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

Ron90

4,118 posts

Posted by Ron90 > 2019-07-03 01:07 | Report Abuse

this one..mostly going down only la

Posted by Book Soon Tan > 2019-07-03 02:55 | Report Abuse

REB will only go down and down since listed.
It will go down all the way until the end of the road. No chance of reversing with the Donkey CEO cheating all the way.

B4b4

7,593 posts

Posted by B4b4 > 2019-07-03 08:43 | Report Abuse

Good for long term investments.

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-07-03 10:16 | Report Abuse

look forward for CPF development by year end and licenses extension progress, when a stock has been depressed a lot, one good news can trigger the volume/price

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-07-03 10:17 | Report Abuse

if not dare take risk here, can buy ijm

siaoliao

917 posts

Posted by siaoliao > 2019-07-03 11:52 | Report Abuse

VISIT ANOTHER ROUND TO HOLLAND

Posted by more_n_more > 2019-07-03 12:27 | Report Abuse

let's rock rock in HOLLAND

Posted by Book Soon Tan > 2019-07-03 16:38 | Report Abuse

How many shares has the Donkey disposed this few days.

LEEKS7

161 posts

Posted by LEEKS7 > 2019-07-03 16:54 | Report Abuse

Don know what’s the story behind

Go4it

10 posts

Posted by Go4it > 2019-07-03 17:14 | Report Abuse

Run bro & sis.. This is my 3rd advised already.. Must run away.. XXXXX DONT EVER BUY REACH (5256)XXXXX..This counter is not for investors.. THIS IS A STUPID NO POTENTIAL, CHEATING COUNTER.. PLS! PLS?! PLS! DONT EVER BUY THIS STUPID COUNTER.. SURE U WILL REGRET!!!

Go4it

10 posts

Posted by Go4it > 2019-07-03 17:16 | Report Abuse

Dont see the price is so cheap, the cheaper is coming somemore!!!!!!!

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-07-03 18:33 | Report Abuse

18.5 touched, if this broken, then will another lowest, can bet but always set limit

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-07-03 18:35 | Report Abuse

but i really dont trust the ceo, all he projected has never happened

Posted by Book Soon Tan > 2019-07-03 19:11 | Report Abuse

He is disposing his share and runs. We all are stupid to hold on this future toilet paper behind.
May God burn him in hell.

moneypedia

5,987 posts

Posted by moneypedia > 2019-07-03 20:03 | Report Abuse

no sign of rebound at all....rase nak menyumpah pun ada ni...fuh sabaq naaa sabaq...motherfxxxxx...alamak sabaq naaaa sabaq....sabaq semua naaa..

Posted by gorengking69 > 2019-07-03 20:34 | Report Abuse

Cut and play at other counters. So many other potential OG counters. Perdana, hibiscus, dayang, carimin you name it

Gilastock

31 posts

Posted by Gilastock > 2019-07-03 20:35 | Report Abuse

Rubbish stock ever

Posted by ChongLikGuo > 2019-07-03 20:58 | Report Abuse

Anyone bought at 0.195?

pang72

51,492 posts

Posted by pang72 > 2019-07-03 21:07 | Report Abuse

Buy sumatec up 300%.......much better...

Brutus121

481 posts

Posted by Brutus121 > 2019-07-04 09:45 | Report Abuse

Humpty Dumpty had a Great Fall.....Khazakstan is no place to be for Humpty at the moment...Worker rioting and fighting at several oil production sites owned by Europeans and Turks. Khazaks workers beating up foreign workers over pay grievances..

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-07-04 12:15 | Report Abuse

still high volume / price drop

Posted by more_n_more > 2019-07-04 12:24 | Report Abuse

all rush to sell

all want quit from HOLLAND

all want escape

why all no ask change talk cock CEO ???

so funny so strange

0.150, 0.120, 0.100.....

Posted by ckkhor0722 > 2019-07-04 14:35 | Report Abuse

Reach Energy Bhd saw a 4.9% stake or 62.8 million shares change hands in two direct deals for RM13.5 million on June 12. The transacted price of 21.5 sen was just above the 20.5 sen apiece the shares fetched on the open market that day.

Reach Energy executive director and CEO Shahul Hamid Mohd Ismail is deemed interested in the shares sold by the company’s former largest shareholder, Reach Energy Holdings Sdn Bhd.

Reach Energy Holdings had halved its holding after selling 127.8 million shares for RM31.78 million (average 24.87 sen apiece) the past three months, with its stake down to 11.66% following the June 12 disposal from 23.31% (255.6 million shares) as at end-March. It had sold 40 million shares for RM11.28 million (average 28.2 sen apiece) on April 23 and 25 million shares for RM7 million (28 sen each) on April 11, stock exchange filings and stock market data show.

MTD Capital Bhd, which was Reach Energy’s second largest shareholder with a 13.61% stake as at end-March, is now the largest shareholder in the latter. Closing at 20.5 sen last Wednesday, Reach Energy’s share price was down 30.5% or nine sen year to date and had more than halved compared with its year high of 50 sen on Oct 4 last year. Hong Leong Investment Bank Research had a “hold” recommendation and a target price of 25 sen on Reach Energy, according to BloombeaaMUI PropertiesTD the time of writing.

jiunn

866 posts

Posted by jiunn > 2019-07-04 15:13 | Report Abuse

***PATIENCE IS A VIRTUE.....




Never make your most important decisions when in worst moods. Be patient....the storm will pass.

