its really good news

I think the idiots really have nothing better to do during the day. Just ignore these empty tin cans lol

This idiot is so stupid explain to him also insult your brain...just ignore him. Nta is not the pure determinant of share price enuf said. Profits pure n simple...

its really amazing that there are so many idiots in the forum nowadays.

its even more amazing that they argue non stop based on ridiculous theories and statements that have totally no proper basis at all. yet they still argue...lol

for the educated its really humorous to watch them do it in action. they should be in the pasar malam doing this arguments...not in here

i guess this really gives meaning to the word "keyboard warrior"

just ignore these empty tin cans thx

wat the crap is this stupid guy doing? i think we can just safely ignore this fella. attention seeker...

matrade helps everybody la...this is no big deal for proton.

others businesses more important for drb

oil at usd48 and this stock is still stuck....pathetic la....

its absolutely delicious to collect at this price

i used to think that this calvin has some good valid points. but after this article without proper basis analysis n reasoning...looks like he is just another empty tin kosong as well.

sometimes we wonder what is he pulling at?

actually i believe this is one of the best price that we can start to collect. should it drops more then its heaven sent.

if you were to keep on hoping that it will drop somemore then only collect...u may miss the boat on a good price. u cant really catch at the bottom. its impossible to predict.

80c is way too low. i doubt it will go there.

proton losing money how to cough up half of 5bil? borrow again?

at this price its a steal to buy in.

enuf said

Rights is similar to warrants

Kylo the issue price will be determined by the company. Once listed i believe the opening price of the warrants are determined by market forces. We cant predict wat price it will go

Kc what about iculs? I can never understand this. Thx

LadyD I would like to hibernate n go buy other stocks.
I no longer feel a need to promote reach simply becoz its not my job. I believe they shld be monitoring this forum like sona. They shld be promoting instead of us.

Unless the share price shows movement i am gone elsewhr

this writeup is very well written with proper reasoning and objective analysis. next thing would be getting a target price for skpetro

thx

an amatuer without substance and thinks he is skyhigh due to some little success...ego problem...

The fact remains is that mr kyy sold while promoting vs n latitude in one of the recent articles written in i3 on a very close time together.

So what does this say?

Thank you

How did u come to the PE of FD to be 25? Mind sharing? Thx

Sorry to hear this

ladyD, me no expert but them buying is good for the image building of reach energy.

hope your news is good news then my warrants can offer me good kfc lol
perhaps they are positioning now to reap some rewards in the soon future

*trying to remain cool while patiently waiting for the share price to show some performance*

becoz this company is already a gone case.

the way this sgb mother shares and warrants acts n behave recently...it quite obvious its a dumping tactic on the poor masses.

somebody already written about it with a fair value of 59sens

why are you guys still saying this stock is good. time to be realistic n go. no emotions attached. the sooner u realise it the sooner u can redeploy your cash elsewhr to make money. why want to waste more bullets on a question mark stock somemore?

god bless

likewise if the share price remains above the cashback value of 77sens...i suspect there will be a lot of promoters coming in with gungho enthusiasm too....lol

only with good information then can u really make good informed decisions whther to buy/keep or sell

not with half baked half assed pasar malam opinions/ideas with no understanding of the rules and whatsoever. it just doesnt work like this.

not to mention my previous questions that goes unanswered...sheesh empty tin can too.

folks pls at least read the announcement given by reach management on 5 mar 2016. there are a lot of info there which really helps explain alot of things. its in simple english really...not pasar malam language. so shouldnt be a problem at all.

good day

Good objective writeup. Thx shane

This is exactly why I asked for an article/info as to where the 781,000 number comes from.

tho i am not an oil n gas analyst its still prudent n responsible to at least give the whole picture in an impartial n objective manner. not just one two answers n still leave us in the blue.

the info you have provided is actually ...kinda confusing.

how did you come to the 5 fields? is it the entire emir oil fields? how did u know the 1p 2p reserves for EACH field? how big is the fields? small? is there any extra empty fields to explore?

kinda provide the link or info where u got it from so we can go read...even tho we will try to read russian. lol

133mil at 15% discount is ok to me. plus on what basis you IMPLY the price reach is paying is overprice? on the whole emir oil fields?? but i thought the whole fields is about 850sq km..thats big right?

pls just dun give one answer out of the blue ...we need proper info. should u know where to find it, kindly lead us there.

we hope you are objective in this. thank you

ks55 has a very valid point. no need to feel offended so fast. old men can give u good advice.

