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bingo. vest within own means.
Higher oil price can help eneco. Even trying to exit, they could sell the assets at higher price if oil is high?
kt3152 ( Date: 02-Jan-2020 18:00) Posted:
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crude oil is now USD $61++
A commentary at the date of the announcement of the significant trends and competitive conditions of the industry in which the group operates and any known factors or events that may affect the group in the next reporting period and the next 12 months.
Logistics Business
Logistics Business Operating margins,whilst under strong pressure due to the soft economic environment in Singapore are above 2018 level. This is being supported by :
(a) Our strong operational focus on efficiency
(b) Ongoing rollout of our App-based technology, and
(c) Exiting of poor value contracts.
Indonesia continues to face strong headwinds in its major new cement contract due to significantly lower volume allocations. It appears that the difficulties in Indonesia will roll through to year-end and are a drag on the overall Logistics performance. New contracts in Singapore are performing above expectation and our pipeline of new opportunities continues to strengthen. Our focus remains on growth and our operating margins.
Oil and Gas Business
The challenges in our Oil and Gas business continue. Declining production volumes have created a greater demand on cash to support the assets.
We are currently in discussion with various parties on the options available on Oil and Gas assets and as such, we are reassessing the group plan for Oil and Gas going forward.
Logistics Business
Logistics Business Operating margins,whilst under strong pressure due to the soft economic environment in Singapore are above 2018 level. This is being supported by :
(a) Our strong operational focus on efficiency
(b) Ongoing rollout of our App-based technology, and
(c) Exiting of poor value contracts.
Indonesia continues to face strong headwinds in its major new cement contract due to significantly lower volume allocations. It appears that the difficulties in Indonesia will roll through to year-end and are a drag on the overall Logistics performance. New contracts in Singapore are performing above expectation and our pipeline of new opportunities continues to strengthen. Our focus remains on growth and our operating margins.
Oil and Gas Business
The challenges in our Oil and Gas business continue. Declining production volumes have created a greater demand on cash to support the assets.
We are currently in discussion with various parties on the options available on Oil and Gas assets and as such, we are reassessing the group plan for Oil and Gas going forward.
godizion ( Date: 02-Jan-2020 17:50) Posted:
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one man meat is another one poison.
DYODD.
vested.
link not working
can copy and paste.
can copy and paste.
kt3152 ( Date: 02-Jan-2020 17:44) Posted:
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For those who are interested in this stock. Please read para 10. Company seems to be moving out the O& G business as it is not doing well and suck in their cash resources. Also please note NAV is 1.25c. NV.
https://links.sgx.com/FileOpen/EEL_Q3_2019_Financial_Results.ashx?App=Announcement& FileID=585301
https://links.sgx.com/FileOpen/EEL_Q3_2019_Financial_Results.ashx?App=Announcement& FileID=585301
DYODD stands for Do Your Own Due Diligence
Futhermore most oil and gas stocks have increased in share price except Eneco Energy.
jipon investor bought 10 millions shares at $0.105 placement in 2019. If he sees value in this company, why not us.
godizion ( Date: 02-Jan-2020 17:10) Posted:
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why will crack .. ? any new catalyst ? is this co undervalue ?
mikethong88 ( Date: 02-Jan-2020 16:12) Posted:
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slowly but surely will break
shadow11 ( Date: 02-Jan-2020 15:48) Posted:
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Ramba Energy changes name to Eneco Energy after S$10.2m placement
MAR 14, 2019
OIL and gas company Ramba Energy has changed its name to Eneco Energy following a placement of S$10.2 million worth of new shares to Eneco Investment, a management consultancy owned by a Japanese firm.
96.8 million new shares to Eneco Investment at S$0.105 per placement share. somebody see value in the company
34 clearing soon
It is given us chance to load up. Be patient my friend
Maller ( Date: 02-Jan-2020 15:40) Posted:
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wall of $0.034 slowly but surely cracking. i can see hair line cracks. Be water, my friend.
If BB comes, the one blocking run no road??
This one never up one day for the past few months? While other oil related counters up, this one down.
For shareholders who want to sell big lots, please arrange to sell it privately. Your Blocking the 0.034 will not make us any good. DYODD
For shareholders who want to sell big lots, please arrange to sell it privately. Your Blocking the 0.034 will not make us any good. DYODD
control tower, can i have your permission to take off.