ah something to read - Oil
https://superawesomedeals.wordpress.com/

Hibiscus says may spend US$55m on North Sabah PSC capex over 3 yrs

KUALA LUMPUR (April 2): Hibiscus Petroleum Bhd may spend roughly US$55 million (about RM212.54 million) on capital expenditure (capex) for its North Sabah Enhanced Oil Recovery Production Sharing Contract (PSC) over the next three years to increase Hibiscus' oil production.
Hibiscus managing director Dr Kenneth Pereira said at a media briefing here today this is the amount of money the group will need to raise via external funding.
"We may spend more than that, but our exposure is about there," Pereira said.
Hibiscus announced to Bursa Malaysia today its wholly-owned subsidiary SEA Hibiscus Sdn Bhd had completed the acquisition of a 50% participating interest in the North Sabah Enhanced Oil Recovery PSC for US$25 million from Shell.
Hibiscus said the acquisition will "significantly boost" Hibiscus' oil production. At the media briefing, Pereira said the North Sabah Enhanced Oil Recovery PSC will effectively more than double Hibiscus' total production to "just under 9,000 barrels per day."
At 12:30pm today, Hibiscus shares settled at 85 sen for a market capitalisation of RM1.34 billion. The stock saw about 27 million shares transacted. - THEEDGE

c'mon baby you and all of us, we can do it!

cheers!

Dr Ken, please keep us informed on the progress of new business development.

noted with thanks!

Ah, la vache

Quel idiot, quand même !

C’est n’importe quoi!

OSK?

But you won’t see stocks go up from RM1 to RM100 and down to RM10 within a month anymore.

J'étais très en colère contre Hibiscus

I think some fresh air will make me feel better.

Dear Hibiscus, please try to be more cooperative. I'm losing patience with you.

C'mon, hibiscus! what are you waiting for?

HSI up

All we need is just a little patience

Although oil & gas stocks with exposure to exploration and development activities offer the greatest operational leverage when the capex cycle improves, we prefer stocks with exposure to production activities which offer better earnings visibility at this nascent stage of recovery. We also favour stocks with global or regional footprints which have better job prospects compared to pure Malaysian-based players. Our top picks are Hibiscus Petroleum which is the best Malaysian-listed proxy to rising oil prices, Bumi Armada which will see more tender activities for floating, production, storage and offloading (FPSO) vessels on the horizon, and Wah Seong whose earnings are secured by Nord Stream 2 pipe-coating job. We also have Buy calls for Sapura Energy which is a large-cap Malaysian proxy to rising oil prices, Serba Dinamik which focuses on resilient operation & maintenance (O&M) activities, and Pantech which benefits from rising demand for pipes, valves, and fittings in RAPID. - DBS January 2018

guilty as charged

Sapura Energy Bhd saw its net loss widen to RM2.29 billion or 38.44 sen per share in the fourth quarter ended Jan 31, 2018 (4QFY18), from RM172.32 million or 2.89 sen per share mainly on the provision for impairment on property, plant and equipment of RM2.13 billion.

http://www.theedgemarkets.com/article/sapura-energy-4q-net-loss-widens-provision-impairment

woah small volume also up

missed the boat

syndicate play LOL

not in

the girls are back!

face free warrants?

newbie go to hibiscus forum LOL

I bot CB earlier just to challenge YS aka Cik Babe LOL

mother better, lots of experience LOL

agree limch

I have to wait, lose a lot in CB, hope this cover my losses

whats the conversion rate like?

seriously??? if so good news

hmmm

perhaps today they push the mother up

opsh the total value

My Portfolio

15 sen onwards

HIBISCS-WC - ISSUE OF 317,645,723 FREE WARRANTS IN HIBISCS ("WARRANTS") ON THE BASIS OF 1 NEW WARRANT FOR EVERY 5 EXISTING ORDINARY SHARES IN HIBISCS HELD ("FREE WARRANTS ISSUE")
HIBISCUS PETROLEUM BERHAD

Kindly be advised that HIBISCS’s 317,645,723 Warrants issued pursuant to the Free Warrants Issue will be admitted to the Official List of Bursa Malaysia Securities Berhad and the listing and quotation of the Warrants on the Main Market under the “Industrial Products” sector, will be granted with effect from 9.00 a.m., Wednesday, 28 March 2018.



The Stock Number, Stock Short Name and ISIN Code of the Warrants are “5199WC”, “HIBISCS-WC” and “MYL5199WCV34” respectively.

jutawansenya & Jun. Noted with thanks

bro, r u sure, tomorrow?

agree

A MALAYSIAN woman who was about to give birth at a hospital in Melbourne won A$40,000 (RM120,000) for trying her luck at a televised contest,the 40-year-old from Johor Baru participated in Sunrise Cash Cow out of boredom. When she was about to go to the washroom, she received a call from the host telling her that she had won.

