EMAS Offshore   

Newest IPO in SGX

hope the price can touch 0.2 this year

lglg666      ( Date: 18-Jan-2017 18:24) Posted: Today Emas trading in Oslo also higher and seem like the worst might be over for this stock for the next couple of years while it tries to recover slowly.

 

I've sold off this stock long ago but I'm starting to see a strong uptrend signal. Seems to be a good time to go in now

 

Today Emas trading in Oslo also higher and seem like the worst might be over for this stock for the next couple of years while it tries to recover slowly.

 

In Oslo....this one is trading at 0.68 nok which is 11 cents here. No wonder there is a buy Q for 9.0 cents ( 400 lots ) vs sell Q for 9.2cents. Likely to makan.....

 

Whoever the current buyer, dont be so cheap want to collect below 10 cent.

400 lot Q to buy 0.088

!@#!@$@#!@#@#$@%#*#*$

Most of the people average quite high please.

 

Yes existing holders can hold but i suggest non holders dont take the unneccessary risks.

I said it many times :

Oil price is not constant and is instant it can be 50 today 55 tomorrow then 53 next week...

Meaning ?

Oil Giants will only review their strategies, plans, actions, executions from 6 months to 1 year if say oil price hovers around 55 - 60.

They need to see how US shale industry react too.

By the time Oil Giants make their decisions, downlines may only get their "crumbs of contracts" 1 year later.

Can not very strong O & G companies hold out 1 year ?

Thus I totally avoid Ezra and Emas Offshore.

 

oil price will recover this year and I will held EMAS shares.

lglg666      ( Date: 14-Jan-2017 10:28) Posted: Yes.....double confirmed that but one thing for sure is that I can afford to hold for the long term. No need to run becoz buy with spare cash 💰 anthonykwong      ( Date: 14-Jan-2017 01:27) Posted: Lglg also stucked in emas offshore. Last qtr the loss how much ? Scarrrrrrrrry.......

 

Yes.....double confirmed that but one thing for sure is that I can afford to hold for the long term. No need to run becoz buy with spare cash 💰

anthonykwong      ( Date: 14-Jan-2017 01:27) Posted: Lglg also stucked in emas offshore. Last qtr the loss how much ? Scarrrrrrrrry.......

 

Lglg also stucked in emas offshore. Last qtr the loss how much ?

Scarrrrrrrrry.......

 

Good article  https://fromthesouthsea.com/2017/01/12/ezra-and-bagehot-the-denouement-is-nigh/

 

The na stock Liao Liao. Hopefully don't sell assets to cover lost again

guards80      ( Date: 10-Jan-2017 23:51) Posted: EMAS Offshore: General Announcement :: EMAS Offshore reports net loss for Q1 FY2017 http://repository.shareinvestor.com/rpt_view.pl/id/672058.1/type/sgxnet/original_filename/1   EMAS Offshore: Financial Statements and Related Announcement :: First Quarter Results http://repository.shareinvestor.com/rpt_view.pl/id/672057.1/type/sgxnet/original_filename/1 http://repository.shareinvestor.com/rpt_view.pl/id/672057.2/type/sgxnet/original_filename/1

 

I bought it at 0.16 for 150 lots when NAV was still USD 1.1, hope it  could cover back. Sadly, the NAV dropped so fast.

Zindarion      ( Date: 11-Jan-2017 09:51) Posted: NAV drop to usd 20 cent. ...

 

NAV drop to usd 20 cent. ...

 

EMAS Offshore: General Announcement :: EMAS Offshore reports net loss for Q1 FY2017

http://repository.shareinvestor.com/rpt_view.pl/id/672058.1/type/sgxnet/original_filename/1

 

EMAS Offshore: Financial Statements and Related Announcement :: First Quarter Results

http://repository.shareinvestor.com/rpt_view.pl/id/672057.1/type/sgxnet/original_filename/1

http://repository.shareinvestor.com/rpt_view.pl/id/672057.2/type/sgxnet/original_filename/1

 

Yeah lor....esp since the IPO here, the share price is sinking on a one-way street to hell. Where else in Oslo.....it's doing better with bigger volume than here. Better raise the issue with the sohai management.

Zindarion      ( Date: 07-Jan-2017 13:22) Posted: Next agm raise this issue Waste money for dual listing. lglg666      ( Date: 07-Jan-2017 08:46) Posted: Result release on this coming Tuesday 10 Feb, somehow feel that this stock is doing better in Oslo than here

 

Next agm raise this issue
Waste money for dual listing.

lglg666      ( Date: 07-Jan-2017 08:46) Posted: Result release on this coming Tuesday 10 Feb, somehow feel that this stock is doing better in Oslo than here. Zindarion      ( Date: 04-Jan-2017 10:16) Posted: 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

 

Result release on this coming Tuesday 10 Feb, somehow feel that this stock is doing better in Oslo than here.

Zindarion      ( Date: 04-Jan-2017 10:16) Posted: 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. alexchew      ( Date: 04-Jan-2017 10:09) Posted: 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.

 

Last traded at 0.77NOK in Oslo which is 12.9cents here. Still trading with big difference in value and volume in Oslo and SGX.

 

Fake Buy Q... missing now

 

Sorry bro, kind of misleading from my msg.

NAV is 98 cent down from 1.72

I am not too sure due to what reason it traded at such a huge discount.

My guess as bekow:
1) list at peak of Oil market
2) low liquidity
3) lack of institutions support
4) market sentiment very bad for Oil since listing
5) debt ratio

alexchew      ( Date: 04-Jan-2017 10:33) Posted: thanks for pointing out the new NAV, as it was misleading when someone said 0.98. Zindarion      ( Date: 04-Jan-2017 10:16) Posted: 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