Posted by mystery > 2022-07-01 15:06 | Report Abuse

yes, the market price of reach does not matter to him, whether operators press or block or what towards open market shares, is irrelevant to him, he just want the controlling power of Emir Oil.

Posted by TheContrarian > 2022-07-01 15:15 | Report Abuse

Emir Oil if managed properly will generate substantial amount of profits with Brent crude oil price now steadily above USD100 a barrel.

Posted by billionman > 2022-07-01 15:24 | Report Abuse

emmmm..but why price heavy to move..down pressure dominance

Posted by billionman > 2022-07-01 15:30 | Report Abuse

1096+ billion shares (existing) + 1032+ bil shares ( to SRL - offset debt settlement ) ..total of 2127 billion shares...dilution wise how? TP

Posted by mystery > 2022-07-01 15:50 | Report Abuse

EPS divide by 2 lo, since share number increase x2

Posted by looiting > 2022-07-01 15:57 | Report Abuse

Now , everyone know how they REACH their final destination

Posted by TheContrarian > 2022-07-01 15:59 | Report Abuse

Yes, EPS will be halved. Now it's Loss Per Share most of the time because existing controlling shareholders are useless. The tycoon will turn around Emir Oil, engage the Kazakhstan government better. Kazakhstan no scared of Malaysian shareholders. The tycoon has backing of the China government.

Posted by TheContrarian > 2022-07-01 16:00 | Report Abuse

China will in future buy more oil from Kazakhstan since Emir Oil will be controlled by Hong Kong tycoon.

Posted by adikkici > 2022-07-01 17:04 | Report Abuse

Then today the price not moving up, what's the black sheep? red DJI? oil price down?

Posted by TheContrarian > 2022-07-01 17:45 | Report Abuse

Today, in fact this whole week, contra players have been slaughtered.

Posted by Bright888 > 2022-07-02 06:24 | Report Abuse

So many people talk and analyst, just buy at less than 20s la. A tycoon from HK bought 1.032b shares at 20s for debt settlement of RM 206.5m, Reach reduces its debt . Futhermore , this tycoon is helping to get fund of USD 5m for Reach to do more drilling.

Posted by billionman > 2022-07-02 06:44 | Report Abuse

longterm..chinese factor to secure oil for chinese future consumption....

Posted by B4b4 > 2022-07-02 06:58 | Report Abuse

Yes buy

Posted by billionman > 2022-07-02 09:25 | Report Abuse

question is for hoow long stalemate....revenue fm oil initiatives only materialised later .....time being be on side line

Posted by billionman > 2022-07-02 09:26 | Report Abuse

why MTD dispose........if anticipated good outlook??????????? why...MTD should hve hold then ..unlesssssssssss

Posted by yangyang330 > 2022-07-02 10:38 | Report Abuse

because mtd not money ，how mtd can hold

Posted by billionman > 2022-07-02 12:15 | Report Abuse

mtd selling at loss ayahhhh..why cannot wait or mtd itself problematic

Posted by adikkici > 2022-07-02 16:10 | Report Abuse

Mtd don't want 0.20
Hahahaha

Posted by yangyang330 > 2022-07-02 19:07 | Report Abuse

Disposal of shares by via direct business transaction，you know what is meaning

Posted by melkeng888 > 2022-07-02 19:58 | Report Abuse

means direct sell to specified person. weird why the volume so high.

Posted by melkeng888 > 2022-07-02 19:59 | Report Abuse

if not mistaken got one more major share holder that purchase direct thru MTD not in the picture yet.

Posted by melkeng888 > 2022-07-02 20:02 | Report Abuse

will it be related to SRL? look at it, if confirm emir oil got buyer from SRL. very lightly......emmmmm......

Posted by billionman > 2022-07-02 20:30 | Report Abuse

.Direct Business Transaction A contract for sale and purchase of securities transacted on
the stock market of the Exchange that is done outside the
ATS.

