Posted by TanDavid88 > 2023-04-07 11:17 |

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Posted by Jerichomy > 2023-04-07 13:21 |

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Posted by Jerichomy > 2023-04-07 13:26 | Report Abuse

From share telegram

IB banai 1.. will pakat sama sama jerung or operators.

But SMI macam got second show..
Macam la..

Posted by Zhuge_Liang > 2023-04-07 15:12 |

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Posted by Jerichomy > 2023-04-08 00:26 |

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Posted by Zhuge_Liang > 2023-04-08 10:47 |

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Posted by OTB > 2023-04-08 11:02 |

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Posted by Jerichomy > 2023-04-08 14:18 |

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Posted by Jerichomy > 2023-04-08 14:18 |

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Posted by lloydlim > 2023-04-08 14:23 | Report Abuse

Time to accumulate.

Posted by Jerichomy > 2023-04-08 19:41 |

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Posted by Jerichomy > 2023-04-09 08:31 |

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Posted by TanDavid88 > 2023-04-09 11:43 |

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Posted by Jerichomy > 2023-04-09 13:12 |

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Posted by Jerichomy > 2023-04-09 20:13 |

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Posted by Jerichomy > 2023-04-09 21:31 |

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Posted by Zhuge_Liang > 2023-04-09 21:57 |

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Posted by Jerichomy > 2023-04-10 13:19 | Report Abuse

Haha

Posted by Zhuge_Liang > 2023-04-10 14:14 |

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Posted by Jerichomy > 2023-04-10 19:07 |

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Posted by Huat 888 > 2023-04-11 17:19 | Report Abuse

time to join the boat..hoootttttt

Posted by Jerichomy > 2023-04-11 21:26 |

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Posted by Jerichomy > 2023-04-11 21:26 | Report Abuse

Head and shoulder

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-04-15 07:25 | Report Abuse

Deeply undervalued.

Posted by Sslee > 2023-04-15 08:07 | Report Abuse

3iii,
Check what is coastal free cash flow before you say deeply undervalued.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-04-15 08:23 | Report Abuse

Free Cash Flow Yield 7.47%

Posted by Sslee > 2023-04-15 08:32 | Report Abuse

6 months ended 31.12.2022
RM '000
Interest received 61,424
Loan to joint venture (74,758)

Can you received interest from JV RM 61,424,000 and at the sametime loan RM 74,758,000 to JV?

Posted by Sslee > 2023-04-15 08:39 | Report Abuse

Upon completion of the Shares Sale, the Company shall account 50% of the JVC’s results under equity accounting method.
In addition, the abovementioned Effect of the Shares Sale would be accounted for as a loss on disposal of effective interest in the
Joint Arrangement.

RM'000
Less: Effect of the Shares Sale: RM (127,670)

Posted by Jerichomy > 2023-04-15 09:14 |

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Posted by Jerichomy > 2023-04-15 09:15 |

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Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-04-15 11:58 | Report Abuse

Qtr 31.12.2022
$m
Revenue 62.3
Gross Income 26.1
Non-operating income 65
Interest expense 8.3
Pretax Income 76.1
Equity in Affiliates 74.9
Consolidated Net Income 140.7
Minority interest expense 1.7
Net Income 139.0

Funds from Operations (OCF) 131.4
NetOCF 104.6
Capital Expenditure (14)
Free Cash Flow 104.6
FCF Yield 7.47%

Market Cap RM 1.21 B
Price per share RM 2.29

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-04-15 13:44 | Report Abuse

Balance Sheet
31.12.2022
RM m
Cash 196
ST Debt 300
LT Debt 99

AR 920
AP 142

CA 1,142
CL 494

TA 2,225
TL 601
TE 1,624

ROavgA 10.55%
ROE 14.66%
ROIC 13.72%

Total Debt / Equity 34.27%
Total Debt / Total Asset 23.01%
Long term debt / Total Asset 6%
Interest Coverage 4.02x

Profitability
Gross margin 37.85%
Operating margin 26.2%
Pretax margin 69.71%
Net Margin 77.44%

Posted by Sslee > 2023-04-15 15:41 | Report Abuse

Posted by Sslee > Apr 15, 2023 3:40 PM | Report Abuse X

Balance sheet:
31.12.2022: 30.06.2022
RM'000: RM'000
Investment in JV: 382,760: 95,595
Amt due from JV: 724,200: 650,548

So what kind of JV is this?

Posted by Jerichomy > 2023-04-15 16:59 |

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Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-04-15 17:59 | Report Abuse

SSLee

Coastal has a strong balance sheet. 23% of its business is financed by debts and liabilities.
Bank borrowings are manageable. Bank interest cover is adequate.
It is profitable, generating good free cash flow.
It is earning high returns on its equities, almost 15%.

