Posted by YLR33 > 2018-09-17 13:46 | Report Abuse

actually i dont want to talk hibi here, just somebody quoted hibi, so need let newcomer know the history

Posted by YLR33 > 2018-09-17 13:51 | Report Abuse

the PONDAN STOCKRAIDER talk cock
after loss a condo in HY, lengyap for few weeks
those who long in i3 know this well
just let all newbies know the true of hypocrat pondan stockraider

all my talking of reach is fact from QR , news and investment bank

last weeks MD said need usd50m, just less then1 weeks, he told FM need usd100m, this show the management quality

Posted by B4b4 > 2018-09-17 14:08 | Report Abuse

The USD 50 m is for MIEH (to be exact is USD 44 m), the other USD 44.8m is for near term CAPEX

Posted by Franklim1989 > 2018-09-17 16:26 | Report Abuse

Oil price currently going up

Posted by B4b4 > 2018-09-17 18:21 | Report Abuse

Brent oil is rangebound 70-80 pb, Reach Energy make money

Posted by B4b4 > 2018-09-17 18:36 | Report Abuse

However, Brent price is at the upper quartile ie 78.78 pb. With increasing oil production, Reach will make more profit, without selling away their assets

Posted by stockraider > 2018-09-17 19:32 | Report Abuse

THIS YLR TALK LIKE PONDAN LOH....!!

ALL THE NEGATIVE POINT....HIGHLIGHTED BY THIS PONDAN ALREADY WELL KNOWN BY THE MKT MAH..!!....THATS WHY REACH IS RM 0.36 AND NOT RM 0.76 LOH...!!

THE SIGN WIND OF CHANGE IS BLOWING STRONGLY....REACH MAKE 1ST MAIDEN QTRLY PROFIT....THAT IS AT LOWER CRUDE SELLING PRICE AND PRODUCTION VOLUME MAH....GOING THE PROFIT & THE PROSPECT IS VERY GOOD LOH...!!


Posted by Franklim1989 > Sep 17, 2018 04:26 PM | Report Abuse

Oil price currently going up


B4b4
4865 posts
Posted by B4b4 > Sep 17, 2018 06:21 PM | Report Abuse

Brent oil is rangebound 70-80 pb, Reach Energy make money


B4b4
4865 posts
Posted by B4b4 > Sep 17, 2018 06:36 PM | Report Abuse

However, Brent price is at the upper quartile ie 78.78 pb. With increasing oil production, Reach will make more profit, without selling away their assets


RAIDER COMMENT;
BELOW IS THE CONFIRMATION IS THE CONFIRMATION WHAT THE STUPID PONDAN YLR SAID LOH;

Posted by YLR33 > Sep 17, 2018 01:51 PM | Report Abuse

the PONDAN STOCKRAIDER talk cock
after loss a condo in HY, lengyap for few weeks
those who long in i3 know this well
just let all newbies know the true of hypocrat pondan stockraider

all my talking of reach is fact from QR , news and investment bank

last weeks MD said need usd50m, just less then1 weeks, he told FM need usd100m, this show the management quality

Posted by YLR33 > 2018-09-17 21:47 | Report Abuse

external fund is needed in Year 2018 rm410m, 2019 is 280m and 2020 is 570m, 2021-2020 is 780m all is fact

is positive for newbie, negative for blow-blow stockrider

my friend just correct me, stockrider blow Heng Yuan TP42.00previously hoho
he loss not condo but condos, sembuyi in cave for few weeks
whole i3 know this
newbies see the true stockrider

Posted by B4b4 > 2018-09-17 21:56 | Report Abuse

Hi YLR33, I wish to differ. Borrowings RM 177.877M with no fixed repayment period but has interest from 5% to 14% , RM 280.273 M at 5% interest due on 2019, RM 79.79 M at 4.86% interest due on 2036

Posted by B4b4 > 2018-09-17 22:01 | Report Abuse

The external funds are needed for CAPEX which is good for drilling new wells, meaning more oil production. Actually, these CAPEX is an advantage for Reach so that the new wells can be explore . That makes Reach Energy an EP stock

Posted by sheryn74 > 2018-09-17 22:03 | Report Abuse

@B4b4
Are you working for Reach? Where and how do you know all these details?

