Ezra
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EZRA HOLDINGS - RED HOT NEWS
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why back from dead? alreaedy 90%! already lose credibility. The CEO should change
istari25 ( Date: 19-May-2017 17:55) Posted:
Any idea what' s going to happen to Ezra? Back from dead maybe?
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Any idea what' s going to happen to Ezra? Back from dead maybe?
Yes
Still alive?
1 bid can have profit ... nowadays comm is low 0.12- 0.15...
Blur_nom ( Date: 23-Apr-2017 18:00) Posted:
Hey guys, I have a rather newbie question here.
I see that many of our long-term members have good track record in shorting and contra play. I am curious, how do you profit from a 0.001-0.003 movement since the percentage is so insignificant (eg:1-3%) and that it wouldn' t cover the trading fee (+) , processing fee (+) and GST (7%) incurred during the trade.
Please let me know what i am missing out.
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Hey guys, I have a rather newbie question here.
I see that many of our long-term members have good track record in shorting and contra play. I am curious, how do you profit from a 0.001-0.003 movement since the percentage is so insignificant (eg:1-3%) and that it wouldn' t cover the trading fee (+) , processing fee (+) and GST (7%) incurred during the trade.
Please let me know what i am missing out.
Should be old news liao , still hv time to frolick in yacht? Lol.
huangyuanhe ( Date: 16-Apr-2017 22:01) Posted:
Did our banks "bank-rolled" , "played a big part" in helping all these luxuries toys purchases ?
Singapore businessman Adrian Lee Chye Cheng, 33, is the super-yacht industry?s dream come true.
?The new market is in Asia,? Lee said in an interview on one of the panoramic decks of the Ocean Paradise, a 55-meter luxury yacht he and his brother Lionel acquired two months ago.
With rising riches has come an appetite for expensive toys. Take Lee?s yacht, the Ocean Paradise was custom-built by Benetti for 34 million euros ($46 million). It has a jacuzzi, a Zen garden, floor-to-ceiling windows, mood lighting, a carbon-fiber dining table and a vintage Space Invaders video game.
An executive director of Loyz Energy Limited, a Singapore-based oil and natural gas explorer. His brother Lionel helps run oil-services company Ezra Holdings that provides vessels and installs deep-sea equipment for the offshore marine.
At the time of the Monaco trade show, Lee said he had spent all of two full days aboard and has been too hard at work to invite friends to celebrate her launch.
huangyuanhe ( Date: 16-Apr-2017 21:50) Posted:
Ezra's creditors would also stand to gain little in such a scenario.
According to court papers, Ezra's largest unsecured creditors include all three Singapore banks: DBS Bank, with claims totalling US$281.4 million OCBC Bank, with around US$207 million and United Overseas Bank (UOB) with US$22.8 million.
In terms of secured debt, OCBC and DBS have claims of more than US$47.2 million each, while UOB has US$10.2 million. OCBC also has a secured claim of over US$26 million against Ezra Marine Services. |
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Did our banks "bank-rolled" , "played a big part" in helping all these luxuries toys purchases ?
Singapore businessman Adrian Lee Chye Cheng, 33, is the super-yacht industry?s dream come true.
?The new market is in Asia,? Lee said in an interview on one of the panoramic decks of the Ocean Paradise, a 55-meter luxury yacht he and his brother Lionel acquired two months ago.
With rising riches has come an appetite for expensive toys. Take Lee?s yacht, the Ocean Paradise was custom-built by Benetti for 34 million euros ($46 million). It has a jacuzzi, a Zen garden, floor-to-ceiling windows, mood lighting, a carbon-fiber dining table and a vintage Space Invaders video game.
An executive director of Loyz Energy Limited, a Singapore-based oil and natural gas explorer. His brother Lionel helps run oil-services company Ezra Holdings that provides vessels and installs deep-sea equipment for the offshore marine.
At the time of the Monaco trade show, Lee said he had spent all of two full days aboard and has been too hard at work to invite friends to celebrate her launch.
huangyuanhe ( Date: 16-Apr-2017 21:50) Posted:
Ezra's creditors would also stand to gain little in such a scenario.
According to court papers, Ezra's largest unsecured creditors include all three Singapore banks: DBS Bank, with claims totalling US$281.4 million OCBC Bank, with around US$207 million and United Overseas Bank (UOB) with US$22.8 million.
In terms of secured debt, OCBC and DBS have claims of more than US$47.2 million each, while UOB has US$10.2 million. OCBC also has a secured claim of over US$26 million against Ezra Marine Services. |
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Ezra's creditors would also stand to gain little in such a scenario.
According to court papers, Ezra's largest unsecured creditors include all three Singapore banks: DBS Bank, with claims totalling US$281.4 million OCBC Bank, with around US$207 million and United Overseas Bank (UOB) with US$22.8 million.
In terms of secured debt, OCBC and DBS have claims of more than US$47.2 million each, while UOB has US$10.2 million. OCBC also has a secured claim of over US$26 million against Ezra Marine Services.
You can read the sorry state of affairs of EZRA at Straits Times 15 April.
