|
| |
Overview
Financial Highlight
Headlines
Business Background Reach Energy Bhd is an oil and gas exploration and production company. It is principally engaged in the exploration, development, and sale of petroleum products in the Republic of Kazakhstan. The company earns the majority of its revenue from the sale of crude oil in the Republic of Kazakhstan.
  TheContrarian Last round of huge impairment and interest payable before new shareholder comes in later this month. 01/03/2023 9:37 AM hoot9e996 this 1 those didnt wake up this morning all die. 8:30 am QR out, trading open at 10am .... 1hr 30minutes those no time see all BURNT 01/03/2023 10:12 AM TheContrarian No PN17, new shareholder coming in converting shareholder's loans into new shares at issue price of 20 sen which will increase the NTA to around 15 sen. 01/03/2023 2:20 PM hoot9e996 https://www.klsescreener.com/v2/news/view/1084457/reach-energy-shareholders-approve-rm206-51mil-debt-settlement oh no idea why i didnt see that 01/03/2023 2:51 PM newbie_2016 @TheContrarian... still optimistic? Any thoughts on today's Quarterly annoucement? 01/03/2023 2:58 PM newbie_2016 @hoot9e996 not owned by Malaysian anymore... now Honkie new major shareholder who bought-in at 20 sen... 01/03/2023 3:30 PM TheContrarian @newbie_2016, latest QR last round of huge impairment write off and huge interest payable on shareholder's loans before new controlling shareholder comes in. Subsequent QRs shouldn't be burdened by these anymore. 01/03/2023 7:21 PM TheContrarian I believe all the bad news is over. Let's wait for new controlling shareholder to come in this month. 03/03/2023 3:44 PM newbie_2016 fingers crossed @TheContrarian... must say i am amazed at your optimism!!! 03/03/2023 11:21 PM TheContrarian I think they got burnt earlier and hasn't returned. Eventually when price spikes up on huge volume they will return. 06/03/2023 7:37 PM 8ackwoods Huge wall at 0.045 tho, maybe if market goes south again then is 0.04 chance 13/03/2023 2:47 PM davidkkw79 I have a feeling on it soon will falling into PN17... cause losses has even more than its market capital size. 14/03/2023 12:33 PM newbie_2016 @davidkkw79 I think the new shareholder coming in will adjust the balancesheet (liability converted to shares)... liquidity ratio improves (see announcement).. 14/03/2023 3:47 PM jasontan1177 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 30/03/2023 9:04 AM Sweetkeledek Dont need more PP. They will fully control the oil and gas asset upon their completion of the acquisition of 40% from MIE (Reach owns 60%). At Reach level, their apparent cost is abt USD15 million (price they paid for the loan that is now converted to 1B shares) plus USD5 million in shareholder loan they putting in = abt RM90 million agt Reach market cap of only RM106 million currently 30/03/2023 9:33 AM jasontan1177 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 30/03/2023 9:39 AM jasontan1177 this 638m deal is a joke. https://www.theedgemarkets.com/article/reach-energy-buys-kazakhstan-oilfield-stake-rm638m 30/03/2023 9:45 AM  | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