THE SPRING TO COME......HUAT HUAT AAAAAARRRRRR!!!

osseng74

114 posts

Posted by osseng74 > 2019-07-04 15:53 | Report Abuse

Is just restructure share holding in company. Oil fields needs lots of capital to take oil out. This company will not be finished. There might be JV coming to make production faster. Be patience is the answer

VFTRADER

788 posts

Posted by VFTRADER > 2019-07-05 11:40 | Report Abuse

CEO is still dumping his equity to someone.....wait wait before U -turn

Posted by WeiZian Chin > 2019-07-05 21:35 | Report Abuse

see 2019 AGM power point presentation look like not bad for future prospect ,need some time to wait it...buy on weakness

Posted by ckkhor0722 > 2019-07-06 10:32 | Report Abuse

thanks for info weizian chin. Im waiting their powerpoint since agm. Agree, just need some time and wait for it .

Posted by WeiZian Chin > 2019-07-06 13:17 | Report Abuse

@ckkhor0722 : yesterday i see at their website,already can download powerpoint , but dont know can trust management or not~ you see liao share your idea to us...haha

Posted by ckkhor0722 > 2019-07-06 16:46 | Report Abuse

Reach Energy has made substantial improvements to Emir-Oil since May 2017 including now having healthy cash-flow under its sole operatorship.
• The Emir-Oil asset has been stretched with intensive workovers of the existing well stock. An initial CAPEX for new wells is required to take Emir-Oil to the next level -- majority of CAPEX can be self-funded once production reaches higher levels.
• REB bottom-line is improving due to higher revenues and better netbacks in Emir-Oil.
• REB is confident of unlocking the high potential of Emir-Oil given the results of its efforts so far, work ongoing and the plans ahead.

Posted by ckkhor0722 > 2019-07-06 16:47 | Report Abuse

Exploration contract extension
• Pending approval from State Ecology Board
• On schedule to obtain extension by end of 2019
North Kariman and Yessen Production Contract
• Pending approval from State Ecology Board
• On schedule to obtain Production Contracts by early 2020
Development well drilling
• Currently finalising well locations for 2019
• Target to drill 3 wells by end of 2019
• 12 new development wells targeted by end of 2020
Water and Gas Injection for Reservoir Pressure Maintenance
• Started lab test analyses for water and gas feasibility study
• Targeted to initiate pilot test in Q1 2020
CPF Completion
• Final inspections by contractor prior to resuming construction work for completion
• Construction targeted to start in September 2019

Posted by ckkhor0722 > 2019-07-06 16:47 | Report Abuse

Actually i feel quite optimize with this company, so i will keep watching it.

Posted by ckkhor0722 > 2019-07-06 16:49 | Report Abuse

And price of share i think ad nearly bottom, so for long term investor, this share might give big return. Bt if u r short term player, i think not suitable for u.

Posted by WeiZian Chin > 2019-07-06 20:05 | Report Abuse

agree it

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-07-07 14:07 | Report Abuse

it needs to pump more oil to survive and need to spend more capex for CPF while paying debt due 2019

obviously, this cmpny require funding

Posted by newbie_2016 > 2019-07-08 15:29 | Report Abuse

haiyaaaa.. can trust the ceo sahul.. he said return to black for 2018... the only black is is hair... or was it white?

Shareholders didnt hantam him during the AGM ka?

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-07-09 09:41 | Report Abuse

.18 broken, still continue disposing

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-07-09 09:42 | Report Abuse

chart very bad

LEEKS7

161 posts

Posted by LEEKS7 > 2019-07-09 09:46 | Report Abuse

Everyday drop half - 1 cent, what’s happen ?

Gilastock

31 posts

Posted by Gilastock > 2019-07-09 10:10 | Report Abuse

It will same with London biscuit??fall into pn17??

sheep

3,850 posts

Posted by sheep > 2019-07-09 10:42 | Report Abuse

great tactical moves... slowly drop..so that those still holding wont dare to sell...hoping it will gap up next day to throw like mad.... ..like that boss can disposed of his shares easily and at better targeted prices
wakakaka
how low can you slowly go?

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-07-09 11:09 | Report Abuse

stock market in reality is a place to suck up fund from others, the one whom hurt much mostly are retailers

fund also losing but thats not their own money, for them just another bad investment decision

ivan9511

3,854 posts

Posted by ivan9511 > 2019-07-09 12:25 | Report Abuse

Ivan is strongly recommended buy at 17.5sen now.
Bottom is here
Target 50sen

Gilastock

31 posts

Posted by Gilastock > 2019-07-09 13:28 | Report Abuse

Don't simply say leh, ivan

ivan9511

3,854 posts

Posted by ivan9511 > 2019-07-09 14:36 | Report Abuse

Haha. I said i got buy mah.if I got buy must cheer up this counter.
Haha.
If I no buy I will said sell. Haha
Since already buy then how can I look down this hibicus partner hibicus more than 1 ringgit last time lower than reach
I said 50sen already super mercy to the boss to win this 50sen battle

Posted by Danny_00 > 2019-07-09 16:17 | Report Abuse

Yup. Hibiscs also drop from 2.20 til 0.10 b4

LEEKS7

161 posts

Posted by LEEKS7 > 2019-07-09 17:04 | Report Abuse

What’s reason keep dropping ? Biz looks improving, Beside the CEO dispose ..

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-07-09 21:17 | Report Abuse

cannot pay debt and might be in default soon, ceo disposal and might be insider dump through 3rd party nominees

today another huge vol with bottom at .17, another lowest and seems will continue on

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-07-09 21:23 | Report Abuse

when a stock been disposed bit by bit to another lowest consecutively, thats might lead to something bad

one example, mieco from 1.20 till .23 and now in default and might become pn17

Posted by ckkhor0722 > 2019-07-09 23:32 | Report Abuse

actually reach energy cnt afford to pay dept ah ?

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