Still better than previous quater,previous quater made a lost of 2mil

Hopefully coming quarter result EPS is more than 1.5ct

The price won't go high if the pp price not fix

Pp price not fix yet

Only remiser system can see or the second day newspaper.Not in bursa announcement

Not mentioned buyer & sellers

Yesterday transaction via off market 22.9m@0.51

It drop when other stocks up.Now it should up when other stocks drop.haha

As far as I know pp price will be announced second day once they fix the price

MTD bought at 0.76 & then sold at 0.56.Should say thank you to MTD

I really don't understand,if they don't want to fix the pp price why the price should be pressed.They don't get any advantage since they have to sell their share at lower price and more people can buy at lower price.

Probably they will fix the pp price up to yesterday. May not get lower price anymore.

I think today they will anounce the pp price.

TheContrarian,you are smart.if pp price fixed at 0.50,then this price will be the lowest if after 10% discount.

TheContrarian.Hope you bring good luck to us.Hopefully they will anounce pp price today

Pp at low price is also good.This mean company has more money as they don't have to raise so much fund.

Yes.We don't even know what is their target pp price,just guessing only.Wait until they anounce first

If pp price is fixed at 0.50.Even purchase at 0.56,this price is still cheaper than MTD.During QA,In order to get the QA pass,MTD purchase from credit suit 118m & others @0.76.Say 150m @0.76 shares.Let say all the pp purchase by them.Then their average price is (150MX0.76+305MX0.50)455m=0.585.Maybe higher Cause not all pp allocate to them
This is one of the reason why I said after pp,the price will up.No point to press down the shares again,so retailer can get price cheaper than them.This is my opinion may not be right.

I think once pp price is fixed but not very sure

Warrant holders expected mother shares will up after the pp, so nobody want to sell.Currently major shareholders need to press down mother shares to get cheaper price.

Be patient. They used so much money to invest in this company.I don't think they want to let the price at this level.Next year production expected to be 10,000bbl per day.Current CEO(Ex MD) also mentioned during the egm,do not look at now,one or two year you will see the good result

Another reason is they want their pp at lowest price.Maybe the amount they require are just to fill in the gap being paid to dissenting shareholders.

Maybe if many people play contra,they will make the price drop in a short period.

My guess is the price will only up or maintain,after all they can make the discount to required price

Before QA approved,wa traded below 0.065,and if QA failed,it has another one year life.After QA approved,wa traded lowest at 0.08,and it life extend to 2022.
Both reach & reach wa I also buy,I put more fund in reach wa,as I expect wa will earn more % compare to mother.

Yes.I think you are right.Normally if issue to outsider,they will push it up.If issue to existing,they will push it down.

If pp price is at 10% discount,then reach still need to go up to 0.66 for five market days,then only can get 0.59.But I see a lot of pp less than 10% discount

Speakup.How did you know they buy mother & quickly cut lost?

I agree with Speakup.They need to press down reach as they want pp at lower price.I think pp is around 0.59.They can't press too low otherwise can't raise sufficient fund.if u have a lot of share@0.59,surely u want to push it up to earn more money.People will buy wa as they know mother will move after pp.

Conversion price only adjust after right issue,after pp still remain unchange

Reach wa 不飛不鳴，一飛沖天，一鳴驚人

Agreed.I think this operator is different from previous one.Previous one is contra player

After pp,the number of shares increased only 10%.Original number of shares(1277m)-cancellation shares(181m)+pp(305m)=1,401m.No much impact.They need this fund to fill up gap being paid to dissenting shareholders(Rm 138m) & the balance 180m-138m=42m used as working capital.Normally after inverstor acquire this pp,they will push the shares up.

I think they work out pp based on 10% of total share issued plus number of shares were cancelled

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5384801
Bursa approved pp up to 305m shares.In order to raise 180m,Then price need to fix at 180m/305m=0.59.So they have to push up the price atleast 0.66

During QA acquisition,20% of shareholders vote no.So the management need to cash back them 0.76 per share.So they need to replace 20% shares by pp

Brent oil USD 53.60

Good news.If operator support reach wa at 0.12,then the chances to push up is very high.Brent oil up 1% to USD 43.70 & Saudi Aramco going to list this year is also the catalyst.Look like reach wa is leading role,reach is supporting role.

Look at today reach wa trench,look more like distribution than accumulation. If operator really want to move up,they would support huge volume at 0.12.My guess is they bought little by little at 0.12 their own share for the purpose to let others to buy at 0.12.In that case,the price is only temporary rebound.But I still hope I am wrong.

Reach wa big volume 72mil,hopefully this time can go up.Last time go up to 0.135,then reversed back.This time need to push up above 0 14,then only can go futher up.

Nothing to worry about oil price.Before that,low oil price was due to Obama government want to kill Russia' s economy & Saudi want to strike shale oil producer.Now,Saudi also can't afford to have low o price

I bought at 50k@0.145,never rise,then I sold at 0.15.it rose to 0165 & go down to 0.155.ThenI bought at 120k@ 0.155,it stay there never rise.Then I sold at 0.155.Now they push up to 0.205,once they want to sell to others that time ,they said Phoenix arising.

Good news.Transaction for goreng.I think this time really move.This is the reason why they come out with good result.Able to bought wa at 0.13

Where is 7.3m q to sell at 0.64?

Compare to hibiscus,reach is much better,provided you recognized goodwill as profit
Share issued for hibiscus is 1.4bil & 4q profit is 11m
Share issued for reach is 1.1bil.& 4q profit is 129m
Profit more than 10 times better hibiscus plus share issued less hibiscus, now hibiscus price is 0.47,what do you think reach price would be?
As MTD & related party hold more than 90%,it is control price,up to them want to push up or not.
I still not accumulated enough reach share yet.If don't go up also doesn't matter.I invest reach for long term

Can refer to hibiscus result on 31/3/16.Revenue is 32m but the profit is 80m.I dare not buy that time as they put goodwill as profit.The second day the price move from 0.18 to above 0.20.

Hibiscus also put goodwill as profit.Now reach do the same.Anyone can explain on this?

Eps is 0.10 for six month.For one year is 0.20.Based on current price the PE is 3.1.If base on PE10,then worth Rm 2.Interesting.

Dnex profit for 4q is 1.77ct.Censof hold dnex 18%.Based on the calculation,Censof profit from dnex shd be 1735m/502mX1.77x18%=1.10ct.But now censof only earn 0.75ct.This mean censof on its own business still make a lost of 1.10-0.75=0.35ct.My opinion is buy dnex directly better than censof

Lean field nobody want to farm,when become fertile, everyone come to fight for it