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Top Pick - O&G - Hibiscus Petroleum Berhad
Mark T Bird
Publish date: Fri, 09 Mar 2018, 06:42 PM
It has been said that Hibiscus' share price are sensitive to oil prices and broader market sentiment .... TP ?
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Discussions
4 people like this. Showing 50 of 51 comments
my position small 100 shares x 10, but I super happy if it can go up fast to that TP
2018-03-09 18:58
biasekle YS, tangan gatal kasi flag, veri veri childish
ninja signing off, tired hard work at bursa
2018-03-09 19:04
you can stay here or the forum https://klse.i3investor.com/servlets/forum/1404323678.jsp
2018-03-09 23:54
oreo, nasib baik aku bukak computer sebelum tidur, nampak you hehehe welcome welcome yang ini blog invesment club, yang mark bagi tu link forum, mana2 pun you boleh contribute, no hal for friends
mark, baca atas analyst report baru teringat, bila hibiscus jatuh ada tanya tessa, hibiscus ada masaalah ker, tessa jawab tak ada, tanya kenapa jatuh, tessa jawab maybe the strength of ringgit, bila aku kasi tau kat forum sebab hibiscus jatuh adalah kerana strength of ringgit ramai tak nak percaya :)
ok time beradu BYE
2018-03-10 00:16
just a recap, Tessa posted this on Mar 7, 2018
*Hibiscus Exercise Price : *
The exercise price of the Warrants 2018/2021 shall be determined and
fixed by our Board at a later date after receipt of all relevant approvals.
The amount payable in respect of each new Share shall be calculated on
an annual step-up basis more particularly set out in the Deed Poll and
subject to such adjustments as may be required to be made in accordance with the provisions of the Deed Poll.
For the avoidance of doubt, if in any one year, there has been adjustment(s) made to the Exercise Price, the step-up for the following year shall be applied to such adjusted Exercise Price.
Step-up pricing
mechanism
: The Exercise Price of the Warrants 2018/2021 is subject to a fixed annual step-up of RM0.06 per year on each of the Anniversary Date, in the manner as set out below:
Year Formula
*Illustrative*
*Exercise Price (RM)*
*Year 1*
Commencing from
the date of first (1st)
issuance up to one (1)
Market Day prior to
the first (1st)
Anniversary Date
(Exercise Price) *Rm0.94*
*Year 2*
Commencing from
the first (1st)
Anniversary Date up
to one (1) Market Day
prior to the second
(2nd) Anniversary
Date
(Exercise Price
immediately preceding
the commencement of
the first (1st)
Anniversary Date add
RM0.06)
*Rm1.00*
*Year 3*
Commencing from
the second (2nd)
Anniversary Date up
to one (1) Market Day
prior to the third (3rd)
Anniversary Date
(Exercise Price
immediately preceding
the commencement of
the second (2nd)
Anniversary Date add
RM0.06)
*Rm1.06*
The step-up pricing mechanism is expected to encourage the holders of
the Warrants 2018/2021 to exercise their Warrants 2018/2021 earlier to
leverage on the lower exercise price.This would facilitate our Company’s earlier receipt of additional funds from the exercise of the Warrants 2018/2021. The additional funds will be utilised for potential expansion and capital expenditure, repayment of borrowings (in future, if any) and future working capital requirements of our Group.
For clarity, the market price of the Warrants 2018/2021 will not be adjusted in accordance with the adjustment in the Exercise Price on the first (1st) and second (2nd) Anniversary Dates respectively.
2018-03-10 00:25
cik babe, saya kurang online kat i3 ,jadi memang tak tau kewujudan forum² baru haha
strengthen of myr akan affect profit kan?
2018-03-10 01:29
ohayō gozaimasu!
Posted by Oreo Oreo > Mar 9, 2018 11:46 PM | Report Abuse
@ninja, try googling " pdf to jpg converter"
* thank you
2018-03-10 08:20
oreo, sebenarnya lebih pada market sentiment, kalau effect pada profit hanya tiny percentage samada, strength of ringgit or naik turun crude oil prices tapi retail investors suka overly negative, overly react, mungkin sebab utama mereka kurang membaca, kurang tau tentang investment, hanya ikut the crowd - herd mentality investors
cuba awak tengok duit kita sekarang to USD, tak banyak beza kan untuk kehidupan harian dan jalani business, kalau 3.90 sama, kalau 4.50 pun lebih kurang sama, not much different, yang penting sini always kena kerja kuat untuk dapat duit lebih kan, so balik pada kecekapan management
management good kan, so apa worry, no worry
2018-03-10 09:21
we see words: capex (capital expenditures) and opex (operating expenses) up there, they differ in the nature of the expenses, and in their respective treatments for tax purposes.
