Posted by fyda74 > 2014-08-15 15:10 | Report Abuse

I plan to hold it till they purchase sth. What do you think? Hopefully REACH can be second HIBISCUS?!

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

Since you are thinking long term, should be a good buy for you.
I bought at 72.5, will decide based on performance next week.

Posted by fyda74 > 2014-08-15 15:34 | Report Abuse

Thanks, bolt. I don't buy a lot REACH & REACH-wa. I just slowly buy it. I got allocated 9k share during IPO. Thus plan to accumulated more if drop.

Posted by vinvin > 2014-08-15 15:47 | Report Abuse

Bought some today at 70 sen n now queuing some more at 69.5 sen n 69 sen..........

Posted by wintermelon > 2014-08-15 16:53 | Report Abuse

Sorry.. who is Dr KIM?

Posted by vinvin > 2014-08-15 16:58 | Report Abuse

Can DRwarrant let wintermelon know who is Dr KIM please? Tq

Posted by pisangkuat > 2014-08-15 17:42 | Report Abuse

Another tipu duit spac counter...

Posted by fyda74 > 2014-08-15 17:54 | Report Abuse

high risk? high return? LOL

Posted by fyda74 > 2014-08-15 18:00 | Report Abuse

https://uk.finance.yahoo.com/news/malaysias...-013836862.html
Malaysia's Securities Commission said in December that SPAC funds from an IPO must not be used to pay remuneration for the management team until an asset acquisition is completed. The company's management also cannot sell their shares in the SPAC until assets are generating income.
The firm's management, whose experience and track record must fall in line with the SPAC's objectives, must hold at least a 10 percent stake to ensure a "meaningful financial participation".
Reach Energy is led by Managing Director and Chief Executive Officer Shahul Hamid, who has had senior roles at Esso, Shell and Petroleum Development Oman (PDO). Other top officials include former staff from Petronas, Schlumberger and Sime Darby.
According to Reach Energy's IPO prospectus, Malaysia's pilgrimage fund Lembaga Tabung Haji, CIMB-Principal Asset Management Bhd, and Hong Leong Asset Management are among the cornerstone investors in the sharia-compliant company.
"This is seen as the safest SPAC to date, because it is the first one to genuinely attract institutional attention here," said a banker who was involved in the Reach Energy IPO.

Posted by GPS777 > 2014-08-15 18:46 | Report Abuse

Friday....flyday, must Take profit first. Ha....ha..... better than Cliq

Posted by think_big > 2014-08-15 19:54 | Report Abuse

Why so worry.they already recognized company they want to acquire.the acquisition negotiation will commencing as soon as possible.just put your faith in this company.it will be better than sona and much better than cliq.

Posted by vinvin > 2014-08-15 23:03 | Report Abuse

Yes, keep for long term for better returns...............................trade at own risk

Posted by speakup > 2014-08-18 07:42 | Report Abuse

Institutions & funds investors of Reach:
Lembaga Tabung Haji
Koperasi Permodalan Felda Malaysia Bhd
Pelaburan Mara Bhd
Norges (world’s largest sovereign wealth fund)
CIMB Principal Asset Management
Hong Leong Asset Management
MTD Capital
Kenanga Investors
Areca Asset Management
Allianz Investment
Chua Sai Men (Chua Ma Yu's son)
Poh Yang Hong (Tan Sri Quek's associate)

Just shows how good Reach Energy is.

http://hongwei85.blogspot.com/2014/08/ipo-reach-energy-well-known-cornerstone.html

Posted by Moraz Klg > 2014-08-18 09:51 | Report Abuse

What happen to Public investor contained 20 Million, if still hold the share?

Posted by vinvin > 2014-08-18 11:57 | Report Abuse

A lot of solid supporters, no worry will up soon after clearing all the weak holders..................trade at own risk

Posted by fyda74 > 2014-08-19 14:07 | Report Abuse

Hold REACH till RICH ^_^

Posted by Khoo Stevenkhoo > 2014-08-19 14:10 | Report Abuse

wait until below rm 0.20 and collect

Posted by SirKoin > 2014-10-07 22:02 | Report Abuse

Will be going up tomorrow.

Posted by SirKoin > 2014-10-14 17:20 | Report Abuse

Reach warrants green today