This company is run by young and inexperienced management. The way the share price is going shows the weakness of the company and with mega projects being scrapped coupled with the failed indian project, this company is really in bad shape.

So sad that i sold Hibiscus long ago. I knew that this stock has a good potential but too many speculations on global oil price has made me paranoid. Anyway congratulations to those who have been holding this stock for more than 6 months and for those who bought recently, good luck.

GM68, don't speculate. Talk with facts, even if they secure the oilfield, they have a lot of work to do before they can pump out oil. After the first month of exploration and production only we will know the clear picture but retail investors are going to dump money with the hope share price will sky rocket. Please read my sentence carefully, "Has Hibiscus raised enough funds to acquire the oilfield?"

B4b4, i thought you were Hibiscus strong supporter, how come you are now in Reach counter?

Has Hibiscus raised enough funds to acquire Sabah Oilfield? I am not being sarcastic, just asking a honest question to the fellow investors.

I believe Hibiscus has raised enough funds to pay for the Sabah Shell acquisition or is it still raising? Good Luck to those holding Hibiscus.

The share price will climb up soon because they haven't recognize the revenue from many sources such as the Indian IPP, Tg. Bin and probably the construction sector will be the icing on the cake. This is a slow show but definitely going to be a good show.

Why Mudajaya don't want to release QR?

Too many kids in the stock market, make it look like casino. No fundamentals or idea how things work but keep betting on stocks. These people spoil the market for themselves and others.

GM68, don't promote when you are not sure what is happening. The real value given by Mercury Securities is very sensible.

hallelujah, my point is clear. I am not a cheer leader and at the same time i will not boo the share. I am not a loser because i invest carefully and I don't go with the MOB. Don't be extreme because unexpected things happens.

Alex KL, that is exactly what i am trying to say. This company has a long way to go. You can read my comments but many people blow their trumpet and say the shares are going to limit up, sky is the limit and bla, bla, bla. All i want to say is, this news is not going to make a major difference and it will take a long time for Hibiscus to establish unless some magic is done to push the share prices up. I don't want to mislead new investors.

w6999, sorry Hibiscus is not HL Bank. You need apple to apple comparison because the two are having different businesses. What i am saying is, if the management is confident, they will accumulate the shares as they can see more potential and will not be waiting for retail investor to invest. Since you compare with HL Bank, tell me, why big institutional investors are not into Hibiscus? Again the business is not bad but too much of uncertainty ahead.

tvz32, just one question, do you think the funds raised from retail investor sufficient to cover the acquisition? Well i don't think so. I don't deny the fact that Hibiscus has cash but it will not be enough to cover the cost of acquisition at the moment and therefore a strong investor has to pump money into this company in which I don't see it happening until now. So unless that happens, there is no way the shares are going to appreciate. It is going to take a very long time with the uncertainty in oil price to really see profit and big players may not take the risk.

tvz32, i think you did not get my point. I am not saying the company is not doing well, i am just saying that the management doesn't appear to be confident yet. If they are confident, they will buy back the shares which will appreciate the share prices. If you think retail investors are going to push up the share price, GOOD LUCK. The news of the acquisition is still neutral as it is still subjected to approval of certain conditions. In a macro view, the global oil price may not recover very soon mainly because US is continuously pumping out shale to replenish every barrel of oil cut by OPEC. If this is the case and extracting oil from EOR is going to much more expensive, how long will it take Hibiscus to payoff for the acquisition and start giving dividend? Are you willing to wait during this uncertainty? If this acquisition is a fantastic news like many cheer leaders say, then why isn't big players start investing into this company?

asiv92: I don't think it will happen and i don't see any changes if they were to consolidate as you mentioned. Probably the share price will be doubled and if the company does not perform well it will be even more difficult to raise funds as the retail investors might be skeptical.

This is not an undervalued stock but the company is keeping it undervalued. Retail investors can never push the stock up. These are fundamentals.

Don't get too excited. The problem with this stock is that too many shares in the open market. The retail investors are going to bash each other up. The only way moving forward or limit up is if the company buys back the shares which simply means that the company is confident that the business model is successful. I am Hibiscus shareholder but i am still not convinced with limit up story. I have mentioned it last year, Hibiscus must buy back the shares to convince me and not let the retail investor control. Sorry for being a sour grape but that is the fact.

GM68, this time i have to agree with calvintaneng. My estimation is the price is going to drop some more due to the very negative sentiments and many people are blowing the trumpet by saying there is no more future in oil. I believe there will be a rebound but it may take time until the oil price rise back again to $55 and the Sabah oilfield news is out. If both these conditions are not fulfilled, then be prepared to get trapped for a long time.

Now really very dangerous. It can collapse anytime. I have sold some of my Hibiscus shares. Small gain and no loss. At least won't be trapped again if drop further. The oil price drop is an unexpected scenario but this stock will rebound again once the Sabah oilfield acquisition news is out and provided that Oil price remains above $50.

