Back

Latest Forum Topics / Triyards    Last:0.084 --

Post Reply

Starhub Post Reply Rate topic
Vicks666 Member	12-Jun-2017 17:56        Vicks666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I had' nt heard that, but it would make sense - from what I hear all the senior management of Triyards do not expect to be part of a independent  listed business once Ezra is wound up. I think its likely that the company will be sold to one of the larger global yards - and from what I hear there are several interested parties already looking at the business. Lets hope that with the stock trading on 0.15x Book Value  any take over comes at a significant premium and that it can be concluded quickly !!
Useful To Me  Not Useful To Me
joebloggs Senior	09-Jun-2017 10:38        joebloggs About Contact  Quote this Post!
x 0   x 0  Alert Admin	Does anyone know if the Chairman, CEO and COO of Strategic Marine, left the company almost a month ago?   Strategic Marine is a subsidiary of Triyards and I just wondered if this was true and if it is, why they would all leave at the same time.   Anyone hear anything?
Useful To Me  Not Useful To Me
joebloggs Senior	09-Jun-2017 09:49        joebloggs About Contact  Quote this Post!
x 0   x 0  Alert Admin	Does anyone know if the Chairman, CEO and COO of Strategic Marine, left the company almost a month ago?   Strategic Marine is a subsidiary of Triyards and I just wondered if this was true and if it is, why they would all leave at the same time.   Anyone hear anything?
Useful To Me  Not Useful To Me
pnuklis Master	07-Apr-2017 12:23        pnuklis About Contact  Quote this Post!
x 0   x 0  Alert Admin	Screwed up results. Owners are not taking delivery and making stage payments and the big brother is asking them to work for free. They will pull down this company also if left to Lionel from the current experience. Hopefully banks realise this soon.
Useful To Me  Not Useful To Me
laksaman57 Supreme	07-Apr-2017 09:56        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	http://www.theedgemarkets.com.sg/article/triyards-sinks-losses-2q-after-recording-ezra-linked-allowance-doubtful-receivables
Useful To Me  Not Useful To Me
joebloggs Senior	28-Mar-2017 13:41        joebloggs About Contact  Quote this Post!
x 0   x 0  Alert Admin	EZRA CFO Eng Yew Chan resigned - no reason cited http://www.businesstimes.com.sg/companies-markets/ezras-cfo-resigns
Useful To Me  Not Useful To Me
ruready Supreme	24-Mar-2017 09:54        ruready About Contact  Quote this Post!   Yells: "Follow the micro penny , May be this is the last train"
x 0   x 0  Alert Admin	One word buy now
Useful To Me  Not Useful To Me
laksaman57 Supreme	24-Mar-2017 09:45        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	In Ezra case, also no financial instituitions sent demand letters. DYODD
Useful To Me  Not Useful To Me
joebloggs Senior	24-Mar-2017 08:53        joebloggs About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.fool.sg/2017/03/23/will-triyards-holdings-ltd-be-dragged-into-trouble-following-the-recent-bankruptcy-of-its-parent-ezra-holdings-limited/ " On Sunday, offshore support services provider  Ezra Holdings Limited  (SGX: 5DN)filed for bankruptcy along with a few other related entities. This move has caused panic amongst investors for some Singapore-listed companies that are linked to Ezra. One such company is  Triyards Holdings Ltd  (SGX: RC5), a vessel builder for the oil & gas industry and a subsidiary of Ezra&rsquo s. Following news of Ezra&rsquo s bankruptcy filing, Triyards halted the trading of its stock from Monday to Tuesday. But once the trading halt was lifted, the company&rsquo s shares promptly declined. At today&rsquo s close of S$0.220, Triyards&rsquo share price is 25% lower compared to last Friday. Thing is, there are good reasons for investors to be concerned. On Tuesday night, Triyards announced the following in relation to Ezra&rsquo s bankruptcy: 1) Triyards has US$1.4 million in receivables due from Ezra and the other aforementioned related entities that have also filed for bankruptcy. 2) Triyards and Ezra had both signed up for a banking facility. In the event that Ezra defaults on the facility, Triyards would be liable for a maximum of US$30 million. As of the announcement date, US$29.7 million of the facility has been utilised and none of the financial institutions involved with the banking facility have sought any action on the matter. 3) Ezra and Triyards are joint guarantors for US$8.5 million in borrowings from a financial institution. Following Ezra&rsquo s bankruptcy filing, &ldquo pursuant to certain terms of the facility agreement, the relevant financial institution may assert its right to demand repayment of the US$8.5M liability.&rdquo 4) Because of Ezra&rsquo s bankruptcy, certain financial institutions that have lent to Triyards may &ldquo seek to assert rights&rdquo to demand repayment of their loans or to terminate existing banking facilities. Triyards said that it &ldquo has/will engage and work closely with its financial institutions to ensure there is minimal or no disruption to its existing banking facilities.