my projection... in case MIEH still want Reach to settle the debt and reach cannot serve, m&a might take place where reach can dispose half of its ownership to another party.. this what done by sapnrg on its drill segment
it cannot run from corporate exercise due to its insufficient fund for capex and debt payment so m&a is the best option
for half of its asset, will be worth >300m based on its book value
is this happen, that would be big good news on top of license extension and CPF development
Are you people speculating or buying on current scenario?????If things go according to plans...reach by 4th Qtr of 2019 will show results you will never dream of...My neutral price for Reach at end Dec2019 is 0.58 per share before dilution.And dilution is price positive...If Crude stays above USD70 ...my bet is for Reach to achieve a price of 0.39 after dilution...GOOD LUCK to all present imvestors
MY opinion is most likely 1;1 Right issue at 0.50 oer share for he new issue THat would raise abt RM500million for the company to utilise
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
B4b4
7,594 posts
Posted by B4b4 > 2019-07-10 08:38 | Report Abuse
I prefer to wait till the end of 2019 to see how Reach settled the RM 300m debts