Agreed with yr view fully.There is no change in potential however there are higher chances of px slipping down south instead.Notice CEO is back pedalling their words from their recent reports vs analysis reports.First time drilling using their so called " technology" likely to face hiccups.Just think if they are so confident abt their technology,they would have engaged private investors instead of seeking public listing to seek for public fund.If there are proven result for several drillings,imagine what price they can command during an IPO but they did not.This showed the mgt/ceo is also not 100% sure abt its potential. He cld be keeping something under this sleeve we never know. Maybe they did ask private investors but no one dare to take the risk as it still a unproven technology hence only option is to tap fund from the public.Drillings are bound to have hits and misses.Going forward how many missess can investors stomach?
Dont forget they are listed on second board of SGX where the company have no profit/revenue for the past 3 yrs.
ozone2002 ( Date: 26-Nov-2013 16:58) Posted:
DBS promoting this no revenue counter.. they promote Yoma @ 65x PE and now a revenue-less and profit-less counter Rex Int'l. Use common sense so as not to lose your dollars n cents.. gd luck..
No change in potential
?
through tie-up with Swiss firm could yield
complementary earnings stream in future Foray into oil well stimulation technology
?
drilling plans at existing assets are all on track Meanwhile, progress on new licence adds and
? Balance sheet fortified by share placement
?
reiterate BUY with adjusted TP of S$1.15 Thus, recent sell down seems unjustified
Another game-changing technology in hand?
investing US$20m for a 67% stake in Rexonic, which will own
a proprietary environmentally-friendly, high-power ultrasound
technology for commercial oil well stimulation developed by
Swiss partner Ogsonic AG. This technology is intended to
replace traditional chemical methods and has been shown to
increase oil production from 30% to 380%, both onshore and
offshore, according to management. This JV will target the oil
& gas production phase, and being complementary to Rex?s
existing offerings in the exploration phase, offers cross-sell
opportunities. Rexonic has already signed contracts with three
major NOCs and could contribute a recurrent earnings stream
within the next few years. Rex will be
Drill campaigns all on track.
Oman can be expected around end-December 2013, and the
second well around 40 days later. While the developments in
Oman are likely to be of much interest to the market, Rex is also
aiming to drill another 5-7 offshore wells in various areas in
2014, and looking to grow its portfolio from the current 15
licences to 30 licences over the next 18-24 months, potentially
providing a constant stream of newsflow and catalysts. Drill results from the first well in
Maintain BUY for 85% upside potential.
adjusted down to S$1.15, as we factor in a bigger share base
arising from the recent share placement, as well as
consideration shares issued to fund the acquisition of the
Rexonic stake and an additional stake in Rex Caribbean.
However, we believe the story for Rex remains intact, as
highlighted above, and the recent sell down thus presents a
good buying opportunity. Our TP for Rex is |
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He is chensing if I not wrong. LOL..
definitely a bro
spss1955 ( Date: 26-Nov-2013 22:42) Posted:
Bro, think starlene is a sis, not a bro. Hope I'm rite.
lglg666 ( Date: 26-Nov-2013 21:12) Posted:
| Hi bro Starlene, so is Rex now a safe bet to vest? |
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Hit 0.70 can consider run first, maybe half first, to each his own, shortists jialat liao
HVRRVH ( Date: 26-Nov-2013 23:08) Posted:
| Tomorrow if hit .7 I don't know to hold or run. Should I wait for Oman oils or run... Don't know ah mong can be trusted or not. Rex also included in Msci index but didn't mean a thing right? |
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Tomorrow if hit .7 I don't know to hold or run. Should I wait for Oman oils or run... Don't know ah mong can be trusted or not. Rex also included in Msci index but didn't mean a thing right?
