COASTAL CONTRACTS BHD
KLSE (MYR): COASTAL (5071)
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Last Price
1.50
Today's Change
0.00 (0.00%)
Day's Change
1.49 - 1.51
Trading Volume
69,600
Changes
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Discussions
15 people like this. Showing 50 of 3,427 comments
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
The Group's borrowings as at the end of the quarter were as follows:
Group Borrowings and Debt Securities
As at
31 March 2023
RM'000
Short term
Secured 39,419
Unsecured 299,159
338,578
Long term
Secured 60,802
Unsecured 28,765
89,567
Total 428,145
The current gearing is within management comfort level.
Apart from RM16.8 million of secured borrowings which are denominated in Ringgit Malaysia, all the other borrowings are denominated in United States Dollar.
The debt-equity ratio of the Group has decreased to 0.236 from last quarter's 0.247. Internally generated funds derived from operations were utilised to sustain the Group's working capital requirements during the quarter under review.
2023-05-24 13:12
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
Should the Shares Sale was completed on 31 March 2023, the Company's eventual effective shareholdings in the JVC will be 50% and the effect of the Shareholding on the profit for the period would have been as follows:
Cumulative 9 months ended 31 March 2023
RM '000
Profit for the period 437,479
Less: Effect of the Shares Sale (206,676)
Adjusted (loss)/profit for the period 230,803
2023-05-24 13:21
I bought Coastal around 2.00 a few months back.
I also recommended this stock to all readers here, I am responsible for my recommendation.
KLSE is bearish and I failed to understand the profit of Coastal and the complex of its accounting method.
I had taken my profit yesterday.
My recommendation and my responsibility is ended here.
Please be informed.
Thank you.
2023-05-25 10:56
I feel it's time to let out some steam....I just cannot stand such scumbags!!!
Few months back at HRC, this bogus scammer's macai said they bought Coastal and recommended to everyone.....yet he doesn't even know what price they bought and at 2.55, they were not making profits......THEN HE SAID THEY BOUGHT AT 2.25.......NOW THAT GODDAMN SCAMMER SAID THEY BOUGHT AT 2.00????? Puii
2023-05-25 11:00
I posted my buy recommend on Coastal when the share price is around 2.07.
I checked my records.
I also bought some Coastal shares below 2.00.
I did not tell any lies here.
Who is the shameless liar here ?
Pui
2023-05-25 11:21
All records at HRC...so many people such as Lurker, Sslee, Ular all was there..........
2023-05-25 11:23
I am here to share information, but not to attack any person.
I want to see the proof if I am wrong.
Show me your proof.
My first recommendation is around 2.07, definitely not 2.50.
I will admit if I quoted wrong figure.
I never tell any lies here.
I will admit wrong if I am wrong.
Not losing money still claim making money to show his pride.
That is not my character.
2023-05-25 11:40
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
To recap, Coastal still holds 100% shares in JV company Coastoil Dynamic S.A.De C.V. (CDSA) that owns the Papan and Perdiz projects at Mexico. The transfer of JV partner Nuvoil group’s 50% stake in CDSA is expected to complete by 2HCY23. For now, Coastal recognises 100% of CDSA’s profits as its JV profit. Upon completion of the share transfer, accrued JV profit will be transferred back to Nuvoil.
Note that the 9M comparison may not be meaningful as the group applied equity accounting method on CDSA in 3QFY22.
2023-05-27 07:48
Jerichomy really? You working in oil and gas industry? You cook half boiled eggs for the offshore workers?
2023-05-27 11:18
Tell me about your oil and gas experience lah else I guess you can only cook half boiled eggs in the barge for the offshore workers because your brain also half boiled.
2023-05-27 14:46
Haha
i3lurker
500% profits
of course all types of sharks will dump
32 minutes ago
2023-05-28 16:32
The coastal company keep on share buy back, but the share price keep on dropping, any issue?
2023-06-11 07:02
Haha peng lam and get stuck
investopology
The coastal company keep on share buy back, but the share price keep on dropping, any issue?
1 month ago
speakup
Reminds me of Topglove
1 month ago
investopology
Haha you better be silent than speak up😂
1 month ago
Huat 888
slowly collecting...anytime goin to fly
1 month ago
2023-07-24 15:33
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
Oil price crosses above US$90
2023-09-07 16:00
Hi Pang. Coastal story sounds interesting. I m afraid it might be another serbak 2.0 coz all investments outside Malaysia. Be careful.
2023-10-23 12:19
its a buying oppurtunity. easily up. remember this was the best under billion company voted by the edge.
2023-11-23 13:28
I bought Coastal a year before Covid-19 and sold it early last year. I have 2 Bursa energy services companies that I use as references when hunting for companies in this sector – Deleum and Dayang. https://ujianehc.blogspot.com/2023/12/dayang.html
I the past these 2 companies ROE outperformed that of Coastal but over the past 2 to 3 years, Coastal ROE have overtaken them.
When I look at the ROE vs share price trend, I found that currently they are diverging – the ROE is going up while prices are declining. https://i.postimg.cc/JhVF7spg/Coastal.png
Is this another opportunity to go in?
2023-12-11 09:47
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
SSLee rightly pointed out the huge loans advanced to its customers and the AR. The company has to impair a lot of the AR.
1 month ago
Coastal contract 1.56
Tp 1.10 range
Its not just impairment but weaknesses of Asia economy china,japan.
4/3/24 8.57pm
1 month ago
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