Those who jump from Sap then to Armada then to Hibiscus kena triple kill liao. Probably should never touch an oil counter ever again, hahahha

The way it was pressed down, is really brutal mang

That is why I say I'm ill prepared to invest in Hibiscus. This is not straight forward, and simply reading the financial report. Educate educate educate. Tuition fees are expensive these days hahaha

OK. Time to educate ourself. I am underprepared for this... https://www.pwc.com/id/en/publications/assets/eumpublications/financial-reporting-in-the-oil-and-gas-industry.pdf

intangible assets increased by 300m though hahaha, this is getting nonsensical, did they declare the entire possible barrels of oil as intangibles?

comparing with dialog they have like only 200m intangible assets. Hmm, gotta dig deeper

did they ever explain what the intangible assets are? That's like 1.3billion worth yo

I guess no point for me to dread over a withering flower for now. Selamat Hari Merdeka all! May the odds be ever in your favour!

Oh well, I'm going to just simpan bawah bantal whatever I have. However, I'll monitor the closing carefully.

If follow this bugger though, he chart it brilliantly, entry circa 95 sen, where 97.5 low today is not too far off.. https://klse.i3investor.com/blogs/kenangaresearch/171484.jsp

IF the intention is to flush out the small timers, then they have done it brilliantly. However if there is even a more sinister underlying motive, mampusla

Waw. I thought I'm smart getting it early at 1.05, mana tahu kena fark upside down.

lol. i came back and wtf. i dont even.... hahaha, i give up. FML

Nice blocking at 1.08 to eat more 1.07. Anyway I'm outta here till later today. Be good bois.

Lol, manyak cantik this guy buat lawak early in the morning hahahah

Look at the selling Transaction.... Retailers volume all around. Sad

Shaking them weak holders, margins, contrarians, small timers, retailers, ikan bilis, etc.

However the weakness won't hold forever. Once the shake is done, normality will resume.

Well, that might or might not be happening. For now, I feel safe to enter around this price point. For all it's worth, there's a heavy profit taking going on. If it manages to weather this pressure admirably before end of day today, I will be a happy camper

I really don't understand, give good opportunity to enter, still hesitate. Buy, put under pillow, come again before next QR. Happy liao

Long weekend, take profit. Enjoice. Buy lower. Enjoice.

Nothing is wrong with profit taking, nothing at all

Beli 1.05. now imma sit back and relax

Beli lagi lol

I bet those who are screaming sell either do not possess hibiscus or aiming to buy it today.... Lol

4444 Fake profit? Why no dividend?

When they even consider to raise funds through debts then it's obvious that they need all the cash that they can get their hands on. They did have some brief explanations here and there about cap.ex as well as undergoing/future projects. Not to forget other possible projects that they might bid on...

Hope you guys understand that I'm not trying to rain on your parade, but it's good to have all the information handy, rather than just basking on the glory without knowing the possible pitfalls that might be hiding behind a corner.

Having said that, I wish we all will profit from Hibiscus not just tomorrow, but for all the good times to come!

And the final word of caution tonight:

All our activities and acquisitions to-date have been funded with equity and internally generated funds.Over the course of the next nine months, we anticipate that we shall put in place a certain quantum of debt facilities to ensure that the projects and opportunities we have in hand, which are expected to enhance production and create value, may be executed smoothly. Subject to being successful in establishing such debt facilities, our intention is to limit borrowings to a conservative level of gearing. In addition, we will attempt to secure a facility that is flexible (revolving credit) in order that we minimize any form of interest or financial expense. It is hoped that through this exercise, our overall weighted average cost of capital will be optimized.


Not necessarily bad news though, as debt is way cheaper than any other way to raise funds. But yeah, Hibiscus will soon no longer be debt-free. We'll monitor how it will turn out obviously.

Must also consider this line here:

Whilst the production rate and uptime were fairly consistent with performance in the Preceding Quarter, the OPEX per bbl for North Sabah saw a reduction of approximately 37% to USD8.15 per bbl. The Company expects the OPEX per bbl to increase over the next two financial quarters with a ramp-up in planned maintenance activities.

So obviously that 8.15 per bbl cost is not sustainable and should even out over time.

word of caution though ...

There were two oil offtakes conducted with a total of 623,544 bbls of oil net to SEA Hibiscus sold in the Current Quarter.

Meaning that next quarter, there might be just 1 or even 0 offtakes as they might sell 2 offtakes from Anasuria instead. So, there might still be some consideration. This is pure speculation on my part of course

And that is for Anasuria alone....

"As of the date of this report, the Company has successfully completed two crude oil offtakes (524,432 bbls) for the financial quarter ending 30 September 2018 (“1Q 19”). This is expected to contribute favourably to our financial performance for 1Q 19" ...

This alone should send a signal that the next quarter, barring any troubles will be delicous!

Drop is good what, can sapuuuuuuu

Investors might even factor in a bumper earnings next quarter from 2x Anasuria + North Sabah early. So I expect some reaction tomorrow and the following weeks. Should there be no reaction, then simply sailang early and sleep on it until next quarter, ahhaha

I will sailang on pullback this coming month. I'm going to position myself before the expectation of next quarter sets in. When the euphoria die down and profit taking takes place, then it will be time to load more. TA will be my friend for the next 3 months. This gon b gud.

Why want candle, I just one one dash hahahah

I'm glad I let go singa for the sake of Bunga Raya.

Why the hate on negative goodwill? It shows astute acquisition and good management. Furthermore you can't just deduct n.g. from pat as iinm n.g. is taxable as well

I'll spend the night dissecting the result to decide whether to chase some more or to maintain holdings for tomorrow

Holy crap. THIS IS AMAZING. Blows every expectation! Look at the cash flows. Sweet sweet cash . I'm glad I chased this beauty lol.

probably wont be huge, but there will definitely be some drop tomorrow, furthermore Friday is holiday. so can expect a solid selling pressure. I will vacate my small position and will give this counter a miss until further development with regards to Malaysia mega projects...

wow. it's really really bad. would love to catch at bottom. good for my retirement fund hahah

well, we'll see some selling pressure early on tomorrow, thats' for sure

1 Revenue 324,694 vs 290,764
3 Profit/(loss) for the period 7,982 vs 10,589

Revenue increase, profit drops

mampuslaaaa

Loading up my eikon getting ready for qr. Weee

When I know that it will announce a reduced profit for the next quarter which will be announced before then end of the month, we sold some shares to raise funds so that we can buy it back at cheaper prices.


..leaks I guess. Brace for incoming waterfall

If they want to clean out then it'll be rm1 instead lol

pretend insiderla, you think insider will simply post here issit?

most important is to look at it's cash flow... reduction of almost 400m to 1.4bil. Hmmm, I'm not well versed with this share, but next place to look at is its order book....