ok my apologies then :) lets all go huat for this reach!

sigh slow nya

eh i dun understand pasar malam talk la...aiyoyo

aiyoyo sumatec go down ...forum turn back to pasar malam

yes i believe you speakup only up to the 2 years waiting period. nobody will ever wait for 2 years to get back their cash due to liquidation n court case. you are not admitting that it may be a problem for you but we can all see it.

if what you say about reach is so bad why not sell now? i think you may be banking on it succeeding too. so the moral of the story is be truthful and be impartial ...not govern by emotions/fear.

i rest my case n good luck to us all on reach being approved. i own lots of warrants so i guess i am more pressured but should anything go south i am out simple as that. so i am merely neutral based on news about reach. not DIE supporting it nor asking to fail.

cheers

oh btw

capital repayment = payments drawn from a company's paid-in-capital or shareholders' equity

dividends = payments from the company's earnings

capital repayment is often paid out in instances where a dividend payment is required, but company earnings cannot facilitate such a cash payment.

but but but u may hold for 2 years...reach may go to court too...lol

so care to enlighten us what is capital repayment pls? pls bless us with your expert knowledge....if u can

thx

speakup i think reach will FAIL ...so why are u still holding the shares? its dangerous! u may lose it all!!! lol

lots of ppl do not really know shit about the markets n just condemn without any basis nor rational arguments.

just ignore these pasar malam ppl. i dare them not to buy when the rush comes in. however i suspect they will buy behind the scenes ...like the rats they are. 8sens capital repayment is like your dividends...is dividend a gimmick? lol

anyway,

sweet potato u can check out the annual report 2015 n look for the analysis on shareholdings for CS. there its stated they own 3.7%

ladyD i dun know about the outcome for sona media field trip since i am not an insider not the one to speculate on news. however i do like their new capital plan. sounds good a very good yield based on share price 8sen/45 share price = 17.7%

however whther retailers n funds believe or not hard to say. i guess even with the best plan..things can go north n south. i am just monitoring n see lo

interesting development happening in sona...perhaps reach management can learn a thing or two from this

with the new capital repayment applicable for both shares n warrants

i will not be surprised if ppl decide to collect mother n son tmw onwards.

it was a smart move. with mother 45sens now n 8sen repayment(dividend) of 17% its high. this is enticing ppl to buy shares n perhaps chase it up.

with warrants ppl may still collect without exercising it to speculate on the upside in price due to mother shares going up.

looks like a smart move. will see if we are correct.

naysayers...pls just go away dun buy any mother n son tmw....just let it go up for us

thank you

yes looks like they are really sacrificing a lot. they all sailang in sona....haha

new capital repayment proposal is out!!!!!

looks like the management is willing to sacrifice a lot!

looks good

gentlemen pls read up

maybe the fund raising proposal or private placement/rights issue maybe to further increase the shareholdings of reach energy.

increase friendly parties n dilute the hostile parties shareholdings...like CS n pag

lol

Aiyo! Go up more n more!

aiyo...13sen good !

update on CS & PAG holdings

CS = 3.7%
pag = 5.5%
total = 9.2%

reach energy holdings (20%) cannot vote.
hence left 80% to vote.
CS pag holdings = 9.2/80 = 11.5% (below the 25% deciding factor)

yes ladyD u are right same SOP being seen here.

reach management should already know what is happening from cliq n sona.

hopefully they have a strategy in hand already. if not reach also will come to a standstill like sona now.

its again the 75% approval rate which is the stumbling block. any 25% can block the deal.

and CS + pag now holds about 8.7%

we need to keep on monitoring this.

maybe best oracle is kinda piss off from the actions taken...thats why lo

then the big guys should just vote for the QA. if not hard to get cash back

aiyo

Aiyo

Aiyo

so brutus, what is the proper valuation of the 2p reserves minus the tax n royalty ..in your opinion?

we need good info to make informed decisions.

sorry to hear this for cliq shareholders.

seems like the major shareholder refuse to back off and want to sue for compensation. but SC laws are laws

ok ....saya faham dy...

ni sumatec forum sudah jadi forum pasar malam aje...kesian la...

semua best ya

their reserves is already worth much more than usd25 mil if extracted from the ground.

i am curious as to why no oil analyst state this. I have given a calculation from a previous post long ago ....

What about the future value of stag?

Oil n gas co are valued from their reserves namely 1p n 2p about 30.5 mil barrels of oil.This amount assumes amount of oil they still have n gca has gone on a conservative valuation. plus they did not include the 3p oil n the extra hart fields which may have extra oil after exploration. This is all in the report by gca. This 30.5 mil oil barrels assumes using infill to generate those reserves numbers. And we havent even talk about oil prices yet.

so how much is this reserves worth? Assuming they used up the 400mil cash for infill..

Base on oil price usd40
exchange rate usd to rm 4.1
their costs of production/ oil extraction usd30
note. Reserves are valued after extracted from grd.

Reserves value:
30.5 mil x 4.1 x ( usd40- usd30) = 1.25bil rm

this is black gold waiting to be extracted from the ground!

i also dun know why they dun promote like this. we investors all see $$$ signs only ma....

