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Ezra
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lucky168
Veteran |
11-Jan-2008 22:43
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Strong Demand Drives 1QFY08 Net Recurrent Income Up By 270 Percent | ||||||||||||||||||
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Pinnacle
Master |
10-Dec-2007 16:31
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Ezra is on a down trend now. TA not looking good for any reversal anytime soon. At least there is tax free dividend to keep me happy at this moment. Final Dividend of $0.0355 per share tax exempt (one-tier)
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musicwhiz5
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07-Dec-2007 11:22
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Pinnacle, I will probe them on that plus much more. I think it's important to get a feel from Management on what they think they can achieve in the next few financial years, then compare it with their actual results. In that way, you can tell if Management had been too optimistic, or if they had gone awfully wrong (or right !). It takes foresight and a lot of planning to build a business right, and ultimately we as shareholders have to trust the Management can carry out this duty. I will need to read through their Annual Report before I can crystallize my thoughts and questions. I will update my blog once I have more ideas on what to ask them. Cheers.... |
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Pinnacle
Master |
07-Dec-2007 10:47
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Agreed with musicwhiz5... For a company nature of Ezra, growth is more important than dividend. I will not be attending the AGM though, but maybe you can probe them on the bobo they had done which resulted in cancellation of the sharebuy back transaction last month. |
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musicwhiz5
Senior |
07-Dec-2007 10:39
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I have a lot of questions for Ezra's Management come AGM. Their AGM is on 24th December Christmas Eve at 10:00 a.m. I have yet to fully digest the Annual Report as I should receive it in the mail this evening, so I guess there will be more questions on their future plans, industry characteristics and their competitive edge. The share buy-back should be approved, but MAnagement should act on it only if they have sufficient FCF for operations. The dividend is not too important in my opinion, just a small sweetener from the company. More important is the growth of the company in the next 3-5 financial years. |
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Pinnacle
Master |
07-Dec-2007 09:40
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Today first day of "CD". Its tax-exempt dividend of 3.55c. Looks very petty at 1% yield based on current share price. Nevertheless, on up and coming AGM, Share buyback resolution should and will normally approve and give more value back to shareholders. Will continue to hold Ezra until full potential value is reached. 
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Pinnacle
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05-Dec-2007 11:38
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DBS Vickers is still releasing reports on Ezra with Buy call. Based on current chart, consolidation is ending soon and a breakout may happen within a few days. |
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Pinnacle
Master |
03-Dec-2007 09:40
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Ezra remains bullish as OCBC had recommended buy with TP of $4.02, although TA beg to differ.
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Pinnacle
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29-Nov-2007 11:17
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DBS Vickers - Ezra's EOC clinches sizeable contract for transportation and installation works for an oilfield development BUY; S$3.26; EZRA SP; Price Target: S$4.00 Ezra, through 48.9%-owned and Oslo-listed EOC Limited has won a US$148m contract jointly with a Malaysian offshore oil and gas group to provide transportion and installation services for the Malaysian-Thailand Joint Development Area, an oilfield in the Gulf of Thailand. Services provided include transportation and installation of platforms including jackets, topsides, bridges and infield pipelines. This contract is scheduled to start in 3Q08 and complete in 3Q09. This contract will utilise various vessels from Ezra's fleet including EOC's Lewek Champion, the heavy-lift, accomodation, pipe-lay vessel. We expect Ezra to win more of such contracts given that it has a growing, diversifying fleet that include vessels that can be utilised in various phases of oilfield development, a growing segment as activities move from exploration and drilling to production. Maintain Buy, with TP of S$4.00. |
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Pinnacle
Master |
29-Nov-2007 09:17
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OCBC: Clinches US$148 m contract Ezra Holdings Ltd (Ezra), through its 48.9%-owned EOC Limited, has jointly clinched a regional contract worth US$148m to provide transportation and installation services for the Malaysian-Thailand Joint Development Area (MTJDA). This contract, which will commence in 3Q08 and end a year later, involves the use of various support vessels from Ezra, including EOC?s heavylift, accommodation, pipe-lay vessel, the Lewek Champion. We understand that this is Ezra?s maiden endeavour to jointly cooperate with a regional partner and to integrate Ezra?s various business synergies, providing a ?one-stopshop solution? offshore support and marine service. We expect this contract to contribute positively to FY09F EPS by approximately 5 cents. Taking into consideration the bonus issue, we maintain our fair value estimate of S$4.03, based on 18x FY08F earnings. We reiterate our BUY rating on Ezra. |
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Pinnacle
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29-Nov-2007 00:10
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musicwhiz5. Your blog is well written and analysed. | ||||||||||||||||||
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musicwhiz5
Senior |
29-Nov-2007 00:03
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Pinnacle, You can visit my blog at http://sgmusicwhiz.blogspot.com for the details. Whatever I posted on SI forum is also in my posting on the blog, I did not leave out anything. Regards. |
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Pinnacle
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28-Nov-2007 23:38
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musicwhizz5, think I saw you commented on this new deal at another forum. Do you want to share your view here? Although the deal is clinched by EOC, however, its wholly-owned subsidiary of Ezra. |
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Pinnacle
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28-Nov-2007 21:11
