I buy when the majority are selling, I watch when the majority are buying, I sell when the majority are getting excited!
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2023-04-09 10:45 | Report Abuse
In order for the Kazakhstan oil concessions to be sold, the HK guy need to take control of Reach because he personally only owns 40% of the concessions whereas Reach owns the remaining 60%, which is what he has finally done. As for the debt conversion price of 20 sen per Reach share the HK guy would have done his homework to calculate that after the disposal, the net cash value of enlarged share capital of Reach would at least come to 20 sen for him not to lose out.
2023-04-08 20:32 | Report Abuse
Confirmed it's on front page of The Edge Weekly out tomorrow. Get a copy for RM7 tomorrow morning.
2023-04-05 12:30 | Report Abuse
@KimSua, oil is there, the problem is they were not extracting it in great quantities.
2023-04-05 09:26 | Report Abuse
This HK controlling shareholder is actually interested in the 60% Kazakhstan subsidiary owned by Reach where he already holds the remaining 40%. Now he controls 100% of the Kazakhstan subsidiary.
2023-04-05 09:19 | Report Abuse
Reach actually triggered PN17 based on 31.12.22 QR which was released on 28.2.23 but didn't announce it until 3.4.23. On 29.3.23 debt conversion into 1 billion shares is already the first step to rectify the PN17 situation.
2023-04-03 17:27 | Report Abuse
Not likely of an higher offer because LTAT has accumulated beyond 74%. If you wait for the buyout, Affin and Boustead Plantation share prices would rally and go up by then.
2023-04-03 15:49 | Report Abuse
hey dumb8888, can consider selling Boustead and buying into Affin and/or Boustead Plantation.
2023-04-03 15:45 | Report Abuse
LTAT needs $$$ to privatize Boustead, selling down Affin to raise cash.
2023-03-30 18:42 | Report Abuse
hey dumb8888, you should have bought Reach Energy at 4.5 sen yesterday.
2023-03-30 17:31 | Report Abuse
Reach going to make some of us rich.
2023-03-30 17:05 | Report Abuse
Reach assets are the oil fields in Kazakhstan. The oil is there, just need to pump it out.
2023-03-30 09:24 | Report Abuse
It's not private placement, it's debt conversion.
2023-03-28 22:33 | Report Abuse
New controlling shareholder, Reach now foreign owned.
2023-03-09 05:10 | Report Abuse
@Johnzhang, right now it's a matter of opportunity cost. Sell now at 85.5 sen and redeploy proceeds to another counter which will eventually rise or hold out and hope LTAT will revise the offer price higher.
2023-03-08 18:08 | Report Abuse
LTAT shareholding in Boustead has exceeded 72%.
2023-03-08 15:38 | Report Abuse
@BobAxelrod, offer at 85.5 sen.
2023-03-08 14:02 | Report Abuse
LTAT is not taking over Boustead, it is already in control of Boustead. LTAT is taking it PRIVATE and delisting it like OSK did on PJ Development Bhd.
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.
2023-03-06 16:18 | Report Abuse
LTAT announced that they have purchased over 211 million Boustead shares from the open market on Friday raising their shareholding to 70%.
2023-03-06 09:56 | Report Abuse
Bplant has landbank ..... Affin has bank ....... sell Boustead and buy both.
2023-03-04 23:32 | Report Abuse
Ambank buys Affin, windfall for Affin minorities. Go, go, go buy Affin.
2023-03-04 18:54 | Report Abuse
Forum here is quiet which is a very good sign.
2023-03-04 14:12 | Report Abuse
Sell Boustead and buy into Affin.
2023-03-03 16:11 | Report Abuse
LTAT and/or friendly parties would have mopped up over 200 million shares so far representing 10% of the total shares.
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.
2023-03-03 15:43 | Report Abuse
@speakup, those who bought above 85.5 sen are merely throwing away their money.
2023-03-03 15:23 | Report Abuse
3 pm foreign funds come in to sell, this is common sense due to different time zone.
2023-03-02 16:47 | Report Abuse
LTAT does not intend to maintain the listing of Boustead. It is a privatisation attempt.
2023-03-02 14:48 | Report Abuse
Privatisation to be announced.
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.
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.
2023-03-01 09:37 | Report Abuse
Last round of huge impairment and interest payable before new shareholder comes in later this month.
2023-02-28 17:30 | Report Abuse
QR out, impressive results.
2023-02-28 10:29 | Report Abuse
@aklobi, KPS is Selangor state government investment holding company. Reasonably high dividend yield at current undervalued price.
Stock: [REACH]: REACH ENERGY BHD
2023-04-09 11:27 | Report Abuse
When I first started my accumulation of Reach several months ago at between 3.5 and 4.5 sen I did some estimation that the concessions were worth 30 sen per share but after the debt conversion and the resulting enlarged share capital I would adjust it to 25 sen.