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Geo Energy Res
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Black Gold Industry Discussion
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wehuattogether88
Supreme |
28-Feb-2024 16:16
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Scooping actions in play? Just suspecting only. |
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piscesmonkey
Supreme |
28-Feb-2024 15:30
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Can see that bottom liao | ||||
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lailai
Elite |
28-Feb-2024 15:05
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u cd be rt, but tink konsi will make an official announcemt if 1st tranche did take place, as it is someting very important for investors. the words they used, is " expected to take place on  28 February 2024  " , so tink will wait see got announcmt boh. thks for pointin out.  
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ozone2002
Supreme |
28-Feb-2024 13:51
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Opportunist will see bad news as the best time to secure cheaper share prices for entry or accumulation buy when there' s blood on the street
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tccroy
Elite |
28-Feb-2024 13:48
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For now is $575 million as at Tuesday's price of 39 cents. To reach billion dollar club then the TP should be 68 cents. I'm confident Geo will realize the one billion dollar club
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Joelton
Supreme |
28-Feb-2024 13:09
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Geo Energy H2 profit falls almost 40% as finance costs hike by US$5.5 million
INDONESIAN coal producer Geo Energy Resources on Tuesday (Feb 27) reported a drop in net profit of almost 40 per cent to US$34.8 million for the second half of 2023.
 
The group attributed this to a fall in gross profits, which was contributed in part by a US$5.5 million jump in finance costs, from a low base of US$27,617 in the year-ago period. 
 
The finance cost hike follows the group&rsquo s drawdown of equipment financing of US$6.8 million for its purchase of heavy equipment in May 2023, and its term loan of US$220 million in October 2023 to support working capital and investing activities, the mainboard-listed company stated.
 
H2 revenue, meanwhile, fell 31.7 per cent to US$249.2 million, from US$365.1 million in the year before. The group said this was due to a drop in average selling price from the lower Indonesian Coal Index price for 4,200 gross-as-received coal (ICI4) in the half year. 
 
Coal prices have normalised from the highs in 2021 and 2022 because of a boost in production and gradual easing in the supply chain, the company noted.
 
Earnings per share for the half was 2.51 US cents, dropping from 4.02 US cents.
 
Nevertheless, the board has proposed a final dividend of 0.6 Singapore cent per share, which would bring the total dividend for 2023 to two Singapore cents per share. This translates to a total dividend pay-out ratio of 33.7 per cent, which is in line with the company&rsquo s dividend policy, it noted.
 
For the full year, the company&rsquo s revenue fell by a third to US$489 million, from US$733.5 million in the previous year, while net profit fell 61.6 per cent to US$62 million, from US$161.6 million in FY22.
 
The company attributed the lower revenue to a drop in sales volume, and asking and selling price.
 
Production volumes in the year fell as a result of the higher strip ratios based on the geology of two of its coal mines &ndash SDJ and TBR &ndash the company added.
 
Despite this, the group still &ldquo outperformed&rdquo its 2023 initial target of eight million tonnes, it said.
 
Charles Antonny Melati, executive chairman and chief executive officer of the group, stressed that the coal market has remained strong since 2021.
 
&ldquo With Indonesia ramping up its production and achieving a record coal output of 775.2 million tonnes during the period, global constraints on coal supply gradually alleviated, resulting in normalisation of coal prices with ICI4 averaging US$62.96 per tonne in 2023, versus 2022&rsquo s US$86.06 per tonne,&rdquo he said.
 
At the same time, there was growing demand from China, which recorded a 61.8 per cent surge in its coal imports with an all-time high of 474.4 million tonnes in 2023, he added.
 
He said the group intends to continue to ramp up its production and execute its growth plans. The goal is to affirm the company&rsquo s position as one of the biggest Indonesian coal companies and realise the vision of making Geo Energy a billion-dollar business, he added.
 