CAPEX
Capital expenditures are the funds that a business uses to purchase major physical goods or services to expand the company's abilities to generate profits. These purchases can include hardware (such as printers or computers), vehicles to transport goods, or the purchase or construction of a new building. The type of industry a company is involved in largely determines the nature of its capital expenditures. The asset purchased may be a new asset or something that improves the productive life of a previously purchased asset.
If the asset's useful life extends more than a year, then the CAPEX is recorded as an asset in the balance sheet and is expensed using depreciation to spread the cost of the asset over its designated useful life as determined by tax regulations. Capital expenses are most often depreciated over a five to 10-year period, but may be depreciated over more than two decades in the case of real estate.
OPEX
An operating expense results from the ongoing costs a company pays to run its basic business. In contrast to capital expenditures, operating expenses are fully tax-deductible in the year they are made. As operational expenses make up the bulk of a company's regular costs, management examines ways to lower operating expenses without causing a critical drop in quality or production output.
Sometimes an item that would ordinarily be obtained through capital expenditure can have its cost assigned to operating expenses if a company chooses to lease the item rather than purchase it. This can be a financially attractive option if the company has limited cash flow and wants to be able to deduct the total item cost for the year. Examples of operating expenses include research & development (R&D) expenses, pension plan contributions, property taxes, business travel, rent, and insurance costs.
**Capital expenditures are major purchases, and because their costs can only be recovered over time through depreciation, companies ordinarily budget for these purchases separately from preparing an operational budget.**
2018-03-10 12:44
Asset : North Sabah EOR PSC
50% interest in the 2011 North Sabah EOR PSC:
St Joseph Producing Field
South Furious Producing Field
SF 30 Producing Field
Barton Producing Field
All associated equipment and assets related to the PSC including the Labuan Crude Oil Terminal
Location : Offshore Sabah, Malaysia
SPA Date : 12 October 2016
Effective Date : 1 January 2017
Operator : SEA Hibiscus Sdn Bhd
Sellers :
Sabah Shell Petroleum Company Limited; and Shell Sabah Selatan Sdn Bhd (collectively “Shell”)
Production Life :
Producing since 1979 with production rights up to 2040.
Future Prospects :
Once resources are channelled towards identified future development opportunities, subject to capex and oil price, the incremental 2C resources may be exploited.
Please refer to the latest Bursa Announcement for the status of the asset: North Sabah Novation
2018-03-10 21:13
If you are investing in intra-day and short term then you have no use of EPS, stocks are move forward due to buying and selling, sentiments, news etc.
EPS, calculates the Earnings Per Share, meaning it takes the total profit in a period, and divides it by the total number of outstanding shares. In simple language, if EPS is 2, it means for 1 share of a company you held the earning will be 2.
Generally, companies with positive EPS are more highly valued than companies with negative EPS, but that is not to say that companies with negative EPS should be avoided.
If you looking for long-term investment then EPS is not a key factor as compare to dividend, splitting shares, growth of the company, market capacity.
Bird, to answer your question, there is no range for healthy EPS, it does NOT exist. Investors should always use other metrics accompanied by the EPS to value a company.
2018-03-11 14:38
ninja no worry, latest tp from PB, JP, & AllianceDBS for Hibiscus, all above RM1!
Worry often gives a small thing a big shadow
wakakaka
2018-03-11 14:57
Yeah? Same fella Inani that wrote the note for Sapura and within a month the price went down the drain........
