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

You may also be interested in:


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

Counter NameLastChange
AEM Holdings2.3000.060
Avi-Tech Electronics0.265-
Best World1.7000.020
Broadway Ind0.0960.001
China Sunsine0.390-0.010
ComfortDelGro1.360-
Delfi Limited0.930-0.035
Food Empire1.420-0.020
Fortress Minerals0.280-
Geo Energy Res0.3600.020
GSS Energy0.0270.001
Hong Leong Finance2.470-0.010
Hongkong Land (USD)3.150-0.090
InnoTek0.440-0.005
ISDN Holdings0.3200.005
ISOTeam0.035-
IX Biopharma0.041-0.004
Jiutian Chemical0.024-0.001
KSH Holdings0.250-
Leader Env0.050-
Medtecs Intl0.1310.001
Nordic Group0.335-0.005
Oxley Holdings0.090-0.001
REX International0.1460.012
Riverstone0.665-0.020
Sinostar PEC0.135-0.003
Southern Alliance Mining0.600-
Straco Corp.0.500-
Sunpower Group0.220-
The Trendlines0.085-
Totm Technologies0.021-0.002
Uni-Asia Group0.815-
Wilmar Intl3.3600.030
Yangzijiang Shipbldg1.780-0.010
 

We have 295 guests and no members online

rss_2 NextInsight - Latest News