Posted by EngineeringProfit > 2018-09-17 22:12 | Report Abuse

B4b4 is REACH's guardian......hehe

Posted by B4b4 > 2018-09-17 23:15 | Report Abuse

Hehe

Posted by Franklim1989 > 2018-09-18 07:51 | Report Abuse

B4b4 very serious on stock market research..thank u so much for your sharing

Posted by Jeffrey Ng > 2018-09-18 09:14 | Report Abuse

think today REACH will drop below 3.3 again...

Posted by OrlandoOIL > 2018-09-18 09:33 | Report Abuse

Success breed success

Whn thr is good profit generation banks wil lend loans n funds wil come in to take up PP even RI is welcome

Posted by OrlandoOIL > 2018-09-18 09:36 | Report Abuse

Goin forward Reach has scope for investors to b positive

Posted by afifi > 2018-09-18 09:39 | Report Abuse

botom is 0.34-0.345
just keep and avarage..

Posted by Jeffrey Ng > 2018-09-18 09:39 | Report Abuse

alamak.. miss the Q for .345 just now...

Posted by OrlandoOIL > 2018-09-18 09:44 | Report Abuse

Capitalism is sick

Whn u need it no umbrella for u

Whn u don't lots of umbrella ella ella el el ella ella el el for u

Posted by OrlandoOIL > 2018-09-18 09:46 | Report Abuse

Rihanna wil say come under my umbrella ella ella ella el el el under my umbrella el el el ella ella

Posted by OrlandoOIL > 2018-09-18 09:47 | Report Abuse

Umbrella el el el ella ella el el el umbrella

Posted by Jeffrey Ng > 2018-09-18 11:19 | Report Abuse

last week just a profit taking la... is a healthy way... just wait to drop little more and get back in... this is a good stock & can keep for long term

Posted by Franklim1989 > 2018-09-18 11:53 | Report Abuse

Reach still wait for going up..yesterday start whole market effect by typhoon and trade war..today no show nvm..wait for next day

Posted by B4b4 > 2018-09-18 14:07 | Report Abuse

Relax lah bro, brent oil price is still good , 77.68 pb. Nikkei is up , Hang Seng also recovered.

Posted by Jeffrey Ng > 2018-09-18 14:15 | Report Abuse

ya... relax la... today i will keep going in when down.. down in, down in...

Posted by Jeffrey Ng > 2018-09-18 14:16 | Report Abuse

@B4b4, how do u look at velesto??

Posted by B4b4 > 2018-09-18 14:49 | Report Abuse

Velesto is more of Services OG whereas Reach and HIBI are EP

Posted by B4b4 > 2018-09-18 14:50 | Report Abuse

Reach just have to dig and offtake the high quality low sulfur brent oil and sell.

Posted by WealthSoWonderful > 2018-09-18 14:54 | Report Abuse

Current TP of 32 is outdated. It needs drastic review & revision, to take into account latest excellent qrtr financial performance.

Posted by Jeffrey Ng > 2018-09-18 15:09 | Report Abuse

actually REACH stock is not bad... lowest for today .345 but this just very short term... hanging around .35, .355, .36.. it won't have much different...

Posted by jordanmaggie61 > 2018-09-18 15:18 | Report Abuse

Good news incoming, oh yeah !

Posted by Jeffrey Ng > 2018-09-18 15:22 | Report Abuse

what good news?

Posted by B4b4 > 2018-09-18 15:31 | Report Abuse

Relax and enjoy

Posted by GoldenHarvest1 > 2018-09-18 15:43 | Report Abuse

Who buys Reach, will get RICH.

Posted by Franklim1989 > 2018-09-18 16:20 | Report Abuse

REACH also long time no any announcement ady,4 month ago...if next announcement good news sure hit 0.450...

