REACH ENERGY BHD

KLSE (MYR): REACH (5256)

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Last Price

0.03

Today's Change

0.00 (0.00%)

Day's Change

0.03 - 0.03

Trading Volume

20,000


9 people like this.

19,233 comment(s). Last comment by bizbro 2 days ago

Nickhii90

61 posts

Posted by Nickhii90 > 2023-03-30 16:41 | Report Abuse

wao...

hoot9e996

1,813 posts

Posted by hoot9e996 > 2023-03-30 16:45 | Report Abuse

.... should have chased this morning.....

LOOK009

1,058 posts

Posted by LOOK009 > 2023-03-30 16:46 | Report Abuse

Reach Energy: Completes debt settlement exercise, to see Super Racer emerge as major shareholder. Hong Kong-based Super Racer Ltd (SRL) is to emerge as the new major shareholder of Reach Energy with a 48.5% stake after the oil and gas (O&G) exploration and production (E&P) company completed its debt settlement exercise. This came after the listing of 1.03bn shares in Reach Energy slated for SRL at 20 sen apiece, as part of the company’s debt settlement exercise to settle RM206.51m or 76% of the debt it owes to SRL. (The Edge)

TheContrarian

8,621 posts

Posted by TheContrarian > 2023-03-30 16:48 | Report Abuse

Go, go, go Reach.

hoot9e996

1,813 posts

Posted by hoot9e996 > 2023-03-30 16:51 | Report Abuse

new shareholder debt settlement 1b shares at 20c long way to go man.
goreng up to 20c? or 10c+ then issue more shares?

mystery

489 posts

Posted by mystery > 2023-03-30 16:53 | Report Abuse

Goreng up to 20c x 3 = 0.60 can?

Nickhii90

61 posts

Posted by Nickhii90 > 2023-03-30 16:53 | Report Abuse

change boss then shares up?

Posted by newbie_2016 > 2023-03-30 16:58 | Report Abuse

iyoo... no wonder cannot get 4 - 4.5 sen these couple of days... deng

pang72

47,472 posts

Posted by pang72 > 2023-03-30 17:01 | Report Abuse

What is up on gorek oil?
Issue share 20c a piece but share price at 7c?
I don't understand, unless Reach worth 20c by new boss, Hongkie leh

Posted by newbie_2016 > 2023-03-30 17:01 | Report Abuse

@TheContrarian... just to pick your brain.. if the Hongkie shareholder cost is 20 sen... his profit how much? if say 50%, then mathematically his target price is 30 sen or above no??? What do you think sifu?

TheContrarian

8,621 posts

Posted by TheContrarian > 2023-03-30 17:05 | Report Abuse

Reach assets are the oil fields in Kazakhstan. The oil is there, just need to pump it out.

pang72

47,472 posts

Posted by pang72 > 2023-03-30 17:06 | Report Abuse

Ya lo... He bought 20c.
So, he saw the future of Reach to be >20c logically speaking

Posted by newbie_2016 > 2023-03-30 17:12 | Report Abuse

thanks for confirming my understanding... makes sense now... no wonder price is going up today once Honkie shareholder's thru the door

TheContrarian

8,621 posts

Posted by TheContrarian > 2023-03-30 17:31 | Report Abuse

Reach going to make some of us rich.

Posted by newbie_2016 > 2023-03-30 17:37 | Report Abuse

Amen to that!! I remember you said your entry cost 3-4 sen... well played sir!!

jasontan1177

1,768 posts

Posted by jasontan1177 > 2023-03-31 09:20 | Report Abuse

Reach getting 20 m loan again to fund working capital....later get another 20m again and again till owning the HK guys 100m to 200m again.
aiyo by that time debt settlement issue share at 5 cents for 4 billions shares ?

yiqqre

903 posts

Posted by yiqqre > 2023-03-31 09:23 | Report Abuse

I heard that it will skyrocket in the afternoon.

Nickhii90

61 posts

Posted by Nickhii90 > 2023-03-31 09:42 | Report Abuse

fasten your seat belt

Posted by Joel Jebaraj > 2023-03-31 09:57 | Report Abuse

The beginning or the end? Lets wait to see the outcome of this

JuliusCeasar

1,216 posts

Posted by JuliusCeasar > 2023-03-31 12:11 | Report Abuse

Agree this afternoon could be skyrocket!

