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DBSV Research: Heading North (Buy)
http://www.remisiers.org/cms_images/rese...y_DBSV.pdf
Kim Eng Research (Buy)
http://www.remisiers.org/cms_images/KE-S...062011.pdf
Ezion Holdings: JV secured US$73m Denmark jackup rig deal (Buy)
http://www.remisiers.org/cms_images/rese...asport.pdf
Analyst are largely positive with the latest JV deal (the 2nd this year) with its expected ROE of 35% meaning that Ezion should recoup its capital by the end of the charter agreement.
(Not Vested)
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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05-08-2011, 04:48 PM
(This post was last modified: 05-08-2011, 04:48 PM by Nick.)
LIFTBOATS FURTHER JACK EZION GROUP’S NET PROFIT IN 1H2011 UP BY 101% TO REACH RECORD HALF YEAR RESULTS OF US$34.7 MILLION
• Strong balance sheet with low net gearing of 0.18 x and high interest service coverage of 34.3 x will provide solid foundation to meet customer’s demand for future growth
• Strong recurring income going forward with the deployment of key assets and ongoing and new offshore logistics LNG projects provides strong long term cash flow for Ezion Group
http://info.sgx.com/webcoranncatth.nsf/V...2003ED17D/$file/Ezion_2Q2011_results.pdf?openelement [SGX Announcement]
http://info.sgx.com/webcoranncatth.nsf/V...20026C1E2/$file/Ann_Media_Release_Results.pdf?openelement [Press Release]
http://info.sgx.com/webcoranncatth.nsf/V...2003BB9D7/$file/EzionPresentation.pdf?openelement [Presentation Slides]
http://info.sgx.com/webcoranncatth.nsf/V...2001907CC/$file/Ann_Capital_Securities.pdf?openelement -
PROPOSED ISSUE OF SINGAPORE DOLLAR DENOMINATED PERPETUAL CAPITAL SECURITIES
Trading remains halted.
(Not Vested)
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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the capital assets of Ezion have a limited life, but the company is issuing perpetual capital security....
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Trading halt of Ezion saved it from the plunge today...
I wonder how will it fare on MONDAY....
Plunge 10% ?
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EZION GROUP AWARDED AN INITIAL CONTRACT WITH AN APPROXIMATE VALUE OF US$ 55 MILLION TO PROVIDE FULL LOGISTICS AND SUPPORT SERVICES FOR THE DEVELOPMENT OF LNG FACILITIES ON CURTIS ISLAND, QUEENSLAND, AUSTRALIA
http://info.sgx.com/webcoranncatth.nsf/V...200187394/$file/Ann_Curtis_Island_Pjt.pdf?openelement [Announcement]
http://info.sgx.com/webcoranncatth.nsf/V...20018DAC0/$file/Ann_Media_Release_Curtis_Island_Pjt.pdf?openelement [Press Release]
Ezion shares remains halted.
(Not Vested)
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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Agree Ezion and Ezra ROIC looks very capital intensive, and unconvincing on a FCF basis. But Ezra is the one with pattern more than badminton.
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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Ezra is like that schoolboy who has tried every single trick in the book to get your lunch money,
Ezion is that schoolboy mugging away in the corner trying to digest everything in the textbook not knowing what is going to come out for exam. Everything also just whack. Then you have YHM who is Ezion's little sister helping to carry his textbooks that drop on the floor.