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Geo Energy Res
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Black Gold Industry Discussion
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Ayamas
Senior |
15-Nov-2023 22:10
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lol read quarterly report bro. They produced 5.9MT for Jan to Sep and their 2023 targey is 8MT so they should produce 2.1MT in Q4 la. And Q4 average prices are higher. their EPS for Q3 is 1.1+ cents so 30% is 0.4 cent lo as per dividend policy. Those news reports comparing 2022 and 2023 are out of their minds cos the coal price was so different then.
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ozone2002
Supreme |
15-Nov-2023 18:02
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I like the last part of becoming a billion dollar company but Geo share price isn' t reflecting that 🤪
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JAD_Trader
Veteran |
15-Nov-2023 17:41
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I know nuts about your calculations but I like to see we are going to huat soon....
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ozone2002
Supreme |
15-Nov-2023 13:33
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*Geo Energy* Q3 net profit falls 68% YoY to US$11.5m amid lower coal prices, weaker sales. Declared an interim dividend of 0.4 cent per share (prior 1 ct).
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ozone2002
Supreme |
15-Nov-2023 13:04
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0.29  -0.0054m sold down 🤪 |
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ahberngh
Elite |
15-Nov-2023 11:16
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When will our SGX see the light, if ever.
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Joelton
Supreme |
15-Nov-2023 11:08
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Geo Energy Q3 net profit falls 68% amid lower coal prices, weaker sales
INDONESIAN coal producer Geo Energy Resources : RE4 0% posted a 68 per cent decline in net profit to US$11.5 million for the third quarter ended Sep 30, 2023, from US$35.7 million a year earlier.
Revenue over the same period fell 33 per cent to US$111 million, from US$164.7 million a year ago.
For Q3, the company declared an interim cash dividend of S$0.004 per ordinary share, as compared to the dividend of S$0.01 per ordinary share that it declared over the same period a year earlier. The interim dividend will be paid on Nov 29, after the ex-dividend date of Nov 21, 5 pm.
Earnings per share stood at S$0.0113 for the period, from S$0.0359 a year earlier.
In its earnings release on Tuesday (Nov 14), Geo Energy attributed the lower revenue to lower sales volume and average selling price, noting that the average Indonesian Coal Index Price for 4,200 GAR (gross as received) coal fell to US$52.07 per tonne in Q3, from US$82.20 per tonne a year earlier.
It added that the group delivered coal sales of 2.2 million tonnes in Q3, from the 2.4 million tonnes that it delivered in the same period a year ago.
Cash profit per tonne from coal mining also averaged US$9.80 per tonne over the same period, down from US$25.63 per tonne a year earlier after accounting for lower Indonesian domestic sales prices, as well as the decrease in coal index price and average selling price.
Still, the group expects positive demand-supply dynamics to strengthen the near-term outlook of coal prices.
It noted that heightened tensions in the Middle East may discourage investments into an Eastern Mediterranean pipeline to transport natural gas to Europe. This could further delay the energy transition and lead to continued reliance on coal, it said.
Said Geo Energy chief executive Charles Antonny Melati: &ldquo In addition, the looming winter season and strong rise in electricity demand to sustain economic growth in China and India further fuels coal demand.&rdquo
Furthermore, it noted that the coal price index has continued to outperform pre-Covid levels as it remains in demand for power generation globally.
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ahberngh
Elite |
15-Nov-2023 11:07
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Short-Selling Ban Sparks Biggest Rally in Korean Stocks Since 2020. South Korean stocks soared after the country reimposed a full ban on short-selling, a controversial move that regulators said was needed to stop the illegal use of a trading tactic deployed regularly by hedge funds and other investors around the world.6 Nov 2023 | ||||
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lailai
Elite |
15-Nov-2023 08:50
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those who cannot get at 29.0 ytd, good chance of getting soon, cum div. po q selling at 2.6mil sh. wataopport.
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Ayamas
Senior |
15-Nov-2023 00:06
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Q3 average IC4 52.07 average ASP 49.68 average cost 39.88 (reduced from 50.07 in Q2) profit 9.88 Q4 ASP is higher and company should produce 2.1MT to hit 8MT for 2023 target. 0.4 cent dividend for Q3 is already the minimum at 30% profit so next quarter should get at least 1 cent. Huat ah! |
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Ayamas
Senior |
14-Nov-2023 23:22
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Yay!!!! Was so worried about making Q3 losses. Q4 should be good then! Wheeee | ||||
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yoga123
Elite |
14-Nov-2023 22:54
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With that in mind, we can wait patiently and look forward in 60 cents as a estimated target price in future. 60 cents was achieved previously on 19 Apr 2022 apparently. 
