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Rex International Holding Limited
22-09-2014, 07:48 PM. (This post was last modified: 22-09-2014, 08:49 PM by cyclone.)
Post: #1
Rex International Holding Limited
http://infopub.sgx.com/FileOpen/Form3Ala...eID=315578

Alan Wang effect?

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03-10-2014, 06:59 AM.
Post: #2
RE: Rex International Holding Limited
http://www.businesstimes.com.sg/premium/...m-20141003

PUBLISHED OCTOBER 03, 2014
Rex unit secures deal from national oil firm
Fruition of Rexonic's commercialisation plans, says Rex chairman
BYANDREA SOH
sandrea@sph.com.sg @AndreaSohBT

CATALIST-LISTED Rex International Holdings says its Switzerland-based unit Rexonic AG has secured its first ground-breaking contract with a national oil company (NOC).
The deal which Rexonic clinched through a wholly owned unit is worth about US$10 million if fully executed over the next 24 months, said Rex International. The contract is expected to contribute to the group's earnings for the current financial year.
Rexonic AG, in which Rex International has a 66.7 per cent stake, will provide its ultrasonic well stimulation technology on certain wells owned by the client, which is said to be a "reputed and large" NOC. The name has been withheld at the request of the client, said Rex International. The contract is expected to start at the end of this year, with the exact timing dependent on, among other things, the arrival of third-party technical components, said Rex International.
"We are heartened to see the fruition of Rexonic's commercialisation plans, following months of hard work by the management team," said Rex's executive chairman Dan Brostrom. "A first contract with an NOC is a notable achievement for Rexonic, as the potential for an expansion in the scope of coverage for the well stimulation technology is promising." There are synergies with Rexonic's technology such as using Rex Virtual Drilling to prioritise which production well to stimulate first, he added. "We can also tap on each other's business network to further grow our respective portfolios."

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03-12-2014, 05:15 PM.
Post: #3
RE: Rex International Holding Limited
Rex have been making good progress in its exploration activities while no major commericialised income activities.

The share price is feeling pressure from recent sluggish oil prices. Sad

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12-06-2015, 12:46 PM.
Post: #4
RE: Rex International Holding Limited
(03-12-2014, 05:15 PM)butcher Wrote: Rex have been making good progress in its exploration activities while no major commericialised income activities.

The share price is feeling pressure from recent sluggish oil prices. Sad

Is it a good time to enter, at price almost 50% cheaper than IPO@50c and Alan Wang's placement price@57c?

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20-08-2019, 07:39 PM.
Post: #5
RE: Rex International Holding Limited
I have not followed this company before ... but based on 1H2019 results, its accumulated losses is to the tune of USD$120m - I guess it's the nature of oil discovery business ?

So is the valuation fair or undervalued ?   Huh

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Business update lifts Rex International shares by 14.7%
Tue, Aug 20, 2019 - 5:50 AM

Singapore

OILFIELD services firm Rex International Holding's shares jumped one cent or 14.7 per cent to 7.8 Singapore cents on Monday after the company questioned the market's valuation of its shares and gave a business strategy update that includes plans to further monetise its assets.

"Recent global economic and political developments have affected oil prices and, consequently, our stock price," Rex executive chairman Dan Broström said in a statement on Monday.

"We have been valued by the market at cash and even below cash, without any value placed on our Oman discovery asset, our Norway assets or our Rex Virtual Drilling technology."....

The Catalist-listed firm recorded a net profit of US$23.6 million for its second quarter ended June 30 after selling certain assets in Norway.....

Read more : https://www.businesstimes.com.sg/compani...res-by-147
Warchest recharged / Norway Asset Sales : https://links.sgx.com/FileOpen/20190819_...eID=575166
1H2019 Results : https://links.sgx.com/FileOpen/RIH-Annou...eID=574075

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