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EZRA HOLDINGS - RED HOT NEWS
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danger
Supreme |
05-May-2015 20:11
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US crude rises above $60 for first time since Dec 11 |
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danger
Supreme |
05-May-2015 20:09
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RED HOT HEADLINE !!!! US crude rises above $60 for first time since Dec 11 |
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granto
Master |
05-May-2015 20:08
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Ezra&rsquo s Lionel Lee steps into new subsea role: http://splash247.com/ezras-lionel-lee-steps-into-new-subsea-role/ |
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danger
Supreme |
05-May-2015 20:04
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HUAT !!!! CRUDE OIL SPIKE TO $60 BRENT CRUDE SURGING TO $68 |
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Lucky03
Elite |
05-May-2015 20:01
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WTI Crude US$59.89 now | ||||
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Shifu8888
Supreme |
05-May-2015 18:25
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It's not unexpected. It's a good news and we will just have to see how he performs moving forward. Vested now. | ||||
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Lucky03
Elite |
05-May-2015 18:10
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What do you think of the announcement just released ?
Mr Lionel Lee steps into new role, appointed Chairman of Ezra?s Subsea Services Division, EMAS AMC SINGAPORE 5 MAY 2015 For immediate release Ezra Holdings Limited (?Ezra? or the ?Group?), a leading contractor and provider of integrated offshore solutions to the oil and gas (?O&G?) industry, today announced that the Ezra Board has appointed Mr Lionel Lee as Chairman of Ezra?s Subsea Services division, EMAS AMC. In his role as EMAS AMC Chairman as well as being part of Ezra?s EXCO, Lionel will direct the development and execution of the Group?s subsea strategy, together with the EMAS AMC team. EMAS AMC accounts for almost 70% of Ezra?s revenue in FY2014. He had recently relinquished his directorships in Ezra?s listed subsidiaries TRIYARDS Holdings Limited (?TRIYARDS?) and EMAS Offshore Limited (?EMAS Offshore?), so as to focus on this newly created role. The move is also part of Ezra and its listed subsidiaries Boards? ongoing commitment to enhance corporate governance, as the various Boards restructure to consist of a majority of non-executive and independent directors. Both TRIYARDS and EMAS Offshore are established businesses and were publicly listed to chart their own growth strategies. The Boards of TRIYARDS and EMAS Offshore are chaired by Ezra?s group founder, Mr Lee Kian Soo. ?Lionel is best placed to fulfil this newly created role. With all our subsea assets in place, and EMAS AMC being our main revenue driver, it is imperative to devote focused attention on our subsea strategy,? said Mr Koh Poh Tiong, Chairman of the Ezra Board. |
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Lucky03
Elite |
05-May-2015 17:27
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The news below may have contributed to the spike in oil prices to US$59.35.
EU Raises Growth Outlook as ECB Counters Greek Threat By Ian Wishart - 5 May 2015 5:00:00 pm The European Commission raised its euro-area growth forecast as the impact of a weaker euro and unprecedented monetary stimulus help the economy overcome pressure on confidence from the continuing crisis in Greece. Gross domestic product in the 19-nation currency bloc is forecast to increase 1.5 percent this year, up from a prediction of 1.3 percent in February, according to the commission, the European Union executive in Brussels. It slashed its growth projections for Greece at a time when the cash-strapped country is struggling to persuade its euro-area partners to help pay its bills. ?The legacy of the crisis will continue to be felt for years to come,? Marco Buti, the head of the commission?s economics department, said in the report. ?Will the economy be able to generate a self-sustained and balanced expansion once these temporary tailwinds fade? The answer is not self-evident.? The European Central Bank?s quantitative-easing program ?is having a significant impact? on financial markets and the economy, the commission said. ?Fiscal policy is also accommodating growth.? Lower oil prices, the euro?s depreciation and steady global growth also are supporting the European economy, it said. Tuesday?s report shows that while the euro area is slowly recovering, France, the bloc?s second-largest economy, will not expand as quickly in 2016 as the EU forecast just three months ago. Italy, the third-largest euro-zone economy, will see its debt pile get larger this year as it records growth of 0.6 percent, according to the forecasts. Five Years The cut in the growth forecast for Greece -- where Europe?s debt bomb exploded more than five years ago -- may make it harder for Prime Minister Alexis Tsipras?s government to convince the EU and the International Monetary Fund that it should row back austerity while it struggles to record a primary budget surplus. Greece will grow by 0.5 percent in 2015, the commission projected. That compares with a 2.5 percent prediction in the EU?s most recent forecasts published in February. ?Positive momentum? in the Greek economy has ?been hurt by uncertainty since the announcement of snap elections in December,? the commission said. ?The current lack of clarity on the policy stance of the government vis-a-vis the country?s policy commitments in the context of