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desmodeus
Veteran |
14-Nov-2023 21:36
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market cap is 410m now. to reach 1000m, share price must at least double... | ||||
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tccroy
Elite |
14-Nov-2023 21:30
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I'm pleased with the dividends payout for Q3. Looking forward to higher payout in Q4.
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desmodeus
Veteran |
14-Nov-2023 21:27
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I like management with vision, not those that coast along. Commenting on the business update and outlook for the Group, Mr Charles Antonny Melati, Executive Chairman & Chief Executive Officer of Geo Energy said: &ldquo The rising geopolitical issues in the Middle East in October 2023 added to the risk of further disruptions in the energy transition, especially by straining European gas supplies. Europe' s commitment to climate change and emissionreduction policies has prompted a shift toward gas for power generation. The heightened Middle East conflicts might discourage global investors from investing in the Eastern Mediterranean pipeline that will transport natural gas to Europe2 , resulting in further delays in energy transition and continued reliance on coal. In addition, the looming winter season and strong rise in electricity demand to sustain economic growth in China and India further fuels coal demand. The Group has expanded its presence in South Sumatra through acquiring a controlling stake in an IDX-listed coal mining group with ready-for-development world-class infrastructure, which will unlock higher operational efficiency and allow the ramping up of production to 25 million tonnes per annum for the Group. This brings Geo Energy to greater heights and strengthens its position in the Indonesian coal market and surrounding regions as one of the top coal players in Indonesia. The Indonesian Government has advocated for the switch to EVs to accelerate the transition to cleaner energy after severe air pollution hit the Capital3 . The EV market, as one of the rapidly growing new energy sectors, continues expanding. McKinsey projected that total new energy investments will increase from US$1.5 trillion in 2021 to between US$2 and 3.2 trillion in 2040. Our recent investment into the Indonesian EV business with an initial US$4 million convertible loan into Charged Asia Pte Ltd (&ldquo CAPL&rdquo ) will allow us to enter this lucrative market, given the robust EV market prospects. CAPL showcases strong growth potential with the grand launch event held at Formula E Grand Prix Circuit Ancol for special media coverage and VIP lists, including special guest Jorge Lorenzo, 3x MotoGP World Champion, followed by the biggest motorcycle exhibition at IMOS+, which targeted sales numbers from regular customers. Positive feedback and testimonials from more than 200 media news sources has been received. As part of the Group&rsquo s commitment towards rewarding our shareholders for their continued support and confidence in us, we continue to declare an interim dividend of 0.4 SG cent for 3Q2023. Together with the first two interim dividends in 2023 and final dividend of 2022 declared and paid, these translate to a dividend yield of 19%1 . The Group believes that with the successful execution of its plans, Geo Energy&rsquo s value will continue to rise towards realising its vision of becoming a billion-dollar business.&rdquo |
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Everyday
Elite |
14-Nov-2023 20:36
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Geo Energy reports 9M2023 net profit of US$39.5 million and declares a third interim dividend of 0.4 SG cents per share 3Q2023 and 9M2023 Highlights &bull The Group achieved revenue of US$111.0 million and US$350.8 million for 3Q2023 and 9M2023 respectively and the average Indonesian Coal Index Price for 4,200 GAR (&ldquo ICI4&rdquo ) was US$52.07 and US$64.33 for 3Q2023 and 9M2023 respectively. &bull The Group delivered coal sales of 2.2 million tonnes in 3Q2023, mainly comprising 1.8 million tonnes and 0.4 million tonnes of 4,200 GAR coal from the TBR and SDJ coal mines respectively. &bull EBITDA for 3Q2023 was US$22.6 million (3Q2022: US$59.8 million) with a margin of 20% and net profit was US$11.5 million and US$39.5 million for 3Q2023 and 9M2023 respectively. &bull Declares an interim dividend of 0.4 SG cent for 3Q2023, and together with dividend declared and paid for 2Q2023, 1Q2023 and 4Q2022, these translate to a dividend yield of 19%1 . https://links.sgx.com/1.0.0/corporate-announcements/8Y2XAHBN9S93N0EK/2c9e0be09907ba976020d3092f427f51f84168c222d54c9096be0970deb25381 |
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tccroy
Elite |
14-Nov-2023 08:35
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Should be any time. The last quarter was delayed for weeks too.
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JAD_Trader
Veteran |
14-Nov-2023 08:28
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Anyone knows when is next results announcement? | ||||
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BillGoh
Member |
13-Nov-2023 19:45
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You are not alone😀 | ||||
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pikachu
Master |
13-Nov-2023 07:08
Yells: "Holy Cow!" |
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Waiting for Geo to go up | ||||
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