I'll buy more during this sell down, I'm taking chances here, no risk no gain. I have been holding this stock since RM2+, and following closely on their biz progress/development, I don't see anything wrong with it. But, I do noticed EFP is selling recently, so this price drop may be due to EFP investment portfolio re-balancing. Also, if you looked at the trend of the past few sell-downs during the last ~6 months or so, it will slowly go up and stabilize to RM4.90 ~ RM5.10 again after the selldown is over.
share buy back was triggered between 5.07~5.12 months ago why not kick in this price, what's the objective behind? they might not happy why retail players still holding this stock.
OTHERS Coastal Contracts Bhd ("Coastal" or "Company") - Vessel Sales Worth Approximately RM444 Million
COASTAL CONTRACTS BHD
Type Announcement Subject OTHERS Description Coastal Contracts Bhd ("Coastal" or "Company") - Vessel Sales Worth Approximately RM444 Million
Coastal is pleased to announce that its wholly-owned subsidiaries have secured contracts for the sales of seven units Offshore Support Vessels for an aggregate value of approximately RM444 million.
Including the new contracts and after adjusting for revenue recognition from vessels delivered to buyers up to 26 September 2014, Coastal Group has about RM1.4 billion worth of vessels sales orders awaiting delivery to customers up to 2015.
The revenue stream from the latest contracts is expected to contribute positively to the earnings per share and net assets per share of Coastal Group for the financial years ending 31 December 2014 and 31 December 2015.
None of the directors and/or substantial shareholders of the Company and persons connected with them have any interest, direct or indirect, in the above transactions.
Coastal is pleased to announce that its wholly-owned subsidiaries have secured contracts for the sales of seven units Offshore Support Vessels for an aggregate value of approximately RM444 million.
Including the new contracts and after adjusting for revenue recognition from vessels delivered to buyers up to 26 September 2014, Coastal Group has about RM1.4 billion worth of vessels sales orders awaiting delivery to customers up to 2015.
The revenue stream from the latest contracts is expected to contribute positively to the earnings per share and net assets per share of Coastal Group for the financial years ending 31 December 2014 and 31 December 2015.
1。COASTAL 获得RM444 mil 的7 艘SALE OF OFFSHORE SUPPORT VESSELS (OSV )。
2。 ORDER BOOK 增加至RM2.6 bil ( RM26 亿!) 2.1 RM1.4 BIL 是SALE OF THE VESSELS。 2.2 RM1.2 BIL 是JUGCSU CHARTER CONTRACT FOR MEXICO's STATE-OWNED BY CAMPANY PETROLEOS MEXICANIS。
3。More Opportunities for OSV replacement bcos of 25% current global OSV FLEET is more than 25 years old.
4。 Strong Momentum of shipbuilding division.
5. On track the completion of first high-specification Jack-Up-Rig @ COASTAL DRILLER 4001. 5.1 First Jack-Up-Rig gas compression service unit ( JUGCSU) 5.2 COASTAL DRILLER 4001 & JUGCSU @ slate for completion by the fourth quarter of 2014 & first half of 2015. ( 到时PROFIT 将大增!)
6。Price to earning ratio of 13 times with TP RM5.92 ( 旧的,目前还没更新)
7。Revenue jumped 50% to RM467.07 mil. 8。Earning rose 54.3% to RM97.39 mil. ( ended June 30, 2014 )
IT's a good buy now, miss the boat, and you will be rush to chase high later. The price has been stagnant at this level for the past ~6 months already, when it moves up, it will move very quickly. With such a huge contract secured, I suspect there will be re-rating soon, so accumulate now.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Joel
4,580 posts
Posted by Joel > 2014-09-09 20:57 | Report Abuse
RM10.00 是5年后的股价,
但是这很难说,也许3-4年就可达标。
现在可以买进,长期FD 肯定比起银行/投资Unit Trusts 好多了。