Bro, think starlene is a sis, not a bro. Hope I'm rite.
lglg666 ( Date: 26-Nov-2013 21:12) Posted:
Hi bro Starlene, so is Rex now a safe bet to vest?
starlene ( Date: 26-Nov-2013 20:40) Posted:
REX INTERNATIONAL HOLDING LIMITED (the ?Company?) (Company Number: 201301242M) (Incorporated in the Republic of Singapore) RESTRUCTURING OF SHAREHOLDING ARRANGEMENTS WITH FRAM EXPLORATION ASA Unless otherwise defined, all capitalised terms used in this announcement shall bear the same meanings ascribed to them in the Company?s announcements dated 21 October 2013, 28 October 2013, 4 November 2013 and 15 November 2013 in relation to the restructuring of shareholding arrangements with Fram Exploration ASA (the ?Announcements?). The Board of Directors (the ?Board?) of the Company refers to the Announcements and would like to update that the Company and Fram had agreed to amend the number of New Fram Shares to be issued to the Company from 1,256,323 to 1,205,962 (?Amendment?). The New Fram Shares will be issued at approximately US$5.80 per New Fram Share. Subsequent to the Amendment, the Company is pleased to announce that the Company had on 20 November 2013, received 1,205,962 New Fram Shares, valued at USD 7 million and representing approximately 4.79% of the enlarged share capital of Fram, in exchange for Rex US?s 20 per cent direct interest in Fram?s Colorado and North Dakota concessions (?US Concessions?) and a cash payment of USD 4.51 million. The Company also had on 15 November 2013, issued and allotted 4,518,072 new Shares to Fram, in relation to the acquisition of an additional 12.18 per cent stake in Caribbean Rex. Pursuant to the fulfilment of the condition precedents in relation to the US Concessions and acquisition of an additional 12.18 per cent stake in Caribbean Rex, the Company, Rex US and Fram had on 20 November 2013, completed the aforementioned transactions (?Completion?). Following the Completion, the Company holds 27.86% of the issued share capital of Fram and no longer has any direct interest in the US Concessions. BY ORDER OF THE BOARD Dan Broström Executive Director and Chairman 26 November 2013 Rex International Holding Limited (the ?Company?) was listed on Catalist of the Singapore Exchange Securities Trading Limited (th
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I think shortist all lose big. So many pple short today...
Hi bro Starlene, so is Rex now a safe bet to vest?
starlene ( Date: 26-Nov-2013 20:40) Posted:
REX INTERNATIONAL HOLDING LIMITED (the ?Company?) (Company Number: 201301242M) (Incorporated in the Republic of Singapore) RESTRUCTURING OF SHAREHOLDING ARRANGEMENTS WITH FRAM EXPLORATION ASA Unless otherwise defined, all capitalised terms used in this announcement shall bear the same meanings ascribed to them in the Company?s announcements dated 21 October 2013, 28 October 2013, 4 November 2013 and 15 November 2013 in relation to the restructuring of shareholding arrangements with Fram Exploration ASA (the ?Announcements?). The Board of Directors (the ?Board?) of the Company refers to the Announcements and would like to update that the Company and Fram had agreed to amend the number of New Fram Shares to be issued to the Company from 1,256,323 to 1,205,962 (?Amendment?). The New Fram Shares will be issued at approximately US$5.80 per New Fram Share. Subsequent to the Amendment, the Company is pleased to announce that the Company had on 20 November 2013, received 1,205,962 New Fram Shares, valued at USD 7 million and representing approximately 4.79% of the enlarged share capital of Fram, in exchange for Rex US?s 20 per cent direct interest in Fram?s Colorado and North Dakota concessions (?US Concessions?) and a cash payment of USD 4.51 million. The Company also had on 15 November 2013, issued and allotted 4,518,072 new Shares to Fram, in relation to the acquisition of an additional 12.18 per cent stake in Caribbean Rex. Pursuant to the fulfilment of the condition precedents in relation to the US Concessions and acquisition of an additional 12.18 per cent stake in Caribbean Rex, the Company, Rex US and Fram had on 20 November 2013, completed the aforementioned transactions (?Completion?). Following the Completion, the Company holds 27.86% of the issued share capital of Fram and no longer has any direct interest in the US Concessions. BY ORDER OF THE BOARD Dan Broström Executive Director and Chairman 26 November 2013 Rex International Holding Limited (the ?Company?) was listed on Catalist of the Singapore Exchange Securities Trading Limited (th
Peter_Pan ( Date: 26-Nov-2013 19:42) Posted:
T-Rex broke uobkh's 0.65 resistance. Tomorrow's opening will be very interesting. Huat ah!
