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2021-06-22 10:58 | Report Abuse
No hope, I guess. The last time crude hit above 74, hibiscus traded a high of 0.745. Now crude is above 75, hibiscus still at 0.725. Sigh!
2021-06-22 10:52 | Report Abuse
stockraider, when you are stuck, you can cabut or you can hold and wait, I choose to wait.
First, VT causes massive losses to minorities and show no remorse, there's nothing to be praise in the first place. Second, VT has yet to show he's genuine to do the right thing and you are starting to praise him like a God, and this is disgusting!
2021-06-22 10:29 | Report Abuse
stockraider, is BCorp undervalued? YES! Is VT trading more than announcing restructuring plan? YES! Has VT mistreating minorities? YES! Why else BCorp traded at such a desperate level! Why else there's no fund managers coming in to buy what VT has overbought?
Truth is, VT has YET to show he's genuine and current market has NO trust in him. Except for appointing Jalil, VT has shown NONE right now! I'm a minorities hoping VT treating his minorities fairer so I can collect dividend or sell at profit and not loss in the future!
2021-06-22 09:16 | Report Abuse
stockraider, please stop polishing shoes lah! Reading your post almost makes me puke. If you were to post further, guess you will need to say VT is a saint...
2021-06-22 09:06 | Report Abuse
real big joke, with every new peak oil price reached, hibiscus is seeing a lower peak!
2021-06-21 21:25 | Report Abuse
Busy with Tzu Chi? More like busy buying selling VT's listed co shares, just look at the announcement, almost everyday got him buy and sell. Wonder if he's a big boss or a big trader???
2021-06-21 17:22 | Report Abuse
err... brent up but hibiscus down 1.4%???
2021-06-19 18:40 | Report Abuse
when a share is traded at dirt cheap level, there's no loyal supporter anymore, if there is any, only those trapped not wanting to let go...
2021-06-18 21:40 | Report Abuse
DickeyMe, actually, oil guzzlers have become far more efficient than they were first rolled out. Human desire for better life pushes up more vehicles that consume more than what improved energy efficiency saves. Will electric vehicle become mainstay, well, its hard to tell. One can only say the chance is high. Despite the development of EV, we need to understand that EV need energy sources, batteries in EV are merely energy storage! When it comes to energy sources, only nuclear and hydro can be developed in big scale now, but they're often omitted by developed countries due to safety and environmental concerns. What comes next are wind and solar, but these sources are not stable due to nature. Also, please bear in mind, battery is NOT renewable, its just a mean of storage
2021-06-18 19:13 | Report Abuse
I am not doubting the potential of renewable, but fossil fuel will stay. Unless renewable is abundant and cheap relative to fossil fuel, fossil fuel will not be buried. The source of carbon emission is NOT fossil fuel, it's human greed.
2021-06-18 19:04 | Report Abuse
DickyMe, go and check how much renewable energy as a ratio of world energy supply and you will be surprised! Renewable energy is still at its infancy, not to mention these "renewable" energy are not clean either and will end up polluting the earth.
2021-06-18 18:55 | Report Abuse
Look at the conversion price of 0.48, no wonder why it's so difficult for share price to rise...
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3167689
Additional Listing Announcement /Subdivision of Shares
HIBISCUS PETROLEUM BERHAD
1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal Conversion of Preference Shares
Details of corporate proposal Conversion of Islamic Convertible Redeemable Preference Shares to Ordinary Shares
No. of shares issued under this corporate proposal 3,715,416
Issue price per share ($$) Malaysian Ringgit (MYR) 0.4800
Par Value($$) (if applicable) Malaysian Ringgit (MYR)
2021-06-17 09:55 | Report Abuse
To me, Jalil announcement is positive but lags details, and the VT&family issue is not really addressed. If Jalil can make some fair & reasonable disposal within a year, that should boost shareholders confidence, surely not something like buying VT's singer at net asset value by issuing BCorp shares at hefty discount. It's a 3 billion disposal within 3 years, should help BCorp balance sheet and net income rather significant.
