QUOTE(gark @ Dec 16 2014, 03:08 PM)
No? I only heard of Ah Boon3.. 
Whats up with mr Ken?
That bugger .... talk wind only one !!! Whats up with mr Ken?
Traders Kopitiam! V6
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 Dec 16 2014, 04:01 PM
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#221
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All Stars
15,942 posts Joined: Jun 2008 
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Dec 17 2014, 08:36 AM
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#222
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(spring onion @ Dec 16 2014, 10:08 PM) at this current age of comfort where most people are able to eat and sleep well, who wanna go to war? Who wanna go war?The weapon industry is worth how much?  1.75 trillion dollars.... if no war here and there... how to spend more? Here's an article: Why America Needs War...  http://www.globalresearch.ca/why-america-needs-war/5328631 There is this interesting book written few years back: halliburton's army: how a well-connected texas oil company rev the way america makes War http://www.telegraph.co.uk/culture/books/b...g-business.html Some reviews: sos QUOTE "Halliburton's Army" begins citing how $5,000/day oil-well fire-fighters were brought in, despite the Kuwaiti's offering to do the job for free out of gratitude for Gulf War I and concern for their own environment. The situation rapidly deteriorated - potential whistle-blowers demoted or other wise threatened, overheads running 43-55%, overcharges for fuel - $2.64/gallon, vs. a local Iraqi source at .96/gallon (or even an internal Defense Dept. source at $1.32/gallon), splitting contracts to avoid bidding requirements associated with large dollar amounts, billing for hours not worked, ordering multiple items when just one was needed (cost-plus!), serving overpriced and sometimes outdated food to non-existent troops, failure to treat water with chlorine, using very-high-priced suppliers, electrocuting troops via improper electrical work, failing to pay required disability benefits to those injured on the job, etc. |
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Dec 17 2014, 09:10 AM
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#223
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(gark @ Dec 16 2014, 10:56 AM) OMG.. skpet.. why you run away.. tadaaaaaa.......  |
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Dec 17 2014, 09:13 AM
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#224
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(wankongyew @ Dec 17 2014, 09:11 AM) Bah, oil prices haven't stopped falling yet. I bet SKPETRO falls again. Stocks down fall down in a straight line......... |
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Dec 17 2014, 09:26 AM
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#225
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(wankongyew @ Dec 17 2014, 09:11 AM) Bah, oil prices haven't stopped falling yet. I bet SKPETRO falls again. btw..... if you would have noticed.... some other OnG stocks .... they MATI-ed more teruk....Perisai... 3 months ago? wasn't it around 1.60 or so? Didn't CIMB give it a toilet paper of over 2.00? ( I still stands... if the stock name is smelly.... bloody hell... don't itchy back side and touch the stock! ) Alam.... 3 months ago? how much was it? UZMA...... TH Heavy? so on a not so bright side.... SKPet... didn't MATI that teruk...... |
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Dec 17 2014, 09:54 AM
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#226
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(tehoice @ Dec 17 2014, 09:47 AM) still early yet? isn't it? I believe at this moment, with the velocity of the recent sell down....boon gor? a bounce is to be expected (ie something like today) ..... so what I would like to see is... stocks managing to hold on to whatever gains they can muster today.... this would help 'reduce' the chances of being suckered into a false bounce........ yes... I would like to see some stability in the trading first...... on the other hand.... if I am scalping for a quick bounce profit....... I would have been IN already..... in short... it all depends on your game...  |
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Dec 17 2014, 09:58 AM
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#227
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(tehoice @ Dec 17 2014, 09:55 AM) from what you mentioned. it seems like you're a TA style trader don't you. I am a trader.Never denied it.  |
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Dec 17 2014, 10:00 AM
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#228
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(V-Zero @ Dec 17 2014, 09:55 AM) long wall of text. Tipsy? Tipsy? Tipsy? mana tipsies. Err.... how about....... buy stocks that will make you money?  |
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Dec 17 2014, 10:19 AM
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#229
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(gark @ Dec 17 2014, 10:09 AM)   ^&%^&$%&$^&^& Havent finish collecting yet... like this also chicken run away? |
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Dec 17 2014, 10:27 AM
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#230
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(gark @ Dec 17 2014, 10:21 AM) We will see.... how the stock goes, i betcha its a dead cat bounce. If scalping for a quick profit.... i queue at 2.05 lol for 2 days straight.. keep hitting the figure but my order was not filled. one could have entered at 2.15/2.16 ..... easy peasy profit now....... kaching! |
