Patek_Philippe

Patek_Philippe | Joined since 2014-09-23

Investing Experience Advanced
Risk Profile High

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Stock

2014-10-08 12:36 | Report Abuse

Looks like the Management is not efficient enough

Stock

2014-10-08 12:33 | Report Abuse

Waiting for Budget 2015

Stock

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.

Stock

2014-09-24 10:54 | Report Abuse

latest BS Shows company has more debts than cash