Smm?
westpoison ( Date: 07-Apr-2017 13:41) Posted:
I think the only O& G can invest is SMM.
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I think the only O& G can invest is SMM.
Don't think about the share value, you wont get back anything...
Don't Touch any O&G company at least for next One year. Despite, someone keep saying.. Oil price up up liao.
All this is the opportunity to unload.. Cut loss....
Worst is yet to Come..
raymondsim2003 ( Date: 05-Apr-2017 17:08) Posted:
paid with our money.
this time i think our share ice cream liao.
anyone have idea what will happen to our share and also those bond holder ?
joebloggs ( Date: 04-Apr-2017 17:18) Posted:
I wonder how much they would have paid for it
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Octavia ( Date: 04-Apr-2017 17:14) Posted:
Ezra chairman' s villa in Sentosa Cove being sold
A PRIME waterway-facing bungalow in Cove Grove in Sentosa held by Ezra Holdings founder and chairman Lee Kian Soo is finally being sold, said sources.
The private treaty deal is understood to have been entered into last week. An agent from Edmund & Tie Co Property Network is understood to have been involved in the transaction but the firm declined to comment when contacted by The Business Times.
While details on pricing were not available, talk in the market is that as recently as two weeks ago, the owner was prepared to consider offers of around S$16 million or S$1,390 per square foot based on the land area of 11,515 sq ft.
Early last year, when the property was put on the market, the price tag was reported to be S$26 million or S$2,258 psf.Since then the asking price has decreased steadily as Ezra' s financial situation worsened.
The mainboard-listed offshore and marine group filed for Chapter 11 protection under the US Bankruptcy Code last month. This was months after Ezra flagged going concerns issues in its full-year results released last November. In its fourth quarter ended Aug 31, 2016, Ezra posted a massive net loss of US$339.6 million and saw its equity to controlling interest plunge to US$232.98 million against over US$1 billion of short-term debt on its books. In early February, the group acknowledged that another US$170 million writedown may be on the table tied to its investment in its Emas Chiyoda Subsea business unit. Ezra chief executive Lionel Lee, son of the chairman, previously used the Sentosa Cove bungalow but the property is now vacant. Mr Lionel Lee and his family have other real estate holdings. These include a 24.98 per cent stake in Thailand' s Raimon Land. The Sentosa Cove bungalow that is being sold is on a site with 89.5 years' balance leasehold tenure. The villa, which has a private berth, spans two storeys, with a basement and an attic. It has five ensuite bedrooms, a swimming pool and an entertainment room.
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paid with our money.
this time i think our share ice cream liao.
anyone have idea what will happen to our share and also those bond holder ?
joebloggs ( Date: 04-Apr-2017 17:18) Posted:
I wonder how much they would have paid for it
Octavia ( Date: 04-Apr-2017 17:14) Posted:
Ezra chairman' s villa in Sentosa Cove being sold
A PRIME waterway-facing bungalow in Cove Grove in Sentosa held by Ezra Holdings founder and chairman Lee Kian Soo is finally being sold, said sources.
The private treaty deal is understood to have been entered into last week. An agent from Edmund & Tie Co Property Network is understood to have been involved in the transaction but the firm declined to comment when contacted by The Business Times.
While details on pricing were not available, talk in the market is that as recently as two weeks ago, the owner was prepared to consider offers of around S$16 million or S$1,390 per square foot based on the land area of 11,515 sq ft.
Early last year, when the property was put on the market, the price tag was reported to be S$26 million or S$2,258 psf.Since then the asking price has decreased steadily as Ezra' s financial situation worsened.
The mainboard-listed offshore and marine group filed for Chapter 11 protection under the US Bankruptcy Code last month. This was months after Ezra flagged going concerns issues in its full-year results released last November. In its fourth quarter ended Aug 31, 2016, Ezra posted a massive net loss of US$339.6 million and saw its equity to controlling interest plunge to US$232.98 million against over US$1 billion of short-term debt on its books. In early February, the group acknowledged that another US$170 million writedown may be on the table tied to its investment in its Emas Chiyoda Subsea business unit. Ezra chief executive Lionel Lee, son of the chairman, previously used the Sentosa Cove bungalow but the property is now vacant. Mr Lionel Lee and his family have other real estate holdings. These include a 24.98 per cent stake in Thailand' s Raimon Land. The Sentosa Cove bungalow that is being sold is on a site with 89.5 years' balance leasehold tenure. The villa, which has a private berth, spans two storeys, with a basement and an attic. It has five ensuite bedrooms, a swimming pool and an entertainment room.
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http://emasoffshore.listedcompany.com/newsroom/20170404_220254_UQ4_AZ8ARJLIOMS5PLUO.1.pdf
" Due to the current financial challenges experienced by EOL as well as the recent developments as announced, the Company will not be in a position to release the AR FY2016 within 9 May 2017 as previously announced. Nor will the Company be able to release the Q2 FY2017 and first half semi-annual FY2017 Report within 7 April 2017 as previously indicated. It is furthermore uncertain when and to which extent the Company will be able to release the relevant financial statements. Further updates will be provided as and when they arise"
