EZRA STOCK: BANKRUPTCY!

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EZRA has filed for bankruptcy in the US states yesterday (19 Mar 2017). This was the latest development following the trading halt in Ezra share last Wednesday. I am not too familiar with how bankruptcy of local stocks in Singapore will proceed and more importantly whether there will be a possibility shareholders of Ezra stock would get back their capital or even some monies. It seems to me even … [Read more...]

Oil and Gas Companies’ Credit Woes – Who’s Next?

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ASL, Ausgroup, Dyna-Mac, Ezion Ezra, Falcon, Keppel Corp, Kris Energy Mencast, Marco Polo Nam Cheong, Otto Marine, Pacific Radiance  Perisai Petroleum, SembMarine (Jurong shipyard), Swissco, Swiber Vallianz Source: UOB Oil and Gas sector Update. Disclaimer from UOB The information herein is given on a general basis without obligation and is strictly for information purposes … [Read more...]

Is now the right time to dive into Oil and Gas stocks? Let’s hear from market sentiments!

Oil price has climbed from a low of $30 per barrel early this year to $40 now. It is a more than 30% rise and share prices of Keppel Corp and Sembcorp have climbed in quite a similar fashion. So the questions really are: “Has oil price bottomed out? Is now the right time to dive into Oil and Gas shares? Bad sentiments – good time for entry? I was in Kuala Lumpur this week to visit … [Read more...]

Reasons why I sold off this stock

Ezra stock rallied another 7.8% today and it definitely seems that I have sold off my Ezra stock too early at $0.062 (see my post yesterday), compared to the closing price of $0.069. Well, though it is a fact that I have “lose out” on earning a six cents per share if I were to sell off the stock at $0.068 each, again I have to stress that this is “hindsight”, speaking from the wisdom of … [Read more...]

Tom K shares his insights on two Singapore stocks

Ezra stock advanced yet another 4.9% today after my sharing of this stock on 27 Feb 2016. Ezra stock closed at $0.064 and reached a high of $0.067 on an intra-day high. I sold off Ezra stock at $0.062 at its opening price, never mind that it was not the higher closing price or the highest intra-day price. As I also shared with readers, “Hindsight is cheap” when it comes to investing. If I did not … [Read more...]

This Singapore stock rebound as I have predicted

On 23 Feb 2016, I asked readers whether Ezra has bottomed out and is poised for a rebound (you can read the post here . I concluded the post by saying the best thing an investor should do when investing in a new stock position is to ask himself how confident he is in the stock. On Singapore Stocks Investing blog, there is a reason why I specifically discuss about certain stocks and the reason … [Read more...]

Has this Singapore stock bottomed out and poised for a rebound next?

A quick glance at the top volume Singapore stocks reveals that Ezra is the second, third top volume stock for today. At this time of writing, Ezra stock traded around 1.9% higher than yesterday’s closing price. Ezra has been in the top volume stocks from my observation for 19 February 2016, 22 February 2016 and today (23 February 2016), suggesting that investors or speculators may be interested in … [Read more...]

Be Careful if you Bond Leverage with Junk Bonds – the oil and gas case study

It is not fresh news that the oil and gas industry is in a slump due to a secular shift in oil prices. Firings and non-renewal is common. The recent interesting development was Marco Polo Marine refusing to take delivery of a SembCorp Marine oil rig stating that there are defects. There is a stream of announcement from the 2 companies with SembCorp intend to earn the money and deliver without … [Read more...]

Nam Cheong, Pacific Radiance, POSH, Swissco, Triyards, EMAS Spoke in Conference

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Asian Offshore Support Journal (AOSJ) Conference About two weeks ago, I attended a two-day conference in Singapore - Asian Offshore Support Journal (AOSJ). This is an event where industry people gather. To explain simply, the Offshore Support industry consists of companies that own, build or in one way or another related to the Offshore Support Vessels (OSV) supply chain. source: Asian … [Read more...]

