@superpanda, agree, volatility is what gives investors the chance to make money from the market inefficiency.
No stock can green everyday without some reds.
Hibiscus is growing with real good cash profits, but someone claim it is a rubbish,
lol. Dont really understand their mindset sometimes

@Bobii, yes, our beloved hindsight stock god is back.
Wait till he buy first then only stock will goes up as per his godlike's prediction.

100% win rate so far leh, how can we not trust him

@dexeric, ya have to agree shale gas dont really to bother on flaring and really more gas in term of ratio.

While big offshore players have more awareness now by trying their best on recycling those gas to do some good rather than just burn it.

Will it collapse? Hmm, dont really think so as it as now became part of the crude oil food chain as well. If it collapse then most o&g company in the world get affected too (serious impact).

@Miz Raya, i am holding hibiscus for quite some time and so far didnt sell any other than daughters.
I dont really mind hibiscus' price goes to drain , because it give bigger discount /safety margin to buy a money printing company.
Price up then good for paper profit, Price down then good chance to pick up more.

And for that "hero: thingy, haha, you miss the "hindsight".
Everybody can become billionaire by investing through hindsight, including some "smart" monkey

@dexeric, not here to comment on shale is good or bad.
But to point out regarding flaring, actually even offshore platform or storage facility do flaring at some extend as well.

It is all based on the economic value, platforms that produce too little gas that can be economic, will choose to burn it off as they do not invest any capital to build up facility that could handle it.

While storage facilities burn those gas that come out from the crude oil (natural process or depressurization) during storage / transportation stage.

wao, @Supermx2 stock god's hindsight prediction happened again.
Boom, mind blowing.
How come he never miss even one. Miracle!

@Bobii, dont play play with supermx2. He is the best hindsight investor.
He never miss a shot because everything is "predicted" after the result is out.
He beats everyone in market as all are stupid monkey and remember his name, soon his name will be in Forbes top wealthiest person.

We will be proud of him because Msia finally have our own stock god.

@ongth60, hibiscus will have 3 offtakes in Q4 2019. (Provided no disruption in oil production)
1ea from Anasuria & 2 ea from North Sabah.

All these calculation just need some efforts and primary school math.
Speculators just buy based on ting tong tiang, 5 cargoes, hahaha

when hibiscus is in freezer, nobody cares.
When it become hot cakes, everyone become expert. Lol.

This quarter 5 cargo? haha, you beat the previous joke

"@armadatuah2017.one thing good is the company is debt free. however their Sabah assets are still in losses."


Really?! making losses? hahaha
Damn, best joke so far in 2020

wao, a company that earning but market thrash it down below its book value.
But willing to pay more to a non-making money company or potential making money in future (who knows when) company.

What a joke.

lol, @cherry88, before that you said warrants should be discounted and not worth to buy.
But now start unloading, isnt that contradicts with what you "recommend" before, haha

wao....a company that ROE 14-15% but selling at about its book value.
Lol, what a funny mr masket

Quite a good quarter as it is seasonal busy quarter with much better QOQ revenue & net profit.
Low PE & continue to be a cash cow on giving dividend constantly

haha, another day of hibiscus usual style.
Open high close low.

lol, uzma now also higher price than hibiscus already.
I think maybe armada also have chance to surpass hibiscus next year.

Lol, open high and close low. Hibiscus oh hibiscus

haha, why have to produce at 120,000 Bbl/day only it will be good on mid Jan?

haha, just ignore him la.
When win, win a with a grain of sugar. When lost, lost entire factory.
Only inform the good side, never inform when he cut lost. Haha

Hibiscus listed in 2011, and you monitor for 10 years?!
Wow....

