The Board of Directors of COASTAL wishes to announce that the Company has on 17th December 2019 incorporated a wholly-owned subsidiary in Singapore known as Coastal C I Pte. Ltd. (“CCI”).
CCI is a private company limited by shares and is incorporated under Section 19(4) of the Companies Act, Singapore. The issued and paid up capital of CCI is SGD1,000.00.
The investment in CCI is financed through internally generated funds.
u want to know somethings? vessel earnings was just 10 mil. The reported earnings includes receivable reversal of 7 mil.
The contracts (1 year) are just 200 mil at best of two OSV, at 20% margin, core profit (excluding whatever one off gains forex, reversal bla bla bla) would be at best 40 mil. Current pe are trading high at 18x.
Forget about the stocks. Only dayang could benefits thru its perdana vessels.
You must be reading purely from bursa reporting. Quite standard trader's SOP. Dayang now is 2.46. Coastal now at 1.35. Let revisit this conversation in 8 months time
For this kind of return if u add OSV rm40 mil profit with another pick from sky profit of rm20 mil, total profit for fy20 is rm60 mil. With PE 10x, fair price is rm1.10. Better buy dayang. Up some more today.
Let see. Go ahead with your dayang. Love to see donkey drown themself. The worst analysis to equate that fair price figure to PE10. Pity
Posted by noinoi > Dec 23, 2019 3:54 PM | Report Abuse For this kind of return if u add OSV rm40 mil profit with another pick from sky profit of rm20 mil, total profit for fy20 is rm60 mil. With PE 10x, fair price is rm1.10. Better buy dayang. Up some more today.
By the way, to use data purely from bursa annoucement to arrive at a fair price is so old school. If it is so easy, all donkeys will make money from bursa. Pity
What if another project on the horizon. What if cash reserve increase quarter by quarter. Only small boys purely look at previous data at bursa annoucements to make fair price target. So donkey sense. Pity
Posted by davidkkw79 > Dec 23, 2019 3:39 PM | Report Abuse But noinoi did make his sense with proof
Haha. Talk cock kukuman. Please don’t be in denial. The facts is there, osv only make 40mil p.a at max. That is the max. If new projects, profit might even go lower coz lower charter rate. 40 mil is the rate when oil price in 2013 - usd100/bbl
Other biz like shipbuilding oversupply ma. Just breakeven give nothing yo. If everyone like u, then my 3yrs old niece also can invest ma. Just plug figure from sky and expect ppl to believe u. Such a con man.
So for those chasing osv play next year, better go dayang thru it’s perdana. Coastal only make 40 mil profit from osv and now valued at 18x pe. Ridiculous.
Can you explain why the company is building up their cash reserve up robustly from quarterly free cash flow to 220mil and is counting? You cant even if you want to because you are just armchair analysis. Access purely and only from bursa annoucements. Pity
You probably knows nothing about doing business and expanding busines income streams. You are just another typical trader with limited access to real business world except diligently looking at bursa website for annoucement day in day out. When people jump on dayang you jump as well just like in the case of dayang. Pity
My explanation as follows why I’m not Interest with this shitty stocks:-
u want to know somethings? vessel earnings was just 10 mil. The reported earnings includes receivable reversal of 7 mil.
The contracts (1 year) are just 200 mil at best of two OSV, at 20% margin, core profit (excluding whatever one off gains forex, reversal bla bla bla) would be at best 40 mil. Current pe are trading high at 18x.
Forget about the stocks. Only dayang could benefits thru its perdana vessels.
How can a compamy, or any company for that metter, that is making money is shitty company. Your biasness shows you cannot think straight but too emotional. Only people with shit between their ears will see shit everywhere. Pity
If it is so easy, donkeys will also make money closing their eyes. Fund managers all round cannot see it but only you can see. And they are waiting for you to buy first before they go in to push up the price. That is always this logic all traders/gamblers have. Pity
Posted by noinoi > Dec 23, 2019 5:04 PM | Report Abuse So for those chasing osv play next year, better go dayang thru it’s perdana. Coastal only make 40 mil profit from osv and now valued at 18x pe. Ridiculous
Again kukuman, Can you explain why u buy into this shit???
My explanation as follows why I’m not Interest with this shitty stocks:-
u want to know somethings? vessel earnings was just 10 mil. The reported earnings includes receivable reversal of 7 mil.
The contracts (1 year) are just 200 mil at best of two OSV, at 20% margin, core profit (excluding whatever one off gains forex, reversal bla bla bla) would be at best 40 mil. Current pe are trading high at 18x.
Forget about the stocks. Only dayang could benefits thru its perdana vessels.
You are fishing for information. Go hug your dayang. How can a compamy, or any company for that metter, that is making money is shitty company. Your biasness shows you cannot think straight but too emotional. Only people with shit between their ears will see shit everywhere. Pity
Posted by noinoi > Dec 23, 2019 5:54 PM | Report Abuse Again kukuman, Can you explain why u buy into this shit???
To all noob and naive trader/gambler. When super duper investor promoted that company, he had already bought when the price was at sub MYR1.00. He never hide that fact that he bought. In fact told everyone he had millions of shares. He sees gems way before any data was annouced in Bursa. If you purely based on data annouced in Bursa and then only act on it, you will never get the juice of the matter. As the case of super duper investor's choice, if things are really still so great despite price has gone up multiple 100%, will fund managers all rounds still wait for you to enter before them? Think with your brain
Coastal have abundant of cash flow, they have healthy balance sheet with net cash of 210mil, they have recurring revenue of 150mil a yr from JUCGSU, they bagged few charter contracts as well recently. Price of oil is stabilise now as well, nothing to worry about investing in this kind of stocks. Plenty MOS. Sleep well
The better showing in 4Q2019 was mainly attributed to higher income generation in relation to the charter of JUGCSU as well as reversal of impairment loss.
It stated the trade receivables recovered its 6.4 mil.
Like I said the contract yearly is at max 200 mil, 20% margin then ur profit from charter is 40 mil.
noinoi.. you still living up on the trees kah?.. 1Q2020 result already announced for one month.. and yet you still on 4Q2019.. no wonder I can't find the 7m receivable reversal that you mention.. no wrong for me to say that you eat shit.. your brain is as small as a pea.. don't give me stupid answer again or else i will take out your pea brain and feed it to my fish..
Aiyo yo... maybe you are the monkey that lost in pig farm. That’s is 1q20. Go check urself. I’m not ur daddy to spoon feed u every time. Go ask kukuman to spoon feed u since he is also a monkey.
noinoi.. You are really pea brain.. the 6.4m received in 1Q2020 is not receivable reversal.. I'm gonna feed your pea brain to my fish.. Now it's not wrong for everyone to call you brainless cos you have no more brain after been eaten by my fish.. I hope my fish don't get stupid after eating your pea sized brain..
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....
Kpin Yeoh
239 posts
Posted by Kpin Yeoh > 2019-12-17 11:22 | Report Abuse
If there is no data to show or justify the price, when insider sell and take profit retailer might get trap at high price.