Technics Oil & Gas

SINGAPORE, 29 November 2010 – Mainboard listed Technics Oil and Gas Limited (“Technics” or together with its subsidiaries, the “Group”), 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 (“Norr Systems”) was awarded the contract for two turnkey construction and a service contract worth S$25.6 million for two vessels.

Hey hey just announced during this lunch break --- Technics bought back 2.4 million shares this morning!

No wonder the volume so strong.

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


info.sgx.com/webcoranncatth.nsf/VwAttach...2010.pdf?openelement


Taiwan TDR coming up soon.....will be catalyst for stock price jump.

Today, Dec 21, Technics closed at 83 cents (up 1.5 cents) and volume of 1.5 million shares. My friends will exit at $1.10... me later at $1.15.

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.