Finally the investor slides updated.
Seems like some fund lost their patience and cash out from Hibiscus (1.8%)

warrant too high risk la. With 6 cent rise in conversion value in upcoming 3 month, too short term la.
Wonder why people so like daughter while it is overpriced.

i already email twice, but they didnt reply at all

recently hibiscus not replying and FAQ or updating the investors slides.
Kind of disappoint with it

I believe is because Pohuat business is mainly contributed from Vietnam, and market expect it is having a stiff competition there. Hence less optimistic with its result

ongth60, north sabah crude is 8.30usd/bbl premium on top of brent oil.

usually green green in morning, then retrace to original point i when closing.
Maybe too many fund pulling each others' legs, haha.
Let's see how la today

haha, strong selling ah after touching 94c.
Ordinary hibiscus ah, cannot praise one.

Shareholders buy more again, showing confidence in their own company

WC will be increase price to 1.12 in coming March, maybe that's explain the price drop. Coz less and less attractive

lol, brent go up to 64usd/bbl, but nobody gives a damn to hibsicus.
Funny also sometimes malaysia market, they all like to rush into those hot cake aka sifu recommend stock

@dexeric, that one is a fake ID that try to imitate me la....

stock price and brent price is out of their control.
Their responsibility is to maintain its profitability and continue to grow.

As from their website

FOOD AND DOOR GIFT VOUCHER
The Food and Door Gift Voucher will be distributed to the shareholders/proxies upon successful registration, in the following manner:
 Attending as shareholder/corporate representative : One (1) food and door gift voucher
 Attending as shareholder/corporate representative and also as proxy: Two (2) food and door gift vouchers,irrespective of the number of
shares/shareholders represented.
 Attending as proxy : One (1) food and door gift voucher,irrespective of the number of shares/shareholders represented

@ongth60, yes hibiscus could do so, but should not do so.
Imagine while one having a credit card loan of 100k (15%++ interest) and he suddenly get a bonus of 50k. Will you prefer him to keep the 50k in FD or payback its debt thus saving more interest?

Hibiscus' current quarter cash generated from operating activities still pretty awesome at about 150mil.
But it clouded by recent heavy capex on both north sabah and anasuria,
Imagine if it stop/reduce its capex, then dividend is achievable. (assume this quarter they distribute all cash generated as dividend then roughly at 9cents per share, dividend yield at 10% at current price).

But as usual, i dont prefer to have dividend as at this point. Hibiscus need to continue use its cash to generate more growth.
And with current strong cash flow, hibiscus still plan to get debt in coming 6 months. Thus it indirectly tells us that there's a major acquisition in progress. Net 8000bbl producing field which producing better than north sabah, really a big leap forward

@Miz Raya Bloom, haha, i am still holding hibiscus. But i always look for better safety margin to top up more for hibiscus. So dont really mind if the price can slides further.
Just sometimes cant bare those who thinks they outsmart everyone.

Haha, good catch dragonslayer. Only report winning, never report losing.

Haha, no 11.11 sales but have 12.12 sales. Not bad eh

So tempting for top up, but it is a patience game.
Market sentiment seems turning now especially oil and gas, pending a correction after recent rally.
Hold the bullets and wait for the right price to get in.

lol,@supermx2 why didnt sell upfront but have to average down now?
Sell at tiny profit, but keep at severe loss.
I dont know who is the moneky now

Lol, dayang and armada result is good. Why dont and buy there? Haha, people just hold for 1 or 2 quarters theb think themselves as long term investor is funny

Ah, sorry 13 mil volume. Saw the wrong average volume, paiseh

Dayang expected good result but drop more, why hibiscus didnt follow. Haiz.

I wish to check next month presentation see how many % of retail shareholders left

Ah, only 7 million volume? Sounds like retail investors selling only today

Haha, i wish it can get down to 0.8. Just sell la all.

For me they already have some plan/discussion underground since long as hibiscus will not set a target that theynot able to achieve. With 8000bbl per day gap, i still think ExxonMobil field is the most likely acquisition

@ongth60, on the latest announcement from hibiscus where they will raise capital through borrowings in upcoming 6 months to purchase an asset in South East Asia. Not sure if it is malaysia North basin or somewhere

@RogerTan901111, dont tell the retail shareholders too much la.
They will sell and dump no matter what tomorrow as they only focus in short term by ignoring only 1 cargo sold each from anasuria and north sabah and weak oil price last Q.

Let's patiently wait how low it can go.