SGD 300 mio borrowing programme.
Market Cap : SGD 341 mio. IPO back in Oct 2012.
Obama is not a friend of the coal industry and investors are running shy of coal after his recent EPA (Environmental Protection Agency) proposal to reduce emissions of coal-fired power plants. Thus coal bonds are the worst performers in the bond market year to date as a Bloomberg article noted that the only bonds that lost money this year are junk rated coal producers.
Coal Futures – Source: Bloomberg
There is little to comment about the little covered and largely insider owned (37.85% held by public) Geo Energy, with a decent set of accounts and operating in profit zone, unlike the huge negative publicity we have been getting on Bumi Resources and the dirty, physically and ......
