Ezra    Last:0.011   -

Ezra

I already checked my CDP in the morning and afternoon, did not get bonus share,somthing wrong.

 

Yup. I got mine too. But I don't intend to sell at this moment.

 Based on my TA, this counter is just at the start of the uptrend although it may not be accurate because this uptrend may be caused by the share buyback.

So stay sideline and observe for a while first.

 

Hi 01101749, bonus shs already credited this morning to yr CDP a/c 9am.  You can start selling them.  Maybe that's the reason why shs price fell today for this counter - excess supply

 

cashiertan ,Pinnacle ,  hi have u got your bonus share yet. or any idea when bonus share will be credited?

 

just sell 1st. come back later..

 

Ezra Holdings Limited refers to its announcement on 23 October 2007 and wishes to announce that the Bonus Shares were listed and quoted on the Main Board of the Singapore Exchange Securities Trading Limited today at 9.00 a.m..

 

Overbought is because of the share buyback, hence no immediate risk of downtrend.
Rather, the buyback will stabilise the price.

However, do agree to take profit whenever possible as market is still volatile.

 

i will keep out 1st. overbought at the moment. selling pressure is strong. even if rise, take profit.

 

Singapore Exchange	Overseas Exchange
1	Date of Purchases	14-11-2007
2	Total number of shares purchased	567000
3a	Price paid per share#; or	Currency : S$   Amount : 3.792	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 2154904.54	Currency : [Select Currency]   Amount :

By way of market acquisition		By way of off-market acquisition on equal access scheme		Total
	No.	% 1	No.	%	No.	%
Cummulative no. of shares purchased to-date 2	4473000	1.53			4473000	1.53

 

	Singapore Exchange	Overseas Exchange
1	Date of Purchases	13-11-2007
2	Total number of shares purchased	595000
3a	Price paid per share#; or	Currency : S$   Amount : 3.6699	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 2188496.50	Currency : [Select Currency]   Amount :

By way of market acquisition		By way of off-market acquisition on equal access scheme		Total
	No.	% 1	No.	%	No.	%
Cummulative no. of shares purchased to-date 2	3906000	1.33			3906000	1.33

 

Singapore Exchange	Overseas Exchange
1	Date of Purchases	12-11-2007
2	Total number of shares purchased	500000
3a	Price paid per share#; or	Currency : S$   Amount : 3.4654	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :

 

By way of market acquisition		By way of off-market acquisition on equal access scheme		Total
	No.	% 1	No.	%	No.	%
Cummulative no. of shares purchased to-date 2	3311000	1.13			3311000	1.13

 

i dun think ezra board is so dumb, usually share buy back to treasury is becoz they foresee a high potential in rise of the shares value thus buyin when it is cheaper and it allows them to use as collateral for loans next time.

2nd, to remove the free excess float aka cornering the shares. thus px will not dip as much. as in raffles education case

3rd, the main shareholders wanna cash out from the co. and this is the legal way to push up the px and sell at higher px. quite dumb but it make sense when the Fundemental of the co changes.

4th, nothing to do just buy back.

and lots of other innovative reason.

 

Share buyback is a good way to give value back to shareholder.

However, I alway feel that its also because the company has lot of cash and do not know where to invest or expand, hence, the no-brainer is to do share buyback.

 

Dear all, I posted this in CNA forum as well:-

Ezra bought back a total of 2.811 million shares over 2 days (today and nov 7) for a consideration of S$9.364 million, thus reducing the issued share capital. The shares will be held as treasury shares.

Assuming the company has excess cash, they should continue to buy-back shares to enhance EPS for shareholders.

I see this as a positive move for 2 reasons:-

1) Management will only buy back shares if they have enough cash for operations and fleet expansion. This implies that Management are holding on to sufficient cash reserves and can deploy some for share buy-back.

2) Enhanced EPS - As mentioned, lowering the outstanding number of shares will only increase EPS fo shareholders, ceteris paribus.

 

see if it's sustainable on Mon.

 

Today's price surge may due to share buyback at high price.

	Singapore Exchange	Overseas Exchange
1	Date of Purchases	09-11-2007
2	Total number of shares purchased	1003000
3a	Price paid per share#; or	Currency : S$   Amount : 3.3985	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 3415993.84	Currency : [Select Currency]   Amount :

	Singapore Exchange	Overseas Exchange
1	Date of Purchases	07-11-2007
2	Total number of shares purchased	1808000
3a	Price paid per share#; or	Currency : S$   Amount : 3.2831	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : [Select Currency]   Amount : 5948078.02	Currency : [Select Currency]   Amount

 

Err... it's not 100% gain (though I hope it was).  Share price was slashed by half.  So back to square one.  Same $$ amount, more lots

 

Thanks Pinnacle,

Wow!! 100% gain immediately.... Sad that I did'nt notice this counter earlier...

 

yes. Ezra performed very well in a down market. Star of the day.
I stay vested here.

limhpp, the bonus share 1 for 1 means if you holding 10 lots before XB, you will be credited 10 lots of bonus share on later date.

 

Can anyone explain what is this BONUS : OFFER OF 1 FOR 1 means? Thanks