Listed in SGX less than a month. From daily chart first and second support prices at 0.775 and 0.745. First and second resistance prices at 0.795 and 0.82.
The 140mil shares no major shareholders have sold and the 2.5mil was 153 times oversubscribed-question of demand & supple with clear the demand is there otherwise it will not trigger the overallotment issues-good sign despite STI went under 3000,T REX did not go below 70cts and recovered to 75.5cts,also the drop recently was on low volume..I have confidence in REX,hope will go up higher
teeth53 ( Date: 29-Aug-2013 23:20) Posted:
Before - Rex International is offering 142.5m new shares at $0.50 each for a Catalist listing.
i) 140m shares is for an international placement and
ii) 2.5m shares is for a public offering...and after...
Now - SGX-ST. Announcement nos 67...EXERCISE OF OVER-ALLOTMENT OPTION AND CESSATION OF STABILISING ACTION IN RELATION TO THE INVITATION IN RESPECT OF.............item i) and item ii). hopefully.
Wow struck oil or just Kayhian UOB pushing up becoz too low
ozone2002 ( Date: 05-Sep-2013 16:19) Posted:
Last:0.88 Vol:52467k +0.17
so fast n furious today?
ozone2002 ( Date: 02-Sep-2013 10:51) Posted:
Big names and big funds are in this, heavily supported..
Even though Rex International has only an operating track record of two years and has yet to generate revenue, pre-IPO investors were so convinced by its story that they extended convertible loans of S$35.2 million to fully fund its first two years of drilling operations in the US.
These investors include Tan Fuh Gih (tycoon Tan Kim Seng?s younger brother), Kingston Kwek (tycoon Kwek Leng Beng?s son), Tan Chin Hwee (partner of leading alternative fund management group Apollo) and 2G Capital chairman Tommie Goh (founder of JIT).
Schroders, Pareto Growth Fund, Staur Private Equity, Holberg Funds and Clements Capital are also vested in the company.
Know who are the BBs behind REX Quote: Originally Posted by joemacky View Post keeping fingers crossed.. this CK willing to let price do wide swing.. it could hit a $1 and go below $0.80.. but looking at the price action where almost half of the transactions done between 0.875 - 0.895 so should be positive bias Smile
Agree ,,when the bad results(expected) was announced around 12noon the REX was shorted till it hit a low of 80cts...knowing many shortists would be waiting and indeed they shorted..after that BBs push it up,surpassing another high of 89.5cts around 3pm plus..see on thur Sept 5,suddenly REX shot up hitting a new high 88cts with vol,otherwise REX would hve pushed down below 70cts
As at 5 Sept the ipo funds not used yet but looks it will be used mainly for its exploration or investments activities,it's not the current last 2 year losses but what the market price should reflect the future-discovery of oil exploits and most important who is behind this counter-if they(BBs) want to push,who care about current losses, it's the future that240Fest30 matters,,,see by 4pm the price of REX climbed up again
Rex's 2Q losses widened to USD0.7m ENERGY & OFFSHORE | Staff Reporter, Singapore Published: 06 Sep 13
No thanks to zero recognized revenue.
According to OSK, Rex, an upstream oil & gas company which just listed in July on the Catalist board, posted its 2QFY13 results. The losses widened to USD0.7m from USD0.3m a year ago as no revenue has been recognised.
Here's more:
The group was still involved in exploration and drilling stage has so far yet to commence production. Moving on, the group expect its drilling programme in Oman to commence in mid Q4 this year and the three new licenses in Trinidad and Tobago to contribute from FY14 onwards.
this is not an inducement to trade,those who fear and has profit just take ,like thos I bought 66-69cts I hve already taken profits and like my maxim-no one ever died from taking profits but many died from failing to take profits.I am using my profits to long on REX
1) Rex previously said that it was close to production with the first oil from its U.S assets in North Dakota expected in the 4th qtr of this year .