As at Tuesday, Geo Energy&rsquo s market capitalisation stands at S$575.5 million.
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desmondxyz
Veteran |
28-Feb-2024 13:03
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In the same announcement u r reading, pt 6.9. https://links.sgx.com/FileOpen/GEO-EP%20SGX%20announcement%207.2.2024%20v2.ashx?App=Announcement& FileID=786280 6.9 Completion of the first tranche and second tranche of the sale of Sale Shares and issue of Warrants is expected to take place on 28 February 2024 and 28 February 2025 respectively, subject to the terms of the Equity Investment Agreement.
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lailai
Elite |
28-Feb-2024 12:22
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where u see they got say goin to buy TODAY at 45c. quote from sgx coy annoucmt say: " Out of the US$35 million, US$25 million will be for the purchase of ordinary shares in the company either through the market or directly from the company. The intention is for US$20 million to be injected into the company within eight weeks of the announcement, which was made on Wednesday (Feb 7) through an Singapore Exchange filing. Another US$5 million will be invested over a longer timeframe, with the investment expected to be completed by Mar 31, 2026. The deal also includes purchasing US$10 million of the company' s treasury shares in two equal tranches at the placement prices of S$0.45 per share and S$0.50 per share. These are expected to take place in February 2024 and February 2025."
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tccroy
Elite |
28-Feb-2024 12:16
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The Swiss is not looking at this FY23 results but they are looking at future FY starting from FY24. And now so many shareholders sold their shares to them cheaply and if course they are happy to collect and accumulate. Who knows one day they may offer cash to buy up Geo and delist them. The price is already bottom and will rebound within next one or two days later.
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wehuattogether88
Supreme |
28-Feb-2024 12:08
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Its a cheap sale now considering that Swiss is going in soon or already started to scoop from the market for their first acquisition of    US$10 million within 4 weeks from the date of the Equity Investment Agreement or in any event by 31 March 2024.  
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tccroy
Elite |
28-Feb-2024 12:03
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Yes, they are waiting at the bottom of the tree to wait for falling durians
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desmondxyz
Veteran |
28-Feb-2024 11:50
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6. EQUITY INVESTMENT 6.1 ResInvest intends to invest US$35 million in the shares of the Company by 31 March 2026 to acquire, whether from the market and/or directly from the Company (excluding shares that may be acquired from the exercise of Warrants), at least 5.5% equity stake in the Company subject to and in accordance with the terms of the Equity Investment Agreement. 6.2 Excluding the purchase of treasury shares from the Company and shares that may be acquired from the exercise of Warrants (as mentioned in paragraphs 6.3 to 6.9 below), ResInvest intends to purchase ordinary shares in the capital of the Company (&ldquo Shares&rdquo ) through open market purchases (&ldquo Market Purchases&rdquo ) for an aggregate consideration of US$20 million in accordance with the terms of the Equity Investment Agreement, comprising (i) US$10 million within 4 weeks from the date of the Equity Investment Agreement or in any event by 31 March 2024 and (ii) another US$10 million within 8 weeks from the date of the Equity Investment Agreement or in any event by 30 June 2024.  Mark the date. If I were ResInvest, I will be scooping from the market now..... |
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piscesmonkey
Supreme |
28-Feb-2024 11:49
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Sure swiss BB got buy cheap now on their own pocket 🤑 🤑 🤑
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desmondxyz
Veteran |
28-Feb-2024 11:36
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ResInvest is going to buy  14,883,333 Treasury Shares at a sale price of S$0.45 per Sale Share (&ldquo First Tranche Sale Price&rdquo ) for an aggregate consideration of S$6,697,500 today. If BB is paying 45cts per share while market price is 33.5cts now, what r u waiting for? It' s a steal. |
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ozone2002
Supreme |
28-Feb-2024 11:23
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Last:0.335        -0.055price weakness is an ppportunity to accumulate more on the cheap discount to NAV at 37c   |
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maccer
Master |
28-Feb-2024 11:21
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YES, catch the bottom up trend! HUAT AH! | ||||
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wehuattogether88
Supreme |
28-Feb-2024 11:19
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Geo should start to buy back their shares after yesterdays results to boost confidents   |
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piscesmonkey
Supreme |
28-Feb-2024 10:48
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Wating for swiss BB buying cheap now 🤑
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yamseng
Supreme |
28-Feb-2024 10:46
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prepare to see 2 series 
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piscesmonkey
Supreme |
28-Feb-2024 10:42
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Bought 325 100lots 🤑 🤑 🤑 | ||||
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