Posted by WealthSoWonderful > 2018-09-18 16:41 | Report Abuse

You hv not been keeping up with the latest developments, FrankLim.

No need for any fantastic announcement, if it is all just empty hype & no meaningful substance. The bottom line is, the bottom line. Simple as that. So, just need to check out company's latest qrtr profit performance.

https://www.thestar.com.my/business/business-news/2018/08/28/reach-ene...

Now, let me repeat it. The bottom line is, the bottom line.

Posted by Franklim1989 > 2018-09-18 16:46 | Report Abuse

The America 25/9 start taking 10% tax from china export 2000billion...OMG..headache about Trump.. make trouble to the world

Posted by Jeffrey Ng > 2018-09-18 16:56 | Report Abuse

REACH Closing at .365.... not bad wert, right??

Posted by Jeffrey Ng > 2018-09-18 16:58 | Report Abuse

trumph always the trouble maker to the world..... china still being patient...

Posted by Franklim1989 > 2018-09-18 17:42 | Report Abuse

OIL PRICE suddenly shooting up..woW

Posted by GoldenHarvest1 > 2018-09-18 17:42 | Report Abuse

He knows that he has the power to cause volatility in markets on a global scale. And he is doing just that. The his fund managers in his business empire buy something when price down, then sell later when price up.

They know in advance what he is going to say or do, becos he shares the info with them. So, what he & his paid henchmen are doing are actually doing is a kind of global scale insider trading.

Posted by Franklim1989 > 2018-09-18 17:42 | Report Abuse

Don't know what effect

Posted by Franklim1989 > 2018-09-18 17:48 | Report Abuse

Now this Oil price using USD,if change to CNY GOT any effect???

Posted by B4b4 > 2018-09-18 17:55 | Report Abuse

Believe it, Brent up 79.19 pb!

Posted by EngineeringProfit > 2018-09-18 17:56 | Report Abuse

Strong...

Posted by YLR33 > 2018-09-18 20:15 | Report Abuse

B4B4, if you read through the HLG research date 14/9/18, clearly Reach need to pay this fast, otherwise by Nov the interest already 14%. How many percent of PLC have net margin more than 14%?

Or may be MIEH need it before 2019 because of their bond despite Reach owe another 280m due in 2019




Posted by B4b4 > Sep 17, 2018 09:56 PM | Report Abuse

Hi YLR33, I wish to differ. Borrowings RM 177.877M with no fixed repayment period but has interest from 5% to 14% , RM 280.273 M at 5% interest due on 2019, RM 79.79 M at 4.86% interest due on 2036

Posted by B4b4 > 2018-09-18 20:34 | Report Abuse

Thanks for the info YLR33, since oil price is going up together with the coming 12,000 bpd, the borrowings is very small indeed

Posted by YLR33 > 2018-09-18 20:34 | Report Abuse

CAPEX itself is neutral. CAPEX also bring along with high depreciation cost in subsequet years. it also depend of finance cost you able to secure for the CAPEX, and how much cash flow it created result from this CAPEX spending.

finance cost is no cheap for reach, unless private placements or right issue which will dilute EPS, and existing shareholders willing???

from 1H18 depreciation cost contribute 36% of Revenue. (Note is Revenue, not profit) and the Brent already average $65-$70 during this period and 2900bpd, ya, the production will increase and Brent may be good, but depreciation will be higher due to the capex around 200m,
then year 2020 you need another 570m, so high depreciate later and it just not end there , page 10 of Qtr Report

in short between 2018-2020 need external fund 1250m

HLG analysis taken into consideration of 12000bpd




Posted by B4b4 > Sep 17, 2018 10:01 PM | Report Abuse

The external funds are needed for CAPEX which is good for drilling new wells, meaning more oil production. Actually, these CAPEX is an advantage for Reach so that the new wells can be explore . That makes Reach Energy an EP stock

Posted by B4b4 > 2018-09-18 23:31 | Report Abuse

No worries guys, Reach will move on to the next level UP !