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Black Gold Industry Discussion
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JAD_Trader
Veteran |
17-Nov-2023 13:48
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What' s so special about Geo that shorties love deep deep? Keep shorting months and months. Are they fans of Bee Gees? How deep is your love....?
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yoga123
Master |
17-Nov-2023 12:46
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Anyway,  my view is that patience is always important when it comes to stocks, since we do not have any control over its price movement.
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lailai
Elite |
17-Nov-2023 11:48
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they selling 28.5/29.0, if u keen to pic. gotta resp them, from 29.0 buy q they can suddenly withdraw and change to 28.5c, early in morn. now got 3mil sellin at 29.0 who knos wat they can do with 28.5 buy q in next wk. unless geo sbb to support, otherwise at shorties manip. ![]()
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JAD_Trader
Veteran |
17-Nov-2023 11:42
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Not an expert, but from the chart, it seems need a little more patience is needed before price can rally. DYDD!!
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Ayamas
Senior |
16-Nov-2023 16:51
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Where are the short sellers...I wanna buy more! | ||||
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yoga123
Master |
15-Nov-2023 22:41
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Yeah Bro, the last part was an eye opener just like the icing on the cake for us supporters.   Patience is the key.     ![]()
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Ayamas
Senior |
15-Nov-2023 22:10
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lol read quarterly report bro. They produced 5.9MT for Jan to Sep and their 2023 targey is 8MT so they should produce 2.1MT in Q4 la. And Q4 average prices are higher. their EPS for Q3 is 1.1+ cents so 30% is 0.4 cent lo as per dividend policy. Those news reports comparing 2022 and 2023 are out of their minds cos the coal price was so different then.
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ozone2002
Supreme |
15-Nov-2023 18:02
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I like the last part of becoming a billion dollar company but Geo share price isn' t reflecting that 🤪
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JAD_Trader
Veteran |
15-Nov-2023 17:41
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I know nuts about your calculations but I like to see we are going to huat soon....
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ozone2002
Supreme |
15-Nov-2023 13:33
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*Geo Energy* Q3 net profit falls 68% YoY to US$11.5m amid lower coal prices, weaker sales.  Declared an interim dividend of 0.4 cent per share (prior 1 ct).
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ozone2002
Supreme |
15-Nov-2023 13:04
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0.29      ![]() 4m sold down 🤪 |
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ahberngh
Elite |
15-Nov-2023 11:16
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When will our SGX see the light, if ever.
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Joelton
Supreme |
15-Nov-2023 11:08
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Geo Energy Q3 net profit falls 68% amid lower coal prices, weaker sales
 
INDONESIAN coal producer Geo Energy Resources : RE4 0% posted a 68 per cent decline in net profit to US$11.5 million for the third quarter ended Sep 30, 2023, from US$35.7 million a year earlier.
 
Revenue over the same period fell 33 per cent to US$111 million, from US$164.7 million a year ago.
 
For Q3, the company declared an interim cash dividend of S$0.004 per ordinary share, as compared to the dividend of S$0.01 per ordinary share that it declared over the same period a year earlier. The interim dividend will be paid on Nov 29, after the ex-dividend date of Nov 21, 5 pm.
 
Earnings per share stood at S$0.0113 for the period, from S$0.0359 a year earlier.
 
In its earnings release on Tuesday (Nov 14), Geo Energy attributed the lower revenue to lower sales volume and average selling price, noting that the average Indonesian Coal Index Price for 4,200 GAR (gross as received) coal fell to US$52.07 per tonne in Q3, from US$82.20 per tonne a year earlier.
 
It added that the group delivered coal sales of 2.2 million tonnes in Q3, from the 2.4 million tonnes that it delivered in the same period a year ago.
Cash profit per tonne from coal mining also averaged US$9.80 per tonne over the same period, down from US$25.63 per tonne a year earlier after accounting for lower Indonesian domestic sales prices, as well as the decrease in coal index price and average selling price.
 
Still, the group expects positive demand-supply dynamics to strengthen the near-term outlook of coal prices.
 
It noted that heightened tensions in the Middle East may discourage investments into an Eastern Mediterranean pipeline to transport natural gas to Europe. This could further delay the energy transition and lead to continued reliance on coal, it said.
 
Said Geo Energy chief executive Charles Antonny Melati: &ldquo In addition, the looming winter season and strong rise in electricity demand to sustain economic growth in China and India further fuels coal demand.&rdquo
 
Furthermore, it noted that the coal price index has continued to outperform pre-Covid levels as it remains in demand for power generation globally.
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ahberngh
Elite |
15-Nov-2023 11:07
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Short-Selling Ban Sparks Biggest Rally in Korean Stocks Since 2020.  South Korean stocks soared after the country reimposed a full ban on short-selling, a controversial move that regulators said was needed to stop the illegal use of a trading tactic deployed regularly by hedge funds and other investors around the world.6 Nov 2023 | ||||
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lailai
Elite |
15-Nov-2023 08:50
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those who cannot get at 29.0 ytd, good chance of getting soon, cum div. po q selling at 2.6mil sh. wataopport.
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Ayamas
Senior |
15-Nov-2023 00:06
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Q3 average IC4 52.07 average ASP 49.68 average cost 39.88 (reduced from 50.07 in Q2) profit 9.88 Q4 ASP is higher and company should produce 2.1MT to hit 8MT for 2023 target. 0.4 cent dividend for Q3 is already the minimum at 30% profit so next quarter should get at least 1 cent. Huat ah! |
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Ayamas
Senior |
14-Nov-2023 23:22
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Yay!!!! Was so worried about making Q3 losses. Q4 should be good then! Wheeee | ||||
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yoga123
Master |
14-Nov-2023 22:54
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With that in mind, we can wait patiently and look forward in 60 cents as a estimated target price in future. 60 cents was achieved previously on  19 Apr 2022 apparently.     ![]()
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desmodeus
Veteran |
14-Nov-2023 21:36
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market cap is 410m now. to reach 1000m, share price must at least double... | ||||
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tccroy
Elite |
14-Nov-2023 21:30
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I'm pleased with the dividends payout for Q3. Looking forward to higher payout in Q4.
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