Post removed.Why?

Post removed.Why?

move along
from now on
This is the NEW STORY

old story of 100% Hedge Sales and Purchases is no longer applicable

=> means HRC fully exposed,
=> Die More, Die Faster


Posted by probability > 22 minutes ago | Report Abuse

The reason why i am certain the hedging is done on mainly on gasoline is due to the following:

move along
from now on
This is the NEW STORY

old story of 100% Hedge Sales and Purchases is no longer applicable

=> means HRC fully exposed,
=> Die More, Die Faster


Posted by probability > 22 minutes ago | Report Abuse

The reason why i am certain the hedging is done on mainly on gasoline is due to the following:

move on
nothing to see here, just another accident
dun talk old topic

Gang Members say HRC fully exposed since its NOT Hedged

dun argue interest rates

its old story, not applicable anymore

now gang member says its NOT hedged at all => FULLY exposed to extreme losses

DIE MORE and DIE FASTER

thats the problem with lies, you change it those losses become more and more

so story changed?

If you change story you will die more and die faster coz losses will be even more

thats the problem with lies, you NEED to keep changing them and the losses become more and more everytime story changed

I calculated those interest charges
coz Gang Member claimed all Sales & Purchases are hedged so Guaranteed Heaven Profits

you too young

Tun sacked Anwar coz Malaysian Interest rates shot up to 30% per annum

as Finance Minister
Tun immediately ordered the 3.8 peg
and ORDERED BNM Governor to reduce interest rates

=> kampung feller like you sure dunno loh !!!


MoneyMakers

Aiyoyo no need BS 20% interest rate

In such scenario, whole world bankrupt lo

Housing market totally collapse @ everyone default cannot pay house loan 20% interest

5 minutes ago

I deleted my posts to make it easier to read since the Dragon copied it already

Raider dun mind coz Raider is at home wearing his expensive Armani "Birthday Suit"
when he goes out of his house, he robs a sarong from next door punya baby girl.
and goes out with just sarong and his between legs spaghetti stick just swinging free.

poor baby girl then instead of bouncing up and down happily just sleeps on floor crying.


Posted by BobAxelrod > 1 minute ago | Report Abuse

It's slanderous to accuse a company of not reporting/hiding Losses.

Bob

if you want you can be Market Maker for Hedges also, then you can sell hedging to HRC
just apply to Morgan Stanley.

However its impossible to know from market listings who is offering what as the Market Maker info is not shown on screen.

Just like when you sell shares ... BURSA does not display this share is sold by Bob
same there.
those hedge offers do not show Name of Market Maker.

so Raider's Theory is very difficult in real life practice.

PetronM should be ok for next few handful years
unless Mike Cheat You Crazy or Dragon are appointed as CFO [Chief Fcuk Officer]

Shell stations are progressing rapidly to EV charging and other costume jewellery like RFID payments
if you are in a rush Shell RFID payment is very convenient

Post removed.Why?

Post removed.Why?

its interesting!!!!

but but but

=> Tomorrow is always the same as Yesterday

and you have your answer

////
Third, check the Author's track records.....I have seen Sifu Probability's earlier analysis in Heng Yuan 1 (2017), Lionind (Steel Party in 2018) ,I think Dayang as well (2019).....

While I cant deny his facts n figures fm his previous posts sometimes do look convincing, but the ending is all the same.

See if we shall see a different ending this round.
////

Post removed.Why?

Post removed.Why?

Post removed.Why?

Leno is here already coz Mike Cheat You Crazy is here

otb
I also said you can quite likely can triple your capital ...

otb
I did not attack you
I just said I hoped you did not all in

since you confirmed you did not all in, then ALL IS GOOD!

Cheers !!!

Post removed.Why?

Post removed.Why?

my mental Dragon balls[park] was RM5 Billion losses by HRC already

today my excel spreadsheet confirmed RM5.4 Billion losses by HRC = matches RM5 Billion borrowings by HRC to cover sinkhole aka losshole

personally I think RM10.8 Billion losses by HRC is quite likely and cannot be ruled out.

Post removed.Why?

I have refined HRC "almost Guaranteed" future punya losses to quite close.
If not almost guaranteed why did HRC borrow RM5 Billion?

'and discovered why HRC wanted to borrow RM 5 Billion" coz those figures quite match

using latest QR data

@10% Interest rate
[quite likely by all experts from US Investment Banks as interviewed by Bloomberg]

=> assume 80% borrowings per Contract
=> assume 3 years hedged

for sales 100% Hedged the swap rates will cost
3 years Total => RM2.856 Billion
average per year => RM 0.952 Billion

for purchases 100% Hedged the swap rates will cost
3 years Total => RM2.52 Billion
average per year => RM 0.840 Billion


Conclusion =>
at very likely 10% US Interest Rate the 3 Year Total Additional Losses from Hedging = RM5.4 Billion

at very possible 20% Volcker Fcuk US Interest Rate the 3 Year Total Additional Losses from Hedging = RM10.8 Billion

when HRC executed those Long Term Futures Contracts Nobody ever imagined that USD interest rates will be high.

now nasi jadi bubur => need to borrow RM5 Billion to standby

Please note that long term futures hedges are extremely dangerous in High Interest Rate Regime like a Volcker Fcuk

you would borrow 80% of any contract coz notional value is only 20%

means interest rate of 20% will be applied to 80% borrowings for 3 years

=> Guaranteed Bankruptcy, no kidding, you do the maths yourself

thats why HRC needs to borrow RM5 Billion just to survive ....

Post removed.Why?

