Posted by samyew1234 > 2019-03-02 08:06 | Report Abuse

gg.com

Posted by WeiZian Chin > 2019-03-02 15:21 | Report Abuse

good to buy back...

Posted by TheContrarian > 2019-03-02 15:25 | Report Abuse

Brent dropped back to USD64+ again, Monday will be gloomy again.

Posted by samyew1234 > 2019-03-03 21:37 | Report Abuse

u all still put hope ah? haizzzz

Posted by samuel > 2019-03-04 09:58 | Report Abuse

US sanctions on IRAN is like no power. In fact IRAN oil export got higher.

Posted by Ron90 > 2019-03-04 13:17 | Report Abuse

last December, NK- 3 starts producing oil... K16 which will come anytime soon..

Posted by TheContrarian > 2019-03-04 20:11 | Report Abuse

Results lousy also can go up today. Glad I added at 28 sen on Friday.

Posted by Patrick13 > 2019-03-04 20:57 | Report Abuse

Sold all at 0.295. GL.

Posted by samuel > 2019-03-04 22:33 | Report Abuse

Get ready to 34!

Posted by Ron90 > 2019-03-05 02:42 | Report Abuse

volume still low..but this is good, got ample time if want to collect. I think 32 would be the immediate resistance.

Posted by Nicholasming91 > 2019-03-05 11:12 | Report Abuse

Wtf the warrant...?

Posted by vivabursa > 2019-03-05 11:30 | Report Abuse

buy more warrant

Posted by 8251313 > 2019-03-05 11:31 | Report Abuse

What happen to the warrant? Being push down!!!

Posted by 8251313 > 2019-03-05 11:42 | Report Abuse

Wha are selling the W? High volume!!

Posted by TheContrarian > 2019-03-05 12:33 | Report Abuse

Reach Energy Holdings Sdn Bhd has 215,000,000 warrants to dump.

Posted by Nicholasming91 > 2019-03-05 12:37 | Report Abuse

Why dump wo

Posted by WeiZian Chin > 2019-03-05 16:56 | Report Abuse

maybe his want buy mother share ....haha

Posted by 8251313 > 2019-03-05 19:07 | Report Abuse

Why volume so high today ?

Posted by Kit Kit Kent > 2019-03-05 22:35 | Report Abuse

buaya sudah dtg !!!!

Posted by 8251313 > 2019-03-06 08:39 | Report Abuse

Whats wrong with warrant?

Posted by 8251313 > 2019-03-06 09:50 | Report Abuse

Any one know who is selling warrant?

Posted by vivabursa > 2019-03-06 11:12 | Report Abuse

hopefully this year new oil well drilling will show good result

Posted by TheContrarian > 2019-03-06 13:15 | Report Abuse

Reach Energy Holdings Sdn Bhd is selling the warrants. Already been announced to Bursa.

Posted by 8251313 > 2019-03-06 14:04 | Report Abuse

Can show. I dun see the announcement.

Posted by newbie_2016 > 2019-03-06 14:20 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6078065

Posted by newbie_2016 > 2019-03-06 14:21 | Report Abuse

ceo selling.. he needs money for house reno i reckon... salary not enuf

Posted by nckcm > 2019-03-06 14:25 | Report Abuse

Why dispose below his price ???

Posted by TheContrarian > 2019-03-06 14:41 | Report Abuse

He got free one.

Posted by nckcm > 2019-03-06 14:46 | Report Abuse

Stupid ceo sell below market price. Many wont like him

Posted by 8251313 > 2019-03-06 14:53 | Report Abuse

Let him go to hell. Conman.

Posted by Run Bull > 2019-03-06 15:46 | Report Abuse

Suhai CEO. Talk cock then run away..

Posted by newbie_2016 > 2019-03-06 16:57 | Report Abuse

but an employee bought some.. good sign? no?

Posted by more_n_more > 2019-03-07 10:38 | Report Abuse

MrConMan will keep silent and run away...... RIP

Posted by 8251313 > 2019-03-07 10:59 | Report Abuse

The idiot still dumping the warrant! Non stop.
Bastard.