Posted by newbie_2016 > 2023-03-31 13:06 | Report Abuse

@JuliusCeaser dont get your hopes too high... no rocket... no sky... lol

Orson Chin

2,012 posts

Posted by Orson Chin > 2023-03-31 15:45 | Report Abuse

The Hong Kong Zai Bo buy …. The debt transfer to share only …

Don’t forgot … reach buy oilfield from this hong kong zai ….. but in the end reach return to his hand ….. all money gone

Nickhii90

61 posts

Posted by Nickhii90 > 2023-03-31 15:50 | Report Abuse

only power for 1 day. haha

TheContrarian

8,621 posts

Posted by TheContrarian > 2023-04-03 09:40 | Report Abuse

Vroommmmmmmmm

JuliusCeasar

1,216 posts

Posted by JuliusCeasar > 2023-04-03 12:17 | Report Abuse

Hmnmmn! Nice

Posted by newbie_2016 > 2023-04-03 13:55 | Report Abuse

Nice!!!

Posted by newbie_2016 > 2023-04-03 13:56 | Report Abuse

Vroommmmmmmmm Vroommmmmmmmm

hoot9e996

1,813 posts

Posted by hoot9e996 > 2023-04-03 21:33 | Report Abuse

vroom vroom ..... tomorrow how ?
https://www.theedgemarkets.com/node/661917
pn17 triggered

JuliusCeasar

1,216 posts

Posted by JuliusCeasar > 2023-04-04 08:49 | Report Abuse

Just Look n see today this morning what happen!

KimSua

416 posts

Posted by KimSua > 2023-04-04 08:50 | Report Abuse

Opportunity or stay away?

hoot9e996

1,813 posts

Posted by hoot9e996 > 2023-04-04 08:52 | Report Abuse

yeah this pn17 is discount is got panic sell. get ur bullets ready!!!

EvoDeer

331 posts

Posted by EvoDeer > 2023-04-04 09:10 | Report Abuse

3+ cent ,,Add more more

hoot9e996

1,813 posts

Posted by hoot9e996 > 2023-04-04 09:11 | Report Abuse

last few days vroom vroom..... gone

Posted by Iamnotasifu > 2023-04-04 09:13 | Report Abuse

Gg lj stock

jasontan1177

1,768 posts

Posted by jasontan1177 > 2023-04-04 09:15 | Report Abuse

go report MACC la , all the deals got issue one. issued 1B share and now comp go in PN 17.
what type of company management skill ? also now loan 20 m plus from the HK guy again

KimSua

416 posts

Posted by KimSua > 2023-04-04 09:15 | Report Abuse

Could be a good gamble below 4 cents

jasontan1177

1,768 posts

Posted by jasontan1177 > 2023-04-04 09:16 | Report Abuse

some boss do value creation ... but this Reach is .....

jasontan1177

1,768 posts

Posted by jasontan1177 > 2023-04-04 09:19 | Report Abuse

RI or PP at 2 cents may be.

EvoDeer

331 posts

Posted by EvoDeer > 2023-04-04 09:19 | Report Abuse

Holding power ,,gamble try to frightened uuuuu

Posted by birkincollector > 2023-04-04 09:20 | Report Abuse

pity those bought high

jasontan1177

1,768 posts

Posted by jasontan1177 > 2023-04-04 09:25 | Report Abuse

wala HK guy buy 1 b ar 20 cents leh....now 4.5 cents leh...wei buy la wei...

jasontan1177

1,768 posts

Posted by jasontan1177 > 2023-04-04 09:26 | Report Abuse

ong 9 9

Nickhii90

61 posts

Posted by Nickhii90 > 2023-04-04 09:40 | Report Abuse

buy while still cheap. hoot 99

mystery

489 posts

Posted by mystery > 2023-04-04 09:47 | Report Abuse

GG.com

nicholas99

9,844 posts

Posted by nicholas99 > 2023-04-04 09:59 | Report Abuse

.com gg

davidts95

240 posts

Posted by davidts95 > 2023-04-04 10:01 | Report Abuse

Hoot 9 e....

KimSua

416 posts

Posted by KimSua > 2023-04-04 10:52 | Report Abuse

Expect more selling pressure as last 3 trading days of 80 mil shares transaction. How long can they hold ? Or will they cut lost?

JuliusCeasar

1,216 posts

Posted by JuliusCeasar > 2023-04-04 12:24 | Report Abuse

Syndicates take opportunity by buying those shares. It won't go up now!!! Hibernate 4.5c-5c.

rev588

80 posts

Posted by rev588 > 2023-04-04 13:10 | Report Abuse

another one join the family

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