Geo Energy Resource *Official* (SGX:RE4)

hellclown

Arch-Supremacy Member
Joined
Apr 13, 2003
Messages
12,899
Reaction score
1
i vested few mths ago. din buy at the btm that happened recently..
 

hellclown

Arch-Supremacy Member
Joined
Apr 13, 2003
Messages
12,899
Reaction score
1
Wah what happened previously ah? As in how come u guys kanna burnt
 

Shion

Senior Mentor
Joined
Oct 24, 2008
Messages
359,260
Reaction score
109,433
Coal miner Geo Energy sees unit's US$300m notes offering more than 3 times oversubscribed

Coal miner Geo Energy sees unit's US$300m notes offering more than 3 times oversubscribed

http://www.straitstimes.com/busines...units-us300m-notes-offering-more-than-3-times

SINGAPORE - Singapore-listed Indonesian coal mining group Geo Energy Resources said the US$300 million notes offering of its subsidiary, Geo Coal International Pte Ltd, was more than three times oversubscribed, reaching a total order book of over US$1.2 billion.

The 5-year notes have a coupon rate of 8 per cent, and mature on Oct 4, 2022. They are rated B2 by Moody's Investors Service, B by Standard and Poor's Ratings Services and B+ by Fitch Ratings.

The notes will be issued on Oct 4, 2017, and are expected to be listed on the Singapore Exchange Oct 5, 2017.

Net proceeds from the offering will be used to redeem the outstanding S$100 million 7 per cent medium term notes that Geo Energy issued in July 2014, full repayment of the advances received from Engelhart Commodities Trading Partners (Singapore) Pte Ltd, potential acquisitions of coal mining assets, as well as for working capital and general corporate purposes, said Geo Energy.

JP Morgan, Deutsche Bank, Citic CLSA Securities and BOC International acted as the joint bookrunners and joint lead managers for the offering.
 

guards80

Senior Member
Joined
Jul 23, 2007
Messages
1,499
Reaction score
18
Geo Energy Res: Cash Dividend/ Distribution
Declared Dividend/ Distribution Rate (Per Share/ Unit) SGD 0.01
Pay Date: 05/12/2017
 

Sinkie

Greater Supremacy Member
Joined
Jan 20, 2009
Messages
86,040
Reaction score
20
44.65m (3.33%) married trade done at $0.25

anyone know who is the buyer?
 

Jupiter2017

Senior Member
Joined
Sep 2, 2017
Messages
1,476
Reaction score
0
http://www.businesstimes.com.sg/com...s-us40m-in-prepayment-for-2018-supply-of-coal
Geo Energy secures US$40m in prepayment for 2018 supply of coal
TUE, DEC 26, 2017 - 6:55 PM ANDREA SOH sandrea@sph.com.sg

INDONESIAN coal miner Geo Energy Resources has agreed to supply Engelhart CTP (Singapore), or ECTP, at least 7.5 million tonnes of coal next year, for US$40 million in prepayment.
Under the agreement, made through its wholly owned subsidiary Geo Coal International, Geo Energy will deliver thermal coal of 4,200 kcal per kg from its SDJ coal mine.
Geo Energy had in July 2016 entered into a "life of mine" agreement with ECTP to supply thermal coal over the life of the SDJ coal mine, subject to terms of the agreement.
It has since secured two coal offtake agreements with ECTP to supply four million tonnes by January 2017, and an additional seven million tonnes by December 2017.
Geo Energy said that it has fulfilled the terms of its coal offtake agreement for 2017.
Its chief executive Tung Kum Hon said that the additional prepayment from ECTP for 2017 is a testament of demand for SDJ coal and the group's ability to deliver.
"SDJ's low sulphur and ash content coal has continued to generate great demand from major Chinese power plants," he said in a statement. "ECTP plays a major role in distributing our brand of coal in China, and will also efficiently map out demand in other regions such as South-east Asia."
Geo Energy is also in the process of finalising the offtake prepayment and mining services contracts for its newly acquired Tanah Bumbu Resources (TBR) mine, he added.
Separately, the group has on Dec 11 appointed former Indonesian Chief Justice and Minister of Defence Mohammad Mahfud MD as a special adviser to the group, advising on legal, regulatory and other matters in Indonesia.
It also on Dec 13 appointed M Ryaas Rasyid as the president commissioner of PT Geo Energy Coalindo, to "provide greater perspective and insights" to its operations in Indonesia.

Price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=RE4.SI
 

MajinBuui

Member
Joined
Jun 16, 2011
Messages
308
Reaction score
4
Bought this one recently.
Idea was from twitter.
Seems to be very cheap at below 2 x PE.
This year the company intends to sell 12 million tonnes of coal.
25% for domestic mandatory obligation(indo) 75% to export to other countries.
usually follow ICI 4 coal prices for the 75%.
ICI 4 coal price shoot up alot for the past 10months compare to past few years.
for year 2021, its net profit is more than 2017 - 2020 combined.
year 2021 super good year, they earned so much they redeemed all their senior notes, started first ever buyback and alot of dividends.
191million USD Cash and Bank Balance as of 31Dec2021.

china/europe need prepare for winter soon. if ICI4 price stays at current level, i think will have record profit this year again.
Of course there's risk(eg ICI 4 coal price collapse by 75%, coal mine problems, anyhow allocate capital, perm export ban by indo govt) but i think the reward way outweigh the risk.
 
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Community Guidelines and Standards, Terms of Service and Member T&Cs for more information.
Top