Ezra

Ezra: 1-for-5 rights issue at issue price of $1.18 to raise ~$155m.

Ezra: rights issue and recent drawdown of term loan suggest sizeable M&A could be underway, which could be a catalyst for share price movement.
Ezra is not new to fund raising. Company issued of US$100m convertible bonds and $92m share placement not long ago. Proceeds were used to expand its OSV fleet, take strategic stakes in related offshore companies, and acquire a ship-set from the Ice Maiden project.

Street mostly rates as Buy, with targets ranging $2.50 -2.81.