Shortists tengkor..! |
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REX INTERNATIONAL HOLDING LIMITED
(the ?Company?)
(Company Number: 201301242M)
(Incorporated in the Republic of Singapore)
RESTRUCTURING OF SHAREHOLDING ARRANGEMENTS WITH FRAM EXPLORATION ASA
Unless otherwise defined, all capitalised terms used in this announcement shall bear the same meanings
ascribed to them in the Company?s announcements dated 21 October 2013, 28 October 2013, 4 November
2013 and 15 November 2013 in relation to the restructuring of shareholding arrangements with Fram
Exploration ASA (the ?Announcements?).
The Board of Directors (the ?Board?) of the Company refers to the Announcements and would like to update
that the Company and Fram had agreed to amend the number of New Fram Shares to be issued to the
Company from 1,256,323 to 1,205,962 (?Amendment?). The New Fram Shares will be issued at
approximately US$5.80 per New Fram Share. Subsequent to the Amendment, the Company is pleased to announce that the Company had on
20 November 2013, received 1,205,962 New Fram Shares, valued at USD 7 million and representing
approximately 4.79% of the enlarged share capital of Fram, in exchange for Rex US?s 20 per cent direct
interest in Fram?s Colorado and North Dakota concessions (?US Concessions?) and a cash payment of
USD 4.51 million. The Company also had on 15 November 2013, issued and allotted 4,518,072 new Shares to Fram, in relation
to the acquisition of an additional 12.18 per cent stake in Caribbean Rex.
Pursuant to the fulfilment of the condition precedents in relation to the US Concessions and acquisition of an
additional 12.18 per cent stake in Caribbean Rex, the Company, Rex US and Fram had on 20 November 2013, completed the aforementioned transactions (?Completion?). Following the Completion, the Company holds 27.86% of the issued share capital of Fram and no longer has
any direct interest in the US Concessions.
BY ORDER OF THE BOARD
Dan Broström
Executive Director and Chairman
26 November 2013
Rex International Holding Limited (the ?Company?) was listed on Catalist of the Singapore Exchange Securities Trading Limited (th
Peter_Pan ( Date: 26-Nov-2013 19:42) Posted:
T-Rex broke uobkh's 0.65 resistance. Tomorrow's opening will be very interesting. Huat ah!
Shortists tengkor..! |
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T-Rex broke uobkh's 0.65 resistance. Tomorrow's opening will be very interesting. Huat ah!
Shortists tengkor..!
think shortists kena trapped
guoyanyunyan ( Date: 26-Nov-2013 10:52) Posted:
REX International: Bearish Setup (Short Sell)!
Author: stistocktrading | Publish date: Tue, 26 Nov 08:30
Bearish Signal: Bearish reversal candlestick at classical resistance!
Entry price: $0.63
Stop loss: $0.7
Profit target: $0.53
Reward to risk ratio: 1.4 |
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rex will be officially be part of msci small caps index from tomorrow onwards
I bet to differ. Looking back to 2007 when DBS Vickers promotes so much s-chips landed many people to Holland. Even so convincing to the extreme of their analysts making trips to China factories and return with fantastic datas of expansion, cash-rich, beautiful accounting figures of these companies. And now, what happen? Wonder why people are still so confident and naïve over these analysts. Probably, these are the lots that does not do homework and trade or invest blindly following the noises on the background.
Angel555 ( Date: 26-Nov-2013 17:12) Posted:
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yes rex good
company.. special. dbs Vickers not anyhow research firm |
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yes rex good
company.. special. dbs Vickers not anyhow research firm
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