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Rex Intl
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Joelton
Supreme |
14-Feb-2024 10:21
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Rex International guides for FY2023 net loss
The board of Rex International Holding 5WH - has announced that it expects to report a net loss for the FY2023 ended Dec 31, 2023, based on a preliminary review of its unaudited consolidated financial results.
In a profit guidance filing on Feb 13, the company says the losses are mainly due to non-cash items related to the impairment of goodwill, oil and gas properties, as well as the exploration and evaluation of assets.
The company is still in the process of finalising the impairment assessment over its oil and gas properties and its results for FY2023.
Rex International expects to release its unaudited consolidated financial results for FY2023 on or before Feb 29.
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wehuattogether88
Supreme |
14-Feb-2024 10:15
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you can carry on your plan and execute it.
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MtFaber
Senior |
14-Feb-2024 10:15
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Shorting now risks and rewards in not in your favour.
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Chansenghoe1971
Elite |
14-Feb-2024 10:11
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The same amount of money
I would use it to buy 50% more of Seatrium When we know Seatrium is now nearing bottom and with backing |
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Chansenghoe1971
Elite |
14-Feb-2024 10:02
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Nope.
How bad is bad? Nobody knows till results out Meantime Towards 11 series
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MtFaber
Senior |
14-Feb-2024 09:49
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Correct. Market is a discounting mechanism. Price could have already factored in the bad news
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wehuattogether88
Supreme |
14-Feb-2024 09:47
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then you can try short it down, see no use. But I think REX oversold, might see 14 series again soon.
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MtFaber
Senior |
14-Feb-2024 09:46
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It should be sell on rumour which was around 0.188 and buy on news.
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Chansenghoe1971
Elite |
14-Feb-2024 09:41
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Hope to see 11 series today | ||||
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Chansenghoe1971
Elite |
14-Feb-2024 09:40
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The tide now is downtrend
Don swim against it |
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Chansenghoe1971
Elite |
14-Feb-2024 09:36
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Should have another big round of dumping | ||||
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TeoMark
Veteran |
14-Feb-2024 09:35
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2023 is a good year for OG yet they are making loss. Don't think they will turn profit in years to come. | ||||
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Chansenghoe1971
Elite |
14-Feb-2024 09:35
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I don think so.
The selling will have to continue because the losses must be very huge. Saw the algorithms selling from 177 Some insiders must be behind
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sweet639
Veteran |
14-Feb-2024 09:33
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yes waiting at 0.10
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Chansenghoe1971
Elite |
14-Feb-2024 09:32
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Yeap
Join the shorts then
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MtFaber
Senior |
14-Feb-2024 09:31
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If more people sell due to fear then the shortist will be laughing because they can close their positions lower.
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wehuattogether88
Supreme |
14-Feb-2024 09:26
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what goes down too much must come UP and recovers. REX oversold. DYODD. |
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Chansenghoe1971
Elite |
14-Feb-2024 09:25
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I wish to see this under 10 | ||||
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TeoMark
Veteran |
14-Feb-2024 09:24
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no dividends insti funds all offload liao.
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Chansenghoe1971
Elite |
14-Feb-2024 09:23
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This is self consolation
The impairment must be huge leading to ordinary profit not able to cover Book value from 0.19 to who knows what. The underlying problem is why write off. Some crappy financial engineering going on? I give up Don buy
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