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Last Price Today's Change   Day's Range   Trading Volume
0.60   -0.01 (1.64%)  0.60 - 0.625  34,296,600
91,051 comment(s). Last comment by KAQ4468 at Nov 30, 2020 11:06 PM
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AllYouCanBuy
491 posts

Posted by AllYouCanBuy > Sep 11, 2020 7:01 AM | Report Abuse

https://www.nst.com.my/business/2020/09/623356/hibiscus-fundraising-pose-massive-impact-eps-publicinvest


AllYouCanBuy
491 posts

Posted by AllYouCanBuy > Sep 11, 2020 7:02 AM | Report Abuse

PublicInvest maintains TP at 0.650


AllYouCanBuy
491 posts

Posted by AllYouCanBuy > Sep 11, 2020 7:12 AM | Report Abuse

@micsoh it's OK as long as you and I know what's happening.. Time will tell. Many are still in the dark.

If the share price falls what good can the company get? What's the point of the private placement? The company is raising fund to buy high productivity assets. Before that can happen the company has started losing!?! Think along the line.

I wonder how to raise the RM1b if the share price does not move up or beyond 0.66. I would rather buy at 0.30 or even 0. 10 in the open market.

Oh, it may even go as low as 0.05 if my understanding is wrong... Lol


AllYouCanBuy
491 posts

Posted by AllYouCanBuy > Sep 11, 2020 7:15 AM | Report Abuse

Private Placement structure generally will use PVWAP 5 days average to get the Fixed Price for Placement. What does it mean by PVWAP?



PVWAP = Previous Volume Weighted Average Price or Last 5 days Volume Multiply with Average Price



This scenario is to get the Final Agreed price for placement of new shares. Generally it will be capped at max 10% per allotment. The reason generally why a share price most likely will run up before Placement is done is because the company can raise more cash with higher PVWAP recorded.

I hope this helps :)


Newbn00b
237 posts

Posted by Newbn00b > Sep 11, 2020 7:17 AM | Report Abuse

They still able to rise RM2 bil no matter how low is the price. They just give more mother share. It is dilution to us. They will only pump up the price after conversion is done. Timing is totally controlled by them. If you able to follow the wave then you are rich.


Ken
570 posts

Posted by Ken > Sep 11, 2020 7:27 AM | Report Abuse

Newbn00b
Hibiscus Petroleum Berhad - Funding Its Growth https://klse.i3investor.com/m/blog/PublicInvest/2020-09-10-story-h1513430654-Hibiscus_Petroleum_Berhad_Funding_Its_Growth.jsp (Share from StockHunter)
I get what you mean,but this article say maximum shares to be issued is 2bil/0.66=3.03bil shares,this mean even share price drop to 0.50,still based on 0.66.not 2bil/0.50=4billion shares.


micsoh
882 posts

Posted by micsoh > Sep 11, 2020 7:28 AM | Report Abuse

Goto to read again, they said first tranche had been fixed at 66sen, and it can complete maybe in one tranche or multiple tranches, than how much u must listing if finished in first tranche, than u understand what I means.


AllYouCanBuy
491 posts

Posted by AllYouCanBuy > Sep 11, 2020 7:38 AM | Report Abuse

If I have RM1b, and if the share price falls to 0.30, I would be able to get 9 billion shares instead of the 3 billion fixed at 0.66.

The share price should move up and beyond 0.66 before the first tranche.

In case you miss it.. https://klse.i3investor.com/m/blog/humblepie188/2016-01-14-story89814-Private_Placement_Good_or_Bad.jsp


AllYouCanBuy
491 posts

Posted by AllYouCanBuy > Sep 11, 2020 7:43 AM | Report Abuse

PP is meant for fund raising.. not de-capitalising the company. And when a PP is used to buy good assets, the company prospects bloom, not doomed.

Haiyaa... so difficult to grasp meh? Lol


Newbn00b
237 posts

Posted by Newbn00b > Sep 11, 2020 7:54 AM | Report Abuse

Share price trends will tell you whether what I say is right or not. It is going down until the subscription and conversion are done to maximise their CRPS


Winner128
206 posts

Posted by Winner128 > Sep 11, 2020 7:54 AM | Report Abuse

@AllYouCanBuy, sometime maybe a bit difficult to understand. Anyway i am already ready bullet again and see whether which point is suit for average down my cost.......

I am dont believe my study & brent oil would not raise up......base on every country release MCO control.....


