Stockman blogs
What's up at Hibiscus?
stockmanmy
Publish date: Tue, 03 Jan 2017, 05:00 PM
stockmanmy
0 76
Trade at your own risk. I am here only to vomit out my feelings
Sifu advise invest , don't speculate.
But, for those bought Hibiscus at 30 sen recently, is that speculation or investment?
Why I bought at 30 sen
- look at the charts....its speculation
- sentiments were in favor of such stocks.?
As usual, I sold too early...at 36 sen.
Now, 43
What's up?
KC says the results is all one time defered tax credit .....but according to the accounts, there is another $ 390 million of defered tax liabilities in the accounts. Is that a sercret weapon to be weaponised in future, if the auditors agree.....lol...The write back was due to change of tax rates in UK.
Hardly any revenue in latest results.
of course, hardly any revenue, their Anasuria oil fields not yet in production yet.
The media reports in negotiations to buy some Sabah fields from Shell.....surely this is one of the reason the share is so strong.
Multiple private placements of the shares between 20 sen and 76 sen
So, is it speculation or investments when money is made?
If you look at the charts...53 sens is a very easy target, now that it is in play.
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Be the first to like this. Showing 8 of 8 comments
Anasuria oil field is already in production. Stated clearly in the annual report.
The fields in Australia not yet explore.
For Sabah Shell, may not go through as recent developments by shell indicates prefer Sabah where production already ongoing and proven. Until contract is sealed, don't know the outcome.
2017-01-03 17:30
does not matter whether speculation or investment as long as make money.
2017-01-03 18:15
small
difficult to say buyers of Hibiscus and Reach buy them for their fundamentals and or value .....
just buy or sell based on instincts.
2017-01-04 15:10
the good thing about speculation is...you can get the facts wrong and still make money.
it is not what you know....it is what the market thinks it know,
2017-01-04 20:31
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stockmanmy
you can always buy Reach and Reach warrant if you don't like some thing up so much already.
2017-01-03 17:17