Posted by SuperPanda > 2019-04-29 23:22 | Report Abuse

matched at .29 too today

Posted by 692718720 > 2019-04-30 12:47 | Report Abuse

Annual report out. So how ?

Posted by WeiZian Chin > 2019-04-30 12:47 | Report Abuse

finally AR COME OUT....

Posted by Ho Sook Ching > 2019-04-30 12:51 | Report Abuse

Nothing effect

Posted by SuperPanda > 2019-04-30 20:06 | Report Abuse

would it drop below .29? save some bullet for last collection this week if drop

Posted by SuperPanda > 2019-05-01 05:22 | Report Abuse

seem like will not drop further

https://oilprice.com/Energy/Energy-General/Oil-Prices-Rebound-As-Saudis-Reassure-Markets.html

Posted by ckkhor0722 > 2019-05-01 12:44 | Report Abuse

according to ar, their revenue is 220.3 million which is higher than year 2017 157.1 million. Bt their net profit is so lnx

Posted by ckkhor0722 > 2019-05-01 12:44 | Report Abuse

so low

Posted by TheContrarian > 2019-05-01 15:01 | Report Abuse

Most probably there was huge impairment.

Posted by Yi Heng > 2019-05-01 17:12 | Report Abuse

reach gonna rebound soon

Posted by SuperPanda > 2019-05-01 19:42 | Report Abuse

look at the cash flow

Posted by nckcm > 2019-05-01 20:07 | Report Abuse

Need to pay 302m borrowing in 2019

Posted by SuperPanda > 2019-05-02 10:04 | Report Abuse

thats why it traded at current price, if not would not be below 30c

you buy rm1 stock earn 5c only 5% gain, you buy .30 stock earn 5c already 17%, of course downside risk is similar with upside gain

sahul disposition reducing stake may have something going to happen, i decide to hold and accumulate

Posted by SuperPanda > 2019-05-02 23:18 | Report Abuse

collect today at .29, .28, queue .275 but didnt get

Posted by Guijc > 2019-05-03 00:13 | Report Abuse

What does adoption of new constitution means?

Posted by SuperPanda > 2019-05-03 09:05 | Report Abuse

ive just read last night but yet to absorb the details

Posted by SuperPanda > 2019-05-03 09:08 | Report Abuse

it will be tabled in coming AGM

Posted by 8251313 > 2019-05-03 09:16 | Report Abuse

Is getting lower and lower each day. Damn the management. Con the small shareholders money
And get high remuneratuon with shit performances.

Posted by Guijc > 2019-05-03 09:35 | Report Abuse

I think the investors are reacting on the news, selling pressure in near term... damn, i accumulated the share too early at price 0.31

Posted by SuperPanda > 2019-05-03 09:44 | Report Abuse

if price drop further to .26 today, cl and move on

Posted by NoEmo > 2019-05-03 09:49 | Report Abuse

Can start trade entry at 245 and average down to 21 as brent oil will hit bottom at usd59.5pb in the worst case scenario.

Posted by Ho Sook Ching > 2019-05-03 09:59 | Report Abuse

I give up

Posted by TheContrarian > 2019-05-03 18:18 | Report Abuse

Added @ 26.5 sen this morning.

Posted by NoEmo > 2019-05-03 21:34 | Report Abuse

Expecting one step hell, one step heaven.

Posted by ramada > 2019-05-03 21:46 | Report Abuse

Directors disposing heavily recently.

Posted by adamdacutie > 2019-05-06 09:45 | Report Abuse

Bye-bye reach must be a very horrific quarter

Posted by paktua73 > 2019-05-06 09:58 | Report Abuse

manage eat at 0.255..
paktua will adds more if down more

tut tut
love red sea

Posted by paktua73 > 2019-05-06 12:33 | Report Abuse

ok done for morning season..
let see this evening..
can break or not wall 0.25

tut tut
will wait at 0.23 to reload again

Posted by TheContrarian > 2019-05-06 13:08 | Report Abuse

Added at 25.5 sen.

