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

0.02 - 0.025

Trading Volume

550,100


9 people like this.

19,254 comment(s). Last comment by newbie_2016 2 days ago

Posted by newbie_2016 > 2022-02-11 11:40 | Report Abuse

eating mee goreng is more satisfying... hahahha

Run Bull

238 posts

Posted by Run Bull > 2022-02-11 12:14 | Report Abuse

The chairman kayu, management batu. All useless. We are hopeless saja.. Huhuhu... :-(

Posted by newbie_2016 > 2022-02-11 15:20 | Report Abuse

previous QoQ improves.. I reckon coming Q will be better on the back of higher prices... hopefully not so "batu" and "kayu" aftr all...

izoklse

5,272 posts

Posted by izoklse > 2022-02-12 12:50 | Report Abuse

hope Kazakhstan not helping Russia in Russia Ukraine war.

TheContrarian

9,497 posts

Posted by TheContrarian > 2022-02-12 13:37 | Report Abuse

Kazakhstan supports Russia.

newguy0801

1,616 posts

Posted by newguy0801 > 2022-02-12 13:41 | Report Abuse

If Kazakhstan supports Russia, then there will be possibility of a sanction on the oil export of Kazakhstan. Then, you know the rest?

DonLee

503 posts

Posted by DonLee > 2022-02-13 19:40 | Report Abuse

wah if malaysia support russia. then petronas tutup kedai lor ?

aiyoooo

Posted by newbie_2016 > 2022-02-14 10:48 | Report Abuse

think weird Putin would want to go to war in this day and age! hmmm... but it seems that the West and their media is harping on war when people on the street is oblivious!

DonLee

503 posts

Posted by DonLee > 2022-02-14 12:32 | Report Abuse

may be get someone check with Bursa, is this comp selling pisang or oil ?

kikikiki

DonLee

503 posts

Posted by DonLee > 2022-02-14 12:34 | Report Abuse

oil price 50 60 REach traing at 7. brent now 95 also trading at 7 7.5 cents .

walao

Posted by newbie_2016 > 2022-02-14 15:15 | Report Abuse

audited by pwc dont play play one @DonLee

imho, Reach just need to start showing profits... think this Q421 is the infliction point...

Posted by newbie_2016 > 2022-02-14 15:16 | Report Abuse

volume is going north these couple of days... even with mtd selling their stake!!

651158

2,401 posts

Posted by 651158 > 2022-02-15 08:14 | Report Abuse

Nothing happen to reach, oil up price no up,oil down price following down

Omigod

8 posts

Posted by Omigod > 2022-02-15 11:35 | Report Abuse

https://www.lada.kz/aktau_news/society/98998-sotrudniki-emir-oyl-predupredili-rukovodstvo-o-priostanovke-raboty-v-mangistau.html

Emir Oil (Reach subsidiary) employees ready to strike for unsafe conditions onsite

DonLee

503 posts

Posted by DonLee > 2022-02-15 12:25 | Report Abuse

the management of Reach the entire board should responsible for this mismanagement

DonLee

503 posts

Posted by DonLee > 2022-02-15 12:31 | Report Abuse

據該公司員工稱,投資者不注意安全,不遵守。這種情況在第一年就已經展開。

同時,公司管理層解雇了被指控違反技術安全的員工。

如果在 10 天內他們不能解決他們的問題,正如 Emir-Oil LLP 的員工所申請的,他們將停止工作。

該視頻地址由 Emir-Oil LLP 的員工於今天 2 月 9 日錄製。

DonLee

503 posts

Posted by DonLee > 2022-02-15 12:31 | Report Abuse

Emir-Oil 的員工已警告管理層暫停 Mangistau 的工作
Emir-Oil LLP 的員工在視頻中解釋了他們向公司管理層提出索賠的原因。

DonLee

503 posts

Posted by DonLee > 2022-02-15 12:32 | Report Abuse

makan kaji goyang kaki in malaysia.

pls fly the entire board to Kazah to settle this issue .

DonLee

503 posts

Posted by DonLee > 2022-02-15 12:51 | Report Abuse

not settle no need to come back malaysia. stay there do onsite work, since worker on strike soon

Posted by newbie_2016 > 2022-02-15 13:42 | Report Abuse

haiyaaaa.. why cheapskate on employees... price is north of USD$90 oledy... time to make money!!$$$$$

Posted by newbie_2016 > 2022-02-15 13:43 | Report Abuse

plus Reach got local people as board members! Come on Reach!!!

Posted by newbie_2016 > 2022-02-15 17:01 | Report Abuse

weird la if they didn't do due diligence before buying... oil is gold these days.. just need to show profits I reckon

Posted by newbie_2016 > 2022-02-15 19:09 | Report Abuse

better eat mee goreng like I said... and watch the (non)show... lol

Apastock

158 posts

Posted by Apastock > 2022-02-15 20:36 | Report Abuse

yes u are right, me gireng Kari nice taste

izoklse

5,272 posts

Posted by izoklse > 2022-02-16 01:25 | Report Abuse

mtd keep disposed share to whom ??

