Don't you guys think that the lowering of the Oil prices will adversely affect the earnings of Coastal in the future, as there will be less and less contracts for them?
here's going to be another day for all Coastal Fans here (Compare to other O&G counters, while others up, Coastal donw...) ~ How deep is your love?~(song)
Please invest into Coastal Contract if you have some spare cash which you can spare for about 6 months. Coastal Contract will be on the uptrend within the next few weeks. I have been informed that this counter is being over sold by some foreign investors who are cashing out from the Malaysian market. The good news is the owner are buying back while the company are picking up more shares into its treasury. At RM2.05, Coastal is a steal. However, it went down today but on a long term view of say six months, the price should be RM2.50-2.70.
Please note that a super investor is off-loading shares that he made money to buy into Coastal again.
If it's his own stock picks, you can get free lunch from him for attending his promotional talk...if he is talking about his tips from OTB then u need to pay RM138 for attending so...
Group Borrowings and Debt Securities As at 31 March 2015 (RM'000_
Short term
Secured 632 Unsecured 148,140 148,772
Total 152,085
Apart from RM148.1 million of short term unsecured borrowings which are denominated in United States Dollar, all the other borrowings are denominated in Ringgit Malaysia.
Could this be the reason for the recent lelong? RM148.1 Million borrowings in USD? Hopefully they have oredi hedge against it...
Please take note that I did not mention of KYY buying into Coastal but merely saying that a super investor will be going into this counter after disposing some shares which he bought previously. Coastal is a well run company and the business is simple that is building and chattering vessel. Coastal's main customers are those involved on the oil and gas business and that is why some investors may have the opinion that they are into oil and gas business but this is incorrect. The issue here is Coastal has gone down from the high of 5.40 to 1.85 now. They have not announce any bonus or splitting exercise and the price is so low. PE is 4 on 1.85. You might want to check out with astute investors if Coastal is a good but or not. The main reason that one should invest if they have some spare cash to spare is simple- the company and shareholders are buying back and surely they are no fools. Please take note that the super investor is buying up is true. You can see that volume are up.
Please note that the current devaluation of yuan is just a drop into the ocean. Why? The yuan has appreciated some 85% over the years and the devaluation of 3 or 4% is so little that none would feel the effect. However, when such sudden policy shift takes place, the market will jilt and jilt for a while. Astute big time investors particularly those from foreign countries will take the opportunity to shake it even worse so that they can move in to buy cheaper stocks. Imagine KLCI was 1,715.58 on 11th July 2015 and is about 1,591 today or down by 124 points within less than 26 trading days. The market is basically oversold.
Yes, Malaysia is going through some issues like 1MDB and political strife. Ringgit is falling due to some political issue like what PM Najib mentioned yesterday. As much as you may dislike him but I admit that he was right. For example, Thailand is currently ruled by military after ousting two PMs and yet the baht appear to be stronger than RM. Why is it so? Baht should have fallen the moment the tanks took control of the country but it did not. Then why would Malaysia be so far worse off than them? Have anyone ask this question and try to answer?
I am not asking you guys to buy Coastal with the view of pushing it up but I have heard news as I heard before about a year and a half ago. The news is only good news on Coastal. Buy if you have spare cash and not punt.
i feel like somebody is super annoying keep spreading the negative atmostphere all around...if u're not investing wont dont juz keep quiet? i dn think ur adverse sharing is needed elsewer...
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....
Sapphire
1,765 posts
Posted by Sapphire > 2015-08-12 11:03 | Report Abuse
Scare scare...will it be go back to 1.80?