Bro Chong, PE ratio 5 means what? Means 1.33 x 5?

if 1.00, then profit margin is about (1.00-0.70)/0.70 = 42%

so brother Chong, what is the expected target price for Malton?
heard about privatize for long time but nothing happen.

i always dream to have Maltom hit 2.00 because I am having her also. Just tired to place hope on it because not able to perform as expected so a long long time.

think still not able to shoot up very high because she is still sleeping

many undervalued stocks i heard but is this is real undervalue one? Intrinsic = 6.69? I think that's too high as now only 2.40. Even target price set by some firms only 3.25 the highest

if you get cought, then have to hold

no idea. profit taking after up from 0.18 till now

Its first special purpose acquisition company has obtained the green light from the SC to acquire 35% equity stake in Lime Petroleum plc for US$55 million cash. But it will still need to hold an EGM and 75% of the non management shareholdersâ?? approval to complete the qualifying acquisition exercise. The EGM for the shareholders to vote on the transaction will be in late March 2012 or early April 2012. To recap, Hibiscus proposed the acquisition in Oct 2011 that would enable it to venture into oil exploration and production activities in the Middle East. Lime is the holding company of Lime Petroleum Ltd, which in turn has substantial interest in three concession companies with concession rights in the offshore oil and gas exploration assets. Lime Petroleum will be commencing a seismic programme soon to locate the drilling locations and these activities will enhance the value of the assets. In addition, it is working to add new concessions to Hibiscusâ?? portfolio. Market observers said that the investment risk in Hibiscus will rise once Hibiscus makes it first asset purchase. Shareholders are guaranteed a minimum refund of 90% of Hibiscusâ?? IPO price if the SPAC fails to identify and complete any asset acquisition within three years if investors vote against the proposed acquisitions. This is one of the listing requirements for SPAC. At least 90% of IPO proceeds must be placed in trust accounts managed by an independent custodian. However, once a qualify acquisition is approved, the refund guarantee is no longer applicable. In other words, the risk escalate at that point when Hibiscus purchases its first asset. MUCH WILL DEPEND ON WHETHER THEY STRIKE IN THE MIDDLE EAST! Investors who deiced to maintain their investments will face risk factors such as lack of track record in Lime Engineering and the uncertainty of the commercialization of oil resources. E&P companies are exposed to risk during the lifecycle of developing oilfield. Results of evaluation and production are uncertain and wells may not produce sufficient crude oil and revenues to return to positive cash flow. Hibiscus Petroleum may need to obtain more funding in 2012 and farm out contracts to support its development. There is no assurance that additional funding will be available on acceptable terms. And any farm out could dilute the control that Lime has on the concessions. Other possible risk factors include fluctuation oil and gas prices, which can impact revenue as well as geopolitical risks in the region. There is also concern that other substantial shareholders might sell down their stakes in Hibiscus. Note that 265 million shares were placed out to selected investors in the IPO. Substantial shareholders that emerged after the IPO were Lionel Lee Chye Tek (9.6%), Mercury Pacific Marine Ltd (6.7%), Picadilly Middle East Ltd (5.8%) and White Ruby Worldwide Inc (5%). While these new substantial shareholders are not subject to any moratorium, they have not sold down their stakes in the company as at Feb 2012. Initial investors before the IPO collectively hold only 5% equity interest. Another 20% of Hibiscus is held by the management via Hibiscus Upstream. As part of the moratorium, management is only allowed to sell, transfer and assign 50% of its held securities after the completion of the QA. To ally shareholdersâ?? fear, management has signed a binding agreement to discourage members from exiting the company early. If any of the management team wishes to sell his or her shares within a three year period from the listing date, then those shares must be sold to the other team members at a 30% discount to market price. In addition to the 20% stake, management also holds 83.6 million warrants, which when they fully exercised, will bump its stake to 33%. A drilling programme is being tentatively planned for 4QFY2012. If it makes a discovery, it will seek to commercialize it soon afterwards. Hibiscusâ?? 35% stake in Lime Petroleum is valued at between rm1.01 and rm1.33 per share. This is based on a 50% chance of commercialization from the estimated 157.6 million barrels of oil equivalent in the concession. In addition, Hibiscus can add more concessions in the future. The shareholders of Lime Petroleum are also eyeing a listing on the AIM in London. This will be after the valuation of Lime has been enhanced from drilling activities and hopefully, after the commercial discovery of hydrocarbons. This will benefit both Lime and Hibiscus as proceeds raised from the potential AIM listing will be used to fund further drilling and/or development activities. If Lime Petroleum gets listed on AIM, Hibiscus shareholders will not have to part with cash in the future.

