Announcement • Apr 17
Geo Energy Resources Limited has completed a Follow-on Equity Offering in the amount of SGD 18.375 million. Geo Energy Resources Limited has completed a Follow-on Equity Offering in the amount of SGD 18.375 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 35,000,000
Price\Range: SGD 0.525
Discount Per Security: SGD 0.015225
Transaction Features: Subsequent Direct Listing Announcement • Apr 13
Geo Energy Resources Limited, Annual General Meeting, Apr 29, 2026 Geo Energy Resources Limited, Annual General Meeting, Apr 29, 2026, at 10:00 Singapore Standard Time. Location: level 4, lotus junior ballroom 4d & 4e, marina bay sands, 10 bayfront avenue, singapore 018956, Singapore Announcement • Apr 04
Geo Energy Resources Limited has filed a Follow-on Equity Offering in the amount of SGD 18.375 million. Geo Energy Resources Limited has filed a Follow-on Equity Offering in the amount of SGD 18.375 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 35,000,000
Price\Range: SGD 0.525
Discount Per Security: SGD 0.015225
Transaction Features: Subsequent Direct Listing Announcement • Mar 05
Geo Energy Resources Limited has filed a Follow-on Equity Offering in the amount of SGD 14.875 million. Geo Energy Resources Limited has filed a Follow-on Equity Offering in the amount of SGD 14.875 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 35,000,000
Price\Range: SGD 0.425
Discount Per Security: SGD 0.012325
Transaction Features: Subsequent Direct Listing Announcement • Feb 27
Geo Energy Resources Limited, Annual General Meeting, Apr 25, 2025 Geo Energy Resources Limited, Annual General Meeting, Apr 25, 2025. Announcement • Nov 26
Geo Energy Resources Limited Appoints Loo Shi Yi as Company Secretary The Board of Directors of Geo Energy Resources Limited announced the appointment of Ms. Loo Shi Yi as Company Secretary of the Company with effect from 25 November 2024. Following the appointment, the Company Secretaries of the Company are Mr. Lee Wei Hsiung and Ms. Loo Shi Yi. Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: US$0.005 (vs US$0.008 in 3Q 2023) Third quarter 2024 results: EPS: US$0.005 (down from US$0.008 in 3Q 2023). Revenue: US$84.3m (down 24% from 3Q 2023). Net income: US$7.05m (down 39% from 3Q 2023). Profit margin: 8.4% (down from 10% in 3Q 2023). Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Sep 13
Chief Operating Officer recently bought €83k worth of stock On the 10th of September, Philip Hendry bought around 500k shares on-market at roughly €0.17 per share. This transaction amounted to 86% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Philip has been a buyer over the last 12 months, purchasing a net total of €203k worth in shares. Declared Dividend • Aug 11
Second quarter dividend of S$0.002 announced Shareholders will receive a dividend of S$0.002. Ex-date: 21st August 2024 Payment date: 29th August 2024 Dividend yield will be 5.6%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (34% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 293% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: US$0.013 (vs US$0.008 in 2Q 2023) Second quarter 2024 results: EPS: US$0.013 (up from US$0.008 in 2Q 2023). Revenue: US$70.5m (down 35% from 2Q 2023). Net income: US$18.1m (up 62% from 2Q 2023). Profit margin: 26% (up from 10% in 2Q 2023). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 38% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Aug 08
Geo Energy Resources Limited Announces Interim Tax Exempt One-Tier Dividend for the Financial Year Ending 31 December 2024, Payable on 29 August 2024 Geo Energy Resources Limited announced Interim Tax Exempt One-Tier Dividend of SGD 0.002 per ordinary share for the financial year ending 31 December 2024. Shareholders whose Securities Accounts with The Central Depository (Pte) Limited are credited with ordinary shares in the capital of the Company as at 5.00 p.m. on 22 August 2024 will be entitled to the Interim Dividend. The ex-dividend date will be 21 August 2024. Payment of the Interim Dividend will be made on 29 August 2024. Announcement • May 30
