Duckduck Turbocharged November 17, 2016 Share November 17, 2016 Amidst all these, how many top level executives walk away with a hefty pay out and sit out their days in a nice landed prop? this is why got private limited, to protect the clever and financially creative. ↡ Advertisement Link to post Share on other sites More sharing options...
Throttle2 Supersonic November 17, 2016 Share November 17, 2016 Amidst all these, how many top level executives walk away with a hefty pay out and sit out their days in a nice landed prop? Some also sit out in a nice luxury condo ..... Link to post Share on other sites More sharing options...
Celicar Turbocharged November 17, 2016 Share November 17, 2016 Why is it always the same bank? Lehman now Swiber? Because they have a reputation to upkeep. Not easy you know. 1 Link to post Share on other sites More sharing options...
Blueray Hypersonic December 1, 2016 Share December 1, 2016 Ezra's loss widens to $484m in Q4 over impairment losses Offshore contractor Ezra Holdings has plunged deeper into the red, posting a net loss of US$339.6 million (S$484 million) in the fourth quarter, far greater than the US$7.8 million net loss recorded in the same period a year earlier. The losses come on the back of about US$270 million in impairment losses. In October, Ezra had warned that it was reassessing the value of its assets and would take impairments or write them down as appropriate. The warning came in a presentation, where it asked note holders for leniency on $150 million notes maturing in 2018. Revenue in the three months to Aug 31 fell 8 per cent to US$136 million, owing to fewer service requests from customers and lower project activity in the energy services division, as well as lower engineering design work in the marine services division. http://www.straitstimes.com/business/companies-markets/ezras-loss-widens-to-484m-in-q4-over-impairment-losses Link to post Share on other sites More sharing options...
Throttle2 Supersonic December 1, 2016 Share December 1, 2016 Its about managing cash flows. But unfortunately this drought is so long even the stronger players are facing cash flow issues. Tough Link to post Share on other sites More sharing options...
Blueray Hypersonic December 7, 2016 Share December 7, 2016 Swiber directors out on bail as CAD probes alleged breach of disclosure law A NUMBER of current and former directors of Swiber Holdings are released on bail after having been taken for questioning by the Commercial Affairs Department (CAD), Singapore's white collar-crime investigations unit. The directors are Swiber executive chairman Raymond Kim Goh; executive director Jean Pers; lead independent director Yeo Jeu Nam; independent director Chia Fook Eng; independent director Oon Thian Seng; ex-vice-chairman and ex-executive director Francis Wong Chin Sing; group chief financial officer and ex-executive director Leonard Tay Gim Sin; and ex-executive director Nitish Gupta. Those individuals were interviewed by the CAD between Nov 30 and Dec 2 and released on bail in relation to alleged infringements under Section 199 of the Securities and Futures Act. Section 199 covers the making of false and misleading disclosures. ..... http://www.businesstimes.com.sg/companies-markets/swiber-directors-out-on-bail-as-cad-probes-alleged-breach-of-disclosure-law Link to post Share on other sites More sharing options...
Kusje Supersonic February 14, 2017 Share February 14, 2017 Any insider news on Erza/Emas? Looks like no hope already? Link to post Share on other sites More sharing options...
Throttle2 Supersonic February 14, 2017 Share February 14, 2017 Any insider news on Erza/Emas? Looks like no hope already? False hopes Link to post Share on other sites More sharing options...
Kusje Supersonic February 14, 2017 Share February 14, 2017 False hopesEquity confirmed wiped out but I'm more concerned whether the company will continue on for the sake of those working there. Properly recapitalised, I think it can live on. Link to post Share on other sites More sharing options...
Showster Twincharged February 14, 2017 Share February 14, 2017 My good friend went in at 6c. Said nothing to lose since so low. Just gamble. I warned of the likelihood of total loss. But good income earner, money can earn again, just a pity did not capitalise on advantage. Equity confirmed wiped out but I'm more concerned whether the company will continue on for the sake of those working there.Properly recapitalised, I think it can live on. 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic February 14, 2017 Share February 14, 2017 Equity confirmed wiped out but I'm more concerned whether the company will continue on for the sake of those working there. Properly recapitalised, I think it can live on. Properly recapitalized, everything can live on. Problem for many companies in the same sector today is that they cant find the capital. Link to post Share on other sites More sharing options...
Enye Hypersonic February 15, 2017 Share February 15, 2017 Equity confirmed wiped out but I'm more concerned whether the company will continue on for the sake of those working there. Properly recapitalised, I think it can live on. since when a company will continue for the sake of employees? 3 Link to post Share on other sites More sharing options...
tenyawph Turbocharged February 20, 2017 Share February 20, 2017 My good friend went in at 6c. Said nothing to lose since so low. Just gamble. I warned of the likelihood of total loss. But good income earner, money can earn again, just a pity did not capitalise on advantage. This is a classic case of an outright gambling: >95% chance of losing 50% money, but 5% chance of doubling up It is better to have this instead: >90% chance of winning 30% money, but 10% chance of losing 10% Ezra is now quoted at 2.1c. Even at this price, I shudder to go in (i.e. there is no difference to me whether you go in at 6c or even 1c). Unless there is a white knight to the rescue, it looks like a hopeful case to me. The inevitable is a matter of time. You have better odds with IHC, at 10.6c. At the end of the day, a company's fundamental counts for everything. 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic February 20, 2017 Share February 20, 2017 since when a company will continue for the sake of employees? Link to post Share on other sites More sharing options...
Blueray Hypersonic March 1, 2017 Share March 1, 2017 Firm tied to Singapore's Ezra Holdings files for Chapter 11 in US http://www.cnbc.com/2017/02/28/firm-tied-to-singapores-ezra-holdings-files-for-chapter-11-in-us.html Link to post Share on other sites More sharing options...
Jamesc Hypersonic March 1, 2017 Share March 1, 2017 My good friend went in at 6c. Said nothing to lose since so low. Just gamble. I warned of the likelihood of total loss. But good income earner, money can earn again, just a pity did not capitalise on advantage. Worth the risk. Photocopy is already 10c so 6c for the paper is worth it. Link to post Share on other sites More sharing options...
Throttle2 Supersonic March 1, 2017 Share March 1, 2017 (edited) Firm tied to Singapore's Ezra Holdings files for Chapter 11 in US http://www.cnbc.com/2017/02/28/firm-tied-to-singapores-ezra-holdings-files-for-chapter-11-in-us.html Yup, its coming..... Offshore marine sector really bad. The Lee family of Ezra has been liquidating their assets over the past few years.... And also fighting divorce case. And DBS CEO still say , no problem, the worst is over? Got shitload of shit to write off in the coming months. KNN, these CEos really JLB. Instead of apologising and cleaning up, act cool and talk big. Edited March 1, 2017 by Throttle2 Link to post Share on other sites More sharing options...
Blueray Hypersonic March 1, 2017 Share March 1, 2017 Yup, its coming..... Offshore marine sector really bad. The Lee family of Ezra has been liquidating their assets over the past few years.... And also fighting divorce case. And DBS CEO still say , no problem, the worst is over? Got shitload of shit to write off in the coming months. KNN, these CEos really JLB. Instead of apologising and cleaning up, act cool and talk big. Cos its not his money mah, of course provision and bad debt is no problem. Unlike Wee Cho Yaw, who runs a tighter ship. ↡ Advertisement Link to post Share on other sites More sharing options...
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