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If verified that the earnings are correct, will trigger price rise ?
post earning also need to halt ar.. then if post loses will they halt?
| Ezra Holdings posts net profit of $63m for 9MFY09 |
| WRITTEN BY THE EDGE SINGAPORE |
| WEDNESDAY, 08 JULY 2009 17:25 |
Ezra Holdings, marine services provider in the offshore oil & gas sector, has posted net attributable profit (PATMI) of US$43 million ($62.8 million) for the nine months ended May 31 2009 (9M FY09), thanks to sturdy contributions from all three divisions.
This is a 33% increase from US$32.4 million in 9M FY08, after excluding the US$136.3 million net gain from the partial divestment of the group’s construction and production arm EOC in the previous year. Group turnover also rose 58% y-o-y to US$236 million, as all three divisions performed well, says Ezra.
The offshore support services (OSS) and marine divisions both enjoyed a strong pickup in revenue, while the energy services division contributed US$46.1 million to overall turnover. In addition, both the OSS and marine businesses were able to achieve margin gains.
The OSS division, which made up 60% of group turnover for 9M FY09, saw improved sales, owing to the full nine-month contribution from two anchor handling tugs and three anchor handling, towing and supply (AHTS) vessels, as well as the seven-month contribution from its AHTS vessel, the Lewek Plover.
Meanwhile, the marine division benefited from increased procurement, equipment supply and engineering activities in Vietnam.
In May, Ezra raised $92.4 million via the placement of 78 million new ordinary shares at $1.185 apiece. |
from sgx website, their announcement :::
Pending release of announcements on the unaudited results for the
financial third quarter ended 31 May 2009 of EOC Limited and Ezra
Holdings Limited.
wat happ? this burger trading HALT ?? Rights issue har? ayo.....
Friday at US, oil price drop. Emm Monday, this baby maybe affected.
just hang on a minute on this counter. it seem it been running out of steam lately. becareful.
Raising Oil Prices still cannot push this counter up ?
yeah man! this counter going up... :)
any news or opinions on this counter?
today intra day high of 1.39. I sold mine at 1.38 and lock in my profits.
I think the upside is limited at this price. i would go in again at 1.30 or lower.
i think a base could be forming on$1:30 base on last few trading days pattern. i am lookingfora breakthrough on comingmonday.
I am saying don't care what all the analysts say.
niuyear ( Date: 25-May-2009 14:19) Posted:
| On 21 may , DBS vickers , after account for the equity issue, had a buy call of 1.30 and has adjusted upward the fair value from 1.45 to 1.53. |
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On 21 may , DBS vickers , after account for the equity issue, had a buy call of 1.30 and has adjusted upward the fair value from 1.45 to 1.53.
As I was saying analyst recommendation is all rubbish and today is proof of that
Humans move share price not analyst
Give her special price lah. 1.10 i buy from her.
Livermore ( Date: 24-May-2009 20:19) Posted:
Analyst recommendations are all rubbish
dealer0168 ( Date: 24-May-2009 20:09) Posted:
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Emm but refer to below article from an analsyt for it fair value:
Ezra Holdings: S$92.4m placement
Summary: Ezra Holdings (Ezra) reported this morning that it had placed out 78m new shares at S$1.185/share (9.8% discount from yesterday’s VWAP price), raising about S$92.4m in gross proceeds. The 78m new shares represent 13.4% of its existing share capital. Ezra has indicated that the proceeds will primarily be used for paying down debt, funding capex requirements. Use for M&A was also mentioned but ranked lower in priority at this time. Ezra’s share price has done exceedingly well in the market run up. We will be reviewing our BUY rating and fair value of S$1.00. (Kelly Chia) |
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Analyst recommendations are all rubbish
dealer0168 ( Date: 24-May-2009 20:09) Posted:
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Emm but refer to below article from an analsyt for it fair value:
Ezra Holdings: S$92.4m placement
Summary: Ezra Holdings (Ezra) reported this morning that it had placed out 78m new shares at S$1.185/share (9.8% discount from yesterday’s VWAP price), raising about S$92.4m in gross proceeds. The 78m new shares represent 13.4% of its existing share capital. Ezra has indicated that the proceeds will primarily be used for paying down debt, funding capex requirements. Use for M&A was also mentioned but ranked lower in priority at this time. Ezra’s share price has done exceedingly well in the market run up. We will be reviewing our BUY rating and fair value of S$1.00. (Kelly Chia)
aleoleo ( Date: 22-May-2009 07:12) Posted:
it sshould not go below $1 lah .... u see noble, same thing mah .... shoot up after that le ... those who buy the placement share are the regional
fund manager loh, u think the millions of share they bought they will let it down ? they buy the placement share because they know it is worth to
buy, later they sure will push up the px one, if not they loose big money one oh |
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This baby already hit its fair value. Emm not sure if it still safe to vest in. Wait will be the best choice. Recession, have to becareful loh.
Emm but refer to below article from an analsyt for it fair value:
Ezra Holdings: S$92.4m placement
Summary: Ezra Holdings (Ezra) reported this morning that it had placed out 78m new shares at S$1.185/share (9.8% discount from yesterday’s VWAP price), raising about S$92.4m in gross proceeds. The 78m new shares represent 13.4% of its existing share capital. Ezra has indicated that the proceeds will primarily be used for paying down debt, funding capex requirements. Use for M&A was also mentioned but ranked lower in priority at this time. Ezra’s share price has done exceedingly well in the market run up. We will be reviewing our BUY rating and fair value of S$1.00. (Kelly Chia)
aleoleo ( Date: 22-May-2009 07:12) Posted:
it sshould not go below $1 lah .... u see noble, same thing mah .... shoot up after that le ... those who buy the placement share are the regional
fund manager loh, u think the millions of share they bought they will let it down ? they buy the placement share because they know it is worth to
buy, later they sure will push up the px one, if not they loose big money one oh |
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