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thanks for pointing out the new NAV, as it was misleading when someone said 0.98.
Zindarion ( Date: 04-Jan-2017 10:16) Posted:
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It is good to see huge buy Q to support the price. But no movement or action mean nothing also just to stop the bleeding temporary.
Anyway I do not think Lionel will allow the price to go further down due to his bank loan. If you are the bank, would you put X amount on Emas capital before allowing such deal?
I suspect there is a minimum market capital for Emas else bank will do the nasty work. Bank never a friend when you are in deep shit.
Anyway I do not think Lionel will allow the price to go further down due to his bank loan. If you are the bank, would you put X amount on Emas capital before allowing such deal?
I suspect there is a minimum market capital for Emas else bank will do the nasty work. Bank never a friend when you are in deep shit.
lglg666 ( Date: 04-Jan-2017 10:14) Posted:
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The management has done for 2016.
Go see their revised Q4 result.
NAV -74 cent.
Emas has solid asset but in return huge debt ratio too.
I think the management is working on this now to clear off all the bad sentiment.
Impairment done
Jobs secure done
Perisai issue done
Massive losses lock in 2016
Next Quarter result due in few days for review.
Go see their revised Q4 result.
NAV -74 cent.
Emas has solid asset but in return huge debt ratio too.
I think the management is working on this now to clear off all the bad sentiment.
Impairment done
Jobs secure done
Perisai issue done
Massive losses lock in 2016
Next Quarter result due in few days for review.
alexchew ( Date: 04-Jan-2017 10:09) Posted:
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Could be some BB or institution are taking advantage of the different in share price between Oslo and here?
lglg666 ( Date: 04-Jan-2017 09:51) Posted:
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My personal opinion is unlikely emas will be able to pull through this, without massive re-capitalization. Huge impairments should be taken to reflect the actual situation first and get the books in order. For investors/shareholders to put more money, the management have to be transparent.
NAV of $0.98... How to believe this.
This morning the buy Q is with 1500 lots and must be by BB.....so far 170 lots done. Looking better by the day esp the volume done.
lglg666 ( Date: 03-Jan-2017 16:57) Posted:
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Hopefully
lglg666 ( Date: 03-Jan-2017 16:57) Posted:
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Hope to see it recovers from here....there is some buying volume today.
USD 97 millions chartering contract inclusive of options.
Secured Debt Re-financing Support from Norwegian Bank
SJR Marine dispute with Perisai consider close case, USD 20 millions cash + balance (20 plus millions for 15 years, crazy)
Sold PV Keez to Petrofirst, cash loaded (not sure how much)
Impairement Done (hopefully that is all)
Hopefully no more bad news and management able to work to improve quarterly report in 2017.
Fresh Start 10 Jan 2017, i think EMAS will recovered. Cross my finger and pray
Any guru can share further view?
Trading at 0.73 NOK which is around 0.122 SGD.
NAV 0.98 SGD, Total Asset 1.79 Billions, Total Liabilities 1.36 Billions, Cash 15.8 Millions (All in SGD)
Market Float: 21.99% (Clearstrem Banking 18.83%)
Lionel Lee: 76.19%
From Latest Top 20 Shareholders: holding 97.93%
Oslo Primary Listing with good liquidity (Top Volume 13 millions shares). SGX lagging so much behind (Volume 300,000 shares best day recently)
Emas expecting to cont business...
guards80 ( Date: 28-Dec-2016 21:29) Posted:
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Financial calendar for EMAS Offshore Limited
FINANCIAL YEAR 2017
10.01.2017 - Quarterly Report - Q1
07.04.2017 - Half-yearly Report
07.07.2017 - Quarterly Report - Q3
20.10.2017 - Quarterly Report - Q4
Zindarion ( Date: 23-Dec-2016 15:41) Posted:
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Now already 1 leg in the graveyard liao lo
Mati which way only
Mati which way only
Like that....sooner or later, sure mati lor!
Zindarion ( Date: 23-Dec-2016 09:25) Posted:
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Management busy on all the bad news and big pile of debt on Ezra.
Even the jv also have cash issue.
Even the jv also have cash issue.
Still same.....low volume with depressed share price as compared to those traded at Solo stocks exchange. Management better wake up and do something!!
Seem to have settled their financial needs with the banks supposedly for the next 5 years, but meanwhile the management should wake up and work hard for their pay. No free ride at the expense of the shareholders.....since the IPO they are running the company to the ground in term of share price. Now time to step up or step out and let others to do a better job!!
Zindarion ( Date: 20-Dec-2016 09:06) Posted:
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So far I see Emas has sorted out financial / Cash issue. They able to survive through hopefully and improve their earning.
Let see what Lionel plan next.
Let see what Lionel plan next.
I believe EMAS will eventually catch up with Oslo price and close up the differences.
The price in SGX follow Oslo since IPO, can't be not accordingly when on the way up. Just have to wait Lionel to perform the operation of demand & supply.
Cross finger and pray ba.
The price in SGX follow Oslo since IPO, can't be not accordingly when on the way up. Just have to wait Lionel to perform the operation of demand & supply.
Cross finger and pray ba.
lglg666 ( Date: 20-Dec-2016 08:57) Posted:
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Managed to close at 0.81 nok with 2+ mil shares traded.....equal about 14cents here. The top management must be sleeping on the job just to collect their salaries at the end of the month. Only lately can see some trading here but the share price is so depressed compared to Oslo.
Zindarion ( Date: 16-Dec-2016 22:25) Posted:
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Need to find out
peterz ( Date: 16-Dec-2016 22:37) Posted:
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