Raider

for fixed term Futures Hedges, buy early is cheaper sometimes not always
Market Maker fixed price cheaper coz you pay more swap rates

so at report date its unrealized gain/loss pertaining to future periods as long as possible 10 years later.
[you wanna buy, Market Makers will give you a Quote]

putting inside current year PnL will be fake results since its 10 years later punya effects

Raider

I already explained above

////Rightfully Hedging losses should flow thru P&L mah!///

my understanding is that

realised hedging losses flow thro PnL as part of purchase or sales where applicable
realised gambling hedging done unrelated/unconnected/unidentifiable to specific purchases or sales will go to a one liner that is part of PnL [I would call this gambling profits/losses, cough cough]
unrealised hedging losses of all types flow thro Comprehensive Income

sslee
ok
Dr Google has limitations especially self-medication with over the counter OTC drugs be very careful

sslee
offhand
I believe diesel is more alkenes than alkanes, major component is actually Napthalenes
Napthalenes are essentially complex multi-cyclic aromatics essential unit benzenes build up together not cracked yet

////Diesel is made of alkanes with a chain length of between 12-23 carbon atoms.////

sslee

Thats Chemical Engineer Ignorance for you.
Petrol composition of
Esso => 60% Benzene [This later became PetronM]
Shell => 40% Benzene [This later became HRC]
the whole class got plus minus few % variance

Benzene vs alkanes is like Elephant and Giraffe.
You just cannot mistake the differences

Just where did you get your info from?
I personally tested this via Liquid Gas Chromatography in University of Malaya, Chemistry Department

=> Petrol had been benzene since Rockefeller days punya Standard Oil

Posted by Sslee > Sep 2, 2022 2:32 PM | Report Abuse

Just some correction to MM ignorance on refining yield
Petrol is made of a mix of alkanes and cycloalkanes with a chain length of between 5-12 carbon atoms. Diesel is made of alkanes with a chain length of between 12-23 carbon atoms.

17 minutes ago

can ask taxi drivers
or nite club girls

or visit Bossku at Kajang Prison
or Kak Ros

BobAxelrod

I don't go around pasar or coffee shops. No drinking sessions with uncles and aunties for tips. You got good tips can share ah?

12 minutes ago

conclusion => US Interest rates will increase 50 or 75 basis points in September Meeting

=> bad for refinery hedging

that begs the question
how can refineries make profits if Petrol is FREE ?

https://www.tradingview.com/chart/Z777hoqr/?symbol=NYMEX%3AD1N1%21

=> but of course, these are Tulip trades which does not exist in real life, its a Gambling Trade.

the underlying reason
is most likely that Refineries had ran out of money to pay for hedging trades "notional value"

Even HRC is making arrangements to borrow RM5 Billion via Medium Term Notes.
This illustrates the extent of how Refineries had all become money addicts since the Ukraine War started.

SINGAPORE MOGAS 92 UNLEADED (PLATTS) BRENT CRACK SPREAD FUTURES climbed up from -0.637 to 0.789

essentially Petrol is FREE
coz Refineries have no space to store petrol anymore

these FREE petrol thingy only happened on 31 August 2022 Merdeka Day free gift.
This caught Syndicates with deep shock and surprise
coz it happened while they are busily pumping HRC share price up for dumping purposes.

Hence general public dumped PetronM and HRC today 01/09/22

Post removed.Why?

derivative losses
increase by USD rate 4.5 to 5.5
increase by swap rate USD interest rate increase
increase by crude oil price increase

I would say comparing with Dragon punya balls [park] size RM3 Billion final realized loss is quite likely

sure
no worries
I will propose to Gobermen to take over HRC for RM500 Billion
or alternatively
HRC can takeover Petronas for RM1.00 deemed paid plus RM500 Billion compensation for agreeing to manage Petronas.
Thats how things work in Bolehland

wink wink


Posted by BobAxelrod > 2 minutes ago | Report Abuse

i3lurker, not meant to spoil your party but I'm actually hungry for more.....wink!

Commodities Futures Gambling loss can increase or widen by many multiples of above 1 until contracts are closed

thats why HRC decided to borrow RM5 Billion

Bob

many aware
but also not aware that the unrealized loss is at Balance Sheet Date 30/06/2022

=> it does not register in mind that the 30/06/2022 unrealized loss can triple to above RM 3 Billion later ... later

Post removed.Why?

Post removed.Why?

HRC could end up with a RM 3 Billion derivative loss based on my understanding of oil market today.

=> RM0.10 per share

thats why Syndicates desperately dumping HRC shares just like TG
thats why Dragon is here for the blood sucking

forget about complicated definitions

Notional Value => see above example USD18,000.00 initial payment to start Gamble

Notional Value money is all gone
and its RM billions in losses unrealized Market Value

the notional value is what you pay at start of Gamble
[in example above given by me its the USD18,000.00 initial payment to start Gamble]
1=>
the market value had already been given
and its Unrealized loss RM Billions
the unrealized loss likely to double or triple to more RM Billions

2=>
dun forget its all USD
USD => 4.5 to 5.5
another 25% more RM billions mari mari



////Remember the outstanding refining margin swap notional value as on 30/6/3022 Is USD 226,945,000.////

dun forget

Global Excess Refinery Capacity
Global Excess Gloves Supply
Global Excess Prostitute Supply
Global Excess Vaccine Supply
Global Excess Chips Capacity
Global Excess Dragons
Global Excess Office Space
Global Excess Coffee Shops
Global Excess Air Planes
Global Excess Smart Phone Capacity
Global Excess Streaming Services
Global Excess Mobile Capacity

and lastly
Global Excess Politicians, need to send some to jail