Posted by wallstreetrookieNEW > 2023-02-28 23:17 | Report Abuse

Velesto's net loss is for the quarter ending December 2022. I would buy on bad news

Posted by wallstreetrookieNEW > 2023-02-28 23:17 | Report Abuse

Nice sarcasm and bait right there

Posted by wallstreetrookieNEW > 2023-02-28 23:22 | Report Abuse

Everyone in the oil and gas industry knows that drilling operators will print money in 2023 and beyond. Coastal Contract is downstream. Still maintain sell

Posted by lloydlim > 2023-03-01 15:21 | Report Abuse

Time to accumulate!

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-03-01 16:03 | Report Abuse

Prospect

In view of the most rapid vaccine rollout globally, the global economy is expected to recover quickly from the Covid-19 pandemic triggered recession. At the meantime, joint commitment of Organisation of the Petroleum Exporting Countries (OPEC) plus non-OPEC major producers in tightening their supply shall further stabilise the global oil market. Given the strong recovery of oil prices driven by vaccine optimism and oil producers’ supply cuts, Coastal Group shall have *plenty of opportunities to materialise more deals in the short to medium term*.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-03-01 16:09 | Report Abuse

In accommodating long term demand for fossil fuels, Enhanced Oil Recovery (EOR) technology has been practised immensely since the past few years to ensure optimum exploitation of oil resources. With the Jack-up Gas Compression Service Unit (“JUGCSU”) charter contract secured by the Group, which is currently in operation, the Group is able to effectively leverage its competitive advantage and strong foothold in this sector with promising prospects. Recently, Coastal Group diversified its earnings portfolio in Mexico by venturing into gas sweetening processing plant project. The Management is optimistic with the prospect of our Gas Processing Division.

The Management believes that the OSV market remains oversupplied but the market equilibrium has improved since FY2019 mainly due to the gradual increase in upstream activities and also due to increasing consensus that a large number of vessels
which have been laid up during the downturn may not return to service due to high reactivation costs and the reluctance of oil companies to contract vessels which have been out of service for longer period.

While waiting for the
recovery of OSV market, Coastal Group has embarked into liftboat chartering with a long term plan to tap into the wind farm renewable energy sector which is currently the fastest growing energy sources in the world.

Coastal Group shall still continue to pursue new business that suits its growth strategies, such as Floating Production Storage and Offloading (FPSO), Floating Production Unit (FPU), Floating Storage and Offloading (FSO), Floating Storage and Regassification Unit (FSRU) and other O & G related projects.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-03-01 16:36 | Report Abuse

COASTAL Financial Information
Market Capital (RM)
: 1.282b
Number of Share
: 545.40m
EPS (cent)
: 78.61 *
P/E Ratio
: 2.99
ROE (%)
: 25.71
TTM Profit Margin (%)
: 149.5
CAGR - Revenue (%)
: 24.2
CAGR - PAT (%)
: 132.3
COASTAL Financial Information
Market Capital (RM)
: 1.282b
Number of Share
: 545.40m
EPS (cent)
: 78.61 *
P/E Ratio
: 2.99
ROE (%)
: 25.71
TTM Profit Margin (%)
: 149.5
CAGR - Revenue (%)
: 24.2
CAGR - PAT (%)
: 132.3


Cumulative 6 months ended 31.12.2022
RM'000
Net cash flows from operating activities 81.762 m
Purchase of property, plant and equipment (0.101m)

FCF 81.7m

Posted by Sslee > 2023-03-03 13:02 | Report Abuse

Last year Q2 end 31th Dec 2021
On 17 February 2021, the Company and its Mexican strategic business partner, Grupo Empresarial Alfair S.A.P.I. De C.V.
("Alfair"), has entered into a Share Purchase Agreement ("SPA") to sell and transfer its 50% equity interest in its indirect wholly
owned subsidiary, Coastoil Dynamic S.A.De C.V. (the Joint Venture Company or "JVC"), to its JV Partner, Alfair. On the same
date, a Shareholders Agreement ("SA") was entered among a wholly owned subsidiary of the Company, Coastal Marine Pte Ltd,
Alfair and JVC to set out the rights and obligations of Coastal Marine Pte Ltd and Alfair (“JV Partners”) under the JVC. The
SPA, SA and other executed related documents are collectively known as "Transaction Documents". Pursuant to the Transaction
Documents, the JVC shall undertake an onshore gas sweetening plant project in Mexico for Petroleos Mexicanos ("Pemex"),
Mexican state-owned petroleum company. The completion of the Joint Venture is subject to the fulfilment and satisfaction of
the condition precedents stipulated in the Transaction Documents.

