Posted by ming > 2018-09-14 12:48 | Report Abuse

Revenue whole year tak sampai 280 mil pun.. how u think company gonna repay?

Posted by B4b4 > 2018-09-14 12:52 | Report Abuse

Hi ming, Reach is only 2 years old, give the company 8 more months

Posted by ming > 2018-09-14 12:55 | Report Abuse

wat i concern is the debt of 280mil which gonna due in 2019..
how can the management source the fund?

Posted by ming > 2018-09-14 12:59 | Report Abuse

Pray hard the company dont learn the sapnrg for Right Issue lo.. but after the right issue Reach can become more attractive lo

Posted by B4b4 > 2018-09-14 13:30 | Report Abuse

No worries ming, RM 280 M is very small compared to Sapura RM 16 B debts. However, Reach oil production as of last Qtr is 2900 bpd, the profit is RM 11 M, the next Qtr from July till Sept, the production is 3900 bpd, Reach will make more profit to settle those debts

Posted by B4b4 > 2018-09-14 13:33 | Report Abuse

As of now the Brent oil price is rangebound USD 70-80 PB, I think no need RI to settle those small borrowings. The sale of oil is more than enough to cover those borrowings

Posted by B4b4 > 2018-09-14 15:21 | Report Abuse

40s...hari ini ....boleh atau tak boleh......

Posted by Jeffrey Ng > 2018-09-14 15:36 | Report Abuse

dun think so la... stand strong 37 still okay... if 40s already then what?

Posted by Franklim1989 > 2018-09-14 15:51 | Report Abuse

B4b4 go to eat all share will going up...lol

Posted by B4b4 > 2018-09-14 15:55 | Report Abuse

If 40s..... Then next target 45s....

Posted by Jeffrey Ng > 2018-09-14 16:10 | Report Abuse

disaster coming soon... friday towards the end... all turn red... hahha

Posted by Jeffrey Ng > 2018-09-14 16:17 | Report Abuse

haha... who wanna sell.. sell to me... i take n keep

Posted by B4b4 > 2018-09-14 16:40 | Report Abuse

Relax lah bro, no worries. Profit taking is normal and healthy.

Posted by Turnaround > 2018-09-14 16:50 | Report Abuse

Only Reach 80c then can sell

Posted by Sniper86 > 2018-09-14 22:34 | Report Abuse

Next Tuesday GG.com! Reach is going down!

Posted by ran777rpt > 2018-09-14 23:19 | Report Abuse

Reach will gradually Ascend.

Posted by robert168 > 2018-09-15 09:31 | Report Abuse

hahaha.. can't taste the sweet then start nagging like small kids

Posted by Franklim1989 > 2018-09-15 10:37 | Report Abuse

Next target 0.450..after that announcement come will up to 0.750..let's US see

Posted by newbie_2016 > 2018-09-15 11:19 | Report Abuse

yes.. up up...

Posted by B4b4 > 2018-09-15 15:29 | Report Abuse

Next week, Reach will go up again

Posted by robert168 > 2018-09-15 16:58 | Report Abuse

don't forget oil reserve for reach is much more compare with hibiscus.. that's the most interesting for me.. don't think they can't secure any investors

Posted by GoldenHarvest1 > 2018-09-15 17:33 | Report Abuse

Good for collection

Posted by EngineeringProfit > 2018-09-15 17:34 | Report Abuse

1.00

Posted by B4b4 > 2018-09-16 07:55 | Report Abuse

Reach is now in control of Emir-Oil since May 2017. Emir-Oil has a land area much bigger than Singapore. So far the oil, LPG and Gas fields are Kariman, Dolinnoe, Aksaz, Yessen and Emir. There are the production contracts. There are still many other prospective fields like Begesh, East Saura, North Aidai, Aidai, Borly and Tanirbergen

Posted by freddiehero > 2018-09-16 09:04 | Report Abuse

wah fly without win kajaka..

Posted by B4b4 > 2018-09-16 09:32 | Report Abuse

We wait for the day when Reach oil production is 12000 bpd, of which 60% is Reach and 40% is MIEH. That means Reach has 7200 bpd, just have to wait patiently and hope for the best.

