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I agreed with kei3006, future looking at Geo will be earning excellent profits with the acquisitions of GEE' s business added every quarters!
fruitfulness ( Date: 05-Oct-2023 11:29) Posted:
Excellent observation and comment! Even though DMO has not been catered for, the likely huge profits for next yr (assuming M42 coal prices remain much higher than US$50 per tonne) is truly an eye opener! Once GEE purchase is approved by shareholders and smoothly executed, share price should rock and roll for a while! Hmm, to put a price tag of $2.50 to $3.00 for the share price of Geo may be a little exaggerated as of now, I truly like it very much! Surely, current share price of about $0.30 grossly undervalue the company!
kei3006 ( Date: 05-Oct-2023 10:39) Posted:
| JPMorgan says high oil price will destroy economy. For poor Asian countries where natural gas is not easily accessible, they have to depend on coal to keep their economy afloat. China market is closed for the week due to festive. According to Mr Chairman, with the acquistion of GEE, even at $40 also make money liao. This means at current price, Geo can make an additional $22 per ton, multiply by 25m tonnes, that is USD 550M a year. This is double the market capitalisation of GEO now. In the most conservative calculation, Geo share should be worth at least $2.50 to $3, which is a whopping 90% discount at current price |
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Excellent observation and comment! Even though DMO has not been catered for, the likely huge profits for next yr (assuming M42 coal prices remain much higher than US$50 per tonne) is truly an eye opener! Once GEE purchase is approved by shareholders and smoothly executed, share price should rock and roll for a while! Hmm, to put a price tag of $2.50 to $3.00 for the share price of Geo may be a little exaggerated as of now, I truly like it very much! Surely, current share price of about $0.30 grossly undervalue the company!
kei3006 ( Date: 05-Oct-2023 10:39) Posted:
JPMorgan says high oil price will destroy economy. For poor Asian countries where natural gas is not easily accessible, they have to depend on coal to keep their economy afloat. China market is closed for the week due to festive. According to Mr Chairman, with the acquistion of GEE, even at $40 also make money liao. This means at current price, Geo can make an additional $22 per ton, multiply by 25m tonnes, that is USD 550M a year. This is double the market capitalisation of GEO now. In the most conservative calculation, Geo share should be worth at least $2.50 to $3, which is a whopping 90% discount at current price.
ozone2002 ( Date: 05-Oct-2023 08:04) Posted:
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I like it.
kei3006 ( Date: 05-Oct-2023 10:39) Posted:
JPMorgan says high oil price will destroy economy. For poor Asian countries where natural gas is not easily accessible, they have to depend on coal to keep their economy afloat. China market is closed for the week due to festive. According to Mr Chairman, with the acquistion of GEE, even at $40 also make money liao. This means at current price, Geo can make an additional $22 per ton, multiply by 25m tonnes, that is USD 550M a year. This is double the market capitalisation of GEO now. In the most conservative calculation, Geo share should be worth at least $2.50 to $3, which is a whopping 90% discount at current price.
ozone2002 ( Date: 05-Oct-2023 08:04) Posted:
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JPMorgan says high oil price will destroy economy. For poor Asian countries where natural gas is not easily accessible, they have to depend on coal to keep their economy afloat. China market is closed for the week due to festive. According to Mr Chairman, with the acquistion of GEE, even at $40 also make money liao. This means at current price, Geo can make an additional $22 per ton, multiply by 25m tonnes, that is USD 550M a year. This is double the market capitalisation of GEO now. In the most conservative calculation, Geo share should be worth at least $2.50 to $3, which is a whopping 90% discount at current price.
ozone2002 ( Date: 05-Oct-2023 08:04) Posted:
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Swee...... wait for further upside next week
yoga123 ( Date: 05-Oct-2023 10:18) Posted:
Good for you Bro. 👍
tccroy ( Date: 05-Oct-2023 10:16) Posted:
| Lucky loaded at closing price of 28.5 yesterday. We can't get this price anymore |
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Good for you Bro. 👍
tccroy ( Date: 05-Oct-2023 10:16) Posted:
Lucky loaded at closing price of 28.5 yesterday. We can't get this price anymore
yoga123 ( Date: 04-Oct-2023 20:57) Posted:
| Yeah Bro, it happens sometimes when the closing price does not match according to our desired price. Nevertheless, as long as one is not contra, it should be ok if can hold as the long term potential will be rewarding |
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Lucky loaded at closing price of 28.5 yesterday. We can't get this price anymore
yoga123 ( Date: 04-Oct-2023 20:57) Posted:
Yeah Bro, it happens sometimes when the closing price does not match according to our desired price. Nevertheless, as long as one is not contra, it should be ok if can hold as the long term potential will be rewarding.
