Stocks to Watch

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4 years 3 weeks ago #25338 by pine
Replied by pine on topic Stocks to Watch
FORISE INTERNATIONAL (9 CENTS) : +125% on Friday.

Why ? Is it connected to new prospects because off a new subst. shareholder who bought 29.1% ?

links.sgx.com/FileOpen/_Form%203%20-%20A...cement&FileID=601648

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4 years 3 weeks ago #25339 by pine
Replied by pine on topic Stocks to Watch
links.sgx.com/FileOpen/Forise%20-%20UAE%...cement&FileID=611248

FORISE this morning's announcement points to a high-tech business that can win international orders!

links.sgx.com/FileOpen/Forise%20-%20UAE%...cement&FileID=611248

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3 years 9 months ago #25465 by Kapitan
Replied by Kapitan on topic Stocks to Watch
Penny play. Abundance International's warrants. Massive discount to mother shares. so, V cheap. Strike price 2.0 cents, warrants now only 0.8 cents, so means total value = 2.8 cents. However, mother share trading 4.0 cents. Can wrt be a multi bagger?

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2 years 11 months ago #25776 by Joes
Replied by Joes on topic Stocks to Watch
Look out for Rex and its 1H2021 results, which should be great.

most recent news: REX bought North Sea old oil field, paying 42 million -- very cheap at today's oil price. Rex will use 2.5 year bond to finance. At 3Kplus barrels a day, the purchase will be fully paid up from the oil sales within a year ...the rest of it is pure $$$.
 

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2 years 11 months ago #25793 by Joes
Replied by Joes on topic Stocks to Watch
REX buys the Norwegian stake for 42 m usd. The target generated 21 m usd pre-tax profit in 2020 based on 42usd oil price. Now, oil price this year 2021 has been much higher, perhaps around 60 usd average in 1H2021. No need a genius to see how fast the purchase can reap returns.
what's striking is that, under Norway law,  the purchase will be dated back to 1 Jan 2021. Means: the target's cashflow till 4Q2021 completion of acquisition will be used to offset the  payment of the usd42 mn. 

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2 years 8 months ago - 2 years 8 months ago #25872 by Joes
Replied by Joes on topic Stocks to Watch
$100 oil target if it's a cold winter. In that case, Rex International would reap tremendous cashflow!

www.reuters.com/business/energy/bofa-cou...d-winter-2021-09-13/


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Last edit: 2 years 8 months ago by Joes.

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