Posted by hoot9e996 > 2023-03-01 09:46 | Report Abuse

gone lah, pn17 coming... typical malaysian stock

Posted by mystery > 2023-03-01 10:04 | Report Abuse

So lousy counter, ppl all run away

Posted by hoot9e996 > 2023-03-01 10:12 | Report Abuse

this 1 those didnt wake up this morning all die.
8:30 am QR out, trading open at 10am .... 1hr 30minutes those no time see all BURNT

Posted by TheContrarian > 2023-03-01 14:20 | Report Abuse

No PN17, new shareholder coming in converting shareholder's loans into new shares at issue price of 20 sen which will increase the NTA to around 15 sen.

Posted by newbie_2016 > 2023-03-01 14:41 | Report Abuse

@electrifyworld.... only steam...lotsa ppl got burnt... haiyaa

Posted by hoot9e996 > 2023-03-01 14:51 | Report Abuse

https://www.klsescreener.com/v2/news/view/1084457/reach-energy-shareholders-approve-rm206-51mil-debt-settlement oh no idea why i didnt see that

Posted by hoot9e996 > 2023-03-01 14:54 | Report Abuse

but who knows if the agreement will go through or not....

Posted by newbie_2016 > 2023-03-01 14:58 | Report Abuse

@TheContrarian... still optimistic? Any thoughts on today's Quarterly annoucement?

Posted by hoot9e996 > 2023-03-01 15:14 | Report Abuse

malaysia apa pun BOLEH

Posted by newbie_2016 > 2023-03-01 15:30 | Report Abuse

@hoot9e996 not owned by Malaysian anymore... now Honkie new major shareholder who bought-in at 20 sen...

Posted by TheContrarian > 2023-03-01 19:21 | Report Abuse

@newbie_2016, latest QR last round of huge impairment write off and huge interest payable on shareholder's loans before new controlling shareholder comes in. Subsequent QRs shouldn't be burdened by these anymore.

Posted by Orson Chin > 2023-03-01 21:51 | Report Abuse

Will goreng soon …. Bought 0.45 abit today

Posted by hoot9e996 > 2023-03-02 11:13 | Report Abuse

wow no volume at all this morning

Posted by newbie_2016 > 2023-03-02 14:34 | Report Abuse

@hoot9e996 Malaysia BOLEH you said it!! heheheh

Posted by hoot9e996 > 2023-03-02 18:29 | Report Abuse

blood bath first day, 2nd day no more bleeding.... very SUS hahaha

Posted by newbie_2016 > 2023-03-03 12:49 | Report Abuse

knee jerk reaction.. should have collected more at 4 sen haiyaaa

Posted by TheContrarian > 2023-03-03 15:44 | Report Abuse

I believe all the bad news is over. Let's wait for new controlling shareholder to come in this month.

Posted by newbie_2016 > 2023-03-03 23:21 | Report Abuse

fingers crossed @TheContrarian... must say i am amazed at your optimism!!!

Posted by TheContrarian > 2023-03-04 18:54 | Report Abuse

Forum here is quiet which is a very good sign.

Posted by newbie_2016 > 2023-03-06 13:02 | Report Abuse

punters got burnt you reckon @TheContrarian?? :)

Posted by TheContrarian > 2023-03-06 19:37 | Report Abuse

I think they got burnt earlier and hasn't returned. Eventually when price spikes up on huge volume they will return.

Posted by triplex3mob > 2023-03-07 15:31 | Report Abuse

quiet is good, we can collect more .....

Posted by 8ackwoods > 2023-03-07 16:03 | Report Abuse

Macam got potential to rise

Posted by newbie_2016 > 2023-03-07 16:38 | Report Abuse

@Backwoods welcome!! New to Reach?

