Yes...and it's starting 3Q this year. Order received, just a matter of time. The phase 3 details shared by the director is nice as well. Kampung Jawa is indeed highly populated. "238 residential units and a facilities floor above the seven-storey podium carpark. The built-ups for the apartment units will range from 913 sq ft to 1,018 sq ft." Priced RM400-500K.

http://www.theedgemarkets.com/my/article/jag-aims-debut-maiden-property-development-3q2017"

ACE Market-listed electronic and industrial waste processor JAG Bhd is planning to unveil its maiden property development project in the third quarter this year (3Q2017). It has received the development order from the authorities recently." So JAG has received the order, just waiting to start. Very hush hush this one.

http://www.thestar.com.my/business/business-news/2017/03/03/jag-ventures-into-property-sector/ here's some updates. Keeping a close watch on this one.

anymore details on the agreement? If the guys (investors/traders) at Dnex/Censof saw this and how cheap this still is, anymore details might attract buyers.

Today is EGM right? Anyone going can share updates? Much appreciated. If good, can contribute to the KLCI bullish sentiment.

Guess I'll wait there, attractive development in the news just to let this one slip out of sight.

Probably to entice Reach to quickly acquire the remaining 40% . But then again, it's just a theory out of so many theories.

Hopefully whatever happens, it will help the company and the small shareholders. 2017 just started to shine a little brighter.

I see, a genuine turnaround company is always worth following.

that's the thing that intrigued me. If he really wanna create haywire, could have disposed that amount in the open market when price was higher. Not through cross deals. The deals happened at 0.130 (most recent), 0.135 and 0.140). And the director still have 66.7 mill left. Monitoring this closely. I missed the Dnex train LOL. Wanna join another if there's any.

I dont think so Stevecheasw, should be earlier than that. My guesstimate is June.

If the next QR showed that they can cover all the expenditures of acquiring the assets, opex via the booked income since 2015 until whatever date they released the report..oh my..but of course I think this is just wishful thinking.

the game in this one is interesting. Still got married deals during afternoon session. The candle doesn't show that does it?

They are hiding the block for future much much higher prices I hope :P. By the way, just now got 4.9 million direct business transaction at a price of 0.625.

If u are genuine, show us your calculation, on how this dilution has been terribly disolved in big way ?

Juz show it to us ... +5 like

Are these guys (those who wanted us to sell) mixing the par value of 0.50 mentioned in the announcement with the actual future price?

lol so modest! Don't they know that above 64 cents the queue is really really thin haha.

It will probably take some time before any real movements for giant investors to look at the data/protocol. I don't think there's much shares left on the market if they were to swoop up.

Now more eyes are on Reach, go long!

There's a lot of things to digest. Check out the asset, last year there was the cash in the trust fund only.

At a price of 0.14 :)

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5353549 there you go. Analyse to your hearts' content.

"For the current financial quarter ended 31 December 2016 (“Q4 2016”), the Group recorded revenue of RM23.04 million and profit before taxation of RM1.74 million. Gross profit margin and profit before taxation margin stood at 19.4% and 7.6% respectively for Q4 2016.

The increase in revenue in Q4 2016 as compared to the corresponding quarter ended 31 December 2015 (“Q4 2015”) by 6.7% was mainly due to an increase in sales of horizontal and vertical bamboo flooring products to the overseas market during the quarter.

For Q4 2016, profit before taxation decreased by RM7.34 million from RM9.08 million in Q4 2015 to RM1.74 million in Q4 2016 mainly due to the recognition of unrealised foreign exchange gain of RM5.1 million recognised in Q4 2015, as well as an increase in administrative expenses in Q4 2016 as a result of recognition of amortisation of intangible assets of RM0.33 million.

For the financial year ended 31 December 2016 (“FYE 2016”), the Group recorded revenue of RM68.79 million and profit before taxation of RM6.04 million. Gross profit margin and profit before taxation margin stood at 23.0% and 8.8% respectively for FYE 2016.

The increase in revenue for FYE 2016 as compared to the corresponding year ended 31 December 2015 (“FYE 2015”) by 3.7% was mainly due to the pick-up in export sales due to the Group’s increased effort in marketing its products to the overseas market.

Overall, profit before taxation decreased by RM5.05 million or 45.5% in FYE 2016 as compared to FYE 2015 mainly due to the recognition of unrealised foreign exchange gain of RM5.1 million recognised in Q4 2015. However, the Group managed to increase in gross profit margin from 19.8% in FYE 2015 to 23.0% in FYE 2016 mainly due to the increase in sales of in higher margin products."

Excerpt from the latest QR. Putting this on my watchlist.

LOL more than 50% down and even further than the RI price? Ok whatever you say then.