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Ezra?s EOC clinches Group?s major joint regional contract worth US$148M Singapore, 28 November 2007 ? The contract was awarded by Carigali-PTTEPI Operating Co Sdn Bhd (CPOC), a joint operating company between PTTEP International Ltd and Petronas Carigali (JDA) Sdn Bhd. Under the equal interest contract, EOC‟ wholly-owned Emas Offshore Construction and Production Pte Ltd will work closely as an equal partner with a subsidiary of a major offshore oil & gas group ("Main Contractor"), which is the main contracting party to this contract. Said Ezra‟ Managing Director Lionel Lee: "While we have set our sights on becoming a significant global player in the offshore oil & gas support services sector, we have not forgotten the active E&P activities in our own backyard, Asia. The expanded capability of our well-equipped fleet with its strong deepwater focus places Ezra in a good position to benefit from the regional oil & gas sector boom. " Lewek Champion. The vessels will support offshore construction works including transportation and installation of platforms, including jackets, topsides, bridges and infield pipelines for the JDA Block B-17 Field Development Plan Project located within the MTJDA in the southern portion of the Thai Gulf. The MTJDA is an area of overlapping continental shelf claimed and jointly developed by both Malaysia and Thailand. "We are pleased to be working on this project and will continue to build long term working relationships with regional players that we have good business synergies with. We expect the contract to contribute positively to our bottomline in FY09, added Mr Lee. The contract will involve the use of various support vessels from the Group, including EOC‟s heavy-lift, accommodation, pipe-lay vessel, the Ezra, together with 48.9%-owned EOC and the Main Contractor will be working closely as integrated team members on the venture, which is slated to start in 3Q2008 and end a year later. EOC specialises in providing various aspects of construction and production services to the offshore oil & gas industry, including but not limited to offshore construction, pipe-laying, decommissioning, accommodation and floating production services. EOC successfully listed on the Mainboard of the Oslo BØrs last month, becoming the first Singaporean-managed and Singapore incorporated company to do so. Ezra is fast putting in place the building blocks to establish itself as a key player with a deepwater expertise in the global offshore oil & gas support services sector. The Group manages and operates a young fleet of 26 vessels 14 AHTSs, 4 AHTs, 3 crewboats, 2 heavy lift accommodation crane barges, 1 heavy lift accommodation pipe-lay vessel, 1 launch barge and 1 deck cargo barge which offer transport & logistics support services throughout the entire oilfield‟ life cycle. Ezra Holdings Limited (?zra‟ ?he Group‟or 以斯拉控股), a leading integrated offshore support and marine services provider in the oil & gas industry, announced that its Oslo Mainboard-listed associate EOC Limited (EOC) has clinched the Group‟ maiden major regional contract worth US$148 million to jointly provide transportation and installation services for the Malaysian-Thailand Joint Development Area (MTJDA). |
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Pinnacle
Master |
28-Nov-2007 20:59
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With DJ look set to trade higher tonight, Ezra will rebounce tomorrow from recent sell-off with this latest deal. Cheong! 
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Pinnacle
Master |
28-Nov-2007 20:56
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EZRA?S ASSOCIATED COMPANY CLINCHES A DEAL WORTH US$148 MILLION The Board of Directors of Ezra Holdings Limited ("Ezra") wishes to announce that the wholly-owned subsidiary of its associated company EOC Limited, Emas Offshore Construction and Production Pte Ltd ("EOCP"), has obtained an equal interest in a US$148 million contract for works within the Malaysia-Thailand Joint Development Area (MTJDA) with a subsidiary of a major oil and offshore services provider ("Main Contractor"). This job was awarded to the Main Contractor by the Carigali-PTTEPI Operating Co. Sdn. Bhd. and is expected to involve the "Lewek Champion", a Heavy-Lift, Accommodation, Pipe-Lay vessel and a host of support vessels belonging to the Ezra group. The above vessels will be utilised for offshore construction works including the transportation and installation of platforms, including jackets, topsides, interconnecting bridges and in-field pipelines for the JDA Block B-17 Field Development Plan Project located in the MTJDA. The MTJDA is an area of overlapping continental shelf claimed and jointly developed by both Malaysia and Thailand. It is situated in the lower part of the Gulf of Thailand. Both EOCP and the Main Contractor are expected to work closely together as an integrated team on this venture, which is targeted to begin at the end of the third quarter of 2008. Completion of this project is expected in the third quarter of 2009. |
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01101749
Member |
19-Nov-2007 17:11
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aiya Y worry so much, just put a cfd short | ||||||||||||||||||
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178investors
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19-Nov-2007 16:32
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Thanks pinn. Feeling a little queasy with Ezra's reply. Typically, a "technical error" is given as an excuse for "we don't know what's the cause" or "just to deflect a question with a dead-beat answer". The share price has gone down to $3.48 today. Let's see if Ezra buyback again today. |
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ning7377
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19-Nov-2007 16:31
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Talking C*ck......This type of reply my 5 years old son also know how to write...What technical error? I never heard of such problems....Trying to fool us.... |
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Pinnacle
Master |
19-Nov-2007 15:31
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Following is the reply from Ezra. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ We refer to your email below on the announcement to cancel certain shares from the share buyback. On 29th August 2007, Ezra obtained approval from shareholder in an EGM to acquire back its own shares to be held as Treasury shares. We started the process of acquiring the shares in mid-November. Under the SGX listing requirement, a listed company is required to make immediate announcement in the event of share buyback. The announcement 0006 and 00018 was made for that purpose. However, we were subsequently informed by the broker that there was a technical error encountered in the two transactions and the two transactions need to be cancelled. Announcement 00133 made on the 16 November was to announce the effect of the cancellation. There is no change in the total number of shares issued. We hope this answer your concerns and thank you for your support of Ezra. Thank you and warmest regards Tan Tat Ming Corporate Finance Executive Ezra Holdings Limited ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ |
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