Reach Energy has ride out the worst. In 2016, after acquisition of 60% of Emir - Oil, and many Qtrs of low revenue and losses, Reach has a maiden profit with excellent revenue in the last Qtr results ending June 18. Now Reach can move on forward proudly with an increased oil production and higher Brent price of 75-85 and good forex of 4.15, there will be a much better coming Qtr results.
Many losses due to readjust and exploration , setting up oil rigs etc. Hibis IPO loss 3 years and rebound on the 4th year. Now it is happening to REACH as well. Stronger than Hibis due to oil reserve
Those who comment that say go below 0.40 or whatever, im pretty sure those are profit takers and not true investors . But let them earn la earn a bit only . We who entered early saw things earlier than them . We go for the long run
Investing requires effort and time. I read through the comments that you guys made and there are many silly statements LOL, talks without facts, and predicting the price movement without understanding what behind the hidden force that push up/down the price of each counters. Don't even understand what is healthy/unhealthy movement, fundamental support, etc, you guys are just speculating the price. This proved the theory of 7:2:1, 70% of people lose, 20% of people break even, and 10% of people win against the market.
This is a platform that share his/her investing knowledge to others, don't just make a statement that make people look stupid at you, no offence, i'm just speaking the truth. Share what is good to others, not making people confuse.
thats y i said there is no right or wrong when in investing stock.. everyone have preference choice... some is optimistic & pessimistic. theres no right or wrong.
good morning all... get ready for today will be drop another 5%.. be patient on today.. either sell or buy later when drop.. will wait for tomorrow market
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
pang72
51,510 posts
Posted by pang72 > 2018-10-06 10:06 |
Post removed.Why?