Highlights
KLSE : HIBISCS       HIBISCUS PETROLEUM BHD
Last Price Today's Change   Day's Range   Trading Volume
0.19   -0.005 (2.56%)  0.19 - 0.19  743,600
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Overview

Board:Main Market
Sector:Industrial Products
Avg Volume (4 weeks):13,762,987
4 Weeks Range:0.13 - 0.215
52 Weeks Range:0.13 - 0.95
Average Price Target:0.80
Price Target Upside/Downside:+0.61
View Price Target Detail

Headlines

Latest Headlines
03/01/2016  When will Hibiscus bloom? (4) - M.A. Wind
14/12/2015  PublicInvest Research Headlines - 14 Dec 2015
03/12/2015  PublicInvest Research Headlines - 3 Dec 2015
12/11/2015  石油勘探失敗‧木槿花一度挫23%
11/11/2015  PublicInvest Research Headlines - 11 Nov 2015
10/11/2015  When will Hibiscus bloom? (3) - M.A. Wind
04/11/2015  When will Hibiscus bloom? (2) - M.A. Wind
04/11/2015  M+ Online Market Pulse - More Upsides Seen, Next Target Is 1,700 - 4 Nov 2015
15/10/2015  PublicInvest Research Headlines - 15 Oct 2015
03/09/2015  Trading Stocks - 3 September 2015 - SLP Resources | Hibiscus | LBS | Bonia | Dufu | BTM Resources
20/08/2015  PublicInvest Research Headlines - 20 Aug 2015
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  29 people like this.
 
musashi69 alahai izoklse...jual spender lagi kah? kah..kah...
10/02/2016 21:14
mushashi Wah! Thank you! Thank you! All my posting kena flag. Guess people here don't like to hear the truth huh ... Ki ki ki
10/02/2016 21:15
mushashi mushashi69 - your posting also all kena flag. You famous man!! Nanti kasi autograph ya... Ki ki ki
10/02/2016 21:16
musashi69 nevermind we are first cousins anyway musashi..kah..kah..
10/02/2016 21:22
mushashi Musashi69 - kawan kita Izoklse tu kuat average down. Big time gambler and speculator. Dia mana Percaya fundamental sangat, all these Bursa query and winding down - ala dia tak Kisah, jatuh nanti, you tenguk dia Muncul average lagi!!! Next you know he will be the largest shareholder of apa Nama tu Bangkrupt company. Tapi dia tak Kisah, janji dia dapat average down!
10/02/2016 21:27
strategisst Aiyoyo... mambang bendela pun main kat sini ka?...aiyoyo
10/02/2016 21:32
mushashi I repost my earlier posting ya of February 8 on announcement by REX with the truth on Lime- ki ki ki


Stock: [HIBISCS]: HIBISCUS PETROLEUM BHD
Feb 8, 2016 11:06 AM | Report Abuse

GONG XI FA CHAI!!!

http://rex.listedcompany.com/newsroom/20160206_231232_5WH_PH0CKYNIR04NSR7L.1.pdf

Fireworks already started... More pop corns loaded - Ki ki ki

"LK (Fiduciaries) Limited (“LKFL”) is the registered agent of Lime, responsible for secretarial and administrative matters relating to the Board of Lime. LKFL had on 3 February 2016, sent a letter to the board of directors of Lime, requesting their immediate attention and attendance at a board meeting to be convened on 4 February 2016 to make the necessary decisions with regard to Lime’s financial distress situation, which if unresolved, could trigger a variety of legal actions against Lime. Among the options to be considered to limit Lime’s liabilities were i) to wind up the company; ii) for Lime’s shareholders to subscribe for further Lime shares; and iii) to find a third party to subscribe for Lime shares. The Company is confident that all actions undertaken by Lime have been in compliance with prevailing rules and regulations and that the Lime Directors have at all times acted consistently with their duties to Lime.

The Board refers to Hibiscus’ announcement posted on Bursa Malaysia on 4 February 2016. Hibiscus claimed that the Lime Directors intended to proceed to make decisions at the 4 February 2016 board meeting without the presence of the GHL nominated director, but omitted to provide the background that the GHL nominated director had been invited to the meeting but chose not to attend.

Hibiscus’ announcement only highlighted one of three options suggested - namely winding-up - and made defamatory allegations against the Lime Directors, purportedly claiming that they only acted with the view to avoid a derivative action against them instigated by GHL.

Hibiscus failed to disclose that the underlying reason for an emergency board meeting in Lime is to resolve the financial distress situation Lime is currently facing. In a financial distress situation, the Lime Shareholders’ Agreement provides for decisions to be taken by a simple majority of the directors of Lime.

The Company wishes to highlight that no winding up procedures of Lime have been initiated. However, that remains a possibility should Lime be unable to raise additional funding in the very short term to alleviate its current financial distress.

Lime’s current situation of financial distress is a result of the breakdown of the relationship between Hibiscus and Rex, triggered by GHL’s failure to honour its commitment to cash calls in Lime Petroleum Plc for use in Lime ́s former subsidiaries Lime Petroleum Norway AS (“LPN”) and Masirah Oil Ltd (“MOL”). Rex and Lime have on several occasions asked Hibiscus to confirm and present clear proof whether Hibiscus had available funds to invest at the respective times for the cash calls. Hibiscus has refused to give such confirmation.

The Company reiterates that Mr Laurence Keenan has been on the Lime board since 2011 as an external independent director and that his appointment has been approved by all of the shareholders in Lime. In its announcement dated 4 February 2016, Hibiscus had exploited the error in Rex’s announcement dated 25 January 2016 to mislead the market that Mr Laurence Keenan is a Rex nominee to Lime’s board.

The letter from LKFL was addressed to the directors of Lime and confidential. GHL is bound by the Lime Shareholders’ Agreement not to disclose confidential information to third parties. Hibiscus’ announcement on 4 February 2016 is a clear breach of the Lime Shareholders’ Agreement."
10/02/2016 21:34
musashi69 mambang bendela mesti keluar la tak lama lagi kena jual spendar..kah..kah...amek kaw tamak lagi..kah..kah...
10/02/2016 21:34
strategisst Aiyoyo... spendar pun sulah berlobang lobang... aiyoyo
10/02/2016 21:59
Brutus121 Its Tough trying to Block a Falling Knife!!
Be careful Guys....Its a Big Sharp Knife!!
11/02/2016 09:55


 

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