hought some stock expert/gurus have warned that when a company keeping harping on their unproven technology or their ware is the best in the world then you have to be extra careful.Example like biosensor stents touted to be the best in the world but px tanked after some time when reality set in.
UOB KH is the rex's ipo agent,they have self interest.Strike when it is hot and make sure you're not the last person to leave the room.
Elena, like you I too am not certain about REX. We don't have the industry insights and expertise to evaluate its technology. The people who do will either make a killing on REX or keep their wallets tight. In the end, the actual capability of the technology must become apparent as the technology is applied & tested in real life to determine where the oil wells are. good luck. Not vested.
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
Originally Posted by Gooners1975 View Post
now hopefully can sustain at 90 and not hover down frequently
..Rex did not went <85 potential upside when the debt ceiling fear is over..once it overcome this 80cts convincingly the next level is to cross 90cts before attempting the $1 mark..confidence is returning when it did not went under 85cts
Buy Sell Stock Name Curr BVol Buy Sell SVol Last Chg %Chg Volume DHigh DLow CPF R/D Time Rmks ExDivDate UPC FSI
Buy Sell $ Rex Intl SGD 120,000 0.890 0.895 131,000 0.890 +0.015 +1.710 2,998,000 0.900 0.870 R 14:16:52 NA
Originally Posted by Gooners1975 View Post
now hopefully can sustain at 90 and not hover down frequently
..Rex did not went <85 potential upside when the debt ceiling fear is over..once it overcome this 80cts convincingly the next level is to cross 90cts before attempting the $1 mark..confidence is returning when it did not went under 85cts
Buy Sell Stock Name Curr BVol Buy Sell SVol Last Chg %Chg Volume DHigh DLow CPF R/D Time Rmks ExDivDate UPC FSI
Buy Sell $ Rex Intl SGD 120,000 0.890 0.895 131,000 0.890 +0.015 +1.710 2,998,000 0.900 0.870 R 14:16:52 NA
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