2021-06-16 15:50 | Report Abuse
sigh, with brent above 74 and I thought it's time hibiscus seeing 0.80... Guess it's only a dream
2021-06-16 11:10 | Report Abuse
distributing all toto shares to bland shareholders as special dividend and bcorp inject other gambling business not owned by toto into toto in exchange for shares? that should be good
2021-06-16 10:11 | Report Abuse
not really lah, experts trying to gauge the impact of CEO's plan, and it's a difficult one given everything is still anything but vague... I would have expect Jalil to announce at least one concrete deal, like privatizing BLand with its listing status be transferred to a REIT comprising of BCorp buildings, malls, office buildings, etc. or sell to UMobile for backdoor listing...
2021-06-16 10:09 | Report Abuse
not really lah, experts trying to gauge the impact of CEO's plan, and it's a difficult one given everything is still anything but vague...
2021-06-15 23:24 | Report Abuse
dickeyme, you must be joking! Go and trace demand for crude oil for the past 50 years... Even if hydrogen fuel cell were to be a success, you would still need HYDROGEN, and where is it going to come from? Electrolysis using what electric energy? Or natural gas, CH4?
2021-06-15 21:42 | Report Abuse
Truth is, how on earth can there be an end to fossil when 95% vehicles produced burn fossil fuel???
2021-06-15 19:49 | Report Abuse
nothing concrete, worthless piece of an announcement!
2021-06-15 14:58 | Report Abuse
already give free hotel stays for 2 years. I had one for 3 days 2 nights expiring end of this month, but who dares to stay in hotel now given covid-19???
2021-06-14 15:47 | Report Abuse
what brewing? brent crude already more than 73!
2021-06-14 10:54 | Report Abuse
fainted, brent at 73 and hibiscus can't even break 0.73???
2021-06-14 10:33 | Report Abuse
stockraider, then the potential you are chanting is not coming, cause fund managers not seeing up potential! Shows VT character clearly
2021-06-14 09:21 | Report Abuse
stockraider, if VT is genuine, he could easily sell his shares to fund managers through direct negotiation rather than daily disposal. If he can't sell his shares to fund managers, that could only either he has some hanky panky behind the whole exercise or there's no trust among fund managers.
2021-06-13 22:47 | Report Abuse
The last quarter report showed increased profits eaten by enlarged share base. Hopefully, repsol deal concluded soon without too much dilution that'll start to show increasing per share profit
2021-06-11 09:27 | Report Abuse
without repsol deal, hibiscus should be flying given higher brent. Now, with repsol deal, hibiscus barely move, why? Guess only one explanation, many doubts over the deal...
2021-06-09 16:31 | Report Abuse
I bought into hibiscus when crude is at 60-62 range if I were not wrong, believing then that crude will rise to above 70, hopefully between 75-80 range. When crude began its rise to 70+, hibiscus hit a high of 0.745 and it began to fall. It took another attempt to rise above 0.72 but couldn't even reach 0.745. If I were not wrong, years back, when crude is traded around 70+, hibiscus was actually above 0.90. So, I believe something is not right, if not with the management, it must be with the company's production capability or hibiscus has issued way too many shares that what the market is willing to absorb.
Given current scenario, it further strengthen what I believe. So, best don't add anymore position.
2021-06-09 15:00 | Report Abuse
hmm... for whatever reason, to me, hibiscus should reflect crude oil price. Given current trend, it's difficult for me to buy more hibiscus.
2021-06-09 14:04 | Report Abuse
so, what you are suggesting the market price is being manipulated to encourage CPRS conversion?
2021-06-09 12:27 | Report Abuse
if following the boss is the right move, it's then those following him to acquire those CPRS are the one making money at our expense. If Repsol deal is good, share price should reflect accordingly. Ideally speaking, Hibiscus should follow crude price, like when crude between 65-70, hibiscus between 0.xx-0.yy and so forth. Though, despite good Repsol acquisition and crude at 72, hibiscus has been performing as if crude is below 65. Thus, if there's any explanation, those CPRS holders are eating minorities lunch at this moment!
2021-06-09 11:41 | Report Abuse
If the Repsol acquisition is good and crude oil is trending higher, what cause hibiscus to trade at current valuation? If there's any explanation, there's only one left, i.e., hisbiscus has been issuing those convertible debt to short-term investors and they have been selling their position and profiting from current trend. Meanwhile, we minorities who is supposed to enjoy higher share price thanks to higher crude oil price has to endure those sellers profiting at our expense.
