Seems theres a lot of confusion as to the "discount" to purchase price about USD78m. I was informed that this was a dividend paid out by Repsol for 2021 which was passed on to Hibiscus. Hibiscus really need to explain in detail how amazingly good this acquisition is.

So far not seen any mention of this ban from China...

https://www.wisfarmer.com/story/news/2021/09/28/china-halts-phosphate-exports-fertilizer-prices-expected-soar/5907300001/

Genuinely wish everyone still holding Serba all the best. Its sad to see this happen but I urge everyone to have an objective mind regarding KPMG allegations.

Serba's view is that they need another "independent" third party to verify KPMG claims. Impliedly Serba is claiming KPMG's view is not "independent". Why would KPMG act against their client's best interest? This is a professional accounting firm which has nothing to gain from this.

I don't know if its confirmed suspended on Monday la, wait for announcement. Maybe ppl selling now jumping the gun :)

I heard Monday will be suspended pending JV announcement.

@Smartly I got allocated about 10% of the excess I applied for.

I am quite happy I managed to get excess RI shares. Now my average cost is RM1.89 nett after deducting brokerage etc. :)

Hello,

Does anyone know when we will find out if we successfully applied for excess MKH rights issue shares?

@Faralenz77 I believe market is not as sensitive to US rate hikes as last two years already. Even with concensus 90% expecting march US rate hike and 3-4 rate hikes this year our market has not sold off.

I am a shareholder of bornoil but I just want to correct some of the misconception that is being said on this thread for the benefit of the newbies.

When US interest rate goes up the usual correlation to gold price is that gold will go down. Current outlook for US rate hikes is 3-4 times this year, hence gold prices are not expected to rally. I do not sell because I am a long term investor.

@beza, share investing also want to raise race issue?? Look beyond skin colour la come on.

wow

Stabilising manager can buy back up to 10% of the shares in the first 30 days.

@contender it is in the prospectus. You go check properly. I sold off all at 1.54 liao.

It has a stabilising manager so it wont drop below 1.49/1.48 I think.

Dont any of you realize that the latest Q result is not 3 month but 4 month results? Nothing fantastic at all about the results. Whats the diff only 1 extra month counted you might ask. 1/3 more is 33% difference...

In one month time this counter gonna trade below IPO and emulate AAX and ICON.

http://www.theedgemarkets.com/my/article/serba-dinamik-posts-3q-profit-rm4466m-ahead-listing

3Q profit. No comparison so Im not sure if its increased or not? Anybody got input?

@BN_Menang - If you do remember correctly the price did drop from 2+ to 1.9x. Go back to history.

It will only trade downwards until private placement is completed. Likely to trade below 1.70.

I am applying. Oil and Gas stocks have good sentiment now. Should do well this IPO plus financials are good.

Hi MC_Wei,

My stock pick as follows:-
1) SKPetro - 20%
2) Icon - 5%
3) Bornoil - 10%
4)Affin Bank - 10%
5) Ecoworld - 10%
6) CIMB Bank - 10%
7) HSPLANT - 10%
8) MKH - 10%
9) MFCB - 5%
10) WCT - 10%

Dear Tan KW,

My stock pick as follows:-
1) SKPetro - 20%
2) Icon - 5%
3) Bornoil - 10%
4)Affin Bank - 10%
5) Ecoworld - 10%
6) CIMB Bank - 10%
7) HSPLANT - 10%
8) MKH - 10%
9) MFCB - 5%
10) WCT - 10%

Thank you.

Dear Tan KW,

My stock pick as follows:-
1) SKPetro - 20%
2) Icon - 5%
3) Bornoil - 10%
4)Affin Bank - 10%
5) Ecoworld - 10%
6) CIMB Bank - 10%
7) HSPLANT - 10%
8) MKH - 10%
9) MFCB - 5%
10) WCT - 10%

Thank you.

If the profit is RM21m and the fair value gain from the revaluation is RM35m means in actual fact that is a RM14m loss for this quarter.

It is not explained in the QR report where the loss came from. Most likely from their gold trading activities as their food business had marginal profits.

I think Stockraider is here to scare all the warrant holders to sell to him while he buys. Take your story/warning elsewhere please. It has been verified and reported the stake was sold by PAG. No more of your speculative conspiracy theories please.

The math is done already. They have enough to push through the QA why would they need to push up the price for the retailers to vote yes?

@Sweetkeledek - the cash value is 76 in August 2017 current price is the present cash value (approximately)

@Zuolun - What is the point prezzo expands around the world when its not owned by Bornoil? You go buy the company which actually owns the franchise la!

Erica where you get your info that prezzo wordlwide is owned by Bornoil?

I thought Bornoil is only a franchise holder for Malaysia?

1.50 is the support. If break that then back to 1.2x.

I bought in at 1.52 will hold long term as I believe Oil is recovering.

It looks like ready to challenge 21.5 resistance.

It doesnt look like a pump and dump as seem to be suggested by a few persons on the blog.

I still dont like how come the mining revenue can go up 100% but the profit flat.

Someone previously mentioned that the bulk of the "profits" was used to buy machinery etc. That cannot be true because the rights issue raised RM200m++ and a portion of it is earmarked for machinery.

I am waiting for next two quarter reports to see if the profit for their gold mining business goes up. Currently I have some Bornoil shares at 14.5c.

http://www.thestar.com.my/business/business-news/2016/06/10/borneo-oils-gold-mining-venture-pays-off/

KTSK88 - That article has no specific figures attached to it. I want to see how much was spent exactly. Is it in the Quarter report?

KTSK 88 - Can provide me the source of the information about expenditure for mines? Want to check it out.

Paperplane - How Come Q4 revenue up 9x but profit dropped??

noob - thats not a an inverted head and shoulder if thats what you are trying to point out.

what is otb tp?

Looking to enter at around 1.36.

TP 0.74 as I mentioned before.

But bonescyt already goreng and cabut. This counter will take time. Fundamentals are good. I am going to hold this for long term so not worried.

As long as 0.505 holds then it should reach 0.74.

If you look at their financials their net profit almost doubled but the revenue was only up 30%. gearing also more than doubled. Unless there is some mega project awarded to them this share is overvalued.

Good chance now for IPO subscribers to get out of this stock without loss.

The resistance is 0.56.

Stabilizing agent will support the price to keep it above RM1.20. We will see its true value once no more stabilizing activity.

Open high and terjun.

Enter after stabilising agent finish kacau.

This Ikhmas memang ripe to goreng. They have set it up nicely. Announce nearly 100% increase in profit for the Quarter before listing.

According to the prospectus, year to date tender wins only RM25m but tender book is about RM3b.

My guess is that they will release tender wins in the coming weeks to lift the share price. Mind you their average win rate for tenders is 15% meaning circa RM450m in tender wins should be forthcoming.

All the best!