Charisma Energy   

CHARISMA ENERGY SERVICES

its red flags were promiment long ago... not making enough to repay the loans.

Starship      ( Date: 25-Feb-2019 19:28) Posted: Red Flags......................... CHARISMA ENERGY SERVICES LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. 199706776D) PROFIT GUIDANCE FOR THE GROUP&rsquo S UNAUDITED FINANCIAL RESULTS FOR THE FOURTH QUARTER AND FINANCIAL YEAR ENDED 31 DECEMBER 2018 The Board of Directors of Charisma Energy Holdings Limited (the &ldquo Company&rdquo , together with its subsidiaries, collectively the &ldquo Group&rdquo ) wishes to announce a profit guidance for the unaudited consolidated financial statements for the fourth quarter ended 31 December 2018 (&ldquo 4Q2018&rdquo ) and financial year ended 31 December 2018 (&ldquo FY2018&rdquo ), following a preliminary review of the draft unaudited management results to-date. The Group&rsquo s business focus is in a transition phase from marine and offshore oil and gas industry to renewable energy business. As the operating environment for the Group remains very challenging, the Group has carried out, and is in the midst of finalising, an assessment on the impairment of its assets. While the value of the said impairments are yet to be finalised, the Group is expected to record a net loss for 4Q2018 and FY2018 from this exercise. Details of the Group&rsquo s financial performance for 4Q2018 and FY2018 will be disclosed when the Company announces its unaudited consolidated financial results, which is scheduled to be released no later than 1 March 2019. By Order of the Board Tan Wee Sin 25 February 2019

 

Red Flags.........................

CHARISMA ENERGY SERVICES LIMITED
(Incorporated in the Republic of Singapore) (Company Registration No. 199706776D)

PROFIT GUIDANCE FOR THE GROUP&rsquo S UNAUDITED FINANCIAL RESULTS FOR THE FOURTH QUARTER AND FINANCIAL YEAR ENDED 31 DECEMBER 2018

The Board of Directors of Charisma Energy Holdings Limited (the &ldquo Company&rdquo , together with its subsidiaries, collectively the &ldquo Group&rdquo ) wishes to announce a profit guidance for the unaudited consolidated financial statements for the fourth quarter ended 31 December 2018 (&ldquo 4Q2018&rdquo ) and financial year ended 31 December 2018 (&ldquo FY2018&rdquo ), following a preliminary review of the draft unaudited management results to-date.

The Group&rsquo s business focus is in a transition phase from marine and offshore oil and gas industry to renewable energy business. As the operating environment for the Group remains very challenging, the Group has carried out, and is in the midst of finalising, an assessment on the impairment of its assets.

While the value of the said impairments are yet to be finalised, the Group is expected to record a net loss for 4Q2018 and FY2018 from this exercise.

Details of the Group&rsquo s financial performance for 4Q2018 and FY2018 will be disclosed when the Company announces its unaudited consolidated financial results, which is scheduled to be released no later than 1 March 2019.

By Order of the Board
Tan Wee Sin
25 February 2019 

 

It is too late.

tanakow      ( Date: 10-Jun-2018 13:32) Posted: 0.001 coming. Get out while you can. tanakow      ( Date: 03-May-2018 11:36) Posted: I have warned some time ago it is only a matter of time it will hit 0.001. Run while you can. Sooner or later even 0.001 you have no buyer

 

In Sgx many oil related coy are like this take it as normal wait a while Termasek will said I buy a bit this share support support and resume trading again like Ezion...

Berani      ( Date: 05-Feb-2019 09:16) Posted: that day still 0.003 so many ppl buy... now suspend.... walao wei kerier      ( Date: 05-Feb-2019 08:19) Posted: not enough cash from the projects to service loans..

 

must be those shorting covering la. they know the news before it happens.

Berani      ( Date: 05-Feb-2019 09:16) Posted: that day still 0.003 so many ppl buy... now suspend.... walao wei kerier      ( Date: 05-Feb-2019 08:19) Posted: not enough cash from the projects to service loans..

 

that day still 0.003 so many ppl buy... now suspend.... walao wei

kerier      ( Date: 05-Feb-2019 08:19) Posted: not enough cash from the projects to service loans... ysh2006      ( Date: 05-Feb-2019 07:21) Posted: why suspended ? still discussion with banks for finance ?...

 

not enough cash from the projects to service loans...

ysh2006      ( Date: 05-Feb-2019 07:21) Posted: why suspended ? still discussion with banks for finance ?.... Timer78      ( Date: 12-Jan-2019 18:11) Posted: Good report. Coupled with Wind farms bids from Ezion bodes well for the future for Charisma!

