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0.645   +0.025 (4.03%)  0.625 - 0.655  119,988,100
91,121 comment(s). Last comment by DJThong at Dec 5, 2020 8:07 PM
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AllYouCanBuy
536 posts

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

No worries friend, it will shoot to 0.700, trust me!! The oil price will go up after the 2 weeks fall. We still have about 9 weeks ahead until the first tranche date!!


micsoh
886 posts

Posted by micsoh > Sep 11, 2020 10:14 AM | Report Abuse

I am worried, I am just pity can not buy cheap only. Lucky this time we small holder don't need to come out money, I relax now.


micsoh
886 posts

Posted by micsoh > Sep 11, 2020 10:16 AM | Report Abuse

Sorry I means I am not worry in the sentence above.


AllYouCanBuy
536 posts

Posted by AllYouCanBuy > Sep 11, 2020 10:20 AM | Report Abuse

@micsoh PP (to acquire good assets) is the opposite of RI. Glad that we are moving forward!


tkl88
8162 posts

Posted by tkl88 > Sep 11, 2020 10:20 AM | Report Abuse

Walaoeh, What happend ?
Damn hot man Hibiscus today !
Now Hibiscus already traded at=> 0.52 (+0.015) (+2.8 %) !
Today Hibiscus probably will be closed at=> 0.80 (+0.295) (+58.4 %) !

Huat ah ! Heng ah ! Ong ah !


kenneth241
28 posts

Posted by kenneth241 > Sep 11, 2020 10:23 AM | Report Abuse

Fast fast chip in now


gill716
9 posts

Posted by gill716 > Sep 11, 2020 10:44 AM | Report Abuse

Any idea on the warrant status as expiry is only 6 months away. If all the warrants were to be converted, Hibiscus would benefit to gain more than Rm300,000.000. But mother share is not moving as i think convertion rate is Rm1.14. Any feedback?


AllYouCanBuy
536 posts

Posted by AllYouCanBuy > Sep 11, 2020 10:54 AM | Report Abuse

https://www.thestar.com.my/business/business-news/2020/09/11/healthy-market-correction-despite-losses The market sees upward momentum soon.

BUY now when oil price is low and market sentiment is still poor.


Winner128
208 posts

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

1st half look like no big fish coming.....


AllYouCanBuy
536 posts

Posted by AllYouCanBuy > Sep 11, 2020 11:58 AM | Report Abuse

@Winner128 It's a matter of time. Oil is still at its low, coupled with the dull market sentiment. The upward trend will be subtle now.


newbie300
168 posts

Posted by newbie300 > Sep 11, 2020 12:00 PM | Report Abuse

all fish swim to next pond (glove) already... this HiBi management have to take out own $$ to push up like TG did yesterday and this morning...

@ HiBi management, no bait how to get fish come oh....


newbie300
168 posts

Posted by newbie300 > Sep 11, 2020 12:02 PM | Report Abuse

chinese always said, "wanna horse run, but also stop horse to eat grass".... like that how to run oh...


AllYouCanBuy
536 posts

Posted by AllYouCanBuy > Sep 11, 2020 12:05 PM | Report Abuse

@newbie300 Ngam!


Winner128
208 posts

Posted by Winner128 > Sep 11, 2020 12:24 PM | Report Abuse

I am going to sleeping 1st.....


amircesc4
231 posts

Posted by amircesc4 > Sep 11, 2020 1:59 PM | Report Abuse

My maybank remisier also replied my whatsapp. Neutral, TP 0.60. Short term sell.


newbie300
168 posts

Posted by newbie300 > Sep 11, 2020 2:36 PM | Report Abuse

see how HiBi management to push till 0.60....i doubt they are capable... have to show more secured project rather than wanna buy this and that...


amircesc4
231 posts

Posted by amircesc4 > Sep 11, 2020 3:28 PM | Report Abuse

Did you know how much money they generate from North Sabah? How many percent their share? Market cap not even 1b, easy to manipulate. Suit ur nickname, newbie.

Nonetheless, I will pwait until 0.45


John_Legend
12 posts

Posted by John_Legend > Sep 11, 2020 4:05 PM | Report Abuse

For illustration purpose,
Company A:
Nett value: 300mil
Unit of shares: 300mil

After asset acquisition,
Nett value: 1200mil
Unit of shares: 300mil + 600mil

I hope this will help those ppl don’t understand how the conversion happen. But please take note there will be a scenario B happen also, which is redemption,

Company A
Nett value: 1200mil
Unit of shares: 300mil (remains unchanged)

Happy investing.


