11 January 2013

Singapore Shares Market Daily Update - 11 January 2013

Shares in Focus: Ezra, Ocean Sky, STX OSV, Transcu, 

Ezra - EOCL announced 1QFY2013 result. Revenue dropped 83% compared to 1QFY2012. EPS was 0.67US Cent compared to 7.64 US Cent a year ago.

Ocean Sky - The company announced sale of property at 33rd Floor Duplex Flat D of Tower V, The Water Front, Hong Kong with the price at USD5.2 Million. The purpose of the selling is to allow the group to reduce debt level as well as working capital requirements.

STX OSV - The group announced on 11 January 2013 that Tidewater Inc. (“Tidewater”) has acquired contracts for three Platform Supply Vessels (PSVs) under construction at STX OSV in Norway. STX OSV had originally secured the contracts for the design and construction of three vessels for STX Pan Ocean Co. Ltd. in 2010, and Tidewater has now entered into an assignment agreement with STX Pan Ocean to take over these contracts.

The first vessel in the series will be delivered  to Tidewater  during 1Q 2013. Deliveries of the next two vessels are scheduled for Q2 and Q3 2013. Mr. Roy Reite, Chief Executive Officer and Executive Director of STX OSV, said, “STX OSV has in the past delivered ten offshore vessels to Tidewater.  We are delighted to welcome Tidewater back  to us as a client, and we look forward  to cooperating with their team again.” The vessels are of STX OSV PSV 09 design, developed by STX OSV Design in Ålesund, Norway. The overall length of the vessels is 87.9 meters, with a beam of 19 meters. The hulls are built at STX OSV Tulcea in Romania. Two vessels will be delivered from STX OSV Søviknes, the third from STX OSV Aukra in Norway. Tidewater is a leading provider of larger Offshore Service Vessels to the global oil and gas industry. With a fleet of more than 300 vessels, Tidewater is the oldest, largest and most experienced provider of the marine support services for this vital industry. Tidewater has a global footprint, with over 90% of its fleet working internationally in more than 60 countries. With its large, new vessel fleet, global  footprint, leading safety performance, and over 50 years of experience providing marine support services, the company is serving customers who are operating in more remote, deeper and increasingly hostile environments in order to meet the world’s energy demands.

Transcu - The company announced that the issue and allotment of an aggregate of 79,499 ordinary shares in the capital of the Company, pursuant to the exercise of the 79,499 Warrants on 9 January 2013 at the exercise price of S$0.04 each. These new shares have been listed and quoted for trading on the Main Board of the Singapore Exchange Securities Trading Limited with effect from 9.00 a.m. on 11 January 2013.
Pursuant to the allotment and issue of the new shares, the total issued share capital of the Company has increased to 3,510,304,954 fully paid-up ordinary shares. The new shares will rank pari passu in all respects with and carry all rights similar to the existing issued shares in the Company. Warrant holders are reminded that the right to subscribe for new ordinary shares in the capital of the Company comprised in the Warrants has since expired at 5.00 p.m. on Wednesday, 9 January 2013



1 comment:

  1. Nice update buddy on Transcu - they've finally allotted 79,000 ordinary shares capital pursuant to the warrants. That's good news indeed!

    ReplyDelete

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