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Latest Forum Topics / Rex Intl    Last:0.139 --  Post Reply
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ahberngh
Master
27-Mar-2023 10:20     
 
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 Alert Admin 		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?

andy_thong      ( Date: 26-Mar-2023 21:13) Posted:

They have a share buyback in place right? Why didn' t they activate it last week after the UOBKH " SELL" report which then obviously opened the can of worms, i.e. the open letter in BT and then BT' s Anita Gabriel' s piece on Rex... Now one week later they respond? Jokers lah... It' s undervalued for a reason. Sometimes if something is cheap, doesn' t mean you have to buy it!

ysh2006      ( Date: 26-Mar-2023 13:44) Posted:

Company boss reply said less than 3% investment don't meed announcement lah, CEO think Rex is under balue might do something soon ?
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JanN@70
Member
27-Mar-2023 10:17     
 
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 Alert Admin 		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:

The 2022 financial statements, balance sheet shows accumulated losses of USD85.6 million.

In the Co' s reply to Morgan' s open letter:

" Lastly, one point we can concur with Mr Morgan is that we are all interested in a higher share price and we believe the Company to be undervalued. "

Everyone is interested, but the fact is there - accumulated losses of USD85.6 million
Monthly oil production, even with this reply that it is seeing 9,000 barrels per day, still fall short of the past Oman' s production of 12,000 barrels per day or at heigh, probably 14,000 barrels.   

Morgan was not unprofessiional or condescending, when oil prices were at peak, production volume fell drastically with long shutdown.  Costs increased - explorations, impairment and interest expenses.

Yet, the BOD and the management, as pointed out by the forum contributor, remunerated themselves well.

UOBKH in its downgrade of the share price to 10 cents, is professiional.


 

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TraderBen
Supreme
27-Mar-2023 10:16     
 
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 Alert Admin 		so many good examples of undervalued stocks.. GEO energy, Hong fok, Goldenenergy, boustead

kt3152      ( Date: 27-Mar-2023 10:03) Posted:

Agreed. RH is better... If SSH said undervalued then should buy leh...

wehuattogether88      ( Date: 27-Mar-2023 09:55) Posted:

Highly likely.
But I still think RH is a better share stock than REX
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kt3152
Supreme
27-Mar-2023 10:03     
 
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 Alert Admin 		Agreed. RH is better... If SSH said undervalued then should buy leh...

wehuattogether88      ( Date: 27-Mar-2023 09:55) Posted:

Highly likely.
But I still think RH is a better share stock than REX.

kt3152      ( Date: 27-Mar-2023 09:22) Posted:

Likely BB left hand to right hand to scare retail to sell 118...just my guess...
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wehuattogether88
Supreme
27-Mar-2023 09:55     
 
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 Alert Admin 		Highly likely.
But I still think RH is a better share stock than REX.

kt3152      ( Date: 27-Mar-2023 09:22) Posted:

Likely BB left hand to right hand to scare retail to sell 118...just my guess....

wehuattogether88      ( Date: 27-Mar-2023 09:06) Posted:

buy Up like no road block.
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kt3152
Supreme
27-Mar-2023 09:22     
 
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 Alert Admin 		Likely BB left hand to right hand to scare retail to sell 118...just my guess....

wehuattogether88      ( Date: 27-Mar-2023 09:06) Posted:

buy Up like no road block.
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SmallSmall
Supreme
27-Mar-2023 09:17     
 
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 Alert Admin 		Sell on rumours buy on facts.
Time to rebound :)
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TraderBen
Supreme
27-Mar-2023 09:07     
 
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 Alert Admin 		one gup.. 5m shares gone!!
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wehuattogether88
Supreme
27-Mar-2023 09:06     
 
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 Alert Admin 		buy Up like no road block.
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TraderBen
Supreme
27-Mar-2023 09:02     
 
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 Alert Admin 		huge roadlock at 120..
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FrancisLim
Elite
27-Mar-2023 08:41     
 
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 Alert Admin 		The 2022 financial statements, balance sheet shows accumulated losses of USD85.6 million.

In the Co' s reply to Morgan' s open letter:

" Lastly, one point we can concur with Mr Morgan is that we are all interested in a higher share price and we believe the Company to be undervalued. "

Everyone is interested, but the fact is there - accumulated losses of USD85.6 million
Monthly oil production, even with this reply that it is seeing 9,000 barrels per day, still fall short of the past Oman' s production of 12,000 barrels per day or at heigh, probably 14,000 barrels.   

Morgan was not unprofessiional or condescending, when oil prices were at peak, production volume fell drastically with long shutdown.  Costs increased - explorations, impairment and interest expenses.

Yet, the BOD and the management, as pointed out by the forum contributor, remunerated themselves well.

UOBKH in its downgrade of the share price to 10 cents, is professiional.


