Seems like the whole market is condemning the spacs. We must be greedy when all are fearful.your choice. good luck cheers

Actually this is really a no brainer.

Those who belive believe in the long term potential of sona with revenue generating assets. U can vote yes.

Those who dun believe, prefers a yield back or detractors. U can vote no.

again its best to listen at the egm before deciding. I would definitely prefer a long term potential approach. Oil is slowly rising n stabilising. This is in the news. It may yoyo but which asset price doesnt? So choose wisely. I wouldnt want to wait until the oil price goes up to 50usd or more before buying into oil n gas companies.

btw u can buy back after the qa so its really your choice. Good luck

sona's breakeven is usd26 this was in the news way back. but this is reach's forum thread not sona's

just be aware of fear generating info. any major shareholders getting out must be announced in bursa. this is the law.

I noticed there are some ppl intentionally spreading false news. this is misleading, malicious & filled with many conflicts of interests...unless they can prove otherwise.

guys gals be careful and read the news properly announced in the newspapers. be logical and make your own judgement wisely.

cheers

Kareem perhaps u shld furnish us as to where u get those info.

I tot insider info is illegal?

nice info ck chan.

looks like a lot of big shots invested in reach

well the ipo was at 50sen. so it makes sense to push it up above 50sen.

as to why they are not doing it yet...cant really answer that. But hadian did say he's going to meet with the big fellas now.

So lets see how it goes. you cant also really expect the stock price to shoot up just like that. Remember our klse is not like dow jones or sgx....we are only a small pond compare to a big ocean like them.

so our liquidity is very shallow hence we need time.

I think this 12% tycoon maybe Chua MA yu n his gang. I remember I read somewhere before on this news. But he didn't own so much now. Maybe less than 5% last time

Unfortunately...so many are so short sighted nowadays..but it can't be helped.

Let's see how hadian convince the major guys

Seriously with them pinging n ponging...dunno whether to laugh or not. Lol

nice info jack2

they collectively own about 22 23%

yes pundit

there are a couple of major shareholders in reach. lembaga tabung haji, norges bank, kwap, epf etc

the MD owns 20% n is an ex shell exxon person. he has 35 years exp in oil n gas industry. is he capable of running the business? u tell me

the chairman used to work in bursa for 15 years. he also has stints in oil n gas. talk about the connections.

the other 2 more fellas. 1 is from sime darby n the other has 29years exp in international oil n gas companies. can they run reach business or not? again u tell me.

all these info from their 2014 annual report. this is transparent info.

hweechuan,

what you say is definately true. we also dunno why they stay in here.....its a mystery

It would be prudent to at least attend the egm n vote accordingly after listening to what the management have to offer. Then u can decide.

It's not right to simply said its bad or right without basis. It sounds like an emotional rash decision

if nobody wants a particular share then maybe all risks might have been driven all the way out of it.

perhaps its time to relook at it and buy. time to be greedy when others are fearful.

Correct. I agree. Let's see how the MD handle this

Unfortunately there are lots of ppl condemning, pointing out faults, giving negativity. This is natural. These are the Ppl who are easily influenced by everyday news n react accordingly. Are they trying to say."we told u so!!"? We dunno.

The thing is. U can give out discussion, ideas why, n have a proper deduction. We are not defending Sona. There are always reasons for it to fail. Oil crashes, hadian died lol etc.

Like for the latest news cs n pag will vote no if below refund price. Yes it's possible. But what are their funds mandate? Anybody go n chk?

Dun just argue for the sake of argue. Sounds like u have already given up on Sona. That is your prerogative of course...so then just sell n go. Look for other better company why waste time here?

I have checked on cs n pag they are mostly hedge funds..hmm

Let's see how it goes

We as investors must try to get as much info as possible to make the investing in OUR favor.

Seems, like not a lot is trying to do that. Some may even spread false news. Just Becareful n decide for yourself Amen

Aiyo..still arguing. If the deal is not approved u will get a refund too. Either way u will not lose.