AllYouCanBuy
491 posts

Posted by AllYouCanBuy > Sep 11, 2020 8:00 AM | Report Abuse

How to maximise the crps when it has been stated a FIXED 3b share units with 0.66 for RM1b? It IS FIXED at 0.66 conversion price.

If retail investors keep selling it will be 0.30 soon. Will you buy at 0.66 with your RM1b?


abang_misai
1652 posts

Posted by abang_misai > Sep 11, 2020 8:01 AM | Report Abuse

Margin calls to set in


AllYouCanBuy
491 posts

Posted by AllYouCanBuy > Sep 11, 2020 8:04 AM | Report Abuse

@Winner128 as a matter of fact, oil will go up, just a matter of time. You are smart to collect Hibi shares at a bargain. Thumbs up!

The giant investors would be silly to buy at 0.66 with their RM1b by 12/11... Lol


AllYouCanBuy
491 posts

Posted by AllYouCanBuy > Sep 11, 2020 8:07 AM | Report Abuse

My remisier just replied, the share price should move up to justify the 0.66 conversion price. The Hibi management has to do something about it.


AllYouCanBuy
491 posts

Posted by AllYouCanBuy > Sep 11, 2020 8:08 AM | Report Abuse

Buy and collect before the market understands how it works.


Winner128
206 posts

Posted by Winner128 > Sep 11, 2020 8:12 AM | Report Abuse

@AllYouCanBuy.....actually now a lot people start to study and understand the CRPS. I can see some forum starting to discuss it.....and i believe will turn trend may on today or next week.....

After that maybe hard to get cheaper ticket again.....so hopefully today able have time to monitor this counter performance and have suit point for me to buy in......


kenneth241
26 posts

Posted by kenneth241 > Sep 11, 2020 8:13 AM | Report Abuse

It will increase again la dey


Winner128
206 posts

Posted by Winner128 > Sep 11, 2020 8:14 AM | Report Abuse

recently if this counter able turn trend sure super very fast to recover and stand on good share price if you have closely monitor trade history........


Winner128
206 posts

Posted by Winner128 > Sep 11, 2020 8:17 AM | Report Abuse

Anyway buy or sell all depend own study & risk management and dont simply listen to anyone for make a decision buy oe sell....because very dangerous may cause lost money at end of point.


Ken
570 posts

Posted by Ken > Sep 11, 2020 8:28 AM | Report Abuse

With the conversion price for the first tranche on 12 November 2020 fixed at RM0.66.How many CRPS in first tranche will be converted into ordinary shares?


twynstar
66 posts

Posted by twynstar > Sep 11, 2020 8:29 AM | Report Abuse

The conversion price for the first tranche of CRPS has been
fixed at RM0.66, representing approximately 10% premium
over the 5-day volume weighted average market price
(“VWAMP”) of the ordinary shares in Hibiscus Petroleum
(“Hibiscus Shares”) on Bursa Securities up to 8 September
2020 (the last market day prior to this announcement) of
RM0.5972.

In the event that there are subsequent tranches of CRPS
being placed out, the conversion price for the subsequent
tranches of CRPS will be fixed at a premium of up to 10%
over the 5-day VWAMP up to and including the market day
immediately before the price-fixing date




Please check page 4 from announcement

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=106826&name=EA_GA_ATTACHMENTS


AllYouCanBuy
491 posts

Posted by AllYouCanBuy > Sep 11, 2020 8:31 AM | Report Abuse

@Winner128 agree!


oasischeah
1252 posts

Posted by oasischeah > Sep 11, 2020 8:31 AM | Report Abuse

Prices down so much and still room for cheaper prices. O&G bad for 2020.


AllYouCanBuy
491 posts

Posted by AllYouCanBuy > Sep 11, 2020 8:38 AM | Report Abuse

@twynstar Yupp read that ystd. There may be multiple tranches, each with different conversion price. The first is on 12th November 2020.

The share price will just move up towards each tranche date to justify each fixed conversion price in order to attract more crps.

Happy buying everyone GL


AllYouCanBuy
491 posts

Posted by AllYouCanBuy > Sep 11, 2020 8:42 AM | Report Abuse

That said, the share price will fall after each conversion due to the dilution. But in the long term, it gets substantially higher.


micsoh
882 posts

Posted by micsoh > Sep 11, 2020 8:48 AM | Report Abuse

Even share went up to 66sen I don't think people will convert, it just breakeven only, why convert?


AllYouCanBuy
491 posts

Posted by AllYouCanBuy > Sep 11, 2020 8:55 AM | Report Abuse

Not everyone thinks alike. The take home story is, hibiscus is a well managed company with no or low debts with vision. If you have holding power it is worth keeping. The share price can easily go beyond RM2 after 2022 when the oil price is usd60-70.