&rdquo 5) Triyards &ldquo does not have a going concern issue&rdquo and it is &ldquo not aware of any actions by [its] financial institutions&rdquo as a result of the Ezra bankruptcy. There&rsquo s more to Triyards&rsquo announcement (which can be found  here), but I&rsquo ve summarised the most salient points. And at the time of writing of this article (6:21 pm), there&rsquo s no news that any of Triyards&rsquo financial institutions have sought any actions on the company. It&rsquo s a good thing that Triyards&rsquo financial institutions are maintaining peace. According to the company&rsquo s latest financials as of 31 December 2016, it has just US$15.3 million in freely-available cash. There&rsquo s another US$13.2 million in pledged cash, but it&rsquo s not clear to me what the purpose of this money is for. In any case, if all the financial institutions referenced above were to seek action, Triyards would have to easily fork out a sum of  at least  US$38.2 million in short notice (US$29.7 million plus US$8.5 million). This is over twice the amount of freely-available cash that Triyards has. Triyards does have trade receivables of US$215.6 million (this does not include the US$1.4 million due from Ezra and the other related bankrupt entities) that it could theoretically convert into cash in a short amount of time. But, given the tough situation the entire oil and gas industry is in at the moment, early or even just timely collection of receivables could be a tall order. And, it does not help that Triyards has struggled with generating positive cash flow in recent quarters, as the table below shows: Quarter ended Operating cash flow (in US$, millions) 30 November 2014 10.5 28 February 2015 15.0 31 May 2015 33.1 31 August 2015 -0.3 30 November 2015 1.4 29 February 2016 -25.3 31 May 2016 -26.7 31 August 2016 20.5 30 November 2016 -23.3 Source: S& P Global Market Intelligence As Triyards mentioned in its announcement, there is no going concern issue with the company.  But,  if any of Triyards&rsquo financial institutions decide to stop providing support, the situation could turn very ugly, very quickly" . joebloggs      ( Date: 24-Mar-2017 08:51) Posted: https://www.fool.sg/2017/03/23/will-triyards-holdings-ltd-be-dragged-into-trouble-following-the-recent-bankruptcy-of-its-parent-ezra-holdings-limited/
Useful To Me  Not Useful To Me
joebloggs Senior	24-Mar-2017 08:51        joebloggs About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.fool.sg/2017/03/23/will-triyards-holdings-ltd-be-dragged-into-trouble-following-the-recent-bankruptcy-of-its-parent-ezra-holdings-limited/
Useful To Me  Not Useful To Me
pnuklis Master	23-Mar-2017 14:05        pnuklis About Contact  Quote this Post!
x 0   x 0  Alert Admin	We all should be careful about shipyards which are at the end of value chain. They risk cancellations and deferrments any if they come then they wipe out very thin margins quickly. Most of the lift boats ordered bt Ezion at Triyards are deferred and so are other offshore vessels. Non offshore related projects must be OK but they are very few. Even Keppel, Jurong are all facing the same thing and suffering with deferments and cancellations and Triyards will be no different.
Useful To Me  Not Useful To Me
Just4win Supreme	23-Mar-2017 13:45        Just4win About Contact  Quote this Post!
x 0   x 0  Alert Admin	Aiyo, why did u dig up my history post? No lomger vested.. luckily I had run out after taking some miserable profit.. else will hv suffered 50% loss   danger      ( Date: 23-Mar-2017 13:41) Posted: BIG STICK Just4win      ( Date: 08-Jun-2016 09:50) Posted: Me too... holding for a while and still below my buy price. Highly recommended by some broking firms , and my broker personally recommended this counter too Maybe investors hv not much confidence because this co is assocaiated with Ezra n EMAS ? But Ezra today chiong leh.. so hopefully this counter will follow suit..
Useful To Me  Not Useful To Me
danger Supreme	23-Mar-2017 13:41        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	BIG STICK Just4win      ( Date: 08-Jun-2016 09:50) Posted: Me too... holding for a while and still below my buy price. Highly recommended by some broking firms , and my broker personally recommended this counter too Maybe investors hv not much confidence because this co is assocaiated with Ezra n EMAS ? But Ezra today chiong leh.. so hopefully this counter will follow suit.. investor7      ( Date: 08-Jun-2016 09:45) Posted: agree, undervalued for so long. I waited and waited in this counter, it' s been very quiet here. hahaha  With oil moving up to $50 level and steadying, hopefully oil can scale up to $55, then $60. Then the outlook will brighten up for businesses such as Triyards. Still hv lot of contracts in its order book, and it has been diversifying from O& G to windpower, which is a good move. Bright prospects.