Posted by Franklim1989 > 2018-09-16 17:58 | Report Abuse

Tomorrow bursa got trade?

Posted by B4b4 > 2018-09-16 18:07 | Report Abuse

No sir

Posted by Franklim1989 > 2018-09-16 19:39 | Report Abuse

Holiday?

Posted by B4b4 > 2018-09-16 20:00 | Report Abuse

Carry forward holiday for Malaysia day

Posted by freddiehero > 2018-09-16 20:11 | Report Abuse

sarawak day only la

Posted by GoldenHarvest1 > 2018-09-16 20:40 | Report Abuse

Sarawak is also a part of Malaysia. It is Malaysia day, because on this day Malaysia was formally formed.

Posted by YLR33 > 2018-09-17 09:35 | Report Abuse

evaluation of Reach earning:

detail out below are all taken from recent QR, news on STAR and HLIB headlines:
Oil production qty (bpd) HL forecast earning
1H18 2900, 2H18 3900 FY18 loss rm38m
1H19 5000, 2H19 12000 FY19 profit rm18m
1H20 12000, 2H20 12000 FY20 profit rm40m

extra fund needed
FY18 rm410m or $100m ($44m for capex FY18&19 plus
$44m borrowing from MIEH
line 1 of pg 9A item A7 i detail borrowing)
bal 16m could be for non-discretionary capex
& deferred interest payment

FY19 rm280m line 2 of pg 9A item A7 i detail borrowing
due in 2019
FY2020 rm570m page 10 QR min. commitment 570m
total = rm1,260m

so with 12000bpd, and currently high Brent, the forecast profit rm40m just to tiny for borrowing repayment and commitment, cash flow from operation just cannot cover the borrowing and commitment...

from 2021 to 2022 Reach need 263m per annum

appreciation of USD is bad of Reach due to high borroing and commitments

with 89m reserve and 13years to go, how much max daily bpd can extract, please calculate yourself

Posted by YLR33 > 2018-09-17 09:40 | Report Abuse

i bought HIbi less than 20sen when hibi drop more than 90% from peak,

and hibi raised from less than 20sen to 100sen now is after 4 round of successful private placements, if my memory serve me well

have lock in profit all the way up and still keep a portion of that

Posted by YLR33 > 2018-09-17 09:45 | Report Abuse

so for newcomer, use common sense, do not hear to those blows from those already stuck

use common sense

Posted by stockraider > 2018-09-17 10:13 | Report Abuse

What type of rubbish this YLR is talking loh ....!!

Reach already make monies in the latest June 2018 qtr & going fwd will be making even more loh.....!!

This is despite accounting for interest cost about 10% pa to be paid to the joint venture partner for their cash advances loh....!!

The loss making period already past & going fwd with increasing extraction of crude oil will be making much monies loh...!!

the positive point of reach in summary are;

1. Strong crude oil price boosting selling price & margin
2. Increasing extraction of crude boosting total revenue
3. Increasing discovering & confirming increasing reducing cost of sales, that means big increase in profitability loh....!!

Don forget the controlling shareholder paid rm 0.76 for reach qa mah...!!

Opportunity to make monies loh....!!

Posted by B4b4 > 2018-09-17 10:19 | Report Abuse

The last Qtr results is 2900 bpd, Brent price is 65 pb, forex is 3.89, this is enough to get a small profit

Posted by B4b4 > 2018-09-17 10:25 | Report Abuse

In the last Qtr, that is for the month of April to June, the Brent price was 65-78, and forex was about 3.89. Now the coming Qtr, oil production will increased by another 1000 bpd, Brent is 70-80 and forex 4.14, so the revenue and profit will go up

Posted by YLR33 > 2018-09-17 11:20 | Report Abuse

stockrider, blow,blow,blowlah like hengyuan
LOL

stuck at 76sen LOL

please check rubbish stockrider record in hengyuan LOL

ask Shanul PP you 2 roundlah

LOL

Posted by stockraider > 2018-09-17 11:24 | Report Abuse

U NEED TO SPOT OPPORTUNITY MAH....!!

DON BE A PONDAN LOH....!!

What type of rubbish this YLR is talking loh ....!!