AllYouCanBuy
491 posts

Posted by AllYouCanBuy > Sep 11, 2020 8:57 AM | Report Abuse

As for now, Hibi management must come up with something to push the share price up to 0.66 or beyond.

Otherwise, this PP will be made redundant.


kenneth241
26 posts

Posted by kenneth241 > Sep 11, 2020 9:13 AM | Report Abuse

They are looking for more investor to chip in. That's is what PP is for. But more. It will go up soon


kenneth241
26 posts

Posted by kenneth241 > Sep 11, 2020 9:14 AM | Report Abuse

Buy more*


Winner128
206 posts

Posted by Winner128 > Sep 11, 2020 9:16 AM | Report Abuse

@kenneth241 dont call buy in let HIBI drop more in order i am able to collect cheaper ticket to average my cost


Newbn00b
237 posts

Posted by Newbn00b > Sep 11, 2020 9:17 AM | Report Abuse

You guys still don't get it. Lower the price, the more shares they will get. They will dilute our share even more. Good for those syndicate whom can subscribe their CRPS. 0.66 is just a sample or reference for the average 5 days closing price plus 10%premium on 8th sept


Newbn00b
237 posts

Posted by Newbn00b > Sep 11, 2020 9:19 AM | Report Abuse

If they calculate again 15th Sept, that price will be even lower. They will push down the price kaw kaw before do subscription. And you and I share will be diluted kaw kaw


Edz2018
2 posts

Posted by Edz2018 > Sep 11, 2020 9:24 AM | Report Abuse

https://www.enanyang.my/行家论股/【行家论股视频】大红花石油-油价复苏股价看涨


B4b4
6581 posts

Posted by B4b4 > Sep 11, 2020 9:29 AM | Report Abuse

Buy Hibi now because the management is raising fund RM 2B to buy priceless oil assets in SEA.


micsoh
882 posts

Posted by micsoh > Sep 11, 2020 9:29 AM | Report Abuse

Than they will apply listing more than 3b on 14th, and bursa pass on 15th?


Winner128
206 posts

Posted by Winner128 > Sep 11, 2020 9:32 AM | Report Abuse

Hi.....don't pamp up......let go down first....


clp72
738 posts

Posted by clp72 > Sep 11, 2020 9:36 AM | Report Abuse

So Hib has entered into a settlement agreement with Rex but it's confidential?? err, you are a public listed company, how are you not to make this settlement public?? As it is kena con of rm 300 mill...


kenneth241
26 posts

Posted by kenneth241 > Sep 11, 2020 9:38 AM | Report Abuse

Yes u will regret if you don't buy now


Winner128
206 posts

Posted by Winner128 > Sep 11, 2020 9:39 AM | Report Abuse

Please don't buy in let dropping first.....then everyone able to buy cheaper ticket....


Winner128
206 posts

Posted by Winner128 > Sep 11, 2020 9:40 AM | Report Abuse

we are let timing for market master and follower help to pamp up share price before investor join in.....


Winner128
206 posts

Posted by Winner128 > Sep 11, 2020 9:44 AM | Report Abuse

today is fishing time.....to attract people coming....
If success mean lower price already no chance.......
Now still monitor trade result......


Winner128
206 posts

Posted by Winner128 > Sep 11, 2020 9:46 AM | Report Abuse

this counter already very less market master inside......now wait another team market master bring follower join in......


AllYouCanBuy
491 posts

Posted by AllYouCanBuy > Sep 11, 2020 9:47 AM | Report Abuse

Stock is about the majority sees risk while the minority sees opportunities. Happy fishing! :)


micsoh
882 posts

Posted by micsoh > Sep 11, 2020 9:48 AM | Report Abuse

Every time this kind of activities announce, mostly share will plunge first just like sunway, it's normal one.


Winner128
206 posts

Posted by Winner128 > Sep 11, 2020 9:50 AM | Report Abuse

fishing must be patient.......
but i hope able to drop again for me to take part......


kenneth241
26 posts

Posted by kenneth241 > Sep 11, 2020 9:56 AM | Report Abuse

It will go up. Fundraising is taking place.


AllYouCanBuy
491 posts

Posted by AllYouCanBuy > Sep 11, 2020 10:03 AM | Report Abuse

I am thankful that I secured 100k at 0.500 just now!


micsoh
882 posts

Posted by micsoh > Sep 11, 2020 10:05 AM | Report Abuse

Wow very heng ah u, my price is 60sen, shit!

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