REACH ENERGY BHD

KLSE (MYR): REACH (5256)

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Last Price

0.025

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


9 people like this.

19,254 comment(s). Last comment by newbie_2016 3 days ago

Ron90

4,126 posts

Posted by Ron90 > 2019-05-17 01:16 | Report Abuse

CEO enjoy all the benefits, living in lavish style using investors money, got fat salary, allowances, stock, warrant.. and in return..produce nothing from 22 Billion mc company.

same boat with sumatec boss

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-05-17 09:49 | Report Abuse

CEO build the business and its was not easy building one from scratch.

and the problem with the business is not due to its fault. its the oil price.

if you believe in the sector recovery, then it should be the main reason buying it in the first place

Posted by more_n_more > 2019-05-17 10:30 | Report Abuse

buy buy buy...
goreng goreng goreng....

Posted by ckkhor0722 > 2019-05-17 15:41 | Report Abuse

next week Qr report will out right?

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-05-21 14:51 | Report Abuse

barakah has received PN17 notice, reach have the same risk too, trade carefully

perdana lucky bcoz has dayang to cover

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-05-22 01:33 | Report Abuse

perdana post big loss and velesto too, chance of green report seems difficult for o&g counter

Posted by Chun Loke Low > 2019-05-22 08:36 | Report Abuse

Borrowings should not have problem since the highest sum borrower was from shareholder of subsidiary

Posted by Jonathan Keung > 2019-05-22 08:41 | Report Abuse

best to wait for latest QR

Posted by more_n_more > 2019-05-23 10:46 | Report Abuse

R.I.P

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-05-23 14:48 | Report Abuse

If quarter lower loss but increase in revenue, might give some help

but if bigger red and lower revenue, then no hope

Posted by more_n_more > 2019-05-24 10:58 | Report Abuse

Revenue over 100, then ok
Revenue less 100, no hope

Posted by ckkhor0722 > 2019-05-24 14:56 | Report Abuse

I dun thk over than 100. Better than last quater ad enough.

Posted by more_n_more > 2019-05-24 15:21 | Report Abuse

may be Revenue 50 only....
all shareholders eat BOOOOMMMMMMMMMMMMM

Posted by Chun Loke Low > 2019-05-25 18:32 | Report Abuse

Chill. Since when penny stock has good prospects orh? Just wait for a one-time comeback if you can hold long lor.

sn2k

13 posts

Posted by sn2k > 2019-05-27 11:48 | Report Abuse

QR suppose to be announced on 25-5-19. Until now still no news. Must be very bad quarter again. No eye see liao.

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-05-27 12:08 | Report Abuse

alam reported loss but price dont go down, armada turn profit but price dont go up

its not only abt red or green, its abt their revenue and profit

Posted by more_n_more > 2019-05-27 15:25 | Report Abuse

revenue over 100, fly fly fly
revenue less 100, die die die

Posted by foreverchung > 2019-05-27 17:38 | Report Abuse

congrats sn2k, ur hunch good, better luck next time :(

How about -12m?

bylkw2

144 posts

Posted by bylkw2 > 2019-05-27 17:39 | Report Abuse

ceo said to be back in black, but now in red again haha

Posted by EatCoconutCanWin > 2019-05-27 17:59 | Report Abuse

lppl

Posted by WeiZian Chin > 2019-05-27 18:11 | Report Abuse

sien lo

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-05-27 18:31 | Report Abuse

revenue drop and continue loss, how to pay back debt

ramada

3,955 posts

Posted by ramada > 2019-05-27 18:37 | Report Abuse

Lost more than RM20 million but EPS diluted 1 sen only. I'm speechless.

Posted by ckkhor0722 > 2019-05-27 18:38 | Report Abuse

really sien ....

Posted by Chun Loke Low > 2019-05-27 18:41 | Report Abuse

At least better than last year and last quarter. Seems promising.

Posted by ckkhor0722 > 2019-05-27 18:43 | Report Abuse

ya , at least better la. hope will become more and more gd

Posted by WeiZian Chin > 2019-05-27 21:02 | Report Abuse

PROSPECT
Throughout 2019, we will continue our efforts to strengthen our core business through the following clear goals: i) Increase oil
production from existing wells; ii) Reduce production cost; iii) Mature our development-ready fields into commercial production
licenses; and iv) Conduct strategic exploration drilling, studies and geological modelling.

can believe bo?

Posted by birkincollector > 2019-05-27 21:39 | Report Abuse

must learn from hibiscs

tan81

86 posts

Posted by tan81 > 2019-05-27 23:53 | Report Abuse

Pn17 in the making....
Debt going to burst.