tccroy ( Date: 04-Oct-2023 17:58) Posted:
| Geo has good potential. I decided to add on at 28 after waiting to buy at 27 but price stayed on at 28 the lowest for so long. But by the way I gave up and wait at 5pm placing order at 28.5 hoping sellers at 28 will throw to me. But it never happen at all |
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Shorties expected to be banged today. Hold on to it, do not sell
GAR4200 IC 14 Coal Price - per companys presentations and JWC Indonesian Energi
The Group expects a better performance in 4Q2021, achieving its highest quarterly results ever. Indonesian Coal Index price for 4,200 GAR coal (&ldquo ICI4&rdquo ) averaged US$132.64 per tonne and US$79.34 per tonne for October and November 2021 respectively, compared to the average ICI4 of US$55.95 per tonne for 9M2021. Coal prices are expected to remain strong in December, with ICI4 of US$70.58 per tonne as at 6 December 2021. In just two m
ICI price was US$73.46 per tonne as at 19 August 2022, with the SGX M42 Futures Index indicating an average price of US$74 per tonne for the remaining of 2022. Argus Media forecasted 4200 GAR coal price to be US$81.70 per tonne in 2022.
Average selling price (&ldquo ASP&rdquo ) of US$65.76 per tonne (presentation 1h 2023) -
JWC Energi Current Coal Pirce IC 14 -$55.82
oil down cos too expensive to use la. with economy in downtrend, many countries stil prefer to buy coal instead oil.
biggest consumers china and india cont to purchase mo coal. they need mo coal to cool the heat waves, and mo coal to heat the cold winter.
btw, indonesia this yr is the biggest coal exporter in the world. can exp to see geo riding hi in near future.
but advice only touch geo if wan long term capital growth and good qtrly div, and not short term contra peanuts.
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ozone2002 ( Date: 05-Oct-2023 08:04) Posted:
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nothing wrong.. only contra need ot be worried
FrancisLim ( Date: 05-Oct-2023 08:15) Posted:
Look at the Co coal prodcut price
ICI 4
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Look at the Co coal prodcut price
ICI 4
The decrease in Cash balance can be seen from the Cash flow statement.
The main highlights are:
1st half 2023 - profit was only a third of 1st half 2022.
Cash flow from Operations before movements in Working Capital: 49 million (2022 1st half: 161 million)
Cash flow Operations (after working capital changes) 9.6 million (2022 1st half 124 million)
Income tax paid 37.7 million (2022 1st half 55 million)
Investing (property, plant, equipment purchased) 7 million
Dividends paid 47 million (2022 1st half: 71million)
Decrease in Cash Balance 83 million
Yeah Bro, it happens sometimes when the closing price does not match according to our desired price. Nevertheless, as long as one is not contra, it should be ok if can hold as the long term potential will be rewarding.
tccroy ( Date: 04-Oct-2023 17:58) Posted:
Geo has good potential. I decided to add on at 28 after waiting to buy at 27 but price stayed on at 28 the lowest for so long. But by the way I gave up and wait at 5pm placing order at 28.5 hoping sellers at 28 will throw to me. But it never happen at all.
yoga123 ( Date: 04-Oct-2023 17:40) Posted:
| I see. Looks like buyers are more willing to buy Geo now due to its vast potential. 👍 |
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Geo has good potential. I decided to add on at 28 after waiting to buy at 27 but price stayed on at 28 the lowest for so long. But by the way I gave up and wait at 5pm placing order at 28.5 hoping sellers at 28 will throw to me. But it never happen at all.
yoga123 ( Date: 04-Oct-2023 17:40) Posted:
I see. Looks like buyers are more willing to buy Geo now due to its vast potential. 👍
tccroy ( Date: 04-Oct-2023 17:19) Posted:
| I withdrew from the buying queue at 28 but loaded at 28.5 at 5pm. The trick did not work. I placed order at 5pm at 28.5 but buyers overwhelmed and bought at 28. |
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I see. Looks like buyers are more willing to buy Geo now due to its vast potential. 👍
tccroy ( Date: 04-Oct-2023 17:19) Posted:
I withdrew from the buying queue at 28 but loaded at 28.5 at 5pm. The trick did not work. I placed order at 5pm at 28.5 but buyers overwhelmed and bought at 28.5
yoga123 ( Date: 04-Oct-2023 17:15) Posted:
| Bro, I guess you managed to buy at 28 cents. 👍 |
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I withdrew from the buying queue at 28 but loaded at 28.5 at 5pm. The trick did not work. I placed order at 5pm at 28.5 but buyers overwhelmed and bought at 28.5
yoga123 ( Date: 04-Oct-2023 17:15) Posted:
Bro, I guess you managed to buy at 28 cents. 👍
tccroy ( Date: 04-Oct-2023 12:16) Posted:
Yes , I did that too. But I'm doing it just to try my luck in case the price make a U turn after I bought it.
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Bro, I guess you managed to buy at 28 cents. 👍
tccroy ( Date: 04-Oct-2023 12:16) Posted:
Yes , I did that too. But I'm doing it just to try my luck in case the price make a U turn after I bought it.
yoga123 ( Date: 04-Oct-2023 12:10) Posted:
| Just a casual suggestion for you Bro, if I am buying at 28 cents, I will submit buy order at 28.5 cents between 5pm - 5.03pm, and hope that it gets filled at 28 cents instead. Sometimes that happens during the auto matching of orders at market close |
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Today whole market very weak, I think courtesy of US.
