hi , usually how long it takes to credit the warrant from the date of EGM approval ?

Fund manager can sell short hibicus start from today

Q to q dropped 50% ler

Finance cost oso can’t cover , what kind of biz still want to run ? Speculators die Kau Kau .

Really hopeless long time ago . I think will limit down two times

Thursday agm . Up up up !!!

wah seong and petronas dagang registered handsome profit, all oil counters will gap up with oil heading to usd 70 and USD100 in near future

wah seong and petronas dagang registered handsome profit, all oil counters will gap up with oil heading to usd 70 and USD100 in near future

wah seong and petronas dagang registered handsome profit, all oil counters will gap up with oil heading to usd 70 and USD100 in near future

wah seong and petronas dagang registered handsome profit, all oil counters will gap up with oil heading to usd 70 and USD100 in near future

wah seong and petronas dagang registered handsome profit, all oil counters will gap up with oil heading to usd 70 and USD100 in near future

They will push up to fix warrant price

Public revised the TP , https://www.thestar.com.my/business/business-news/2018/02/24/hibiscus-the-story-of-a-successful-spac/

dont look only , click to buy , it will b limit up bfore u realised , th hiddened hand sapu a lot selling order

both IT n OIL are getting better than other business and bullish this year

will go back to 60 cents

usually before result no movement, mean it will fly like mad bull once the result showing improving compare to previous quarter

http://www.klsescreener.com/v2/news/view/344609

it is good that this counter no movement prior to result , if the result positive, then 60 cents is not an issue with PE become 6, investors will keep for long term.

thanks to Hibicus for making me 20% richer, no point to condemn the stock when it helped u before. but anyways, see u again in 2019. thanks

Next quarter result will be the same or worse . Wait for Sabah deal coming into 2nd half year .

only one million increased ? eps oso dropped due to 20% PP. Sell

https://finance.yahoo.com/news/iran-fails-comply-opec-deal-000000204.html

https://finance.yahoo.com/news/oil-hits-highest-nearly-two-weeks-asian-equity-032104478--finance.html

https://finance.yahoo.com/news/oil-hits-highest-nearly-two-weeks-asian-equity-032104478--finance.html

https://finance.yahoo.com/news/oil-hits-highest-nearly-two-weeks-asian-equity-032104478--finance.html

Not today . Be patience , another 24 hours . All will roar to pub to celebrate .

Result tomorrow

Next day after q result sld be 1.20 , then next few days will be goreng to 1.50 in conjunction wit free warrant approval on 1st March

especially Dnex cos it owe 50% of hibicus oil field /

If today any one of HY, Petronm , hisbiscus, post good result after mkt closed today, tomorrow all these oil counter will be fly tomorrow especially dnex

If today any one of HY, Petrome , hisbiscus, post good result after mkt closed today, tomorrow all these oil counter will be fly tomorrow especially dnex

If today any one of HY, Petrome , hisbiscus post good result after mkt closed today, tomorrow all these oil counter will be fly tomorrow .

North Sabah contribution to come into 1st q of 2018 , hold it tight tight if it hits RM2 for medium term, if hit RM2,50 after Q result , then sailang for long term until 2019, it will be 2nd heng yuan in this year . , the super star of 2018 .champion!champion! champion. !

Correction oredi over , time to push up before free warrant approval in AGM .

Correction oredi over , time to push up before free warrant approval in AGM .

Brent oil almost 65 , Monday gap up . All in to get free warrant

Brent oil will be USD70 after CNY . Hibicus will b 1.50 when reopen after cny

dare not collect as PP coming anytime. when PP come, it will drop to below RM1 . 10% adjustment due to share dilution.

market correction not becos of PP , cos The PP not yet listed , wait for announcement these few days.

run!!! PP coming

can see big seller keep selling big volume .

Brent oil hitting above USD67 now, this week sld be above usd70 , huat arrrrr

sell hengyuan , buy hibiscus !!!

Brent oil hit 67usd now !!!! , next week will be stay above usd70. PBB is tp was based on 55usd per barrel. so just cant imagine hibicuss this quarter profit will be how many time increase. WOW!.

brent oil sld hit above $70 these few days

suspended for what ? Sabah is old news la ,

pp is always the killer , always push down the price a lot . . just don't know when they will exercise but I think very soon since the price oredi up .

GOOD VALUATION

Hibiscus announced plans to undertake a free warrant issue on the basis of 1 for every 5 existing ordinary shares held, essentially expanding its share base by 20% upon full exercise of the said warrants. The instruments will carry a 3-year tenure, and with the exercise price also having a fixed 6sen step-up on each of the anniversary dates from the date of the first issuance. While potentially dilutive, we are leaving our sum-of-parts derived RM1.06 valuation unchanged for now given the potential uplift from the conversion of 2C to 2P reserves for the North Sabah field, which we have not accounted for in our computations. Our Outperform call on Hibiscus is affirmed, underpinned by on-going contributions from its Anasuria Cluster in the North Sea (valued at 58sen per share), and the on-coming contributions from the North Sabah EOR field (currently valued at 48sen per share) which has recently taken a significant step toward conclusion.

The exercise will raise approximately RM298.6m over the 3-year tenure of the warrant, based on the assumed illustrative 94sen per share conversion price, also accounting for the 6sen annual step-up. Proceeds raised are expected to be utilized for expansion and capital expenditure purposes, while also repaying borrowings (in future, if any). Management has cited that the exercise is not primarily intended for the purpose of raising funds, though the additional funds are much welcomed, but more as a means of rewarding entitled shareholders for their continuous support of the Group. While we can appreciate the rationale of such a move, we are not particularly enthused about the near-term expansion in its share base without immediately known mitigating benefits, though we acknowledge (and commend) management’s value-accretive moves to-date and continue to believe all interests will be preserved. The exercise is expected to be completed by 1H 2018, barring any unforeseen circumstances
Potential enhancement to value. Assuming a 50% conversion of the North Sabah field’s 2C contingent resources into 2P reserves, we are estimating the Group’s overall fair value to be bumped up to RM1.17 (post-dilution).

Today all oil counter will b goreng up