$COAL Runnings – Must Watch

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Coal Asia Holdings Incorporated (COAL) was incorporated on June 11, 2012 primarily to be the holding company of Titan Mining and Energy Corporation (TMEC), which is involved in a coal mining and energy-related business. The Company owns the 100% equity interest in TMEC.

TMEC currently has three Coal Operating Contracts (COC), one in Davao Oriental and two in Zamboanga Sibugay. All COCs are in the mining exploration phase. The Company’s affiliates include Pacifico Sul Mineracao Corporation and Colossal Petroleum Corporation.

As per company’s last report it’s not really doing well. So what’s in it for you and for me?

Annual

For the fiscal year ended : Dec 31, 2014
Currency(and units, if applicable) : Php

Balance Sheet
Item Current Year Previous Year
Current Assets 141,589,772 278,975,566
Total Assets 3,949,623,108 3,977,868,054
Current Liabilities 10,450,029 30,545,547
Total Liabilities 14,419,120 33,645,972
Retained Earnings/(Deficit) -64,597,932 -55,235,448
Stockholders’ Equity 3,935,203,988 3,944,222,082
Stockholders’ Equity – Parent 3,935,203,988 3,944,222,082
Book Value .98 .99
Income Statement
Item Current Year Previous Year
Gross Revenue 1,520,773 8,318,913
Gross Expense 13,549,163 12,357,506
Net Income/(Loss) Before Tax -12,028,390 -4,038,593
Net Income/(Loss) After Tax -9,362,484 -1,908,412
Net Income/(Loss) Attributable to Parent -9,362,484 -1,908,412
Earnings/(Loss) Per Share (Basic) -.00 -.00
Earnings/(Loss) Per Share (Diluted) -.00 -.00

Quarterly

For the period ended : Sep 30, 2015
Currency(and units, if applicable) : Philippine Peso

Balance Sheet
Item Period Ended Fiscal Year Ended(Audited)
Current Assets 119,413,819 141,589,772
Total Assets 3,963,458,728 3,949,623,108
Current Liabilities 20,282,445 10,450,029
Total Liabilities 41,512,536 14,419,120
Retained Earnings/(Deficit) -77,855,728 -64,597,932
Stockholders’ Equity 3,921,946,192 3,935,203,988
Stockholders’ Equity – Parent 3,921,946,192 3,935,203,988
Book Value .98 .98
Income Statement
Item Current Year (3 Months) Previous Year (3 Months) Current Year-To-Date Previous Year-To-Date
Gross Revenue 585,946 188,255 1,233,186 1,064,824
Gross Expense 5,926,360 3,628,143 14,490,982 9,903,330
Net Income/(Loss) Before Tax -5,340,414 -3,439,888 -13,257,796 -8,838,506
Net Income/(Loss) After Tax -5,340,414 -3,439,888 -13,257,796 -8,838,506
Net Income/(Loss) Attributable to Parent -5,340,414 -3,439,888 -13,257,796 -8,838,506
Earnings/(Loss) Per Share (Basic) 0 0 0 0
Earnings/(Loss) Per Share (Diluted) 0 0 0 0

Let’s look at the stock data and try to see what’s unfolding.

Coal Asia Holdings Incorporated

COAL
As of Jan 15, 2016 03:20 PM
Status Open Market Capitalization 1,680,000,001.68
Issue Type Common Outstanding Shares 4,000,000,004
ISIN PHY1671E1083 Listed Shares 4,000,000,004
Listing Date Oct 23, 2012 Issued Shares 4,000,000,004
Board Lot 10,000 Free Float Level(%) 19.99%
Par Value 1.00 Foreign Ownership Limit(%) 40%
Last Traded Price 0.345 Open 0.420 Previous Close and Date 0.420 (Jan 14, 2016)
Change(% Change) down  0.075 ( 17.86%) High 0.420 P/E Ratio
Value 3,696,600.00 Low 0.340 Sector P/E Ratio
Volume 10,120,000 Average Price 0.365 Book Value
52-Week High 0.98 52-Week Low 0.420 P/BV Ratio

At a quick glance, average price is slightly higher than the closing price, if it stayed that way for next week’s trading, a good opportunity is taking shape. Last volume traded was 10,120,000 out of 799,588,000 float or 1.25% has been bought and sold from the previous trading, despite the fundamental setback, there’s some level of interest going on for this stock for unknown reasons.

For your ever addiction to charts. SMA(20) is over EMA(13) or a SWAG is spotted in the horizon with MFI below oversold levels and the Parabolic SAR that will reverse one way or another. Which altogether completes the recipe for a BUY.

COAL-01152016

Recommendation: BUY on Weakness

Holding Period: 90 trading days, cut loss with your own cut loss/position sizing/risk management strategy

As mandated by law, being a Certified Securities Representative, I CAN NOT guarantee against loss.

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