Guys what is your take on MrRoy? He is the ELITE stock trader in Bursa Malaysia. He is calling to sell this stock.

B4b4, too early to feel confident. Wait until 5pm too see how this counter react. The biggest test is the 4pm test. I foresee that the price will uptrend a little bit and saturate for sometime until new announcement.

Amusing counter with never ending drama. What's next? After all the good news, started to declare the losses.

lucaluca, i am not saying what happen exactly after the article. I am talking about the effect of the article. By the way, i though you have already sold your shares. I am sure you are not trusting that Hibiscus can rebound right?

B4b4, you presence amuses me because you talk without clear facts sometimes and get bombarded by a few people in this forum and you become stronger than ever. Regardless of making money or not, this forum never fails to entertain me. At least i get a good laughter reading the comments here which relieves my stress. I save the money that i should pay doctor. Ha Ha Ha Ha...

lucaluca, in this case, i think Calvin is being genuine. The share price started to drop after Public Investment write up. I think Public Investment is not going to write anything about Hibiscus anymore. No one will dare to write anything about Hibiscus unless Hibiscus prove that its worth is much more higher than its current value. Unless this being realized, we are unable to refute claims by Calvin, stockmanmy, comical MrRoy and so on.

Maybe have to consider what calvintaneng said. He maybe right this time. I think Hibiscus cannot show profit in the next quarterly results because no more huge tax savings, so the management is orchestrating a fantastic show. I don't condemn people with hope but my words to the operator is don't try to be smart. Hibiscus is a tiny company in the ocean of public listed companies and it can perish if keep playing hide and seek game because large public listed organisations 1000 times bigger than hibiscus have perished even when they were genuine. So the management should show that they trust their business model and pump in the capital if they trust their business model.

Don't bother MrRoy, he is going around and condemning every counter with the same comment. I wouldn't be surprise to see him condemning Perisai when the price drop by one cents.

congratulations Hibiscus, in just one hour has hit 97mil. So by 5pm what is your target? 800mil. Ha Ha Ha Ha.

calvintaneng is making sense. Newbies, please go away from this counter, don't try to make money here. This counter is for people with heart of steel. If you don't trust this business model, don't invest in Hibiscus. STAY AWAY to STAY HAPPY.

UMA is going to be launched i guess. Not even 10am and yet has reached 90mil volume. This game is to get rid of contra players. I think acquisition of Sabah Shell may have problem because Shell discover abundant gas reserves at Sabah waters. Hibiscus was really intelligent to acquire that are, just hope the acquisition is successful.

Ha Ha Ha Ha. All run away from Hibiscus after saying this flower is blooming and will shine in 2017. B4b4 who was a strong supporter has also dished out hibiscus. Good, good. Keep up the good work. There is one big secret that is going to be revealed soon. Ha Ha Ha Ha.

Hibiscus has performed well in the past few days. Hopefully Hibiscus will progress more in 2017. Happy New Year all.

HA HA HA HA. B4b4 must be shoveling for diamond instead of ubi kayu.

Oil price may not drop below $50 because shale oil producers are hedging shale oil price. So high chances this stock will saturate here until more good news appear. It is too early to say oil is bullish but let's hope that 2017 will give us positive surprises.

Mudajaya started sinking again. The short uplift was simply due to the orders they got. This company will not make it if they don't do something about their India project.

Laplace, i think your comments are reasonable and valid. No worries.

Chances are there for the prices to drop but i guess only marginally. At least this company has oil production and has made an acquisition for an oilfield. There are some hope PROVIDED Oil Price rebound stronger and the acquisition is successful. Hopefully Trump will be the trump card to revive the O&G sector. Pardon the pun. Anyway enjoy your long weekend people and Merry Christmas.

400523 the RM150 mil p.a. profit is just an estimation of 30% if the power plant continuously supply 700MW. If the profit margin is 20% than the annual profit for the 4 units will be around RM100 mil. Honestly if they did not plan to even make RM100 mil a year, i don't see the reason for taking such a huge risk. I have to tell you from my knowledge, RM100 mil profit a year is splendid compared to the profit they can get from all the construction job.

char1234, Hibiscus has withstand the heavy selloff for the past two day. I guess there are chances the price may drop marginally next week depending to the sentiments and the crude oil prices.

B4b4, you sold all your Hibiscus shares? Did MrRoy influence you?

B4b4, i salute you courage but don't oversell this counter else you will be criticized for no reason. I am hopeful too that Hibiscus will perform but not now. Let's wait for 2017 to see new development.

MrRoy, you are the man!! You go to AAX and tell the people there to buy shovel for ubi kayu and then you come here personally to tell B4b4 to buy shovel to search for ubi kayu. Ha Ha Ha Ha. What is your strategy man, are are you doing this to pass time?

I have said it already, this counter has saturated. The price is now fair and it won't go up or go down to 0.2 unless Hibiscus is still a SPAC. Just let this counter cool down for awhile until Jan 2017. Those who say the price will go down to 0.2 are the big time players who will want to accumulate back when the price really hits rock bottom so new investors don't get confused.

400523, my shareholding is peanuts compared to those venting their frustration. If i hold at least 1% of the company share, i will fly to Chennai and Chattisgarh to find out what is happening. If Mudajaya is willing to hire me as a special adviser for this project, i can turn around the situation.

IBanker, honestly speaking, the price won't go up until a decision is made for the project in India and the management execute the decision. Two possible scenario are to sell the stake in India or to start selling power to the grid. At the moment either way is good for Mudajaya HOWEVER if they keep delaying in selling power than the best option is to sell the power plant. Although the total profit over 25 years is attractive, it is a high risk investment especially in India. If Mudajaya choose to keep the stakes in India once they start selling power, my guess is the share price will only be able to touch RM1.50 BUT if they decide to sell than i am confident the share price will go beyond RM1.5. Either way, i will be happy person.

