
Technics O& G dived to a net loss of $8.6m loss from $2.4m profit a year earlier as revenue sank 69% y/y to $7.7m due to the spin-off of Norr Offshore Group and unexplained drop in contributions from other units. The miserable results dragged FY13 to a net loss of $9.9m vs $20.2m profit in FY12. The group recorded a gross loss of $1.9m and other charges of $2.4m from bad debt write-offs in the 4Q. Net gearing was elevated to 0.5x from 0.3x in FY12
http://infopub.sgx.com/FileOpen/TOG_Profit_Warning_4th_Quarter_fullyear_30Sept2013.ashx?App=Announcement& FileID=258499
wah so surprise it is still above 80cents. 2nd continual quarter loss. shall be a penny stock soon.
No.1 stock to short sell on monday. Profit warning to net loss. game over
Check out this
http://misimpleinvest.blogspot.sg/
any advice or information for this counter? Thanks.
any info why the price came down to 0.865?
Technics Oil & Gas announced that it will place 10.7m shares to Eversendai Corporation Bhd at $1.05 per share, which is a 2% premium to yesterday’s average trading price.
Bucking the recent trend of placements at discounts, this indicates Eversendai’s confidence in Technics’ prospects and attractive valuation.   We maintain our Buy call with a lowered TP of $1.15.
Getting closer to 20%.With this placement, Eversendai will now own 40.3m shares in Technics Oil & Gas, bringing its stake up to 17.96% of the enlarged share capital. Eversendai now needs to purchase another 4.6m shares on the open market to begin equity accounting of their new associate and to likely acquire a board seat. 
  http://www.nextinsight.net/index.php/story-archive-mainmenu-60/916-2012/6264-technics-oil-nam-cheong-positive-developmentts
Is it time to look at this counter?
http://www.nextinsight.net/index.php/story-archive-mainmenu-60/916-2012/6175-yangzijiang-technics-oil--what-analysts-now-say
 
This counter look like coming to fly.
Next target 1.15
techoil got big dividend to support price plus the spinoff in taiwan to add to shareholders value..... dyodd
Ezion will catch up and surpass the $1 mark
tea444u ( Date: 10-Jul-2012 21:33) Posted:
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see the dollar   now... wow... slowly climbing   towards res announcement day think on 18th july
Wow, past my buy price, yes!! Go go go!
Can we see a dollar these few days??? onli 4 cents away now....think with cd announcemnet might propel further???
tonylim ( Date: 30-Jun-2012 10:32) Posted:
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yes!! go technics go!!
8 cents dividend coming in july res announcement.... hang on.....if u can.....
yeeen123 ( Date: 30-Jun-2012 08:28) Posted:
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phew finally i hear from like minded souls.... huat to us soon!!!
Very strong buy up at .93 and is poised to move towards a dollar soon once it announce an attractive divident. Pick up now or it will be too late
 
yeeen123 ( Date: 30-Jun-2012 08:28) Posted:
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me... though it is quite bullish now but hvn't reached my buy price (held for 1 yr with no dividend, grr...) 

tea444u ( Date: 28-Jun-2012 23:53) Posted:
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ANY technics shareholders here? except for me???