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5961-5980 of 6027
Those vested, don't sell now. next week trading range will be 08 to 09. patience.. fear not..
boyboy61 ( Date: 10-Aug-2018 09:55) Posted:
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Shortists, at their own peril......would probably break 0.076.....
Starwar88 ( Date: 10-Aug-2018 09:53) Posted:
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Seller stacking up on 76. Looks like shortist determined to hold the 76 wall.
trademaster ( Date: 10-Aug-2018 09:50) Posted:
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Another Olam, though on a smaller scale
lailai ( Date: 10-Aug-2018 09:36) Posted:
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Many shortists here thats why pushing down the price, once shortists turn long will rebound strongly.
Eps of US2.4c( Sing3.3c) is indeed very encouraging no matter how one looks at it.
Mkt prob had priced Ezion at 7.3c last fri expecting more losses, but instead turns out extremely good profit.
Imo, can expect coy will be on uptrend hereon, though at snail pace, as shortees will squeeze contra cash strap players by pump and short.
Anyway, contra players, don' t hope to outsmark the tang chiak shortees, who are specialised in emptying your minimal pockets.
Imo again, counter is for medium to long term investment, with at least 3 months' target, in order for the eps to creep into current low price.
And thereafter hopefully to DBS' s tp of 29c in a year.
Security holders and even Temasek are helping coy to reduce its debt by accepting equity swaps at very attractive rate to Ezion, so it seems from the report. Who knows, more help may be on the way to speed up its recovery, a win-win situation for all.
Ext from report: " The group had issued over 1.25 billion shares at 24.87 Singapore cents and more than 222.03 million shares at 27.63 Singapore cents during the second quarter to security holders exercising the equity swaps.
As at the end of June, it had also placed over 96.15 million of new shares at an issue price of 20.8 Singapore cents to Temasek-linked Pavilion Capital, which emerged as new equity investor for the group in April after the conclusion of its months-long debt refinancing exercise."
Mkt prob had priced Ezion at 7.3c last fri expecting more losses, but instead turns out extremely good profit.
Imo, can expect coy will be on uptrend hereon, though at snail pace, as shortees will squeeze contra cash strap players by pump and short.
Anyway, contra players, don' t hope to outsmark the tang chiak shortees, who are specialised in emptying your minimal pockets.
Imo again, counter is for medium to long term investment, with at least 3 months' target, in order for the eps to creep into current low price.
And thereafter hopefully to DBS' s tp of 29c in a year.
Security holders and even Temasek are helping coy to reduce its debt by accepting equity swaps at very attractive rate to Ezion, so it seems from the report. Who knows, more help may be on the way to speed up its recovery, a win-win situation for all.
Ext from report: " The group had issued over 1.25 billion shares at 24.87 Singapore cents and more than 222.03 million shares at 27.63 Singapore cents during the second quarter to security holders exercising the equity swaps.
As at the end of June, it had also placed over 96.15 million of new shares at an issue price of 20.8 Singapore cents to Temasek-linked Pavilion Capital, which emerged as new equity investor for the group in April after the conclusion of its months-long debt refinancing exercise."
Strong support at 0.075
Berani ( Date: 10-Aug-2018 09:12) Posted:
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Must see if can clear 76. Every pip up is a challenge. If 76 cannot clear it can only go back down especially with STI down so much. Plus trade war round the corner.
Oil and gas will boom in 2019. The run up will be sooner than expected.
TraderBen ( Date: 10-Aug-2018 09:06) Posted:
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oday target at least 0.08
TraderBen ( Date: 10-Aug-2018 09:06) Posted:
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Might take a long time.. like those tech companies .. few cents for 3-4 years then suddenly boom! I foresee oil and gas will boom in 2021-2023. So if price got go up to 0.12 and above. Sell and come back later. DYODd
trademaster ( Date: 10-Aug-2018 09:03) Posted:
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Good news. Will be back to 20 ct eventually.
B.B. Ilan Liao , hoot CIMB Hse
Opened up 2 pips. Too bad STI down so much.
Banks will support them for the next 6 years
kerier ( Date: 09-Aug-2018 12:05) Posted:
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So far, U are the only one reflect true situation... Q2 worst than Q1...
My personal view... Trade with Care
Any Technical Rebounce in the Morning, quickly unload... Buy back later
Market Condition is deteriorating... Q3 will not be good...
Maintain my own TP.. 5.6 to 6 cts..
DYODD...
kerier ( Date: 09-Aug-2018 12:05) Posted:
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Agreed. Let's celebrate our ND first. Will continue the discussion tomorrow morning. Anyway, I like your point one. 3 times of current price is above 20c. matched my expectation. Remember, tomorrow morning then continue. Happy N Day!!
chiachiawee ( Date: 09-Aug-2018 13:49) Posted:
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Well well well. Let me just state some facts, short and precise. With this set of result, its either:
1. BB takes this as good event, push up the price, at the same time shortist have to cover if not wet in the pants, thus a higher price, probably 2 or 3 times higher than current price?
2. BB takes this as normal, no push no fry, price steadily around 7-8 cents and may slowly creep down
3. BB takes this as bad result, continue push the price down
so, dont talk about result, dont talk about NAV, dont talk about P/E, dont talk about future prospects. Its all whether BB wants fry up or down. Take noble as example, what more that noble is more of a dead condition than ezion.
Enough said. DYODD. Happy ND. Cheers.
1. BB takes this as good event, push up the price, at the same time shortist have to cover if not wet in the pants, thus a higher price, probably 2 or 3 times higher than current price?
2. BB takes this as normal, no push no fry, price steadily around 7-8 cents and may slowly creep down
3. BB takes this as bad result, continue push the price down
so, dont talk about result, dont talk about NAV, dont talk about P/E, dont talk about future prospects. Its all whether BB wants fry up or down. Take noble as example, what more that noble is more of a dead condition than ezion.
Enough said. DYODD. Happy ND. Cheers.
- Revenue is lower than previous quarter and costs outstrip revenue
- Other income / gains are non-cash in nature
- Trade receivables higher > ytd revenue
- It has to generate higher cashflows to offset the outflows from loan repayments and capex
- Still has to incur capex to make liftboats operationally ready for deployment
Probably Ezion has exhausted all methods of financing, bank, share issuance, warrants, bonds etc... whats next if it can' t generate enough cash?
DYODD
- Other income / gains are non-cash in nature
- Trade receivables higher > ytd revenue
- It has to generate higher cashflows to offset the outflows from loan repayments and capex
- Still has to incur capex to make liftboats operationally ready for deployment
Probably Ezion has exhausted all methods of financing, bank, share issuance, warrants, bonds etc... whats next if it can' t generate enough cash?
DYODD
Q2 Operating cash flow is positive and actually higher than same period last year. That signals that that the company is still being run well from the business standpoint. May not recover to NAV of 16 cents immediately because there are still too many ill-informed retail investors in this stock (whether shorts or longs). But for stock to trade at 55% discount to NAV makes zero sense.