Posted by qingqingqing > 2016-09-21 21:12 | Report Abuse

No news;no announcement, no rumors, nothing in this SPAC....really SPECIAL

Posted by sengkee > 2016-09-21 22:09 | Report Abuse

Why so hurry? Another ICap style. Lol

Posted by ruslimz > 2016-09-26 05:14 | Report Abuse

no more future SPAC.......

Posted by TheContrarian > 2016-10-07 23:27 | Report Abuse

I bought Cliq made money, bought Sona made money, bought Reach made money, now bought RSena making money.

Posted by TheContrarian > 2016-10-08 14:56 | Report Abuse

I spread my portfolio, SPACs gave risk-free returns more superior than FD. No risk of capital loss, guaranteed profit. Sona I made almost 20%. Reach currently showing paper gain of 20%.

Posted by speakup > 2016-10-08 17:31 | Report Abuse

% is not important. RM is important.
my friend made 100% profit in Airasia but in terms of RM, he only made rm6k. my skpetro only up 20% but made me RM10k.

Posted by mhchai > 2016-10-09 13:35 | Report Abuse

traderman, still waiting econbhd at RM1.3?

Posted by speakup > 2016-10-12 22:44 | Report Abuse

Volume quite high past few days. I think yield investors like Credit Suisse/PAG are making their move in RSENA.

Posted by TheContrarian > 2016-10-12 23:23 | Report Abuse

Credit Suisse/PAG still distracted at Reach.

Posted by TheContrarian > 2016-10-13 18:12 | Report Abuse

Closed at 42.5 sen.

Posted by ivan9511 > 2016-10-13 21:09 | Report Abuse

wa, why TheContrarian you also like this counter,
this is a goreng counter ?
sorry If I am wrong
because as I know you only will see good counter
this is good , can tell me if you willing , thanks first ?

Posted by TheContrarian > 2016-10-14 00:13 | Report Abuse

ivan9511, I stopped playing goreng counters for a long time after making enough to buy a home. Now I mostly go for safe counters that can make at least 10%, safe in the sense can't lose my investment. Red Sena is not goreng counter but once it goes up it doesn't come down much. It's as safe ad money in fixed deposit and gives a yield on excess of 10%. I bought at 40.5 sen a few weeks ago.

Posted by TheContrarian > 2016-10-14 00:14 | Report Abuse

safe as fixed deposit and gives a yield in excess of 10%.*

Posted by ivan9511 > 2016-10-14 17:09 | Report Abuse

helloe TheContrarian , sorry maybe I lack of knowdege
can ask you why you say safe

this is SPECIAL PURPOSE ACQUISITION COMPANY and recently qr loss money

if you will can explian , if you not free just ignore me , because as I know you are very good investor and I got follow your invest in MBSB
so I belive your sense , haha
sorry kacau you la

Posted by stockraider > 2016-10-14 17:22 | Report Abuse

Yield investor is moving into rsena, does it mean this will jorpardise rsena survival and its potential QA ??

Raider answer:
Yes and NO

To be fair ....yield come in to protect us indirectly loh...!!
For example
If it is a lousy deal the share price will below cash level and cannot move up.
That means this yield investor will vote against and close the spac down.

Thus management have no choice but look for a good acquisition within the spac period of 3 yrs.

If it is good, mkt will give a thumbsup and the share price will move above cash level....the yield investor may selldown or may keep and give it a yes vote loh....!!

This is correct business model is it not ??

The 2 spacs failure confirm the business to be acquired not so good...thats why....the spac holder vote no....!!

Posted by TheContrarian > 2016-10-14 21:30 | Report Abuse

ivan9511, yes this is SPAC, qrt loss because yet to acquire a business. When Red Sona has identified a suitable business it has to call for EGM for voting. If shareholder doesn't agree with the new business to be acquired, shareholder vote no in EGM and Red Sona pays shareholder 46 sen plus interest. So, very safe for me because I bought at 40.5 sen. This is just a simple brief explanation.

Posted by TheContrarian > 2016-10-14 21:43 | Report Abuse

Right now we don't know who bought over 50 million shares in the past two weeks, pushing up price from 41 sen to 43 sen. KWAP owns over 52 million shares as at end of August 2016 and hasn't announced any additional purchases since. Credit Suisse/PAG have not announced any substantial shareholding yet.

Posted by ivan9511 > 2016-10-17 16:11 | Report Abuse

TheContrarian, noted , you enter 40.50 , no wonder you so Stabilization
thanks for explantation, now I can see the picture , your views very useful

Posted by Food4Thought > 2016-11-06 14:24 | Report Abuse

Shareholders of another SPAC, REACH ENERGY voted against the proposed QA. The warrant will become toilet paper soon. Therefore, be mindful if you are the warrant holders of SPAC.

Posted by Food4Thought > 2016-11-06 21:26 | Report Abuse

http://www.theedgemarkets.com/my/article/boustead-store-slp-resources-reach-energy-msc-bhs-industries-and-tnb

Posted by char1234 > 2016-11-17 09:12 | Report Abuse

can v buy this share ??