Reach already make monies in the latest June 2018 qtr & going fwd will be making even more loh.....!!

This is despite accounting for interest cost about 10% pa to be paid to the joint venture partner for their cash advances loh....!!

The loss making period already past & going fwd with increasing extraction of crude oil will be making much monies loh...!!

the positive point of reach in summary are;

1. Strong crude oil price boosting selling price & margin
2. Increasing extraction of crude boosting total revenue
3. Increasing discovering & confirming increasing reducing cost of sales, that means big increase in profitability loh....!!

Don forget the controlling shareholder paid rm 0.76 for reach qa mah...!!

Opportunity to make monies loh....!!

Posted by YLR33 > Sep 17, 2018 11:20 AM | Report Abuse

stockrider, blow,blow,blowlah like hengyuan
LOL

stuck at 76sen LOL

please check rubbish stockrider record in hengyuan LOL

ask Shanul PP you 2 roundlah

LOL

Posted by YLR33 > 2018-09-17 11:26 | Report Abuse

2Q18 profit? pandai-pandai engineering the profit..
bring the revenue 1Q partly to 2Q, defer interest payment to later date.. hahaha...

Posted by B4b4 > 2018-09-17 11:34 | Report Abuse

Hengyuan and Reach, both are of different business. Reach just have to dig and sell oil. Hengyuan is not EP at all.

Posted by B4b4 > 2018-09-17 11:37 | Report Abuse

The revenue in 1Q is about RM 7m which was delayed due to poor shipment, hence the 2 Q revenue which is RM 67 m, after deducting the delayed shipment is actually RM 60 m, which is still OK. Let us wait for the next Qtr, which I expect it to be about RM 80 m in revenue

Posted by stockraider > 2018-09-17 11:42 | Report Abuse

YES GO FOR IT....IN FACT I M EVEN MORE OPTIMISTIC...I M EXPECTING RM 90M TO RM 100M REVENUE COMING LOH....!!


Posted by B4b4 > Sep 17, 2018 11:37 AM | Report Abuse

The revenue in 1Q is about RM 7m which was delayed due to poor shipment, hence the 2 Q revenue which is RM 67 m, after deducting the delayed shipment is actually RM 60 m, which is still OK. Let us wait for the next Qtr, which I expect it to be about RM 80 m in revenue

Posted by YLR33 > 2018-09-17 12:11 | Report Abuse

less than one year ago, PONDAN STOCKRAIDER blow hengyuan TP RM30, bring many to Holland

can check his sharing record last Dec17

B4b4, i m not compare reach to HY, just to show the raider blowness

the earning forecast FY18 loss 38m, FY19 18m, FY20 40m is by Hong Leong Investment taken into 12000bpd

borrowing 600m and commitment 570m within 3years is huge, profit hardly cover the interest and prinsipal divided into 13years

Posted by YLR33 > 2018-09-17 12:13 | Report Abuse

and the commitment is not end there , between 2021-2023 need 263m per annum

Posted by stockraider > 2018-09-17 12:23 | Report Abuse

THIS YLR TALK LIKE A PONDAN...ATTACK RAIDER ON HENGYUAN UNRELATED LOH....!!

YES HENGYUAN DID NOT HIT RM 30.00....DID RAIDER LOSE MONIES LEH ??
NO LOH....JUST DON MAKE SO MUCH MAH....!!

ASK YOURSELF...IS REACH RM 0.76 TO RM 30.00 LEH ??
NO LOH....IT IS ONLY RM 0.36 ALOT OF OPPORTUNITY MAH....!!

IF U INVEST REACH LONGER TERM SHOULD MAKE MONIES LOH....!!

NEVER...ACT LIKE A PONDAN LIKE YLR LOH....!!

Posted by monreyes > 2018-09-17 13:04 | Report Abuse

if u think hibis is better go chat over there lorh..y bother reach will go up or not

Posted by GoldenHarvest1 > 2018-09-17 13:16 | Report Abuse

Reach is much better

Posted by B4b4 > 2018-09-17 13:32 | Report Abuse

Hibi is still good but it is too pricey already. Reach is still very cheap and have lots of room to move upwards