Rex Intl    Last:0.072    -0.002

The next chapter

any chance of tech rebound today? today from 180.. is about 30% alrdy

 

https://oilprice.com/Latest-Energy-News/World-News/Pierre-Andurand-Oil-Prices-Will-Hit-140-This-Year.html How the price moves depends a lot on sentiments. Anybody can just come up with a report. It depends on who you believe more

 

my bad... sek43.2m (usd4.12m)

moneynoenough      ( Date: 21-Mar-2023 18:47) Posted: ratz... a tech startup funding another 2 tech startups.. 2014 placement funds is all used up now.. & for the startups- usd3m more to go into xer if milestones met. usd43.2m to moroxite t for research...  price movement like this means new placement could b round the corner...? ouch #$%@ moneynoenough      ( Date: 21-Mar-2023 12:37) Posted: ratz... uobkh is woke t- rex pr has failed to impress whether the drones, med is complementing the core biz, n if so.. how?    as most have come to conclude these r some pet projects that the inner circle kids with carefree ah kong $ have fun with, mgt  really nids to mature up event horizon is now near...

 

Shareholders held through UOBKH

Notes:

(1)  The 452,020,422 shares are held through UOB Kay Hian Pte Ltd.
(2)  Cresta Group Ltd owns 50% of Limea Ltd. and is deemed interested in 452,020,422 shares held by Limea Ltd.
(3)  Dr Karl Lidgren, through Cresta Group Ltd, owns 50% of Limea Ltd. and is deemed interested in 452,020,422 shares held by Limea Ltd.
(4)  Mr Hans Lidgren owns 50% of Limea Ltd. and is deemed interested in 452,020,422 shares held by Limea Ltd.
(5)  The 78,095,538 shares are held through UOB Kay Hian Pte Ltd.
(6)  Mr Svein Kjellesvik owns 100% of Bevoy Investment Ltd and is deemed interested in the 78,095,538 shares held by Bevoy Investment Ltd.

NEWCOW      ( Date: 21-Mar-2023 17:30) Posted:   Largest Shareholders As At 14 March 2022   NAME OF SHAREHOLDER % OF SHARES 1 UOB KAY HIAN PTE LTD 44.27 2 DBS NOMINEES PTE LTD 12.03 3 HSBC (SINGAPORE) NOMINEES PTE LTD 3.69 4 CITIBANK NOMINEES SINGAPORE PTE LTD 3.43

 

ratz... a tech startup funding another 2 tech startups..

2014 placement funds is all used up now.. & for the startups- usd3m more to go into xer if milestones met. usd43.2m to moroxite t for research... 

price movement like this means new placement could b round the corner...? ouch #$%@

moneynoenough      ( Date: 21-Mar-2023 12:37) Posted: ratz... uobkh is woke t- rex pr has failed to impress whether the drones, med is complementing the core biz, n if so.. how?    as most have come to conclude these r some pet projects that the inner circle kids with carefree ah kong $ have fun with, mgt  really nids to mature up event horizon is now near...  moneynoenough      ( Date: 21-Feb-2023 17:31) Posted: rex going the t-rex way...? extinction @ 0.0x...

 

this are the figures from last year, hence we wouldnt know for sure whether this 44 % still remains the same or not, maybe all run road liao b4 uob came up with the daunting downgrade of Rex.

 

NEWCOW      ( Date: 21-Mar-2023 17:30) Posted:   Largest Shareholders As At 14 March 2022   NAME OF SHAREHOLDER % OF SHARES 1 UOB KAY HIAN PTE LTD 44.27 2 DBS NOMINEES PTE LTD 12.03 3 HSBC (SINGAPORE) NOMINEES PTE LTD 3.69 4 CITIBANK NOMINEES SINGAPORE PTE LTD 3.43

 

the 44 % kena scre*wed big time by the custodian as these represent nominees account.

NEWCOW      ( Date: 21-Mar-2023 17:30) Posted:   Largest Shareholders As At 14 March 2022   NAME OF SHAREHOLDER % OF SHARES 1 UOB KAY HIAN PTE LTD 44.27 2 DBS NOMINEES PTE LTD 12.03 3 HSBC (SINGAPORE) NOMINEES PTE LTD 3.69 4 CITIBANK NOMINEES SINGAPORE PTE LTD 3.43

 

 

There are many methods to study company performance. UOB KayHian moved away from  discounted cash flow methodology to  an asset-based valuation methodology, and downgrade Rex target price from $0.45 to just $0.10. 

 

Aiyah, most of these analysts and brokers have ulterior motives one lah.

Although many people (me included) think Rex management need to up

their game, nav (and therefore TP) cannot sink so much so fast.

These people arbitrarily anyhow up to them to say.

If one follows them, you will lose your shirt.

des_khor      ( Date: 21-Mar-2023 16:28) Posted: All these market fortune teller just pluck any number from sky ? TP change so fast ?

 

Support level now

 

All these market fortune teller just pluck any number from sky ? TP change so fast ?

 

By UOB KayHian:

VALUATION/RECOMMENDATION &bull Downgrade to a SELL rating with a lower target price of S$0.10 (previously S$0.45). Without decent visibility on the company&rsquo s oil production, we have elected to move away from a discounted cash flow methodology that we traditionally use to value upstream oil companies, and towards an asset-based valuation methodology instead as we have limited confidence in REX&rsquo s ability to produce its oil consistently and thus its earnings. As a result, our new target price is based on a target 0.5x P/B multiple as we mark down the company&rsquo s valuation due to its inconsistent oil production and IPT-related corporate governance issues which, in our view, detracts from the company&rsquo s oil assets which could generate decent cash flow. REX has a net cash position of S$0.025 per share which represents nearly one-fifth of the company&rsquo s current share price. In addition, REX currently trades on an EV/boe of US$9.67 per barrel which appears attractive relative to current oil prices...

 

I think the price recovery for REX will be fast and fierce, as i said, can nimble a bit, but not for contra.

 

Rex mgt better bucked up big time! No point announcing qualified person report.. Do something more practical to arrest the panic...!   

 

If no share buyback means something is not well. Another Noble in the making?

NEWCOW      ( Date: 21-Mar-2023 16:10) Posted: Still under selling pressure....the target based is $0.10 anyway. Rex management keep silent......did not provide the outlook of company direction...

 

Still under selling pressure....the target based is $0.10 anyway.
Rex management keep silent......did not provide the outlook of company direction...

 

keep on selling down.. what a joke..

 

At the rate it is going, will be a penny stock by end of the week. What a joke

ahberngh      ( Date: 21-Mar-2023 15:29) Posted: My gut feeling tells me today may close in the low 12' s or 12c. Shorties are likely to push hard while the going is good, sigh.

 

My gut feeling tells me today may close in the low 12' s or 12c.

Shorties are likely to push hard while the going is good, sigh.