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From 11cents placement to 4.5cents,..OMG?
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Shifu8888
Supreme |
18-Aug-2017 12:03
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This is a potential RPG, mounting debt, negative cash flow, biological fake profit, previously I mentioned $0.015, but I caution it now. Unless a massive fund raising to be done... | ||
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grateful
Senior |
17-Aug-2017 11:04
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it has oil assets of 63mil and producing oil... the worst should be behind the company now... hope the CEO who is not part of the Lee family turn this company around... give me some hope..
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makdatok
Supreme |
17-Aug-2017 10:29
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This will eventually boom...waiting for d surge patiently...hiak3 | ||
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pnuklis
Master |
17-Aug-2017 09:24
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1.6 mil cash, Trade payable 7mil, Other payable is 3.3mil and tax payable is 37 mil. There is a total borrowings of 18 mil. The company is in a bad shape and the stock keep going up?  | ||
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Shifu8888
Supreme |
17-Aug-2017 08:45
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Watch the pump today..... and dump thereafter.... Kembangan bb needs to let go as he has probably collected enough with many proxy accounts. Be careful... my views.
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Wind22i
Supreme |
17-Aug-2017 08:32
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MEDIA RELEASE
Page 1 of 4 INCORPORATED IN SINGAPORE COMPANY REGISTRATION NO. 199905693M LOYZ ENERGY LIMITED 15 Hoe Chiang Road Tower Fifteen, #06-01A Singapore 089316 Tel: +65 6521 9048 Fax: +65 6225 4945 Loyz Energy Reverses Losses, Posts US$12.9 Million in Net Profit for FY2017 Group delivers fourth consecutive quarter of profits with its conscientious efforts in strengthening its financial position Drilling campaign supported by cash flows generated from the Thailand onshore oil concessions, resulted in discovery of new reserves which will be independently certified Group will continue to drive growth through further development of the Thailand onshore oilfields and expansion into earnings accretive opportunities to enhance value for shareholders SINGAPORE 1 7 A UGUST 2017 For immediate release Loyz Energy Limited (?Loyz Energy? or the ?Company?, and together with its subsidiaries, the ?Group?) announced today that it had achieved four consecutive quarters of profits and registered a net profit attributable to shareholders of US$12.9 million for the financial year ended 30 June 2017 (?FY2017?), a reversal from a net loss attributable to shareholders of US$19.5 million for the financial year ended 30 June 2016 (?FY2016?). The markedly improved set of results mainly stemmed from (i) the US$19.4 million gain in other income arising from the successful renegotiation of the consideration for the Group?s purchase of the Thailand onshore oil concessions (the ?Concessions?) from Carnarvon Thailand Limited (?Carnarvon?) (ii) the Group?s continuous cost optimisation effort and (iii) the strengthened financial position of the Group through reduction of liabilities and increase in equity. However, the protracted down cycle of the oil and gas industry and weak oil price resulted in an impairment of goodwill in relation to the Concessions of US$6.5 million in FY2017. Revenue declined by 16.5% from US$10.7 million in FY2016 to US$9.0 million in FY2017, on the back of a 31.5% decrease in oil production volume from the Concessions from 313,702 barrels in FY2016 to 214,895 barrels in FY2017. The reduction in oil production volume was due to natural decline of existing wells over the year. The drilling campaign for the Concessions was successfully completed for 2017. With new reserves discovered, the Group plans to ride on the expected oil price recovery in the coming years with its primary focus on developing reserves and increasing production. Commenting on the full-year results, Mr. Jeffrey Pang (彭 润 程 ), Chief Executive Officer and Executive Director of Loyz Energy said, ?We are appreciative of our partners, |
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Shifu8888
Supreme |
17-Aug-2017 07:34
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What a "remarkable" piece of results... but.... hold it...hold it.... why is the "profit" not reflected in the cash balance and cash flow? The net cash flow is basically zero and the company seems running out of cash.
What is this "derecognition" thingy that cause the "profit" to ARTIFICIALLY swell? Well, SGX kindly put this in your radar for another potential Yuuzoo or Noble who is doing the "biological accounting"... Beware....BB may roti prata the stock, doing distribution and there is a huge shareholder (REx) waiting to dump. Make sure no one is scorched here. Take care. Don't be tricked. A potential Resource Prima here.... |
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eGolden
Senior |
01-Sep-2015 11:53
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Agree, give you a tumb up. I kanna EMAS where no chance for me to escape since opening. Where got IPO at $1.21, people want to sell of at 80cents on the first day. These people should be getting the shares much cheaper than 80cents do that.
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grateful
Senior |
01-Sep-2015 11:33
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Agree that the family of companies always create false hopes.   Always got into them at the wrong time.   Hope the RTO with Primeline Energy goes through and the family will become minority... existing public shareholders will become super minority. haiz...   
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pnuklis
Master |
26-Aug-2015 16:01
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That sounds like a similar story as that of EMAS IPO price of $1.30 end last year to present  0.26 cents. What do you expect from the Lee' s. Adrian is Lionel' s brother. Every one must do their homework before they buy??? See all their companies Ezra, Emas, Triyards, Select and even Ezion where Senior is the Chairman - same story. Still want to vest in that company. |
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johnng
Supreme |
26-Aug-2015 15:46
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From 11cents placement to 4.5cents,..OMG? |
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