GSS Energy – unique and interesting business model

Pursuant to my writeup on GSS Energy (formerly known as Giken Sakata) on 1 Oct 2014 (see writeup here, 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. […]