the EU/IMF support arrangements worsens uncertainty further.? The Brussels-based commission forecast euro-area inflation to start creeping up again and avoid the deflation it predicted in February. Yet it will remain below the ECB?s goal of just under 2 percent throughout this year and next. Inflation will stand at 0.1 percent in 2015, before quickening to 1.5 percent in 2016, the commission said. Consumer Prices Euro-area consumer prices ended a four-month streak of declines in April, underpinning ECB President Mario Draghi?s claim that his program of quantitative easing is already having an impact. ?The expanded asset-purchase program adopted by the ECB has lowered interest rates while stabilizing inflation expectations, thus reducing the real interest rate,? Buti said. Unemployment in the euro bloc looks set to ?remain intolerably high for a long time,? according to Buti. It will gradually decrease from a projected 11 percent this year to 10.5 percent in 2016, the commission said. The commission downgraded its 2016 growth forecast for France, the second-largest economy in the euro area, after Germany. It forecast GDP to expand 1.7 percent in 2016, having predicted 1.8 percent in February. France will grow by 1.1 percent this year, it said, a slight improvement on the 1 percent forecast in February. ?Fragile Recovery? ?A lower pace of structural reforms could jeopardize the nascent improvement in household and business confidence and weaken the fragile recovery,? according to the report. Tuesday?s forecast signals that France?s deficit will narrow from 4 percent of GDP in 2014 to 3.8 percent this year and 3.5 percent in 2016. This represents a more optimistic forecast than it made in February. Earlier this year, the commission allowed France two extra years to meet the EU?s deficit target of 3 percent of GDP. Italy?s economy, burdened with the second-largest amount of debt in the region, after Greece, will grow by 0.6 percent this year, according to the commission. It predicts growth of 1.4 percent in 2016, compared with its February forecast of 0.6 percent and 1.3 percent, respectively. |
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Lucky03
Elite |
05-May-2015 16:54
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US$59.28
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Jimmykohkk
Master |
05-May-2015 16:54
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Brent crude oil steadied above $66 a barrel on Tuesday, just below its 2015 high, after protesters shut down the eastern Libyan oil port of Zueitina, hampering exports. Zueitina was one of the few Libyan ports still exporting oil as many others have closed due to fighting or disruptions at oilfields since the ousting of former dictator Muammar Gaddafi. Libyan oil output is now less than 500,000 barrels per day (bpd), officials say, a third of what Libya pumped before 2010. This type of reason for oil price hike will be temporary only.. later sure go down one..
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Lucky03
Elite |
05-May-2015 16:51
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US$59.21
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Lucky03
Elite |
05-May-2015 16:46
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Oil prices very volatile today. Currently just spiked up again at US59.02. | ||||
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journey
Member |
05-May-2015 16:26
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The BBs are intent on pressing down this counter, with all the relentless selling in queue. They are looking to scoop up very cheaply soon. |
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journey
Member |
05-May-2015 15:58
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short covering and also bargain buying |
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Lucky03
Elite |
05-May-2015 15:57
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Lai Liao ? | ||||
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jwong016
Senior |
04-May-2015 23:03
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i think ezion is still FCF neg, only turn positive end FY15, beg FY16...plus they have high debt themselves... acquiring an even more highly geared entity... biting off too much, more than it can chew?
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Lucky03
Elite |
04-May-2015 22:50
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And that can also take care of the challenge of servicing debt for Ezra.
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Shifu8888
Supreme |
04-May-2015 22:23
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If there is a merger it will likely be a share swap. No cash involved | ||||
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Lucky03
Elite |
04-May-2015 22:10
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It may be possible that Ezion may turn around and acquire Ezra instead ? I believe Ezion is cash positive and ready to acquire asset.
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jwong016
Senior |
04-May-2015 21:30
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if conditions persist, what i very likely happen in my humble opinion is rights issues to raise money to pay off their debts since their cost of debt is so high already and does not make logical sense for them to acquire more debt. imagine what happens if a cash call comes - they have to sell their assets (if they can even be sold) at dirt cheap prices... say byebye to NAV... because current NAV of 0.4ish will be the new NAV of 1. think POSH and PacRad make much better investments. lower DE ratio and better yields. oh, FCF positive too of course.
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