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321-340 of 1490
On Tuesday, Ezra announced the one-for-five rights priced at S$1.18 each.
Both RSI & MACD are turning flat as MACD lines began to converge.
Important Resistance of Ezra: $1.82
Immediate Support of Ezra: $1.74
Currently prices are well below the 20/50/100/200 days MA
Given that Ezra announced “Right issues” today, most likely it will create a knee jerk effect on the prices and create selling pressure.
However current prices are almost at “oversold region” thus we would not think it will be a big drop.
Many readers have asked about this stock today but it would not be wise to enter on the first day since we are unsure of its impact.
Instead we will monitor respective support/resistance as plotted on my chart to see if price can be supported at that level before entry.
SEE ANALYSIS FOR SUNTECREIT
Gentle reminder: Do not attempt to catch a falling knife as it is very dangerous.
hi rabbitfoot,
but every1 can sub right? you mean they may not be able to sub to 1lot and will receive odd lot?
rabbitfoot ( Date: 31-Aug-2010 21:56) Posted:
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What about Satrhub NAV ?
Hulumas ( Date: 31-Aug-2010 15:12) Posted:
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from past experience, it will knee-jerk drop as those who cannot subscribe will sell ...
Both...(It's the trend now)
commando ( Date: 31-Aug-2010 21:40) Posted:
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surge or drop tomorrow?
Join a line joining the lows of 8 Jul 2009 & 25 May 2010.
Very bearish if this line is broken.
Oil price direction getting weaker, may have implication on this one too.
Its market price is too high against its NAV. A correction in price is inevitably commencing!
bishan22 ( Date: 31-Aug-2010 15:02) Posted:
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Why plunge?? The market sendiment is 'lau ya'. 
Do not understand why the price will purge. In theory, the breakeven with rights is $1.67. It shouldn't drop below this price too much else major shareholders might as well sell away the rights
enleong ( Date: 31-Aug-2010 14:50) Posted:
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According to the annoucement "The Rights Issue is renounceable and Entitled Shareholders who do not wish to subscribe for the Rights Shares may sell their provisional entitlements (the “Rights”) during the “nil-paid” Rights trading period. In addition, Entitled Shareholders may apply for excess Rights Shares."
Anyone knows how to do this? Many thanks.
The institutional investors will have the answer for your Qs by tomorrow. My view is: Which cpy will like to do a RI if they have a better choice or way to raise $$?
Blastoff ( Date: 31-Aug-2010 13:20) Posted:
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Plunge to near Sgd. 1.0 ?
zhixuen ( Date: 31-Aug-2010 14:24) Posted:
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Short sellers are ready in the position. Tomorrow sure plunge.
tomor sure plunge wan.....cant wait! hee....SHORT until hapi! :P
how would this affect current price ?
pehtrick ( Date: 31-Aug-2010 13:34) Posted:
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It's gd... and I just bite some yesterday at 1.76 =p
Blastoff ( Date: 31-Aug-2010 13:20) Posted:
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Good or bad?
Farmer ( Date: 31-Aug-2010 12:51) Posted:
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Ezra Holdings Limited said on Tuesday that
it is undertaking a fully underwritten one-for-five renounceable rights
issue of new shares priced at S$1.18 each |