Triyards
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Mid to long term - should be good.
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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 ... |
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I guess mkt don't believe those letter of demand will come, just like they believe of Ezra at its early stage
Agree, people can see it is essentially the same management as EZRA, once trust has gone very difficult.
Just4win ( Date: 23-Mar-2017 11:07) Posted:
Such assurance does not sound to hv any impact to the market. Price keeps falling.
Ppl lost trust in the Lee bros
ehclim ( Date: 23-Mar-2017 10:42) Posted:
Triyards says no going concern worries, to review potential impact of Ezra bankruptcy filing.
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Essentially same management as EZRA and look how that ended. Deck of cards. DYODD
sheerluck ( Date: 23-Mar-2017 11:26) Posted:
Triyard is considered very good compared to Vallianz. Vallianz lose half its value when trading halt lifted. Triyards only lose about 20%.
laksaman57 ( Date: 23-Mar-2017 11:11) Posted:
| Ezra sudden filing took creditors by surprise. Guess will take time to talk to and get letters of demand drafted. If you are creditor, will you not do the same ? |
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Triyard is considered very good compared to Vallianz. Vallianz lose half its value when trading halt lifted. Triyards only lose about 20%.
laksaman57 ( Date: 23-Mar-2017 11:11) Posted:
| Ezra sudden filing took creditors by surprise. Guess will take time to talk to and get letters of demand drafted. If you are creditor, will you not do the same ? |
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"Triyards stresses that at this stage, it is currently not aware of any actions taken by the financial institutions the group is involved with, as a result of Ezra?s filing for bankruptcy."
Letters of demand to Ezra also didn't come very fast thus gave mkt the impression that they are manageable.
TIME TO SCOOP UP AT ALL TME LOW
Ezra sudden filing took creditors by surprise. Guess will take time to talk to and get letters of demand drafted. If you are creditor, will you not do the same ?
Such assurance does not sound to hv any impact to the market. Price keeps falling.
Ppl lost trust in the Lee bros
ehclim ( Date: 23-Mar-2017 10:42) Posted:
Triyards says no going concern worries, to review potential impact of Ezra bankruptcy filing.
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Work wiht ocbc && dbs to get hhigher px for tri ...
Triyards says no going concern worries, to review potential impact of Ezra bankruptcy filing.
Wow Nav so high to privatise ......will they based on this or lelong sale price! shipyard business no good leh...!
ehclim ( Date: 22-Mar-2017 23:07) Posted:
Probably you are not aware, 61% of Triyards shares are owned by Ezra. Ezra has collatralised their shares to the banks. How can Ezra affords to subscribe the rights if Triyards proposes rights issue? My take is that the banks may dispose the Triyards shares to private investor and Triyards will be privatised which is good for small retail investors because the instrinic value is about $0.80. Btw, free float is about 32% which is very small.
alishan ( Date: 22-Mar-2017 16:09) Posted:
What happen if creditors demand immediate payment? When will they do that? Do they have enough cash to pay or not? If not, is Triyards going to raise cash through right issue or new borrowing? 
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If you have disposable cash, why not?
alishan ( Date: 22-Mar-2017 23:18) Posted:
Then you just scope all the shares lor. 
ehclim ( Date: 22-Mar-2017 23:07) Posted:
Probably you are not aware, 61% of Triyards shares are owned by Ezra. Ezra has collatralised their shares to the banks. How can Ezra affords to subscribe the rights if Triyards proposes rights issue? My take is that the banks may dispose the Triyards shares to private investor and Triyards will be privatised which is good for small retail investors because the instrinic value is about $0.80. Btw, free float is about 32% which is very small.
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Then you just scope all the shares lor.
ehclim ( Date: 22-Mar-2017 23:07) Posted:
Probably you are not aware, 61% of Triyards shares are owned by Ezra. Ezra has collatralised their shares to the banks. How can Ezra affords to subscribe the rights if Triyards proposes rights issue? My take is that the banks may dispose the Triyards shares to private investor and Triyards will be privatised which is good for small retail investors because the instrinic value is about $0.80. Btw, free float is about 32% which is very small.
alishan ( Date: 22-Mar-2017 16:09) Posted:
What happen if creditors demand immediate payment? When will they do that? Do they have enough cash to pay or not? If not, is Triyards going to raise cash through right issue or new borrowing?
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Probably you are not aware, 61% of Triyards shares are owned by Ezra. Ezra has collatralised their shares to the banks. How can Ezra affords to subscribe the rights if Triyards proposes rights issue? My take is that the banks may dispose the Triyards shares to private investor and Triyards will be privatised which is good for small retail investors because the instrinic value is about $0.80. Btw, free float is about 32% which is very small.
alishan ( Date: 22-Mar-2017 16:09) Posted:
What happen if creditors demand immediate payment? When will they do that? Do they have enough cash to pay or not? If not, is Triyards going to raise cash through right issue or new borrowing?
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I asked questions to get answers. Now you asked me questions. How do I know how to answer?
moron101 ( Date: 22-Mar-2017 18:55) Posted:
Bro why you like to ask people to issue rights? Can share with us?
alishan ( Date: 22-Mar-2017 16:09) Posted:
What happen if creditors demand immediate payment? When will they do that? Do they have enough cash to pay or not? If not, is Triyards going to raise cash through right issue or new borrowing?
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Bro why you like to ask people to issue rights? Can share with us?
alishan ( Date: 22-Mar-2017 16:09) Posted:
What happen if creditors demand immediate payment? When will they do that? Do they have enough cash to pay or not? If not, is Triyards going to raise cash through right issue or new borrowing?
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If want to issue rights, better do so before price fall below 20￠
What happen if creditors demand immediate payment? When will they do that? Do they have enough cash to pay or not? If not, is Triyards going to raise cash through right issue or new borrowing?
