REACH ENERGY BHD

KLSE (MYR): REACH (5256)

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Last Price

0.025

Today's Change

0.00 (0.00%)

Day's Change

0.025 - 0.03

Trading Volume

818,000

Financial
Market Cap

Market Cap

53 Million

NOSH

2,129 Million

Latest Quarter

Latest Quarter

31-Mar-2024 [#1]

Announcement Date

31-May-2024

Next Quarter

30-Jun-2024

Est. Ann. Date

23-Aug-2024

Est. Ann. Due Date

29-Aug-2024

QoQ | YoY

97.00% | 76.49%

T4Q Result

Revenue | NP to SH

211,619.000 | -176,425.000

RPS | P/RPS

9.94 Cent | 0.25

EPS | P/E | EY

-8.29 Cent | -0.30 | -331.48%

DPS | DY | Payout %

0.00 Cent | 0.00% | 0.00%

NAPS | P/NAPS

0.09 | 0.28

QoQ | YoY

10.37% | 30.73%

NP Margin | ROE

-150.59% | -92.08%

F.Y. | Ann. Date

31-Mar-2024 | 31-May-2024

Latest Audited Result

Latest Audited Result

31-Dec-2023

Announcement Date

30-Apr-2024

Next Audited Result

31-Dec-2024

Est. Ann. Date

30-Apr-2025

Est. Ann. Due Date

29-Jun-2025

Annual (Unaudited)

Revenue | NP to SH

208,673.000 | -196,843.000

RPS | P/RPS

9.80 Cent | 0.26

EPS | P/E | EY

-0.10 Cent | -0.27 | -369.84%

DPS | DY | Payout %

0.00 Cent | 0.00% | 0.00%

NAPS | P/NAPS

0.09 | 0.28

YoY

13.53%

NP Margin | ROE

-165.32% | -102.73%

F.Y. | Ann. Date

31-Dec-2023 | 29-Feb-2024

Annualized Result

Revenue | NP to SH

201,000.000 | -25,100.000

RPS | P/RPS

9.44 Cent | 0.26

EPS | P/E | EY

0.00 Cent | -2.12 | -47.16%

DPS | DY | Payout %

-

NAPS | P/NAPS

-

QoQ | YoY

87.25% | 76.49%

NP Margin | ROE

-27.30% | -13.10%

F.Y. | Ann. Date

31-Mar-2024 | 31-May-2024

Business Process

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 1 / 4 25.00% 1 / 8 12.50%
Total Positive Profit Years 2 / 4 50.00% 3 / 8 37.50%
Continuous Quarters Of Positive Profit 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Profit Growth 1 / 4 25.00% 1 / 8 12.50%
Continuous Quarters Of Adjusted EPS Growth 1 / 4 25.00% 1 / 8 12.50%
Total Dividend Years 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Dividend 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Dividend Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted Dps Growth 0 / 4 0.00% 0 / 8 0.00%
Average ROE -25.64% -40.53%
Average Net Profit Margin -183.32% -188.22%

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Quarters Of Revenue Growth 3 / 5 60.00% 3 / 10 30.00%
Total Positive Profit Years 0 / 5 0.00% 1 / 10 10.00%
Continuous Quarters Of Positive Profit 0 / 5 0.00% 0 / 10 0.00%
Continuous Quarters Of Profit Growth 1 / 5 20.00% 1 / 10 10.00%
Continuous Quarters Of Adjusted EPS Growth 1 / 5 20.00% 1 / 10 10.00%
Total Dividend Years 0 / 5 0.00% 0 / 10 0.00%
Continuous Quarters Of Dividend 0 / 5 0.00% 0 / 10 0.00%
Continuous Quarters Of Dividend Growth 0 / 5 0.00% 0 / 10 0.00%
Continuous Quarters Of Adjusted Dps Growth 0 / 5 0.00% 0 / 10 0.00%
Average ROE -73.67% -37.89%
Average Net Profit Margin -155.54% -878.38%
Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 211,619 201,000 208,673 121,300 155,835
NP to SH -176,425 -25,100 -196,843 -82,542 -147,377
Dividend 0 0 0 0 0
Adjusted EPS -8.29 0.00 -0.10 -2.96 -5.09
Adjusted DPS 0.00 0.00 0.00 0.00 0.00

NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share

All figures in '000 unless specified.

