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Ezion Holdings - Not 'doomsday' says MER
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Publish date: Thu, 20 Aug 2015, 06:02 PM
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Dropping 24% in four days, offshore and marine play Ezion Holdings is trading at its lowest in almost three years and, in Macquarie Equities Research's (MER) view, it is pricing in a 'doomsday' scenario. While Ezion's share price tumble has come on the back of poor second quarter earnings which missed street estimates and a weak oil environment, MER believes that the stock is now trading at extremely cheap levels and sees upside of almost 160%...
Here are excerpts from the MER report published on 14 August 2015 after Ezion reported their second quarter results:
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