Posted by SuperPanda > 2019-05-07 11:33 | Report Abuse

new ave at .29 but a bit sceptical on why ceo disposing big chunk on its shares

-ve perception
1-company cannot pay debt, cash call soon
2-next report still losing
3-ceo to step down

+ve perception
1-ceo to reduce stake due to new stakeholders
2-ceo to reduce stake due to m&a

i believe reach will be good bet based on the current oil price margin and the value of its asset, but they might need to do corporate exercise either by pp, cash call or debt refinance.

any outcome for above, cash call will be the most possible outcome but it will depress the price further down

Posted by SuperPanda > 2019-05-07 11:35 | Report Abuse

keeping cash to collect at bottom .22 if it comes

Posted by Ron90 > 2019-05-07 14:27 | Report Abuse

why still wanna collect when the future is looming ??

Posted by SuperPanda > 2019-05-07 15:04 | Report Abuse

the future is rely on oil price... which i think will be fully supported by opec

as for the cash flow, significant improvement from prev years to 2018

2017 : almost -80m
2018 : almost +80m

Posted by SuperPanda > 2019-05-07 15:06 | Report Abuse

its always a risk buying a high debt stock, if it drop to your limit, jst cut loss and move on

Posted by VFTRADER > 2019-05-08 08:47 | Report Abuse

International fund started pressing down oil px in this 2 mths to chase most of the investors out from the market for them to buy low. They are betting on the yearly event so call tornado crash into Mexico Gulf in early CQ3 and force major refineries to shut down which will push oil px up.

So will the tornado coming this year???? only time can tell.

Posted by Jeffrey Ng > 2019-05-08 11:10 | Report Abuse

who still keeping at .505?? who still thinking to have faith to go up 0.70 by end of this year? hahha....

Posted by newbie_2016 > 2019-05-08 12:13 | Report Abuse

excerpt from Annual Report 2018

"We continue to be optimistic and excited by the
prospects of Reach Energy and Emir-Oil that are waiting
to be unearthed as we seek further growth, profitability
and optimisation opportunities to progress and develop
the Company. To our shareholders, we hope you will
continue to retain your ownership of our Company as we
strive to maximise your value"

wah so optimistic one.. looks like long term plan... uncle pon sudah tua

Posted by Ron90 > 2019-05-09 13:38 | Report Abuse

perhaps this one not follow Sumatec ..main problem is the ceo, not competent

Posted by newbie_2016 > 2019-05-09 15:09 | Report Abuse

sumatec gone case?

Posted by sell > 2019-05-10 02:46 | Report Abuse

Probably. If not why director keep selling?

Posted by newbie_2016 > May 9, 2019 3:09 PM | Report Abuse
sumatec gone case?

Posted by sell > 2019-05-10 02:47 | Report Abuse

Price
IR SHAHUL HAMID BIN MOHD ISMAIL 23-Apr-2019 Disposed 40,000,000 0.281 View Detail
IR SHAHUL HAMID BIN MOHD ISMAIL 11-Apr-2019 Disposed 25,000,000 0.280

Posted by sell > 2019-05-10 02:47 | Report Abuse

65 million shares sold at 28 sen could be next Sumatec?

Posted by teoh1128 > 2019-05-13 12:16 | Report Abuse

if it is next Sumatec who is the buyer ?IR SHAHUL HAMID BIN MOHD ISMAIL is not selling in the open market.

Posted by SuperPanda > 2019-05-15 00:02 | Report Abuse

market is irrational, look for end year target. debt will be managed if cash flow continue good

accumulate below 0.26

Posted by Ron90 > 2019-05-15 03:17 | Report Abuse

8 QR in the red..if the 9th olso in the red.. instead of continue to accumulate, better use that money else where stock with better potential, and cut loss your position. Destini would provide better potential than this one..same cost

Posted by SuperPanda > 2019-05-15 05:36 | Report Abuse

dont be so naive, diversify your holding

if you wanna bet on o&g driller, destini is different category

Posted by SuperPanda > 2019-05-15 05:38 | Report Abuse

btw, im only paper loss a bit and only hold small lot here

Posted by coolio > 2019-05-15 08:20 | Report Abuse

too good not to join at this price...

Posted by SuperPanda > 2019-05-17 00:51 | Report Abuse

.24 will be the lowest support now, i dont think it will down below .24 or .245 again so tomorrow will queue at .25

Posted by 7300 > 2019-05-17 00:57 | Report Abuse

crude oil strong rebound,,....O&G theme play ,expected market bottom out will be the sector to lead again!