Let's just see how it goes. This deal approve or not is already causing some much anxiety n stress among u...haha

N I wonder how much money u guys put in? U have got to learn to detach your emotions from money. If the risk of losses are too great for u. Just sell n go.

Those who can stomach stay. BTW find out first the mandates of credit suisse n Pacific funds. Even news can have conflicts. Dun blindly believe.

That money 400m has to be used to do expansion on the stag field. it is stated in SC's conditions for approval. Plus it has to be put into a trust account...not simply used by the management. SC is quite strict

nice writeup!!!

when the herd mentality is fearful.....its really time to be greedy.
fear will totally drive out a lot of risks in the stock...hence becomes low risk

oh yea

when the herd mentality is fearful.....its really time to be greedy.
fear will totally drive out a lot of risks in the stock...hence becomes low risk

oh yea

Guess who's in the top 30 shareholder...lembaga tabung haji n Epf...funny thing is markets dun care how many tong sampah got.

Can make revenue n profits can dy. N must be increasing profits.

I own reach warrants. Buy at your own risk

i have utmost confidence in reach energy. collecting more warrants

http://www.thestar.com.my/business/business-news/2015/10/20/cash-value-gives-life-to-spacs/

mother share will not expire after QA is approved. warrants will expire in 2022 if QA ok

wow mystock 118 news on reach energy.

....reach will expire this april 2016. this is so misleading. it will only expire on aug 2017

mistake? hmm...

all these spacs have a limited downside with cash back refund value below their intrinsic value 71.1sen(7% discount from now price of 66sen)....yet have so much upside.....like a call option. u only stand to lose what u invest in but the upside is so uncertain. This is good ma.

logically speaking, its really a no brainer. with so much negativity on spacs especially now the price is also really dirt cheap.

so what are u guys waiting for? wait until QA approve only buy? too late lo.

btw i own reach warrants. buy at your own risk.

Now this is a classic case of fear mongering....

Another note of interest. If credit suisse n Pacific just wants yield n vote against qa why are they abandoning cliq? They can just stay there n get their cash but they have to sell most of their cliq positions n buy Sona. Is Sona yield higher? Credit went from 5% to 7 n back down now to about 5. Why are they buying Sona until >10%?
.

Any ideas guys?

Let's see how the market reacts tmw. News from brokers already have conflicts of interest written all over their face already. Regardless those with Sona shares at least can get a refund..in August lol.

So this is your safety net.

I tot u mentioned the refund is with 5 days? What do u mean by August? Your information seems very confusing

I think it's also the mentality of the losers they just want to blame other ppl for their losses n not accept that the fault is on their own. 

According to another sifu here, risk is very subjective n high prices means high risk especially when u think its all about easy money to be made. N worse still u go into margin Finance without stop-loss or losses management. 

I have also lost almost 500k from the stock market since I start investing in 2006..but I move on. 

Mr Otb I think perhaps u shld have make it very clear on the risks of investing beforehand to any investor. It's always in their own hands. If u did then just disregard the non subscribers..they always think that they are smarter than anyone..including bill gates 

Cheers

Did the naysayers group also lost lots of money following mr. Otb n use margin? It's always buy at your own risk ma.

Wat happened in ipoh?

Are the naysayers group complaining becoz of paper losses from Jan 2016 to now?

U always annualized the gains or losses. U can't compare n complain now just because market drops suddenly.

Is this just to simply n purposely find fault with Otb?

I think the argument for this sona spac has come to an end. Its good that the liquidation process is fast and the return of monies is not a hassle. I am glad to hear that. thx kareem for the clarification.

as in all forums there are bound to have naysayers and optimists on any particular share. Should you not be confident in the share itself the fastest way is to dispose soonest possible. If you feel inclined to hold on to vote against the QA , its really in your perogative to do that. For others to vote on the QA, its really their choice too.

Its not certain that investing in any shares will be instant profit. there are also risks of losses in money. This is a fact. Its just a matter of whether you are more right than others ...or not.

Hence good luck to all and this push n pull conversation is now closed.

cheers

Thx for the clarification.
However suing will take time n this may be dragged into months. Even cliq dunno when will get back the money.