No more cheerleaders. Maybe the phantoms or boogeymen will comeback to scare the investors away. Next catalyst is Sabah oilfield acquisition and the news will be out within the next 3 months.

EHl1964, i am skeptical the price will shoot up on Monday but let's see. Someone ask if Unit 1 started already, yes according to CEA report Unit 1 started operation on 13 Feb 2017 and supplying approx. 6.32GWh or 6.32 million kWH per day.

Thanks for the hint hinata. I just bought a bit to have grip, can average down anytime if price drops. I am pretty sure KWAP and EPF will comeback to this counter soon.

Looks like Hibiscus fair price is around 0.49 - 0.50. So i guess the price is going to hover here for sometime until the successful acquisition of Sabah oilfield.

Ehl1964, you must be some big time multi millionaire. Looks like you will be able to climb up to the top management level with continuous acquisition of Mudajaya shares. All the best.

I think 1.18 is fair time to enter. Ha Ha Ha. This is one of my favourite stocks. I have entered after long time thinking of buying this stock.

I am intrigued by your confidence Ehl1964.

There is some serious fluctuation. Must let the price consolidate and then enter. I don't think this is the right time. Yoyo in action.

I am not sure why the management does not want to disclose the operation of Unit 1 at UPP. Something is not right. I am pretty sure they know investor will find out this information however they are still very silent. This is becoming a 50:50 gamble. Either a good news is coming out very soon or a pretty bad news is going to be released.

Posted by miker > Mar 1, 2017 10:51 AM | Report Abuse

TBE issues has been factored in, it is a court case, to claim the defect from sub-con. If the court case won by Malakoff it will be one off revenue.

Miker, besides the court case, TBE have long outages which reduces the revenue and Segari has a lower capacity payment for the extended PPA.

B4b4 don't start again. How you know they are paying bonus?

B4b4 always with misleading information.

I am not selling mine for one reason besides Sabah oilfield. In fact i bet no one in this forum would have the same strategy.

Honestly, there is no reason to press down the price. The price is already very low. I would be glad if the price climbs back up and i can get back my money. Not going to comeback here again.

Jackhammer in action.

Ehl1964, i am from power background and i will not dare to say RM100 mil easily unless i have enough proof. They can make RM140 mil profit as per my earlier message if they operate all four machines together to generate 700MW and their profit is 30%. Anything less will affect the profit drastically. Remember there are too many variables hence the profit will be fluctuating.

newbie_Investor, that's the max i can see. That's why i said 30% profit due to plant operation. In this case, i guess the net profit minus the loan amount will only result about RM70 mil which is highly possible.

Where is B4b4? Must find B4b4 until lubang cacing.

hammering in progress.

nelayan, RM700m per unit is impossible. The PPA is 350MW for Unit 1 and Unit 2. Both Unit 1 and Unit 2 will generate about RM907 million revenue assuming continuous supply of 350MW. If by chance Unit 3 and Unit 4 can supply another 350MW, then total revenue is about RM1.8 bil annually. Please bear in mind that this is revenue. If you want to estimate profit, then let's assume 30% of RM1.8bil which is about RM540mil annually. This is the max profit i foresee. Mudajaya's share is 26% therefore it will be about RM140mil annually.

The price of Malakoff will hover around this for sometime or probably drop some more due to uncertainties ahead, if you are long term investor, then this stock is a valuable buy because it is valued below its book value at the moment. The dividend yield may not be attractive anymore until or unless they solve Segari and Tg. Bin issues.

Congratulations my friend. Be prepared to buy some more. I am starting to loose hope with this counter. Soon it will merely be a goreng counter.

Just the matter of time, the hammer is coming. It is going to hit very hard this time i guess.

No more falling knife, it is falling guillotine. All the best to whoever want to catch or hold it.

I am doubtful that they can cover the loan amount at this rate. No wonder with so many projects, the share price continue to collapse.

Unit 1 first started operating on the 13 Feb 2017. Until 18 Feb 2017, the sell 37.93MU. 1 Unit is 1kWH therefore 37.93MU is 37 930 000 x RM0.3 = Approx RM11.379 mil for 6 consecutive days. Each day revenue is RM 1.9 mil. Assuming 30% profit, everyday net profit is about RM570k. Mudajaya has 26% therefore they are making about RM148k everyday.

Today is T + 3 since 22 Feb.

Hibiscus not so bad after all. The T + N effect is taking place. Let's see how it performs after Wednesday.

Like i said before, it will drop some more however there are so many players willing to hold it up. All the best guys. You are swimming against the current.

Well if the pattern continues, maybe it will touch 1.00.Some small players maybe fighting against big players to maintain the price. Let's see who wins the game.