Rex Intl    Last:0.067    -0.004

The future a constructive discussion

Wish you luck, I am still waiting to take profit for my Lexus. 

Sharetrade8888      ( Date: 01-Jul-2022 14:13) Posted: We only started buying recently but manage to get some only. At present price onwards its giving good yields while waiting for next wave of run up which will be worth the wait imho. Huat ah Dyodd 😀 Still waiting for the corvette ev wonder if can get before 2025😊

 

recession is plumetting energy....

 

We only started buying recently but manage to get some only. At present price onwards its giving good yields while waiting for next wave of run up which will be worth the wait imho. Huat ah Dyodd 😀
Still waiting for the corvette ev wonder if can get before 2025😊

 

Shortists keep on spouting their talk, unfortunately, management is not helping.

Good opportunity to collect cheap.

 

Thanks for filling some of today's oda next few levels pls kamsia...keep it coming 👌

 

Good thing is we've been thru the days when stk px was under relentless attack when oil px was at negative when company hvnt even pump a dtop of oil lol still made alot of money from this stk time and time again As the px continue to get shorted and pricing more than a recession risk now plus paying us for our waiting time dont buy also cannot ah hahaha😉

 

Lol closing in 1.9% yield very nice...higer than even the highest paying 18mth fixed depo rate in town for mth of july...oolala😉

 

Lol today early no need to wait whole day...yum 😋
Thanks shorties n advance😀

 

Every 0.5cents saved can stretch the dollar buy more plus the 0.5cents dividends coming can reduce cost further oolala😀

 

With alot of uncertainties already in thee light and going into 2h of the yr hurricane season US gov replenish spr winter demand....aiyo hope oil px dont go to 150 too fast thks to shorties for the maoshanwang for the opportunity of daily collection
Early greetings Merry Christmas and a Happy New year..huat ah...hahaha

 

Continue with the wayang mai paiseh 再 来 maiden dividends now going abv 1.8% liao yum yum😄

 

With the real sell side thinning its gonna be very costly to find back those lost short scripts hor come to me at 65cents maybe i spare some back hahaha

 

Cheaperer Betterer Fasterer Yields Higherer 😄

 

Lol ghost of the past who missed the best tuns and left for another ship is starting to appear again....yum yum this maishanwang is going to get more meat with more shorties coming in the late stage game...
😉
Invest with awareness ok haha

 

Pick Maoshanwang must hv patience the blackthorn bittersweet taste ones are best. No wonder mgtmt dare to raise performance share scheme target to 45 and 60. Looks like huat to all longists going fwd. Dyodd 👌 😀

 

Better stay sideline until REX management improve their transparency and sincerity to release Profit guidance. As now estimated 1H22 will be lost for $20 to 25M. Awaiting REX to clarify.

 

Since Jun production halted for Oman....and based on roughly average Brave at 3000b/d. I appeal to REX to give profit guidance (All pls write together to IR as petition) of 1H22. It could be 90% clarity by now. Thanks.

 

Dear KM The Company takes its fiduciary responsibilities as a listed company seriously and has always strived to provide transparent and timely information on the Group?s strategy, business activities and financial performance via SGXNet and on the Company?s website. We wish to clarify that all along, information relating to Block 50 in Oman has to be cleared by the Ministry of Energy and Minerals of Oman before issuance. It is unfortunate that the clearance of information regarding the production and drilling campaign in Block 50 Oman took longer than usual, hence our press releases on 20 June and 23 June 2022. Unforeseen operational issues during production are not uncommon and the Group is making every effort to resolve these and will keep the market updated of progress. Thanks. Best regards, Investor Relations Department Rex International Holding Limited

 

Thanks for sharing. Cheers 🍻

Share7      ( Date: 25-Jun-2022 14:05) Posted: Thanks for sharing.  Rex frontloaded the replacement & maintenance of Yumna' s production infra. But I think Rex may still be profitable for 1H22. (Note: I wrote to Rex IR on this for guidance)  For 2H22, there are these announced developments:  1) Yumna production recovery to ...? 2) Brage' s 3 drilled wells in 2021 coming into production 2H. When? 3) Lime' s confirmed acquisition may be earnings accretive (announced with appointment of ABG Sundal Colliers asa)? 4) Lime' s drilling and Oman' s two well (Yumna east/Khufai and exploration well) any others...? There' s also macroeconomics and geopolitic factors.  DYODD.  stanip      ( Date: 25-Jun-2022 11:23) Posted: According to Rex report, the $80m costs were for Q1 and Q2. Here are the trends comparing to Q3 and Q4 last year. (not sure the M& A impact though...and how much will be capitalzied for future depreciation) The company didn' t bother to give any comment to give us comfort which in my view was not a good sign. 21Q3  $6.1m 21Q$  $12.4m 22Q1 Actual: $44.9m 22Q2 Forecast $35.3m Given the nature of these expenditures, it is highly unlikely it will go back to FY21 level in 22H2 so quickly. You can make your guess what those numbers will be like and do a projection for full year FY22....  In my view, Rex is facing serious challenges in 3 fronts this year:    P& L due to volume damages and one off costs, Cashflow due to dividend and all these new costs and shareholder confidence crisis. I held Rex for 2 years and had taken some damage control actions myself... sigh.

 

Thanks for sharing. 
Rex frontloaded the replacement & maintenance of Yumna' s production infra. But I think Rex may still be profitable for 1H22. (Note: I wrote to Rex IR on this for guidance) 
For 2H22, there are these announced developments: 
1) Yumna production recovery to ...?
2) Brage' s 3 drilled wells in 2021 coming into production 2H. When?
3) Lime' s confirmed acquisition may be earnings accretive (announced with appointment of ABG Sundal Colliers asa)?
4) Lime' s drilling and Oman' s two well (Yumna east/Khufai and exploration well)
any others...?
There' s also macroeconomics and geopolitic factors. 
DYODD. 

stanip      ( Date: 25-Jun-2022 11:23) Posted: According to Rex report, the $80m costs were for Q1 and Q2. Here are the trends comparing to Q3 and Q4 last year. (not sure the M& A impact though...and how much will be capitalzied for future depreciation) The company didn' t bother to give any comment to give us comfort which in my view was not a good sign. 21Q3  $6.1m 21Q$  $12.4m 22Q1 Actual: $44.9m 22Q2 Forecast $35.3m Given the nature of these expenditures, it is highly unlikely it will go back to FY21 level in 22H2 so quickly. You can make your guess what those numbers will be like and do a projection for full year FY22....  In my view, Rex is facing serious challenges in 3 fronts this year:    P& L due to volume damages and one off costs, Cashflow due to dividend and all these new costs and shareholder confidence crisis. I held Rex for 2 years and had taken some damage control actions myself... sigh.   Share7      ( Date: 24-Jun-2022 17:45) Posted: The 80M is full year expenses for FY21, right? If right, then 1H is still profitable as both sets of your calculation already accounted the production costs of Yumna & Brage