EPS & DPS's figures in Cent.

Growth

LQ QoQ LQ YoY CQ YoY LQ vs Average of T4Q LQ vs Average of T8Q
Revenue 14.49% 6.23% 6.23% -5.02% 6.59%
NP to Owner 97.00% 76.49% 76.49% 85.77% 88.36%
Dividend 0.00% 0.00% 0.00% 0.00% 0.00%
Adjusted EPS 0.00% 0.00% 0.00% 0.00% 0.00%
Adjusted DPS 0.00% 0.00% 0.00% 0.00% 0.00%

LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year

T4Q vs LFY T4Q vs AL5FY T4Q vs AL10FY AQR vs LFY AQR vs AL5FY AQR vs AL10FY LFY YoY LFY vs AL5FY LFY vs AL10FY
Revenue 1.41% 35.80% 74.46% -3.68% 28.98% 65.70% 23.14% 33.91% 72.03%
NP to Owner 10.37% -19.71% -113.74% 87.25% 82.97% 69.59% 13.53% -33.56% -138.48%
Dividend 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Adjusted EPS -8,190.00% -62.76% -179.83% 0.00% 0.00% 0.00% 99.06% 98.04% 96.62%
Adjusted DPS 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year

Discussions
9 people like this. Showing 50 of 19,242 comments

twynstar

Russia Sells Urals Oil To India At $20 Above The Price Cap


Data from traders and Reuters calculations showed that free on board (FOB) Urals cargoes to load from Russia’s western ports on the Baltic Sea in October were nearly $80 a barrel for Indian refiners as of Thursday.



https://oilprice.com/Latest-Energy-News/World-News/Russia-Sells-Urals-Oil-To-India-At-20-Above-The-Price-Cap.html

2023-09-28 21:26

twynstar

Russian Oil Is Trading Closer to $100 Than the G-7 Price Cap


Russia’s flagship Urals grade is trading at $85.35 a barrel from the Baltic port of Primorsk and $86 from the Black Sea port of Novorossiysk.



https://finance.yahoo.com/news/russian-oil-trading-closer-100-103001221.html

2023-09-28 21:54

Chong3710

What the use of all these news, Reach equipment is not efficient, they are not able to increase production, do you think it’s going to increase their revenue even oil traded above USD100?

2023-09-28 23:20

newbie_2016

and ceo resigned! haiyaaaaa.... @TheContrarian what's up with this company??

2023-09-29 23:51

arcadicus

End of contract la ...

2023-09-30 10:06

rohank71

2036, the concession to DIG oil expires. So have 13 years to go full swing. To do that must invest lots of money, but company and shareholders have no money. BIG rights issue coming?

2023-09-30 10:52

EngineeringProfit

Unless this quarter can fetch over RM20 mil net profit$

2023-09-30 10:54

rohank71

No equipments to pump oil can't pump oil enought to make BIG money. No banks lend to O&G asset.

2023-09-30 10:56

rohank71

Unless BIG names.

2023-09-30 10:57

Dehcomic01

Except for 2016, the company has delivered negative ROE every since despite the high crude oil prices. So will it make money when oil prices comes down?

2023-09-30 11:01

EngineeringProfit

That's why its price can only go up with more green QR

2023-09-30 11:16

newbie_2016

hope this Q will be green Quarter!!!

2023-10-09 11:37

EngineeringProfit

No Green, no huat

2023-10-14 10:47

B4b4

buy . SRL is in control

2023-10-16 13:38

Apastock

steady 1 more green, let shiooting star...

2023-11-16 20:00

newbie_2016

wow still got hopeful people!!

2023-11-23 11:43

arcadicus

Latest QR green wor....😁

2023-11-30 18:29

newbie_2016

hahahaha green but no 'GO' wor.... still got hopeful people tho...

2023-12-03 09:08

newbie_2016

wow somebody just dumped??

