Ezra    Last:0.011   -

Ezra

There may be some news coming up.  But I think now is the correction time.  Don?t u think this share has gone up too much and too fast.  This is happening to SPC now, price keep going down.  So don?t buy now, juz wait and see.

 

What is say is true but why that sudden dip of 0.28cents? Thats alot man. Anyone knows what happen?

 

Without a dip in the price of any share, the sky would be its limit.  So, pse don't buy it on the way down - be patient - pse wait for a rebound (may be 2/3 of the time taken for it to move up to its present price) coz' cash is king.  

 

Any idea why a drop of .22cts?  Is it the right time to pick up some lots now?  Any inputs appreciated.

 

Red1721 don't forget to put on your crash helmet (r u a hell-rider),  wear your seat belt or parachute when u dive in to buy. So brave - not afraid of Ezra crashing down on u?  When nobody wants to buy, the manipulators have to unload so that they may be able to buy back at lower prices when players S/L.     

 

price looks good to purchase it now due to the crash today, I moving in to buy some now, hope to make some kopi $$

 

DBSV has lifted its target price to $4.55 from $4.10 after the company posted robust earnings for the year ended last August.



Ezra said its net profit for the year had surged 128% to $61.74 mln, helped largely by robust growth in its offshore support services and exceptional gains from sales of vessels.



DBSV said that while Ezra's core earnings, excluding exceptionals, of 22.7 mln sgd were lower than its estimate $26.5 mln, the company's turnover was 10% higher than its estimate, probably because of its conservative assumptions on charter rates.



"Robust earnings growth [is expected] in the years to August 2007 and August 2008. The year to August 2007 should be a strong year, with 12 vessel deliveries," DBS Vickers said.

 

It has been heading north for some time.  If there's no correction, the sky would be the limit for shares that one can buy and supposedly sleep on forever. Look at SPC, it has corrected after a long run-up!!!  

 

Posted a very good 128% profit. Px peaked 4.08 twice in the morning b4 settle at 4.02. Hooray !!!

 

will buy back after correction thou...

 

cleared my holding of ezra at 3.9... hope that my decision is not wrong..

 

Whatever the broking houses say, please don't buy when it's uptrending with high volumes as it is often due to contra play.  Better to accumulate (not buy in one clean sweep on weakness. 

 

OCBC said it has upgraded its target price to $4.70 from $3.50 previously as it expects earnings in the next two financial years to August 2007 and 2008 to remain robust on the back rising vessel charter rates.



OCBC said Ezra has managed to secure new three-year charter rates for its AHTS vessels that were significantly above the rates secured in the last financial year to August 2005.



In addition to rising AHTS charter rates, the brokerage estimates that Ezra's maiden four-year charter deal for a FPSO vessel will contribute about US$28m a year to its earnings before interest and tax.



"In view of the upward trend in charter rates, we have increased our average day charter rate assumptions by about 10%. Our year to August 2007 and August 2008 net profit estimates are $77.4m and $93.2m, respectively," OCBC said.



For the year to August 2006, OCBC expects Ezra to post a net profit of $56.3m, compared with $36.15m in the previous year.

 

Thanks Cashiertan and Nostradamus for your input. Unfortunately,  I missed the boat again today and the price has gone even higher...  but looking at its earning potential, the upside is still there so will buy in tomorrow.

 

Typically converted fom old oil tankers, FPSO vessesl are used to extract and store crude oil and natural gas from oilfields that are small or located in deep waters.

 

dear colorado, now is the price hard to decide. even further gain is not going to give u high % of gain. thus my suggestion is your own take bah. potential upward movement is there due to FA, TA and consumer sentiments. This is one counter warren buffet would buy and hold for long long time.

 

Hi colorado,



With the broker upgrades, I'm confident it'll reach $4.00.

 

KE has raised its target price to $5.14 from $4.05 after the company won its first floating production storage and offloading charter contract. KE said this is Ezra's largest and most significant contract to date and marks its first entry into the FPSO market.



With this deal, Ezra becomes the first Singapore company to operate an FPSO, widening the range of services it provides to clients and propelling it onto a global stage, it said.



"To be sure, this is a very positive development for Ezra; we expect the contracts to lift earnings significantly in the medium term," the brokerage said in a note. "We expect yearly contributions to the tune of $25m from the year to August 2008," it added.

 

DBSV said it has raised its target price to $4.10 from $3.30 given the company's stronger earnings prospects after it won a new long-term charter deal and following its entry into the Indian offshore market.



"The FPSO contract can lift earnings strongly in the medium term," DBSV analyst Jesvindher Sandhu said in a note. She said the FPSO cost outlay is estimated at US$180-200m.



"Assuming that Ezra has a 100% stake in the FPSO, we conservatively estimate that the FPSO can contribute around US$14.2m per annum, on revenue of US$65.3m, for the first four years," she said.



It sees further upside to Ezra's year to August 2008 earnings numbers once the company finalizes its financing options for the FPSO.

 

JP Morgan has increased its price target to $4.25 from $3.00 and stood by its "overweight" call on the stock in view of the firm's robust growth strategy.



"Ezra has recorded recent high yielding wins of long-term charter contracts and set up appropriate financing structures to fund its growth," JP Morgan said in a client note. "We believe long-term charter contracts and the company's aggressive fleet expansion plans (fueled by sale and lease back arrangements) would lend firm support to our valuations," it added.



JP Morgan said Ezra will likely earn net profit of around 50 mln sgd annually during the four-year contract period for its latest FPSO order.