Posted by speakup > 2014-07-25 15:40 | Report Abuse

Is this IPO for institutions only? Then how come only a meagre 2% of the shares allocated for retail public?
Bursa always say want to increase retail participation, but never take any actions against rogue Investment Banks that restrict retail participation like this Hong Leong Investment Bank. TALK IS CHEAP!

Why bother with applying this IPO, it's impossible to get to even begin with.

Posted by myshare > 2014-07-26 01:05 | Report Abuse

Another I-Con in the making?

Posted by DRwarrant > 2014-07-26 21:04 | Report Abuse

a VERY DANGEROUS IPO - a blank cheque IPO !

Posted by beLIEve > 2014-07-27 02:00 | Report Abuse

The private placement is meant for the public too. But you've got to be cash loaded to participate. If I remember correctly, need 200k minimum. A rich friend is applying the private placement.

Posted by BumbleBee > 2014-07-27 11:49 | Report Abuse

BLANK CHEQUE ? HOORAY ...THAT MEANS I WRITE THE AMT DOWN HAHA

Posted by mking77 > 2014-07-27 16:03 | Report Abuse

If the demand for the shares is overwhelming, the money/cash alone does not work. I once applied for IBG reits for 250,000 shares. But was alloted 2,300 shares
only. The cost is about Rm1.27+ per share. For public, it is RM1.25 only.

Posted by speakup > 2014-07-27 16:20 | Report Abuse

Dont bother, Impossible to get.
Apply and you will be disappointed.

Posted by speakup > 2014-07-27 16:29 | Report Abuse

This Reach IPO is only for funds & orang kaya. That is why a meagre 20mil shares only for public vs 980mil for institution & orang kaya. Let us BOYCOTT this IPO and let it UNDERSUBSCRIBE to send a VERY STRONG message to Bursa/SC that unfair IPOs will not be tolerated by us public!

Posted by Mohd Fahmi Bin Jaes > 2014-07-28 21:22 | Report Abuse

buy on opening very dangerous if this ipo like icon,sasbadi,heng huat. down trend

Posted by prc4wifefe > 2014-07-30 15:45 | Report Abuse

Buy on opening day?? you kidding...??

Cornerstone no lock-up, 980million to throw...well...your money...you decide.

Posted by speakup > 2014-07-30 15:48 | Report Abuse

BOYCOTT this Reach! Let it undersubscribe!
And when list, please please dont buy and be slaughtered sheep!

Posted by speakup > 2014-07-30 15:49 | Report Abuse

Hong Leong IB must be taught a lesson that treating retail public like sh*t doesn't pay!

Posted by prc4wifefe > 2014-07-30 15:50 | Report Abuse

kalau 20 million undersubscribe...dia kasi sama itu orang kaya-raya...either way...yang beli kat opening tu kena lo

Posted by Eric Ong Peng Leong > 2014-07-30 22:22 | Report Abuse

I think this IPO can buy some/small investment for long term investment. Or maybe after listed can sell with a good price.

Posted by DAZZLE79 > 2014-07-31 23:33 | Report Abuse

Applied 5000 shares. Wish me luck !

Posted by speakup > 2014-08-01 23:02 | Report Abuse

Eric guess u didn't reach the prospectus! Only 10mil shares (1%) for non-bumi public allocation. What are your chances? IMPOSSIBLE!

Posted by speakup > 2014-08-01 23:03 | Report Abuse

this IPO is IMPOSSIBLE to get, dont waste your time. Better use your money buy a good counter like Weida.

Posted by soon9913 > 2014-08-03 13:12 | Report Abuse

Chance is there, just a bit slim. Never try never know mar

Posted by prc4wifefe > 2014-08-03 13:31 | Report Abuse

From e-ipo application...very slim slim chance...
From listing ...got 100% chance BUT that time sumua Batu penjuru also throw.....no lock-up

Posted by powerwk > 2014-08-03 13:39 | Report Abuse

If you get the stock before listing then good. If you plan to buy at open market then really not advisable. I could be wrong but this is relative high risk counter. But some may say high risk high return. So manage your risk level. To be on moderate side. Wait till they get the business sign off.

Posted by soon9913 > 2014-08-03 18:44 | Report Abuse

Sorry- mind to share why u said this IPO is high risk ..?

Posted by azhakha > 2014-08-04 15:46 | Report Abuse

soon, for SPACs there's no track record to review, except than the board member's and management's experience in the industry.

shahul hamid seems like an experienced fella in upstream oil and gas https://www.linkedin.com/pub/ir-shahul-hamid/12/4a4/9b1

Posted by subra4002 > 2014-08-04 17:02 | Report Abuse

https://forum.lowyat.net/topic/2455198

Posted by subra4002 > 2014-08-04 17:07 | Report Abuse

http://klse.i3investor.com/blogs/ipo/26966.jsp
The input same as Cliq Energy Berhad
http://www.klse.info/counters/chart/stock/5234

Fyi

Posted by Shiaobao10 > 2014-08-04 17:08 | Report Abuse

i am subscribing for a bit only...
Reach Energy will have much more funds than sona and cliq to fish around...
more bullets, bigger "transfer kitty" for aquisition...
but due diligence of course has to be done in any acquisition 1st...