If u Dun have confidence in the company now might as well sell now.

I own Sona shares n warrants n am holding them tight. Buy at your own risk thx.

I believe the Qa will be approved. Maybe they want to accumulate more shares now I dunno. It's logical becoz of 1 simple human factor. Greed to earn more. Who DOES NOT want more money?

This is my conviction. Furthermore cs n Pacific are buying so much. Still in doubt pls sell dy.

If this simple things are giving u fear n sleepless night...then u are not cut out to be in the stock market. It's the real blunt truth.

So if I lose I lose lo. I can also accept my loss. Can u?

One word of notice. Now I could be wrong. But look at cliq. Their refund price maybe lower than what was stated due to liquidation costs. Read the news. Even they say they are not sure.

So my question to you guys out there. Are u really sure the refund price for sona is at 48.5?

Just for info n I own Sona shares. Thx

a lot of ppl buying warrants eh....

credit suisse keeps on buying at current price. this is good news indeed.

lets see how it goes this month of march. news are slowly coming out from the management dy

wow clig u really sapu a lot

Particularly liked Kareem's calculation of 80cents.

Smart money investors are bold, patient, looks for value, not afraid of short term fluctuations. They also do not expect instant ups or downs. Share prices do not work like that. Only the day traders or noobs expect this. If they don't start learning they will lose..simply. they also like to jump in when the popularity of the shares show up..they are then kiasu to lose out. This is so common. That's why the smart investors wins most of the time. But the others almost always lose.

We can wait we will watch. Even deals Dun happen overnight. If we win we win big. Lose we lose little. This is real investing.

But again I still do not think major shareholders wants just 4 to 6 cents profit. This thinking is totally laughable if not downright utter stupidity thinking.

I own Sona shares. Buy at your own risk thx

This definitely sounds like a major conflict of interest. Cheers

Price must be above 48.5 sen or many shareholders will just say no.

i think this is a very very misleading statement with bad intentions. I am a shareholder n i say
Yes pls buy the Qa so i can sell sona at a much higher price than a miserable 48cents.

many shareholders will say no. Are these the minor or major ones?
Major shareholders will definitely vote yes. This is logical as they want to make more money. Only stupid ppl would want less money. Only idiots would want 3 to 4 cents of profit.

Btw i believeeven tho the stupid ppl want to vote no.....the yes votes will be more due to a lot of major shareholders listed in their annual report. With so many buying now i believe its only a matter of time ...

i own sona shares and no i do not want 3 or 4 cents profit. Buy at your own risk thx

Unfortunately....there will always be jealous n chicken ppl condemning the successful ones...

Following Danny wong of areca I think oil n gas stocks can buy already. But again do your own research.

Trading on insider news is illegal.plus u may not know it's true or false. Dun do it

The best analysis seems to be fa n ta together...i like to buy on oversold territory using ta on a stock I like. But I am not a short term trader.

Noonbnnew is correct. Even though those who bought stocks recommended by Mr. Otb whether are his subscribers or not cannot hold him responsible for their losses.

The stock market..or any asset market eg. Bonds gold commodities even real estate..pls dun tell me if u were to buy a house from your broker or the previous owner u blame them when the price of the house dropped? Dun be stupid n naive.

In the investing world it's about dealing with many many investors traders funds machines or Wat not. It's a totally complex world out there. Only gambling mindsets hoping to strike it rich blames other when they lost.

Remember u are not buying a piece of sausage from the supermarket...its a only simple thing. For stocks or bonds u are buying a company a business that is exposed to forex, ppl, environment, terrorist, country risks, politics etc..so many risks!!

Only stupid gambling mindsets assume to hit the jackpot n win. Pls Dun invest n just buy mutual funds or lottery. U will need happier.

Invest at your own risk. Mind u I also lost a lot of money..i Dun go blaming ppl.

If u never chg then u will forever get stuck...be warned. The markets are merciless...

Good luck n cheers.

Waiting to laugh all the way to the bank