Geo Energy Resources Limited Appoints Lu King Seng as Business Development Director, Effective 3 June 2024 The Board of Directors of Geo Energy Resources Limited announced the appointment of Mr. Lu King Seng as Business Development Director of the Company with effect from 3 June 2024. The Board looks forward to working with Mr. Lu on the Group's expansion plans, who will be steering the Group's business development strategies and activities, by developing new business relations and strengthening existing partnerships. Mr. Lu was previously the Non-Executive and Lead Independent Director of the Company until he retired on 26 April 2024. Mr. Lu had a track record of success and has built a strong network of contacts within theregion. He is currently the Director of a few consultancy and advisory companies. He has more than 26 years of commercial and audit experience in London, Singapore and Malaysia where he led audit engagements, assisting companies with, inter alia, initial public offerings and due diligence reviews in connection with proposed mergers and acquisitions. Mr. Lu obtained his professional qualification from the Association of Certified Chartered Accountants in 1995. Declared Dividend • May 12
Dividend of S$0.002 announced Shareholders will receive a dividend of S$0.002. Ex-date: 23rd May 2024 Payment date: 31st May 2024 Dividend yield will be 7.0%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (34% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 5.6% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 10
First quarter 2024 earnings released First quarter 2024 results: Revenue: US$99.0m (down 25% from 1Q 2023). Net income: US$8.66m (down 46% from 1Q 2023). Profit margin: 8.7% (down from 12% in 1Q 2023). Revenue is forecast to grow 26% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • May 10
Geo Energy Resources Limited Declares Interim Tax Exempt One-Tier Dividend for the Financial Year Ending 31 December 2024, Payable on May 31, 2024 Geo Energy Resources Limited declared tax exempt (one-tier) interim dividend of SGD 0.002 per ordinary share per ordinary share for the financial year ending 31 December 2024. The interim dividend will be paid on 31 May 2024. The book record date is 24 May 2024 at 5.00 pm, and the ex-dividend date will be 23 May 2024. Announcement • Apr 27
Geo Energy Resources Limited Approves to Declare A Final Dividend for the Financial Year Ended 31 December 2023 Geo Energy Resources Limited at its AGM held on April 11, 2024, Approved To declare a final dividend of HKD 0.006 per ordinary share one-tier tax exempt for the financial year ended 31 December 2023. Reported Earnings • Apr 12
Full year 2023 earnings released: EPS: US$0.044 (vs US$0.12 in FY 2022) Full year 2023 results: EPS: US$0.044 (down from US$0.12 in FY 2022). Revenue: US$489.0m (down 33% from FY 2022). Net income: US$62.0m (down 62% from FY 2022). Profit margin: 13% (down from 22% in FY 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Announcement • Apr 11
Geo Energy Resources Limited Proposes One-Tier Tax Exempt Final Dividend for the Financial Year Ended 31 December 2023, Payable on 17 May 2024 Geo Energy Resources Limited proposed one-tier tax exempt final dividend of SGD 0.006 per ordinary share for the financial year ended 31 December 2023 (the "Proposed Final Dividend"), the Share Transfer Books and the Register of Members of the Company will be closed at 5.00 p.m. on 10 May 2024. The Proposed Final Dividend, if approved at the AGM, will be made on 17 May 2024. Announcement • Feb 28
Geo Energy Resources Limited, Annual General Meeting, Apr 26, 2024 Geo Energy Resources Limited, Annual General Meeting, Apr 26, 2024. Reported Earnings • Feb 28
Full year 2023 earnings released Full year 2023 results: Revenue: US$489.0m (down 33% from FY 2022). Net income: US$62.0m (down 62% from FY 2022). Profit margin: 13% (down from 22% in FY 2022). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 27
Geo Energy Resources Limited Announces Retirement of Lu King Seng as Non-Executive and Lead Independent Director, Chairman of the Nominating Committee and Remuneration Committee and member of Audit and Risk Committee Geo Energy Resources Limited announced that Mr. Lu King Seng has decided to retire as Non-Executive and Lead Independent Director. Following his retirement, Mr. Lu will cease to be the Chairman of the Nominating Committee and Remuneration Committee and a member of the Audit and Risk Committee. This is in line with the Company's Board transition plan, following the new listing rules announced on 11 January 2023 by the Singapore Exchange Regulation on limiting the tenure of independent directors to nine years. Other Director Ships Past: Swag EV Pte. Ltd. Taka Jewellery Holdings Limited JLogo Holdings Limited Orion Advisory Pte. Ltd. Orion Polymer Pte. Ltd. Supreme Wagon Automotive Pte Ltd. Lincotrade & Assocates Holdings Limited. Other Director Ships Present: Orion Business Consultancy Pte. Ltd. Orion Business Advisory Pte. Ltd. Optimus Peak Pte. Ltd. Rainwood International Pte. Ltd. Reported Earnings • Nov 16
