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Ezion Holdings
10-08-2018, 10:03 AM. (This post was last modified: 10-08-2018, 10:46 AM by tonylim.)
Post: #181
RE: Ezion Holdings
The cashflow from operating activities increased by 3m as compared to last Q . Market  reacting positively to the 2Q result since opening bell .

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12-08-2018, 05:29 PM.
Post: #182
RE: Ezion Holdings
BUY; TP reduced to S$ 0.21
based on a lower target multiple of1.0x on FY18 book value
(vs 1.4x previously), given the slower

https://s3-ap-southeast-1.amazonaws.com/...1533949508

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08-11-2018, 09:42 AM.
Post: #183
RE: Ezion Holdings
The losses doesn't seem to be getting better in the 3rd Q result . Reasons given by the management were the same . Most of the assets are not really generating decent revenues .

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08-11-2018, 10:29 AM. (This post was last modified: 08-11-2018, 10:35 AM by CY09.)
Post: #184
RE: Ezion Holdings
I am very curious to how the optimistic Mr Chew keeps pushing back the expected deployment of lifeboats. The expected timeline of full deployment is now end 2019, from the previous timeline of end 2018 which was said in Oct 2017.

Revenue wise, it only improved by a 20%. What has baffled me is how the company is still facing working capital constraints by citing that the secured bank financing is not finalised, despite the company announcing it has been agreed on 2 July 2018 and even paying the banks in shares already for the refinancing.

If shareholders can sue anyone for not meeting their timeline, i think Ezion is a prime candidate to make money from Mr chew

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08-11-2018, 10:39 AM.
Post: #185
RE: Ezion Holdings
(08-11-2018, 10:29 AM)CY09 Wrote: I am very curious to how the optimistic Mr Chew keeps pushing back the expected deployment of lifeboats. The expected timeline of full deployment is end 2019.

Revenue wise, it only improved by a 20%. What has baffled me is how the company is still facing working capital constraints by citing that the secured bank financing is not finalised,  despite the company announcing it has been agreed on 2 July 2018 and even paying the banks in shares already for the refinancing.

If shareholders can sue anyone for not meeting their timeline, i think Ezion is a prime candidate to make money from Mr chew

"" In view of the increased demand from customers, the Group has also taken delivery of an additional unit of

Liftboat. """

It seems Chew is contradicting what he said , if the demand has increased , why the deployment is pushed back ?

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08-11-2018, 01:16 PM.
Post: #186
RE: Ezion Holdings
Taking a closer look , Q on Q , financial of 3Q is better than 2Q.
3Q has higher revenues ,  lower losses because 2Q has a net Other income of 21m.
FC has remained almost the same as 2Q.

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09-11-2018, 01:45 PM. (This post was last modified: 09-11-2018, 05:40 PM by tonylim.)
Post: #187
RE: Ezion Holdings
(08-11-2018, 10:29 AM)CY09 Wrote: I am very curious to how the optimistic Mr Chew keeps pushing back the expected deployment of lifeboats. The expected timeline of full deployment is now end 2019, from the previous timeline of end 2018 which was said in Oct 2017.

Revenue wise, it only improved by a 20%. What has baffled me is how the company is still facing working capital constraints by citing that the secured bank financing is not finalised,  despite the company announcing it has been agreed on 2 July 2018 and even paying the banks in shares already for the refinancing.

If shareholders can sue anyone for not meeting their timeline, i think Ezion is a prime candidate to make money from Mr chew

Hi CY09 ,  The company is still facing working capital constraints could be due to this reason , which the management had mentioned in their 3Q results ???

'''' Updates on Refinancing Exercise
On 3 July 2018, the Group had entered into loan agreements with all the secured lenders pursuant to the refinancing exercise. Upon the execution of the security documents in relation to the loan agreements for all the secured lenders which is expected to be completed by end of 2018, the refinancing exercise would be deemed completed. ""

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10-11-2018, 11:34 AM.
Post: #188
RE: Ezion Holdings
(09-11-2018, 01:45 PM)tonylim Wrote:
(08-11-2018, 10:29 AM)CY09 Wrote: I am very curious to how the optimistic Mr Chew keeps pushing back the expected deployment of lifeboats. The expected timeline of full deployment is now end 2019, from the previous timeline of end 2018 which was said in Oct 2017.

Revenue wise, it only improved by a 20%. What has baffled me is how the company is still facing working capital constraints by citing that the secured bank financing is not finalised,  despite the company announcing it has been agreed on 2 July 2018 and even paying the banks in shares already for the refinancing.

If shareholders can sue anyone for not meeting their timeline, i think Ezion is a prime candidate to make money from Mr chew

Hi CY09 ,  The company is still facing working capital constraints could be due to this reason , which the management had mentioned in their 3Q results ???

'''' Updates on Refinancing Exercise
On 3 July 2018, the Group had entered into loan agreements with all the secured lenders pursuant to the refinancing exercise. Upon the execution of the security documents in relation to the loan agreements for all the secured lenders which is expected to be completed by end of 2018, the refinancing exercise would be deemed completed. ""

Is it the standard practice for the banks to release the funds , only when the refinancing exercise is complete ? Any Buddy here can help to enlighten , thanks.

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