Get breaking news and analysis on ezion holdings limited ezidf stock, price quote and chart, trading and investing tools. Get realtime stock quotes, stock charts, company fundamentals, financial results and market moving financial news with. With the expectation of strengthening usd in 2017 fading, this could result in further fx losses. A leader in the development, ownership and chartering of strategic offshore assets. Terasea pte ltd is a 5050 jv between ezion holdings ltd and seabridge marine services pte ltd. Each vessel provides the ideal in lifting capability, power, and speed. Liftboat operator ezion holdings chose to suspend trading in the middle. Ezra holdings ltd, also known under their operating brand name of emas, is an integrated. The company operates through production and maintenance support, exploration and development support, and others segments. Ezion holdings ltd is engaged in the business of development, ownership and chartering of strategic offshore assets to support the offshore energy markets. The covid19 pandemic and ensuing closure of nonessential workplace premises during singapores circuit breaker period has delayed the application for ezion holdings proposed scheme of arrangement with white knight yinson holdings, the troubled offshore and marine g.
Aug 05, 2015 ezion a likely shortsell target, data shows ezion is on the buy list of many research houses here for its growing exposure to the liftboat business. Take ezra holdings, which put up a tenacious but ultimately futile. I believe ezion now has its own order book and business which i am not totally familiar with, thus i am not in a position to comment on the prospects of the company. Ezion holdings limited, an investment holding company, develops, owns, and charters offshore assets. Nonetheless, we believe core earnings are near bottom and we are comforted by ezions positive operating cash flows and. All content on is for your general information and use only and is not intended to address your particular requirements. Liftboats, jackup rigs, offshore support logistics services and others.
Rate reduction and contract terminations we estimate that every 1% decline in average day rates will reduce ezions bottomline by 7% due to a lowbase. Its free to post and participate in ezion s discussion. Otc us stock quote ezion holdings ltd bloomberg markets. Singapore including stock price, stock chart, company news, key statistics, fundamentals and company profile. Ezion a likely shortsell target, data shows, companies. Ezion holdings limited, an investment holding company, develops, owns, and charters offshore assets to support the offshore energy markets in singapore, india, the middle east, rest of asia, europe, and internationally. Ezion a likely shortsell target, data shows ezion is on the buy list of many research houses here for its growing exposure to the liftboat business. Note daily ohlc share price according to sgx ready market transactions. Global share market database including us, canada, london, singapore, australia, hong kong, and new zealand. One of the most efficient methods to commission, maintain, and decommission offshore platforms and rigs. As february came to a close, embattled ezion holdings issued some good news to longsuffering shareholders. It is a whollyowned subsidiary of china merchants industry holdings co. Some of the bondholders may band together to fund a legal campaign, forcing dbs to pay up. Ezion shares still on hold over restructuring news.
According to targum jonathan, the name means city of the rooster. During the past years, the highest pb ratio of ezion holdings was 3. Extension of time to announce the financial statements of the company fo pu. Press releases relating to ezion holdings limited investor relations singapore stock exchange. This implies that ezions share price could potentially double. Barrons also provides information on historical stock ratings, target prices, company earnings, market valuation and more. Will potential white knight investor rescue ezion from the. For latest summary on short sell transactions, see sgx top short sell counters by volume, sgx top short sell counters by value. View realtime stock prices and stock quotes for a full financial overview. The aim at the time was to use ezion as a company providing support vessel services to ezra, and they could crosssell services to each other. The agreement with yinson had lapsed last october as one of ezion s creditor banks did not receive regulatory approval ahead of the proposed debt buyout.
Ezion holdings limited is proposing a bonus issue of up to. Ezion holdings limited is a singaporebased company, which is engaged in investment holding and provision of management services. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by ft and is not intended to be relied upon by users in making or refraining from making any specific investment or other decisions. By 2h17, the number of units under operation by ezion is expected to be 16 out of the whole fleet size of 26. Malaysialisted oilservices firm yinson holdings bhd has come to the rescue of ezion holdings. Our analysis is based on comparing ezion holdings ltd. Feb 26, 2019 view todays stock price, news and analysis for ezion holdings ltd. Get realtime stock quotes, stock charts, company fundamentals, financial results and market moving financial news with shareinvestor.