 
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moneynoenough
Senior
27-Mar-2023 00:51     
 
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Yells: "ikan bilis "
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 Alert Admin 		ratz... ah dan comes out all gun blazing and rambo mode...

sgx announcement starts with this sentence, and bt left it out... -- " ..We regret that a letter containing factual errors and written in a condescending and unprofessional manner was published in the reputed Business Times.."

baffling y ah dan takes such a combative stance..

is the right questions asked & the right to question the coy as vested party.

no one is in disagreement to divestify. isnt greener energy projects or startups more core to its existing biz than drones & meds? not to mention meds biz usually takes decades to fruition excluding during/in a pandemic crisis.

 

moneynoenough      ( Date: 25-Mar-2023 19:08) Posted:

all on the bola coy shd have responded to this wk allegations by now..  really tone deaf.. something very wrong @ board, mgt level..

moneynoenough      ( Date: 23-Mar-2023 17:54) Posted:

george morgan cfa is woke...

more nids to awake to these folly pet projects!

ratz... the mgt still very quiet aft such a noisy wk in the public domain... tone deaf... or respond only in swedish media... or ... total bo chap..?
 
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FrancisLim
Elite
26-Mar-2023 22:08     
 
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 Alert Admin 		UOBKH 21 March 2023

" Despite being an oil producer, REX& rsquo s net profit does not appear to have any correlation to the oil price as shown in the chart on RHS. We calculate that the correlation of REX& rsquo s net profit to the oil price at 0.07 and thus investors looking for an & ldquo oil price play& rdquo should look elsewhere.

In addition, the technology behind the company& rsquo s Rex Virtual Drilling does not appear to have added any shareholder value since the company& rsquo s IPO in 2013 at S$0.50. Over the 2014-22 period, the company recorded cumulative net losses of US$72m, with four out of the nine years being profitable. & bull

andy_thong      ( Date: 26-Mar-2023 21:07) Posted:

Very successful in raising money and spending money - pity they left out the " making money" part... haha!

FrancisLim      ( Date: 26-Mar-2023 12:38) Posted:

Do a search and these are the IPO and private placements, excluding placing for strategic investments.   

 
6-Nov-13 Placement 70millon at0.755 70000000 0.755 52,850,000
         
17-Sep-14 Placement 168million 0.57 168000000 0.57 95,760,000
         
         
31-Jul-13 ipo 142500000 0.5 71,250,000
         
         
      sgd
  		219,860,000


Bond issuance  June 2021  US58 million

Excluding shares issued for strategic investments.

Co was very successful in its IPO and prrivate placements.   


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desmodeus
Veteran
26-Mar-2023 21:23     
 
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 Alert Admin 		i like undervalued stockheart
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tccroy
Elite
26-Mar-2023 21:22     
 
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 Alert Admin 		You are right. When UOB says sell, you must buy because it they are waiting at the lower end to grab

TraderBen      ( Date: 26-Mar-2023 13:27) Posted:

Management doing something alrdy.. clarification at this point of time is very much appreciated. But how wil the market react? I somehow think UOBHK wants to buy low and hence issued the sell call. Isn?t it always the case with trading houses ANAL ysts???
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andy_thong
Member
26-Mar-2023 21:13     
 
andy_thong About Contact  Quote this Post! Style: Fundamental   Mood: peace
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 Alert Admin 		They have a share buyback in place right? Why didn' t they activate it last week after the UOBKH " SELL" report which then obviously opened the can of worms, i.e. the open letter in BT and then BT' s Anita Gabriel' s piece on Rex... Now one week later they respond? Jokers lah... It' s undervalued for a reason. Sometimes if something is cheap, doesn' t mean you have to buy it!

ysh2006      ( Date: 26-Mar-2023 13:44) Posted:

Company boss reply said less than 3% investment don't meed announcement lah, CEO think Rex is under balue might do something soon ?
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andy_thong
Member
26-Mar-2023 21:07     
 
andy_thong About Contact  Quote this Post! Style: Fundamental   Mood: peace
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 Alert Admin 		Very successful in raising money and spending money - pity they left out the " making money" part... haha!

FrancisLim      ( Date: 26-Mar-2023 12:38) Posted:

Do a search and these are the IPO and private placements, excluding placing for strategic investments.   

 
6-Nov-13 Placement 70millon at0.755 70000000 0.755 52,850,000
         
17-Sep-14 Placement 168million 0.57 168000000 0.57 95,760,000
         
         
31-Jul-13 ipo 142500000 0.5 71,250,000
         
         
      sgd
  		219,860,000


Bond issuance  June 2021  US58 million

Excluding shares issued for strategic investments.

Co was very successful in its IPO and prrivate placements.   

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ysh2006
Supreme
26-Mar-2023 13:44     
 
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 Alert Admin 		Company boss reply said less than 3% investment don't meed announcement lah, CEO think Rex is under balue might do something soon ?
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MBULLISH
Elite
26-Mar-2023 13:32     
 
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 Alert Admin 		May go go 5 cent in 2019
If can?t hold, May end up suspended
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TraderBen
Supreme
26-Mar-2023 13:27     
 
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 Alert Admin 		Management doing something alrdy.. clarification at this point of time is very much appreciated. But how wil the market react? I somehow think UOBHK wants to buy low and hence issued the sell call. Isn?t it always the case with trading houses ANAL ysts???
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