 

why suspended ? still discussion with banks for finance ?....

Timer78      ( Date: 12-Jan-2019 18:11) Posted: Good report. Coupled with Wind farms bids from Ezion bodes well for the future for Charisma!

 

thought scrap already? No news about itl leh

Maller      ( Date: 13-Jan-2019 12:32) Posted: Ezion in wind farm, means any news? Dyodd

 

Ezion in wind farm, means any news? Dyodd 

 

bid few years back but didnt get anything? windfarm projects now in taiwan with POSH more likely to get such contracts in the near term.

Timer78      ( Date: 12-Jan-2019 18:11) Posted: Good report. Coupled with Wind farms bids from Ezion bodes well for the future for Charisma!

 

Good report. Coupled with Wind farms bids from Ezion bodes well for the future for Charisma!

 

Charisma Energy Services says its current move to divest its oil & gas (O& G) assets and exit the sector demonstrates its commitment to the vision of producing clean energy, in its Sustainability Report which was filed on the SGX website on Dec 27, 2018.

Currently, the company&rsquo s focus is on the development and operation of assets in the renewable energy sector. The group has hydro power plants in Sri Lanka, and solar power plants in India and China.

The Group is the largest player in the Sri Lankan mini hydro power plant sector, currently owning and operating 13 mini hydropower plants across four regions in Sri Lanka, with a total capacity of 43 MW.

The nature of the company' s business means it is affected by  climate changes.

In 2016, when Sri Lanka experienced one of the worst droughts in its history, this impacted its hydro power assets in the country and profitability suffered as a result.

In Rajasthan, India, Charisma jointly owns and operate a 140 MW solar photovoltaic power plant. The solar plant which was commissioned in December 2017, is located in the Bhadla Solar Park, which is slated to be the largest of its kind Solar Park in India once all the plants in the Park are fully commissioned.

In addition, the Group also owns and operates an agrophotovoltaic (APV) based, 20 MW solar photovoltaic power plant in the Hubei province in central China. The plant was commissioned in late January 2018.

Whilst land-based photovoltaic power plants compete with agriculture for acreage, APV plants accommodate both activities by installing solar panels above crops. This dual use of land results in resource efficiency and creates additional jobs for farmers, the Group said.

 

SGX Circus sends another of it' s half-hearted query ......................


Charisma Energy' s share price surge prompts SGX query
FRI, JAN 11, 2019 - 2:22 PM

THE Singapore Exchange (SGX) on Friday queried Charisma Energy Services on unusual share price movement as its shares tripled in value from 0.1 Singapore cent to 0.3 Singapore cent.

A total of 52.3 million shares had changed hands by 1.41pm on Friday, according to data from ShareInvestor.com. The last time the shares traded before Friday was on Dec 31 2018, when they closed at 0.1 Singapore cent.

The company had previously announced it was exiting the Singapore electricity retail market on Dec 30, 2018.


https://www.businesstimes.com.sg/companies-markets/charisma-energys-share-price-surge-prompts-sgx-query

 

Bought it at 3..lets go!!

 

Ooooooopsssss............


Charisma  Energy  Services exits electricity retailing business
SUN, DEC 30, 2018 - 6:01 PM

CATALIST-listed  Charisma  Energy  Services is exiting the electricity retailing business.

Charis Electric, a joint venture company that is 50 per cent-owned by Charisma, had obtained  an electricity retail licence in Singapore  in July 2016, but was never profitable, the group  said on Sunday.

Both joint venture partners have agreed to stop spending more resources to further support the business.

Charis Electric will be winding up via a creditors' voluntary liquidation.  Messrs Chee Yoh Chuang and Lin Yueh Hung  have been appointed to act as the joint and several liquidators of Charis.     

Originally,  Charis Electric was envisioned as a way for Charisma to  capture yet another segment of the power generation value chain.    Ezion Holdings was the joint venture partner at the time.


https://www.businesstimes.com.sg/companies-markets/charisma%C2%A0energy%C2%A0services-exits-electricity-retailing-business

 

Ezion holds more then 40% of Charisma shares. Any spill over play ?

 

lousy announcement

happyharvest      ( Date: 30-Sep-2018 00:25) Posted: PROPOSED DISPOSAL OF THE ENTIRE ISSUED ORDINARY SHARE CAPITAL OF MUSTANG OPERATIONS CENTER 1 LLC

 

PROPOSED DISPOSAL OF THE ENTIRE ISSUED ORDINARY SHARE CAPITAL OF MUSTANG OPERATIONS CENTER 1 LLC   

 

unlikely... not bankrupt