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Dec 17 2014, 10:35 AM
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#231
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(gark @ Dec 17 2014, 10:33 AM) Quick trading not my style mah.. cant really do it..  |
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Dec 17 2014, 12:44 PM
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#232
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(hehe86 @ Dec 17 2014, 11:00 AM) Keke, boss, after stabilize, you would buy at the previous low or break its swing high? For either scenerio, what's the implication of the price action? |
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Dec 17 2014, 09:11 PM
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#233
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All Stars
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QUOTE(Tripod @ Dec 17 2014, 08:40 PM) want to ask you guys about coastal. Try make use of Google.this is a ship-building co. right? but do not understand why this share also follow other O&G counters in falling when oil price keeps dropping. anyone here can help in explaining? want to enter but heart big...heart small does this co. rely on oil prices? This is such a necessity in life nowadays.... You will lose out one if you don't..... http://www.coastalcontracts.com/ir.htm QUOTE Coastal is a Malaysia based marine incorporation that provides marine products and services to the shipping, oil and gas and commodities industries. Our main services include build, charter, repair, maintain and trade of marine vessels, ranging from tug boats, oil barges, dumb barges, landing crafts to offshore supporting vessels and more. |
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Dec 18 2014, 08:49 AM
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#234
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All Stars
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QUOTE(Tripod @ Dec 18 2014, 12:22 AM) boon3, There isn't much lesson except using the need to use Uncle Goog to assist you.i did read abit of coastal in their company website. and i see their core business is ship-building (i could be wrong?) that's why i don't know why its price drop so much for this past few months. if purely o&g counters like skpet or armada then i can understand. but for coastal to fall so much....i really scratch my head  any lesson for us to understand any reason for the fall... Research is important, for more important than depending on heresay from public forums. Mis-information hurts just as bad. From the company own website which I posted earlier... QUOTE Coastal is a Malaysia based marine incorporation that provides marine products and services to the shipping, oil and gas and commodities industries. Our main services include build, charter, repair, maintain and trade of marine vessels, ranging from tug boats, oil barges, dumb barges, landing crafts to offshore supporting vessels and more. For the company to state CLEARLY their involvement in the oil and gas on their own website is an important point to note. http://www.themalaysianinsider.com/busines...pstream-segment *whenever you see a link posted, NOTE the date of the article. This is very important, as you do not want any outdated (masuk angin) news to cloud your judgement.* The first few lines... QUOTE “We will own and operate one jack-up gas compression service unit (JUGCSU) as well as two jack-up drilling rigs. As long as we secure charter contracts for these three offshore assets, we [our market capitalisation] will be there,” said Ng, who is also the principal founder and major shareholder of Coastal Contracts with a 44.7% stake. “I still have big dreams and I am confident of pursuing them. I have many big expansion plans to strengthen our upstream business. The value of these projects is going to be bigger than any of our ongoing projects,” he said. From about RM2.60 a year ago, Coastal Contracts’ share price almost doubled to close at RM5.03 last Friday, giving it a market capitalisation of RM2.67 billion. “Previously, some people thought our counter was speculative and they didn’t like our business model...... What does it say out loud for you? Company wants in the JUG and the drilling rigs business!!! (ie OnG sector!) And when the BOSS says out loud with statements like 'I (still) have a big dreams.......'.... I for one (I could be wrong ) would be damn cautious ESPECIALLY when the market fundamentals (fundamentals of the oil market) turns....More research done... http://www.theborneopost.com/2014/09/27/co...-rm444-million/ QUOTE The group in a statement yesterday said it has collectively secured contracts for the sales of seven units of offshore support vessels (OSVs) for an aggregate value of approximately RM444 million. OSV is used for oil rigs... yes? Research on impact of such news... http://klse.i3investor.com/blogs/rhb/60683.jsp I would note the very last lines.... QUOTE ..... high gearing expected upon the delivery of jack-up (JU) assets. We value its shipbuilding unit at 12x P/E, gas compressor unit using a DCF approach, and JU rig at 6x EV/EBITDA – in line with global shallow/deepwater rig players. Our SOP valuation reflects Coastal Contract’s quality assets and potential upside to recurring income. A key risk could be its first JU rig not being able to secure a contract for too long a time after its delivery by 4Q14, as a certain degree ofoperational costs, interest and depreciation would compress earnings. Management is considering