Posted by ♠ Mr. ACE > 2022-02-16 01:30 | Report Abuse

Hmmm.. tomorrow wonder if any good chance?

Posted by newbie_2016 > 2022-02-16 12:00 | Report Abuse

hahaha no show....

Omigod

8 posts

Posted by Omigod > 2022-02-16 13:21 | Report Abuse

MIE Holdings disposing of their 40% interest in Emir Oil to Hammer Capital for $55 million, as part of loan repayment

http://www.mienergy.com.cn/e/ir/announcements/631.html

Posted by newbie_2016 > 2022-02-16 14:17 | Report Abuse

i saw chairman statement in 2020 annual report said they want to refinance the borrowings... with brent up north should be easier to refinance no?

DonLee

503 posts

Posted by DonLee > 2022-02-16 14:22 | Report Abuse

Reach should go up with this news . Market cap at 76m RM at 7 cents ,

60 percent of Omir oil is worth 82.5 M usd
82.5 x 4 = 330m

DonLee

503 posts

Posted by DonLee > 2022-02-16 14:50 | Report Abuse

announce dividen 20 to 30 cents a shares pls

Posted by newbie_2016 > 2022-02-16 15:00 | Report Abuse

just thinking out loud, if MIE wants to buy back the 60%, the moment they breach 5% significant holding, have to declare to Bursa right? Then all hell should break loose.. coz uncles and aunties would smell M&A oledy... then price shoot north (hypothetically lah)

DonLee

503 posts

Posted by DonLee > 2022-02-16 15:07 | Report Abuse

MIE is HK company . they holding 40 % of Omir oil, selling to buyer Tsang at 55 m usd.
Reach holding 60 % of Omir oil.

can get Tsang to buy the 60% shares from Reach at 400M ?
Reach can get back the 400m and pay dividen to us

Posted by newbie_2016 > 2022-02-16 16:00 | Report Abuse

just wondering, if Emir Oil is that bad, Tsang will not be buying? He is an astute investor right? buying low selling high yes? whaddaya think?

Posted by newbie_2016 > 2022-02-16 16:04 | Report Abuse

M&A on the pipeline/horizon you guys reckon?

Posted by newbie_2016 > 2022-02-16 16:37 | Report Abuse

new shareholder coming in?

Posted by newbie_2016 > 2022-02-16 17:00 | Report Abuse

hahahahah... smart move mie.. coming in by selling the remaining 40%.. smart!!!

Posted by newbie_2016 > 2022-02-16 18:00 | Report Abuse

yup agreed @melkeng888... thats why I said smart move by mie...

dispose 40% to Tsang (friendly party??)
then later buy from open market at 10 sen for circa 11-12% stake
gain 52% control right?
check mate!! wow like a game of chess

Posted by newbie_2016 > 2022-02-16 18:00 | Report Abuse

yup agreed @melkeng888... thats why I said smart move by mie...

dispose 40% to Tsang (friendly party??)
then later buy from open market at 10 sen for circa 11-12% stake
gain 52% control right?
check mate!! wow like a game of chess

Posted by newbie_2016 > 2022-02-16 18:06 | Report Abuse

what you got insider info @melkeng888?

Orson Chin

2,079 posts

Posted by Orson Chin > 2022-02-17 00:01 | Report Abuse

He buy 25% share from reach … then he can become ceo at reach …
Then the emir oil still belong to them ..

Posted by newbie_2016 > 2022-02-17 10:48 | Report Abuse

@DonLee if that is true, limit up oledy lah boss... every tom dick and harry uncles and aunties would have jumped on the bandwagon by now..
new shareholder have to declare to Bursa their stake when it breaches 5% yes?

651158

2,401 posts

Posted by 651158 > 2022-02-22 20:42 | Report Abuse

All the time sleep

651158

2,401 posts

Posted by 651158 > 2022-02-22 20:43 | Report Abuse

Waiting it up already die lo

jasontan1177

1,768 posts

Posted by jasontan1177 > 2022-02-24 13:11 | Report Abuse

Cantek

BILLC

2,047 posts

Posted by BILLC > 2022-02-24 14:19 | Report Abuse

Beware of selling down by mtd again,,,,

Posted by yangyang330 > 2022-02-24 18:59 | Report Abuse

i have some question ,if 40%can sell 5500m usd,why mtd sell 0.07,anyone can know why

TheContrarian

9,497 posts

Posted by TheContrarian > 2022-02-24 19:43 | Report Abuse

MTD margin call sell down.

Posted by yangyang330 > 2022-02-25 16:31 | Report Abuse

MI sell 40% 5500m usd,why reach not sell together,and give back money to us,have 0.45sen,who can go to agm tell the boss,let us happy

freddiehero

16,722 posts

Posted by freddiehero > 2022-02-25 16:54 | Report Abuse

oh cantik..

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