Having gross loss in the operations is not a good sign....
Coastal is good company but Buy only if
1. you have holding power (Market sentiment is not good now) 2. willing to hold for at least 2-3 years (Petronas' expectation turnaround time) 3. ready to accept further 50% loss in price (See below)
WHY on item 3? Because everyone were saying last year that USD30 would be the bottom. See below yourself:
Predicted by analyst to go down to $1 ringgit as world crude oil price continues to plummet down to US$20 a barrel. The whole world is drowning in oil.... too much supply now with 3rd largest producer Iran back in the market. 1st producer is now Russia followed by Saudi Arabia no: 2.
I guess the clowns are waiting for crude oil to find its hard bottom... Unfortunately,the expectation for another leg down for crude oil remains intact... so be patient..
Buy at anything below 2.00! Any price below 2.00 is crazy for a company like coastal. Buy and put under the pillow for > 2 years. Those without holding power please stay away. Keep and save your money in fd.
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....
scorpius91
5 posts
Posted by scorpius91 > 2015-12-08 19:41 | Report Abuse
why always drop..... have so bad?