EZRA HOLDINGS - An offshore/ marine multi bagger

With TRIYARDS , EMAS offshore under its belt ..

And trading way below NAV : $1.3144

And P/E : < 10

IT IS A STEAL

E (April 16): Ezra Holdings ( Financial Dashboard) has clinched US$55 million ($74.9 million) worth of new contracts for subsea services.

The scope of work includes removing pipelines and structures and installing buoys, as well as carrying out inspection, maintenance and repair work.

The company has started work on some of these projects and expects to begin the rest from 3Q2015.

The contracts were awarded by oil majors, national oil companies and independent oil producers, according to Ezra, which provides construction, subsea, chartering and drilling services to the offshore oil and gas industry.

The company's order backlog is about US$2.3 billion.

Ezra has secured US$550 million worth of projects so far this year.

CRUDE OIL SURGED TO 2015 HIGH

CRUDE OIL MAKING A SPECTACULAR RECOVERY !!!!!!!

BRENT CRUDE SURGING TO $66

WTI CRUDE SURGING TO $59.12

DNB Bank ASA has become a subst. shareholder of EZRA. A major bank becomes a 7% shareholder? This is extraordinary.

infopub.sgx.com/FileOpen/_eFORM3V2%20-%2...cement&FileID=370931

EZRA's subsea business was the main core. Going fwd, its revenue will not be recognised. There will instead be equity accounting of the net profit. Chiyoda, hopefully, can make the profit numbers better.