Posted by Ron90 > 2019-03-07 13:13 |

Post removed.Why?

Posted by 8251313 > 2019-03-07 16:45 | Report Abuse

Really need to curse them to burntin hell. All my old age money been con.

Posted by ivan9511 > 2019-03-07 16:52 | Report Abuse

haha
@
TheContrarian
but however this kind of Reach counter for old fren - TheContrarian definetly is earn money
I know TheContrarian buy lowest sell near highest reach a few times
not only this like Cesb , Trop , Malton , Mn or others counters TheContrarian always can get in get out in the perfect tming ,

for me I still a bit slow , I hold the stupid like Malton , trop , mkland , Reach, masteel wich made me from paper profit until paper loss but another issue is I am too busy on working so I only free after 4 or 4.30pm so I barely watch and comment recently

Posted by 8251313 > 2019-03-07 16:56 | Report Abuse

Shahul. You are a real bastard!!!

Posted by 8251313 > 2019-03-07 17:13 | Report Abuse

Hope he is dying soon!!!

Posted by 8251313 > 2019-03-07 17:17 | Report Abuse

3 days selling 80 million warrant. To bring the con money to hell with him.

Posted by Nicholasming91 > 2019-03-07 17:37 | Report Abuse

Keong kan lo, why mother no drop ? Weird ooo

Posted by WeiZian Chin > 2019-03-07 18:04 | Report Abuse

maybe they need money to pay debt...haha

Posted by ww123 > 2019-03-07 18:21 | Report Abuse

If really for paying debt, they will do marry deal in closed market under the company's name. But the weird thing is that is the own Ceo who dumped the shares! Any body have any clearer picture
what's going on??

Posted by Foogo90 > 2019-03-07 18:24 | Report Abuse

Ya, why keep dumping wa? Mother still firm firm.. ceo want quit liao?

Posted by ww123 > 2019-03-07 18:27 | Report Abuse

we small shareholders really have no way to check what's the boss playing behind closed door !

Posted by ww123 > 2019-03-07 18:28 | Report Abuse

Any sifu sifu can come out to say something ??

Posted by tan81 > 2019-03-07 19:15 | Report Abuse

Cut !!!

Posted by teoh1128 > 2019-03-08 09:44 | Report Abuse

This means what?

Posted by teoh1128 > 2019-03-08 09:45 | Report Abuse

When the daily production can increase ?

Posted by commonsense > 2019-03-08 11:16 | Report Abuse

Reach is still a loss-making company with FY18 loss of RM44mil to its shareholder. But the biggest issue with this company is not the P&L but its very weak balance sheet.

If you look at the balance sheet dated 31 Dec 18, you will see that the company has a total current liabilities of RM359mil and only a total current asset of RM81mil. Of the RM359mil current liabilities, RM307mil are amount due to corporate shareholder of a subsidiary (which carries interest hence is actually debt). Please take note that the company has only paid around RM2.6mil of interest payment out of the combined interest cost of RM138mil for FY18 and FY17. I assume it must be part of the amount due to corporate shareholders as the total amount had increase from only RM273mil in on Dec 16 to now RM600mil as of Dec 18. The corporate shareholder is MIE Holdings Corporation, a listed company in HK that is based in China. Personally, I think MIE would push Reach to pay whatever is due to them given that the company itself is also in a distress situation. The share price of MIE has fallen from 52 weeks high of HKD0.50 to now only HKD0.09. (https://www.bloomberg.com/quote/1555:HK)

Another issue for Reach is the minimum contractual commitment that they have to spend for their four fields in Kazakhstan. In 2019, the amount to be spend is around RM135mil which I doubt the company has. If they failed to spend the minimum committed capex, there is a possibility that the Kazakhstan government would take back their production license for the 4 fields. Investors need to take note of this risk.

If you are looking to hedge your portfolio outside of Reach (due to its weak earnings outlook and weak balance sheet), I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp)

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.1x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.

FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).

MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.0x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.

Good luck.