2023-12-04 13:44

newbie_2016

oh the previous ceo just dumped his shares... weird guy

2023-12-06 14:29

newbie_2016

@TheContrarian whats your take?

2023-12-06 14:29

B4b4

Just buy and keep la. Only 3s.....the cheapest oil company in the world

2024-02-07 09:53

MrFox

so u r saying it will remain the cheapest?
haha

2024-02-07 09:55

triplex3mob

cannot REACH the sky....

2024-03-04 15:56

modestos

another mismanaged O&G. Quote from NST 2023 "The company's financial situation deteriorated due to falling oil prices and the high costs of exploration and development in Kazakhstan.". Even the price of oil above which is way above USD70 also no money to be made. Kazakhstan oil concession is onshore, cost to extract is USD15 or lower. Reach Energy made the new discovery in the Emir Oil block through the drilling of the North Kariman-3, This suggests that NK-3 would be a highly productive well once we commence production. Still need exploration?

2024-03-13 18:10

bizbro

hahahaha nice one, REACHing to the bottom

2024-03-14 16:43

B4b4

Brent oil prices going up and up ie USD 88 pb.

2024-04-02 15:10

B4b4

Reach ......going cheap....only 3s

2 months ago

B4b4

Brent now above 90 pb

2 months ago

newbie_2016

waaaaaahhh B4b4 you promoter Reach ka?? ;)

2 months ago

B4b4

Reach has got plenty of oil reserves P1 worth RM 3.3 b

2 months ago

Orson Chin

Look likes hk boss not going to rebuilt this company

2 months ago

B4b4

Hk boss bought over more assets from MIEH

2 months ago

bizbro

rebuilt what, waste money lah

2 months ago

rohank71

it will be PN17 or PN16 soon. better just walk away.

1 month ago

modestos

no matter how fancy the news or juicy opportunity. the opportunity does sums up with years of losses incur even with the seductive oil prices. what went wrong and where went wrong. be sober

1 month ago

newbie_2016

moving...

3 weeks ago

raymondroy

my former boss was the former CEO of the company before the Chinese investor took over. Unfortunately, the oil fields and investments are situated in one of the most corrupted (but developing) region of the world.... if you dont pay pay pay your way business will stop.... or if you pay wrong ppl even worse. Today their partner in this land locked nation is the government, and same time they are also suing the same government for claim of unpaid taxes..... haish until when this continuous bleeding will go on..... :-) peace & happy hunting

3 weeks ago

newbie_2016

aiyooo.. auditor didn't find that ka? i understand the clean auditors report issued ma..

3 weeks ago

newbie_2016

@raymondroy I wonder your former boss who was the former CEO of the company before the Chinese investor took over didn't do due diligence before buying?

3 weeks ago

Robert Waters

So, what is the take on this stock ? Caught my attention recently. Near all time high, I notice.
I guess using chinese management to improve project in Kazakhstan is not always working out. Still lossess are adding up.
What is the case to buy it ?

1 week ago

Robert Waters

Where is the contrarian when you need one ?

1 week ago

TheContrarian

The Chinese owns the Kazakhstan oil concession directly 40% while Reach Energy owns the balance 60%. The oil is plentiful there but the problem is extracting the oil. Huge impairment has already been made to write down the cost of plant and equipment. Now we need to wait for the turnaround or disposal of the whole concession.

1 week ago

Robert Waters

Many thanks. Word of reason.

1 week ago

newbie_2016

Good to hear from you TheContrarian! Been a while!!

1 week ago

newbie_2016

Yes, agreed with you Robert Waters! Word of reason. Very insightful.

1 week ago

newbie_2016

Why was Ordinary Resolution 6 appointment of PwC was withdrawn?

2 days ago

TheContrarian

Auditors tendered resignation.

2 days ago

Robert Waters

Yes, they did it early in June and the resolution to re-appoint them was cancelled. Normally, this would be a troubled development if we saw other signs as well. One should never react to a single symptom. Find the pattern. Get the reason from the clues. But no other clues.

1 day ago

newbie_2016

Any thoughts @TheContrarian?

4 hours ago

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