Posted by billionman > 2022-07-02 20:31 | Report Abuse

ats..automTic trading system

Posted by B4b4 > 2022-07-03 09:00 | Report Abuse

Revenue is good, buy

Posted by billionman > 2022-07-03 09:25 | Report Abuse

Posted by adikkici > 1 day ago | Report Abuse

Why the tycoon don't want buy 0.055 in open market ? But want to buy 0.20??
...........................................

issuance of new ordinary shares ....1032 plus billion shares at 0.20 cents and ..transaction being done via Direct Business Transaction DBT whereby a contract for sale and purchase of securities transacted on the stock market of the Exchange that is done outside the ATS.(automatic trading sys)......... already acquired by buyer.....but not yet pun on open market. once put sure dilution .............

debt barter trading with SRL

Posted by billionman > 2022-07-03 09:28 | Report Abuse

good move ....positive direction of the company to be competitive and sustainable

Posted by billionman > 2022-07-03 10:54 | Report Abuse

1, Emir Oil has oil reserves with book value of RM944 million or 86 sen per REB shares

2.REB would require significant funding commitment towards the development of the Emir Oil’s oil reserves before the value of the reserves can be realised

3. Though REB has been loss-making since its special-purpose acquisition company (SPAC) listing in 2014, with accumulated losses of RM365.84 million.

4. BUT In the first quarter ended March 30, 2022 (1QFY22), REB booked a net profit of RM366,000 on revenue of RM51.22 million, more than double from RM23.06 million the year before.

promising growth year to year + something of interest

Posted by TheContrarian > 2022-07-03 14:03 | Report Abuse

In the past a lot of profits have been eaten up by the high interest on the loans owing. With the debt conversion into equity, there will be significant savings on interest expense.

Posted by billionman > 2022-07-03 19:56 | Report Abuse

rite.....

Posted by jasontan1177 > 2022-07-04 09:09 | Report Abuse

last week AGM more than 40 percent shareholders voted against current board members . I wonder how the deal
will be approved by shareholders later.

Posted by jasontan1177 > 2022-07-04 09:10 | Report Abuse

yr reach dapat 20 cents. kami semua shareholder dapat lima cents .. aiyooooo

Posted by jasontan1177 > 2022-07-04 09:11 | Report Abuse

lagi mau bayar gaji kaw kaw sama itu very Hand On MD

Posted by mystery > 2022-07-04 09:35 | Report Abuse

as long as more than 50% approved in EGM, then the deal green line. LOL

Posted by citadel888 > 2022-07-04 09:37 | Report Abuse

dfxd

Posted by citadel888 > 2022-07-04 09:37 | Report Abuse

no people support keh?

Posted by mystery > 2022-07-04 09:50 | Report Abuse

Why support? share price cannot go above 0.075 support for what? ><

Posted by citadel888 > 2022-07-04 09:52 | Report Abuse

low price duwan support push up 20percent only support?? what's the logic

Posted by billionman > 2022-07-04 10:26 | Report Abuse

UPDATED 03 Jul, 2022
DATA Company Financials

simply wall Analysis on Reach.

Debt Level: REACH's net debt to equity ratio (182.5%) is considered high.

Reducing Debt: REACH's debt to equity ratio has increased from 63.1% to 188.7% over the past 5 years.

Cash Runway Analysis:
1. For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

2. Stable Cash Runway: REACH has sufficient cash runway for more than 3 years based on its current free cash flow.

Posted by mystery > 2022-07-04 10:50 | Report Abuse

very weird, if reach is good, why so many ppl disposed at 0.055?

Posted by 8899EL8899 > 2022-07-04 11:27 | Report Abuse

MTD did a failure business in REACH,......failed investment,........blame themselves no knowledge in oil & gas business,........

Posted by billionman > 2022-07-04 12:37 | Report Abuse

push luck or what

Posted by billionman > 2022-07-04 12:38 | Report Abuse

but after this new Rto..u can say it..reach...may get better likely

Posted by Raymond Tiruchelvam > 2022-07-04 13:35 | Report Abuse

Dennis8888 ....karma will find u, be nice

Posted by Raymond Tiruchelvam > 2022-07-04 13:35 | Report Abuse

Dennis8888 ....karma will find u, be nice

Posted by melkeng888 > 2022-07-04 15:08 | Report Abuse

if the price shoot up, many people wont support, may ask for more. seems like someone keep pressing the price from going up.

Posted by mystery > 2022-07-04 15:28 | Report Abuse

If they kept pressing, their tickets will be makan by those smart retailers at 0.055, in the end, lose their tickets?

Posted by TheContrarian > 2022-07-04 15:47 | Report Abuse

Buy at 0.055 and hold for the spike.

Posted by billionman > 2022-07-04 15:50 | Report Abuse

waiting for new issuance 1032 millions share into the market...already acquired by SRL via DBT .....

Posted by adikkici > 2022-07-04 16:19 | Report Abuse

Contra player cant hold this week.. no confirmation signal