Just for the record my shareholding is only 200 lots and the current price is close to my average per share.

B4b4 don't be heart broken. What an irony coming out from the mouth of HeartBreakKid. STAY HAPPY and CHEERS!!

400523, i am trying to get information. I will share if i manage to get any info here for others to benefit also.

Laplace alerted earlier and i was cautious. I have to thank the engineering man Laplace. Anyway I am lucky that my shareholding is not that much to feel the pain from the drop in price. My profit was more than the drop i am experiencing. The price will rebound again but will not break 0.39 until there is a good news. This is my guess. Don't worry so much and let this counter rest for awhile for Christmas. When new year starts, lets fire up again. Like B4b4 always encourage, STAY HAPPY and CHEERS!

Ha Ha Ha Ha. Hibiscus price has saturated at this point. Just keep your shares and wait for 2017. If you want to add some, go ahead and add to increase the Market Cap. The price will only uptrend when there is another good news. I guess for $55 a barrel and with only Anasuria in operation, the price is going to hover here for sometime.

I can anticipate why the management does not want to sell the stakes in India. My guess is, they are anticipating for the RM150 mil annually which is probably more than the profit they can get from construction projects with so much of trouble.

So far the PPA is 350MW for Unit 1 and Unit 2. I read that the power demand is increasing and I assume that they will be able to generate another 350MW from Unit 3 and Unit 4. The total of 700MW is only 50% of the total power plant capacity. If they don't generate at least 700MW from the 1440MW power plant, then the whole project is a waste.

400523 my 30% profit is just as assumption. I am not selling power so i won't know the exact figure but i am quite sure the profit margin is above 20%. If not why would anyone want to build power plant?

400523, PPA is for 25 years which means, assuming they generate a total of 700MW from all 4 units for 25 years, Mudajaya will make about RM3.75 bil assuming the profit is at 30%. Now Mudajaya has invested about RM1.5 bil with their 26% share in the project. I am not sure about the loan and interest rates. You can see where they stand from here. Now the most important thing is to start selling power to the grid if they really want to make money.

RM77 mil is for both unit 1 and unit 2 that generates a combined output of 350MW. If all four maybe double about RM150 mil per year. This is however assumption, the profit maybe less than 30% because they have to payback the enormous amount of loan they have received.

RM77 mil is for Mudajaya portion. RKM profit is about RM223 mil. This is assuming that they get 30% profit from the continuous production and sale of 350MW power for a year.

400523 did you click it? Try to copy and paste the URL. I can open the site. When they say the units are commissioned that means both unit 1 and 2 are ready to generate income. The total power that is agreed to be supplied is 350MW as per the PPA http://www.uppcl.org/uppcllink/documents/200420161101071PPA_RKM_Original.pdf

Which simply means their revenue is 350MW x 24 x 30 x RM0.33 = RM83.16 mil. Assuming that they get 30% profit, the profit will be around RM300mil annually and Mudajaya with the 26% will be getting around RM77mil annually. I don't consider outage time because during outage the other unit will be able to cover the load demand. I am looking for an answer if the machine is supplying the power to the Grid.

It seems like UPP1 and UPP2 has been commissioned from this source http://powermin.nic.in/sites/default/files/uploads/LS_11082016_Eng.pdf

Some interesting information for reading

http://www.uppcl.org/uppcllink/documents/200420161101071PPA_RKM_Original.pdf

B4b4, I am no wizard or fortune teller to predict the future but I am hopeful that the price will go up. Anyway, I won't place all my bet on one counter.

Minta maaf, saya sudah ada pelan yang rapi untuk mengaut keuntungan. Tapi hanya mampu beli beberapa biji sahaja. Tauke VenFx, orang kaya boleh beli ladang durian.

I agree with Laplace, Hibiscus share is now a fair price. The price will hover around 0.4 until some good news is out. The next thing is Hibiscus must pay dividen to the shareholders for the share price to move to the next level. I am happy I sold Hibiscus and bought back again at 0.38. A quick profit and some hope for future. Let's wait for 2017 to see what will happen next to the O&G sector.

chongmeng, that article is old. I am waiting for the new valuation but if the Anasuria production is up and Sabah Oilfield acquisition is completed then the value must be way up especially with oil prices above $55. By the way, SRC is not acquiring the oilfield, they are interested with the refinery in Sarawak and Port Dickson i guess.

The immediate support is at 0.335 from the chart but i don't really rely on charts, i read the fundamentals before investing.

If Hibiscus can withstand the selling pressure, then it will move up sooner or later. I am still keeping some hibiscus. If the trend is positive, i will stock up.

B4b4 what do you mean? We cannot use shootout as a reason for oil price to go up. Apalah.. Let's wait and see what happen next.

The reason why i fear is because the company directors are not buying back the shares. If there is solid profit from the business they would hold on to the shares. The price uptrend is because of general public like us and of course i am hopeful that the Sabah Oilfield acquisition is successful but like i said before the oil price has to stay at least above $50 and the oil producers must honor their agreement to cut oil production. Another important thing is the US must reduce shale oil production. Then Hibiscus is on the right track.

Thinkfirst, agreed. I don't want to be greedy and at the same time i only let go a bit and still keeping some. If the price happens to drop again, maybe i will accumulate back.

http://www.theedgemarkets.com/my/article/stock-momentum-hibiscus-petroleum-4#