Posted by arcadicus > 2023-03-07 20:38 | Report Abuse

https://www.klsescreener.com/v2/news/view/1121157

Posted by triplex3mob > 2023-03-13 13:12 | Report Abuse

waiting 0.04

Posted by 8ackwoods > 2023-03-13 14:47 | Report Abuse

Huge wall at 0.045 tho, maybe if market goes south again then is 0.04 chance

Posted by davidkkw79 > 2023-03-14 12:33 | Report Abuse

I have a feeling on it soon will falling into PN17... cause losses has even more than its market capital size.

Posted by newbie_2016 > 2023-03-14 15:47 | Report Abuse

@davidkkw79 I think the new shareholder coming in will adjust the balancesheet (liability converted to shares)... liquidity ratio improves (see announcement)..

Posted by newbie_2016 > 2023-03-14 15:48 | Report Abuse

@TheContrarian correct right my analysis??

Posted by TheContrarian > 2023-03-14 19:27 | Report Abuse

@newbie_2016, you are correct.

Posted by newbie_2016 > 2023-03-20 14:26 | Report Abuse

Thanks @TheContrarian!! Let's see next Q how they are doing...

Posted by triplex3mob > 2023-03-27 14:47 | Report Abuse

sleepy week incoming

Posted by 8ackwoods > 2023-03-28 15:15 | Report Abuse

Vroom vroom !

Posted by TheContrarian > 2023-03-28 22:33 | Report Abuse

New controlling shareholder, Reach now foreign owned.

Posted by izoklse > 2023-03-28 23:13 | Report Abuse

TheContrarian who is the new shareholder ?

Posted by jasontan1177 > 2023-03-30 09:04 | Report Abuse

chinaman style, pp share till 5 B, the whole comp will eventually belong to this HK guys.
look at Fitters , new boss came in , total share at 600 700m now is 2.48 B.
the same will happen to Reach

Posted by TheContrarian > 2023-03-30 09:24 | Report Abuse

It's not private placement, it's debt conversion.

Posted by jasontan1177 > 2023-03-30 09:39 | Report Abuse

mark my words la, the CEO already said comp will raise more fund. PP at 20 cents ??? or at 3 cents ?
from now on will keep pp to get money for working capital

Posted by jasontan1177 > 2023-03-30 09:45 | Report Abuse

this 638m deal is a joke.

https://www.theedgemarkets.com/article/reach-energy-buys-kazakhstan-oilfield-stake-rm638m

Posted by kk7198 > 2023-03-30 10:09 | Report Abuse

Report to MACC

Posted by TheContrarian > 2023-03-30 11:46 | Report Abuse

Vroommmmmmmmm

Posted by newtrix > 2023-03-30 16:31 | Report Abuse

Vroom Vroommmm

Posted by Nickhii90 > 2023-03-30 16:41 | Report Abuse

wao...

Posted by hoot9e996 > 2023-03-30 16:45 | Report Abuse

.... should have chased this morning.....

Posted by LOOK009 > 2023-03-30 16:46 | Report Abuse

Reach Energy: Completes debt settlement exercise, to see Super Racer emerge as major shareholder. Hong Kong-based Super Racer Ltd (SRL) is to emerge as the new major shareholder of Reach Energy with a 48.5% stake after the oil and gas (O&G) exploration and production (E&P) company completed its debt settlement exercise. This came after the listing of 1.03bn shares in Reach Energy slated for SRL at 20 sen apiece, as part of the company’s debt settlement exercise to settle RM206.51m or 76% of the debt it owes to SRL. (The Edge)

Posted by TheContrarian > 2023-03-30 16:48 | Report Abuse

Go, go, go Reach.

Posted by hoot9e996 > 2023-03-30 16:51 | Report Abuse

new shareholder debt settlement 1b shares at 20c long way to go man.
goreng up to 20c? or 10c+ then issue more shares?

Posted by mystery > 2023-03-30 16:53 | Report Abuse

Goreng up to 20c x 3 = 0.60 can?

Posted by Nickhii90 > 2023-03-30 16:53 | Report Abuse

change boss then shares up?