to secure spot charters for the rig in SouthEast Asia. In a worst-case scenario, we believe the company may consider selling the JU rig, as there is interest from potential buyers. High gearing for JU... indicates extremely capital business... the issue of the JU rig to secure contracts...... moving on..... http://klse.i3investor.com/blogs/kenangaresearch/64747.jsp QUOTE Order book stands at RM2.5b (RM1.3b for shipbuilding and RM1.2b for the gas compression service unit in Mexico which will kick start in FY15). COASTAL is awaiting two high-specification jack-up rigs due in 1ST and 2nd half of 2015. both these rigs have yet to secure any contracts. However, we understand management is working very hard to close some contract deals soon. This asset will spearhead the company’s move into an asset-ownership model versus the previous build-and-sell model. According to our channel checks, there are >40 jack-up rig contracts in South-east Asia expiring from mid-2013 to 2015, which implies abundant opportunities on the horizon. Moreover, there could be cross-selling opportunities with its entry into Mexico. Look at the size of the contract in the gas sector... 1.2 BILLION!!! Then the big issues..... 1. Coastal awaiting 2 high spec JU..... in 2015.... 2. ..... and it has not secured any contracts yet! Why is it an issue? We know this is mega bucks for the JUs.... High gearing needed... ie... BORROWINGS! Problem? It got no contracts .... yet! Of course, as mentioned by research report... worst case, it could sell the rigs. But with current oil market business economics... this will be a tough ask!!!!! Would you not agree? Lastly, at this point... the previous earnings records is not as a useful guide anymore... The collapse in oil has put a massive uncertainty in related companies in the sector.... Everyone is looking at fewer job contracts.. and they are worried about postponement or delay of already secured contracts and also the risks of cancelled projects...... all which will equal to lower future earnings.... with market priced forward according to future earnings (or as some calls it uncertainties).... I would more or less agree with the current stock price trend. my 3 sens..... |
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Dec 18 2014, 08:55 AM
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#235
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(Tripod @ Dec 18 2014, 12:22 AM) boon3, The chart....i did read abit of coastal in their company website. and i see their core business is ship-building (i could be wrong?) that's why i don't know why its price drop so much for this past few months. if purely o&g counters like skpet or armada then i can understand. but for coastal to fall so much....i really scratch my head  |
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Dec 18 2014, 09:31 AM
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#236
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(gark @ Dec 17 2014, 10:33 AM) Someone made money already ah...... ps: see ... you don't need to chase the bottom to make money. Quick trading not my style mah.. cant really do it.. and it's not difficult. |
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Dec 18 2014, 12:28 PM
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#237
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(gark @ Dec 18 2014, 11:26 AM) In this low priced oil environment, the first to idle will be drilling rigs as they are for exploration not production. Production projects will likely continue even as oil prices is very low, as they are sunk costs, so they will need the cashflow to keep the company afloat. The majority of cost per barrel is exploration and capex required to build production. The actual production cost once everything is in place is very cheap ~ $10 only. In cash crunch time exploration will always be the first to be idled as it can always be deferred to better times to maintain cashflow. Next to go down will be capex for NEW production, which will be the MOPU, OSV and FPSO's. The assets already in production, will be last to go idle as these are money earning assets unless the company close shop. So... production > capex > exploration This is why I know that you know far more better than me in this sector. Inari? Good trading stock eh? |
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Dec 18 2014, 12:30 PM
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#238
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(yhtan @ Dec 18 2014, 12:14 PM) Ah Boon, do u think the strong USD as a major threat to the current market? The threat actually is the weakening RM.Consequences are far more damaging..... |
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Dec 18 2014, 01:06 PM
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#239
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(gark @ Dec 18 2014, 12:59 PM) Emm 2 days ago queue ... also cannot get. Whack high when they start to run....... Another chikin run. |
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Dec 18 2014, 01:23 PM
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#240
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(gark @ Dec 18 2014, 01:11 PM) These analyst.. really need to whack backside. OSK always lousy one. Less than one week TP can drop from 4.02 to 2.20 and buy call to hold call.... maybe in a week or two become sell call or buy call again? These kind analyst will put a lot of people into early grave.. Everything all they suka -suka say one .. PE can swing from PE 9x to PE 18x... |
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