Goldking789, you would have to ask Jalil to wash his dirty mouth first then, I'm merely responding towards his nonsense groaning and moaning...

Jalil talked cock BCorp worth 10. If he were to privatize BLand at 0.38, what does that mean???

simply distribute btoto shares to bland shareholders lah, that will at least address the complexity of bcorp structure and showing fairness to minority shareholders to encourage holding the shares... talk talk talk, listen also tired...

VT believed bcorp is worth almost 4, so he reached out to super VT to talk cock 10 bcorp... Probably that way there's still chance to hit almost 4 or if not, nobody will remember his almost 4 but super VT's 10

Jalil is super VT, promoting a 10 BCorp???

talk like no talk, felt like Jalil still needs VT approval before any implementation...

selling Toto business? Might as well sell everything! Earlier news said Toto key to cash flow, now flip to selling???

same feeling, after selling will take it out of investable list of co...

nope, it should be crude up, hibiscus may be up, crude down, hibiscus surely down...

Lu Tau Bob? So, squeeze minorities to con their money for charity??? What a shame...

my goodness, crude at 77, now we are going to see hibiscus falling to 0.65???

It would be crazy to accumulate when share price is falling on a rising crude oil price

The most recent BCorp quarterly report reveals the following:

Deposits with financial institution: 448.8 million
Cash and bank balances: 857.2 million
Subtotal: 1,306 million

Long term borrowing: 3,025.9 million
Short term borrowing: 2,009.1 million
Subtotal: 5,035 million

The ICULS (600 million in total) are ignored here given they're not redeemable. So, BCorp net debt is actually 3.7 billions.

Besides that, there's warrants WB 700 million and WC 706 million, totaling 1,406 million

If Jalil just needs to reduce 3 billion debt in 3 years, he can easily achieved that simply by making sure BCorp share price is above RM 1, cause those warrants will be converted and BCorp will pocket 1.4 billion, leaving only 1.6 billion to be addressed!

https://www.klsescreener.com/v2/news/view/847555

Read the above, it's a bit nonsense. BCorp is not in desperate mode to monetize its asset, why should it sell BToto? Like it or not, BToto is providing predictable and sizeable cash flow to BCorp. What BCorp lacks is the ability to monetize its landbank and other assets and businesses.

before the recent KLCI downfall, hibiscus has not rallied in accordance to crude oil price for a short while already. Initially, I thought market is assessing the deal, guess it's more than that.

crude oil is rising but hibiscus not, so it's nothing to do with crude oil but the management or the asset acquired!

alas, hibiscus was above 0.74 the last time crude rose above 70, and now crude is above 74 while hibiscus at 0.685. What's more, hibiscus was above 1 7-8 years ago when crude was trading above 70. So, either the Repsol deal is bad or hibiscus management has failed to impress???

Buy traditional energy stocks over solar plays for these 3 reasons, trader says

https://www.cnbc.com/2021/06/28/buy-traditional-energy-stocks-over-solar-for-these-3-reasons-trader.html?__source=androidappshare

sadness, thanks to rising crude oil price, may be we shall see hibiscus falling to 0.65?

To me, there's no harm holding a maximum of 2 years to learn if Bcorp will truly divest 2 billion asset to pare down debt and how will jalil plan will benefit shareholders. Just don't follow stockraider recommendation to buy more.

thats why i was saying too many retail investors, "market" decides ...

Sslee, thanks! Your effort is much appreciated.

neither hot nor cold? It's very cold lah, the last time crude above 75 years back, hibiscus is above 1. The most recent when crude above 70, hibiscus is at 0,745. Now, with super Mario deal and crude above 75, hibiscus is like a patient awaiting viagra...

there is ONE thing Jalil can do, distribute BToto shares to BLand shareholders to show he is genuine in restructuring!

guess too many retail investors in this stock, "market" decides to celebrate crude above 75 by making sure that hibiscus is falling or staying flat...

Alas, simply sell everything and distribute accordingly, surely every share held will be more than RM 1 for both bcorp and bland shareholder

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!

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!

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!

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...

real big joke, with every new peak oil price reached, hibiscus is seeing a lower peak!

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???

err... brent up but hibiscus down 1.4%???

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...

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

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.

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.

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)

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.

sigh, with brent above 74 and I thought it's time hibiscus seeing 0.80... Guess it's only a dream

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

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...

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...

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?

Truth is, how on earth can there be an end to fossil when 95% vehicles produced burn fossil fuel???

nothing concrete, worthless piece of an announcement!

Nothing concrete

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???

what brewing? brent crude already more than 73!

fainted, brent at 73 and hibiscus can't even break 0.73???