REACH ENERGY BHD

KLSE (MYR): REACH (5256)

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Last Price

0.025

Today's Change

+0.005 (25.00%)

Day's Change

0.025 - 0.025

Trading Volume

92,000


9 people like this.

19,253 comment(s). Last comment by Orson Chin 1 week ago

LEEKS7

161 posts

Posted by LEEKS7 > 2019-06-25 15:44 | Report Abuse

Have to query Y CEO keep dispose shares !!!!!!

Posted by Book Soon Tan > 2019-06-25 16:29 | Report Abuse

Bring one gun to shoot the Bastard down.

LEEKS7

161 posts

Posted by LEEKS7 > 2019-06-25 16:32 | Report Abuse

Lowest now 19.5

Posted by Book Soon Tan > 2019-06-25 16:32 | Report Abuse

Don't know what the whole gang include the MTD groups doing?

Posted by Book Soon Tan > 2019-06-25 16:33 | Report Abuse

May be declared bankruptcy tomorrow

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-06-25 16:34 | Report Abuse

high vol price drop = disposal

Gilastock

31 posts

Posted by Gilastock > 2019-06-25 17:27 | Report Abuse

Gg stock no hope anymore

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-06-25 19:36 | Report Abuse

might visit 0.15 if continue disposal

turbo8672

132 posts

Posted by turbo8672 > 2019-06-25 19:37 | Report Abuse

CEO disposal due to retirement I guess. But with current price is consider cheap right?

Posted by WeiZian Chin > 2019-06-25 20:37 | Report Abuse

hope can change CEO

sheep

3,850 posts

Posted by sheep > 2019-06-25 21:39 | Report Abuse

cheap can be cheaper...dont average down...going into pn17 will be cheapest... hope not...

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-06-26 00:23 | Report Abuse

can become PN17 if cannot serve debt (not able to refinance)

Posted by more_n_more > 2019-06-26 08:27 | Report Abuse

stay Holland forever, no chance back.....
Mr Holland CEO

LEEKS7

161 posts

Posted by LEEKS7 > 2019-06-26 09:53 | Report Abuse

Pls update AGM status, thank you

GoodTrade

933 posts

Posted by GoodTrade > 2019-06-26 10:17 | Report Abuse

Drop from 0.52 til 0.19 ... disastrous ...

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-06-26 10:20 | Report Abuse

whom is disposing? continue drop non stop

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-06-26 10:35 | Report Abuse

yday 22m drop, today at 10.30 almost 5m, might another 10-15m by end day and further drop

B4b4

7,593 posts

Posted by B4b4 > 2019-06-26 10:44 | Report Abuse

Looked good. Some run out, but many run in!

Posted by WeiZian Chin > 2019-06-26 10:48 | Report Abuse

ANY NEWS IN AGM UPDATE HERE?

Posted by more_n_more > 2019-06-26 10:54 | Report Abuse

no news is good news

osseng74

114 posts

Posted by osseng74 > 2019-06-26 10:55 | Report Abuse

Change CEO?

Posted by WeiZian Chin > 2019-06-26 11:02 | Report Abuse

no people ask why director always dispose share on low price? and who are the buyer?

osseng74

114 posts

Posted by osseng74 > 2019-06-26 11:10 | Report Abuse

Dispose even at low price is indication by force making way for new investor to come in manage the company for greater growth and turnaround. Should be good move

Jeffrey Ng

490 posts

Posted by Jeffrey Ng > 2019-06-26 11:12 | Report Abuse

Hi B4b4, welcome back... what do u think about reach now?? What is the best EP? still have hope in this counter?

osseng74

114 posts

Posted by osseng74 > 2019-06-26 11:19 | Report Abuse

Q2 is expected to show some profit with oil fields production positive. Q1 already improved quite good. Buy when it is low price.

Posted by WeiZian Chin > 2019-06-26 11:20 | Report Abuse

so the short term debt owing to MIE HOLDING how?

osseng74

114 posts

Posted by osseng74 > 2019-06-26 11:32 | Report Abuse

That 60% loan can be share swap settle. MIE can take over reach eventually. Not a big problem

B4b4

7,593 posts

Posted by B4b4 > 2019-06-26 11:34 | Report Abuse

The good news is Reach Boss sold 50% of his holdings to another big Boss in off market deals. Who is the other boss? Wait and see, just curious to know this big shot invest millions of RM here

TheContrarian

9,491 posts

Posted by TheContrarian > 2019-06-26 11:35 | Report Abuse

Bought at 19 sen.

B4b4

7,593 posts

Posted by B4b4 > 2019-06-26 11:35 | Report Abuse

Hi Jeffrey Ng, I am good. Still holding some Reach shares, and hoping for the new Wells to produce high quality Brent oil.

osseng74

114 posts

Posted by osseng74 > 2019-06-26 11:38 | Report Abuse

That oil field reserve in Kazakhstan is gold mine many investors are eyeing for it. No doubt about new investor coming in to take over with bigger cash capital. The more it goes down the more I wish to collect at Lower price.

Posted by ckkhor0722 > 2019-06-26 11:38 | Report Abuse

gt any news from agm ?

Posted by newbie_2016 > 2019-06-26 11:42 | Report Abuse

news please... thank you.!!

B4b4

7,593 posts

Posted by B4b4 > 2019-06-26 12:04 | Report Abuse

After AGM, now lunch time, relax bro.

Posted by WeiZian Chin > 2019-06-26 12:05 | Report Abuse

is that agm finish? when can get AGM PDF folder?

B4b4

7,593 posts

Posted by B4b4 > 2019-06-26 12:12 | Report Abuse

Another good news, API reported yesterday...... big Big drawdown in crude oil. Hence, oil prices shoot up

sheep

3,850 posts

Posted by sheep > 2019-06-26 12:17 | Report Abuse

haha, selling not done yet... all kiasu... in the end sure suuuuuuuuuuuuuuuuu
wakaka

Posted by WeiZian Chin > 2019-06-26 12:46 | Report Abuse

see next quarter Q2 result how first...haha

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-06-26 15:27 | Report Abuse

whatever goes down will come up

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-06-26 15:30 | Report Abuse

it depends on the oil price and kazakhstan well news

Posted by Book Soon Tan > 2019-06-26 15:36 | Report Abuse

Why no news from the AGM?

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-06-26 15:39 | Report Abuse

lets see if lowest 0.185 support can be broken, dont ave down until true reversal

Posted by WeiZian Chin > 2019-06-26 16:20 | Report Abuse

if today close 0.195 is good...waiting AGM PDF info

Gilastock

31 posts

Posted by Gilastock > 2019-06-26 16:26 | Report Abuse

Anything for agm?

Posted by newbie_2016 > 2019-06-26 17:28 | Report Abuse

ya lor.. anything from AGM folks? price going up??

ming

2,084 posts

Posted by ming > 2019-06-26 17:33 | Report Abuse

I got to remind again..
300mil debt due in 2019..

B4b4

7,593 posts

Posted by B4b4 > 2019-06-26 17:43 | Report Abuse

No worries Ming. The shareholder MIEH also has 40%holdings,

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-06-26 19:07 | Report Abuse

MIEH clever to sell to Reach to share the loss

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-06-26 19:08 | Report Abuse

now reach have to bear the burden.. more hurts when cannot produce >3k bpd prev qtr

Gilastock

31 posts

Posted by Gilastock > 2019-06-26 22:30 | Report Abuse

Anyone go agm today, any update?

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