SINGAPORE, 29 November 2010 â Mainboard listed Technics Oil and Gas Limited (âTechnicsâ or together with its subsidiaries, the âGroupâ), a leading full service integrator of compression systems and process modules for the global offshore oil and gas sector, today announced that its 51% owned subsidiary, Norr Systems Pte Ltd (âNorr Systemsâ) was awarded the contract for two turnkey construction and a service contract worth S$25.6 million for two vessels.
This babe is recovering after some consolidation - now at 81.5 cents, up 1 ct.
Taking into account the 10.5 cent dividend payable (gone ex-d already), the stock is 92 cents for those who bought before dividend went ex. Stock now is cheap at PE of only 6.5X historical earnings for FY10 ended Sept
Doing nicely - now at $1.06. After factoring in 10.5 c dividend recently, the stock is 1.165 to those investors who continue to hold. Coming up is a 6 cent dividend after CNY. Solid returns to date.
Question now is, is it going to cheong further? Anyone has a view on this?
SINGAPORE, 31 January 2011 – Mainboard listed Technics Oil and Gas Limited, a leading full service integrator of compression systems and process modules for the global offshore oil and gas sector, today announced that its 51% owned subsidiary, Norr Systems Pte Ltd was awarded another contract for two turnkey construction and a service contract worth S$25.6 million for two vessels.
Today’s contract is similar in contract size and project scope to the earlier turnkey vessel construction and service contracts announced on 29 November 2010.