2018-03-11 16:09
we found the above from bursa website, there is one from JP but that is on Hibiscus website, agree with ninja the latest Target Prices are all above RM1
2018-03-11 16:43
JP Morgan analisis panjang, X larat baca, ha memang TP atas seringgit, seringgit lebih gitu
2018-03-11 20:48
JP morgan never give any TP to hibiscus, it is just an in depth introduction to hibiscus and its future earning prospects
2018-03-11 22:32
YS do you think the price will go up further when the sabah deal is done? If yes, wait la till it is Signed, Sealed, Delivered
2018-03-12 09:08
Dericlock, on the right-hand side of the report, if I'm not mistaken 1.04
2018-03-12 21:20
bila la raya nak naik macam dialog, hari ini jer dialog naik 10 sen, harga dah 2.76 :(
2018-03-14 16:48
my hubby thinks 3 rgt end of this year possible, now kenot, because too many traders inside, 2 3 hari lari, price up down down down....hmmm
2018-03-14 16:51
HIBISCUS PETROLEUM BERHAD
Issuance of up to 317,645,738 free warrants in Hibiscus Petroleum Berhad ("Hibiscus Petroleum") ("Warrants 2018/2021") on the basis of one (1) new Warrant 2018/2021 for every five (5) existing ordinary shares in Hibiscus Petroleum held as at 5.00 p.m. on 16 March 2018 ("Entitlement Date") ("Free Warrants Issue")
Entitlement date 16 Mar 2018
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 16 Mar 2018
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
2018-03-14 17:03
read more here :
http://www.bursamalaysia.com/market/listed-companies/company-announcements/139961?m=ca
2018-03-14 17:04
OTHERS HIBISCUS PETROLEUM BERHAD ("Hibiscus Petroleum" or the "Company") Unauthorised Postings on the klse.i3investor.com Platform
HIBISCUS PETROLEUM BERHAD
Type Announcement
Subject OTHERS
Description HIBISCUS PETROLEUM BERHAD ("Hibiscus Petroleum" or the "Company")
Unauthorised Postings on the klse.i3investor.com Platform
Reference is made to the above matter.
It has come to the Company's attention that postings on the klse.i3investor.com platform have been made by a party wrongfully using the name and picture of the Company's Managing Director, Dr Kenneth Pereira.
Hibiscus Petroleum and Dr Kenneth Pereira wish to highlight that those postings are not made by, or otherwise attributable to, the Company or Dr Kenneth Pereira.
The website administrator of the platform has been informed of the above, so that it can take necessary action on its part.
The rights of the Company and Dr Kenneth Pereira are fully reserved and further action will be taken, as appropriate.
This announcement is dated 26 March 2018.
2018-03-26 17:01
X kenal online
jadi hibiscus tau juga sape yang short selling dan naked selling
2018-03-26 17:08
HIBISCS-WC - ISSUE OF 317,645,723 FREE WARRANTS IN HIBISCS ("WARRANTS") ON THE BASIS OF 1 NEW WARRANT FOR EVERY 5 EXISTING ORDINARY SHARES IN HIBISCS HELD ("FREE WARRANTS ISSUE")
HIBISCUS PETROLEUM BERHAD
Kindly be advised that HIBISCS’s 317,645,723 Warrants issued pursuant to the Free Warrants Issue will be admitted to the Official List of Bursa Malaysia Securities Berhad and the listing and quotation of the Warrants on the Main Market under the “Industrial Products” sector, will be granted with effect from 9.00 a.m., Wednesday, 28 March 2018.
The Stock Number, Stock Short Name and ISIN Code of the Warrants are “5199WC”, “HIBISCS-WC” and “MYL5199WCV34” respectively.
2018-03-27 14:35
Although oil & gas stocks with exposure to exploration and development activities offer the greatest operational leverage when the capex cycle improves, we prefer stocks with exposure to production activities which offer better earnings visibility at this nascent stage of recovery. We also favour stocks with global or regional footprints which have better job prospects compared to pure Malaysian-based players. Our top picks are Hibiscus Petroleum which is the best Malaysian-listed proxy to rising oil prices, Bumi Armada which will see more tender activities for floating, production, storage and offloading (FPSO) vessels on the horizon, and Wah Seong whose earnings are secured by Nord Stream 2 pipe-coating job. We also have Buy calls for Sapura Energy which is a large-cap Malaysian proxy to rising oil prices, Serba Dinamik which focuses on resilient operation & maintenance (O&M) activities, and Pantech which benefits from rising demand for pipes, valves, and fittings in RAPID. - DBS January 2018
2018-03-29 08:11
Hibiscus says may spend US$55m on North Sabah PSC capex over 3 yrs
KUALA LUMPUR (April 2): Hibiscus Petroleum Bhd may spend roughly US$55 million (about RM212.54 million) on capital expenditure (capex) for its North Sabah Enhanced Oil Recovery Production Sharing Contract (PSC) over the next three years to increase Hibiscus' oil production.