Posted by Chun Loke Low > 2019-05-28 00:26 | Report Abuse

I think what they wrote in the quarter report won't be too far off from the truth because they have to go through financial authority. So I choose to trust them.

Posted by newbie_2016 > 2019-05-28 09:14 | Report Abuse

wow ebitda positive already.. good sign!!

Posted by newbie_2016 > 2019-05-28 13:08 | Report Abuse

@Chun Loke Low, ya lor.. pwc gave them a clean report sum more... if not, already impaired already.. auditors must have been satisfied with the evidence no?? pwc sum more.. dun play play one

hoowk77

438 posts

Posted by hoowk77 > 2019-05-28 16:38 | Report Abuse

Nett loss 12.755 mil better than last preceding Q. Improvement...lets wait for Q2

Brutus121

481 posts

Posted by Brutus121 > 2019-05-28 16:56 | Report Abuse

Another counter great for "Akan Datang" Addicts

Posted by newbie_2016 > 2019-05-28 17:46 | Report Abuse

@Brutus121 , this keeps uncle going.. dont we live for the future.. whatever future awaits? warrent buffett says long term.. i juz hope i live long enuf to see reach soaring like an eagle.. but then thats just my wish..

coolio

620 posts

Posted by coolio > 2019-06-02 21:47 | Report Abuse

into my watch list..

paktua73

18,351 posts

Posted by paktua73 > 2019-06-03 16:31 | Report Abuse

finaly paktua win bet big some at 0.23
now manage avrrge down some more

tut tut
always mark on his word

paktua73

18,351 posts

Posted by paktua73 > 2019-06-03 17:40 | Report Abuse

paktua resminya bercuti panjang until next monday..
pada semua paktua mohon maaf atas segala tingkah lakukasar or biadap bicara..
dengan rendah hati sebagai insan biasa di muka bumi ini
dengan lafaz maaf zahir batin..
salam sayang pada semua rakan di i3 forum..

paktua will enjoy holiday with all beloved wife n all sweet children..


tut tut
selamat aidilfitri dan maaf zahir batin
pada semua

moneypedia

5,987 posts

Posted by moneypedia > 2019-06-03 17:45 | Report Abuse

selamat hari raya paktua maaf zahir batin jua jika ada silap salah memperkotak katik ayam katik ayam hutanism di i3 juga...salah silap maafin bersama. badai dan duri dilupakan intuk kesejahteraan bersama ya.mmkosobg kosong

moneypedia

5,987 posts

Posted by moneypedia > 2019-06-03 17:45 | Report Abuse

alamak typo plak

Gilastock

31 posts

Posted by Gilastock > 2019-06-07 20:22 | Report Abuse

This stock will going to pn17????

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-06-08 05:19 | Report Abuse

nope but cash call might happen soon in ths year if cannot refinance debt

nta valuation still good might go into m&a if hve party interested

the main prob every year said will return to black and increase to 5k bbl but never happen, 3k also hard to reach

but i will buy some next mon since it went below oversold now, bet on tech rebound

Gilastock

31 posts

Posted by Gilastock > 2019-06-08 17:21 | Report Abuse

Cash call meant right issue?? But the price very low ald oh

paktua73

18,351 posts

Posted by paktua73 > 2019-06-10 09:53 | Report Abuse

manage grab big some more at 0.23
now hold big here..
done at here will hold a bit long here

tut tut
letak dalam peti kayu tanam dlm salji

Gilastock

31 posts

Posted by Gilastock > 2019-06-10 11:09 | Report Abuse

What meaning for letak dalam peti kayu tanam dalam salji

paktua73

18,351 posts

Posted by paktua73 > 2019-06-10 11:27 | Report Abuse

meaning put for mid term holding until rebound back 0.32

tut tut
believe will rebound back on end this year

siaoliao

917 posts

Posted by siaoliao > 2019-06-10 11:43 | Report Abuse

wah really ....then i buy some for bet liao......hehehe tutututu

Posted by newbie_2016 > 2019-06-10 17:15 | Report Abuse

wow what happened? whos dumping? and whos collecting??

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-06-10 18:20 | Report Abuse

market react on its non performing result and worry on its debt which required refinancing which due by this year

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-06-10 18:27 | Report Abuse

it has broken support and we might see 20c later, need to hold for good news to rebound

- pending license approval for yessen-1 and yessen-2
- debt defer application for 309.4m owe to MIE Holdings
- oil price must be back to >70

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