Posted by melkeng888 > 2022-07-04 19:58 | Report Abuse

retailer always goyang very fast, after bought for awhile see so many selling keep coming out for sure follow sell.

Posted by mystery > 2022-07-05 10:40 | Report Abuse

wow, operators dump 0.05 so fast

Posted by citadel888 > 2022-07-05 10:45 | Report Abuse

haha someone 0.055 Kena trapped

Posted by billionman > 2022-07-05 10:49 | Report Abuse

yeaaahhhh throw at 0.05 plummeted

Posted by billionman > 2022-07-05 10:51 | Report Abuse

127384 lots at 1040..wowwww eatt eatt

Posted by mystery > 2022-07-05 10:53 | Report Abuse

if it is good deal and favorable to market, the share price will surge, and vice versa. It showing that the market does not perceive the deal is favorable to the market. Even sharks also scare...

Posted by Gn021 > 2022-07-05 11:06 | Report Abuse

Anyone know who buy the MTD Capital 114 million shares ?

It is not SRL buy 114 millions shares from MTD Capital right ?

SRL get the share to contra some debt and SRL get the share through placement ah, so who buy 114 millions shares from MTD Capital

Posted by mystery > 2022-07-05 11:09 | Report Abuse

No announcement of new shareholder made, meaning MTD Capital ticket is sell open market?

Posted by citadel888 > 2022-07-05 11:17 | Report Abuse

sold all tickets to waterfish

Posted by Gn021 > 2022-07-05 11:18 | Report Abuse

Anyone know who buy the MTD Capital 114 million shares ?

It is not SRL buy 114 millions shares from MTD Capital right ?

SRL get the share to contra some debt and SRL get the share through placement ah, so who buy 114 millions shares from MTD Capital

Posted by Gn021 > 2022-07-05 11:19 | Report Abuse

no, not sell through open market

u check back new ammended annoucement, sell through DBT

Posted by citadel888 > 2022-07-05 11:21 | Report Abuse

the day disposing DBT also the day reach pump up to 100percent, hard to say they didn't throw into open market

Posted by billionman > 2022-07-05 12:05 | Report Abuse

Posted by Gn021 > 44 minutes ago | Report Abuse

no, not sell through open market

u check back new ammended annoucement, sell through DBT

..................................................

do not be mix up...............

1032+ billion shares are new issuance share dealed through DBT already picked up by SRL as debt contra.......meaning SRL is now majority holder ..

MTD shares of 114 million was sold in open market and pick up by investors retailer bilis shark whales..in the open market

Posted by billionman > 2022-07-05 12:12 | Report Abuse

https://www.thestar.com.my/business/business-news/2022/06/30/reach-energy-to-undertakerm20651mil-debt-via-issuance-of-103-billion-new-shares

Posted by Gn021 > 2022-07-05 12:14 | Report Abuse

u go check the annoucement first

it is DBT , not sold in open market ............

u go check

Posted by billionman > 2022-07-05 12:14 | Report Abuse

30 JUN 2022
KUALA LUMPUR:

1.Reach Energy Bhd (REB) has proposed to issue 1.03 billion new ordinary shares at an issue price of 20 sen per share to undertake a debt settlement exercise involving RM206.51 million owed to Super Racer Limited (SRL).

2.At the same time, SRL and Cheung Siu Fai, acting in concert with SRL, intend to seek an exemption from the Securities Commission Malaysia from the obligation to undertake a mandatory take-over offer for the remaining REB shares and the outstanding warrants issued by REB expiring on Aug 15, 2022 on completion of the proposed debt settlement.

3. In a filing with Bursa Malaysia today, REB said on completion of the proposed debt settlement, SRL will enter into a shareholder loan facility agreement, or procure that Cheung enters into a shareholder loan facility agreement (either by himself or jointly with SRL), to make available a shareholder’s loan facility of up to RM22.01 million to REB.

4. The filing said RM19.51 million from the proceeds from the shareholder’s loan facility are to be used as working capital and RM2.5 million as estimated expenses relating to the proposal.

5. "The proposed debt settlement is expected to substantially reduce REB’s interest servicing obligation, and subsequently, to alleviate the financial burden of the group," the Bursa filing said, adding that the proposals are expected to be completed by the second half of 2022. - Bernama

Posted by billionman > 2022-07-05 12:16 | Report Abuse

OPR news likely to spiked to 2.25% by BNM to address inflation. today or tomorrow will come out..... just be mindful .this likely not very favourable to the market

Posted by billionman > 2022-07-05 12:18 | Report Abuse

Posted by Gn021 > 2 minutes ago | Report Abuse

u go check the annoucement first

it is DBT , not sold in open market ............

u go check.

.......................

u rite yesss via DBT already acquired by SRL..waiting for BSKL to officially updated latest REB shares in the market in addition to the new issuance shares.

Posted by billionman > 2022-07-05 12:21 | Report Abuse

morning trading slow as investors took the sideliners ahead of the central bank's monetary policy committee OPR announcements.

The decline was was also felt in the oil and gas sector as fears over an impending recession cast fears over demand risk.

Posted by billionman > 2022-07-05 13:07 | Report Abuse

1. SRL will be the biggest shareholder at 48.5% on completion of DBT

2.Present 1.1 billion shares in mkt plus additional new issuance of 1.03 billion shares ..making total new shares in mkt will be 2.13 billion shares.

