Technics Oil & Gas

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24 Sep 2010 19:41 #4414 by LGH
Replied by LGH on topic Re:Technics Oil & Gas
Pls advise should I buy warrants or mother shares now. Thanks.

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26 Sep 2010 19:50 #4420 by yeng
Replied by yeng on topic Re:Technics Oil & Gas
At 94 cents now, Technics is not a bargain stock if you go by its PE valuation now.

At 37 cents, the warrants, by some curious twist, are a bargain compared to the mother shares.

The exercise price is 40 cents, so you pay 40 + 37 = 77 cents when you exercise them. Much cheaper than buying the mother shares.

However, holders of the mother shares are going to collect 10.5 cents dividends (already declared but the dates for cd and xd have not been announced yet).

The mother shares could rise further when the TDR date of Technics is fixed, and post-listing the Taiwanese investors are supposed to push the TDR price up some more, thank you.


Assuming that happens, buying the warrants now seems attractive as they offer not only a discount to the mother share but a leveraged play on a rising stock (caveat emptor!!!!)

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27 Sep 2010 17:18 #4424 by Mel
Replied by Mel on topic Re:Technics Oil & Gas
Company announced this morning that the record date for 10.5 c dividend is this Saturday Oct 2. So the xd date is Wednesday?
anyone can confirm?

Pay date is Nov 15, in time for the exercise of warrants in late Nov.

Stock price now chioing to 95.5 cents.

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05 Oct 2010 02:38 #4446 by Little Bird
TechOil&Gas Div 10.5cts record date Oct 29 and xD Nov 3 payable Nov 15

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13 Oct 2010 18:08 #4468 by Dongdaemun
Replied by Dongdaemun on topic Re:Technics Oil & Gas
No more oil to push this stock up? The TDR is still far away but in the meantime can enjoy the 10.5 cents dividend.

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15 Oct 2010 23:09 #4474 by Little Bird
Replied by Little Bird on topic Re:Technics Oil & Gas
Rumor, TDR will be approved by Feb 2011 price range S$1.00 - S$1.10
Dividend for 2011, 0.055cts Cheers...

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