Posted by char1234 > 2016-11-17 09:32 | Report Abuse

no one owns this share ?>

Posted by stockraider > 2016-11-17 10:54 |

Post removed.Why?

Posted by ktsk88 > 2016-11-26 10:27 | Report Abuse

food biz is more likely to get accepted than O&G SPAC.

Posted by ktsk88 > 2016-11-26 10:29 | Report Abuse

when investing in SPAC............go for mother for more secure gains. Unless you wanna take high risk game then go for warrant for gain or broke.

Posted by speakup > 2016-12-07 09:33 | Report Abuse

when RSENA went IPO in late 2015, it raised rm400M of which 92% put into trust. Meaning at IPO day itself, the cash value is 46sen. Today after adding interest, the cash value should be about 47.8sen.

RSENA now 43.5sen, meaning is 9% discount to its cash value! Which is 3X FD rate.

Posted by speakup > 2016-12-07 09:35 | Report Abuse

0% risk
9% guaranteed returns

tak nak? tapi 3% FD nak. memang tak masuk akal!

Posted by stockraider > 2016-12-07 09:37 | Report Abuse

Speakup,

There is another 2 yrs to go....that means hold to maturity investors gets about 6% pa return....not that high but reasonable loh...!!

With opportunity upside if QA loh....!!

Posted by stockraider > 2016-12-08 09:50 | Report Abuse

raider believe in honest profit mah....!!
lay out everything....let the buyer decide mah...!!

this type of mkt....maybe even min 6% pa fixed....quite guarantee people still can be happy loh...!!

Posted by speakup > 2016-12-24 17:27 | Report Abuse

Watch out RSENA in 2017! RSENA will be the stock to watch in 2017, as it will reveal its QA.

Posted by speakup > 2017-01-12 09:45 | Report Abuse

KWAP cease to be substantial shareholder of RSENA!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5311289

Posted by ktsk88 > 2017-01-12 10:33 | Report Abuse

It is not surprise KWAP, TH, LTAT whatsoever ceased to be substantial shareholders in many bluechip stocks because these funds were to use to support FGV price for the coming election.

Posted by speakup > 2017-01-22 12:50 | Report Abuse

RSENA 2016 Annual Report out...
2 very interesting things inside....
1) Credit Suisse has been accumulating RSENA and is now the 5th LARGEST SHAREHOLDER of RSENA!!!!!
2) Julian Suresh Candiah (remember him from Cliq, Sona & Reach) is now the 17th largest shareholder of RSENA!
Both are YIELD INVESTORS!!!!

looks like RSENA management will need to find a friendly party to buy out them out at 48sen-49sen!!!!

Posted by speakup > 2017-01-24 10:38 | Report Abuse

MTD CAPITAL has emerged as the 2nd largest shareholder of RSENA!!!!

Posted by Tankhaylong > 2017-02-15 08:58 | Report Abuse

If 6% per annum,better wait until last minute only buy.I bought reach at 0.715 & cash back 0.76 within two months.6% per two months.But if compare to FD,then buy rsena better

Posted by 2016v > 2017-02-15 09:39 | Report Abuse

good idea Tan, when is the due date to acquire an asset for this spac

Posted by Tankhaylong > 2017-02-16 08:30 | Report Abuse

December 2018

Posted by Valueseeker > 2017-02-17 10:37 | Report Abuse

Management screened more than 50 companies, hopefully QA will come soon.

Posted by shan75 > 2017-02-21 16:53 | Report Abuse

buy, something brewing, 52 weeks high 0.445!

Posted by shan75 > 2017-02-24 16:14 | Report Abuse

Just buy profit abundance!

Posted by birkincollector > 2017-02-24 18:54 | Report Abuse

New high. Wanna announce acquisition already??

Posted by nekosan > 2017-02-25 14:16 | Report Abuse

Tp 0.6

Posted by littlelolita > 2017-02-28 21:21 | Report Abuse

how you guys get 46sen? isnt it ipo is 400million so 40sen per share? with 92% in trust it is like 36.8sen.

Posted by csan > 2017-02-28 23:18 | Report Abuse

your number of shares is wrong. must exclude 20% stake of management team.

Posted by littlelolita > 2017-03-01 14:18 | Report Abuse

can you elaborate more, please. thank you

Posted by vyap > 2017-03-06 15:12 | Report Abuse

seems got abit movement

Posted by speakup > 2017-06-21 10:58 | Report Abuse

judging from Reach Energy share price post QA, high chance RSENA will be a failed SPAC as investors now realize that post QA the share price has no support.

Posted by speakup > 2017-06-21 10:58 | Report Abuse

Reach Energy has killed off all future SPACS.

Posted by Cornerstone > 2017-06-21 10:59 | Report Abuse

no movement throughout whole year.. really waste of time..

Posted by Food4Thought > 2017-07-01 23:16 | Report Abuse

Who wants to sell below RM0.45, pls let me know. We can arrange off market transaction. I have very positive view on the processed F&B industry but not oil & gas. We can't compare an orange with an apple. In fact, almost all oil & gas counters are affected by the depressed crude oil prices and don't blame on SPAC unless it is in oil & gas industry..