Posted by sklyte2 > 2014-08-04 17:32 | Report Abuse

Reach Energy is under the new SC's rules. It is safer and much better than Sona & Cliq. Lembaga Tabung Haji and Mara have invested in it.

Posted by DAZZLE79 > 2014-08-04 21:39 | Report Abuse

The subscription period is opened until 4th August 2014 at 5pm. Tentative balloting date is on 7th August while allotment date is on 11th August 2014.

Posted by cariayam > 2014-08-04 22:02 | Report Abuse

good good waiting for durian jatuh ,,,,,,

Posted by johnhuat88 > 2014-08-04 23:11 | Report Abuse

reach up daya also up!!!!

Posted by speakup > 2014-08-05 07:38 | Report Abuse

If you like Reach Energy, better buy Daya as Daya owns 1.7% of Reach at only 45sen (vs IPO price of 75sen).

Posted by speakup > 2014-08-05 07:41 | Report Abuse

At Reach IPO price of 75sen, Daya stands to make at least rm6.7mil, which translates to 4sen EPS.
Do you think Reach will open at 75sen considering that 98% placed out to institutions & high net worth individuals? I think more likely Reach will open around 90sen, which means MORE profit & HIGHER EPS for Daya.

Posted by speakup > 2014-08-05 07:42 | Report Abuse

If you applied Reach, but not successful, buy Daya with that returned money.
Ride on Reach using Daya.

Posted by Calm Chen > 2014-08-05 12:45 | Report Abuse

When to know the application status?
After 'Offer Period Close' or on 'Tentative listing date'?

Posted by soon9913 > 2014-08-05 13:34 | Report Abuse

Ballot result is out this Thursday. Online application should be on Friday.

Posted by gozilla88 > 2014-08-05 13:52 | Report Abuse

i sold all my sona just for reach@rich energy!!! daya made me kaya.... reach will make me rich also......

Posted by jeht > 2014-08-06 15:29 | Report Abuse

over subscribed how many times

Posted by speakup > 2014-08-06 15:30 | Report Abuse

Belum ballot.

Posted by DAZZLE79 > 2014-08-06 16:44 | Report Abuse

FINGERS CROSSED !!!!

Posted by cariayam > 2014-08-06 17:11 | Report Abuse

besok

Posted by azdrichwork2002 > 2014-08-06 22:15 | Report Abuse

Target listing price 90 cent

Posted by speakup > 2014-08-06 22:44 | Report Abuse

Remember if u fail get Reach IPO shares, use that money to buy Daya cos Daya is the proxy to Reach.

Posted by speakup > 2014-08-06 22:46 | Report Abuse

If you fail to get Reach IPO shares, please dont chase Reach during listing day and buy at 90sen. Those 98% of the shares will dump to you if u do that.

Posted by pfhong > 2014-08-07 13:42 | Report Abuse

today can know whether can get or IPO or not?

Posted by Mohd Fahmi Bin Jaes > 2014-08-07 13:43 | Report Abuse

maybe

Posted by speakup > 2014-08-07 17:25 | Report Abuse

Public portion oversubscribed 50 times!
Bumi portion oversubscribed 34 times!

As expected, IMPOSSIBLE to get!

When u get your money refunded, buy DAYA to ride on Reach!

Posted by IVAN2222 > 2014-08-07 17:43 | Report Abuse

WAS THE RESULT BEEN ANNOUNCED?

Posted by ATOZ > 2014-08-07 17:48 | Report Abuse

bursa not fair to retail public!

Posted by speakup > 2014-08-07 17:50 | Report Abuse

non bumi portion oversubscribed 50x
bumi portion oversubscribed 34x
average is 42x OVERSUBSCRIBED!

http://www.theedgemalaysia.com/business-news/301794-flash-reach-energy-malaysian-public-ipo-shares-oversubscribed-by-4186-times.html

Posted by speakup > 2014-08-07 17:53 | Report Abuse

now we know why retail participation in Bursa is sooooo low. Thanks to unfair IBs like Hong Leong! I will boycott Hong Leong from now on!

Posted by tomika > 2014-08-07 17:54 | Report Abuse

i think the wave for SPAC is undeniably hot based on the historic uptrend movement.. plus nowadays rally on penny stocks, this will be the ultimate IPO for this year..looking at opening price above 0.90 for mother share and warrant easily 0.25 to 0.35 range...go get RICH (Reach)