Latest Forum Topics /
Geo Energy Res
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SembM Re-Born Rich
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ahberngh
Elite |
26-Nov-2022 10:29
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This site gives the weekly prices for 5 types of Indonesian coal, both domestic and international prices.
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ahberngh
Elite |
26-Nov-2022 10:27
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Indonesia Coal Price | JWC Indonesia Energi |
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Catrade
Master |
26-Nov-2022 01:51
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yes, I think u r right .
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fruitfulness
Veteran |
26-Nov-2022 00:28
Yells: "May the Lord God establish the works of my hands!" |
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This one also linked to ICI4 Indonesia Coal Index (Argus/Coalindo) Futures contract.  It is also stalled at 17 Nov. No further updates.
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Catrade
Master |
25-Nov-2022 20:40
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https://www.barchart.com/futures/quotes/ICKU22/futures-prices
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pursuer76
Veteran |
25-Nov-2022 17:29
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don' t pin high hopes bro. globally promoting clean energy. although i myself are pinning slightly higher hopes that the price will go up or privatise with a better offer. however, i foretell it won' t go higher than 0.45 even when next year dividend is 3 cents. pray pray...up up...![]()
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yoga123
Elite |
25-Nov-2022 17:06
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Exactly Bro, I share your views about Geo. It is imperative to have patience to reap future profits, otherwise might as well go casino or buy 4D.
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ozone2002
Supreme |
25-Nov-2022 15:44
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0.355  -- great entry price! |
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pursuer76
Veteran |
25-Nov-2022 15:07
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based on the current share price of $0.355, the $0.10 total dividends paid is about 28%. The final dividend to be paid next year for the current fiscal year will depends on the profit attributable to shareholders at that juncture and the management' s prerogative. With the current ICI4 coal price, if it maintains and USD goes down, their profit for the current fiscal year will be even higher. Theoretically, there is a good chance of at least $0.03 dividend next year. Hopefully, Geo is not as stinky as Golden' s management.
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lailai
Elite |
25-Nov-2022 14:57
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Thks for posting. For 2022 div yld to be > 20%, konsi will hv to give 5c in 4Q to giv $0.1 for FY2022. If can tahan, hold on for 3 mths mo, see konsi walk the talk bo. Las yr 4Q result 5c div out 24 Feb. Anyway, 6 mo days cd 1c otw.
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kohk19
Member |
25-Nov-2022 14:44
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The BB not doing their part to support the share price like what Golden Energy did, I personally lost my loyalty to this company, the business is super but the management become question ❓ ⁉ ️ . Only attract short sellers and do nothing to project the true share value. | ||||
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doremifatso
Senior |
25-Nov-2022 14:09
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Overall i still find Geo to be one of the more investor friendly companies in SGX. The share price is beyond the company's control. Institutional investors also shunning coal. But at least they trying to grow profits and give quarterly dividends. | ||||
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doremifatso
Senior |
25-Nov-2022 14:02
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I sent some questions to investor relations and got a reply from the CFO. It is a good sign that the CFO will take time to answer retail investors in such detail. But here is what the CFO had to say.:
Mr Charles Antonny Melati is the Executive Chairman of the Group, and his role has been overseeing the overall strategic direction and expansion plans for the growth and development of the Group. There is currently no plans to change the direction, strategy and dividend policy of the Group. The appointment of him as the CEO will ensure continuity in management and provide strong leadership to the Group.
We are committed to deliver returns to shareholders in accordance with our dividend policy of at least 30% of the Group?s profits attributable to owners of the company, subject to capital requirements. We have paid or declared a total of S$0.10 per share this year, comprising 2021 final dividend and interim dividends for 1Q2022, 2Q2022 and 3Q2022. This is a dividend yield of over 20% based on today?s share price. We will continue to pay out interim dividends to deliver returns to shareholders in accordance with our dividend policy, so that shareholders can receive returns earlier instead of just an annual final dividend. It is not easy to find a company that has a dividend yield of over 20%. As our profits grow, so will more value be delivered to shareholders through dividends.
The share buyback is a part of our long-term capital management. We execute our buy backs in a controlled and orderly manner over a reasonable period of time to minimise undue movement of our share price. We have done share buybacks earlier this year as well as the recent buyback of 3 million shares in September 2022. We also need to weigh further buybacks against our long-term plans to grow the company sustainably. We have mine life reserves of around 5-6 years and although a share buyback may seem attractive in the short term, we have to think beyond that. It is not easy to get financing for coal businesses and we need to build sufficient cash reserves to do M&A and plan for enough working capital.
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kwwongm
Veteran |
25-Nov-2022 12:16
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Waiting price to drop below 0.3 and take this cash cow private.....🥳 🥳
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ahberngh
Elite |
25-Nov-2022 11:57
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I think likely small investors here are perceived as easy meat for vultures. | ||||
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lailai
Elite |
25-Nov-2022 11:45
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Price super lo, no sbb, wat is chair/newceo doin, sleepin otj? or waitin for lo TO bid. ![]()
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Catrade
Master |
25-Nov-2022 11:44
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Look like the Chairman/CEO is very unhappy n disappointed with Geo?s market price in SGX. Very likely he is looking at way to privatise if price remains suppressed.
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ozone2002
Supreme |
25-Nov-2022 11:25
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So cheap but ignored by market take abt the market is always efficient 😅
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pursuer76
Veteran |
25-Nov-2022 11:03
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hard to say. these are not STI constituents. can be very unethical, just like golden. purposely create a massive sell off to reduce the price so they don' t have to pay high delisting offer. imagine if it were 90 cents + 15 cents exit offer = $1.05 but now is about 85 cents only. they save 20 cents per share. this is how i perceive.
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ahberngh
Elite |
25-Nov-2022 10:42
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Building up cash to make opportunistic acquisitions is good. But, I hope it is not  a case of bulding up cash to make an opportunistic low ball offer.  Price currently controlled at a low base of 36c.
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