2) Rex boasts of innovative exploration technology that has a higher chance(maybe 50%) of locating oil higher than industry standards
3) Rex participates in ventures with already secured exploration and production licences and gets an equity stakes in exchange for its unique technology thereby reducing its exposure to time and money needed to acquire licences
4) Rex owns 65% in Lime Petroleum,the rest owns by Malaysia listed Hibiscus Petroleum amd Schrodes.
5) Rex already secured 3 new licences in Trinidad and Tobago in August 2013 and plan to start its drilling programmes in Oman in the 4th qtr.Also in Aug Lime had engaged Aban II to drill its Block 50 concession in Oman,as CEO Mans Lidgren said it was an assurance its drilling programme was in progress
Just need to trade with care but from analysis normaly when major oil fields discovered,revenue and profits will flow in and shares normally soar-so don't play with money you can afford to invest only
The long term shareholders not sold out...use only $$$ u can afford to lose to long REX would be better.Matter of time REX discover oil or other rich minerals,once successful REX may get equity stakes...with very little public float and at ipo only 2 mil available and bear in mind the excess 28mil went to Kayhian UOB-latter renowned for " pushing " shares
starlene ( Date: 08-Sep-2013 22:59) Posted:
Bro Simpsons ,this is not an inducement to trade,those who fear and has profit just take ,like thos I bought 66-69cts I hve already taken profits and like my maxim-no one ever died from taking profits but many died from failing to take profits.I am using my profits to long on REX
1) Rex previously said that it was close to production with the first oil from its U.S assets in North Dakota expected in the 4th qtr of this year .
2) Rex boasts of innovative exploration technology that has a higher chance(maybe 50%) of locating oil higher than industry standards
3) Rex participates in ventures with already secured exploration and production licences and gets an equity stakes in exchange for its unique technology thereby reducing its exposure to time and money needed to acquire licences
4) Rex owns 65% in Lime Petroleum,the rest owns by Malaysia listed Hibiscus Petroleum amd Schrodes.
5) Rex already secured 3 new licences in Trinidad and Tobago in August 2013 and plan to start its drilling programmes in Oman in the 4th qtr.Also in Aug Lime had engaged Aban II to drill its Block 50 concession in Oman,as CEO Mans Lidgren said it was an assurance its drilling programme was in progress
Just need to trade with care but from analysis normaly when major oil fields discovered,revenue and profits will flow in and shares normally soar-so don't play with money you can afford to invest only
Rex is unique in its ability to use intellectual property (IP) related to these technologies, the company pays annual fees to a separate company, Rex Technology Management (RTM), which is wholly owned by Karl and Hans Lidgren. The three key technologies include the following. ? Rex Gravity? is used to detect possible hydrocarbon accumulations through the use of satellite altimetry data. ? Rex Seepage? uses thermal imaging to search for hydrocarbon presence at the sea surface. ? Rex Virtual Drilling? uses seismic-data interpretation techniques to detect the presence of liquid hydrocarbons. Business model. The company says that because it has exclusive access to RTM?s proprietary technology and IP, it has been able to enter into agreements to farm into exploration acreage. The owners of the acreage then provide data that is analysed by RTM in order to ascertain the best location to drill an exploration well. Through backtesting, Rex claims that it has near 100% certainty in discovering oil when using the three technologies outlined above. However, it states that the key risk to its business is poor or corrupted data, which then significantly lowers the chances of a discovery. Assets. At present, Rex has a portfolio of 13 contract areas in Norway, Oman, Trinidad & Tobago, the UAE, and the US, and says it will look to increase this to 20 contract areas over the next 12 months.
