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^^agree... they are same pot
(08-04-2014, 10:47 AM)specuvestor Wrote: Buy 7% Ausgroup somemore... even more garang than Ezra
http://infopub.sgx.com/Apps?A=COW_CorpAn...0NXh1fQww8
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
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For those vested and interested...
(not vested)
Ezion Holdings sells shares to Hong Leong units
SINGAPORE – Singapore-listed Ezion Holdings, which supplies support vessels for offshore oil fields, said it plans to sell shares to two firms in Malaysia’s Hong Leong Group, raising US$155 million (S$194 million) to help expand its fleet.
The capital raising follows news this month of an up to US$380 million planned IPO in Singapore by PACC Offshore Services Holdings (POSH), an operator of maritime support vessels controlled by Malaysia’s richest man Robert Kuok.
Ezion issued 100 new million shares at US$1.94 per share, an 8.9 per cent discount to Tuesday’s closing price.
Asia Fountain Investment Company and GuoLine Capital, both subsidiaries of Hong Leong Company (Malaysia), each subscribed to 50 million shares. Hong Leong Company (Malaysia) is the holding company of Hong Leong Financial Group.
Each unit will hold approximately 3.8 per cent of the enlarged share capital of the company.
Ezion plans to use 70-90 per cent of the net proceeds on the acquisition of offshore and marine assets, and the rest on general working capital. The company’s net non-current assets rose 84 per cent in 2013, after nearly tripling in the previous year. REUTERS
http://www.todayonline.com/business/ezio...eong-units
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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Don't play play with veteran Chan, he will sure to come good no matter how long it takes.
not vested
(16-04-2014, 08:32 PM)CityFarmer Wrote: For those vested and interested...
(not vested)
Ezion Holdings sells shares to Hong Leong units
SINGAPORE – Singapore-listed Ezion Holdings, which supplies support vessels for offshore oil fields, said it plans to sell shares to two firms in Malaysia’s Hong Leong Group, raising US$155 million (S$194 million) to help expand its fleet.
The capital raising follows news this month of an up to US$380 million planned IPO in Singapore by PACC Offshore Services Holdings (POSH), an operator of maritime support vessels controlled by Malaysia’s richest man Robert Kuok.
Ezion issued 100 new million shares at US$1.94 per share, an 8.9 per cent discount to Tuesday’s closing price.
Asia Fountain Investment Company and GuoLine Capital, both subsidiaries of Hong Leong Company (Malaysia), each subscribed to 50 million shares. Hong Leong Company (Malaysia) is the holding company of Hong Leong Financial Group.
Each unit will hold approximately 3.8 per cent of the enlarged share capital of the company.
Ezion plans to use 70-90 per cent of the net proceeds on the acquisition of offshore and marine assets, and the rest on general working capital. The company’s net non-current assets rose 84 per cent in 2013, after nearly tripling in the previous year. REUTERS
http://www.todayonline.com/business/ezio...eong-units
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So far Mr Chan has had a very good track record. This most recent development definitely alays alot of retail investors' fears that Ezion could go the route of Blumont Asiasons Liongold. With billionaire support and backing, there is far more credibility in Ezion's ability to continue growing.
Not vested.
Vested in Charisma Energy (another of Ezion and Mr Chan's vehicles)
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For valuebuddies who wish to understand more on Ezion, I would suggest that you google for CIMB's research on this company.
The beauty of CIMB's research is that they listed the capex & ebitda individually for each vessel that Ezion acquires. Therein lies the beauty of Ezion's business model (IMHO). Typically, the company comes up with 30% equity and 70% debt. Within the contract period, the company receives sufficient cashflow to pay back all its debt and some. Therefore, I do not think gearing is an issue at all. Resultant ROE ranges between 30% to 50%. And this business model appears to be very scalable for the foreseeable future.....
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http://infopub.sgx.com/FileOpen/Ezion_Pr...eID=294282
Quote:EZION’S MARINE SUPPLY BASE AT PORT MELVILLE ESTABLISHED AS SECURITY REGULATED PORT AND EZION APPOINTED AS PORT OPERATOR
Singapore, 29 April 2014 – Ezion Holdings Limited (“Ezion” or the “Company” and together with its subsidiaries the “Group”), a leading Singapore headquartered, Liftboat developer, owner and operator as well as offshore logistics support service provider, announced that its Port Melville Port Corp in the Northern Territory of Australia has received formal notification recognizing Port Melville as a security regulated port by the Australian Government under the Maritime Transport and Offshore Facilities Security Act 2003 (the Act).
Port Melville Port Corp is under the control of the Company’s wholly owned subsidiary, Ezion Offshore Logistics Hub (Tiwi) Pty Ltd which has been appointed as the exclusive port operator for Port Melville under the same Act.
Captain Larry Johnson, CEO of Ezion’s Australian Operations said: “This is truly a milestone event that paves the way for commencement of phase two development that includes export of local products and a wide range of port services in support of the Oil & Gas Industry. We are grateful for the trust and support given to us by both the Australian Government and the local community. We believe this project will go a long way in enhancing the economic activity and viability of the Territory”.
(not vested)
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just growing from strength to strength. mr chew really seems to be guiding this counter and its subsidiaries towards becoming a global powerhouse. it is no wonder that they currently have hong leong's backing.
vested
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Once upon a time, Mr Lees of Ezra also making wave with their share prices... however, many years later, shareholders are still left wondering where are the cashflows and earnings notwithstanding billion dollar order books...
Not Vested
GG
(30-04-2014, 01:44 PM)mulyc Wrote: just growing from strength to strength. mr chew really seems to be guiding this counter and its subsidiaries towards becoming a global powerhouse. it is no wonder that they currently have hong leong's backing.
vested
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The key game for stocks like ezra is not to be the last one holding. Hope ezion does not follow suit
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There not many true blue Godfathers around and if they exists, they are usually heading the boring deep value stocks that are unlikely to attract active following from market participants.
Anyway Godfathers takes a long time to build their track record and by which time they are accorded the status, they would have created so much wealth that the companies are already blue chips.
GG
(30-04-2014, 08:08 PM)CY09 Wrote: The key game for stocks like ezra is not to be the last one holding. Hope ezion does not follow suit
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