Posted by speakup > 2014-08-18 07:46 | 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 Random Trading > 2014-08-18 07:51 | Report Abuse

Like I said. It is great for them. They can make their money anytime now. What an investment!

Posted by sosfinance > 2014-08-18 10:51 | Report Abuse

New broom sweeps well is the best analogy for SPACs. In theory, there is no logic of paying a RM1.35 for a company who only have cash per share of RM1.00 for SPACs, while ICap NAV is RM3.05 (50% listed shares and 50% cash) is traded at RM2.45, a discount of 20%?

Well, Randomtrading provided a great analysis on who gain about RM200mil? The selected investors. And the public loves it. Hibiscus did well while SONA and CLIQ is yet to show anything eventhough SONA has the QA. Well, bottom line, stocks and securities is part science, part art, part perception and part GAMBLE, part legal con job. Lets not spit hair over it.

Should ask Tan Sri Liew Kee Sin to do a SPAC on property, and Tan Sri Lee Sin Cheng to do a SPAC on plantation. SPACs was a failure in Australia and some other countries (not verified).

Posted by cheeseburger > 2014-08-18 11:53 | Report Abuse

brilliant

Posted by speakup > 2014-08-18 11:56 | Report Abuse

If I got IPO shares, I wont sell knowing that I can get more within 3 years, than quick small profits if sell on listing day.

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

the Small money is made quickly. the Big money is made patiently.

Posted by mbge7clt > 2014-08-18 11:58 | Report Abuse

Greedy wolves!!

Posted by kkng0819kk > 2014-08-18 12:53 | Report Abuse

No business fundamentals at all,just go for com with track,business and consistent profit record

Posted by Random Trading > 2014-08-18 14:33 | Report Abuse

Well, whether SPAC worth investing or not is the topic for another day. My point here is that an IPO is suppose to be public offering and I don't think 2% justified that. I get that any IPO needs cornerstone investors but the ratio of 98% is just too much. Whether they will sell immediately after IPO is up to them, but the fact that they are allow to do so and the general public (who are interested) are practically force to buy the share at 'premium' from them after IPO is just simply outrages.

Posted by goldisgold > 2014-08-18 16:27 | Report Abuse

94.75% of the money is locked in trust, that translate to 0.710625 per share?

Posted by speakup > 2014-08-18 16:57 | Report Abuse

At the end of 3 years, it will be 76sen (assuming 3% interest rate)

Posted by speakup > 2014-08-18 17:00 | Report Abuse

This is like a Call Option which expires in 3 years at 76sen.
Your downside already known.
There is a sayinf from a wise investor "Take care of your downside, and the upside will take care of itself".

Posted by cnyang > 2014-08-18 17:43 | Report Abuse

its a con job in a massive scale ... when the market down , then youknow who suffer the most... Haha ,, Happy trading

Posted by alicia_ng > 2014-08-18 21:41 | Report Abuse

is that advisable to buy some now?thx

Posted by Random Trading > 2014-08-18 21:49 | Report Abuse

Hi alicia, I don't make buy call or sell call due to my own policy. I'll always state my opinion on stock trend and my analysis. U have to make ur own call. :)

Posted by L2 > 2014-08-19 08:13 | Report Abuse

very incisive, Random Trading. tqvm for sharing.

Posted by yuanlong57 > 2014-08-19 20:54 | Report Abuse

Salute Random Trading for your razor-sharp incisive analysis. You put the so-called institutionalised watchdogs of minority investors to the hall of great shame.

Posted by yuanlong57 > 2014-08-19 20:57 | Report Abuse

Alicia_Ng, still can't see the OBVIOUS?

Posted by Foresight123 > 2014-08-19 21:39 | Report Abuse

Good article. Write the next one to bursa :)

Posted by yuanlong57 > 2014-08-20 00:49 | Report Abuse

Bull or SC probably got myopic vision. Bull's favourite is giving UMA card when investors enjoying good run.

Posted by kkng0819kk > 2014-08-21 10:35 | Report Abuse

Jangan pechaya itu shell com.,belum ada business fundamental dan track record lagi