coastal will released the quarter result very soon and the good result will push the price to 2 dollar mark. Time to accumulate this share if you have the capital. Good dividend payout and potential contracts awards.
From the charts, we see that it has strong support at 1.80 and consolidating. Recently it started to go up with volume, showing that someone is accumulating, maybe due to good results, or possible M & A as it is in O & G sector.
RHB recognia, gives a rate of return of 130 percent, which is one of the highest return in their fainancial analysis system.
FYI , not everyone has alot of money, so they buy in 1 or 2 lots, people like me with very small capital.
This is a well managed company as I can see after reading their annual report and the price for conversion of their warrant is higher than RM2 ringgit. Other companies in oil and Gas like perisai, Alam, etc has moved , but not Coastal. For sure, can go above RM2.00!! look at analyst TP in i3 portal and you will know !!
To me, I always buy 1000 units, as in the past one lot is 1k shares and not 100 as at present. The commision per trade is only RM6 with Melaka Securities!!
TP is a guide, coastal touches 2.50 at one point.T3b system identifies some activity, and who knows it can go up.
Insider news. Coastal will break 2.20 resistance and the company will announcement the good news. Don't miss the chance to buy before it announce the good news..
From what I found... nothing much la. Their current accomodation barge already signed like half year ago. Only that, they gonna announce their quarterly P&L. So, what insider news you got?
sorry I couldn't announce here because I don't want to get into trouble. Just invest the share as much as you can before they announce the big news and you will be the one laugh at the last because the share will break 2,20 mark after the news release. Wish you all have a big fat CNY.
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....
cephas
13 posts
Posted by cephas > 2012-09-27 14:01 | Report Abuse
The litigation issue of RM7m has been around for a long time. Does anyone think that this is a significant event given the circumstances?