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Today volume very little. Past days when its moving it has high volume.
Those went in at 1.355 .... big gap down :(
OCBC downgrade to Sell with $0.99 TP. House note that the share price of Ezra Holdings has seen an astounding increase of about 40% in the past week. Though Ezra has clarified earlier that it was not aware nor has it been engaged on a takeover by Samsung Heavy Industries, there could possibly be other offers by potential acquirers along the way. Still, there has been no change to the company?s fundamentals since its disappointing 3QFY13 results. Looking ahead, believe that execution risks are still not over for Ezra, despite an order book of more than US$2b, as this is susceptible to project delays and cost overruns. Without any official offer or significant contract wins, the recent price gain appears overdone. Based on fundamentals, house retaining fair value estimates.
it might go down today and might hit lower than 1.1.... just my point of view....
sold, expecting down, holding, expecting up...
Will it fell to around 70 cents because of the report ?
Hope not.................. BUT if it does - wil average down.................
ronleech ( Date: 17-Sep-2013 22:38) Posted:
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cos ocbc give it 70 cts
Why it fell so much ? :(
Think tmr will hit your target
neonpurple32 ( Date: 17-Sep-2013 11:30) Posted:
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gravestone formed... this counter will go below 1.1 soon...
Yeah that is true. As long as they have not denied any rumors about Samsung Heavy Industries buying them to curb the speculation, this
counter will be moving upward more than downward. Today it is taking a breather I suppose will be back riding up very soon. My 2 cents.
Cheers.
eurekaw ( Date: 17-Sep-2013 14:41) Posted:
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There are also many pennies stocks shoot up for no reason.
ronleech ( Date: 17-Sep-2013 07:37) Posted:
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within lower spectrum of 30% from day low.... dangerous call for long....
looking at the range 1.17 - 1.18 to closing day.
Expect this to drop further due to FED tapering announcement this week
Haha share was pushed up for issuance if notes, happen to many counters also
happyharvest ( Date: 16-Sep-2013 18:34) Posted:
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yesterday was a good to short before closing
eurekaw ( Date: 16-Sep-2013 17:03) Posted:
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if anytime today reach the morning bottom of 1.195 it will be a fast and fury hot sales....
...doji star formation in the making ...?... last: $1.250...
Deutsche maintains Sell with $0.70 TP. House note that share price rose 48% last week probably on market speculation of a rekindling of takeover talks. In August 2013, TradeWinds magazine reported that Samsung Heavy Industries had considered making a takeover bid for Ezra. Last week, Ezra issued a statement indicating that it remains focused on its strategy to grow its subsea business and regularly explores and reviews business opportunities, but the house clearly denied that Samsung Heavy is making a takeover bid. Recent discussion with management confirms that it is not aware of, nor has it been engaged in any takeover talks as reported. Management also indicated that it is unaware of any information that has resulted in the recent unusual trading activity. Overall, believe execution risks are not over for Ezra and house expect a challenging six to nine months as the group continues to build on EMAS AMC.
bull overpower bear
becareful bro...this counter is like wildhorse...wont know which direction he will be heading anytime......I believe it will test a new high today.....