Bloomberg : Salutica "Recession Proof", Big Growth Ahead: CEO

https://www.youtube.com/watch?v=P1a-bk47Cgc

Q1 results on Thurs noon or evening

Near to our target
AirAsia’s share price has surged by 30% after releasing its positive 4Q15
results in end-Feb 2016. It is now at our TP of MYR1.80, and we
downgrade the stock to a HOLD. Should the share price spike further on
this privatisation angle, we recommend investors to take profit and
recycle the booty into other quality airlines such as IndiGo and Cebu Air.

Revise from buy to hold

From Maybank Research today

Facts are unconvincing for it to happen this time
AirAsia has called for an Extraordinary General Meeting (EGM) on 15 Dec
2015 just to secure shareholders’ mandate to buy back 10% of its shares,
effectively sending a firm message that it is not for sale. AirAsia has
commenced its first buy back tranche shortly after announcing its 4Q15
results in Feb 2016. This maiden buy back proves that the management is
making good of its ‘not for sale’ declaration. Furthermore, Tune Air has
not accumulated shares in AirAsia for the past 12 months, according to
filings to the Malaysian stock exchange. And if China Everbright has, the
stake will be less than 5% which does not require filing to the exchange.

QR next wed according to CIMB calender.

News that Sona will be signing a tripartite agreement with Salamander and Ophir, on new oil price structure for profit sharing

http://www.bfm.my/sm-salvatore-dali-malaysiafinance-greece-is-the-word-150107.html

If this is true, using the latest net profit margin, the PAT will 14 millions for Q4!!!!

If all recognised , Q4 revenue will be more than 42 millions ?

Solidcross, Confirmed all 100 millions revenue is recognised this year ?

Brahmal ceased to be substantial shareholder

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1734209

Heard from investment banker the conversion price of warrant is RM0.10

The upcoming profit is fantastic!

Don't worry... The article mentioned the company has more or less won the bid and is waiting for the letter of award from the Custom Department.....
So the company has to denied and only announced after they got the letter of award

Today signing with Digi for their Telco businness......

It's possible before QA completed as you can't convert the warrant. Therefore no one can make the arbitrage profit. At one time , the different between Hibiscus mother and warrant almost 0.90 before the QA completed even though the conversion is 0.50. But once QA completed, the gap will be narrow down to at par.

Will check. Thank you

Prcwife, don't mind sharing where u get this info. Thanks

haha...thanks

Hhakim....thanks...is this consider good? Sorry....I'm not in oil and gas....

Sklyte.... Appreciate your input. I am the investor for Hibiscus as well. No doubt they hv good assets. The problem with Hibiscus now are
1. Cash flow problem.....the only cash they hv now is the money from conversion of warrant which they hv stated that they want to use it for the next Oman exploration. They seems not be able the raise the further fund from CRPS 2 where the minimum price is RM 1.80. After the expiry of CRPS 2, they hv to lower the minimum price of CRPS...
2. The partners Rex and 3d oil hv much lower valuation from Hibiscus. Furthermore , after conversion of warrant, the share base will double....therefore appear to be much more expensive compare Rex and 3d oil. 3 d oil is only Aud 0.075....therefore, fr an investor point of view, if I want to invest in asset in Lime( Middleast and Norway), I will go for Rex....if I want invest in the Australia assets in Hibiscus.... I can go for 3d oil.
This explain the depress share price of Hibiscus.....just my 2 cents.....

Hi Hhakim and Investoraa2006. I try to digest the latest AGM Investor presentation on May 6,2014.
On pg 9, they show the evolution of reserves and resources and the 2P and 2C production profile for the next 10 years.....On pg 11, they show the Bualuang field operating cost forecast...It seems the cost is expected to decrease fr nearly 80 Millions dollar from 2014 to 50 millions dollars in 2015 and 2016. Can u guys hv some insight on this?
http://www.salamander-energy.com/system/files/uploads/financialdocs/Salamander_AGM2014_Presentation.pdf

Thanks. Hhakim.

Thank you for the input from both oil expert Hhakim and investoraa2006. Really appreciate it....
At least we hv a much better picture. By the way, Hhakim can u pls comment on investoraa2006 latest comment?

The moratorium on securities on Hibiscus and Cliq is up to the completion of QA. For Sona is up to one full year of audited revenue.

USD denominated loan will match us interest rate....not Malaysia

@Investoraa2006, Sona is paying around 20 dollar per barrel of 2P and 13.6 dollar per barrel( assuming 50% 2C matured). In the oil and gas industry, is it consider a fair deal? Thanks.

I am trying to digest this. Hope the expert can give some advice. Thanks

Haha...Starinvestor....I read it on investor village. Im new on this, try to learn here.
Here is the link:
http://www.investorvillage.com/smbd.asp?mb=17822&mn=462&pt=msg&mid=13888845
http://www.investorvillage.com/smbd.asp?mb=17822&mn=466&pt=msg&mid=13889039

@investoraaa2006. Based on your comment, after the deal,Sona will hv 40% of the cashflow that around USD34.4 millions yearly. At the same time, they hv 2 exploration well. I hv read on comment on Salamender thread, Sona is getting a good deal as they are paying 19 dollar per barrel of 2P reserve....can u comment on this? Thank you in advance.

Thank you. Investoraaa2006. We need people like u and Hhakim to give rational and reasonable comment.

@investoraa2006.....Sona acquire 40% stake that is USD 34.4 millions yearly? Based on your calculation,, it is IRR of nearly 14%?

@ Eric Wong. Sona have to get SC approval then only call for EGM. June 16 is just purely AGM...

And Sklyte....appreciate pls put up some figure ( make sure it is a production field) for comparison....you should hv figure on hand to give such conclusion....

At Sklyte....3 D oil is development field....u can't use this to compare..... You must hv an example of a production field to compare,,,,

But Marksmenship.....Hibiscus bought exploration assets ( Lime) and development asset ( 3 D oil). They hv yet to get production assets as they do not hv fund yet . We hv to compare apple to Apple right? Just my 2 cents

To Hhakim, if 50% royalty is usd 86 millions that is RM 258 millions - operating cost. Even 20% of RM 258 millions is RM 51.6 millions. Sounds good right? Just my 2 cent.....

Thank Hhakim. Learn a lot just from your simple explanation.

Hi Hhakim, Bualuang produce 12000 barrel daily, 40% stake is 4800 barrel daily. This translate to 4800X 100 per barrel = Usd 480000 daily....usd 14.4 millions monthly....172.8 millions yearly. For 172.8 millions how much is the profit yearly? And what is the estimated pay back period for the initial 250 millions?

Thank you Hhakim. Appreciate so much of your comment.

Typo...expert....

Hi Hhakim, hope repert like u is O&G industry can help us to understand the figure. TQVM

Furthermore the 14 millions barrel of 2P is the initial reserve on 2008. Now the 2P reserve expected to increase right?

Hi Hhakim, Sona is paying 250 millions for Bualuang, this translate to 18 dollar per producing barrel of 2P. I read the Salamender forum saying Sona got a screaming good deal. What is your opinion? Thanks

http://www.investorvillage.com/smbd.asp?mb=17822&mn=423&pt=msg&mid=13871525

TLTAN, Sona is bidding for their assets in Thailand? If let say Cepsa buying the entire capital, then the SEA assets will not be available anymore right?