70k to trade is honestly not a lot. tho it is still money and also can make you money.

i invest much more than that a few hundred k...but i dun trade short term only do long term. few hundred k is also not a lot. i know some trade in at least a mil. lol

my advice is to listen n read lots of info if u want to be a successful trader...especially TA. traders like TA can go in fast n out

cheers

Haha they too free

Folks this article from star clarifies how many 2p reserves emir oil fields have

http://www.thestar.com.my/business/business-news/2016/04/07/reaching-out-to-shareholders/

Also based on their bursa announcement on 5 mar 2016 on the QA, its stated as of 1 jan 1016 1p reserves of 60% attributable to reach share is 12.5mil barrels of oil.

I seriously wonder where does the number 781,000 comes from. Is there AN article about it? Its only fair reporting ....

Thx kareem for the article.

This is the truth. Be warned

is it possible that when the warrants shoot down like this...this means that the markets are expecting the mother shares to go even lower?

ck chan, you are actually very welcome to disagree with me. I am merely stating the obvious and from information based on facts n results seen up to now. If u dun believe its up to you too.

regardless of whether the share price stands at 66sen or rm1 you can sell or buy. Its your choice.

however, Reach will still need your votes to APPROVE their QA. its stated in SC laws. but of course if u want go to vote or not its your choice too.

I seriously do want the QA to pass n everybody makes money with a happy face to the bank. But of course there are some who totally just dun get it. I rest my case.

btw i own warrants NOT shares hence i will lose in warrants should the QA fail. I hope u know why warrants will lose should the QA fail.

please go n read n find out more about why sona cliq fail before saying that my strategies are not valid. i can admit that i can be wrong.

perhaps you can provide OTHER strategies for us all in here instead of just plainly saying i am wrong.

i have used to think that all spacs listed in bursa are different cases.

however have we actually look at the shareholders who bought into them?

cliq sona reach these 3 all have the same shareholders in them. CS & pag

so i think its high time to realise that they might not be all that different.

different is HOW the management plan their strategies to ensure approval of the QA.

dun be so quick to cast aside that important info. this thinking could be naive in itself.

btw i own lots n lots of warrants. i stand to lose more if everybody votes no.

furthermore if the share price is above the cashback value of 77sen, i doubt there will be any dissenters.

i am only complaining as to why the strategies are not in play yet...assuming if they have any. i do not want the QA to fail. its definately in my interest n everyone else to see it thru.

however there are obstacles, and these must be dealt with.

there are already examples to be seen now. cliq n sona.

be forewarned is good, that way u can plan n succeed. not dream n fail big time

guys pls dun dream too much.

history is repeating all over again from spacs listed thruout the world.

heres an interesting writeup.

http://www.investingdaily.com/10914/special-purpose-acquisition-companies-spacs-will-investors-live-long-and-prosper/

read the Hedge Fund Obstructionists section.

hence its true that history is repeating itself.

as long as majority shareholders are hedge funds/yield investors...dun dream too much. accept reality

yes.

its like history repeating all over again from spacs listed thruout the world.

heres an interesting writeup. never realised this but this is very true for hedge funds holding spacs shares. the threat is very real. hence we must be careful.

http://www.investingdaily.com/10914/special-purpose-acquisition-companies-spacs-will-investors-live-long-and-prosper/

read the Hedge Fund Obstructionists section.

hence its true that history is repeating itself.

lets see what reach management can do about these vultures and come out with a proper strategy.