Whatever happened to good info in this forum?

We eagerly await news from the management. Still is early april tho

Tho the article is timely i do not agree with all points except the dca fees n share dilution. These are right.

The others 3 pts are totally subjective n without basis. Just relying on feel n rsi is not enuf.

It seems like at the end of the day its just a hunch u feel that aa is not worth buying.

Dca fees may chg this is uncertain. But share dilution is real..it depends how many % the eps is diluted. Tho i do not know how much..this pt is a valid pt.

Pls at least give more compeling arguments before even posting...if not dun bother.

Thank you

Just wait and see what does the management offer. 

Those dun like have been repeating negativity again n again...frankly its getting boring... 

We know the issues la...u are not the only smart alec ...some think they are... 

We are not children...we know wat to do or not do ...lol

Just wait and see what does the management offer.

Those dun like have been repeating negativity again n again...frankly its getting boring...

We know the issues la...u are not the only smart alec ...some think they are...

We are not children...we know wat to do or not do ...lol

thats why i have already said in sona forum....i3 is turning into a pasar malam forum...lol

btw i like you rambling lady D. thank you for the heads up.

yes luckyoldman, you are right in your calculations.

i believe the management again already knows this and maybe working out a nice strategy n plan to offset this.

if they cant..well no need to say already.

that is also why we need to monitor this n see what do they propose.

perhaps they have a nice sweetener...

dun worry pasar malam ppl will only just shout out like pasar malam ppl...no sense of anything and just shout for fun like trouble makers...

exactly especially with our tidak apa attitude....sg ports will remain well n not feel threaten....

Yes! Logical thinking ppl have come out!

From here i can already tell that u guys have yoyr EQ controlled to a certain degree. This is important for successful investing/trading

All the best to us sona fans

yes

and that is exactly why...we need wait n see what the management has to offer. they should know what to expect n be expected from the shareholders egm held recently.

u see the market is very fair and fast. if news and proposal is not good...market will sell down. if good, stock price will go up.

all u need now is patience and wait. I am not supporting fully yet not condemning either. there is no point at all. we as investors are all neutral n should be neutral is all we buy/sell.

no personal longing, this not good, skip n buy others. this is not a pasar malam. there is no haggling and no wishful thinking. there are rules n regulations to follow. plus....the markets are really merciless...

again lets see what they have to offer us...

again pasar malam rules and negotiations by pasar malam people...like everything is so simple and drop from the sky...no need time to plan, check and find advisors etc.

just wish n poof...come true...lol

I agree with callme.

might as well sell ayam n itiks hahahha

ayam name = sona
itik name = reach

hmm seems all are interested in condemning everything and anything.

i guess everybody thinks that they know best and are the best analyst without ANYTHING to back it up. not unlike the proper sifus like icon/kcchong etc

i3 is really turning into a pasar malam joke ....unfortunately.

again rules cant be changed once listed. dun be naive.

management should know what to do now. lets just sit back n see what they CAN do.

nothing is cast in stone.

lots of companies trade below nta, above nta etc
enron/transmile can show u good results yet still fail
FGV have lots of cash yet share price drops...
emotions can run crazy due to ringgit going up/down
look at exports stocks lol...like a yoyo following ringgit up n down...no logic at all

if u are so uncomfortable in sona/spacs...why stay here / just go.

funny thing is even the pasar malam hawker thinks they knows best n above even the management. no need to follow SC laws...just follow pasar malam laws...aduh..

i rest my case. good day

well all i can say is. keep a lookout for CS n pag accumulating the shares.

CS = 3.7%
pag = 5%
total = 8.7%

bad thing is doesn't look like got lots of friendly parties...

any positive info on the exim bank loan to sumatec?

yes the list of shareholders are very very important. if i have more shares than u ..i can dictate how the company goes.

u cant really change the rules of the game once you are listed in any stock exchange. this is naive thinking.

the only thing left is to see what new sweeteners the management has to offer. i am sure its gonna be pretty sweet...as i am also sure lots of ppl has already sounded out their worries/ideas/suggestions to the management at the last egm.

unfortunately every investor is different and their goals are also different. we will just have to wait n see. all other things are wishful thinking indeed.....

of course who doesnt like money? lol

lets see how sweet their new deal is.

its possible but at the end of the day its the majority shareholders's thinking.

sona is cornered by CS n pag. reach maybe not.

nothing is cast in stone. what happened to hibiscus may not apply for reach. do no be so overly confident in saying that.

past results will not equal future results.

too many factors n market conditions come into play. however i also agree that share price above the cash back value WILL help alot...buts its NOT the only determining factor.

cheers

I think reach is better than sona simply becoz they have more cash to buy a bigger asset.

I believevthey are also monitoring the strategies sona is using now to counter any hostilities against the qa. Namely the foreign parties.this is good as they also have lots of local funds shareholders. I think they shld be wary of cs n pag n not being cornered by them.

Their field is bigger n has more potential longer term. They are buying an existing field of 850sq km but now only uses 45sq km of producing oil! Sounds good. Left 800sq km to explore.

I think thier management is way smarter n better than sona.

With bigger cash more to buy more to lose...better act fast n with excellent strategies. Hostiles are real..