REACH ENERGY BHD

KLSE (MYR): REACH (5256)

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Last Price

0.02

Today's Change

-0.005 (20.00%)

Day's Change

0.015 - 0.02

Trading Volume

23,772,200


9 people like this.

19,254 comment(s). Last comment by newbie_2016 1 week ago

Posted by newbie_2016 > 2019-02-27 18:29 | Report Abuse

@TheContrarian who dump the price? why not going up meh?

Posted by Mohd Azman Yaacob > 2019-02-27 18:48 | Report Abuse

Very likelly they will flush out all the 2018 worms in this QR.. afterall, 2018 surelly a loss already.. and currently brent price also not that good.. hopefully 2019 will be a better year for Reach..

TheContrarian

9,507 posts

Posted by TheContrarian > 2019-02-27 18:57 | Report Abuse

Price dropped due to lack of buyers as everyone is staying at the sidelines waiting for release of QR. People who bought and couldn't take up are been forced to sell off.

8251313

106 posts

Posted by 8251313 > 2019-02-27 19:44 | Report Abuse

When they delay the QR to last year. Sure in RED.

Posted by Lim Chee Keong > 2019-02-27 23:17 | Report Abuse

Tomorrow

TheContrarian

9,507 posts

Posted by TheContrarian > 2019-02-28 04:45 | Report Abuse

Brent has recovered to above USD66.

Posted by WeiZian Chin > 2019-02-28 08:02 | Report Abuse

today should be good day...

TheContrarian

9,507 posts

Posted by TheContrarian > 2019-02-28 08:38 | Report Abuse

Failure to release QR will hold back buyers.

longvalley

2,287 posts

Posted by longvalley > 2019-02-28 14:16 | Report Abuse

If qr gd mgmnt release qr ready.......!!!!
dah boleh baca ......
Mentaliti........????

Alan Mu

205 posts

Posted by Alan Mu > 2019-02-28 18:25 | Report Abuse

Qr no announce a...what happen ?is it kena pn17?

Ron90

4,127 posts

Posted by Ron90 > 2019-02-28 18:26 | Report Abuse

just enter b4 closing..taking high risk with this one..hehe..

8251313

106 posts

Posted by 8251313 > 2019-02-28 18:29 | Report Abuse

Useless management

Alan Mu

205 posts

Posted by Alan Mu > 2019-02-28 18:39 | Report Abuse

Tomorrow sure big drop...die today ...haizzzz

asd88

809 posts

Posted by asd88 > 2019-02-28 18:58 | Report Abuse

another 30M loss.. god bless you guys

darksoul

363 posts

Posted by darksoul > 2019-02-28 18:59 | Report Abuse

GG...

CITADEL

1,867 posts

Posted by CITADEL > 2019-02-28 18:59 | Report Abuse

result cantik!! up 50% !!

Alan Mu

205 posts

Posted by Alan Mu > 2019-02-28 19:03 | Report Abuse

Gg tomorrow ....loses 30 million

8251313

106 posts

Posted by 8251313 > 2019-02-28 19:08 | Report Abuse

Where is the result?

8251313

106 posts

Posted by 8251313 > 2019-02-28 19:11 | Report Abuse

Asd88?

adamdacutie

1,456 posts

Posted by adamdacutie > 2019-02-28 19:19 | Report Abuse

I thk it's a pretty solid result .. 2019will be way better ...All the worst re over

6044

123 posts

Posted by 6044 > 2019-02-28 19:27 | Report Abuse

Yes Q result shown Reach is progressing and showing better and better performance.
The pattern of the Q result is similar to Hibiscus and fruitful return is on the way, just be patience.

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-02-28 19:50 | Report Abuse

be tough, im lucky made right prediction

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-02-28 19:52 | Report Abuse

kazakstan is a hard place to do oil drill business same fate like sumatec

6044

123 posts

Posted by 6044 > 2019-02-28 20:03 | Report Abuse

Reach has increased production from 2600 to 3100 oil barrels from Oct to Dec 2018 but that period oil price was low. From Jan to Feb 2019, oil price up and with increasing production,
coming Q shall be much better performance. Hibiscus also made several right issues and now how much of the share price ??

ramada

3,955 posts

Posted by ramada > 2019-02-28 20:04 | Report Abuse

The quarterly result looks very weird.

tm9999

156 posts

Posted by tm9999 > 2019-02-28 20:30 | Report Abuse

Total borrowing Rm600mil....wtf....