Newbn00b
247 posts

Posted by Newbn00b > Sep 11, 2020 4:07 PM | Report Abuse

You need to wait for Trump to hentam Iran to jack up the oil price but that will never happen. Trump's ball is not that big afterall


John_Legend
12 posts

Posted by John_Legend > Sep 11, 2020 4:07 PM | Report Abuse

Seriously, we don’t mean to gorek your money here, just pity your blood sweat money manipulated by ppl. In personal, I never expect the portions hold by us can make a huge impact to the price. I’m holding 2k blots at this moment with avg .536 which I’m still looking toward to the chance to further average while ppl panic selling. My sincere advise to the person who precious your money, hold your shares now bcoz you won’t able to know when you can buy back with the same price later.


AllYouCanBuy
536 posts

Posted by AllYouCanBuy > Sep 11, 2020 4:20 PM | Report Abuse

Whatever it is, the Hibi management worries more and must give away some candies . 9 weeks before due date on the 12th November.


Winner128
208 posts

Posted by Winner128 > Sep 11, 2020 4:36 PM | Report Abuse

Actually all are under control by 1st investor .......

1st investor already take place a few month and luckily having this news of CRPS sure if for me also will press down like what are mention before....then let another investor to help pamp back to original price....

At the same time 1st investor sure have will get more profit compare before planning.....
Bottom-neck on this moment around is Rm0.50.....

Let another 9 week see what shown will display to all of you.


Winner128
208 posts

Posted by Winner128 > Sep 11, 2020 4:36 PM | Report Abuse

Actually i am waiting magic to lower down my cost but unluckily may don't have any chance.....


micsoh
886 posts

Posted by micsoh > Sep 11, 2020 4:57 PM | Report Abuse

This is the biggest crps I have ever seen, even sunwwy is just 1.1b only ,Can u imagine?


micsoh
886 posts

Posted by micsoh > Sep 11, 2020 5:00 PM | Report Abuse

I forgot there sapura energy also big, is anyone knows the figure?


TillyLovers
296 posts

Posted by TillyLovers > Sep 11, 2020 5:07 PM | Report Abuse

Hihi, is 51 cents the best price to enter? Some say 45 cents. Which one is true?


Newbn00b
247 posts

Posted by Newbn00b > Sep 11, 2020 5:11 PM | Report Abuse

I vote for 0.45. 0.66 on 12th November is false hope


soscoco
86 posts

Posted by soscoco > Sep 11, 2020 5:18 PM | Report Abuse

https://www.thestar.com.my/aseanplus/aseanplus-news/2020/09/11/oil-fall-further-amid-rising-stockpiles-and-weakening-demand


DJThong
79 posts

Posted by DJThong > Sep 11, 2020 5:20 PM | Report Abuse

Watch for swings below 0.50. Is good value for pure play upstream counter


Ken
570 posts

Posted by Ken > Sep 11, 2020 6:23 PM | Report Abuse

If conversion price is fixed on 0.66,they have to convert to ordinary shares at cost of 0.66.Then definitely they need to push above 0.66 only can gain profit.


Trapps
515 posts

Posted by Trapps > Sep 11, 2020 7:21 PM | Report Abuse

My advice is temporarily dun enter all the oil an d gas counters... Wait till end of year or next year..no big fish will going to enter from now until next year..so there wont be any volume build up for all the oil and gas counters..big fish wont play at oil and gas counters so the share also will have no show...so be smart ya...


twynstar
68 posts

Posted by twynstar > Sep 11, 2020 8:38 PM | Report Abuse

These are the copy paste from 27 pages of 'announcement" documents:

1)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. --page 4

2) 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 -- page 4

3) For illustrative purposes, assuming full subscription of the CRPS and based on the conversion price of RM0.66, the Company will allot and issue 3,030,303,030 new Hibiscus Shares upon full conversion of the CRPS. --page 8

4)....the entire 2,000,000,000 CRPS is issued in one tranche on 12 November 2020 --page 21

5) HLIB and CIMB have been appointed as the Joint Principal Advisers for the Proposals. --page 26

6) the Board expects the Proposals to be completed by the first half of calendar year 2021. --page 26

7) The implementation of the Proposed Private Placement of CRPS in multiple tranches would accord flexibility to the Company to procure interested investors to subscribe for the CRPS from time to time. --page 2




What do these mean?
1) The conversion price of the first tranche has been fixed at RM 0.66, as mentioned in “announcement” documents and “press release” documents in Hibiscus website. This first tranche of conversion price is fixed and will not follow market price. CRPS investors cannot decide the conversion price.