Hibiscus managing director Dr Kenneth Pereira said at a media briefing here today this is the amount of money the group will need to raise via external funding.
"We may spend more than that, but our exposure is about there," Pereira said.
Hibiscus announced to Bursa Malaysia today its wholly-owned subsidiary SEA Hibiscus Sdn Bhd had completed the acquisition of a 50% participating interest in the North Sabah Enhanced Oil Recovery PSC for US$25 million from Shell.
Hibiscus said the acquisition will "significantly boost" Hibiscus' oil production. At the media briefing, Pereira said the North Sabah Enhanced Oil Recovery PSC will effectively more than double Hibiscus' total production to "just under 9,000 barrels per day."
At 12:30pm today, Hibiscus shares settled at 85 sen for a market capitalisation of RM1.34 billion. The stock saw about 27 million shares transacted. - THEEDGE
2018-04-02 16:47
NZ Govt tells oil industry: 'The world is changing'
The government is telling the New Zealand oil industry that the world is changing and it is time it faced the facts.
The oil industry said yesterday it was shocked and blindsided by the government's announcement that it will be ending offshore oil and gas exploration.
Senior Cabinet minister Andrew Little travelled to Taranaki last night and spoke to a public meeting of about 50 people about the announcement.
"I know that announcements of the sort that we've heard today can come as a shock, can take some people by surprise and I get that, but this is not about turning off the spigots tomorrow and shoving people out of work, this country has had that experience and we don't want to repeat that.
"But what we do want to do it to work together to work out where that future lies."
New Plymouth mayor Neil Holdom has described the government's move as "a kick in the guts" for Taranaki's economy.
But Mr Little said Taranaki's political leaders may have been naive.
"It would be a pity if the leadership of the last 20 or 30 years in Taranaki has been 'we can continue to rely on oil and gas and dairy to get us through' because I don't think that was ever a safe strategy, if it was a strategy."
Mr Little said the downturn in the oil industry has been obvious to everyone in that community as has the government's intention to transition away from fossil fuels.
"There's a reason why Shell is leaving New Zealand, because of a world-wide decision that it's made - because the world is changing."
But Tag Oil country manager Max Murray was not impressed.
"It did catch us out, we didn't see this coming.
"[We're] really concerned about the lack of consultation, sounds like now we'll get a chance to actually have a conversation about a decision that has already been made - after the fact, which is really disappointing," Mr Murray said.
Oil industry analyst Len Houwers said he thought the move was not logical.
"I don't see any connection between attacking the supply side of the equation without addressing the demand side.
"We're still 60 percent reliant on fossil fuels, stopping exploration in New Zealand isn't going to change that."
National says the government is betraying the regions
At Parliament, National's deputy leader Paula Bennett accused New Zealand First of betraying the regions.
"I feel sorry for the small businesses in places like New Plymouth who depend on the income that comes from natural gas when they were blindsided by this government today, and deeply let down by New Zealand First.
"Shame on New Zealand First," Ms Bennett said.
Green Party leader James Shaw hit back, saying that while National had signed New Zealand up to the Paris Climate Accord it never had any intention of reducing this country's emissions.
He said National was showing its true colours.
"Today we got to see the National Party defending their mates in the big oil industry saying 'actually lets just keep this going a few decades longer, maybe a few centuries longer - lets not start the transition ... let's drill baby drill'."
The onshore block offers will continue in Taranaki for the next three years, and will be reviewed after that.
A local group, Climate Justice Taranaki, was disappointed the government would allow that to continue saying communities living around drilling and fracking wellsites would continue to suffer.
"We all know that fossil fuels need to stay in the ground - offshore and onshore," spokesperson Urs Signer said.
- On 27 March 2018, Sapura said its wholly-owned subsidiary Sapura Exploration and Production (NZ) Sdn Bhd (Sapura E&P) has secured the New Zealand government's approval for agreements with OMV New Zealand Ltd and Mitsui E&P Australia Pty Ltd.
"All five offshore exploration permits are located in shallow water within the prolific oil and gas region of the Taranaki Basin, where discovered volumes to date total more than 2.5 billion barrels of oil equivalent. “The agreement provides access to a large acreage footprint of more than 8,900 square kilometres," Sapura said. - source thestar
2018-04-13 21:20
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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....
Mark T Bird
DIY LOL
2018-03-09 18:51