Posted by WeiZian Chin > 2019-02-28 20:36 | Report Abuse

finally have see production oil barrels up, during oct-dec'18 brent oil price drop gaogao...but REACH revenue still can up from 40.8m up to 69.3m...is a good start... and hope management can as soon as possible to settle the finance cost problem...hehe

samyew1234

1,362 posts

Posted by samyew1234 > 2019-02-28 21:00 | Report Abuse

god bless u all

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-02-28 21:29 | Report Abuse

70% report in red colour, may god bless you too

tm9999

156 posts

Posted by tm9999 > 2019-02-28 21:31 | Report Abuse

Right issue at Rm0.15.

Posted by newbie_2016 > 2019-02-28 21:40 | Report Abuse

results improving but whoooaaa mr ceo shahul hamid must have confused when he said that they will be 'back-in-the=black' for 2018!! http://www.theedgemarkets.com/article/we-will-be-back-black-year-says-reach-energy

sheryn74

212 posts

Posted by sheryn74 > 2019-02-28 22:27 | Report Abuse

Results not bad , already gained compared to 2017. Even though still at the loss but it is definitely improving. 2019 will be a better yeat.

ming

2,088 posts

Posted by ming > 2019-03-01 02:22 | Report Abuse

Warmly remind..300mil due this year

Posted by fazlyfaruc > 2019-03-01 09:44 | Report Abuse

bodo punya stock!!

Posted by smallplayernia > 2019-03-01 12:01 | Report Abuse

Mana ada right issue la tm9999???? Don't lie.

Posted by WeiZian Chin > 2019-03-01 13:11 | Report Abuse

slow slow up back...hehe

Posted by smallplayernia > 2019-03-01 13:12 | Report Abuse

@weizian chin , got rights issue?

samyew1234

1,362 posts

Posted by samyew1234 > 2019-03-01 13:34 | Report Abuse

no money pay loan d

Posted by smallplayernia > 2019-03-01 14:59 | Report Abuse

But they didn't announce any right issue right?

Posted by WeiZian Chin > 2019-03-01 15:19 | Report Abuse

@smallplayernia ,i not sure, if they dont want faster push up production,no money to pay loan, will do private placement / right issue...if next quarter result revenue continue up is good...

Posted by smallplayernia > 2019-03-01 15:54 | Report Abuse

Got mislead by the dumbshit tm9999 up there alamak~~~~

bylkw2

144 posts

Posted by bylkw2 > 2019-03-01 16:15 | Report Abuse

“I really am disappointed that the market does not appreciate the value of our acquisition,” said Shahul Hamid. “It’s (Emir Oil) is a very good asset but somehow the market does not seem to appreciate that.”

Posted by newbie_2016 > 2019-03-01 16:56 | Report Abuse

useless ceo... back in the black... go back to school lah before give people hope...

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-03-01 17:28 | Report Abuse

very weird end week, big loss only drop a bit and those earn didnt go up

nckcm

2,726 posts

Posted by nckcm > 2019-03-01 17:31 | Report Abuse

Ya, something is weird with bursa today. I would watch out first

TheContrarian

9,507 posts

Posted by TheContrarian > 2019-03-01 19:55 | Report Abuse

This morning managed to add more at 0.28.

VFTRADER

788 posts

Posted by VFTRADER > 2019-03-01 21:19 | Report Abuse

look at its CF...

TheContrarian

9,507 posts

Posted by TheContrarian > 2019-03-02 00:11 | Report Abuse

I look at its 2P reserves and I think at around 28 sen it's a bargain with huge potential one day.

nckcm

2,726 posts

Posted by nckcm > 2019-03-02 01:19 | Report Abuse

Wow oil drop..

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