Ezra    Last:0.011   -

Ezra

shorted heavy at 64c using cfd...expect to be another sino-env soon to hit below 40c! hehehe...shortists rule the mkt forever from now :-)

EastonBay      ( Date: 17-Oct-2008 11:22) Posted: another ex market darling hitting the dirt... anyone has any insight? Ezra   0.610 -0.070 -10.3 1,337 14 0.610 0.615 29 0.725 0.600

 

another ex market darling hitting the dirt... anyone has any insight?

Ezra

0.610

-0.070

-10.3

1,337

14

0.610

0.615

29

0.725

0.600

 

Any hope for this counter to stop sliding down ?

 

Hi , can share about the article ? Thanks

 

Thanks Sharejunky,

I have that April 2008 issue of Pulses and I have read the interview some time back too.

Regards.....

 

Musicwhz5, the April 2008 issue of "Pulses" has an interview article "BraveHeart Lionel" with its CEO. (Try our local national libraries or SGX's for a copy) 

Hope you find the article gives you some insight about the man running this company.

 

 

 

 

I know it's probably a bit too much to ask, but can someone just please, please talk about the company's business and its strategies and prospects instead of just the share price all the time ?

Share price is the LEAST important aspect of a company - everything else matters so much more ! Its stakeholders, management, customers, suppliers, employees, strategies and plans. The numbers which tell the story about a company and can give insights into its financial strength. Why doesn't someone comment on this ? This is what's important in investing, share prices are only important for speculators. If you are an investor, you own part of a business and that's the way it should be. If you own a business, you would want to know how the business is doing and u are then using a business analyst's perspective to value it, rather than just concentrating on the market price.

This single-minded focus on the share price - it is excessive and unnecessary and consumes too much of people's time when they should really just be looking at buying great businesses at margin of safety.

Cheers....

 

Dunno.. any experts advise ? I bought at $2.9 ... boring...

 

any comments.. what is a good entry point for this stock?

 

Citigroup cuts target price for Ezra to $2.95 from $3.44, notes weaker fiscal 3Q08 results. Gross margins down to 28.7% from 35.0% in 2Q08, while delay in delivery of new vessel led to higher costs incurred from use of third-party vessels. Citi says offshore support vessel owners like Ezra have little choice but bear costs of delivery delays, possible budget overruns due to tight yard capacity, severe equipment shortage across industry. But keeps Buy call, as business model provides stable earnings.

 

Brokers take differing views of Ezra's 3Q08 results.

Goldman Sachs says results boosted by one-offs; says core net profit only US$41 m. Adds, "Ezra's earnings disappointed with core net profit only 69% of our full-year forecast, we expect some negative reaction by the market on the back of the poor results." Broker cuts target price to $3.00 from $3.26, but maintains Buy rating as company may continue to benefit from rising demand for its services.

But JP Morgan says results slightly ahead of hopes; "Ezra posted strong 3Q08 results, about 9% ahead of our expectations." Reiterates Overweight rating with unchanged $4.00 target price. OCBC Investment Research also gives results thumbs up; says results strong, show good earnings visibility; reiterates Buy rating but cuts target price to $3.30 from $4.03 to reflect "reduced investor appetite."

 

mayb its bcos some substantial s'holders have pulled out...

 

Hmm.. why CO price rise like mad , yet counter like this and KS energy still drop...

 

Ezra associate EOC Ltd. has secured a US$400 million contract to lease out its floating production storage and offloading vessel to a Southeast Asian oil company.

In a filing to the Singapore Exchange late Tue, Ezra, which owns a 48.9% stake in EOC, said that the three-year charter contract is the largest in value terms.

"This three-year contract with an extension option for two years is expected to add positively to our bottom-line from financial year 2009," Ezra''s Managing Director, Lionel Lee, said in the statement.

 

Ezra Holdings said on Wed it was raising $500 million in a medium-term note programme to fund activities including future acquisitions. The note will be issued in different currencies including the Singapore dollar, in various amounts and tenors, and bearing fixed, floating or various interest rates, Ezra said. Hybrid notes and zero coupon notes may also be issued. United Overseas Bank is the arranger of the deal and dealer of the programme, Ezra said. Barclays is also a dealer of the programme.

 

Insider Trades on 19/Jun/08

Temasek Holdings had sold 33,060,920 no.of shares, price n.a, stake after the transaction is 1.36% from 7.01%.

 

Opened up postively.  Looks like support at 2.80 is quite storng despite DOW's poor performance last night.  Should trend towards 3.00 and above soon.

 

Reached support level of 2.80.  Should rebound back to 3.00.  Just my opinion. 
 

 

Resistance at 3.12, 3.20.  May correct down to 3.00 followed by 2.80 because of profit taking.  Just my opinion.

 

3.14!!!! yeah baby!..