Guys, on top of my analysis last night, this is what I get further.

This quarter profit is base on 41USD/barrel. Oct - Dec 2016 at oil price 41 USD/Barrel. Now oil price is 55 US/ barrel average which will reflect in next Quarter.

Regarding the OTHER INCOME of 10 mil.
Cumulative quarter of 2016 and 2015 OTHER INCOME. 2016 is RM21 mil, 2015 is RM24 mil. This OTHER INCOME I am not sure what is it but it is there since 2015 and in 2015 up to De 2015 is RM24 mil. But for year 2016 until dec 2016, is RM21 mil.

So this OTHER INCOME had been there and is not significantly different from 2015.

Bear in my OTHER EXPENSES for 2015 and 2016 as well. I don't know what is other expenses but for 2015, OTHER EXPENSES is 7 mil. for year 2016 until Dec 2016, OTHER EXPENSES is RM 38 mil !!! it jumped from 7 mil till 38 mil ! For this quarter, OTHER EXPENSES is RM 21 mil compare to RM3 mil in 2015 !

What does this tell us? It basically says that there is OTHER INCOME AND OTHER EXPENSES where the income does not differ much from 2015 while the expenses had gone up so high in 2016 ( I believe its due to anasuria operation). So, this means even with such high expenses incurred, we are still getting 17% NET Profit.

Ok, tomorrow ya, now going to bed. Thanks for sharing.

its ok calvin, what u doing is basically calculating cash/share and says that the company is worth that. Nonesense. You go find a company where the share price is equal to cash/share and maybe i will buy that company.

nonesense

Hello guys, financial result is out !
So, like i say, I am waiting for this and after digesting, i am holding.

1. Revenue all time high at 62 mil. ALL TIME HIGH
2. net profit margin at 17%. Gross profit margin is even higher, >70% !! where can you get such margin
3. EPS 0.76. If we take this and x4 for 4 quarters, PE = 0.515/0.03 = 17. This is the worst case PE ratio. As we know, the actual PE is much lower because of accounting. not cheap but not expensive. SKpetrol trading at PE 19 right now
4. Operating cash flow positive of 37 mil !!! Operations generating pure cash. 37 mils !!
5. Cash and cash equivalent increased to 60 mils. No Debt, sitting on cash of 60 mils !!!!
6. NTA of 0.52. Share price 0.515. Therefore, price to book is about 1x. Not cheap but not expensive. Skpetrol also trading at 1x price to book.

All in all, I am still investing in this company. I am still a shareholder of hibiscus.
Imagine what it will become when north sabah acquisition is successful.

From: Kakashi Hokage

This is definitely exchanging hands going on

I open my laptop after lunch and lo and behold..hahaha...they sell all volumes at 0.525.. wow...wow...the volume is just too much.. crazy

Well, this means something is brewing but we just don't know who is buying or selling.

Nonetheless, this is so funny. very interesting scenario. blocks and blocks of transaction happening.

nicky, so fast thinking of selling d?

Nice nice.... haha... investors r rewarded n traders missed the boat

thehakk Kakashi= 敢敢死 (hokkien)

Thanks Thehakk, I take it as a compliment

Like I say yesterday, I don't come here cheerleading or give positive thoughts or keep on chanting positive things.

Investing is very real. Once you detach from reality and move into your own thoughts and fail to see the future, Kaput..you make the wrong decision

Stand firm to your company. Hibiscus is our company. I am the shareholder. Why go sell your business when nothing changes? Oil price still there, Anasuria still vomiting oil, north Sabah in progress...why sell??? because the share price didn't move in 1 week or 2?

0.55 now. B4B4 and the rest traders, u better come back buy before it hits RM1 like you always like to say

yesterday I already say, time will tell who am I actually...I don't bullshit here... b4b4 is bullshitting and cheerleading but not standing firm. He is a trader

I am here and no bullshit

I not yet taip finish already sapu 0.54 !!!!


HAHAHA, those who cut loss !!!!! HAHAHAHAHAHAHAAHAHA

See who mop up RM6.8 mil ...wah ...gone gone gone !!!!

Wow, sell queue at 126k lots !! RM6.8 mil
This is by far the largest sell Q I had seen for Hibiscus

0.54 SeLL Q at 100k lots !! = RM 5.4 mil

0.535 eaten alive... now u see the SELL queue at 0.54. 90k lots again = RM4.77 mil again !!!! someone collecting big time boys...
B4B4, faster buy, you keep on preaching RM1 but u go sell, you ah...not steady la...

9,000,000 units @ 0.53 = RM4.77 mil within 1 minute. I think calvintaneng buy one cos he is million hairs

90k lots at 0.53 eaten alive.
So who buying? Me? Calvin? John?
Nope.... this are the big boys...I already say earlier, it will makan 0.53 and it will be the big guys... so, congrats to those who are holding and those who sell, well, come buy in lo...still got chance

See the huge SELL volume queue at 0.53? 90k lots.... I tell you, if this is snap up, we are definitely sure big boys are in hibiscus. In fact, they already are

By the way, 25 days support is solid at 0.500. It has slowly risen up from 0.42 till 0.5 !! good good... as long as above 0.500/0.505, the trend is just beautiful. It is sailing smoothly above 25 days SMA. If any of you want a screen shot of the technical chart, you can email me at kakashi123_hatake@hotmail.com.