starlene ( Date: 10-Sep-2013 11:15) Posted:
REX is bought for its future, 6 mths down the road the mkt price will be another story if everytime balck gold is discovered or REX given equity stakes in oil discovered fields or more licences granted,all these can prompt its share to spike..invest with spare cash only..quite like the write up below
Rex is uniqueFest30Rocketwhore in its ability to use intellectual property (IP) related to these technologies, the company pays annual fees to a separate company, Rex Technology Management (RTM), which is wholly owned by Karl and Hans Lidgren. The three keyYikesThrasher technologies include the following. ? Rex Gravity? is used to detect possible hydrocarbon accumulations through the use of satellite altimetry data. ? Rex Seepage? uses thermal imaging to search for hydrocarbon presence at the sea surface. ? Rex Virtual Drilling? uses seismic-data interpretation techniques to detect the presence of liquid hydrocarbons. Business model. The company says that because it has exclusive access to RTM?s proprietary technology and IP, it has been able to enter into agreements240 to farm into exploration acreage. The owners of the acreage then provide data that is analysed by RTM in order to ascertain the best location to drill an exploration well. Through backtesting, Rex claims that it has near 100% certaintyBanane15 in discovering oil when using the three technologies outlined above. However, it states that the key risk to its business is poor or corrupted data, which then significantly lowers the chances of a discovery. Assets. At present, Rex has a portfolio 1244Pepsiof 13 contract areas in Norway, Oman, Trinidad & Tobago, the UAE, and the US, and says it will look to increase this to 20 contract areas over the next 12 months.
starlene ( Date: 10-Sep-2013 11:15) Posted:
REX is bought for its future, 6 mths down the road the mkt price will be another story if everytime balck gold is discovered or REX given equity stakes in oil discovered fields or more licences granted,all these can prompt its share to spike..invest with spare cash only..quite like the write up belowParty
The potential for REX to soar is it needed something like below...anytime..oil discovery... $794 Billion Barrels Buried... Until Now
from Wealth Daily to you Show Details Wealth Daily Forward to a Friend Having trouble viewing this issue? Click here. Refer a Friend to Wealth Daily. $794 Billion Barrels Buried... Until Now By Keith Kohl | Tuesday, September 10th, 2013 keith kohlLast year, a group of companies successfully extracted $794 billion worth of crude oil from a piece of land approximately one-third the size of Saudi Arabia.
With oil prices trading around $109 per barrel, these profits amount to over 700 million barrels ? 66% MORE than the now-famous Bakken Shale in North Dakota, one of the largest shale plays in the country!
Now, these companies had one huge advantage: a deep-seeded secret buried in the U.S. oil industry that's fueling their profits.
You see, there's a special select group of oil wells that will produce one out of every three barrels of oil in the United States in 2013.
What's more, practically every drop of the crude extracted out of the ground by these wells is of the best quality ? the light, sweet crude that U.S. refineries are desperate to get their hands on.
The U.S. government surreptitiously refers to them as " Code 42 wells."
And thanks to this very specific set of wells, that same group of oil and gas companies is now on pace to sell more than 830 million barrels of this quality crude on the open market throughout 2013.
In a short matter of time, they could be generating more than a trillion dollars per year from extracting this oil supply.
The best part is this situation is still in its infancy ? which means the more of these " Code 42 wells" that pop up, the more lucrative these profits will be for early investors.
I strongly urge you to take a few minutes to review this investment presentation. It explains in full detail how you can capitalize on these highly productive oil wells tucked away in one of the most prominent oil plays in the United States.
But hurry...
You'll want to watch it before it leaks to the Wall Street and this story breaks wide open.
Quote: Originally Posted by Newcastle View Post UOBKH
Rex International Holdings (REXI SP, 5WH) – An innovator with the potential to be a multi-bagger (BUY/Target: S$1.47) We valued Rex based on the expected monetary value of its exploration assets using forecasts from traditional geologist findings. Its most valuable asset is arguably its proprietary Rex Technologies (RT) that claims to significantly improve the odds of oil exploration. With more than 80% accuracy in blind and live tests, RT has helped the company secure strategic partnerships and concessions. Results from Rex’s first few exploration wells will be critical as it becomes proof of the effectiveness of RT. The results of the first exploration well are expected to be known by 1Q14. If RT is proven to be effective as management claims, Rex has the potential to become a multi-bagger as it revolutionalises the O&G industry. We previously mentioned that the stock could be supported at S$0.87-0.85. Prices appear to be well supported near the said levels and currently could head towards S$0.95/1.05. The next potential target could be near S$1.25.
