GSS Energy    Last:0.014   -

Dark horse oil producer

Anyone noticed this guy creeping up day by day? Last 4 days were the formation of reverse hammer and 3 white soldiers. Technically it signifies a sustainable rebound.
Fundamentally it' s sound as well.

I am vested.

 

That's it.

 

I think thats a pretty good analysis down there. I think their PE business will grow substiantially given that demand on smart devices are also on the rise.

But for O& G it is still a mystery there with the oil prices fluctuating below 50 USD per barrel and not showing any signs of recovery. So i think its better to treat the O& G business as a added bonus for the time being maybe like a ' performance bonus' kind of thing. #DYODD

n3wbie      ( Date: 17-Aug-2017 22:09) Posted: if fundamentals of a company are intact,   then correction presents buying opportunities. would need to scrutinse the recent set of 1H17 results closer before I realised that their PE business is actually performing really well, core net profit increased 56% to $3.9m for 1H17 from $2.5m in 1H16. on that note, the PE business would be on track to deliver in the range of $8-10m for the year as 2H17 is seasonally stronger. (evidenced by other manufacturers as well and historically for GSS). on that basis, the PE business is presently valued at about 7x FY17 PE (ex-cash PE of about 6.2x). This is way below that of the other peers which are easily at about 10x PE.  while the overall headline number does not look great, it is important to note that 1H16 was boosted by one-off divestment gain and 1H17 continues to be weighed by the expenses incurred for the oil business which is in the preparation phase for drilling. interesting to also learn that the oil business has a price recovery mechanism, thereby all expenses incurred thus far would be recovered once they hit first oil which is expected to be soon based on recent guidance in their results. important for investors to value the company based on sum of parts valuation as both PE and O& G are distinctly different businesses. good opportunity to accumulate with this sell-off. of course, market risks prevail so dyodd, just sharing my 2 cents worth of analysis.

 

if fundamentals of a company are intact,   then correction presents buying opportunities. would need to scrutinse the recent set of 1H17 results closer before I realised that their PE business is actually performing really well, core net profit increased 56% to $3.9m for 1H17 from $2.5m in 1H16. on that note, the PE business would be on track to deliver in the range of $8-10m for the year as 2H17 is seasonally stronger. (evidenced by other manufacturers as well and historically for GSS). on that basis, the PE business is presently valued at about 7x FY17 PE (ex-cash PE of about 6.2x). This is way below that of the other peers which are easily at about 10x PE. 

while the overall headline number does not look great, it is important to note that 1H16 was boosted by one-off divestment gain and 1H17 continues to be weighed by the expenses incurred for the oil business which is in the preparation phase for drilling. interesting to also learn that the oil business has a price recovery mechanism, thereby all expenses incurred thus far would be recovered once they hit first oil which is expected to be soon based on recent guidance in their results.

important for investors to value the company based on sum of parts valuation as both PE and O& G are distinctly different businesses. good opportunity to accumulate with this sell-off. of course, market risks prevail so dyodd, just sharing my 2 cents worth of analysis.

 

This has dropped to a very interesting level.. PE of 5 now... can start to slowly accummulate

 

http://www.scmp.com/country-reports/business/topics/singapore-national-day-2017/article/2105725/twin-business-model

 

Exactly... Barcalo, you have any GSS shares on hand now??

Barcalo      ( Date: 16-Aug-2017 17:14) Posted: Hmm......this dark horse become mad horse? Good results but keep dropping....

 

Hmm......this dark horse become mad horse?
Good results but keep dropping....

 

GSS issued Q2 result, the precision engineering keep double digit increase, even profit margin decease due to previous one off transactions, the result still very strong, personaly take view to buy it

 

Giken chiong arh...

 

This rule of announcement always taken too lightly and SGX seem to tolerate the excuses by SSH. SGX better wake up !!!! Someone should write in to complain about the many late filings nowadays. Good luck  

Rave7296      ( Date: 28-Jul-2017 22:16) Posted: If CEO sell his shares there will be announcement since he is SSH and definitely will have news on this. Since not announced, means he not yet sold seesong89      ( Date: 28-Jul-2017 12:09) Posted: Is it True? dont see any announcement in SGX or news...

 

Yep, no SGX filing on CEO selling recently.   Interesting that he bought in at 17.5 cents in Apr.    

 

If CEO sell his shares there will be announcement since he is SSH and definitely will have news on this. Since not announced, means he not yet sold

seesong89      ( Date: 28-Jul-2017 12:09) Posted: Is it True? dont see any announcement in SGX or news.... Barcalo      ( Date: 28-Jul-2017 09:43) Posted: Company CEO selling away his shares.

 

very interesting. unless you are privy to certain information but from SGX' s announcements, the CEO last purchased 1.4m shares at 17.5c in Apr. 

mind sharing your knowledge?

Barcalo      ( Date: 28-Jul-2017 09:43) Posted: Company CEO selling away his shares.

 

Insider is selling??

 

lol the Bbs are the shortists...this week is not gd to buy...all selling..

Adtower      ( Date: 27-Jul-2017 11:47) Posted: So many shortists this whole week..need some bb come in to trap shortists xiongshi      ( Date: 27-Jul-2017 11:15) Posted: wow, good, lets collect some

 

i also wonder if true or not.
so easy on this forum to just say something to make people turn negative...
back in May there were such very good reports about its precision engineering business and O& G business with the agreement with PT Pertamina. And now suddenly all is bad ?   Or did i miss some recent developments that contradict earlier reports in which they gave a TP of $ 0.23 ? 

seesong89      ( Date: 28-Jul-2017 12:09) Posted: Is it True? dont see any announcement in SGX or news.... Barcalo      ( Date: 28-Jul-2017 09:43) Posted: Company CEO selling away his shares.

 

Is this the one?

GSS Energy (GSSE SP S$0.159) &ndash SELL  R2: 0.167  R1: 0.162  S1: 0.155  S2: 0.152  (Review 3: -5.36% since 1st BUY call on 02/06). Primary trend: Uptrend. Weekly DMI is positive (+DI: 28.3> -DI: 20.3), ADX: 39. Sell long bullish pennant breakout failure.  Intermediate trend: High of 0.181 on 20/07. Price action is below 20/50day EMA(0.169/167). MACD is above the 0 line. RSI: 35.4. Triggered our stop loss at 0.16.  Strategy: Traders may sell now or during a rebound to near R1(0.162) or if break below S1(0.155). Not a short-sell call. Cease coverage for now.

parallax      ( Date: 28-Jul-2017 12:30) Posted: CIMB rating is now SELL.

 

CIMB rating is now SELL.

 

When? How much shares sold?

Barcalo      ( Date: 28-Jul-2017 09:43) Posted: Company CEO selling away his shares.