less than one year ago, PONDAN STOCKRAIDER blow hengyuan TP RM30, bring many to Holland

can check his sharing record last Dec17

B4b4, i m not compare reach to HY, just to show the raider blowness

the earning forecast FY18 loss 38m, FY19 18m, FY20 40m is by Hong Leong Investment taken into 12000bpd

borrowing 600m and commitment 570m within 3years is huge, profit hardly cover the interest and prinsipal divided into 13years

2Q18 profit? pandai-pandai engineering the profit..
bring the revenue 1Q partly to 2Q, defer interest payment to later date.. hahaha...

stockrider, blow,blow,blowlah like hengyuan
LOL

stuck at 76sen LOL

please check rubbish stockrider record in hengyuan LOL

ask Shanul PP you 2 roundlah

LOL

so for newcomer, use common sense, do not hear to those blows from those already stuck

use common sense

i bought HIbi less than 20sen when hibi drop more than 90% from peak,

and hibi raised from less than 20sen to 100sen now is after 4 round of successful private placements, if my memory serve me well

have lock in profit all the way up and still keep a portion of that

evaluation of Reach earning:

detail out below are all taken from recent QR, news on STAR and HLIB headlines:
Oil production qty (bpd) HL forecast earning
1H18 2900, 2H18 3900 FY18 loss rm38m
1H19 5000, 2H19 12000 FY19 profit rm18m
1H20 12000, 2H20 12000 FY20 profit rm40m

extra fund needed
FY18 rm410m or $100m ($44m for capex FY18&19 plus
$44m borrowing from MIEH
line 1 of pg 9A item A7 i detail borrowing)
bal 16m could be for non-discretionary capex
& deferred interest payment

FY19 rm280m line 2 of pg 9A item A7 i detail borrowing
due in 2019
FY2020 rm570m page 10 QR min. commitment 570m
total = rm1,260m

so with 12000bpd, and currently high Brent, the forecast profit rm40m just to tiny for borrowing repayment and commitment, cash flow from operation just cannot cover the borrowing and commitment...

from 2021 to 2022 Reach need 263m per annum

appreciation of USD is bad of Reach due to high borroing and commitments

with 89m reserve and 13years to go, how much max daily bpd can extract, please calculate yourself

anyway my sharing is for newbie
for old folk, good luck
joint Azmil resign from MTD

the $50m capex just enuf 1 year,IF successful raise
on top of that,
next year need 280m to pay MIEH (MIEH need serve bond, other wise default) year 2020 need 570m capex, wow

the CPF keep delay from 1Q19 to 3Q19, and no news of resuming yet just hope wawasan 2020, LOL,
after CPF 12000bpd, Reach portion also just only 7200bpd

and some more
blow blow kuat kuat engineering profit 2Q
since there is deferment from from 1Q, to be accurate take 1H2018
as a whole
total operating expenses rm112m (exclude capex and financial cost & payment to MIEH)
total production =2900bpdx180days (assume 99%up time, never mind linient a bit)
you get 112m/522k b=rm215 ($1=rm3.9)
=$55bpd wow cost so high cost!!! $55bpd
stated in QR, you all dont believe, believe the blow

this explain 70% make lost in stock market, 20% breakeven

Posted by param54 > Sep 10, 2018 12:22 PM | Report Abuse

when move above 36.5 ppl will chase the counter

somebody said sumatec worth at least 56sen, but the ts halim sold for less than 6sen, currently price 3sen,
so take all comments with pink of salts

before the CP plant, transort cost is $10, if the CP ready will reduce $10 to $6, is good but to the extend blow like someone

if not brent above $70, i think reach already kabut, LOL

look at sumatec!!!

usu business sense, otherwise you think MIEH want to lend money to purchaser to buy their assets

the break even level of Reach kazak asset is $47.43 per barrel due to high extraction tax,transport, interest, depreciation and armortisation

PP mis not in plan? Sure because nobody will take up.
Anyway, i suggest Reach PP to B4B4 and engineering profit, but, may be they wont take up also, LOL

the right issue is the only way and it will be very soon

Reach owe a lot to corporate shareholder MIER, more than 600m (180m is shaort term,rather misleading by someone)MIER have big junk of Bond need to serve interest, please check Bank of America last year analysis

the $50m capex (rm180) may have already contract for but no yet allow for, so it need fast

on top of that 570m needed within 2 years, please read A12 commitment on page 10 of QR

the centre processing unit not yet resume as of the date 2Q
dont put much hope it will ready by 3Q19 if this 180m plus part of the 570m not successful raise

so,the right issue is the only way and it will be very SOON

Check QR balance sheet / financial position and note item A9

No, reach owe more than 600m as explain above earlier

the boss engineering 2Q profit, push up share price..
then can right issue like SapuraN..

1Q defer sale to 2Q and the absent of finance cost result 2Q profit,
annually finance cost not less than 75m, expect 3Q huge finance cost,
take into 3900bpd for 2H and future 12000bpd if realised, HL tp 28sen is fair and logic

come buy hibi let huat together

dreaming.. with 2900bpd
next two years need 705m commitment refer page 10 item A12..
haha unless cash call..

huat ah hibiscus, huat! huat!huat!

earlier somebody said reach same with hibis, LoL...
Reach and hibiscus not same, hibi debt free, reach owe tonnes of money to it corporater debtor !!! 280million due in 2019, another 73million repayable on demand, another 178m with interest 10-14% refer page 9 item A7 borrowing ........

Reach and hibiscus not same, hibi debt free, reach owe tonnes of money to it corporater debtor !!! 280million due in 2019, another 73million repayable on demand, another 178m with interest 10-14% refer page 9 item A7 borrowing ........

