Ezion   

Ezion

$0.75 is the great wall of Ezion.

Don't know how many times they tried to breakout

 

Bow pian buy at 74cents......my FMs said do not buy now will miss the opportunity......

Just believe once......hope is true.......pray hard.....

 

Someone please sell down.......

I am still Q at 72.5cents.....

 

Heavy buy up by BBs.

I hold Ezion since last year. I monitored so many days never see this situation.

 

 

I am still Q at 72.5cents.....

Should I buy ..... any good news...

 

Look like GO sound like GO

 

wow.... now 75cents.....

please sell down for me to buy.........

Should i buy........so high liao......

 

I like fake Q, it  will help me to push down the price to 72.5cents.

Please q more........I have not vested. Wish can buy at 72.5cents

 

fake Q I saw few times on 0.725 / 0.730 and now  0.74.

 

ruanlai      ( Date: 13-Apr-2011 11:36) Posted: who wanna to sell at 74cents please q  sell now..... not enough for FM to eat up .....

 

who wanna to sell at 74cents please q  sell now.....

not enough for FM to eat up .....

 

DO NOT SHORT....

MY FM GOT BURN WHEN HE SHORTED AT 72CENTS

WATCH OUT

 

5 Apr UOB Kay Hian - Target Price increased to 90cents

6 Apr CIMB-GK - Target Price increased to $1.07

7 Apr DBS Vickers - Target Price increased to $1.09

No wonder the price drop so little...

 

If the correction is there the strong support of Ezion is 0.715 which is the previous resistance.

The next resistance is $0.78 

 

target price to S$1.07

 

Ezion is a limping bull tdy.

 

A positive deal for Ezion’s shareholders as returns are accretive for the 5-year bareboat charter contract for the jack-up. Its projected ROE is attractive, ranging from 55% to 75%. We reiterate our BUY recommendation and price target of SGD0.90, backed by DCF valuation and NAV.

 

Do not stop the bull when the bull is charging..... We welcome ppl to short........so as to help up the price to push up........cos you need to buy back at the higher price....... Short with care.......without shortlist also cannot..... Please do so....

limkt009      ( Date: 07-Apr-2011 12:24) Posted: Time to short this counter.

 

Alaska rig positive marine base projects delay Re-iterat e BUY raise TP to S$1.04. Following the analyst briefing yesterday, we cut our FY11F core net profit by 5% due to delay at the two marine supply bases but raise our FY12F earnings by 4% to reflect the US$110m contract in Alaska. We remain bullish on the stock: (1) Ezion has high earnings visibility due to longterm charters for its liftboat and vessels (2) strong earnings growth. We forecast two-year EPS CAGR of +22% over FY10-12F. We re-iterate BUY with a higher TP of S$1.04 based on 12x fully diluted EPS using blended FY11/12 net profit. US$3m earnings contribution from new JV. Kenai Offshore Ventures (KOV), a 50:50 JV between Ezion and Buccaneer, will own the rig together with Alaska Industrial Development and Export Authority (AIDEA). The three parties will buy an old rig and upgrade the rig to the required specs. Refurbishment of the rig is expected to be completed by Oct 2011 and ready to start its service contract in Dec 2011. Total investment cost is estimated at US$90m (~US$60m for rig and ~US$30m for upgrade and mobilisation). We expect the JV to contribute US$3m net profit to Ezion. Key risk for the project is cost overrun in the rig upgrade. Not all good news – delay in the development of the marine supply bases. We gathered that the development of the two marine supply bases in Exmouth and Melville Island in Australia could be delayed by three to six months due to new design input from potential clients. Potential clients are requesting Ezion to develop bigger infrastructure to cater for future projects and this will increase the upfront capex spending. On top of that, getting environmental approvals for bigger infrastructure could be a major hurdle. We now assume revenue contribution from the two marine supply bases from 1Q12 onwards. Valuation: TP raised from S$0.92 to S$1.04. We raise our TP as we move forward our valuation base from FY11 net profit to blended FY11/12 net profit. Share price valuation is undemanding at 7.2x FY11 fully diluted EPS (we assume 35% conversion from the preference shares in 2011).

 

Time to short this counter.

 

Hope 0.75 to break soon.