I'm gonna let mine sleep a bit I guess. But don't sleep for too long ok :P.

Just to avoid any misunderstanding, I'm just sharing MTD's background since they are one of the biggest shareholders in Reach.

http://www.mtdcap.com/?page_id=127 their biggest projects completed that I could find were:
Labur Bina Housing Scheme – Phase 2 RM1.5 billion

Design, Construction & Completion of East Coast Expressway – Phase 2 (from border of Pahang / Terengganu to Kuala Terengganu RM1.4 billion

Bakun Hydroelectric Project, Package 1A,1B, 5B RM369million

South Luzon Expressway Rehabilitation Project (SLEX) RM678 million

NHA Housing Project of Bangkok, Thailand RM299 million

Improvement of Jamarat Bridge and Surrounding Area in Mina RM244 million

the way I understand it, is, it won't be shown in this coming QR. Only next one. Hence why I linked the MIE Holdings, so if anyone is feeling free or rajin can have a look at MIE Holdings website for previous reports. The daily production might change though starting from Dec 2016 .

oh well, such is the way of life for small fries like us. Can only wait.

Stevecheasw..I don't think it's done yet. Just that there's no short term catalyst to boost the price up (that I know of) .

Meanwhile while we wait, http://www.mzcan.com/hongkong/01555/announce/350/EN/LTN20170208535_fciB6a6CyA6n.pdf

acadi, yep. Just sharing the history of MTD being taken private.

http://www.thestar.com.my/business/business-news/2011/02/21/case-of-mtd-capital-new-threshold-puts-msia-in-top-tier-of-asias-maturing-capital-markets/ interesting read. One of the preparations for possibilities to come. Lately, there's been several news of takeovers which drove the market to push the price up. Analysts should react by sharing their outlooks for a fair value.

Could be. In one of the recent articles, they did mention the possibility of cancelling the PP plan. But even if they were to proceed, remember the number of shares after the cancellation of the dissenting shares have been reduced, the PP will just bring it up to probably more or less than 1.2 bil++ (the original amount) .

But this block is definitely price control. Not sure if any retailers got that amount to block. Either to prevent early shoot up or preparing for PP. Hopefully if it's PP, the effect would be buffered by accompanying good news/report.

LOL another one. Since I'm feeling free...well because Reach was an SPAC that transformed into an OnG E&P company. Now what is that? It's the weekend, read up a bit :)

now that's a happy read on a lovely Saturday morning!

I don't want to overspeculate but with all the positive news around, there might be parties drawn to acquire large shares.

just got notified 10 million units direct business transaction at 0.135

a nice kind of surprise? :)

Haha Ramlee, one of the theories on my mind! Especially if they have seen the future profitability (if it's true) .

These two are new names for these positions right? (after the recent redesignation) MTD people http://www.thestar.com.my/business/business-news/2017/01/25/reach-energy-redesignates-top-officials/
Tan Sri Dr. Azmil Khalili Bin Dato' Khalid - Executive Chairman
Ms Tan Siew Chaing - Executive Director

About that block I'm keen to think that maybe something good is brewing. So many theories on my mind.

BabyTA that's from the Jag Press Release through Bursa Announcement

Lai Ping Chong, if we look at previous announcements, it will probably be before March.

Hehe result should be just around the corner. For the first QR as a real OnG E&P company, I really wanna see the revenue collected since Oct 2015. Overall it maybe won't look pretty yet because of the payment made for the Kazakh asset but who knows. :)

I hope so too Tankhaylong. LTH is in a position to prove that their OnG investment portfolio is not directionless or 'sia-sia' . Maybe they know that Reach is headed in the right direction.

ahmadkerl, it's overbought in an uptrend for a valid reason. Not because buyers jump in based on charts only. Healthy correction is expected.

Everyone wants fast money I guess, buy today, profit 1 hour later.

haha beats me, I wonder why too. Counters with not so good rep like KFM, that palm related one ( :P ) will draw people like magnet whenever there's very little development. But this one with all the strong facts presented still got people doubting. Oh well.

I believe so. Now people just realized the value that Dnex brings. Looking at it from various angles. Not just another simply goreng 20 cent stock.

I never took Dnex seriously until recently and I think I'm quite opened to many views.

Hehe btw contrarians are people who do the opposite of popular opinions..i.e. buy when people are scared etc. But I get your idea. Hehe.

shareinvestment7 below 40 cents, gave 1.5 cent dividend in 2016, single digit PE, ROE 33.52% some more.

Thomaskklee, read the earlier comments, read the broker newsletters, read emails analysing the financial of dnex and make your own decision. Some here just want to see you throw your shares cheaply at them and then go for 2nd round hike and they don't hide their intention.