Jon, well said. Every sharing, sifu or non sifus in i3 all have agenda, as far as don’t like the margicmerlin is Sumatec, British Empire and wohahaha is Tekseng, b4b4 is Reach is ok already

from the management record and the fluctuation of HRC margin shown in the chart (from several hundreds rmd within few months), the acquire of Mega more likely is ballot

from the management record and the fluctuation of HRC margin shown in the chart (from several hundreds rmd within few months), the acquire of Mega more likely is ballot

Is the solar expert British Empire still here? LOL

Eks did not deny the Gk revenue for lrt3 is 270m and he book the whole 270m as profit, wah very good, zero cost, 100% profit

Syabas Bungaraya!

their cost structure is just simply too high

Good luck to those still long REACH & SUMATEC

Just sharing my previous comment
Stock: [REACH]: REACH ENERGY BHD

Sep 17, 2017 07:07 PM | Report Abuse

quarter report filing to bursa shall be most reliable, from recent QR, for 1h2017, reach total cost is 95.4m opex+30m net finance cost = 125.4m, so all in cost pb = 125.4m/(182x3200)=rm215.3pb or $50pb.

minimum work program from 1/7/17 to 30/6/18 is rm 145m or 36pQ, 1/7/18 to 30/6/19 is 529m or 132mpQ, 1/7/19 to 30/6/22 is another 1161m,

current qtr revenue is only 41m, how many barrels need to extract just to cover minimum work program alone?

those invest in reach shall prepare to hold long,


Stock: [REACH]: REACH ENERGY BHD

Aug 27, 2017 09:03 AM | Report Abuse

From QR note A12, capex 2017 rm1372m, capex 2016 rm1434m next 1-2yrs is rm529m so total rm3300m, how many barrels product ion you need to cover this cost, bear in mind the site cost $25pd overall cost is $47pd this cost exclude capex

Where is magic Merlin ? He value sumatec at rm0.56 when Brent $60, now Brent $73, how much suma worth? Now less than one tenth , Merlin sailang? LOL , pity to those newbie follow him. No pity to those old birds like goreng stock who like to condem others whom saying the fact. Wa ka ka

Jon, well said. Just hope that rular malays will change their mind this time after gone through all the above, but I am not so optimist on this

....then sendai shall set an premium tender profit percentage of 20- 30%, not 10% same like other ...

btw ak said that sendai have so much advantage then other contractor
and middle east dont mind on cost, then sendai set an premium tender profit percentage of 20- 30%, not like 10% same like other

with 10% of tender profit, usually one can get 6% when project completed as most Bursa analyst do when value construction stock

so the ak statement actually make peoples worry more LOL

for a common r c building, steel cost may contribute about 15 to 20% of total construction cost, with an increasing steel price of 30%, a common building contractor with 10% tender profit also facing difficulty to make profit

for sendai, which major in steel structure, the steel price may contribute up to 70% of cost, an increase of 30% in steel price could have make total cost higher by 20%, with 10% tender profit, could mean make loss

perhaps sifus with quantity survey and/or steel contractor background can share more on this

kyy conveniencely 'forgot' to mention he bought ard 16m share in jun-jul 2017 mostly between rm1.20-1.40 when he blog abt his avg peice LOL

perhaps he bought another few millions around that time also using nominee account, ha

accounting is science? art? magic?...

b4b4? it remind me on the REACH and SUMATEC, ha

other income 2.8m which jack up earning, otherwise it will be lost, and never mentioned what are d other income in QR, could it be from increace of trade receiveable ? sifus out there, csn enlighten please

Most likely kyy sold between 15.00 to 10.00 average 12.50, so he make 50m not some sifu boost 160m, kyy won’t goreng so soon, just m2c

The most important part in long bars is China long bars price, currently is around rmb4200 is on uptrend after CNY construction resume and winter steel production reduction is extended ( like Tangshan city, major production city) if attractive enough for Alliance Steel to export, Alliance capacity is a less worry, just m2c

really appreciate dragonofdark such quality comments, i3 shall have this type of comments more, newbie shall learn this to differentiate those pumping story in sumatec and reach

for those keep averaging down, this remind me wahahaha in tekseng last one and half years from 1.40 to 0.70, till wash out


Posted by dragonofdark > Mar 2, 2018 12:47 AM | Report Abuse

Hi robert168, can see that u really dont have CEO ability, may be u not even know that where the rm49.6 million revenue come from for the company you holding. Is ok, let me explain for you,

1. Revenue increased significantly to 49.6 million?
At least rm20 million revenue is brough foward from Q3....

the magician keep talking worth 56sen, but single major shareholder sold share for less than 25%, propably less than 20% of the 56sen i.e 12sen in huge amount in Jan 18, VERY FUNNY!!

Base on QR, rev 17m operating expenses 80m,not talk about the capex yet,the business is simply not viable

how sure the provision of liabilities 50m is oneoff, may be next 2-3qtr come with bigger provision LOL

is not you have one piece land, you sold it with gain, then we pretty sure it is one off gain.

m writing this just to highlight to rookie/newbie to fall into the magician created story, as Ricky said, he may have taken big angpao for this 56sen story

The production cost is simply too high plus extraction tax, and high investment needed

Tan Sri sold his share for less than 25% of Merlin rm0.56/share. Where is the magic Merlin? Yum Kong

The cost structure is simply no viable, same like Reach, as I share before even Brent $60/b both also cannot make profit enough to serve finance cost

Happy New Year! Heng!! Ong!! Huat!!

Happy New Year! Heng!! Ong!! Huat!!