You making money or not? Only you know....

weak oil price is better for this stock

slowly but surely.....

Ok to listen to all but stick to your own trading rules + money management....you will be champion trader.

Closing at new high........

quite common to show big amount at offer when they actually want to buy. I'm bullish as long as it closed > 0.52.

The investment banker that told you that......not licensed to advice retail/priority/private banking clients

Not sure about that, the strike price for the warrant is 0.75 and the maturity is on 12 Aug 2022. I guess warrant will be worthless since it was given free

According to HLIB research (reported on 14 Oct):

- Largest SPAC in Malaysia…Reach Energy (REACH) is the fourth oil and gas special purpose acquisition company (SPAC). It is also the largest IPO for a SPAC by its fundraising size of RM750m with overwhelming response as IPO was oversubscribed by 42 times.
- Opportunity emerges as share price trading well below cash value. With current share price of 61.5 sen which is 13% below cash value of 71sen, we see value emerge. In the worst case scenario, where a QA not executed in 3 years time, investors could get back ~77.5 sen including 3% interest rate earned which implied 26% return over 3 years period or 8.7% pa which is higher than FD rate.
- Successful completion of SPAC could provide better upside…Based on the implied cash value, we believe the market has mispriced the security due to misunderstanding of the SPAC structure.
- Current weak oil price environment provides better bargain power…SPACs are cash companies looking for oilfield assets and should potentially be able to negotiate for better pricing especially in the declining oil price environment.
- Share price should be underpinned by the cash backing per share which is 71 sen. The stock should trade over and above this value to factor in the likely probably of finding a value accretive qualifying asset.

Bought into the idea of share price trading well below cash value and the fact that the company should be able to nego for cheaper assets given the weak oil price. All the best to me and all shareholders of this company.

Play contra get burn quickly....long term investors may lose much more

That's just my biggest fear.....still have available fund for this market correction. Cheers!

My biggest fear....no more available funds to invest after market crashed (in a crisis), when all stocks are selling cheap.

I was told never buy stocks that have the most buy calls....

Published May 8,2013 by the Star

PETALING JAYA: Parties linked to banking billionaire Tan Sri Quek Leng Chan have bought a sizeable stake in mid-cap fabricator TH Heavy Engineering Bhd (THHE) through a private placement announced on Monday, sending its stock up a sharp 15% to 53.5 sen.

Some 39.6 million shares changed hands at prices ranging from 47 sen to 54.5 sen, making it the fifth most active counter across Bursa Malaysia yesterday. The stock has soared 24% from a trough of 43 sen on May 2.

good level to bottom fish? getting closer to the level HL boss paid for...

Hahaha...hangtuah probably a serious buyer, trying so hard to talk the price down in this room. Good try.

Matter of time, Globaltec will be like 0023