Post Reply
7941-7960 of 8062
I'm pleased with the dividends payout for Q3. Looking forward to higher payout in Q4.
Everyday ( Date: 14-Nov-2023 20:36) Posted:
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
|
|
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
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
Should be any time. The last quarter was delayed for weeks too.
JAD_Trader ( Date: 14-Nov-2023 08:28) Posted:
| Anyone knows when is next results announcement? |
|
Anyone knows when is next results announcement?
You are not alone😀
Waiting for Geo to go up
I'm hopeful Melati will give a very positive comment on the day Geo results announcement
yoga123 ( Date: 11-Nov-2023 12:59) Posted:
Thanks Bro, lets wait patiently for Geo to climb up. 👍
tccroy ( Date: 11-Nov-2023 00:49) Posted:
| Bro, up more than 8 cents u will see the profit, besides that you also received dividends for the past years. Cheer |
|
|
|
Thanks Bro, lets wait patiently for Geo to climb up. 👍
tccroy ( Date: 11-Nov-2023 00:49) Posted:
Bro, up more than 8 cents u will see the profit, besides that you also received dividends for the past years. Cheers
yoga123 ( Date: 10-Nov-2023 22:24) Posted:
| Decided to buy at 0.295 today. Now my average is at 0.375 as compared to 0.455 previously. 👍 |
|
|
|
Bro, up more than 8 cents u will see the profit, besides that you also received dividends for the past years. Cheers
yoga123 ( Date: 10-Nov-2023 22:24) Posted:
Decided to buy at 0.295 today. Now my average is at 0.375 as compared to 0.455 previously. 👍
lailai ( Date: 10-Nov-2023 16:50) Posted:
yeh, u ar rt, not easy to get at 29.0c unless u ar at beginning of que.
if u have the doe, buying at 29.5 now is oso very cheap.
out of 2.68m sh done so far, 2.46m done at 29.5c, and the remainder 0.22m done at 29.0.
92% done at 29.5c, tink mostly buying for long term. |
|
|
|
old news but told us something about GEE. geo from 4Q24 will consol GEE
Golden Eagle aims for 20% sales growth next year
21 December 2022 07:23
JAKARTA &ndash PT Golden Eagle Energy Tbk (SMMT) sets the coal sales growth target to 15%-20% in 2023. By the end of this year, the company expects sales to reach IDR 951,65 billion.
Roza Permana Putra, President Director of Golden Eagle Energy, believed that the prospect of coal prices will remain promising next year. " The company will also gradually increase the shipping ratio (SR) so that the long-term mining can be sustained, while being able to open up new pits," he said in the public expose treatise quoted Wednesday (21/12).
According to Putra, the new specifications of coals produced by SMMT will adopt the price according to Indonesia Coal Index (ICI) 4 and ICI 3. As of November 2022, ICI 4 set the price to USD 88.41 per ton, while ICI 3 set the price to USD 125.99 per ton.
As of September 2022, the volume of coals produced by SMMT clocked up to 2.44 million tons, expecting 3.25 million tons of coals by the end of this year. In the meantime, until September 2022, the volume of coals sold reached 2.25 million tons, aiming for 3 million tons of coals sold at the end of 2022.
On top of this, the company will allocate IDR 25 billion to its capital expenditure budget in 2023. It will be taken out of its internal cash supply. " The amount of allocated capital expenditure does not exceed the operational expenditure as the coal production and hauling will be mostly led by mining contractors," Putra explained. (KR/ZH)
Good to hear despite the record increase production of Chinese coal. Only issue is the price now which is tied to crude oil.
ozone2002 ( Date: 10-Nov-2023 18:24) Posted:
|
Well done!
yoga123 ( Date: 10-Nov-2023 22:24) Posted:
Decided to buy at 0.295 today. Now my average is at 0.375 as compared to 0.455 previously. 👍
lailai ( Date: 10-Nov-2023 16:50) Posted:
yeh, u ar rt, not easy to get at 29.0c unless u ar at beginning of que.
if u have the doe, buying at 29.5 now is oso very cheap.
out of 2.68m sh done so far, 2.46m done at 29.5c, and the remainder 0.22m done at 29.0.
92% done at 29.5c, tink mostly buying for long term. |
|
|
|
Decided to buy at 0.295 today. Now my average is at 0.375 as compared to 0.455 previously. 👍
lailai ( Date: 10-Nov-2023 16:50) Posted:
yeh, u ar rt, not easy to get at 29.0c unless u ar at beginning of que.
if u have the doe, buying at 29.5 now is oso very cheap.
out of 2.68m sh done so far, 2.46m done at 29.5c, and the remainder 0.22m done at 29.0.
92% done at 29.5c, tink mostly buying for long term.
ozone2002 ( Date: 10-Nov-2023 10:21) Posted:
| Touched 29c today but cannot get at that price 🤑 |
|
|
|
yeh, u ar rt, not easy to get at 29.0c unless u ar at beginning of que.
if u have the doe, buying at 29.5 now is oso very cheap.
out of 2.68m sh done so far, 2.46m done at 29.5c, and the remainder 0.22m done at 29.0.
92% done at 29.5c, tink mostly buying for long term.
ozone2002 ( Date: 10-Nov-2023 10:21) Posted:
Touched 29c today but cannot get at that price 🤑
ozone2002 ( Date: 08-Nov-2023 09:03) Posted:
0.305 --
first thing early morning already 3m shares sold down at 30.5c |
|
|
|
Touched 29c today but cannot get at that price 🤑
ozone2002 ( Date: 08-Nov-2023 09:03) Posted:
0.305 --
first thing early morning already 3m shares sold down at 30.5c |
|
Why short sellers seem to love this stock deep deep and never let go short selling?
Something brewing?Ayamas ( Date: 08-Nov-2023 22:36) Posted:
|
cannot be too long also.. if it managed to hit a high next year.. better sell and remove from watchlist..
My POV.. can invest in other things
lailai ( Date: 09-Nov-2023 08:29) Posted:
fully agreed with wat u said.
geo is for long term, not meant to be peanut stock to worry about manipulator' s 1-2 bids up down day by day.
huge potrential when melati' s plan grow qtr to qtr,
now gee under his wing, ready to fly. cheers!
yoga123 ( Date: 09-Nov-2023 00:35) Posted:
| My view is that share prices will tend not to move in a straight line upwards but in combination of ups and downs. With the recent purchase by top management staff at 30c, it will somehow demonstrate the presence of trust and confidence in Geo share price at this level which will be the ideal support for it to propel higher from here eventually. Patience is the key. |
|
|
|
Ya, nothing to see now. Just have to wait from Q4 onwards after acquisition of GEE to look at their performance.
lailai ( Date: 09-Nov-2023 08:29) Posted:
fully agreed with wat u said.
geo is for long term, not meant to be peanut stock to worry about manipulator' s 1-2 bids up down day by day.
huge potrential when melati' s plan grow qtr to qtr,
now gee under his wing, ready to fly. cheers!
yoga123 ( Date: 09-Nov-2023 00:35) Posted:
| My view is that share prices will tend not to move in a straight line upwards but in combination of ups and downs. With the recent purchase by top management staff at 30c, it will somehow demonstrate the presence of trust and confidence in Geo share price at this level which will be the ideal support for it to propel higher from here eventually. Patience is the key. |
|
|
|
