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geee...... i love to buy a wonderful company at a wonderful price ....
Too undervalued to ignore now
sgtrader101 ( Date: 31-Jan-2015 09:34) Posted:
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Danger, you are like the spokesperson for Ezra Holding in SJ.
Totally committed i must say...
IF YOU STUDY ALL THE PEERS OF EMAS OFFSHORE LISTED IN OSLO , YOU CAN SEE THAT EZRA/EMAS HAS THE HIGHEST NET INCOME OF 1.5 BILLION nok .. The rest are making profit of only 100 to 300+ millions ...... And a few others in the red .... despite all of them having similar market capitalization .
http://markets.ft.com/research/Markets/Tearsheets/Business-profile?s=EMAS:OSL
LOAD UP !!!
danger ( Date: 31-Jan-2015 06:17) Posted:
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EMAS offshore surged 4.03% in OSLO stock exchange last evening
Hahahaha...... one of the lamest posting i ever saw in this forum before .... pnuklis !
Gosh .....
Over geared group, over priced assets, poor management and the love for Angmos who are filled all over and loosing Noray and US bussisnesses makes the best recepie for growth. Look at the utilization of vessels and high turnover of people and the company is like a revolving door. Forgotten IPO at 1.30 and buy back at 50 cents decide your self
Lewek Constellation, the Group&rsquo s ice-classed, DP3 multi-lay construction vessel with heavy lift capabilities, is on track to turn fully operational by March 2015. Prior to her completion, she has secured a backlog of nearly US$0.5 billion, and is fully committed through to the middle of 2016. With the delivery of the Lewek Constellation, the Group has substantially completed its major capex in this growth cycle and is poised to move into a phase of free cash generation which will ultimately improve gearing and develop balance sheet strength.
She has completed the installation of her multi-lay system in the Netherlands and is currently undergoing commissioning works. The Group has also successfully closed the increased loan facility to finance the construction of the vessel up to its completion.
&ldquo We are excited to be part of this landmark project for the subsea industry, and to see the Lewek Constellation come online. The Lewek Constellation will be only one of two vessels in the world in her class, and we are proud to be associated with the project from start to finish,&rdquo said Mr Magnus Piene, Global Head of Offshore for DNB, the colead-arranger for the loan facility for the Lewek Constellation.
U.S. oil prices surged more than 8% Friday as traders jettisoned bearish bets against the market after data showed a steep drop in the number of rigs drilling for oil in the country&mdash a sign the wave of crude may be starting to ebb.
Despite the current headwinds faced by the oil and gas industry, our tendering activities remain healthy,said Lionel Lee, parent company Ezra&rsquo s Group CEO and Managing Director.
We sit in the value chain where it is more resilient. Since the beginning of 2015, the group has announced contract wins totalling more than US$355 million. I am delighted that we are consistently being recognised for our track record and engineering capabilities across the development and support of offshore oilfields by our clients.
The group has also successfully closed the increased loan facility to finance the construction of the vessel up to its completion.
We are excited to be part of this landmark project for the subsea industry, and to see the Lewek Constellation come online. The Lewek Constellation will be only one of two vessels in the world in her class, and we are proud to be associated with the project from start to finish, said Magnus Piene, Global Head of Offshore for DNB, the colead-arranger for the loan facility for the Lewek Constellation.
Ezra group has a backlog of approximately US$2.5 billion, with a majority of the contracts expected to be executed over the next 12-18 months.
Ezra Holdings Ltd, a Singapore-listed oilfield service company, said it had successfully closed an increased loan facility to finance the building of its new construction vessel up to its completion.
The vessel, Lewek Constellation, is on track to turn fully operational by March 2015 and has outstanding contracts worth nearly US$0.5 billion (S$ 677 million) , the company said in a statement on Friday.
Singapore-listed offshore services provider, Ezra Holdings (Ezra) has secured multiple contracts from various energy companies valued at more than $65M, including options.
The contracts were signed by Ezra' s subsea services division, EMAS AMC, and the scope of the work involves project management, engineering, transportation and installation works for a floating production storage offloading (FPSO) vessel in Africa, as well as various engineering and offshore construction support contracts.