2) If the first tranche of conversion price is not fixed and fluctuating depend on market price, Hibiscus share price sure will drop everyday due to massive dilution of common share. This will cause huge loss for current shareholders. CRPS investors also will make loss because their conversion price is depend on dropping market price, plus extra 10% more expensive than 5-days VWAMP. In this scenario, nobody will make profit.This type of fundraising sure will not succeed.

3) The first tranche of CRPS will be launched on 12 November 2020. HLIB , CIMB and Affin Hwang will sell this CRPS to big investors for the following next few months. The sale is expected to be completed by the first half of calendar year 2021.

4)Hibiscus plans to raise RM 2 billion and issue 2 billion units of CRPS. That means 1 unit of CRPS cost RM 1. With conversion price of RM 0.66, the conversion ratio is 1 ÷ 0.66 = 1.51515. That means 1 unit of CPRS can convert to 1.515 new Hibiscus common share. 2 billion unit of CRPS can convert to 3.0303 billion new Hibiscus share. With current 1,588,229,000 shares, total amount of common shares will be 4,618,532,000.

5) If Hibiscus fails to raise total of RM 2 billion through this first tranche, most likely the second tranche of CRPS will be placed out with lower new conservation price and higher new conservation ratio. This will cause massive dilution of HIbiscus common share if compared with the first tranche.

6) Why Hibiscus plans to raise RM 2 billion, not RM 1 billion or RM 5 billion? Why Hibiscus has confidence to promise criteria of payback period ≤5 years and Internal rate of return (IRR)≥12%. Why HIbiscus limits their choice by setting criteria of acquisition of maximum 3 producing assets in South East Asia only, not maximum 2 or 5 producing assets in other regions, such as North Sea?

7) I believe Hibiscus already very sure which assets they want to buy, at what price, with how much profits the producing assets can generate immediately after acquisition. If still not sure, how HLIB and CIMB can convince the big investors to buy this CRPS. If the big investors can’t make profit from this CRPS ( conversion price RM 0.66), not only HIbiscus’s reputation, HLIB and CIMB’s reputation will also go down the drain.

8) So let’s believe in professionalism of HIbiscus management team, HLIB and CIMB in raising RM 2 billion with the first tranche only. This will minimize the dilution of EPS, and maximize the benefit of current shareholders and future shareholders ( CRPS investors).


NESARAJAH1
331 posts

Posted by NESARAJAH1 > Sep 11, 2020 8:45 PM | Report Abuse

Thks twynstar. Clearly explained and all doubts re explained. I ll sure top up as I m a investor


Ken
570 posts

Posted by Ken > Sep 11, 2020 9:25 PM | Report Abuse

Thanks twynstar.No 2 explain why the conversion price has been fixed for 1st tranche and not fluctuating depend on market price.
11/09/2020 9:17 PM


Ky Siow
28 posts

Posted by Ky Siow > Sep 11, 2020 9:41 PM | Report Abuse

So that mean the share price must push above 0.66, otherwise it is no worth convert CRPS to common share right? So if want let this CRPS success , hibiscus must think a way to push up the share price at least up to 0.66 right? Otherwise who want buy the CRPS and convert to common share right? Isn't understand like this?


oasischeah
1261 posts

Posted by oasischeah > Sep 11, 2020 9:52 PM | Report Abuse

Why so complicated for Hibiscs. Hope it does not lead to collapse of this share.


