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When analyst said sell mean buy lah....
FrancisLim ( Date: 28-Mar-2023 09:08) Posted:
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Interested party transactions, especially to take over equities in start-up are not good governance.
Co has investment portfolio, it could be direct investor, instead of buying over from interested parties.
The interested party has the " first bite of the cherry" . Suspicions will always be there, they are offloading and especially so, giving the Co' s history where it IPO based on its oil exploration technology, whcih failed to take off after much hypes. The hypes helped the co to raise IPO, private placements and also as funding for equity invetments.
The Co' s accumulated losses in the balance sheet ofUS$85.6 million, means that cumulatively it was loss making, and whatever remuneration, performance options (loss making performance), were mere living off its capital.
DYODD. This is a speculative share, based on its records and performance to date, nothing to crow about. Like all speculative plays, it will rely on hypes to push the share up, and then the BB will unload.
DYODD. This is a speculative share, based on its records and performance to date, nothing to crow about. Like all speculative plays, it will rely on hypes to push the share up, and then the BB will unload.
Already said a lot has been discounted already from $0.30 to $0.12. What more you want?
Be objective not subjective from technical view point
Be objective not subjective from technical view point
Stocky901 ( Date: 28-Mar-2023 09:03) Posted:
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0.13 today?
SmallSmall ( Date: 28-Mar-2023 08:58) Posted:
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$0.124 now opening :)
andy_thong ( Date: 27-Mar-2023 18:07) Posted:
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I' ve no idea where you get your target prices from... Is it is because 12.5c is a nice round number like $12.50 or $1250?
SmallSmall ( Date: 27-Mar-2023 11:56) Posted:
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The REX Mgt should be more interactive, they should be more forthcoming with their company and be clear of what their goals and objectives for their company.
I think now they at least come out from their shell with answers.
I think now they at least come out from their shell with answers.
Now that management fired off reply, let' s see the Morgan guy comes back with a rejoiner. If they can back n forth their argument it wud be good. Keeps the management on its toes.
If can hit $0.125 later would likely rebound back to $0.13 first target
Agreed. At least Rex still has potential to pump more oil. Also potential take over target but hopefully not at this price.
Must consider Rex still trying to pay the 2nd dividend.
Must consider Rex still trying to pay the 2nd dividend.
MBULLISH ( Date: 27-Mar-2023 11:09) Posted:
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Actually not just this company
There are many companies in Sgx that pay the ceo and directors despite year after year or losses
Go google n search those loss making companies and you will know
Who cares about shareholders when ownself pay $25000-$35000 monthly salary with perks isn?t it?
Think about it
Listing is the fastest way to get richer
There are many companies in Sgx that pay the ceo and directors despite year after year or losses
Go google n search those loss making companies and you will know
Who cares about shareholders when ownself pay $25000-$35000 monthly salary with perks isn?t it?
Think about it
Listing is the fastest way to get richer
ahberngh ( Date: 27-Mar-2023 10:20) Posted:
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The way it is going down shows that management is really not interested in driving value in the stock counter. So much cash in kitty. Perhaps after price got so low make a general offer and then take it provate and reap the free cash.
I already sold off substantial amount, but still holding some.
Not sure what to do yet.
But what I will not do is buy in again.
From what I can see, I probably will not prosper with this
company, seems only mangement will prosper from what has been happening so far, through
their salaries (high???) and IPTs.
Not sure what to do yet.
But what I will not do is buy in again.
From what I can see, I probably will not prosper with this
company, seems only mangement will prosper from what has been happening so far, through
their salaries (high???) and IPTs.
I mean SSH should walk the talk....
TraderBen ( Date: 27-Mar-2023 10:16) Posted:
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Hit new low 0.118 this morning. 🫣
Seems to me company has little interest in increasing shareholder value,
not interested to use company cash to support share price.
Maybe conserve cash for IPTs???
For this company with this management. I think share price cheap will get cheaper.
With their high costs and declining reserves, 100 oil price can hardly make money,
can they make good profits with oil price in the 70s?
not interested to use company cash to support share price.
Maybe conserve cash for IPTs???
For this company with this management. I think share price cheap will get cheaper.
With their high costs and declining reserves, 100 oil price can hardly make money,
can they make good profits with oil price in the 70s?
andy_thong ( Date: 26-Mar-2023 21:13) Posted:
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Rex Management, it is time to WALK THE TALK and not just talk! Last April, during the corporate presentation, REX was shown undervalued when shareprice was around $0.3x and now undervalued at $0.1x. Action speak louder than words.
FrancisLim ( Date: 27-Mar-2023 08:41) Posted:
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so many good examples of undervalued stocks.. GEO energy, Hong fok, Goldenenergy, boustead
kt3152 ( Date: 27-Mar-2023 10:03) Posted:
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Agreed. RH is better...
If SSH said undervalued then should buy leh...
wehuattogether88 ( Date: 27-Mar-2023 09:55) Posted:
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Highly likely.
But I still think RH is a better share stock than REX.
But I still think RH is a better share stock than REX.
kt3152 ( Date: 27-Mar-2023 09:22) Posted:
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