Shares & Derivatives
GSS Energy – unique and interesting business model
By Ernest Lim's investing blog  •  February 14, 2015
Pursuant to my writeup on GSS Energy (formerly known as Giken Sakata) on 1 Oct 2014 (see writeup here http://www.sharesinv.com/articles/2014/10/06/giken-potential-oil/), GSS Energy has weakened from $0.315 to a low of $0.245 in mid January before closing at $0.270 on 27 January 2015. This was down 14% as compared to 1 October 2014. To put into perspective, Rex and RH Petrogas have fallen about 33% and 44% respectively over the same period. At the time of doing this writeup, GSS Energy has been suspended from trading due to its proposed restructuring by way of a scheme of arrangement. It will resume trading under the name of GSS Energy Limited. It closed at $0.270 on 27 January 2015 before the suspension. As one of GSS Energy’s main businesses is oil production, the >50% slump in oil price has led many investors to reconsider its business ... ...
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By Ernest Lim's investing blog
I am an avid investor, trader cum remisier. I am a Chartered Financial Analyst® charterholder, as well as, a Chartered Accountant of Singapore. I have published articles on a wide range of topics on finance and investment, ranging from market / sector outlook, technical analysis and fundamental analysis etc.
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