Happy New Year 2014 everyone

The warrant finally shoot back to rm1.20. Let us see what is the year end closing price for both mother&son.

Warrant still closed at discount to mother share. Nd to breakthrough rm1.2 resistant level.

Woh today closed green. Luckily still holding 70% share. Let us see how the drilling next year

Woh this weekends hv so many comments aft such big pullback.Pls dont play contra now as it is downturn. Yest i hv sold some once it trigger the rm2 support. Still holding sm in case they suddenly announce they manage to find oil which is the hope for hibi to rebounce. anyway we again nd to monitor closely on mon

That why i said investing in oil&gas exploration is vy high risk.. u shdnt buy when is vy high right before drilling.. the price is vy unstable & will pullback drastically if they cant find oil.
Now our hibiscus still hvnt announce any news yet. We see how is on mon

Really falling knife. Drop below the support level&getting lower&lower. I hv sold some too to lock in profit 1st. Luckily fat cat u didnt buy last week

Oh gosh down so much in 2days.. nd to kp good track tmr. If still down tmr will start selling some of my portion to realise sm profit. Im not a TA person but i knw investing in oil&gas co esp in drilling time is vy sensitive to drilling result. It normally tk abt 1mth to complete the drilling. Once find oil confirm up&if unsuccessful then it drops. This is the experience i gain when investing in junior oil&gas co in asx.

Hi Fat Cat. Yes reading the whole thick prospectus will make u want to vomit. Instead try reading the investor presentation which is much more easier to digest&understand. Here is the link:

http://www.hibiscuspetroleum.com/index.php?h_content=3

Congrats Flowerpower. U really are a true fans of hibiscus. Buying at 0.75 shows that u strongly believe in the management team. For oil&gas company, the sp will normally have a wild run up right before the drilling starts(a norm in pre-drill situation). If they manage to strike oil which is commercial viable it definitely will breakthrough rm6. For those investors who want to play safe u can start selling some&the remaining is free ride. Let us pray hard it will strike oil.

Yup by the way u can choose to settle ur trade in RM currency. They will do the conversion for u based on daily rates. If u hv foreign account in ur local bank u can opt to pay by foreign currency. Foreign currency fluctuations is another risk investing in foreign market.

Hi Fat Cat. Yup im staying in malaysia. Im currently using hlebroking as they hv online foreign share trading platform. Hlebroking charge minimum brokerage sgd30 for singapore, usd30 for US&aud50 for asx per trade. So the charges is quite high compare to local market. Aussie company mostly comprise of mining,oil&gas&resources stock. Means they mostly is asset play company & you cant analyse this company based on their earnings. You hv to bear with the risk investing in those junior company esp most them is in exploration stage which is the earliest stage of a resource company life cycle. They dont have any earnings for u to calculate&determine the pe ratio. Then they hv to go thru the process of exploration & if they hit the resources lk oil then the shares will go up significantly. However if the well is a dry well then the share will come tumbling down. It is vy high risk but is a high reward too. Is a long term investment too as u need to go thru the whole process of buliding up the company. Explore,define,develop&finally in production where the cash really comes in. It will takes ard 1-3years depending on the management capability&cash flows of the company. Im quite an aggresive investor & i suggest others not to follow my steps. But if u are willing to bear the risk to reap higher reward then u can go for it.

Others i suggest to look into singapore market. Their company is quite commercial based,easy to analyse&u can study their financial backgrounds&do some research. I will venture into singapore market next year too.

Morning everyone. Fat cat tim buddy if there is anything & when u need info we can always discuss here. Hepitrade i hv keep for almost 1&a half year by now. That time i did recommend to my friends but none of them buy. That was the time when inari had just come out with a proposal to acquire Amertron. Hv spend much time reading the whole thick prospectus. Now i hv put more time investing in asx market. My current stocks holding in klse market is inari&hibiscus. Hibiscus i bought ard 1.55&regret i didnt buy earlier on when it has just listed esp their warrant(0.15 that time). Another stock insas is abt 0.55 in oct i did recommend to my friend to buy since it was way too undervalue for an asset play company. Haha too bad i didnt buy any also. The us tapering is coming soon so i will not add any more stocks in my portfolio. Will do research for klse stocks again after the us tapering result. Right now I will put more time to study TA which i feel i hv lack of this knowledge..

Enjoy your weekend guys.

