSO division. We plan to do about two projects in the 18 month period," Ezra managing director Lionel Lee said at a briefing. The group has identified a few vessels or tankers that can potentially be converted into FPSOs and is currently bidding for them. "We are still doing our legwork...there are a lot of tenders currently... and it will still be in Southeast Asia," Lee said. Ezra's maiden FPSO will commence operations in Southeast Asia in the first half of Ezra's financial year to August 2008 for a base period of up to four years, with an extension option of up to three years. This is part of Ezra's strategy of moving into higher value, higher yielding vessels, the group said. For this contract, it will be converting a 24-year-old tanker into an FPSO for a cost of about US$180-200m. "We've placed a deposit on the tanker. Right now, we are finalizing the contract on the (acquisition) of the tanker," Lee said. To finance the cost of converting the tanker, Ezra is looking at a number of options such as listing in a stock exchange, sale and leaseback, or project financing on a non-recourse basis. The group is also confident of securing spillover charter contracts for other vessels such as accommodation crane barges and pipelaying vessels. Given the prospects of an oversupply of tankers in 2008 and 2009, Ezra said there will be increasing opportunities for conversion into FPSOs going forward. "We believe that increasingly, the supply of available tankers (for conversion) should increase," said Chan Eng Yew, assistant general manager of Ezra's offshore unit Emas. However, Ezra will stay cautious in bidding for new projects, he said. "The group is enjoying no less than 27% ROE. We will not go into any projects that will be ROE dilutive," Chan added. Separately, Ezra said it has secured a US$15m three year contract to lease an AHTS vessel to an Indian customer. This is its first AHTS contract in India.
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Nostradamus Supreme	09-Oct-2006 16:54        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	Ezra Holdings Ltd said it won a contract worth a maximum US$397.25m for the long-term charter of a floating production storage and offloading (FPSO) facility for operation in Southeast Asia, confirming an earlier report by XFN-Asia. The charter is expected to commence in the first half of the year to August 2008 and will be for a period of up to four years. This base charter period is worth a maximum of US$265.65m and, including an extension option of up to three years, the charter would be worth as much as US$397.25. "The requirement for an FPSO is in conjunction with the development of greenfields and brownfields by the oil major concerned," Ezra Holdings said in a statement, without revealing the identity of the oil company. "We are optimistic that the charter of the FPSO and the possible hire of the other support vessels, as well as those from our offshore construction & production division, will give a strong lift to our earnings in the medium term. We also see good growth potential in India and hope to secure more contracts there," Ezra managing director Lionel Lee said. The group's offshore construction division is also looking at providing services in the construction and prefabrication work on new and existing structures and platforms, as well as transporting and assembling the infrastructure. In addition, Ezra said its offshore chartering division has secured a contract from an Indian conglomerate for the charter of an anchor handling towing and supply (AHTS) vessel for operation in India, marking its first foray into the Indian offshore support services market.
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Nostradamus Supreme	06-Oct-2006 10:32        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	It will announce that it has won a contract for the supply of a floating production storage and offloading (FPSO) vessel to an oil major, a source close to the deal told Reuters. Starting sometime late in 2007 Ezra will charter the FPSO for a term of four years, extendable by another two years, for a total of around US$300m, said the source. He declined to reveal the name of the oil company for which the FPSO would work. "The tanker and the yard where it will be converted into an FPSO have been identified," the source said. It would be the first FPSO to join Ezra's fleet of mostly anchor-handling tugs and crane and pipeline-laying barges. The foray into the FPSO market would put Ezra into competition with international players like the Netherland's SBM Offshore NV, Norway's Bergesen Worldwide Offshore and Prosafe ASA and Japan's MODEC Inc.
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Nostradamus Supreme	03-Oct-2006 23:38        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	This is a good counter where you can average up.
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cashiertan Elite	03-Oct-2006 23:03        cashiertan About Contact  Quote this Post!
x 0   x 0  Alert Admin	vested on this counter only regret never add lots. lolz my target as predicted earlier still stand at $3.5 - 4.0 now that all time high is broken last week, the sky is the limit for this counter.
