Technics Oil & Gas

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13 years 7 months ago #4475 by yeng
Replied by yeng on topic Re:Technics Oil & Gas
The warrant cheong this afternoon to 38 cents from 35 cents. Long time coming boy!
Excercise price only 40 cents + 38 cents = 78 cents, cheap cheap at big discount to the mother share price of 96 cents.

After ex-dividend, the mother will fall to 86 cents, still a big premium to the warrant. .....

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13 years 6 months ago #4492 by yeng
Replied by yeng on topic Re:Technics Oil & Gas
Exercise time for warrant is getting closer. Will face 2 opposing forces: a) People will want to buy the warrant because it can be exercised soon and the mother then can be sold for a profit.

b) Weak holders who dont have the $ to exercise the warrants will want to sell out before the wrts expire.

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13 years 6 months ago #4499 by yeng
Replied by yeng on topic Re:Technics Oil & Gas
On Friday, the mother share went xd, and the stock price adjusted downwards by 10.5 cents (equivalent to the dividend payout).

Technics then bought back 1.3 m shares at around 86 cents.
I say, bravo! This company is doing the right thing for minority shareholders and , of course, its own management too.

Technics has been  doing massive share buyback and last fRiday it announced it would cancel 13 million treasury shares. Bravo!

This is great news!

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13 years 6 months ago #4575 by Mel
Replied by Mel on topic Re:Technics Oil & Gas
Oh weak weak weak. The stock is under pressure from people selling to buy the warrants as the warrants are cheaper.
Only 2 more weeks left. I expect the stock to firm up after the warrants expire.
Historical PE so cheap at 5-6X and ..... there is strong growth expected in the current Financial Year. You read the presentation by Technics last week?

Just my 2 cents worth.

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13 years 5 months ago #4647 by Mel
Replied by Mel on topic Re:Technics Oil & Gas
Technics rebounded 4 cents!!!
Closed at 79.5 cents.  Selling pressure is over because people cannot sell the mother share in order to switch to the warrants (which was trading at a discount).

The warrants ceased to trade from today.  Hooray!
More upside for the mothershare going forward. Agree>?????

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13 years 5 months ago #4667 by Mel
Replied by Mel on topic Re:Re:Technics Oil & Gas
What did i say? hahaha... now 81 cents, up 3.5 cents on 1.5 million shares done by afternoon. Selling pressure over baby. Now it's ramping up time for TDR price setting.

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