Hibiscus hold an EGM and 75% of the non management shareholdersâ?? approval to complete the qualifying acquisition exercise in late March 2012 or early April 2012

Overall, still worth to hold

Gap is slowly closes up. Now only 0.61

panic selling, grab now. keke

Its first special purpose acquisition company has obtained the green light from the SC to acquire 35% equity stake in Lime Petroleum plc for US$55 million cash. But it will still need to hold an EGM and 75% of the non management shareholdersâ?? approval to complete the qualifying acquisition exercise. The EGM for the shareholders to vote on the transaction will be in late March 2012 or early April 2012. To recap, Hibiscus proposed the acquisition in Oct 2011 that would enable it to venture into oil exploration and production activities in the Middle East. Lime is the holding company of Lime Petroleum Ltd, which in turn has substantial interest in three concession companies with concession rights in the offshore oil and gas exploration assets. Lime Petroleum will be commencing a seismic programme soon to locate the drilling locations and these activities will enhance the value of the assets. In addition, it is working to add new concessions to Hibiscusâ?? portfolio. Market observers said that the investment risk in Hibiscus will rise once Hibiscus makes it first asset purchase. Shareholders are guaranteed a minimum refund of 90% of Hibiscusâ?? IPO price if the SPAC fails to identify and complete any asset acquisition within three years if investors vote against the proposed acquisitions. This is one of the listing requirements for SPAC. At least 90% of IPO proceeds must be placed in trust accounts managed by an independent custodian. However, once a qualify acquisition is approved, the refund guarantee is no longer applicable. In other words, the risk escalate at that point when Hibiscus purchases its first asset. MUCH WILL DEPEND ON WHETHER THEY STRIKE IN THE MIDDLE EAST! Investors who deiced to maintain their investments will face risk factors such as lack of track record in Lime Engineering and the uncertainty of the commercialization of oil resources. E&P companies are exposed to risk during the lifecycle of developing oilfield. Results of evaluation and production are uncertain and wells may not produce sufficient crude oil and revenues to return to positive cash flow. Hibiscus Petroleum may need to obtain more funding in 2012 and farm out contracts to support its development. There is no assurance that additional funding will be available on acceptable terms. And any farm out could dilute the control that Lime has on the concessions. Other possible risk factors include fluctuation oil and gas prices, which can impact revenue as well as geopolitical risks in the region. There is also concern that other substantial shareholders might sell down their stakes in Hibiscus. Note that 265 million shares were placed out to selected investors in the IPO. Substantial shareholders that emerged after the IPO were Lionel Lee Chye Tek (9.6%), Mercury Pacific Marine Ltd (6.7%), Picadilly Middle East Ltd (5.8%) and White Ruby Worldwide Inc (5%). While these new substantial shareholders are not subject to any moratorium, they have not sold down their stakes in the company as at Feb 2012. Initial investors before the IPO collectively hold only 5% equity interest. Another 20% of Hibiscus is held by the management via Hibiscus Upstream. As part of the moratorium, management is only allowed to sell, transfer and assign 50% of its held securities after the completion of the QA. To ally shareholdersâ?? fear, management has signed a binding agreement to discourage members from exiting the company early. If any of the management team wishes to sell his or her shares within a three year period from the listing date, then those shares must be sold to the other team members at a 30% discount to market price. In addition to the 20% stake, management also holds 83.6 million warrants, which when they fully exercised, will bump its stake to 33%. A drilling programme is being tentatively planned for 4QFY2012. If it makes a discovery, it will seek to commercialize it soon afterwards. Hibiscusâ?? 35% stake in Lime Petroleum is valued at between rm1.01 and rm1.33 per share. This is based on a 50% chance of commercialization from the estimated 157.6 million barrels of oil equivalent in the concession. In addition, Hibiscus can add more concessions in the future. The shareholders of Lime Petroleum are also eyeing a listing on the AIM in London. This will be after the valuation of Lime has been enhanced from drilling activities and hopefully, after the commercial discovery of hydrocarbons. This will benefit both Lime and Hibiscus as proceeds raised from the potential AIM listing will be used to fund further drilling and/or development activities. If Lime Petroleum gets listed on AIM, Hibiscus shareholders will not have to part with cash in the future.

Hibiscus hold an EGM and 75% of the non management shareholdersâ?? approval to complete the qualifying acquisition exercise in late March 2012 or early April 2012

Overall, still worth to hold

ya, think so. so i would rather sell off. the rebound seems failed.

but the stock price not move instead fluctuating. Privatize has been heard for long time but no action. Don't think this is good to accumulate. Stuck the money there without knowing the future

then you are trapped

Hi Daniel,
wow, nice to hear that. Let's start to accumulate. But should we accumulate Malton or Malton-wb?

i observed few times, if the mother stick there, then son will up. If you noticed, go back to previous months. The mother dropped twice to close gap with son + exercise price. The 3rd time, the son up to close gap. Now similar, the mother drop from 1.94 highest trying to close the gap. At 1.84, continue to drop to meet up. But the mother is likely not going to compensate in drop, so the next is son up to close the gap.
From the past, the son may close the gap by tomorrow or day after tomorrow. Let's see whether the history repeat. Good luck.

hahaha. tembak saja. anyway, gap will be close soon either mother drop or son up

what is the target price?

No body talk about this counter....

no worry, today sure up.

discounting, either mother will drop or son will up to close the gap as earlier

start to move today, will come again tomorrow, pretty breakout from squeeze

may be no dividend payout but only capital repayment. And may be capital repayment is not attractive.

Hi Experts,
This is another dividend of 4.60 or capital reduction? What is the different? Please share with me, thanks!

Agreed. But likely happen in 2013 from the Feng Shui perspective

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