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2014-10-03 10:52 | Report Abuse
Reach Energy is an SPV company to acquire Oil companies within 3 years time. I Just talked to the outsourced PIC Mr. Anthony Lee at 03-2166 9737 for investor relation, Mr. Anthony mentioned that if Reach Energy fail to acquire any oil company within 3 years, it will have to distribute back 0.75 sen per share later plus any interest from the trust account (fixed deposit)as per agreement with SC.
If they fail.
Thus it simply means:
target Price 0.75 / Current Price 0.65 = 15%
Interest from FD for 3 years =10.22%
TOTAL: 25.22% or 8.44% per year
At 0.5% to 0.9% cost of investment, this is much better than any low risk unit trust in the market.
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2014-09-24 10:54 | Report Abuse
latest BS Shows company has more debts than cash
Stock: [REACH]: REACH ENERGY BHD
2014-10-08 12:36 | Report Abuse
Looks like the Management is not efficient enough