Emir Oil if managed properly will generate substantial amount of profits with Brent crude oil price now steadily above USD100 a barrel.

In future 40% profits from Emir Oil will go to the tycoon and 60% go to Reach which will be controlled by the tycoon.

The tycoon's objective is to take control of Reach, thus together with his own 40% shareholding in Emir Oil, the tycoon will own 100% of Emir Oil.

The tycoon agrees to 20 sen price to instantly own 48.5% of the enlarged share capital of Reach. From zero to largest shareholder in a blink of an eye.

@newbie_2016, I see better future with new Hong Kong tycoon.

Reach continues to own 60% of Emir Oil in Kazakhstan. Reach will be getting new boss and controlling shareholder tycoon from Hong Kong. Tycoon will nurse Emir Oil and bring it to great heights. Kazakhstan oil will be in great demand by Europe due to sanctions imposed on Russian oil.

Those who bought cheap Technology, Gloves and Steel and sold ........ made lots of money.

The Hong Kong tycoon has big plans for Emir Oil. Already holding 40% in Emir Oil, he is posed to emerge with almost 50% shareholding in Reach, making him the single largest shareholder in Reach.

The true value of one Reach share based on its 60% interest in Emir Oil in Kazakhstan is approximately 30 sen. A Hong Kong tycoon who already bought 40% interest in Emir Oil is now rescuing Reach by converting loans into new Reach shares at 20 sen per share. Once he takes over Reach will have a very strong controlling shareholder.

Bought back at 5.5 sen.

What happened at the virtual AGM this morning?

First announcement sold in open market was an error. Today announcement corrected to say it was sold in direct business transaction.

Bought at 26 sen.

When was the last time this counter was below RM1?

Sold at 9 sen for 125% gain.

Virtual AGM on 30/6, any of you registered to participate?

@newbie_2016, Reach at current price is very undervalued, the problem is it has weak major shareholders.

@newbie_2016, Reach meletup!

Tomorrow Reach will make us rich?

Yes, new substantial shareholder bought the treasury shares and the RM38 million paid for the shares goes into the bank account of Borneo Oil.

@Sslee, no buy, need to kill the rampaging bear first.

If got takeover can go above 30 sen.

Luckily got buy at 4 sen on 6/5/22.

If bought at 4 sen and sell at 9 sen means 125% gain.

Eh, I think now Oil is King.

Who attacking?

This week from 7/6 to 10/6, EPF could have possibly sold 3 million Affin shares, so another 7 million to sell.

@Johnzhang, haven't moved to anywhere yet. Waiting to catch some real bargains.

How to fly if everyday EPF selling?

I started to cut win when dompeilee bought. I notice in other forums whenever she buys, price will drop. Anyway, I have small position only. Plan to redeploy proceeds elsewhere.

Because of the RM10K withdrawals in April, EPF had to borrow temporarily to disburse. Now EPF is selling some shares including Affin to pay off the temporary borrowing.

Cut win.

Not late, EPF still selling.

Wow

@jeffery1166, DRP can do online.

@aklobi, EPF needs to cease selling first.

Hahaha, underwear can fetch 0.45?

.... 0.90 ..... 0.80 ....... 0.70 ?

QR out.

@ZenSen, depends on whether you need cash urgently or otherwise. My average cost is also around RM1.80. I don't need cash urgently.

But someone said Affin will be back to RM1.50 or even lower ....... so, better stay off Affin.

Affin made after tax profit of RM142 million the first quarter. Full year easily over RM1.2 billion.

@Johnzhang, that rookie from Wall Street is now screaming RM6 target price at the Coastal forum.

Over the years the condominium unit I bought tripled in value.

I have not lost money in the stock market for the past 22 years and made enough gains to buy a condominium with a lovely seaview.

Huh, you people are only buying and selling merely several hundred units of shares at a time?

QR out.

Dividend scrapped, lol.

I am convinced Affin get easily make RM1 billion PAT. :-D

For year 2021 Affin made over RM500 million profit after tax. For 2022 Affin can easily make over RM1 billion profit after tax.