tag:blogger.com,1999:blog-28021668.post7356134730548538320..comments2023-10-12T21:12:41.408+08:00Comments on Value Investment - Musicwhiz's Journey: Ezra - Share Placement of 78 Million New SharesMusicwhizhttp://www.blogger.com/profile/10950754156386935254noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-28021668.post-48995373214747639272009-05-27T13:45:07.417+08:002009-05-27T13:45:07.417+08:00Hi MW
Just to share my 2 cents, any good manageme...Hi MW<br /><br />Just to share my 2 cents, any good management will think thrice about asking shareholders for more money. No matter what's the rationale. Rarely is there such a thing as a good rights issue.<br /><br />And comparing rights issue with a secondary offering (I'm not well-versed in this...), I think rights issue is the greater of the two evil.<br /><br />Usually rights issue allow the buyer to buy at a great discount to current price - causing a bigger dilution than if capital raising is done via 2nd offering.<br /><br />To me I think it's just forcing existing shareholders to cough up money, using the discount to entice them to do so.Jayhttps://www.blogger.com/profile/03292158817395898619noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-76323015926923264032009-05-25T13:56:46.800+08:002009-05-25T13:56:46.800+08:00Hello PKC,
Thanks a lot for the link ! Yes, there...Hello PKC,<br /><br />Thanks a lot for the link ! Yes, there might be such a possibility. Let's wait to find out.<br /><br />Cheers,<br />MusicwhizMusicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-77184785500365377872009-05-22T11:36:49.050+08:002009-05-22T11:36:49.050+08:00Another possibility is Ezra's subsidiary, EOC,...Another possibility is Ezra's subsidiary, EOC, had been selected by Premier Oil as the provider of FPSO vessel to their Vietnam oil project. However, EOC can't get the funding for the project because of their high gearing level. Premier had given them a few months to get the necessary fund. Hence through share placement, Ezra has lowered its own gearing level and would be able to be the guarantor for EOC to obtain the necessary fund. Visit below site for more info:<br /><br />http://www.iii.co.uk/investment/detail?code=cotn%3AOIL.L&display=discussion&action=detail&id=4534766PKChttps://www.blogger.com/profile/05253163214592950224noreply@blogger.com