Tom K on two Singapore stocks

In this post, I will discuss two stocks which were asked by two readers. I am sorry for replying readers in a non-timely manner. First of all, a Ezra shareholder ask what to do with Ezra shares and Ezra rights. Well, although I do not know the background of Ezra and Ezra rights, I will just relate my own experience. When a stock which I had issued rights, the first thing I know was to sell these … [Read more...]

Market News In 2 Minutes @ 2nd February 2015

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As stock investors (even though a small one), it is important to keep abreast with the latest financial and market news. Since I am in it, I thought it might be worthwhile to share it out with my readers too. Hence, I started this "Market News In 2 Minutes" series. Following are the "Market News In 2 Minutes" for today : Ezra Holdings (5DN) - Secured multiple contracts worth US$65 … [Read more...]

Market News In 2 Minutes @ 27th October 2014

As stock investors (even though a small one), it is important to keep abreast with the latest financial and market news. Since I am in it, I thought it might be worthwhile to share it out with my readers too. Hence, I started this "Market News In 2 Minutes" series. Following are the "Market News In 2 Minutes" for today : 1. Alliance Mineral Assets (40F) - Has obtained the mining approval … [Read more...]

Market News In 2 Minutes @ 13th October 2014

As stock investors (even though a small one), it is important to keep abreast with the latest financial and market news. Since I am in it, I thought it might be worthwhile to share it out with my readers too. Hence, I started this "Market News In 2 Minutes" series. Following are the "Market News In 2 Minutes" for today : 1. Courts Asia (RE2) - Marked its entry in Indonesia via the opening … [Read more...]

Market News In 2 Minutes @ 5th August 2014

As stock investors (even though a small one), it is important to keep abreast with the latest financial and market news. Since I am in it, I thought it might be worthwhile to share it out with my readers too. Hence, I started this "Market News In 2 Minutes" series. Following are the "Market News In 2 Minutes" for today : 1. Ezra Holdings (5DN) - The contractor and provider of integrated … [Read more...]

Market News In 2 Minutes @ 11th July 2014

As stock investors (even though a small one), it is important to keep abreast with the latest financial and market news. Since I am in it, I thought it might be worthwhile to share it out with my readers too. Hence, I started this "Market News In 2 Minutes" series. Following are the "Market News In 2 Minutes" for today : 1. First Sponsor Group Ltd (FSGL), the developer of residential … [Read more...]

Market News In 2 Minutes @ 22nd May 2014

As stock investors (even though a small one), it is important to keep abreast with the latest financial and market news. Since I am in it, I thought it might be worthwhile to share it out with my readers too. Hence, I started this "Market News In 2 Minutes" series. Following are the "Market News In 2 Minutes" for today : 1. KrisEnergy (SK3) - Said on Wednesday that it plans to buy … [Read more...]

Stock Chart: Ezra!

  On Tuesday, Ezra re-tests the resistance at $0.895 and closed at $0.89 with HIGH volume of 3.77 million shares traded. Both RSI & MACD are bullish as RSI trend upwards. Important Resistance of Ezra: $0.895 Immediate Support of Ezra: $0.86 Currently prices are supported by the 20/50 days MA. Since 19/Jul, prices have been consolidating between the support at $0.825 and resistance at … [Read more...]

Stock Chart: Ezra!

  On Tuesday, Ezra re-tests the resistance at $1 and closed at $0.985 with normal volume of 4.91 million shares traded. Both RSI & MACD are flat as MACD lines converge closely together. Important Resistance of Ezra: $1 Immediate Support of Ezra: $0.95 Currently prices are resisted by the 20 days MA at $1 Since 16/Apr, prices have been consolidating between the support at $0.95 and … [Read more...]

Stock Chart: Ezra!

  On Thursday, Ezra re-tests the support at $1.055 and closed at $1.065 with HIGH volume of 9.74 million shares traded. Both RSI & MACD are bearish as RSI trend downwards. Important Resistance of Ezra: $1.12 Immediate Support of Ezra: $1.055 Currently prices are resisted by the 20/200 days MA at $1.12 Since 21/Feb, prices have been consolidating between the support at $1.055 and … [Read more...]