Third quarter 2023 earnings released: EPS: US$0.008 (vs US$0.025 in 3Q 2022) Third quarter 2023 results: EPS: US$0.008 (down from US$0.025 in 3Q 2022). Revenue: US$111.0m (down 33% from 3Q 2022). Net income: US$11.5m (down 68% from 3Q 2022). Profit margin: 10% (down from 22% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 15
Geo Energy Resources Limited Announces the Interim Tax Exempt One-Tier Dividend for the Financial Year Ending 31 December 2023, Payable 29 November 2023 Geo Energy Resources Limited announced the Interim Tax Exempt One-Tier Dividend of SGD 0.004 per ordinary share (the "Interim Dividend") for the financial year ending 31 December 2023. Shareholders whose Securities Accounts with The Central Depository (Pte) Limited are credited with ordinary shares in the capital of the Company as at 5.00 p.m. on 22 November 2023 will be entitled to the Interim Dividend. The ex-dividend date will be 21 November 2023. Payment of the Interim Dividend will be made on 29 November 2023. Recent Insider Transactions • Oct 22
Chief Operating Officer recently bought €120k worth of stock On the 19th of October, Philip Hendry bought around 580k shares on-market at roughly €0.21 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Philip's only on-market trade for the last 12 months. Announcement • Aug 12
Geo Energy Resources Limited Announces Interim Tax Exempt One-Tier Dividend for the Financial Year Ending 31 December 2023, Payable 6 September 2023 Geo Energy Resources Limited announced Interim Tax Exempt One-Tier Dividend of SGD 0.005 per ordinary share (the "Interim Dividend") for the financial year ending 31 December 2023. Duly completed transfers in respect of the Company received by the Company's Share Registrar, Boardroom Corporate & Advisory Services Pte. Ltd. at 1 Harbourfront Avenue, #14-07 Keppel Bay Tower, Singapore 098632 up to the close of business at 5.00 p.m. on 30 August 2023 will be registered to determine shareholders' entitlements to the Interim Dividend. Shareholders whose Securities Accounts with The Central Depository (Pte) Limited are credited with ordinary shares in the capital of the Company as at 5.00 p.m. on 30 August 2023 will be entitled to the Interim Dividend. The ex-dividend date will be 29 August 2023. Payment of the Interim Dividend will be made on 6 September 2023. New Risk • Aug 11
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 112% Cash payout ratio: 148% Dividend yield: 39% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 112% Cash payout ratio: 148% Minor Risk Profit margins are more than 30% lower than last year (14% net profit margin). Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: US$0.008 (vs US$0.046 in 2Q 2022) Second quarter 2023 results: EPS: US$0.008 (down from US$0.046 in 2Q 2022). Revenue: US$107.9m (down 50% from 2Q 2022). Net income: US$11.1m (down 83% from 2Q 2022). Profit margin: 10% (down from 30% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 14
First quarter 2023 earnings released First quarter 2023 results: Revenue: US$131.9m (down 13% from 1Q 2022). Net income: US$16.0m (down 60% from 1Q 2022). Profit margin: 12% (down from 27% in 1Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 02
Upcoming dividend of S$0.04 per share at 27% yield Eligible shareholders must have bought the stock before 09 May 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 27%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.8%). Recent Insider Transactions • Apr 26
Independent Director recently sold €203k worth of stock On the 21st of April, Beng-Chye Ong sold around 900k shares on-market at roughly €0.23 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Apr 13
Full year 2022 earnings released: EPS: US$0.12 (vs US$0.13 in FY 2021) Full year 2022 results: EPS: US$0.12 (down from US$0.13 in FY 2021). Revenue: US$733.5m (up 14% from FY 2021). Net income: US$161.6m (down 9.2% from FY 2021). Profit margin: 22% (down from 28% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 72% per year whereas the company’s share price has increased by 76% per year. Reported Earnings • Feb 28
