sour grape theory, if he have a bit more faith in hibiscus then he should be in green now. rather than screaming here and there now.

who is Ty yap?

last few weeks when it slumped, shake out how many retailers?

@paperplane sifu, hibiscus been written off / impairment a lot of stuff in last 2 quarters while taking advantage of the negative goodwill.
Major impairment/written off not expected in coming quarters.

By the way, back to rm1, long way taken to reach rm 1 again. hope it can stand firm. Patience get paid, so hold and grow with hibiscus.

still cant*

@Latuk, you still move your eyes away from the negative goodwill to a bigger picture.

Since you already sold this counter, just move on then. Coz it seems our words cant really get into your heart.

Price drop, yes it of course affect our profits on paper, yet i am more excited as it actually perform much better than i expect it to be .

Yet clouded by the negative goodwill, and the contribution of anasuria is not recorded in this quarter. So it appears to be a chance of buying, not selling like normal sheep herd did.

Anyway, this will be my last comment on your message. Coz we did not earn anything by correcting someone's point of view on hibiscus. All we hope is people can know better on hibiscus.

Lol, when i see latuk comment he hold it quarters by quarters then we know how long his horizon is. I also hold more than a year, till. More than 100% return now.
Price not performing, wanna move money else where for quick return, lol. A speculator mindset where wan money quick and easy.

@teoct, i guess there should be some rules/period for the taker of then private placement to sell its shares. (correct me if i was wrong)

Lol, when hibiscus is cheap 75c, 90c, nobody buy. Get in at rm1 is really chasing high. Hold it some time, means 1 weeks or 1 month?

lol, if negative goodwill is not a revenue to company, then impairment is also not a losses?
Anyway, people still only focus on negative goodwill but ignore the contribution of anasuria on this qr. so just sell la, lol

lol, if negative goodwill is not a revenue to company, then impairment is also not a losses?
Anyway, people still only focus on negative goodwill but ignore the contribution of anasuria on this qr. so just sell la, lol

For sure there are reason why they so active in a forum even though they see the stock as 'rubbish'

If u observe long enough, there's so many shouting sell, run, gap down etc, and now they are shouting up, fly, rocket etc. Obviously after they bought in, they change their attitude 180 degree.

Coz there's always someone hope to create a panic sell so they could pick it up cheap from your hand.

wao, so many people promote hard here.
Looks like a lot people get trapped before the qr out.

Dont worry la, now is good chance to collect slowly.

Ok, my fault, i miss read on that they will resume production by end of this week. My projection is based on new well without production line hooked up, but it is actually a side track on existing well. Please forgive me.

But it wont full blast for sure, this is because it will water out/gas out or producing sand if pruding at high rate. Ifdo so, the life of a well will be shortened and thus is economic will drop. And also maintenance for the well will be high, thus they will produce at optimum rate.

And also dont expect it will shown its contribution straight away as they will need to do some comissioning work to direct it to production system. Earliest might only shown in account on Q4 2018 or most possible Q1 2019

Full blast, or full choke is usually rare case as it is like killing the goose that produce golden eggs. U get a lot of oil in short time but it will water out quicker than expectation

By the way, what they well test now might not equal to what will they actually produce later on as they need to study the reservoir property anf regulate the rate to ensure max oil gain from that reservoir.

Lol, saw so many those ask people run, sell etc. Now shouting hard for huat, fly etc etx

wow, awesome. Saliva dripping, please continue to sell.

It wont up or down today, till retailer give up and sell it cheap to operator. But well, if u care about long term then it is no issue

Shankeetiow, north sabah is selling as labuan crude oil, premium price than brent crude (5-10% higher) as set my petronas monthly in usd/bbl. So oil is sold in is dollars

DamienCYH, i guess u are referring to another guy. I never sold any share of hibsicus since i bought at 42c

agree with paperplane sifu, not low enough. Please go back to 70c, then happy enough to load tonne and tonne of it

Dagnarus, intangible asset is something cant see. Oil is under the ground, so it is unable to be seen so it is intangibles asset

damn, who support it back to rm1 above.
Please keep on selling

lol, operator wanna flush retailers out nothing we can do.
Plus i really do hope it drop till 70c, please go on

Tp 1.73 from public invest, now i am looking forward for dbs tp.

Lol, please sell more. Back to 90c, then i will happy to keep on collecting

@teetom, anasuria cost is counted in for this quarter operating cost, but revenue not. So your profit margin calculation will not be correct

Ya, 77 usd/bbl now.

First rm 1 then to 70c then back to 40c, lol. Then my portfolio will be full of hibiscus only, lol

Ya, please down. I would be more happy if it down tomorrow. Finally have a full insight on north sabah, no more doubt on its potential. Please, sell ah

People still dwindling on negative goodwill, haiz....
They read half of the report but skip another half, lol

Wao, i wonder why so many still ask about dividend. By asking this question, i am pretty sure u have almost no clue on hibiscus.

Right issue to get money to buy north sabah, and then channel part of that money to pay dividend? If they do so, then the management is crazy as it is even worse than borrow money from bank to pay dividend.

And also hibiscus been give a prewarning that they will borrow loan in acceptable level to develop sabah. Which for me is much better compare to more right issue that further dilute shareholder value.

Suitable level of debt is required to grow its business fast. There is no point to be a must to be debt free at all, rather than a good name only. Realizing shareholder's value is what more important

@dagnarus, good insight. Yes, north sabah crude might or might not offload twice as this quarter. But offload at least once for sure as based on previous record. As already ask hibiscus, there is no fix offload schedule for labuan crudec terminal, it offload based on the storage status (whenever tank is full, then it will be offloaded).

So i would rather to use daily oil production volume to estimate its profit rather than offload volume as this truly reflects its revenue generated per year

@ezmoni, haha, then u owe me a full abalone feast then, lol.

Ez moni, u didnt own a single lot? Only dive in tomorrow is a bit high risk la

Job*, awesome*

Digit*
This quarter result is to prove those our calculationmestimation. Teoct did a really good kob on this, just margin is way awesoke only

JayC, it actually higher than 75m as oil price higher now. But well, close enough and margin is above 25% is what matters. And dont forgot they put in a lot impairment and also cost for side track into this quarter as well. Single dugit PE is what we all expected since long long time

Rama118, hibiscus already give free warrants this year to reward investors. Bonus issue does not create any value for me. Hibiscus will do some borrowing in future to develop north sabah, this have been announced by management before

Fact*

Lol, i read so many post in fb all claimed hibiscus good because of negative goodwill but ignore/miss the face that anasuria didnt sell single drop. Of oil this quarter.

Rama118, dont think hibiscus will declare any dividend within few years time. It needs money to develop anasuria and north sabah to achieve its vision. So it is focuaing on its growth now rather than payback to investors

73mil net profit on 250mil revenue (removing negativr goodwill and add back anasuria portionl, almost close to 30% margin. Lol. We all wrong, profit margin is way higher than what we expect before! 8.15 opex of north sabah is no joke

Ran777rpt, hibiscus just get right issue this year to buy north sabah, so no point it give dividend la. It need its money to futher develop north sabah. If u looking for dividend, then u are in a wrong stock

Revenue should be about 250mil this quarter, way better than what we expect before, lol. Please la, those who hate negative goodwill so much, please sell cheap