Yes do yr hw b4 invest but Rex had remained> 80cts since 6 Sept and on Oct 2 the co also went to K.L for presentation to Malaysian investors.If the oil which has a 50% over traditional method of discovered successful..still worth a bet..Rex is a different class altogether from Ramba,Kris Energy,Mirach,etc..Investors are Schroders and Kwek Leng Beng relatives,etc..Just invest with spare cash not for contra..
Even though Rex International has only an operating track record of two years and has yet to generate revenue, pre-IPO investors were so convinced by its story that they extended convertible loans of S$35.2 million to fully fund its first two years of drilling operations in the US.
These investors include Tan Fuh Gih (tycoon Tan Kim Seng?s younger brother), Kingston Kwek (tycoon Kwek Leng Beng?s son), Tan Chin Hwee (partner of leading alternative fund management group Apollo) and 2G Capital chairman Tommie Goh (founder of JIT).
Schroders, Pareto Growth Fund, Staur Private Equity, Holberg Funds and Clements Capital are also vested in the company.
Bros n sis here go for REX
haven't seen its full potential yet...I will keep a \bit longer this time
Rex did not go under 85cts I bought all I sold from 86-87.5cts Will hold fro the long haul since I bought mine all the way from 67-80cts..will cross $1 matter of time since the scrips limited and the investors behind there240Fest30
We initiate coverage with a BUY and target price of S$1.47 (based on expected monetary value of Rex's exploration assets using forecast from traditional geologist findings), representing a 58.1% upside Rex's most valuable asset is its access to the proprietary Rex Technologies that may significantly improve the odds of successful oil exploration With more than 80% accuracy in blind and live tests, Rex Technologies showed great promise and has helped Rex to secure strategic partnerships and concessions Results from Rex's first few exploration wells will be critical and is a potential catalyst A successful oil discovery may see a re-rating of the stock Results of the first exploration well are expected to be known by 1Q14 Using proprietary satellite and seismic imaging technologies, management believes Rex Technologies can produce an exploration success rate in excess of 50%, compared with a global average of 10-15% In addition, Rex Technologies also cuts the exploration process to 18-60 months from the 72-114 months required under conventional technologies Rex has conducted blind tests for Hibiscus and Fram and has shown an impressive 100% accuracy Over the past two years, Rex had analysed 59 prospects for North energy, accurately predicting 35 of the 41 wells that had been drilled (85% accuracy) Rex successfully predicted 24 out of 25 dry wells and 11 out of 16 commercial oil wells As Rex Technologies gains traction among market players, Rex has been able to secure concessions on better terms, such as eliminating common industry practices of paying entrance fees With its leverage, Rex has successfully farmed into 15 concessions ASX-listed Bass Strait Oil Company (BAS) is Rex's newest strategic partner as it partners with REX to reassess specific exploration opportunities in Gippsland Basin of Australia A potential multi-bagger with exploration target of 2,183mmbbl unrisked resources (EMV range: US$1.31-5.39/share) Oman Block 50, Rak Offshore and Sharjah Central form almost 90% of our total risked NAV, and are estimated to have a risked value attributable to Rex of US$1,319m (US$1.31/share) based on conventional chances of success To derive our target price of S$1.47, we applied a 20% discount to our risked NAV to account for the concentration risks from Oman Block 50, which forms almost two thirds of our risked NAV estimate
Originally Posted by elenatang View Post Bought again at 85cts..this drop due to UOB last tue 1 Oct recommend T.P $1.47..so all rush in to buy...now forced sell now will be the best time to UOB to buy buy buy, then issue report again to push up price
Why is REX so quite. Hibiscus up by 0.16 last two days. Hibiscus n REX is controlling 35% and 65% of Lime Petroleum and will start drilling for oil in Oman between middle Oct & Nov 2013.
Look at posted #1.My TA remain same.resistance become support. 1st and 2nd support 0.82 and 0.795. Next week time to give support base on chart. ≧◠◡◠≦✌
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
inphyy
338 posts
Posted by inphyy > 2013-08-25 21:50 | Report Abuse
Listed in SGX less than a month. From daily chart first and second support prices at 0.775 and 0.745. First and second resistance prices at 0.795 and 0.82.