Hmm insider owners are buying shares in the open market. Kudos to u!

Now lets see about the share price

speakup relax lol

in the world of investing there is no right or wrong. just info to sift thru and to make the right choices from those info.

info is very important. we must always base our decision making skills on the LATEST info and not harbour any longing or emotions on our stocks.

this is the markets. if u are not nimble n smart n are emotional...then the markets WILL BE merciless.

good luck

speakup you are fully right on this one.

action really does speak louder than words. QA matters...but investors just dun care. $$$$ share price is what they wanna see.

we already have a solid answer from sona results shown n seen. there is no denying the facts.

if others still wish to see it their own way and not even consider the possibility of the hard truth then so be it.

let it be speakup.

lcwin your deductions are full of contradictions.

a very simple question.

Are yield investors interested in the QA? or the guaranteed yield of 13% as available now from the recent share price of 68sen?

mr.tan

i have to agree with you on this one. there is NO MORE HOPE FOR SONA DY.

time to move on to other stocks.

callme77 is right that YOU NEED SHAREHOLDERS APPROVAL FOR QA BECOZ SC LAWS SAYS SO..

time to go and lick our wounds. buy others. i am looking at sumatec. at least it doesnt EXPIRE.

ladyD,

simple matter of fact is from the rejection of sona's QA is 77%. this means from both major n minority shareholders alike overwhelmingly rejected the QA.

some major sh in reach may go for yield...77c/68c now = 13% yield!!! this is too tempting.
regardless an overwhelming majority went against sona's QA. this is really BAD!

so what can we learn from sona?

1) sona share price did not go above 48.5(cashback value) hence it is safer to buy low n get guaranteed return(plus interest) without the risks(becoz the money is in a trust fund)

2) the yield investors didnot sell out at the normal price becoz sona shares DID NOT go above cash value of 48.5 so they are stuck too. CS n pag are yield hungry( see that they keep on popping up in cliq/sona/reach) plus swiss central bank has a negative interest rate

3) 75% approval rate. this is actually the killer punch. no thx to the rules. so how? reach has to double their efforts to ensure ALL if not most retailers/major/minor shareholders are happy. but somehow i think they are only interested in major and major sh can actually screw them up like sona. minor becomes frustrated n hence like sona voted against.

4) i expected about 40-50plus % vote against in sona QA but not 77%. not so much majority. again what does this tells us? major n minor dun CARE about how good the QA is. sona QA is actually not bad. why still fail? lowest purchase price usd25mil. reach is not low yet. how to justify?
i think investors only care about what level their share price is. remember the markets knows things in advance...if your share price is low...means ppl HAVE NO CONFIDENCE IN YOU!

5) is any insiders buying reach shares? sona insiders did not...what does this tell the ppl outside? sona management has NO confidence in their own company.

i suspect if reach plays the same game like sona...they will be rejected too. they can rely on tabung haji but how about the others? we just dun know.

like some investors in sona said ...best if the reach share price is ABOVE the cashback value. then yield investors can sell out n others come in. everybody likes a high share price.

look at hibiscus....their share price went thru the roof! and is their QA rejected????

be warned. follow sona then results may highly likely end up the same.

as seen from cliq...once QA gone they have to liquidate. cant go against SC laws.

even if they can get something, the chances of approval is just too minimal 77% voted against!!!

sona is a dead duck dy. No thx to the tidak apa attitude n dun care about minority shareholder culture.

wasted sigh...oh well not all investments are good.

To the management of REACH,

its a waste for sona but let this be a really important lesson n learning point for all spacs

simple matter of fact is the 75% approval rate. means you are controlled by the majority shareholders. if u failed to entice them then its a goner.

shareholders just do not care about long term prospects, long term profits...they just want their share price to be high enuf said.

if the culture of not giving shit to the minority shareholders continue .....then beware like sona results

Sona has failed. I wonder how will reach react to this now?

Keeping fingers crossed.

Lets wait for the live update.

Will be high pressure for those who are emotional types....lol