Full year 2022 earnings released: EPS: US$0.12 (vs US$0.13 in FY 2021) Full year 2022 results: EPS: US$0.12 (down from US$0.13 in FY 2021). Revenue: US$733.5m (up 14% from FY 2021). Net income: US$161.6m (down 9.2% from FY 2021). Profit margin: 22% (down from 28% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Announcement • Jan 17
Geo Energy Resources Limited Appoints Philip Hendry as the Chief Operating Office, Effective February 15, 2023 The Board of Directors of Geo Energy Resources Limited announced the appointment of Mr. Philip Hendry as the Chief Operating Officer of the Company with effect from 15 February 2023. The Board welcomes back and looks forward to working with Mr. Philip Hendry on the Group's continued success and the expansion of its Indonesian operations and global business. Mr. Philip Hendry was previously the Chief Financial Officer of the Company until he left in January 2020. Mr. Philip Hendry brings extensive operational leadership experience to the Company. He will be overseeing the commercial and business operations of the Company. Mr. Philip Hendry is currently the Group Chief Financial Officer of a leading Natural Resources company operating in East Africa. He has spearheaded numerous financial transformations, Mergers & Acquisitions, and successfully overseen statutory and financial management of multiple businesses and projects. He had also worked in major multinational companies including United Parcel Service, Chicago Bridge & Iron, AMEC Foster Wheeler, and Bumi Armada. Mr. Philip Hendry obtained his Bachelor's degree in Finance & Accounting from University of Washington and Masters in Business Administration in Finance & Accounting from Seattle University in Washington, USA. He has over 20 years of experience in finance and commercial leadership roles working in the United States, Indonesia and Singapore encompassing Oil & Energy, Shipping, Transportation and Logistic industries. the company believe that Mr. Philip Hendry will build upon the strong operational footing that the Group has established in the past years, and with his experience and leadership, the Group will be well prepared to meet the business operational challenges ahead. Upcoming Dividend • Nov 29
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 06 December 2022. Payment date: 14 December 2022. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 24%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.0%). Announcement • Nov 19
Geo Energy Resources Limited Declares Cash Dividend for the Financial Year Ending December 31, 2022, Payable on December 14, 2022 Geo Energy Resources Limited declared Interim Tax Exempt One-Tier Dividend of SGD 0.01 per ordinary share (the "Interim Dividend") for the financial year ending December 31, 2022. Shareholders whose Securities Accounts with The Central Depository (Pte) Limited are credited with ordinary shares in the capital of the Company as at 5.00 p.m. on December 07, 2022 will be entitled to the Interim Dividend. The ex-dividend date will be December 06, 2022. Payment of the Interim Dividend will be made on December 14, 2022. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. CEO & Executive Director Kum Hon Tung was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: US$0.025 (vs US$0.032 in 3Q 2021) Third quarter 2022 results: EPS: US$0.025 (down from US$0.032 in 3Q 2021). Revenue: US$164.7m (up 7.3% from 3Q 2021). Net income: US$35.7m (down 22% from 3Q 2021). Profit margin: 22% (down from 30% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Announcement • Aug 19
Geo Energy Resources Limited Declares Cash Dividend for the Financial Year Ending 31 December 2022, Payable on 2 September 2022 Geo Energy Resources Limited declares Interim Tax Exempt One-Tier Dividend of SGD 0.02 per ordinary share (the "Interim Dividend") for the financial year ending 31 December 2022. The ex-dividend date will be 25 August 2022. Payment of the Interim Dividend will be made on 2 September 2022. Reported Earnings • Aug 13
Second quarter 2022 earnings released: EPS: US$0.046 (vs US$0.014 in 2Q 2021) Second quarter 2022 results: EPS: US$0.046 (up from US$0.014 in 2Q 2021). Revenue: US$216.3m (up 104% from 2Q 2021). Net income: US$64.5m (up 226% from 2Q 2021). Profit margin: 30% (up from 19% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. CEO & Executive Director Kum Hon Tung was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 21
