Unless oil price collapse to USD 30 pb, then we all cry

It all started with heartache, head pain , then later it is up up up all the way. Trust me......

In a couple days more, Qtr results will be out.

Hi newrookie, I made money in Hibiscus and Tiger. Now going for Reach because of good discount of 50% but must keep long term, maybe 6 months at least.

Qtr results very easy to calculate. If 3800 bpd, selling at 50 pb, 60% owned by RED, forex 4.30, 90 days for each Qtr, cost is 25 pb, ..............

Zzzzzzzzzz

Reach Energy still got hope as long as Brent oil is above US 50 pb. Early March 2016, REB bought 60% of Emir-Oil when Brent was 37 pb. If production hit 5000 bpd, then REB will be making profit by end 2017. That could be the reason why pp is not necessary to raise RM 180 m. My 2 cents idea.

Off-shore and on-shore oilfields are different. While off-shore oilfields , Hibiscus have to allocate some money for decommisioning the rigs at sea when the oil wells dried up.

However, Reach still have hard cash of RM 88.9 m.

Anyway no worries sir. I have yet to see a company collapse just because of RM 180 m.

I bought some at 35s. Well, have to keep long term

Actually, I have been monitoring this stock for a long time ever since Jan 2017. The only problem is how to raise RM 180 m without pp . Very interesting company . The CEO had said that by year end, Reach will come out of the woods ie about 4 months away.

Now queue to buy at 35s

I bought some at 36.5s

Now mother is selling at 50% discount !

Buy the mother, sir.

Ppl are slowly accumulating while waiting for the next Qtr results.

MIEH is building the Central Processing Facility, so that 20,000 bpd is possible

By year end, Indra Mian Reach oil production will be 5000 bpd. By next year 2018, 10,000 bpd, By year 2019, 20,000 bpd. Reported by CEO.

In due time, Reach will rebound by year end.

The CEO is brilliant, rather than going for share dilution by having pp it is better to have bank borrowings to raise RM 180 m, after all the net assets oil reserves is 95m barrels worth RM 6b at 50 pb

Galatica Maritime AR 2016 : Revenue = RM 10.5 m , Net profit = RM 3.2 m , Inix at that time has 30% shares in this company. Now 49% of Galatica is bought over by Inix. Source from INIX AR Errata 2016

Iwcity will go up next level. Be extra patient.

Iwcity is moving up .

Inix just awarded a RM 11.8 m contract for Information Management Systems in the Jabatan Peguam Negara on 21 Aug 2017. A good start for Inix. An excellent stock, debt-free, well diversified business ie doing land reclamation by Galactica Marimtime company.

Monday , Iwcity go UP

US consumer confidence index reported yesterday was 97.6 which is a very good number. Dow will rebound even stronger after Trump put his house in order again. Nws , sir.

The true value of Reach Energy is the oil reserves of 95 m barrels. Cost of sale is 25 pb, 60% owned by Reach, selling price , say 50 pb, forex RM 4.30. Using simple calculations, Reach Energy has a reserve of RM 6.1 billion in the ground in terms of oil. That is why, no need to raise RM 180 m by pp. Reach just have to mine, produce, and sell oil, soon the RM 180 m will be settled.

A well diversified stock. JAG Land will contribute with future launching of property projects soon while the core business of recycling is doing very well . Very prudent management team with good foresight , Jag will move up to the next level .

Opportunity time to buy in a good stock. Debt-free, cash rich and excellent business model that make profit. Having gone through bad times in 2016, Ifcamsc has grown stronger and more resilient. Good for long term investors to see appreciation in the share price, furthermore good dividend payout lately.

Something is brewing here..... very interesting. If cannot drop, then can go up !

Buy , keep, long term. Tp 20s

I am keeping my Jag shares till the next 2 Qtr results.

Good stocks like Jag, will go up very fast. Tp 20s

Dow Futures is green today

Dow Futures is green today. Nws.

Like I have said , good stocks recovered very fast from the initial panic. Ifcamsc has a very strong management team, well run by the CEO. Thats why the recent Qtrs they made good profit despite many uncertainities. Buy and keep long term. Tp 50s easily

Hi sir, no worries . This stock has many good factors. 1. Cash rich 2. Good profit in the many recent Qtrs 3. Zero-debts !

Why cut loss when you can still hold. Tp 20s.

Good stocks recovered very fast from the initial selldown.

No worries guys, everything is back to normal . Very strong support at 14s.

Many stocks see red with high volume. JAG only done 300,000 shares

Tp easily 50s sir.

Hi thinkfirst, you are here too. My favourite stock is ifcamsc. Zero debts, cash rich, good business model and consistent QR

Good stocks will move up sooner or later. Be patient

Tp 20s, just wait and relax.

Jag will go up, guys. Relax. Lunch break.

Buy at 14.5s , very good offer.

Good stock. Can buy and keep . Core business is waste management. Very good business model. Tp 20s.

Dividend 0.001 simply means if you have 100,000 shares you get dividend of RM 100 . Companies that gives out dividend normally that good care of their shareholders.