Ezra Holdings

[Some-one]

Ezra's stock is so volatile these few days but yet they reply they are not aware of any activities? Is this a case of insider trading?

[felixleong]

up 20% today... its on drugs!

[DP28]

Wednesday 47,544,000 traded at vwap 1.0256
Thursday 8,425,000 traded at vwap 1.06310
Friday 119,684,000 traded at vwap $1.2233

Total shares traded 175,653,000. This constitute 20.47% of market float.. at 3 days vwap average of $1.1621.

If there's any possibility of M&A at premium of 20%, target maybe around $1.3945 ? just my guess and wild assumption. (IMO I think will be significantly lower due to high debt gearing..)

(Updated)

[felixleong]

hm.... could be operators punting up this stock, they just contra and contra pass around each other.. no need capital one..

don't think they have over 100 mil $ to pick up these shares, if they did then there will probably announcement of change in major shareholder .. if no announcement means this counter is heavily contra-ed

I don't think the feverish price can be sustained, its now like a music chair... dun be caught dancing when the music ends! ^^

[kagemusha]

looks like quite a number are being shorted but prices keeps going up..... shorters beware.

[happyharvest]

Game over?

[mkmk]

http://infopub.sgx.com/FileOpen/Ezra_con...eID=261722

Ezra awarded US$110 million worth of new projects in subsea construction and offshore support services
- Subsea Services division EMAS AMC continues to win key projects in Asia and Gulf of Mexico
- Offshore Support Services division, EMAS Marine adds three charters in South East Asia

(not vested)

[DP28]

* Singapore-listed oilfield services firm Ezra mulls U.S. IPO for subsea unit

* Ezra appoints JP Morgan Chase to advise on possible options

* Subsea unit accounted for 62 pct of revenue in financial year 2013

* Shares fall nearly 2 pct after announcement

SINGAPORE, Jan 17 (Reuters) - Oilfield services firm Ezra Holdings Ltd said on Friday it has appointed JP Morgan Chase & Co to advise on strategic options for its subsea services division, including a possible listing of the business in the United States.

The subsea division contributed 62 percent of Ezra's revenue in financial year 2013, which ended August 31. The unit reported a 44 percent year-one-year rise in revenue in 2013, but made a $23 million operating loss as it struggled with higher-than-expected costs and delay in certain projects, Ezra's financial reports showed.

"The fundamentals of the subsea industry are positive resulting in strong prospects for our subsea business in areas such as North America and Europe," Lionel Lee, group chief executive officer and the company's top shareholder, said in a statement.

Shares in Ezra jumped more than 40 percent over the past six months amid talks of a possible sale or merger of the subsea division. The company announced in early December that it was in discussions about its subsea unit following a query from the Singapore Exchange.

Ezra shares fell nearly 2 pct at S$1.26 by 0223 GMT.

"The only reason the share price performed the way it did in the second half of last year was speculation on M&A. Now the company says it is considering listing, some of the M&A premium may be withering down."

Barclays has an underweight rating on Ezra, with a target price set at S$0.90.

Subsea services providers install infrastructure on the bottom of ocean for the increasingly complex offshore oil and gas fields.

Souce: http://www.reuters.com/article/2014/01/1...8G20140117

[specuvestor]

Ezra keep raising funds from capital markets

http://www.valuebuddies.com/thread-159-p...l#pid47450

[DP28]

Ezra keep raising funds from capital markets

http://www.valuebuddies.com/thread-159-p...l#pid47450

That is true and if I don't recall wrongly they did something like that of "talks" of potential listing in LSE in 2011 on Aker Marine.. Lionel Lee is a capital market player more than a offshore oil & gas businessman. (I reckon he's gonna do better in corporate finance than drilling oil)

Ever since founder of Ezra Lee Kian Soo become chairman of Ezion in 2007, He has generated so much returns for Ezion shareholders as compared to Ezra when Lionel took over in 2005.

Oil & gas is not an everyone's market.. Even Keppel Corp and Sembmarine are losing their edge (I feel). Likewise, you cant engage an Army general who just turn 45 to run a Multi-billion dollar corp overnight.