Upcoming dividend of S$0.05 per share Eligible shareholders must have bought the stock before 28 April 2022. Payment date: 10 May 2022. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 16%. Within top quartile of German dividend payers (3.9%). Higher than average of industry peers (4.8%). Recent Insider Transactions • Apr 15
Lead Independent Director recently sold €95k worth of stock On the 13th of April, Chun Bin Soh sold around 250k shares on-market at roughly €0.38 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €331k more than they bought in the last 12 months. Reported Earnings • Apr 13
Full year 2021 earnings released: EPS: US$0.13 (vs US$0.068 in FY 2020) Full year 2021 results: EPS: US$0.13 (up from US$0.068 in FY 2020). Revenue: US$641.9m (up 109% from FY 2020). Net income: US$177.9m (up 88% from FY 2020). Profit margin: 28% (down from 31% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Announcement • Mar 10
Geo Energy Resources Limited Provides Production and Revenue Guidance for the First Half 2022 Geo Energy Resources Limited provided production and revenue guidance for the first half 2022. For the half year, The Group targets a coal production of 5 million tonnes to 6 million tonnes.For the half year, the group expects revenue of more than $400 million. Recent Insider Transactions • Mar 01
Lead Independent Director recently sold €69k worth of stock On the 25th of February, Chun Bin Soh sold around 250k shares on-market at roughly €0.28 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €236k more than they bought in the last 12 months. Announcement • Feb 26
Geo Energy Resources Limited Announces Executive Changes The Board of Directors of Geo Energy Resources Limited announced the appointment of Ms. Liew Chiew Yee as Company Secretary of the company in place of Ms. Wang Shin Lin, Adeline with effect from 25 February 2022. Reported Earnings • Feb 25
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$0.13 (up from US$0.068 in FY 2020). Revenue: US$641.9m (up 109% from FY 2020). Net income: US$177.9m (up 88% from FY 2020). Profit margin: 28% (down from 31% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.4%. Over the next year, revenue is expected to shrink by 14% compared to a 75% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Nov 27
Independent Director recently sold €114k worth of stock On the 24th of November, King Seng Lu sold around 600k shares on-market at roughly €0.19 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €56k more than they bought in the last 12 months. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS US$0.044 (vs US$0.018 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: US$153.6m (up 159% from 3Q 2020). Net income: US$45.5m (up 82% from 3Q 2020). Profit margin: 30% (down from 42% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Jun 03
Geo Energy Resources Limited Announces an Interim Tax Exempt One-Tier Dividend for the Financial Year Ending 31 December 2021, Payable on 17 June 2021 Geo Energy Resources Limited announced an Interim Tax Exempt One-Tier Dividend of SGD 0.005 per ordinary share for the financial year ending 31 December 2021. Payment of the Interim Dividend will be made on 17 June 2021. Reported Earnings • May 14
First quarter 2021 earnings released The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: US$114.5m (up 30% from 1Q 2020). Net income: US$28.3m (down 9.6% from 1Q 2020). Profit margin: 25% (down from 36% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 18
Full year 2020 earnings released: EPS US$0.068 (vs US$0.034 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$306.8m (up 23% from FY 2019). Net income: US$94.9m (up US$142.4m from FY 2019). Profit margin: 31% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 02
Full year 2020 earnings released: EPS US$0.068 (vs US$0.034 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$306.8m (up 23% from FY 2019). Net income: US$94.9m (up US$142.4m from FY 2019). Profit margin: 31% (up from net loss in FY 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jan 29
Insider recently bought €58k worth of stock On the 27th of January, Theare Haw Heah bought around 500k shares on-market at roughly €0.12 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. 
