Oil price is recovered, upstream oil producer is making profit. Hibi or Reach will continue perform well. This is the trend for short term.

Reach'oil selling price is based on Brent crude with fixed discount. Anyway, all the oil benchmark had increased. Reach up 10% within 1 week. No surprise weak holder sell, let's it take a break before shoot up to 500. Patient is needed.

Reach, 1 out of 2 listed upstream oil sector company at Bursa. For those who want avoid suffer from increase petrol & living cost. This company will be a good option.

High debt will not become an issue with direct increase revenue, as the crude oil price had increased. The most important is when the company turn into profit. It will be more easier to raise fund by issue new share to reduce debt, with some of the debt's interest is unreasonable high. Hence, reduce the financial cost.

The company hard time had passed. It will like the snowball effect and start rolling become bigger and bigger.

The fact is clear, the company fail to deliver the shipment due to bad weather at Q3. The oil is drilled as the Taxes other than income taxes is almost the same between Q2 (RM9.8M) &Q3 (RM9.3M). It will be sold at OCT with higher price.

Trust the management and able to keep for 3 months for next Q report, please buy. Bent crude oil is USD65, remember REACH under normal operation, will earn RM1.3M extra when crude oil up every USD1. The bad weather did create a chance for those who missed it to buy below 40sen. :)

Not sure. With Bent oil price USD62, QR 4 make profit is 99%.

Every USD1 increase in Bent crude oil, REACH will earn extra RM1.3M per quarter, assume 3500 barrels*90 days*4.25 conversion rate. Current production should more than 3500 barrels per day as management short team goal is increase to 5000 barrels per day.

REACH didn't perform well in pass 2 quarters, mainly due to high finance cost, RM14M(Q1) and RM18(Q2). Such abnormal high finance cost should not continue as transition period end.

REACH turn to profit is just matter of time. With crude oil price at USD60, back to 75c will not become a problem.

@supervalue Thanks for dig out the slide.
Based on slide page 8:
1) 2016 with average Brent price USD43.28. The company is earning USD5 per barrel. Suggest that, the cost per barrel is ~USD38.
2) Compare between 2015 and 2016, total Discount and Distribution Expenses is reduce from USD17.11 to 14.60. The company did spend effort to reduce the cost.

To date for 2017, average brent oil is ~USD52 and during the CEO interview(the edge 30 JUN), the cost per barrel is USD25 and might have potential to go down.

As long as the brent oil don't go down crazy. Believe the company will make profit soon. 45sen is good enter price.

Let's go the AGM tomorrow!

Broadcom quarter report out few hours ago:
https://seekingalpha.com/news/3271145-broadcom-plus-3-percent-fiscal-q2-profits-beat-best-street-estimate
Enterprise storage, $712M (up 36%)

Aemulus quarter report did explain the reason of increase revenue.
Page 13, Review:
The increase of the revenue is in line with the growing orders from the enterprise storage
Page 14, Prospects:
We started to ramp up the production for AMB4600 ATE to meet the orders from our customers in the enterprise storage segment.
We expect positive demand growth from these two market segments to continue in the subsequent quarters

Cuscapi quarter report summary:
1) Revenue drop to RM6M ~ Bad, expect same as last Q
2) Lose RM4M ~ Expected, as new contract Q3 only count
3) Management said on track to install 25000 tablet ~ Good, expected
4) Inventory increase to RM16M from RM4M ~ Good, guess the company used RM12M to buy
the tablets to install. Next Q will translate into Revenue
5) Cash flow increase to RM9M ~ Good, expected. Due to private placement, new investors inject
RM9.7M cash into the company with each share RM0.223 after 10% discount.

May 10, 2017
Energous Corporation Reports 2017 First Quarter Financial Results
Energous expects the first orders for significant quantities of its chipsets from one or more customers before the end of the second quarter; shipped and in production in the third quarter; and available for purchase from the company's customers toward the end of the third quarter/early fourth quarter.

http://content.equisolve.net/energous/news/2017-05-10_Energous_Corporation_Reports_2017_First_Quarter_585.pdf

https://www.streetinsider.com/Corporate+News/Energous+%28WATT%29+Announces+FCC+Approval+of+Advanced+Near+Field+WattUp+Solution/12848392.html

Quarter report will out at 23Feb

haha, all quiet quiet go buy in?

National Aerospace and Defence Industries Sdn Bhd (Nadi), which is a partner in the country' newest budget airline Malindo Airways, has NOT FILED its audited accounts since 2007, Pua told a press conference at the Parliament lobby this morning.

"Nadi failed to file its audited accounts since Dec 31, 2007, and yet the government last month granted its subsidiary a licence to operate an airline in Malaysia, launched by none other than Prime Minister Najib Abdul Razak himself.

"The chairperson of the company is Gen (Rtd) Mohd Hashim Mohd Ali, who is a brother in-law of (former premier) Dr Mahathir Mohamad," Pua said, basing this on a search of the company's financial report at CCM.

Pua said Clause 169(1) of the Companies Act 1965 requires company directors to present the profit and loss accounts at the annual general meeting, within an interval of not more than 15 months.

He added that any director who fails to comply with the regulation is liable to five years’ imprisonment or a fine of RM30,000.

Copy from Malaysiakini. Illegal company. lol