*Official* Ezion Holdings

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Some-one

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Ronaldo88 said:
Now inside got rights share n warrants..Eat to do with these? Me also noob leh...jin ma huan..
Click to expand...

because they need money to repay their high debt. It is not at all complicated. The warrants can be exercised at a price of $0.50 within 4 years. This means that if you have 2000 warrants and you decide to exercise it, you need to pay $1000 exclude commission. They would use the money for their capex.

However, after the rights issue, theoretically, it would go below $0.50. This means your warrants are useless as you are making a loss if you exercise it. That is why the price drops to $0.111 (as of now). In fact, if you read the chart, it is dropping very badly once the rights issue are announced as no one wants to hold the warrants.

For rights issue, if you decide to subscribe to the rights, you also need to pay. For example, if you have 3000 rights, you need to pay 3000 x $0.4x (can't remember the price) exclude commission. The announcement claims that they are using it for their joint venture in the offshore wind market in China. Up to you to believe if it is going to work out or not.

Considering their high debt and dropping revenue and profit as well as impending rise in interest rate, I have sold all my Ezion.

For those who are still confident, good luck, either you need to hold for very long time or it may become the next Ezra (becomes penny). Also, don't believe in all the analyst talk. They can be asking you to buy but their sell-side is selling it to you. Trust your own instinct.

:)
 
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[[ForeverAlone]]

[[ForeverAlone]]

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Some-one said:
because they need money to repay their high debt. It is not at all complicated. The warrants can be exercised at a price of $0.50 within 4 years. This means that if you have 2000 warrants and you decide to exercise it, you need to pay $1000 exclude commission. They would use the money for their capex.

However, after the rights issue, theoretically, it would go below $0.50. This means your warrants are useless as you are making a loss if you exercise it. That is why the price drops to $0.111 (as of now). In fact, if you read the chart, it is dropping very badly once the rights issue are announced as no one wants to hold the warrants.

For rights issue, if you decide to subscribe to the rights, you also need to pay. For example, if you have 3000 rights, you need to pay 3000 x $0.4x (can't remember the price) exclude commission. The announcement claims that they are using it for their joint venture in the offshore wind market in China. Up to you to believe if it is going to work out or not.

Considering their high debt and dropping revenue and profit as well as impending rise in interest rate, I have sold all my Ezion.

For those who are still confident, good luck, either you need to hold for very long time or it may become the next Ezra (becomes penny). Also, don't believe in all the analyst talk. They can be asking you to buy but their sell-side is selling it to you. Trust your own instinct.

:)
Click to expand...

I just got their letter , I only can buy 1.8k of it at 0.29
 
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iphone88 said:
why suddenly drop to 0.395? It has good support at 0.435 few days earlier.
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Many people are selling the rights. Ezion R drops 30% to 0.100. This means a lot of people does not want to subscribe to the rights. Not a good sign. Thus, results in drop.
 
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[[ForeverAlone]]

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Some-one said:
Many people are selling the rights. Ezion R drops 30% to 0.100. This means a lot of people does not want to subscribe to the rights. Not a good sign. Thus, results in drop.
Click to expand...

:s11:
I believe recently you also received that letter?

Is they give " an offer price for right " at 0.029 right?
 
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[[ForeverAlone]] said:
:s11:
I believe recently you also received that letter?

Is they give " an offer price for right " at 0.029 right?
Click to expand...

The board of directors (the “Board”) of Ezion Holdings Limited (the “Company”, and together
with its subsidiaries, the “Group”) wishes to announce that the Company is proposing to
undertake a renounceable underwritten rights issue of up to 487,313,310 new ordinary shares
in the capital of the Company (the “Rights Shares”) at an issue price of S$0.290 (the “Issue
Price”) for each Rights Share, on the basis of three (3) Rights Shares for every ten (10) existing
ordinary shares in the capital of the Company (“Shares”) (the “Rights Issue”).

http://infopub.sgx.com/FileOpen/Ezion_Ann_RI_300616.ashx?App=Announcement&FileID=412192
 
Shion

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Ezion’s 2Q earnings down 31.5% to US$19.8 mil

Ezion’s 2Q earnings down 31.5% to US$19.8 mil

http://www.theedgemarkets.com.sg/sg/article/ezion’s-2q-earnings-down-315-us198-mil

SINGAPORE (Aug 11): Ezion Holdings saw a 31.5% fall in 2Q earnings to US$19.8 million ($26.6 million) from US$28.9 million a year ago on lower gross profit.

Revenue for the three months ended June decreased by 7% to US$83.7 million from last year, mainly due to service rings that underwent modifications and routine class surveys.

Cost of sales and servicing for the quarter also increased by 12.4% to US$65.9 million due to the deployment of additional service rigs, comprising multi-purpose self-propelled jack-up rigs and jack-up rigs.

As a result, gross profit decreased 43.3% to US$17.8 million as compared to 2Q15.

In a Thursday filing, Ezion says the industrial environment remains “very challenging” in view of low fossil fuel prices and the cut-back in expenses from oil majors. The group expects strong headwinds to continue into the second half of the year.

According to Ezion, its management is working hard to complete the repairs and modifications of several of its service rigs to ensure they can return to work before the end of the year.

Ezion closed 6.5% lower at 29 cents on Wednesday.
 
Perisher

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Wonder if next few quarters will have any improvement.
 
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