Newbn00b
247 posts

Posted by Newbn00b > Sep 11, 2020 10:28 PM | Report Abuse

Oh no. It is all wrong. Do you all think by 12th November first tranche some big shark going to push price to 0.66. It will become your biggest mistake in investment. Mark my words. Enough said


Ky Siow
28 posts

Posted by Ky Siow > Sep 11, 2020 10:35 PM | Report Abuse

If want let this CRPS success, the share price must above 0.66, otherwise who want to buy this CRPS? Impossible they announced this just purposely pull down their share price meh?


amircesc4
231 posts

Posted by amircesc4 > Sep 12, 2020 12:13 AM | Report Abuse

Possible SeaH to:

1) Increase their equity in North Sabah
2) Take over Peninsular Ops from Exxon
3) Acquire new contract in Borneo from Petronas Carigali

Good move? All prospects matured field dah. I don't know, SeaH mmg suka ambil janda orang. Haha.


Newbn00b
247 posts

Posted by Newbn00b > Sep 12, 2020 5:26 AM | Report Abuse

CRPS share cost is RM1. If anyone think it is 1 to 1 conversion to mother share is wrong to begin with. It is even more wrong if you think Hibiscus management has fixed the conversion rate at 0.66 for mother price. 0.66 in the report is example. It is a reference for illustration. If you still think Hibiscus is going to give Ang Pow at November. Good luck to you all


AllYouCanBuy
536 posts

Posted by AllYouCanBuy > Sep 12, 2020 7:31 AM | Report Abuse

https://www.facebook.com/nanyang.nysp/videos/324850765292908/ please watch


AllYouCanBuy
536 posts

Posted by AllYouCanBuy > Sep 12, 2020 7:37 AM | Report Abuse

In case someone does not understand Mandarin, the news said analysts suggest BUY with a TP of 70sen.


AllYouCanBuy
536 posts

Posted by AllYouCanBuy > Sep 12, 2020 7:47 AM | Report Abuse

I guess a few are still struggling with the crsp issue, please go to any bank for consultation.

Analysts have given TP of 65sen to 70sen after the PP announcement with the oil price at its lowest since June.

Oil price will surge in the coming weeks (near October). No point arguing here. Those who are afraid just sell and run or stay away. Those who know what is going on buy fast.


AllYouCanBuy
536 posts

Posted by AllYouCanBuy > Sep 12, 2020 7:52 AM | Report Abuse

@twynstar Thank you for your elaboration. I believe it helps many in understanding the issue.


AllYouCanBuy
536 posts

Posted by AllYouCanBuy > Sep 12, 2020 7:55 AM | Report Abuse

@Ky Siow @Ken Both of you have got it right! It is not so complicated after all. If necessary, please consult CIMB or HLIB for further clarification.


Newbn00b
247 posts

Posted by Newbn00b > Sep 12, 2020 7:59 AM | Report Abuse

You guys are misleading everyone here. Those CRPS subscriber is not ordinary retail investors. Do you think that they are going to give you all Ang Pow 0.66? They are going to pay RM1 per CRPS share. The conversion has to be the latest average 5 days closing price not fixed. To maximise their returns, the Hibiscus mother share should be all time low in order for them to get more shares, diluting existing shares holders . After they eat enough, they will only consider pump up the share. For others, please think through it. Those investors are not doing any charity for us


Trapps
515 posts

Posted by Trapps > Sep 12, 2020 8:28 AM | Report Abuse

Thanks Newbn00b for explain here..stop ppls from get trap...all investors esp big shark wont be atboil and gas counters, they lose confidencrbalready..so better dun buy in if u r smart..


Trapps
515 posts

Posted by Trapps > Sep 12, 2020 8:31 AM | Report Abuse

They r the manipulators instead of investors


Ken
570 posts

Posted by Ken > Sep 12, 2020 8:41 AM | Report Abuse

Not necessar need to convert RCPS into ordinary share.Can either redeemable(R) or convertible(C).

For example,if you invest Rm 100k in RCPS@Rm1 and the interest rate is 10%,duration is 5 year.If you are not going to convert,then every year they will give you Rm10k(10%) ,after 5 year,they will redeem & pay you back Rm 100k.

If let say market price is 0.80,then you find convertible is more profitable, you can convert your 100k RCPS into shares,then you will get 100k/Rm 0.66=151k,So you will have 151k hibiscus shares at cost of Rm0.66/share


AllYouCanBuy
536 posts

Posted by AllYouCanBuy > Sep 12, 2020 8:52 AM | Report Abuse

@Ken Correct!! Others please visit CIMB and HLIB for further enquiries.

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