I’ve been holding on to Ezra Holdings Limited counter since August 2010. Over the period, they’ve made a disappointing result announcement, gave out a pathetic $0.01 dividend and announced a 1 for 5 rights offer.

This has definitely been an underperforming counter for me and even recently, it doesn’t seem to match up to the market as well. The oil & gas industry big boys have been doing well but Ezra seems to have stagnated since June.

Factoring in exercising of the rights offer and pocketing the $0.01 dividend, we would have gotten into Ezra at a price of $1.72. I do not believe it’s currently a stock worth holding anymore. It would be better to cash out and look for other investment opportunities.

Sell Ezra @ $1.83