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You might be right but you never know. Looking at the amount of debts they incur, seems like their operations are highly risky. If something were to happen, their cash flow will not be enough to pay back the debts, or even to recover
srichipan ( Date: 31-May-2013 12:06) Posted:
| Ezion my favorite when it's was at 1.xx range. Stop monitoring once it crosses 2. Anyone know its intrinsic value? Seems to me a good opportunity to buy on dip. Ezra sold largely coz they need money. Nth to do with the fundamentals of ezion |
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Ms Gorgeous, when she will heal? Another "jia ba buay boa"?
GorgeousOng ( Date: 31-May-2013 10:19) Posted:
| I will let it "emotionally"settle down first, before jump into it! Hahaaa!! Break off ...heart still feeling the pain, let her heals first ba! Dyodd! |
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Ezion my favorite when it's was at 1.xx range. Stop monitoring once it crosses 2. Anyone know its intrinsic value? Seems to me a good opportunity to buy on dip. Ezra sold largely coz they need money. Nth to do with the fundamentals of ezion
Big boys exit.. should follow smart money too..
gd luck dyodd
Ezra to realise gain of US$65.7m after cutting Ezion stake
Ezra will realise a net gain of about US$65.7 million from the divestment - PHOTO : EZRA HOLDINGS
Ezra Holdings on Friday said that it would sell all the remaining 4.17 per cent stake in Ezion Holdings Limited, representing 40 million shares, for S$90 million.
Ezra would place the shares at S$2.25 each, which is a 4.9 per cent discount to Ezion’s volume weighted average price of S$2.37 on Thursday.
It will realise a net gain of about US$65.7 million from the divestment.
“The divestment is part of Ezra’s ongoing capital management efforts to enhance shareholder value through the realization of our investments,” Ezra said.
I will let it "emotionally"settle down first, before jump into it! Hahaaa!! Break off ...heart still feeling the pain, let her heals first ba! Dyodd!
another opportunity to jump in...
Ezra will divest its holding of 40m shares in Ezion (4.2% of shares out) for $90m, via a placement today fully underwritten by DBS. Transaction price is $2.25 per sale share, a 5.1% discount to Ezion’s last closing price at $2.37. The divestment is part of Ezra’s ongoing capital mgt efforts, and in line with the co’s initiative to rationalize its non-core assets and continue its focus on execution in its core business. Ezra will realize an est net gain of approx US$65.7m (c.8.4 cts per Ezra share). Sale proceeds will be used for working capital, to reduce debt and fund growth and operations of its core business divisions.
Under my watch list, this counter drop the most...hmmm
Is too higher for me I will not re enter tomorrow. I will wait for next round. Tomorrow has a lot of counters to play lei! 😋 dyodd !
Have a good rest n cheong arh tomorrow !
novice_trader ( Date: 15-May-2013 21:19) Posted:
Good chance to reenter tomorrow bro GorgeousOng? I sold all on Tuesday...
GorgeousOng ( Date: 15-May-2013 21:07) Posted:
One of my darling:
"Ezion receives LOI with $100mil contract to provide service rig"
Cheers to those who vested!!!! |
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Good chance to reenter tomorrow bro GorgeousOng? I sold all on Tuesday...
GorgeousOng ( Date: 15-May-2013 21:07) Posted:
One of my darling:
"Ezion receives LOI with $100mil contract to provide service rig"
Cheers to those who vested!!!! |
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One of my darling:
"Ezion receives LOI with $100mil contract to provide service rig"
Cheers to those who vested!!!!
Kia su...took profit...sold all!
Didn't surge up that much today with such good results announcement... I'm vested.
Ezion Holdings' net profit for the first-quarter ended March 31, 2013 more than tripled to US$46.2 million, from US$14 million in the previous year.
Its income was boostedby a net gain of US$17.77 million derived from the sale of a joint venture in Australia.
Revenue surged 79.3 per cent year-on-year to US$54.8 million, driven by chartering contribution from deploying additional units of service rigs. It was also boosted by a higher contribution from its offshore logistic support vessels services from the Queensland Curtis Liquefied Natural Gas project and the start of the Australia Pacific LNG (APLNG) project.
The offshore support service firm for the oil and gas sector expects to perform better in FY13.
Latest possible news which could impact on the counter was 2 wks back, where recall Woodside announced today that it had dumped plans for the controversial $45b project at James Price Point. Grp’s CEO note that decision to dump the plan for James Price Point was tough, saying the project was subject to cost pressures. Grp would not be drawn on the cost estimate of the James Price Point development but said Woodside had tried everything to significantly reduce the budget, including reducing the size of the proposed LNG trains, in an effort to enhance the economics. In the end the costs had not come down sufficiently for the Browse project to be viable.This leaves the future of what was going to be one of Australia's biggest-ever resources projects in limbo. We note that the canning of the massive LNG project in WA will have significant flow-on impact of support industry players. Affected co’s could well include Ausgroup, Civimec and possibly Ezion Seperately also note that SG O& M play's share price have been pretty muted in recent wks, e.g STX OSV, Swiber, Ezra, in-line with a CS report citing that recent weak Oil prices could weigh upon O& M activities in the region.
Gd luck.
Trading Halt to be lifted at 11am....
The Board of Directors of Ezion Holdings Limited (the “Company” or “Group”) is pleased to
announce that further to the announcement dated 6th November 2012 with regards to the joint
venture (“JV”) with Kim Seng Holdings Pte Ltd through its subsidiary, Scott & English Limited,
the JV has further secured a contract with an approximate value of up to USD 148.6 million to
provide a Service Rig over a 7 year period to support the oil & gas activities of a national oil
major in Central America.
The Service Rig which will be deployed in the Bay of Campeche is expected to be working in
the 3rd Quarter of 2013.
The JV will acquire and own the abovementioned Service Rig to meet the requirements of the
contract.
The above mentioned acquisition will be funded through internal resources as well as bank
borrowings.
The abovementioned charter is not expected to have a material impact on the Group’s earnings
per share or net tangible assets per share for the financial year ending 31st December 2013.
Wow! Another record close for Ezion today @ S$2.17on heavy volume. Sellers were well absorbed. Superb performance no doubt.
Superb performance!
Enjoy...