Its investments into the oil rig and gas processing businesses have been successful and highly profitable, 15% ROE.

It is well placed to take advantage of more joint ventures in Brazil. The management has guided positively in the latestAnnual Prospectus on these.

As long as the crude oil price remains high, Coastal will be well placed to grow further its business and profits.

Of course, growth requires allocation of more of its free cash into new investments. Dividends for shareholders may not appear anytime soon.

The only concern I have is its account receivables are rather too high for comfort. There must be a reason the management allows this; afterall, they too have a hand in this decision.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-04-15 18:02 | Report Abuse

How much is my intrinsic value for Coastal?

Posted by Sslee > 2023-04-15 18:34 | Report Abuse

The gas- field belong to Pemex Exploracion and Produccion, which is a subsidiary of Petroleos Mexicanos (“Pemex”), Mexican state-owned petroleum company.

Nuvoil claim in their website:
Nuvoil operates the first processing plant of natural gas coming from Ixachi field in Veracruz Planta Perdiz (Perdiz Plant), which is designed, built and operated by Nuvoil, processes the gas coming from Ixachi, considered as the terrestrial field with more gas resources in Mexico.

So is Coastal current 100% subsidiary company, Coastoil Dynamic SA De CV (“CD”) or Nuvoil designed, built and operated this gas processing plant???

In January 2021, Pemex has awarded to a consortium associated with Nuvoil Group (“Nuvoil”) a contract to provide gas sweetening service for Pemex’s onshore gas operations (“Contract”). The scope of work under the Contract mainly comprises of engineering, procurement, construction, operation and maintenance for a gas sweetening plant in Ixachi Field, Veracruz. The tenure for the Contract shall be 32 months (excluding the plant construction period) with a maximum contract
value of approximately RM258.7 million subject to further extension in tenure. Subject to Pemex’s approval, contract value shall be increased should there be any further extension.

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 samedate, 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 thecondition 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 would be delayed to second half of FY2023.

By the way try to google:
Grupo Empresarial Alfair S.A.P.I. De C.V.("Alfair") and see what you get?

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-04-15 20:04 | Report Abuse

https://www.theedgemarkets.com/article/coastal-contracts-banks-mexico

Posted by Sslee > 2023-04-16 06:44 | Report Abuse

https://tradingeconomics.com/commodity/natural-gas

Coastal already exist OSV businese by selling the OSV assets and now NG gas price has collapse what will happen to the Mexico JV gas business?
Is JV partner Alfair facing problems to complete the 50% equity acquisition? Is JV real?

In the past, Coastal Contracts was known as an offshore support vessel (OSV) fabricator, but lumpy earnings and the collapse of oil prices in 2014 have shown that the business model is no longer sustainable. Today, the group owns five OSVs and it hopes to exit this business, too.

In March this year, the group sold one of its OSVs and two other vessels for RM109.7 million. The disposal is especially important because the group would need to free up some cash flow to work on its projects in Mexico as it needs to fork out almost RM1 billion to finance the Papan project.

Posted by Jerichomy > 2023-04-16 15:35 |

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Posted by Jerichomy > 2023-04-16 15:35 |

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Posted by Jerichomy > 2023-04-16 16:08 |

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Posted by Sslee > 2023-04-17 07:12 | Report Abuse

If you cannot forget the past at least forgive the past or else you will be trapped/living in the past full of anger, guilt, regret, resentment, grievance, sadness, bitterness, pain, hate and forever wanted your revenge at you own peril.

Posted by Jerichomy > 2023-04-17 10:16 |

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Posted by Jerichomy > 2023-04-17 10:17 |

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Posted by Jerichomy > 2023-04-25 15:08 |

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Posted by pang72 > 2023-05-12 12:22 | Report Abuse

pang72

Karma sifu appears in cimb... Hihi...
This bank crashing without reason...
So. Karma sifu crack head and start cursing with his favourite style..

DIE crossing road, bankrupt la....

Adui.....

How come so old liao, can't change to be better person helping the poor meh

1 second ago

Posted by pang72 > 2023-05-12 12:22 | Report Abuse

Karma stock 1

Posted by Zhuge_Liang > 2023-05-12 12:25 |

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Posted by pang72 > 2023-05-12 13:07 | Report Abuse

You can expect to see, I will not bankrupt because I didn't buy those karma stock- coastal, armada, cimb....

I avoid buying karma stock- JAKS, MSC, PMETAL, hengyuan so proven - I M not shameless liar.