REACH ENERGY BHD

KLSE (MYR): REACH (5256)

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Last Price

0.05

Today's Change

0.00 (0.00%)

Day's Change

0.045 - 0.055

Trading Volume

42,060,700

Discussions
9 people like this. Showing 50 of 18,860 comments

billionman

ats..automTic trading system

3 days ago

B4b4

Revenue is good, buy

2 days ago

billionman

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

2 days ago

billionman

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

2 days ago

billionman

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

2 days ago

TheContrarian

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.

2 days ago

billionman

rite.....

2 days ago

jasontan1177

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

1 day ago

jasontan1177

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

1 day ago

jasontan1177

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

1 day ago

mystery

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

1 day ago

citadel888

dfxd

1 day ago

citadel888

no people support keh?

1 day ago

mystery

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

1 day ago

citadel888

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

1 day ago

billionman

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.

1 day ago

mystery

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

1 day ago

8899EL8899

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

1 day ago

billionman

push luck or what

1 day ago

billionman

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

1 day ago

Raymond Tiruchelvam

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

1 day ago

Raymond Tiruchelvam

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

1 day ago

melkeng888

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

1 day ago

mystery

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

1 day ago

TheContrarian

Buy at 0.055 and hold for the spike.

1 day ago

billionman

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

1 day ago

adikkici

Contra player cant hold this week.. no confirmation signal

1 day ago

melkeng888

retailer always goyang very fast, after bought for awhile see so many selling keep coming out for sure follow sell.

1 day ago

mystery

wow, operators dump 0.05 so fast

15 hours ago

citadel888

haha someone 0.055 Kena trapped

15 hours ago

billionman

yeaaahhhh throw at 0.05 plummeted

15 hours ago

billionman

127384 lots at 1040..wowwww eatt eatt

14 hours ago

mystery

if it is good deal and favorable to market, the share price will surge, and vice versa. It showing that the market does not perceive the deal is favorable to the market. Even sharks also scare...

14 hours ago

Gn021

Anyone know who buy the MTD Capital 114 million shares ?

It is not SRL buy 114 millions shares from MTD Capital right ?

SRL get the share to contra some debt and SRL get the share through placement ah, so who buy 114 millions shares from MTD Capital

14 hours ago

mystery

No announcement of new shareholder made, meaning MTD Capital ticket is sell open market?

14 hours ago

citadel888

sold all tickets to waterfish

14 hours ago

Gn021

Anyone know who buy the MTD Capital 114 million shares ?

It is not SRL buy 114 millions shares from MTD Capital right ?

SRL get the share to contra some debt and SRL get the share through placement ah, so who buy 114 millions shares from MTD Capital

14 hours ago

Gn021

no, not sell through open market

u check back new ammended annoucement, sell through DBT

14 hours ago

citadel888

the day disposing DBT also the day reach pump up to 100percent, hard to say they didn't throw into open market

14 hours ago

billionman

Posted by Gn021 > 44 minutes ago | Report Abuse

no, not sell through open market

u check back new ammended annoucement, sell through DBT

..................................................

do not be mix up...............

1032+ billion shares are new issuance share dealed through DBT already picked up by SRL as debt contra.......meaning SRL is now majority holder ..

MTD shares of 114 million was sold in open market and pick up by investors retailer bilis shark whales..in the open market

13 hours ago

Gn021

u go check the annoucement first

it is DBT , not sold in open market ............

u go check

13 hours ago

billionman

30 JUN 2022
KUALA LUMPUR:

1.Reach Energy Bhd (REB) has proposed to issue 1.03 billion new ordinary shares at an issue price of 20 sen per share to undertake a debt settlement exercise involving RM206.51 million owed to Super Racer Limited (SRL).

2.At the same time, SRL and Cheung Siu Fai, acting in concert with SRL, intend to seek an exemption from the Securities Commission Malaysia from the obligation to undertake a mandatory take-over offer for the remaining REB shares and the outstanding warrants issued by REB expiring on Aug 15, 2022 on completion of the proposed debt settlement.

3. In a filing with Bursa Malaysia today, REB said on completion of the proposed debt settlement, SRL will enter into a shareholder loan facility agreement, or procure that Cheung enters into a shareholder loan facility agreement (either by himself or jointly with SRL), to make available a shareholder’s loan facility of up to RM22.01 million to REB.

4. The filing said RM19.51 million from the proceeds from the shareholder’s loan facility are to be used as working capital and RM2.5 million as estimated expenses relating to the proposal.

5. "The proposed debt settlement is expected to substantially reduce REB’s interest servicing obligation, and subsequently, to alleviate the financial burden of the group," the Bursa filing said, adding that the proposals are expected to be completed by the second half of 2022. - Bernama

13 hours ago

billionman

OPR news likely to spiked to 2.25% by BNM to address inflation. today or tomorrow will come out..... just be mindful .this likely not very favourable to the market

13 hours ago

billionman

Posted by Gn021 > 2 minutes ago | Report Abuse

u go check the annoucement first

it is DBT , not sold in open market ............

u go check.

.......................

u rite yesss via DBT already acquired by SRL..waiting for BSKL to officially updated latest REB shares in the market in addition to the new issuance shares.

13 hours ago

billionman

morning trading slow as investors took the sideliners ahead of the central bank's monetary policy committee OPR announcements.

The decline was was also felt in the oil and gas sector as fears over an impending recession cast fears over demand risk.

13 hours ago

billionman

1. SRL will be the biggest shareholder at 48.5% on completion of DBT

2.Present 1.1 billion shares in mkt plus additional new issuance of 1.03 billion shares ..making total new shares in mkt will be 2.13 billion shares.

12 hours ago

billionman

what keeping holding the price as it is now ...likely
1. OPR spiked
2. dilution considerations with the issuance of 1.03 bil new shares

12 hours ago

mystery

Finally knew why Reach been dumped at 0.05, is it because operator knew oil price going to crash? Lol

3 hours ago

newbie_2016

@Mystery at 5 sen its already a 'crashed' price!!! lol

3 hours ago

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