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GSS ENERGY - The NEW ENERGY PLAY BULL

 Post Reply 1421-1440 of 1489
 
ody2004     26-Dec-2019 10:29  
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Strong buying at 93.. look good
 
 
ody2004     26-Dec-2019 09:19  
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today GSS Turn... 100 tgt
 
 
ody2004     19-Dec-2019 13:54  
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What the NAV?

hmmhmm      ( Date: 19-Dec-2019 13:53) Posted:

might hit NAV soon....

 

 
hmmhmm     19-Dec-2019 13:53  
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might hit NAV soon....
 
 
ody2004     19-Dec-2019 13:34  
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Lai liao
 
 
ody2004     19-Dec-2019 12:17  
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Chart look good.. should be the next one to move
 

 
johnng     18-Dec-2019 14:13  
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CHIONG ARH!!
 
 
Starwar88     13-Dec-2019 16:31  
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Tough. Whole day 86/87.

Sgvale      ( Date: 13-Dec-2019 16:06) Posted:


92 Today

 
 
Sgvale     13-Dec-2019 16:06  
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92 Today
 
 
danger     11-Dec-2019 08:45  
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Sgvale you kena stuck what price ?

Sgvale      ( Date: 11-Dec-2019 08:38) Posted:

Today is a buy

 

 
Starwar88     11-Dec-2019 08:43  
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Gss most likely will follow Rex?

Sgvale      ( Date: 11-Dec-2019 08:38) Posted:

Today is a buy

 
 
Sgvale     11-Dec-2019 08:38  
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Today is a buy
 
 
Sgvale     07-Dec-2019 12:29  
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Last year we saw the act of Opec oil production cut to help sustain oil price recovery fr low USD$45 to now USD$60.

With more substantial pledge of oil production cut this year, oil price may see USD$75 -USD$80 next year.
 
 
Sgvale     06-Dec-2019 07:50  
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ASIAN equity markets were in a cheery mood after reports indicated that US China deal soon.

https://www.businesstimes.com.sg/companies-markets/optimism-over-us-china-deal-sends-sti-up?xtor=CS3-24
 
 
Sgvale     05-Dec-2019 06:35  
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The Saudi Arabia-led cartel and Russia (collectively called "OPEC+") are widely expected to announce in Vienna on Friday an agreement to extend production cuts . The US shale oil revolution is the biggest contributor to the coming gush of oil. Need US cooperation to cut la. US is hijacking the world markets with the trade deal & shale oil production!!!
 

 
Sgvale     04-Dec-2019 20:53  
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The latest: Bloomberg reports that despite the noise this week, the United States and China are moving closer to a trade deal. Recent legislation supporting pro-democracy protesters in Hong Kong is unlikely to be a major barrier, the outlet reports, citing a person familiar with Beijing's thinking.
 
 
UncoolChip5     02-Dec-2019 14:53  
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this stock is gone case for shor term. it will continue go down. beware

look at rex, maritime mermaid and dyna mac instead. i just added more these 3 . looking to run pretty soon
 
 
superstartup     02-Dec-2019 13:21  
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Agree

Sgvale      ( Date: 02-Dec-2019 13:17) Posted:

With the farm out of the oil & gas deal, GSS Energy will not have to incur more costs, while the stewardship of the oil & gas segment will be handed to the purchaser. With this, oil & gas losses should no longer weigh on GSS? profitability ahead. GSS may give dividend with its profitable precision Co.

 
 
Sgvale     02-Dec-2019 13:17  
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With the farm out of the oil & gas deal, GSS Energy will not have to incur more costs, while the stewardship of the oil & gas segment will be handed to the purchaser. With this, oil & gas losses should no longer weigh on GSS? profitability ahead. GSS may give dividend with its profitable precision Co.
 
 
UncoolChip5     01-Dec-2019 14:16  
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What do you mean in simple words? It will crash soon?

superstartup      ( Date: 01-Dec-2019 12:03) Posted:

Addition information.
GSS O& G is mainly operated by PT Sarana GSS Trembul held by its subsidiary, GSS Energy Trembul Limited.
GSS sold 80% of GSS Energy Trembul Limited for USD $1

Just sharing. Please perform your own due diligence.

From latest annual report:

P.T. Sarana GSS Trembul
n the previous financial year, the Company&rsquo s subsidiary, GSS Energy Trembul Limited. (&ldquo GETL&rdquo ) and P.T. Sarana Pembangunan Jawa Tengah (&ldquo SPJT&rdquo ) incorporated a subsidiary, P.T. Sarana GSS Trembul (&ldquo PTSGT&rdquo ) in Indonesia with a registered and fully-paid up share capital of IDR2,520,000,000 (equivalent to $270,000). GETL holds 49% of the registered share capital of PTSGT. However, GETL provided financing for the remaining 51% shares held by SPJT. Additionally, based on the contractual arrangement entered between the Group and SPJT, the Group has majority seats on the Board of Directors and Commissioners of PTSGT, to control and direct the relevant activities of PTSGT. The Group is also fully responsible for daily operation of PTSGT including management, financing activities and human resources. The working capital of PTSGT will be financed by the Group in several tranches up to IDR210 billion (equivalent to $23 million) for a period of 3 years. The financing provided by the Group will be secured by 40% equity interest in PTSGT pledged by SPJT and the loan amount including interest charged will be mandatorily converted into a fixed number of new shares in PTSGT (&ldquo Mandatory Conversion Shares&rdquo ) upon completion of the 3 years commitment period. After the conversion, the Group will directly own 89% equity interest in PTSGT. Management have determined that the above arrangements allow the Group to control PTSGT and have effectively given the Group 89% economic interest in PTSGT since 2016. This is considered an in-substance current ownership interest of 89% and therefore the Group consolidates PTSGT as a subsidiary with an 11% interest attributed to non-controlling interest.

superstartup      ( Date: 01-Dec-2019 11:49) Posted:

GSS sold its O& G biz. Sold 80% of it at USD$1.
So not much oil (left 20% interest in the subsidiary, now associate.)

See 3Q 19 announcement:
" On 17 June 2019, the Company entered into a sale and purchase agreement with Oakhurst Investment Pte. Ltd. to dispose 80 Class A ordinary shares representing 80% of the issued and paid-up share capital in its wholly owned subsidiary, GSS Energy Trembul Limited (" GETL" ) (see announcement dated 18 June 2019). As at 30 September 2019, the investment in GETL is accounted as investment in associated company.

Following the disposal, the Group continues to be engaged in the precision engineering business (" PE" )." - No more mention of O& G business like in the past financial reporting.

See 18 Jun 19 announcement:
https://links.sgx.com/FileOpen/SGX-GSSEL-20190618_Disposal_of_subsidiary_GETL.ashx?App=Announcement& FileID=563782


 


 
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