Agree. Short-selling is not a simple thing. Plus now they have a lot of rules and restriction on short-selling.

Please come over.

this is the club not the house

This is where things get problematic.

If I'm not mistake, when a stock is delisted, short positions are not necessarily closed immediately. Short sellers are exposed to the risk of an indefinite, high-interest stock loan until shares are cancelled.

US tech companies are also vulnerable to retaliation, especially companies such as Apple and Intel, which manufacturing operations in China.

latest from star news portal

‘Pump and dump’ activities under scrutiny

The Securities Commission’s (SC) warning to investors over “pump and dump” scams over the week came about one year after Bursa Malaysia issued the same caution in a circular to the heads of dealing and compliance of stockbroking companies last March.

According to some market observers, warnings about “pump and dump” activities are timely and appropriate, considering the fact that there are now more new investors entering the local equity market.

“The regulators need to create awareness about the existence of these kind of speculative activities, particularly for new investors, many of whom are still learning the ropes of investing in shares and stocks,” one analyst with a local brokerage says.

“What’s more, some new investors tend to start with low-priced stocks – which are the main targets of ‘pump and dump’ perpetrators – in the hopes of seeing their money grow before proceeding to invest in higher-priced stocks,” he adds.

So, what is this “pump and dump” scheme all about?

Well, “pump and dump” is an age-old trick used by perpetrators to earn quick money at the expense of others through the stock market. The perpetrators can be an individual, or a group of individuals.

They begin their operation by acquiring a huge amount of shares in a company, typically one with penny shares or stocks selling for less than RM1 apiece, at a very low price, and then promoting it and creating a lot of hype around the organisation to “pump” up its share price.

They do that by spreading false or misleading information to create a buying frenzy for the stock. During the process, they will also trade in the shares of the company to create volume and upside in order to create the perception that something big is really brewing in that company.

But once the share price of the company skyrockets to a level they desire, the perpetrators will “dump” or sell all their shares to make huge profits. And that is when the share price of the company will plummet on unsuspecting investors, causing them to lose money.

Although pump-and-dump schemes have existed in the local equity market for many decades, the emergence of Internet and social media has provided a fertile new ground for perpetrators.

Pre-Internet and social media days, pump-and-dump perpetrators operated through syndicates, with members comprising selected brokers and remisiers, to promote a stock.

Now with technology, the work has been made much easier for fraudsters to reach out to hundreds of thousands of people with the click of a mouse.

As part of a crackdown on “pump and dump” activities, the SC and Bursa Malaysia over the week recently named a blog, Bonescythe Stock Watch, as one found to have published various articles that contain misleading and deceptive statements and forecasts. This is an offence under Section 178 of the Capital Markets and Services Act 2007 (CMSA).

The blog has since been removed following the SC’s intervention.

Be that as it may, pump-and-dump schemes have their supporters and opponents.

One broker, for instance, argues that such speculative activities are a “necessary evil” for a vibrant stock market.

“This is part and parcel of capital market development... it is always better to have a vibrant market than a boring one,” he explains. The onus is on the investors to trade wisely; some ‘innocent’ investors will still be able to make some money riding on the volatility created by speculative trading activities, if they are lucky ... but of course, there are many unlucky ones who will end up losing money,” he tells StarBizWeek.

Meanwhile, another analyst reckons that while the total elimination of pump-and-dump activities is not possible, some form of regulation is still needed to ensure orderly trade in the market, and wrongdoers not go scot-free.

“Ultimately, investors themselves have to do their own research.

“Use common sense and learn how to invest wisely,” he says.

As for how to spot a “pump” stock, the analyst notes that penny stocks are usually the ones most prone to this sort of manipulation.

“You will hardly find a stock in a pump-and-dump list that is not a penny stock.

“This is the number one rule,” he says.

“Another red flag is a sudden surge in volume to, say, more than one million in a day, when the counter used to be a thinly traded stock, and there’s a sudden jump in the share price, when the counter had hardly ever shown much price movement before,” he points out.

Typically, the analyst says, the company targeted for “pump and dump” does not have a good earnings track record, and has to ride on claims of offering “big upside potential” to drive up its share price.

“Anytime someone tells you there is big money to make from one particular stock, particularly one that does not have strong fundamentals, you have to beware,” he says.

In such instances, he points out, the old adage applies: If it’s too good to be true, it probably is.