hibiscus rose by 4.14%, petron rose by 4.6% while hengyuan rose by 5.98% as if rising crude oil benefits refineries more than oil producer, what a BOLEH BURSA...

Dare not buy anymore, the share price is traded as if there's no support...

when brent first crossed 70 earlier this year, hibiscus rose to 0.74 (or slightly more?), but with this round, hibiscus barely hold on to 0.70 even when brent already close to 80. So, I would have little faith hibiscus rising above 0.90, even when a higher hibiscus share price makes me happier.

luckily haven't sold my hibiscus shares... hopefully it will cross over 0.80 to reflect 78 brent

So sad, can't even close above 0.70...

A rising crude oil resulted in hibiscus rising 2.3% when hengyuan rose more than 4.7%, as if refinery benefitted more than oil producer in such scenario, what a joke

What's to be happy about? Crude almost 80 and hibiscus can't even cross 0.70

Jojobaa, I am not against the use of CRPS, I am against not offering shareholders the right to participate! If shareholders are first asked to have the first right of refusal, it doesn't matter if the exercise price is lower or higher, but it will be fairer.

malpac63, if they have been offered to all shareholders with bankers the leftover shares, I believe the offer price will be fairer. Instead, the deal is offered to only certain people/group leading to high possibility of hanky-panky.

malpac63, this has nothing to do with other buying hibiscus at 0.48, but why should hibiscus seek financing with such a heavy financial cost!

took my first glance into the CRPS, the tranche 2 issued is 203 million @ 0.48 per shares, i.e., roughly 423 million shares issued. Assuming hibiscus average selling price of 0.67, 423 million x (0.67 - 0.48) = 80 million. That means for a 203 million "borrowing" of less than a year, hibiscus is paying 80 million interests. My F**K! wonder if I should continue reading further...

no matter how good the result is going to be, hibiscus shareholders are heavily conned by the heavily diluted NA post CRPS

jojoba showing the company's credibility is very low?

err... what negatives? If a deal's most earnings go towards CRPS holders rather than shareholders of Hibiscus, particularly who have held long terms but not entitled to such exercise, how can this be good? Had all shareholders been offered the opportunities to participate before offering to certain party, the minorities may not feel that hurt. Truth is, if this were to happen again, I won't rule out requesting MACC to look into such deal.

stockraider, if VT is genuine in restructuring BCorp that NOT ONLY benefiting himself but minorities as well, he should distribute BToto shares to BLand shareholders. That's the minimum that he can do to show the market he is indeed genuine, and not another stint to enrich nobody but himself!

the problem with hibiscus is keeping issuing new shares at "way below market price", to who knows who they are, to buy new assets. The issuance of new shares keep diluting the profits earned due to the new shares issued, just look at the NA/share. Minority shareholders are not participating in the issuance of new shares are not actually benefiting from the acquisitions.

despite what the CEO is saying, the market is telling him, SHOW ME THE MONEY!

last week, its oil up price down, now it's oil down price down, haha... guess has to wait till the Repsol deal is completed???

err... oil down price up, oil up price down, so as a shareholder, should I pray a falling oil price to see a rising share price or a rising oil price to see better earning report?

Fainted, no eye see, oil down share price up, oil up share price down...

market finally realizes hibiscus is undervalued, rising when crude oil is down?

Simply distribute btoto to bjland shareholders, share price definitely up yet solving part of Jalil's plan

Best don't touch? Oil up but share price down again, sigh!

Sigh, only 0.705 or 0.785?

stockraider, and you believe in this??? Tell your pundan God, VT, many of his minority shareholders not believing in it, including me...

stockraider, you really need to stop lah, it's your beloved pundan God, VT, that's selling in the market. If you are so keen to use the pundan word, tell your God he's the one lah.

Yeah, RNAV 5 to 10, but VT is happily selling in the market and his macai pundan dare only to bet at this level

900 million to privatize BTOTO? you must be kidding. VT selling's money will go directly into VT's pocket, not BCorp's pocket. BTOTO's market cap is 2.6 billion, and if VT is to privatize using his private vehicle, he'll need 2.6 billion cash at the least, assuming BCorp and BLand not distributing its shares to shareholders.

Bcorp RNAV 5 to 10, but VT disposed them at below 0.30. Bcorp RNAV 5 to 10, but VT macai dare to buy only below 0.30.

stockraider, call your God VT to stop act like pundan dulu lah, real annoying!

stockraider, simple, when offering VT/Penta 0.70 valuation, offered it to other minorities to consider. It's one thing minorities disagree to it, it's another when minorities were refused the right to consider. Same to when offering Penta the 0.38/0.30 exchange.

Alas, hibiscus share price has not rallied according to crude oil price in the recent crude rallying to 70+. Past record suggests hibiscus should be valued above 0.90 when crude is above 70. So, there must be reasons behind this. All I can think of (1) current hibiscus asset is recently found not to worth so much (2) repsol deal is not favored by fund managers or pissed off fund managers in the fund raising process (3) future crude oil price will fall below 60, and soon. I believe market will recover even if covid-19 cases rise to new high cause most people won't be able to last another 6 months lock down. Personally, tend to believe (2) being the reason. Still holding on to my hibiscus, can only hope the repsol deal will bring good earning result going forward with meaningful dividend

twynstar, if I were not wrong, problem is earlier CRPS issuance already putting too much damage...

Stockraider, instead of writing here everyday, may I suggest you write to bcorp and bland every day seeking dividend to improve investor relations?

wonder when is BCorp director meeting to discuss Jalil's plan? Will BCorp announce its decision?

Not quite, the convertible was issued already last year, a few hundred mil according to the presentation

https://www.youtube.com/watch?v=CbNLG6HtjOY

the convertible, if i were not wrong, is convertible at 0.40/share. If that's the case, the private placement is only to benefit those being chosen for private placement while the rest of shareholders taking the burden...

The big joke is hibiscus oil is traded in line with brent crude, nothing to do with politics, yet responding as if its against crude oil price or political linked

Hibiscus celebrate rising crude oil with falling share price

actually, BCorp can start by distributing BToto shares to all BLand shareholders to show it's sincere in unlocking shareholders value.

stockraider, maybe you shouldn't trust everything VT said? Like believing that BCorp is worth 3.80 but has been selling lately at below 0.40...

probably VT should hire me as his CBO, and I will tell investors BCorp is worth 1000...

probably need a CFO that believe BCorp's worth 100 now

oops... just realize BCorp is not even 1 yet, so its big cannon vs bigger cannon...

actually, there's still some slight difference between Jalil and VT, Jalil believes BCorp worth 10 but VT only 3.80... shame on VT for understating BCorp value

There's more than 7 billion shares of bcorp if all warrants and ICULS were converted. If anyone believes Jalil's 10 valuation, he must assume bcorp will have a over 70 billion market cap...

So transparent that Jalil has to present it to the public before the BODs???

why the publicity when jalil could simply approach the board for approval first???

I'm not not "negative"... I just don't appreciate CEO talk cock and deliver ambiguous views.

goldking9789, well, VT can always delist all his companies, that way his CEOs don't have to talk cock and doesn't even have to share his "wealth"