Hey, DNEX is technology stock. Why keep on comparing to Dnex? The only reason is because both are on top volume list. Other than that, nothing similar. Totally different ma.

Hahahaha...go back and sleep la calvin. Those who earn a lot don't come here and chat

VenfX, totally agree. If that stupid ass come out with data, I would love it no matter what bad news they bring.

I am excited to see their Quarterly report

http://www.theedgemarkets.com/my/article/oil-2-opec-chief-sees-higher-compliance-cuts?type=Corporate

BUY CALL !!!

Hey Franklim, steady ah... so we have kakashi, franklim and John Lu

And stupid calvinteneng loser, making bad decision, choose stupid stocks, Hahaha...pity boy

been holding this since last year

Haha....after being patient with engtex for so long.

I had said and said and said again. Stick to sell strategy. So many traders here. come here cheer cheer cheer then balik kampong.

Lets find a few good investors here ok?

John Lu, nice to see u here. at least we both stick to our words right?

I dotn come here and cheerleader and keep on repeating RM1 RM1 or count the oil rigs.
Remember when I call for breakout when the price is below RM0.50?

I am not asking u to trust me cos I can be wrong, but I am seeing so many fake traders here shouting this and that and their balls kecut or patience ran out and chase another Hot stock. They are traders, not investors. They are not wrong, just not an investor yet.

Yes...haha...thinkfirst, I am not like the average traders u see here. Time will tell who am I.

See Engtex. I accumulate and bought at 1.23 average. See the price now when so many ppl sell.

Who ask you guys to sell? See engtex now. My average is 1.23. Just top up last week

actually its a good thing most people here had already sold hibiscus. Removed those "fake" investor. B4B4 is really funny. Like a cheerleader and then he cabut. Hahaha... RM1 coming soon?? Hehe...

I am still here. My strategy is still intact. I bought at 0.475 and still holding the same price. Got some balls eh

hahaha...

ssmani, great to have a girl here

SSmani, are you sure you are a girl? haha...
Yes calvin, B4B4 is so funny. He left hibiscus 2 times d..haha...

Anyway, support at 0,500. That's the 25 days SMA. 12 days SMA at 0.515 already broken. Nonetheless, my sell strategy remains the same. No changes. Oil price 56/barrel, Q results coming soon. Acquisition in progress.
Fundamental no changes. Unless the Q results is devastating, then I will sell.

Calvin882, at least I got a friend here. don't tell me u sell?

Seems like I have to use my mangekyou sharingan

Hehe... B4B4...

Thanks Tronx.

ok guys, I am true to my words and stick strongly to my sell strategy.
Anyway, congrats to those who earned.

Tronx u still with me or u sold?
Thinkfirst also sold right?

Haiz... I lost all my jonins... As a hokage, I will not give up

Switched to DNEX so fast? B4B4 quitted?
Seems like I am the only one standing :)

Who else with me at hibiscus?

Hello hello...how is everyone here? Yahor, where is my comrade? B4B4? and the rest?
Anyway, I am still holding the same at 0.475.

For me, I see this price drop as positive. As long as it does not cut below 0.495 on technical chart. But I am holding this still base on my sell strategy. Been holding at 0.475 for quite some time

thinkfirst, sorry for your loss, 0.53 to 0.52, doesn't seems that bad though

Hehe...who sold 0.505? I say support at 0.515 ma



kakashi immediate support at 0.515, follow by stronger support at 0.495.

15/02/2017 11:25

immediate support at 0.515, follow by stronger support at 0.495.

calvintan is nothing. forget about him.

Consolidation again. This time around 0.52-0.555. previous consolidation is 0.46-0.5
I like this trend. Its flowing smoothly above the moving averages. The graph still looks good after the break out.
Fundamental wise, nothing changes.

First of all.. roy is a joker. He is not even a smart trade.
Ssmani.. yup.. till holding. The key is to understand the business model n have a long term view.
1. See the profit margin. Quarterly report out soon
2. See the gearing. Zero debt.... nothing to worry
3. Business model is still the same n great acquisition of North sabah n anasuria during oil n gas company r at the cheapest
4. Oil price. Now above 50 usd/ barrel. Anything more is a bonus

That's how i bought at 0.475...see it go up to 0.55.. drop to 0.44 .. hit up 0.56 n now 0.535. Still holding. Nothing changes to the points i talk about that attracts me to buy. Stand firm to my sell strategy

I top up more at 1.23.

who is the smart guys who say will drop to 0.48 and that ass calvintaneng says will collapse?

And who try to time the market again? Huge volume selling at 0.515 this morning. Maybe some traders here panic also. Too bad

Q results out d meh?