2021-06-09 11:22 | Report Abuse
jason, the big issue with hibiscus is the issued new shares are at a much lower price, and as a minority shareholder, I am pissed off. It's worse if those issued new shares were not for the long term investors, but short term player seeking to take profit when they see one, which seems to be current situation.
2021-06-09 09:14 | Report Abuse
very misleading news on Sun Daily, wonder if SC will investigate. It's actually left hand to right hand, NOT VT buying those shares!
2021-06-04 20:39 | Report Abuse
I'm happy with 0.85-0.95 range... Hope hibiscus per share profit and cash flow will rise post acquisition.
2021-06-03 17:52 | Report Abuse
if hisbicus can borrow to acquire these assets, coupling with rising crude price, surely hibiscus will fly Tuesday. If it's to be financed through new share issuance, the whole deal may not be so palatable.
2021-06-02 11:45 | Report Abuse
Thought fund raised already?
2021-06-01 17:49 | Report Abuse
not quite, for the past few weeks, when crude up, hibiscus may not up, but when crude down, hibiscus for sure will down... The latest crude at 70, hibiscus was around 0.74. Hopefully it's changing pattern for better now.
2021-06-01 17:46 | Report Abuse
Really unbelievable!
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3163165
a) 5% Irredeemable Convertible Unsecured Loan Stocks 2012/2022 ("5% ICULS") - Indirect interest held through child
Name of Registered Holder Date of Disposal Price Per 5% ICULS (RM) No. of 5% ICULS % of 5% ICULS
Cimsec Nominees (Tempatan) Sdn Bhd 28.05.2021 0.3000 200,000 0.0377
Cimsec Nominees (Tempatan) Sdn Bhd 28.05.2021 0.3050 685,200 0.1292
Cimsec Nominees (Tempatan) Sdn Bhd 31.05.2021 0.2900 810,000 0.1527
Cimsec Nominees (Tempatan) Sdn Bhd 31.05.2021 0.2850 69,000 0.0130
Cimsec Nominees (Tempatan) Sdn Bhd 31.05.2021 0.2800 500,000 0.0942
b) Ordinary Shares - Indirect interest held through child
Name of Registered Holder Date of Disposal Price Per Ordinary Share (RM) No. of Ordinary Shares % of Ordinary Shares
Cimsec Nominees (Tempatan) Sdn Bhd 28.05.2021 0.2900 1,000,000 0.0197
Cimsec Nominees (Tempatan) Sdn Bhd 28.05.2021 0.2950 500,000 0.0099
Cimsec Nominees (Tempatan) Sdn Bhd 31.05.2021 0.2800 1,000,000 0.0197
Cimsec Nominees (Tempatan) Sdn Bhd 31.05.2021 0.2750 2,500,000 0.0493
2021-05-31 23:50 | Report Abuse
U lui also don't buy lah, market price traded as if some guys are dumping whether it's good or bad news...
2021-05-31 11:14 | Report Abuse
Err... Crude at 69 and hibiscus still falling???
2021-05-30 22:38 | Report Abuse
Alas, there is no need to scare minorities to dump shares lah... After selling kyoto four seasons, Bcorp has more than enough to handle this pandemic. After pandemic, many businesses will suffer or close in worst case scenario, but that would also mean less competition and higher profit margins for those surviving companies
2021-05-30 17:11 | Report Abuse
stockraider, post VT & family BCorp shareholding pre-Jalil appointment and last Friday, if the total number of shares increase, then you can claim what you said. Otherwise, stop post nonsense!
2021-05-30 10:11 | Report Abuse
Alas, why don't you post the number of ICULs, warrants, and BCorp shares that VT & family own before and after? Then you will realize how wrong you are...
2021-05-30 09:56 | Report Abuse
No lah, VT is selling, both BCorp and BCorp ICULS. His family members selling more than him buying, and don't assume his family is NOT selling on his behalf.
Stock: [BJCORP]: BERJAYA CORPORATION BHD
2021-06-22 22:17 | Report Abuse
Alas, simply sell everything and distribute accordingly, surely every share held will be more than RM 1 for both bcorp and bland shareholder