Geo Energy shares surge 18.3% on Jim Rogers' buying

jim-rogers-media-conferenceJim Rogers has held two media briefings at his home in connection with developments at Geo Energy Resources. NextInsight file photo

WORLD-FAMOUS investor Jim Rogers, who lives in Singapore, has made his first purchase of shares of Geo Energy Resources today.

A Non-Executive Director of the company, Rogers acquired 1,700,000 shares at S$0.355 each for a total of S$603,500. 

The share price closed up 6.5 cents,or 18.3%, at 42.5 cents.

The stock traded on massive volume of 152.9 million shares, which was about 15X the average daily volume in the past three months. 

For 1H2013, Geo Energy posted a 14% increase in net profit to US$10.4 million.
 
The Group benefited from an increase in coal production and sales from its own BEK mining concession coupled with an increase in equipment rental income.

In addition, new business activities -- namely mining services and coal trading -- also contributed additional revenue, resulting in an overall 11% increase in revenue to US$50.0 million.

On the flip side, there was negative impact  from the termination of the Group’s coal cooperation contracts and a decrease in the average selling price by US$27.5 per tonne from US$62.2 per tonne in HY2012 to US$34.7 per tonne in HY2013.
 


Recent article: GEO ENERGY: Growth strategy to counter volatile coal prices

 

 



Roxy-Pacific shares up 5% on bonus news

thl_feb2011Roxy chairman and CEO Teo Hong Lim. NextInsight file photoShares of Roxy-Paciifc Holdings today shot up 3.5 cents, or 5%, to close at 72.5 cents after the company proposed a bonus share issue of 1 bonus share for every 4 ordinary shares held.

This is the second bonus issue by Roxy-Pacific since its listing in 2008.

The first took place only last April whereby 1 bonus share was given for every 2 ordinary shares.

Adjusted for the 2012 bonus issue, Roxy-Pacific's share price would have been 20 cents at its IPO (unadjusted: 30 cents). 

This translates into a 262% gain in the stock price over the past 5 years or so, which in turn is an average of 52% a year -- thanks no doubt to, chiefly, the strong earnings growth of the business and its future prospects.

Recent story: ROXY-PACIFIC: $1.1 Billion In Revenue Yet To Be Booked

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Comments  

#1 Paul Neumann 2020-08-17 11:10
Hello Jim

Have you added any more shares to the 1,700,000 shares of Geo Energy you purchased in August 2013?

As you are interested in Indonesian coal mining, why did you not invest in Indonesian coal miners directly on the Jakarta Stock Exchange?

Thanks for your attention and regards!
Paul Neumann

You have no rights to post comments

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