Woh is a good closing tonight.. glad i hv hold this stocks for long term since it was at 0.34-0.35 range.. haha i always like small cap stocks with high growth in a high demand industry

Im both inari&hibiscus believer..Haha

Let us hope so.

Hibiscus Australia JV awarded production licence today Vic/L31 extended over previous west seahorse today

Thk klsenoob&henshin for the sharing

Woh everyone is also millionaire here. I just start investing about 2years ago. Hope i can become millionaire by next year too.

Got oil or not we will know by next month

As mentioned earlier the conso cash flow is prepared
using indirect method. For indirect method we start with net income then adjust for all non cash related items lk provision,depreciation,loss on disposal&interest(tk out coz is investing activites. Then compare inventory,receivable&payable with previous quarter. So the rm7million from operating does not only comprise receivables but the overall effect. Increase in receivables&inventories will actually decrease our cash flow(eg receivables increase means the sales in credit term has increased reflecting in the cash flow.

Overall the gross profit has increased by 80.7% but the gross profit margin has drop frm 28% to 14% mainly due to the lower gross margin frm amertron which affect the overall group gross & net profit margin. Eventhough that when compare to eps Inari has been able to
increase from 2.24 to 4.69&i see this as a positive contribution from Amertron despite the lower profit margin. The cash still remains strong with 48million. Inari is in the growing industry where
the smartphone is expected to rise 15-20% annually.

Another catalyst right now is the approval for transfer to main board & the stock will certainly re-rated once it is successful.

Puripuri the conso cash flow is prepared using indirect method. I will hv a quick look later&explain to u later

Fortunebull dont feel dissapointed. Hv some faith on Inari. No worry it is a growth stock & has the potential to move forward just that it need tk time. Will consolidate awhile before it shoot up to a new high.

Inari is hot stock now.. Cm bk to hibiscus i will wait patiently in the sea waiting for the drilling result..

Great.. Finally the quarter report result is what i hv been expecting all this while. It was worth the wait since i hv been investing it since last year. Was a lone ranger that time & now happy to see more ppl on board now. Congrats everyone..

Will time my entry soon

Alright is time for inari to post the quarter result soon. Judging from insas latest quarter report inari shd report a higher earnings this time as the earnings frm amertron will be consolidated into this quarter report. Am so eager now

Strong opening price for both inari&insas

Hopefully will breakthrough resistance 1.40 tmr

Yup is last day for those contra player tmr

Inari is a good fundamental stock from the start. All this while i only use FA& now start learning TA.

Really in bullish mode.

Wohoo today Edge publish on Inari:
'Inari Amertron optimistic abt growth prospect'

Wohoo let us see how it goes today.

They hv to pay extra usd6mil to complete the acquisition of Amertron. Hence will hv some effect&correction on this matter

Im still learning to be a trader. All this while im using fundamental analysis & apply it on inari also.

Haha great to see we all in this speedboat..

Yes is a low pe ratio company with strong earning growth abt 20% every year

Haha all also win big today. Exit a small portion of warrants today.

Good closing above rm1 today. Happy that i keep holding until now.

It manage to break 0.90 again this time.. Hope the bullish continue to burn tmr

Sorry Tan Kw there is an error in the article on 3D oil west seahorse proven oil field which actually contains best estimated contigent resources (2C) of 9.2million barrel only & not in billion. However 3D oil has 2significant prospect which is Sea Lion & Felix alongside West Seahorse. Sea Lion prospect is on trend with the West Seahorse & has best estimated resources of 11mil barrel. If it proven successful Sea Lion will be produced via a tie back to the West Seahorse. Felix on the other hand has the best oil address in Australia but situated in deep sea far frm West Seahorse. It has estimated to contain 12-15mil barrel but is still under explore at the moment.

Woh reach limit up today

Is trending uptrend now

Finally touch resistance 0.90. Can it continue to hold? We hv to see tmr

All also up today due to fed reserve announcement yest.

Just start reading on technical analysis for dummies. Another famous book is how to make money in stocks by william o'neil. There is a lot of books on technical analysis. Others if dont mind pls share with us.

Chiam4192 u can start learning by reading the technical analysis books. There is a lot of those selling in bookstore. Im also in learning stage right now

Or u can click quarter result under disclosure in this pg

U can straight away download quarter result in this page. Just click company announcement under the headlines.