up to today 7 Jul, no announcement that new substantial shareholder emerge? Seem like there is no big player coming in, or the ticket was actually sell at open market?
but in current situation, warrant exercise price 0.75? who will give 0.75 to convert, sot jor, ppl can buy mother shares at 0.04 directly, 0.75/0.04 = 18.75
Hve to monitor and aware of happenings Russia/Ukraine war since Reach directly in Kazakhstan and affected by the spillover of sentiments and oil market and sanctions on Russia.
Some of the developments over the last week include:
a. Investors have begun to sell rallies rather than ‘buy the dip’ as the bear market has taken hold during the second quarter.
b. Russia has defaulted on its debt for the first time since 1918 as sanctions have prevented the country making payments.
c. A shortage in U.S. oil refining capacity is maintaining the upward pressure in fuel prices despite the oil price falling from recent highs.
outlook oil & gas by REACH operations still looks encouraging and potential
While other parts of the world witnessed rising on inflation and fear of recession in the horizon, tight supply in crude oil outweighs those fears. Brent oil futures ended higher last Friday at USD 111.
JP Morgan cautioned crude oil may skyrocket to USD190 amid G7 intend to pose price cap on Russian oil if Russia choose to retaliate to cut off crude oil supply to the G7. Worst case scenario, crude oil may rise as high as USD380 per barrel.
While in Malaysia, inflation remains low and unemployment rate dipped further. BNM is expected to raise OPR another 25 basis point this month and in August.
Close 0.035, till to date, no announcement that substantial shareholder Emerged, so the correct announcement MTD 10% shares are disposed in open market?
1.however the debtor has become a major shareholder at 0.20 cents. If this value is not worth it, will it buy ?? Just hold it haha but i add more thinking about it.
2. opportunities big shareholders may acquire the remaining stocks because they re already 50% and the second is that there is no need to pay interest every quarter......
3.SRL on the other hand willing to fork inject giv loan fund some more to REACH for operating exp.......hahaa its sounds interesting and positive..rite
Kazakhstan holds three percent of the world’s total oil reserves and it is the third-largest oil producer in the Caspian region, after Russia and Iran, but has a lack of direct access to the sea.
Novorossiysk on the Black Sea is the main route to export oil from the world's largest landlocked country, which accounts for about 90% of the terminal's total crude exports.
..After Proposed Debt Settlement
Direct Indirect
No. of Shares
(‘000)
% No. of Shares
(‘000)
%
Reach Energy Holdings Sdn Bhd 127,800 6.00 - -
MTD Capital Bhd 114,596 5.38 - -
Ir. Shahul Hamid Bin Mohd Ismail 981 0.05 127,800(i) 6.00
Tan Sri Dr. Azmil Khalili Bin Dato’
Khalid
56,643 2.66 43,150(ii) 2.03
Puan Sri Nik Fuziah Binti Tan Sri
Dr. Nik Hussein
40,000 1.88 59,793(iii) 2.81
Super Racer Limited(iv) 1,032,544 48.50 - -
Mr. Cheung(v) - - 1,032,544 48.50
Notes:
(i) Deemed interested through his direct interests of Reach Energy Holdings Sdn Bhd.
(ii) Deemed interested through his spouse, Puan Sri Nik Fuziah Binti Tan Sri Dr. Nik Hussein and
her direct interests of Azimah Properties Sdn Bhd.
(iii) Deemed interested through her spouse, Tan Sri Dr. Azmil Khalili Bin Dato’ Khalid and her direct
interests of Azimah Properties Sdn Bhd.
(iv) Super Racer Limited will emerge as a substantial shareholder of REB upon com
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....
luckaje
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Posted by luckaje > 2022-07-07 17:04 | Report Abuse
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