On 30 December 2021, the Joint Venture was completed as all the conditions precedents stipulated in the Transaction Documents have been fulfilled. The Company is in the progress of selling its 50% equity interests in the JVC to Alfair ("Shares Sale"), which shall be completed by the first quarter of 2022.

Currently, the results of the JVC is accounted for as a subsidiary of the Company. The results of the JVC would be accounted for as a "Joint Arrangement" in accordance with MFRS 11 after completion of the Shares Sale.

On 19 January 2022, the Company announced that Coastal Marine Pte. Ltd., a wholly-owned subsidiary of the Company, is
proposing to provide financial assistance of up to USD220.0 million (equivalent to approximately RM924.0 million) ("Proposed
Provision of Financial Assistance") to Coastoil Dynamic S.A. de C.V. ("Coastoil Dynamic") in stages and subject to the funding
requirements of Coastoil Dynamic.

This year Q2 end 31th Dec 2022:
On 30 December 2021, the Joint Venture was completed as all the conditions precedents stipulated in the Transaction Documents have been fulfilled. The Company is in the progress of selling its 50% equity interests in the JVC to Alfair ("Shares Sale"), which would be delayed to second half of FY2023.

So what is actually happening between Coastal and Alfair on the JVC (Coastoil Dynamic S.A. De C.V)?

Operating Activities
6 months ended 31.12.2022
RM'000
Profit before tax 303,734
Adjustments for non-cash items (158,528)
Operating cash flows before changes in working capital 145,206

Posted by mingjoe1993 > 2023-03-05 20:47 | Report Abuse

did anyone attend the investor briefing?

Posted by pang72 > 2023-03-12 10:03 | Report Abuse

what is actually happening between Coastal and Alfair on the JVC (Coastoil Dynamic S.A. De C.V)?


MEXICO PROJECT? MUST GO MEXICO TO CHECK IF IT IS EXIST ELSE JUST DREAM ON!

Posted by Heungheungloveyou > 2023-03-13 07:48 | Report Abuse

https://oilprice.com/Energy/Crude-Oil/The-World-Desperately-Needs-More-Oil-And-Gas-Investment.html

Posted by pang72 > 2023-03-13 11:01 | Report Abuse

This one finished

Posted by pang72 > 2023-03-14 15:20 | Report Abuse

Pecah rm2 soon, very soon..

Posted by Income > 2023-03-15 17:51 | Report Abuse

Blink Blink

Posted by wallstreetrookieNEW > 2023-03-16 08:36 | Report Abuse

Sslee = "Short-seller Lee"
Remember

Posted by wallstreetrookieNEW > 2023-03-16 08:40 | Report Abuse

Price target: RM1.87

Posted by pang72 > 2023-03-16 08:53 | Report Abuse

Remember la..
Oil crash, coastal crash..

Posted by Zhuge_Liang > 2023-03-16 08:55 |

Post removed.Why?

Posted by wallstreetrookieNEW > 2023-03-16 08:59 | Report Abuse

Posted by @Zhuge_Liang

Stock: [COASTAL]: COASTAL CONTRACTS BHD
2 months ago | Report Abuse
1.325 million shares of ESOS listing are absorbed and over now.
Looking at new high share price soon.
The new high share price is at 2.68.
The present share price is at 2.60.
Good job

Posted by pang72 > 2023-03-16 10:37 |

Post removed.Why?

