ridiculous,

19 cent dividend @ current price of RM1.96 = 9.7% dividend yield

i expect hibiscus to claim tax credit on their capital expenditure for Q4 because they already say they have incurred a higher capital expenditure

Deferred taxation
Deferred tax is recognised for all temporary differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes at the reporting date.
Deferred tax liabilities recognised upon completion of a business combination are in relation to temporary differences in the tax base of intangible assets (i.e. rights and concession) acquired and their accounting base. This balance is non-cash and will reverse in line with the depletion of the said intangible assets. The reversal of the deferred tax liabilities will result in a tax credit being recorded in the profit or loss account.
The tax regime which applies to exploration for, and production of, oil and gas in the UK, and is thus applicable to Anasuria Hibiscus UK, currently comprises of ring fence corporation tax and a supplementary charge. The current rates of tax for ring fence corporation tax and supplementary charge are set at 30% and 10% respectively. Note that any investments in capital expenditures made are deductible from both taxes mentioned above in the same financial year they are incurred. It is expected that in the financial year ending 30 June 2018, a higher level of capital expenditure will be incurred. Thus, a deferred tax liability will be recognised in respect of the carrying value of this capital expenditure at the end of each financial year. The setting up of this deferred tax liability will generate a deferred tax debit (i.e. an expense) in the profit or loss account in the financial year in which the expenditure is incurred. This debit will match the tax value of the deduction available for the capital expenditure which is reflected in calculating the income tax charge in the profit or loss such that the net effect is that no overall tax debit nor credit arises from the initial set up of the asset and the tax deduction claimed in the income tax return. As the asset (from the capital expenditure) is depreciated however, the deferred tax liability in the balance sheet will gradually reverse, generating a tax credit (i.e. a gain) in the profit or loss account. The overall effect of this subsequent reversal is to allocate the tax deduction generated by the capital expenditure for the purposes of the profit or loss account over the period during which the asset is depreciated notwithstanding that for cash tax purposes an immediate deduction is available.
By Order

Q4 minimum 62m, I expect 68m, blue sky scenario 72m

today is last day to buy to get free warrant. buy x 1000

for every increase of USD1 to brent price is equivalent to RM3.672m to the bottom line

going to touch USD 78 soon!!!

brent USD 77.22!!!! next target USD 80!!!

hopefully brent touch USD77 tonight!!!

government need to pump priming.
government need to spend money so that we can earn money

market sentiment is bad. nothing wrong with this counter

FX now is 4.025... among all the export counters in Malaysia bursa, Hibiscus is trading at the lowest PE 4-5x

wow Kenneth bought more shares yesterday. good sign of confidence

estimated 3% dividend yield + free warrant or bonus issues (I put a value of 3%)

so average of 3% price growth + 3% dividend + 3% bonus/warrant issue = 9%

the court did not decide anything regarding PDA or OMO.
basically, nothing is decided!!!

http://www.theedgemarkets.com/article/apex-court-dismisses-petronas-challenge-against-sarawak

"Anything that we do will not interfere with current arrangements, we are not going to make it more difficult for the investors, that is one thing that we can assure. July 1 is the date when we want to ensure this is being implemented, obviously in our engagement with stakeholders before, they have indicated that we will give grace period or interim period until the end of 2019, this is actually been made known to everybody there, so they don't need to worry that their operation will be disrupted," Talat Mahmood said.

check out ALLIANCE DBS latest report :-

http://www.bursamalaysia.com/market/listed-companies/list-of-companies/plc-profile.html?stock_code=5199

according to them, the CORE NET PROFIT IS RM19.3m
means, this quarter contribution from anasuria will be USD 75/USD 65 = 1.15 x 19.3m = 22 million!!!

and since North sabah production is 5500 bpd. Simple calculation :- 5500 bpd / 3000 bpd (anasuria) = 1.833 x 22 = 40.3m

22m (anasuria) + 40.3m (north sabah) = 62.3m NP (this is my minimum estimation because north sabah crude is USD 5 higher than brent price. Also, i did not take into account North Sabah OPEX is so low, USD 15 only)

Oil is above USD 75
RM/USD is above 4

buy buy buy

anything to do with vincent tan, do not touch. he will never take care of shareholders

next catalyst is announcement of the anasuria side trackwell completion

anybody plan to attend the AGM this 14th June?

negative goodwill = purchase price of asset - fair value of the asset
Therefore

112m = USD 25m x 4.0 exchange rate (RM100m ) - fair value

Fair value = 100 + 112 = 212m

212m / 5 quarter of production = 42.4m per quarter @ average price of USD 62 per barrel

Next quarter report will be around 75/62 x 42.4 = 51m from north sabah

For anasuria i will take 15m

Therefore total NP = 51 + 15 = 66m

i repost this OIL ROYALTY issue since it's important for hibiscus petroleum

http://www.thesundaily.my/node/255796

alliance DBS target price of RM1.48 is based on oil price assumption of USD 60
if oil price is USD 75, the new target price is actually RM2.00!!!

huge buy q before close

average gross oil production is 15000 bpd
allocated to hibiscus is only 5500bpd

Dericlock, Malaysia tax cannot be more that UK tax. UK can tax up to 49% of income while Malaysia is capped at 24%

alliance dbs is projecting a profit margin of 32%

Dericlock,

assuming revenue of 269m, how much NP you project? can comfortably take 30% profit margin?
269m x 0.30 = 80.7 million?

I see public bank giving profit margin of 38% for year 2019!!!!

ben ben bought more today!!!

director start buying. good sign

result is considered good because share price has been bashed down so low

good article

flat result , however good dividend, 1 cent

this article is dated 17th January 2018 is not up to date

because I cannot find anywhere online their research paper

please provide research by Alliance DBS , so that we can confirm what they have written is true or just fake news

harap harap issue ambil alih splash dapat selesai july 4 ini

is DBS analyst report out yet? please share . TQ

warrant buffet say 12% dividend yield is the ultimate buffer , this stock has been bashed down, no eye see

dividend 0.19 cent/ current price RM2.06 = 9.22%!!! dividend yield. crazy man

Look at their production n off take , sold , calculation and you will find that they sold less this quarter and have huge inventory for next quarter

Those that cry disappointing results are trying to buy cheap on Wednesday

yes good result. it is in line to make 220million in year 2018. which will be target RM3.70

result out!!!

good result against current price. PE 7.4x

An amount of RM3.75 million of PCS revenue was
recognised in immediate preceding quarter.

Also management will not use the word 'recognised' if its for future quarter earning because it is past tense. not future tense

Strong results, rm71m revenue with 28.7m profit. furthermore note that 3.75m recognition from the portable fuel container project is deferred to Q2. That is a strong indication for the next upcoming results. Also some good announcements coming. 50sen within sight.

from my understanding, 'Immediate preceding quarter' means already realised last quarter

The Group’s energy business continues to experience significant competitive pressure in an environment of
declining oil and gas activities. The reduction in the energy revenue is also caused by a delay in executing
portable container system (“PCS”) due to site readiness. An amount of RM3.75 million of PCS revenue was
recognised in immediate preceding quarter.

very very good result even with recognizing of 3.75m in preceding quarter

0.19 dividend / RM 2.64 = 7.2% dividend yield