Yes I am..

Hibiscus overtake DNEX in one day last Wednesday, so how easy is that for DNEX to come back? good revenue, good profite, diversity of business, secure multiple project recently,,, they are involve in oil and gas, Tech, Manufacturing...

So King, meet me at DNEX..

16:00 pm another show..maybe up maybe down..

King you get my vote regarding REACH..

shares could be sold to otehr at even lower then what they are willing to press it for.. time to get moving up..

it is clear that those operator who keep pressing teh share down are working for ANZO. ANZO should take all measured to ensure satisfaction of its share holders, or else face the consequences..

if support price at 0.665 Hibiscus should close at 0.7xx today..

No need to wait 5-10 days,, time is money..DNEX have enough supporters, oil is up coming QR should show higher revenue..

those who sold today at 0.650 they will have to come back and clear all at 0.67... hahaha

patient, all will be cleared soon..

already came and over, now clear to 0.700

today i collect at 0.645

any price below 0.7, as long as my cash pocket allow..

King Musang, we need you here now, not after 5-10 days, come on..show some support here..

all match now.

All contra player here will cry sooner or later because they did not listen to us, they still can join us with the rise, sooner or later Hibisucs share will get its real value, no less then RM1.15.

keep going..

oil up again 59.33 USD,, for every 1 USD up, Hibiscus Revenue is up by about 1.2 Milion ringgit per quarter and this is only from ANASURIA..If you add the potantial for Sabah with 9000 barrels more, 1 USD oil up, give about 3.8 milion ringgit additional revenue per quarter.

HeartBreakkid, i trus hibiscus Management to do what it take, they are not doing it for teh first time, see ANASURIA aquisation progress and how it turn out to be a gold mine. So lesson learne teach alot.. so I am fully confidence in the announcement sofar regarding share palcement, capital increase. buy the wat hibiscus is Dept free with about RM100 milion in cash and asset value above 1.5 bilion RM, so why you think it is difficult to raise capital..they done it before and they can do it again.. oil price market is in their favor now..

Brent oil price keep going up. now 59.18 USD.. may touch 60 USD by tonight..unless soem profite taking may accure..but definetly is bullish run..
https://www.bloomberg.com/quote/CO1:COM

come on contra player, you sell, we buy....

Hibiscus announcement refer to End second half of 2017.

by the time the news is out, will be too late, share already at Rm1.15.. so we shall assume all IN till otherwise proven..

I am buying at 0.05 but not yet matching..

indeed, you sell , we buy..

or even scraping contracts of exsiting rigs/ platforms that need replacements..

It is about time for ANZO to rebound..

oil already 59.02 USD.. good for DneX (ping Petroleum).. intresting level 0.48 is cheap price to collect now.

Hi B4B4, nice to see you here, intrested, 0.05 is a good price, however you need to queu alot to catch is, you can try, if not perhaps 0.055 still safe.

more rigs will be scraped that give way for Perisai rigs to be deployed.
https://www.oilandgaspeople.com/news/15168/transocean-scraps-6-rigs-takes-us14-billion-hit/

From Hibiscus management (published on hibsicus website) regarding the latest share placement.


Hibiscus had recently issued 62 million shares on 15/8/17. To whom were these placed to and what strategic advantages can they bring to the company?

The shares were placed to eligible third party investor(s) who fall within the criteria set out under Schedules 6 and 7 of the Capital Markets & Services Act, 2007. The First Tranche Placement to the Eligible Parties are listed as below:

Percentage of Shares Placed

Local Individuals: 9.68%

Local Corporates/Funds: 60.31%

Foreign Corporates/Funds: 30.01%


A total number of 62 million shares were placed.

The rationale for the Proposed Private Placement is as follows :

i. The Proposed Private Placement will enable the Group to raise funds mainly for working capital purposes more expeditiously and in a more cost-effective manner as opposed to other fund raising options via equity. For example, when compared to a rights issue, a rights issue is more time and cost consuming and may also financially burden the existing shareholders of the Company;

ii. The Proposed Private Placement is expected to strengthen the shareholders and capital base of the Group;

iii. The Proposed Private Placement will serve as additional source of funding for the Group without incurring interest expenses as compared to borrowings while the Group is considering alternative source of funding from financial institution(s) and other financing entities;

iv. The Proposed Private Placement will improve the liquidity and financial flexibility of the Group by strengthening its financial position; and

v. The Proposed Private Placement will enable the Group to raise added funds for its working capital purposes, which is expected to contribute positively to its earnings potential in the future.

One of the specific considerations in undertaking the Proposed Private Placement is the added value that the Proposed Private Placement potentially brings to the Group as it allows the Group to further strengthen its financial position in proceeding with its existing business operations (which include the maintenance and/or upgrading of existing assets), the completion of which enhances the value of both the business of the Group and the future monetisation of the projects/assets of the Group. The Group currently has no debt facilities and the near-term financial impact of the Proposed Private Placement would be to further strengthen the balance sheet and cash position of the Group.

14 August 2017

if you have a car or Motorb in Malaysia, i suggest you top up some gas before wednesday,, price at the pump will go up....unless you drive electric ....

definetly more contract will come for Perisai two new latest rigs..and Kamelia FPSO and MODU...

Oil up now above 57 USD...waw..https://www.bloomberg.com/quote/CO1:COM

https://www.bloomberg.com/quote/CO1:COM

oil touch 57.USD just now..
http://www.nasdaq.com/markets/crude-oil-brent.aspx?timeframe=7d

add some...

Magis, old article posted back in August 2015, but intresting enough to rememebr the share price was 0.88..

back to plan A,, anyone have 5.5 cent to buy..move perisai up by 9% !!

perhaps not directly but more indirectly, through refurbishment contracts..any way oil is bullish and good for shipyard..http://www.nasdaq.com/article/oil-price-fundamental-weekly-forecast-8211-bullish-traders-will-decide-whether-to-buy-strength-or-weakness-cm850115

http://www.nasdaq.com/article/oil-price-fundamental-weekly-forecast-8211-bullish-traders-will-decide-whether-to-buy-strength-or-weakness-cm850115

http://www.nasdaq.com/article/oil-price-fundamental-weekly-forecast-8211-bullish-traders-will-decide-whether-to-buy-strength-or-weakness-cm850115

Rally should start in few minutes..

not worry on T2 or T20,, as long as oil price is way above 56 USD.. long term investors are pretty much save here in this counter..

Hibisuc traders are draining other shares stock and the KLCI...

look into my comments history, you'll see more usefull predictions..

Stock: [HIBISCS]: HIBISCUS PETROLEUM BHD

Jul 6, 2017 11:27 AM | Report Abuse

Hibisuc fare share price should be above 0.6 RM in the short term (month to three month), and 1.15 RM in the long term as long as the market sentiment remain as is or perhaps some improvement.


This is one of my blog posted on 6 Jul 2017. way beofr Public Bank TP RM1.06

second wave comming in at 15:30 and 16:00 pm..

0.695 - 0.720