@ calvintaneng... am curious, what are you still doing in this space?

he's full of crap la.. wont even admit when he makes a mistake...

@ calvintaneng , you made a mistake in the calculations from the disposal as you failed to take into account the shareholders loan that was tagged to that property of rm 404 million, hence profit is only RM 31.2 million.


"The Shopping Complex Mentioned for Disposal is the one in Middle Road worth Rm594.8 million book value. According to TheEdgeDaily the assets were sold for Rm1.03 billions gross.

http://www.theedgemarkets.com/my/article/parkson-sell-interest-china-unit

So there is a gain of Rm435.2 millions gross or a gain of 73.1% "

yup... big show, down by 5 %...

it cant be going up everyday right? its about time there was a correction, if you cant hold this stock for 2-3 years than dont get into it.

becareful not to get caught. buy only if you can afford to hold

seems like the land sale belongs to Tan Sri and not CHHB

http://www.theedgeproperty.com.my/content/1027103/country-heights%E2%80%99-lee-sell-mines-resort-land

if you read the reports you would know that this has already been allocated in their P&L

when reading reports, i find a companies cash flow statements a better measure of how the company is doing. my take is the reason HIB shares are low is due to their cash flow problems and them continuing issuing shares to address this problem.

thats the best way to look at it... 2-3 year investment.

i dont think it will go up much as they have just concluded the price for the new shares.

announced dividend of 5 cents but have not determined the payment date. rev & profit us up

i think the problem is that they have not taken into account he losses of the siam power plant, which the carrying cost is about rm 230 mill

no such thing. its still trading... now at 4.38

Trumps energy policy " We will use our vast coal, shale gas, and other American energy sources in a clean and appropriate manner to benefit American families and workers, not for the economic benefit of the politically-connected. Support coal jobs, safe fracking, energy from offshore and public lands and the Keystone Pipeline, which can be done responsibly."

alot of shares changing hands at 9 cents, distribution?

im in this for the long term, "simpanan hari tua anda"

still long way to go for my average purchase price of 0.64 :(

long term investment should be ok for this company at this price. What i like is that they are not hiding anything in the books and the losses in Lime has been taken into account. In the event they win the court case, then it will be written back.

Vc1922... for 2 years you have been singing the same song... lo

i think this will be one for the long term. Hence ill subscribe to the rights issue.

i think the share price will run up prior to the ex date, this is not one to play contra or short term... i think should be ok in the long term. these are my views only

not sure what to make our of this... if all of this is implemented, total shares will be 3.4 billion, thats a lot of shares for a

dilution of shares again...

lets hope its a genuine uptrend, i think this counter has been bashed down so much that it was due to a rebound

dont get fooled by the last P&L, looks like they are making $$ but all this is just on paper... they are just breaking even(maybe 3 mill profit). Huge numbers you saw in the last report was due to "reevaluation of assets". Better way to look if a company is healthy is to look at the cash flow statements. Having said that, it is still ok as their only long term debts Anasuria purchase(credit with Shell) is manageable. I still fell that all their top management should take a pay cut.

while hibiscus was no angel in this matter, i think that Rex acted in bad faith with regards to this venture by moving out all the assets to their entity. Would be interesting to see the outcome of their suit in Norway. If Rex defense is to apply for a stay of the Suit pending
arbitration of disputes under the SHA, looks like they have something to hide also.

looks like Rex is trying to tai chi its way out of things now... http://rex.listedcompany.com/newsroom/20160928_171105_5WH_4W2C5YMNH29LM555.1.pdf

no news complain, got good news also complain... how la...

when people starts mentioning about target price, that's the time to get out...

koyak already la.. dont think can even sell

just read that Rex has announced that there has been no appeals to the judgement in the Isle of Man. Although HIB has already taken this into account, he needs to take responsibility for this and step down.

does not help when they keep on issuing new shares all the time.

well the counter has been oversold.. dont think there is anything new to it..

well to be fair, the only reason why HIB posted a profit was due to them recognizing a fair value gain of rm 135 mill, if they did not, there would have been a loss of RM 49 million for this quarter.

They still have a producing asset but with all O&G companies, times are bad now. They would need to somehow bring down their operating cost.

no idea.. sounds like a broken violin

market so bad, how to launch this project. I think its quite prudent of them to delay the launch

jackpot from capital repayment from MAA Group :)

getting out of Hydra deal is good for the company...

i think they will continue to issue more shares at 0.10... will only look at this counter after October

@ koyokui itronic only has 259,200 shares in solution. They have been slowly selling it for a while already...

4 years continues losses and you say got a lot of solution??

there will not be any profit in May qtr, they will still post a loss until they fully write off the investment in Lime. Expect losses for the next 3 quarters

maybe it could be due to their margins being eroded, 2013 was 9%, 2014 was 5%, 2015 was 2%. That itself justifies a sell call by the analysis

operation pump and dump has begun.

Clearly something is not right with the restructuring of LPN.


The following restructuring exercise was purportedly undertaken by LPN:

(a) The share capital was reduced by reducing the nominal value of the shares from NOK100 per share to NOK86 per share. The amount so reduced was used to cover losses of LPN that purportedly could not have been covered in any other way;

(b) LPN’s share capital was then reduced (by NOK77,400,000) from NOK328,520,000 to NOK251,120,000 by cancelling 900,000 shares then held by Rex InternationaI Investments Pte Ltd (“Rex”). The amount of NOK77,400,000 (created by cancelling the 900,000 shares) was then paid, by way of a selective return of capital, solely to Rex on a preferential basis (thus giving Rex an unreasonable benefit at the expense of Lime Plc, which was LPN’s majority and only other shareholder);

(c) The share capital of LPN was then reduced from NOK251,120,000 to NOK2,920,000 by reducing the nominal value of each share of LPN from NOK86 per share to NOK1 per share;

(d) LPN then issued 77,400,000 new shares to Rex for a consideration of NOK1 per share, such consideration of which was “satisfied” by Rex paying the NOK77,400,000 amount received from LPN (under the selective capital repayment under (b) above) back to LPN;

(e) As a result of the above, Rex purportedly acquired an additional 70.3% shareholding interest in LPN (an increase from 26.2% to 96.5%) without having to pay any additional monies to LPN (as the subscription monies for the new issue of shares came from LPN itself, pursuant to the selective capital repayment under (b) above).

i would disregard whatever Rex is announcing, its becoming more like "he says, she says"; let the courts decide. I believe that Hibiscus has got a pretty strong case against the board of Lime Plc which stopped it from participating in the restructuring of Lime Norway and the very fact of the selective capital repayment solely to Rex by Lime Norway, which Rex used to inject/purchase new shares in Lime Norway. Does not add up as Hibiscus was a 35% shareholder during that time but no $ was given to them. Borderline fraud!!

They may have had their disagreements but to systematically strip assets from Lime Plc/Lime Petroleum goes to show you the game they are playing. Rex could have bought Hibiscus out but they chose to go this way so lets the courts decide.

still think they will post a lost for the remaining of the year as the management has decided to take the hit on their investment in Rex. That being said, this will be written back if they win the court case, win win on every aspect.

Rights issue, means they want $$ from you. Entitlement 6 shares for every 4 shares and free 3 warrants for every 6 shares subscribed