Latest Forum Topics /
Geo Energy Res
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Spackman entertainment
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pikachu
Master |
02-Jun-2023 06:52
Yells: "Holy Cow!" |
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Hope things get better | ||||
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desmodeus
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01-Jun-2023 21:57
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  The Group&rsquo s average receivable turnover is around 15 days, while its average payables turnover is around 60 days.   COLLECT FAST FAST PAY SLOW SLOW if they can make sales volumes less bumpy, cashflow reported can be more cheery. over time, all even out. as long as there are no creative accounting, all is fine. my only quarrel is that the co do not put its cash to good use
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desmodeus
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01-Jun-2023 21:38
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more for tax purposes I think
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kwwongm
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01-Jun-2023 20:26
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Scary are he transfer 40mils share to family which can be sold on open market without disclosure... 😥 😥
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Ayamas
Senior |
01-Jun-2023 20:20
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SGX seem to be doing a lot of query on their annual reports. Wonder what' s going on. From the look of it doesn' t sound good:  profitable but negative cash flow hmm | ||||
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kwwongm
Veteran |
01-Jun-2023 17:23
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Better stay sideway... So uncertain..
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ozone2002
Supreme |
01-Jun-2023 17:17
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All time low is 6c, with global economy doing so badly geo seems to be heading towards that direction too
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ahberngh
Elite |
01-Jun-2023 16:37
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We have about 45% free float. If the chairman and ceo tries to play dirty by doing a low ball, ensure he does not get 90% by not selling to him. I hope he dloes not but we don' t really know what is happening internally at the moment. Share price falling to 23c is very disturbing with a cash in hand of 22c and no debt. No response totally from mangement to reassure minorities, this is not good. |
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lailai
Elite |
01-Jun-2023 16:34
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sounds super greedy. alrdy doubleportion sh opt for chair and ceo.  now pass huge chunk to famiy. tink sgx and sias need to query when price is diving by the day. 
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Ayamas
Senior |
01-Jun-2023 15:55
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At this point with the 40m transfer to " family" by Charles Melati himself, can' t help but suspect company themselves are doing it. Where is SGX when you need them? 
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yoga123
Elite |
01-Jun-2023 15:28
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Apart from the potential accretive acquisition,  we can only wait for the same BBs to start to push up Geo again back to its 52 wk high.
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ozone2002
Supreme |
01-Jun-2023 15:25
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Markets behave irrationally all the time need to sieve out the good from the bad and those that are undervalued 
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yoga123
Elite |
01-Jun-2023 15:16
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In reality,  I guess if you are not holding any Geo and losing money,  you will not hope that it will rebound eventually.  Overall,  2 sides of the coin.
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yoga123
Elite |
01-Jun-2023 15:11
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Frankly,  he is lucky to incur 3k+ paper loss,  mine is around 20k+ paper loss. Thats why I am still holding on instead of cutting loss and let the shortists win.
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doremifatso
Senior |
01-Jun-2023 15:03
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Share price at pre covid levels. But remember, pre covid Geo was more than USD100M in debt. Now Geo is more than USD200M net cash! The lower coal price has both pros and cons. Geo's profitability will be lower because they sell at lower price. But remember, Geo is currently lookinh yo acquire mines. In this sense, low coal prices is advantageous because they can acquire thr mine at a lower price. Imagine if coal price is 2x what it is today, geo will have to pay at least 2x more to buy the same mine. Most ideal is that coal prices continue falling until geo makes the acquisition. Then after the mine is acquired, then coal prices shoot up. That will be best.
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FrancisLim
Elite |
01-Jun-2023 14:32
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Per last quarter update: average coal price 1st quarter 2023 was US76.60 per ton compared to US82.31 per ton 2022 cash profit 2023 first quarter  - US17.36 compared to US25.71 per tonne Also, total sale volume was down. Coal price has further declined.  Demand and supply situation also not in favour of producer. This counter price has gone back to pre covids level.. DYODD  |
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ozone2002
Supreme |
01-Jun-2023 14:14
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0.23        -0.01coal biz will be free soon huge discount to NaV shortist out in full force today
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tccroy
Elite |
01-Jun-2023 13:31
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The lenders are doing themselves harm by lending the shortists scripts to buy back. Knowing that lenders will lend them they keep shorting
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pursuer76
Veteran |
01-Jun-2023 13:06
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There hasn' t been much buying since the plunge in mid 2022. To keep shorting, they have to buy back too. Otherwise, will run of stocks to borrow?
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pursuer76
Veteran |
01-Jun-2023 13:00
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As aforesaid, the plunge happened since mid 2022 due to one of the major institution holders, Lenny, who sold 20 or 30+ millions of shares. Can' t remember the exact number. Since then, many left with substantial losses and almost none keen to invest in this stock anymore. The only hope we can pin on now, is the so-called " accretive" acquisition. They are holding off SBB for the acquisition, I assume.
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