Special Situation stocks

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07 Sep 2017 15:18 #24028 by BNN
Replied by BNN on topic Special Situation stocks
CWT halted trading today ahead of EGM of HNA.

Quotes for buy and sell are now $2.30 -- $2.30 .

Obviously at the EGM shareholders have approved the purchase of CWT!
Offer price is $2.33

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30 Nov 2018 07:34 #24581 by Garak
Replied by Garak on topic Special Situation stocks
How about REX? Share price only 7 cents after oil price dropped.
But REX is not producing oil yet. Will start in 2H2019 and then the price of oil may be higher.

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28 Jan 2019 21:18 #24651 by Garak
Replied by Garak on topic Special Situation stocks
Long ride up this afternoon after REX announced the US$45 million deal to sell its stake in North Sea oil resources. It's a lot lower than expected compared to when they gave the Powerpoint presentation 1 year ago about their NAV

infopub.sgx.com/FileOpen/20180425_RIHGro...cement&FileID=500813"

but crude prices have slid a lot since, especially in 4th Q of 2018..
REX still undervalued becos of Oman Block 50 oil resources.

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30 Jan 2019 16:01 #24656 by pine
Replied by pine on topic Special Situation stocks
....message from some broker circulating on Whatsapp regarding positive upside for REX:

EVENT-CATALYSTS:

A. Early Feb 19:
Likely details of more potential Buyers of its Norway stake
B. Early Mar 19:
Likely expert report out
C. Early Apr 19:
Document of commerciability on Oman likely out

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15 Mar 2019 07:29 #24690 by pine
Replied by pine on topic Special Situation stocks
REX -- how?

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28 Apr 2019 20:40 - 28 Apr 2019 20:41 #24739 by pine
Replied by pine on topic Special Situation stocks
Divestment of Norway assets about US$45 million cash -- anyone attended AGM last week? Got better idea on how this is progressing? Potential catalyst if confirmed or if money received soon. REX now only 7.9 cents, potentially can offer big % gain.


Just saw AGM presentation slides but no definitive answer:

links.sgx.com/FileOpen/Rex-20190426_AGM_...cement&FileID=556091
Last edit: 28 Apr 2019 20:41 by pine.

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