Posted by pang72 > 2023-03-17 10:34 | Report Abuse

Next week can see rm2 liao..
Employee selling good price for esos. Thanks to Karma group support

Posted by Zhuge_Liang > 2023-03-17 10:50 |

Post removed.Why?

Posted by Zhuge_Liang > 2023-03-17 11:22 |

Post removed.Why?

Posted by pang72 > 2023-03-17 11:48 | Report Abuse

Your last chance to sell in fact..
Later, cut lose bust apa

Posted by pang72 > 2023-03-17 12:14 | Report Abuse

Anywhere, bought 2.60..
2.10 is cut lose juga..
Sama shj

Posted by Zhuge_Liang > 2023-03-17 12:25 |

Post removed.Why?

Posted by OTB > 2023-03-17 12:44 |

Post removed.Why?

Posted by Jerichomy > 2023-03-18 00:02 |

Post removed.Why?

Posted by Jerichomy > 2023-03-18 00:02 |

Post removed.Why?

Posted by Jerichomy > 2023-03-18 00:03 |

Post removed.Why?

Posted by Jerichomy > 2023-03-18 00:04 |

Post removed.Why?

Posted by Jerichomy > 2023-03-18 00:06 |

Post removed.Why?

Posted by Zhuge_Liang > 2023-03-18 08:06 |

Post removed.Why?

Posted by OTB > 2023-03-18 14:01 |

Post removed.Why?

Posted by Jerichomy > 2023-03-18 17:23 |

Post removed.Why?

Posted by qqq47660 > 2023-03-18 17:24 | Report Abuse

otb is a crook and crooks do what crooks do.

Posted by Jerichomy > 2023-03-18 17:27 |

Post removed.Why?

Posted by OTB > 2023-03-18 18:01 |

Post removed.Why?

Posted by OTB > 2023-03-18 18:03 | Report Abuse

Jerichomy is a not a smart person in I3.
Simply listen to rumour, never read the technical chart correctly.
The share price of Coastal is still above 200-day SMA.
Do not know how to read chart, please attend my training course to teach TA basic.

Posted by Jerichomy > 2023-03-18 18:18 | Report Abuse

He want bottom up
Down more buy more...keep average down from klsebull signal telegram

Posted by Jerichomy > 2023-03-18 18:19 |

Post removed.Why?

Posted by Jerichomy > 2023-03-18 18:51 | Report Abuse

Somemore officer keep selling so you collecting their ticket haha

Posted by Jerichomy > 2023-03-18 18:54 | Report Abuse

Yeah man

BobAxelrod33
Coast line being eroded by crashing waves pounding every seconds of the day.......watch out before falling into the seas.
2 weeks ago

Posted by Jerichomy > 2023-03-18 18:56 |

Post removed.Why?

Posted by OTB > 2023-03-18 19:01 | Report Abuse

Jerichomy can lose 100 times to be a bankrupt, I am still a millionaire.
Nothing for you to attack me, you are a total failure in term of share investment.

Posted by Zhuge_Liang > 2023-03-18 19:04 |

Post removed.Why?

Posted by Zhuge_Liang > 2023-03-18 19:05 |

Post removed.Why?

Posted by Zhuge_Liang > 2023-03-18 19:07 | Report Abuse

Posted by OTB > 20 minutes ago | Report Abuse

A respect in I3 has to be earned, but not given free.
It is the idea that I believe strongly.
Thank you.

Posted by Jerichomy > 2023-03-18 20:20 |

Post removed.Why?

Posted by Zhuge_Liang > 2023-03-18 20:27 | Report Abuse

The share price of Coastal crashed, so what happen !!

Posted by klee > 1 minute ago | Report Abuse
OTB.You are tested n proven.Hats off to you.What is one bad yr out of 10 good ones.
-----------------
I made money from 2009 to 2021.
I lost small amount of money in 2018.
I lost > 500k in 2022.
I said it out honestly here.

I made big money in 2020, I do not want to disclose this amount.
Count yourself, I bought big on Supermx at 3.60 and I sold them > 20.00.
The highest price I sold is 24.50.
Those want to attack me, please review your profit before you attack me.
Thank you.