Posted by billionman > 2022-07-05 13:10 | Report Abuse

what keeping holding the price as it is now ...likely
1. OPR spiked
2. dilution considerations with the issuance of 1.03 bil new shares

Posted by mystery > 2022-07-05 21:57 | Report Abuse

Finally knew why Reach been dumped at 0.05, is it because operator knew oil price going to crash? Lol

Posted by newbie_2016 > 2022-07-05 22:13 | Report Abuse

@Mystery at 5 sen its already a 'crashed' price!!! lol

Posted by billionman > 2022-07-06 07:47 | Report Abuse

temporary

Posted by billionman > 2022-07-06 07:54 | Report Abuse

oil prices fluctuate as long as pivot on USD 85 aboce should be ok ...prospects are good

Posted by newbie_2016 > 2022-07-06 11:46 | Report Abuse

Q2 2022 results must be good??? or else kepish

Posted by mystery > 2022-07-06 14:38 | Report Abuse

not good, 0.04-0.045 liao

Posted by mystery > 2022-07-06 15:00 | Report Abuse

Ady told, the market does not favor the announcements, some ppl think they are smart, but operators also not so dumb to sell their tickets to market if the news is really favorable, right?

Posted by billionman > 2022-07-06 17:09 | Report Abuse

JPMorgan said the outlook was uncertain,m but a more likely outcome was that Russia cuts its output by 3 million barrels per day, which could push oil prices to $190 a barrel. Production stood at just over 10 million barrels a day in May, according to Moscow financial newspaper Vedomosti.

https://markets.businessinsider.com/news/commodities/oil-prices-forecast-jpmorgan-russia-cap-plan-output-cuts-sanctions-2022-7

Posted by Leoleo > 2022-07-06 18:14 | Report Abuse

Russia will do what ever to push oil price . Russia going all out to war with ukraine.
Russia will do whateaver to bring down US economy .

Posted by mystery > 2022-07-06 18:50 | Report Abuse

Think too much, if oil price 190 whole world down, no matter those with or without oil field as inflation out of control

Posted by adikkici > 2022-07-06 20:09 | Report Abuse

Wait another week lor

Posted by adikkici > 2022-07-07 15:01 | Report Abuse

Potong kapraaa

Posted by mystery > 2022-07-07 15:05 | Report Abuse

0.035-0.04 lo

Posted by billionman > 2022-07-07 16:02 | Report Abuse

not to worry..its all side effect of ukraine wars and sanction ..........likely

Kazakhstan changes the name of the oil it exports through Russian seaports to Kazakhstan Export Blend Crude Oil (KEBCO) to distinguish it from oil originating in Russia and to avoid risks of sanctions and possible problems with financial operations, Reuters reported, quoted by BTA.

"Due to recent significant geopolitical changes and to avoid the negative effect of the changes on the export of Kazakh oil through Russian ports," the new name for the export variety of Kazakh oil has been applied since June 2022, writes the local oil producer SNPS- Aktobemunaigaz (CNPC), which transits its oil through Russian ports, in response to a question from the news agency.

Four independent sources from Kazakh oil companies involved in transit through Russian seaports have also confirmed the renaming of their varieties, adding that the change will take effect on Monday for all official documents.

According to one source, Kazakhstan's energy ministry will seek permission from the government to officially use the new class name.

The Ministry of Energy declined to comment on the matter.

Kazakhstan uses Russian seaports as a transit route for 20 percent of its oil exports, amounting to about 13.3 million tons in 2021.

However, oil originating in Kazakhstan is not technically subject to Western sanctions.

Posted by billionman > 2022-07-07 16:04 | Report Abuse

https://www.txtreport.com/news/2022-06-03-kazakhstan-renames-oil-exports-because-of-risk-of-sanctions-against-russia---asia.BJlIhjnDuq.html

Posted by billionman > 2022-07-07 16:09 | Report Abuse

Kazakhstan is huge.. equivalent to double the size of Saudi Arabia........roughly......... even 2.5 x (poland +Belarus+ Ukraine)

Posted by B4b4 > 2022-07-07 16:13 | Report Abuse

Buy

Posted by billionman > 2022-07-07 16:18 | Report Abuse

Kazakhstan continues to say that it is politically neutral, does not support war and supports peace talks,

Posted by billionman > 2022-07-07 16:19 | Report Abuse

knee jerk market response to this news likely.......

Posted by Bright888 > 2022-07-07 16:33 | Report Abuse

Aiyoyo....so cheap....buy and keep in the cupboard

Posted by billionman > 2022-07-07 16:33 | Report Abuse

Reach is going to excel. Potential upward is +..... Fair value from an analyst is RM1.89
NTA is .037 cents

Posted by mystery > 2022-07-07 16:43 | Report Abuse

wow, valuation somemore rm1.89 per share?? Sapu all 0.04-0.05

Posted by luckaje > 2022-07-07 17:04 | Report Abuse

wow

Posted by mystery > 2022-07-07 17:13 | Report Abuse

can u share us the rm1.89 valuation of analyst?

Posted by mystery > 2022-07-07 17:47 | Report Abuse

up to today 7 Jul, no announcement that new substantial shareholder emerge? Seem like there is no big player coming in, or the ticket was actually sell at open market?

Posted by Bright888 > 2022-07-08 05:53 | Report Abuse

Maybe today 8 July got big big announcement.

Posted by 651158 > 2022-07-08 09:00 | Report Abuse

Don't happy first still continue drop must waiting Ex wa finish first

Posted by mystery > 2022-07-08 09:14 | Report Abuse

ya, maybe 0.03-0.035

Posted by mystery > 2022-07-08 09:17 | Report Abuse

but in current situation, warrant exercise price 0.75? who will give 0.75 to convert, sot jor, ppl can buy mother shares at 0.04 directly, 0.75/0.04 = 18.75