REACH ENERGY BHD
KLSE (MYR): REACH (5256)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
0.07
Today's Change
0.00 (0.00%)
Day's Change
0.065 - 0.07
Trading Volume
17,633,600
Overview
Market Cap
149 Million
NOSH
2,129 Million
Avg Volume (4 weeks)
5,288,445
4 Weeks Range
0.04 - 0.075
4 Weeks Price Volatility (%)
85.71%
52 Weeks Range
0.03 - 0.10
52 Weeks Price Volatility (%)
57.14%
Previous Close
0.07
Open
0.07
Bid
0.065 x 12,069,500
Ask
0.07 x 5,569,600
Day's Range
0.065 - 0.07
Trading Volume
17,633,600
Financial Highlight
Latest Quarter | Ann. Date
31-Dec-2022 [#4] | 28-Feb-2023
Next QR | Est. Ann. Date
31-Mar-2023 | 30-May-2023
T4Q P/E | EY
-0.65 | -152.76%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
0.05 | 1.36
T4Q NP Margin | ROE
-211.35% | -207.63%
Market Buzz
2023-03-31
2023-03-30
2023-03-30
2023-03-29
2023-03-29
2023-03-29
2023-03-29
2023-03-29
News and Blogs
Company Profile
Sector: ENERGY
Sector: ENERGY
Subsector: OIL & GAS PRODUCERS
Subsector: OIL & GAS PRODUCERS
Description:
Reach Energy Berhad, formerly Reach Energy Sdn Bhd, is a special purpose acquisition company for oil and gas exploration and production. The Company is focused on developing upstream hydrocarbon resources in the Asia Pacific Region. The Company intends to acquire qualifying assets related to the exploration and production of oil and gas development and production activities in the petroleum industry (Qualifying Acquisition). It evaluated over 40 Qualifying Acquisition targets spanning approximately five countries within its region of interest. The Company is targeting oil and/or gas brownfields in the production phase, and fields in the proximity of existing producing areas that are either in development phase or in advanced stages of development planning that is with Field Development Plan (FDP) in progress or approved but where production has not commenced. It intends to focus on countries, such as Malaysia, Indonesia, Australia, Myanmar, Thailand, the Philippines and Vietnam
Discussions
9 people like this. Showing 50 of 19,199 comments
I think they got burnt earlier and hasn't returned. Eventually when price spikes up on huge volume they will return.
3 weeks ago
I have a feeling on it soon will falling into PN17... cause losses has even more than its market capital size.
2 weeks ago
@davidkkw79 I think the new shareholder coming in will adjust the balancesheet (liability converted to shares)... liquidity ratio improves (see announcement)..
2 weeks ago
chinaman style, pp share till 5 B, the whole comp will eventually belong to this HK guys.
look at Fitters , new boss came in , total share at 600 700m now is 2.48 B.
the same will happen to Reach
2 days ago
mark my words la, the CEO already said comp will raise more fund. PP at 20 cents ??? or at 3 cents ?
from now on will keep pp to get money for working capital
2 days ago
this 638m deal is a joke.
https://www.theedgemarkets.com/article/reach-energy-buys-kazakhstan-oilfield-stake-rm638m
2 days ago
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)
2 days ago
new shareholder debt settlement 1b shares at 20c long way to go man.
goreng up to 20c? or 10c+ then issue more shares?
2 days ago
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
2 days ago
@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?
2 days ago
Reach assets are the oil fields in Kazakhstan. The oil is there, just need to pump it out.
2 days ago
Ya lo... He bought 20c.
So, he saw the future of Reach to be >20c logically speaking
2 days ago
thanks for confirming my understanding... makes sense now... no wonder price is going up today once Honkie shareholder's thru the door
2 days ago
Amen to that!! I remember you said your entry cost 3-4 sen... well played sir!!
2 days ago
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 ?
1 day ago
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
1 day ago
Post a Comment
Featured Posts
[06 APR] Elliott Wave Analysis - An Accurate & Timely Forecasting Strategy
Looking for REITs with high returns? Check this out!
MQ Trader - Introduction to MQ Trader Affiliate Program
Trending Events
Apps
Top Articles
1
Koon Yew Yin's Blog
2
Stock Pick Contest Year 2023
3
AmInvest Research Reports
4
Koon Yew Yin's Blog
PM Anwar’s visit to boost KL-Beijing strategic ties - Koon Yew Yin
5
Good Articles to Share
6
Good Articles to Share
7
Good Articles to Share
8
Good Articles to Share
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
newbie_2016
fingers crossed @TheContrarian... must say i am amazed at your optimism!!!
4 weeks ago