JR acquired 1.7mm shares at 35.5cts on 22aug. JR also has a 10yr call option for 2mm shares at 35cts exercisable after 1Jan 2015. JR is a long term investor.....Buy and hold........can we do the same?
JR may make tons of money from some investments, however, he may also invest wrongly from time to time. Don't forget, Geo Energy is controlled by Indonesians, can we rust Indonesian businessmen based on records?
History of this. 22-08-2013. When news leaked Uncle Jim Acquired 1.7 Million Shares At S$0.355 Each. Price high at 0.42. When the rush fever ease...price start to drop... Uncle Jim after all an 70 plus old man.
i think the impact of the ore export ban should have minimum influence on geo energy. PT Parisma Jaya Abadi one of the geo's customer own its smelter and thus exempted from the ban
Geo made USD 48.5mil on 1H2021 and USD 18.6mil on July alone (while coal price around USD 60). Coal is now standing around 80+, it's expected Geo earning to achieve EPS SGD 17c on FY2021. PE less than 1.5 times at current price.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
sgx_swinger
18 posts
Posted by sgx_swinger > 2013-04-18 16:43 | Report Abuse
geoenergy may be a good buy at 48 for a quick punt