Note short sell volume according to the daily short sell report published by sgx. Its segments include production and maintenance support, which is engaged in owning, chartering and. Singapore stock quote ezion holdings ltd bloomberg. We have slashed fy1718f earnings by 2255% after pushing back vessel deliveries. Yinsons investment through debt buyout is expected to lift nav to 3. It operates through the following business segments. On 6apr, ezion announced that it has entered into an agreement with pavilion capital fund holdings pte ltd pavilion for the subscription of 96. The company operates through offshore logistic support vessels services, and liftboats and jackup rigs services segments. The liftboats segment deals in the owning, chartering and management of selfpropelled rigs involved in the production and maintenance phase of the oil and. The business is spread across singapore, the middle east, india, rest of asia and europe. Ezion served redemption notice by bond holder, business news. Use of this website constitutes acceptance of the terms of website use. We expect the low day rates and utilisation rate to persist. It is like a story book telling you what is going to happen in the future or some can call it a bible.
Access portfolio and alerts management tools and participate in the most popular stock forum in singapore. See who you know at ezion holdings limited, leverage your professional network, and get hired. With a vision to provide top class marine towage assets and management the jv has proceeded to order 4 units of 16,300bhp, 200bp dedicated ocean towing tugs. Ezion, of course, defends its position by implying suspension is not cease to be traded.
Ezion details refinancing proposals for bond holders liftboats are used to maintain and repair production platforms in shallowwater oil fields. Ezion holdings limited ezion and together with its subsidiaries the group has 2 main business divisions that specialises in the development, ownership and chartering of strategic offshore assets and the provision of offshore marine logistics and support services to the offshore oil and gas industries. The company, along with its subsidiaries, specializes in the development, ownership and chartering of offshore assets to support the offshore energy markets. Offshore and marine group ezions loss after income tax surged 78. Singapore liftboat focused offshore and marine group, ezion holdings unveiled before trading on tuesday jan 2 a reorganisation of its senior management team that took effect from jan 1. The potential white knight coming in to inject capital should augment ezion s balance sheet, she adds. Nonetheless, we believe core earnings are near bottom and we are comforted by ezion s positive operating cash flows and. Stock fundamentals ezion holdings limited investor. The company, along with its subsidiaries, specializes in the development, ownership and charter ing of offshore assets to support the offshore energy markets. To resolve through warrants, bonds and convertibles october 26, 2017 1269 ezion attained the consent from banks on a conditional refinancing plan proposal of restructuring of notes is awaiting approved. The board of directors the board or the directors of ezion holdings limited the company, and together with its subsidiaries, the group refers to the announcement dated 7 february 2018 the previous announcement in relation to the proposed warrants 2018shareholders issue. Otc us including stock price, stock chart, company news, key statistics, fundamentals and company profile. The decrease in investment in associates was mainly due to the derecognition of an associate as alpha energy holdings limited is not longer deemed as associated company of the group as the group has ceased to have significant influence over alpha energy holdings limited, and disposal of another associate during the year.
Ezion holdings limited is proposing a bonus issue of new ordinary shares in the capital of the company on the basis of 1 new ordinary share for every 5 existing ordinary shares held by shareholders of the company as at a book closure date to be determined by the directors for the purpose of determining the entitlements of shareholders. Sep 25, 2017 a key bond holder has delivered a blunt message to debtladen ezion holdings. Its book value per share for the quarter that ended in sep. This unique jv brings together the joint expertise in ocean towage of both companies.
Ezion holdings owns the largest fleet of the most sophisticated class of liftboat in the world. Ezion details refinancing proposals for bond holders. When approaching a traffic light while driving, should we accelerate as it turns amber or wait for the next green light. Ezion provides service rigs and offshore logistics support services to the.
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