Useful To Me  Not Useful To Me
alishan Senior	23-Mar-2017 12:49        alishan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Then you scope all shares lor.   After that you privatize it.   ehclim      ( Date: 23-Mar-2017 11:40) Posted: Unlike Noble, how to sell where their shares trading volume is so low. laksaman57      ( Date: 23-Mar-2017 11:37) Posted: They better sell fast before a big decreefrom US court stop them
Useful To Me  Not Useful To Me
joebloggs Senior	23-Mar-2017 12:21        joebloggs About Contact  Quote this Post!
x 0   x 0  Alert Admin	How can they sell, when so many questions to answer over Strategic Marine acquisition? Purchaser need to do DD. ehclim      ( Date: 23-Mar-2017 11:54) Posted: You are right, once the banks sell their stake to potential investor then it will trigger a RTO. Probably you are aware P/B ratio is less than 30% which is deeply discount. Even they take over at 50% of their NAV which is still worth $0.40. That is about 100% profit if you buy at current price of 20.5 cents. DYODD. ysh2006      ( Date: 23-Mar-2017 11:45) Posted: Banks very kiasei one....62% everyday shrinking value,  bank will force sell to others lah....Ezra no money to pay ,bank shareholders will questions bank mgt during AGM mah...
Useful To Me  Not Useful To Me
ehclim Elite	23-Mar-2017 11:54        ehclim About Contact  Quote this Post!
x 0   x 0  Alert Admin	You are right, once the banks sell their stake to potential investor then it will trigger a RTO. Probably you are aware P/B ratio is less than 30% which is deeply discount. Even they take over at 50% of their NAV which is still worth $0.40. That is about 100% profit if you buy at current price of 20.5 cents. DYODD. ysh2006      ( Date: 23-Mar-2017 11:45) Posted: Banks very kiasei one....62% everyday shrinking value,  bank will force sell to others lah....Ezra no money to pay ,bank shareholders will questions bank mgt during AGM mah... ehclim      ( Date: 23-Mar-2017 11:35) Posted: About 61% (2 x 98.8m shares) of the Triyards shares are held by DBS and OCBC under collateral by Ezra. Triyards is a profitable company although their profit had declined in Q1FY17 and their current net order book stands at approx. USD352.5m. What do you think the 2 big banks will do going forward? DYODD.
Useful To Me  Not Useful To Me
ysh2006 Supreme	23-Mar-2017 11:45        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Banks very kiasei one....62% everyday shrinking value,  bank will force sell to others lah....Ezra no money to pay ,bank shareholders will questions bank mgt during AGM mah... ehclim      ( Date: 23-Mar-2017 11:35) Posted: About 61% (2 x 98.8m shares) of the Triyards shares are held by DBS and OCBC under collateral by Ezra. Triyards is a profitable company although their profit had declined in Q1FY17 and their current net order book stands at approx. USD352.5m. What do you think the 2 big banks will do going forward? DYODD.   dead44      ( Date: 23-Mar-2017 10:50) Posted: Work wiht ocbc && dbs to get hhigher px for tri ...
Useful To Me  Not Useful To Me
pnuklis Master	23-Mar-2017 11:43        pnuklis About Contact  Quote this Post!
x 0   x 0  Alert Admin	Big drop from 31 to 20 and that is more than 30%. Does nopt deserve that. Must distance itself from troubled group!
Useful To Me  Not Useful To Me
ehclim Elite	23-Mar-2017 11:40        ehclim About Contact  Quote this Post!
x 0   x 0  Alert Admin	Unlike Noble, how to sell where their shares trading volume is so low. laksaman57      ( Date: 23-Mar-2017 11:37) Posted: They better sell fast before a big decreefrom US court stop them ehclim      ( Date: 23-Mar-2017 11:35) Posted: About 61% (2 x 98.8m shares) of the Triyards shares are held by DBS and OCBC under collateral by Ezra. Triyards is a profitable company although their profit had declined in Q1FY17 and their current net order book stands at approx. USD352.5m. What do you think the 2 big banks will do going forward? DYODD.
Useful To Me  Not Useful To Me
laksaman57 Supreme	23-Mar-2017 11:37        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	They better sell fast before a big decreefrom US court stop them ehclim      ( Date: 23-Mar-2017 11:35) Posted: About 61% (2 x 98.8m shares) of the Triyards shares are held by DBS and OCBC under collateral by Ezra. Triyards is a profitable company although their profit had declined in Q1FY17 and their current net order book stands at approx. USD352.5m. What do you think the 2 big banks will do going forward? DYODD.   dead44      ( Date: 23-Mar-2017 10:50) Posted: Work wiht ocbc && dbs to get hhigher px for tri ...
Useful To Me  Not Useful To Me

                                                         First   < Newer   5581-5600 of 5653   Older>   Last