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Nostradamus Supreme	03-Oct-2006 17:28        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	KE says it expects the company to benefit from rising charter rates for anchor handling, tug and supply (AHTS) vessels. Citing data from Clarkson, KE said that charter rates for AHTS vessels of more than 12,000 brake horsepower (bhp) in the North Sea surged to a record high of 77,909 stg in August. Kim Eng expects Ezra's net profit to have risen to $52.9m in the year to last August from $36.1m in the year to August 2005, and to rise to $75.3m in the year to next August and $103.2m in the year to August 2008. "Over the past three years, Ezra has expanded its operational capabilities by broadening and adding greater depth to its offshore oil and gas services support capabilities," KE said. "It has also increased its range of offshore support services by going into deeper-water AHTS [vessels], oil rigs, tenders, a training and fabrication support base in Vietnam, and possibly into production vessels in the future," it said.
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Nostradamus Supreme	03-Oct-2006 10:47        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	KE are excited about Ezra's prospects as it is in the process of transforming itself into the region's leading integrated oil & gas services provider. Valuation looks attractive given PEs of 11x and 8x for FY07-08 respectively. KE's target price of $4.05 is based on 15x 2007 PE, which is in turn derived from a 0.5x PEG. KE expect the stock to outperform over the next 12 months, driven by positive earnings and newsflows.
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Nostradamus Supreme	29-Sep-2006 16:56        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	Ezra Holdings Ltd rose to a 52-week high on expectations that the company will report robust results for its financial year ended August, dealers said. DBSV expects Ezra to post a net profit of $53.6m and OCBC expects it to post a net profit of $56.6m. For the year to August 2005, Ezra posted a net profit of $36.15m. "We expect Ezra's growth momentum to be robust over the next three years, underpinned by vessel fleet expansion and enhancement over the next 15 months that is fully backed by demand and higher charter rates," DBSV said in a recent note. Ezra has been benefitting from strong demand for offshore support vessels in the oil and gas industry.
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cashiertan Elite	12-Sep-2006 13:18        cashiertan About Contact  Quote this Post!
x 0   x 0  Alert Admin	suffering stalemate between the bear and the bull. may need to hold for longer time than expected due to sept and oct seasonal correction for sti
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Nostradamus Supreme	11-Sep-2006 18:26        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	It nudged higher with Citigroup hopeful the company, which has a fleet of vessels with an average age of 2 years or less, can lift earnings strongly against the backdrop of an aging anchor handling, tug and supply vessel fleet globally. To meet the demands of a tight industry, the firm is increasing vessel capacity in the next 18 months to 228,350 per brake horsepower from 96,150 bhp, Citigroup said in a research note.
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cashiertan Elite	25-Aug-2006 01:35        cashiertan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Consider to load some more if it climb abv 2.77/8. May  resume its climb to $3.10 and beyond next week. the bull look well resulted after battling the bear and shake off some weak leechers.
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Nostradamus Supreme	17-Aug-2006 19:58        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	It has won a new charter contract in Australia. The vessels will operate in or around Australia, and reinforce its position in this fast growing oil & gas market. This new contract could be worth up to US$37m, assuming the extension options are not exercised. It may have obtained day chartered rates that have more than doubled since its IPO in Jul 03, with continued support from deepwater oil & gas exploration and production activities. As this contract win will be implemented in Nov 06, the contribution to it will commence in 2Q07. There's also a consistent effort to build on its US$5.5m investment in the Logistic and Training Base in Vietnam (LTB), which is to serve as a one-stop re-supply centre and fabrication hub for it in Asia Pacific. It has announced in early Aug that it's spending US$8.85m to build a 2nd accomodation work & crane barge, with expected delivery by Feb 07. This enhances LTB's ability to do offshore construction for both greenfield projects and aging structures and platforms. OCBC has a price target of $3.50.
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cashiertan Elite	17-Aug-2006 10:01        cashiertan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Stop Lost = S/L
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jessie Senior	17-Aug-2006 08:44        jessie About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Cashiertan, can you please explain what do you mean by "set S/L at $2.70 please. Thank you.
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cashiertan Elite	17-Aug-2006 02:30        cashiertan About Contact  Quote this Post!
x 1   x 0  Alert Admin	2.80 target is hit within 2 days after i posted. May experience 1-2 days of stuns or slight dip before going up again. saw that 100+ lots Q at $2.80. Momentum is here. should be able to push pass it. set S/L at $2.70
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cashiertan Elite	16-Aug-2006 13:22        cashiertan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Anyone who enter with me should be laughing their way to bank now. However, the climax havent reach yet. we still got some way to go. keep this thread noted and updated for selling signal.
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