very positive day, sitting on 10% profit, RM2.50 probably is my long term target

ASIAFile? no, it is asiafly

CONTRA PLAYERS, LISTEN!

from first day of my posting, i held no HIBISCUS's stock

there are better counters like out there, just look at my recommendation, most of them up 20c above, I don't need to punt hibiscus as I see no catalyst on it now

Anyway back to FP, please ignore this guy, because he did not know how to value a stock/a concession/market cap also don't understand and he play golf during haze (a mentally ill guy? or a liar because he was playing video games?)

Notice his traits from his posting, mark my word, he tends to behave like a kid, posting coffees and golf comments as if he is someone powerful/rich/high status, because in actual fact, he has no life besides tracking me and skyte's comments

just beware of this guy

I have monitored that bomoh all along, he pushed and promoted this stock heavily before december, the price went up to 2.70+ and crashed to 1.40, last 2 weeks he did the same thing, the price gap up, everyone was chasing because oil was found and RM2.50 to RM2.04 now

sklyte, better dont buy first, i sense something is not right here, might be a major seller want to get out, wait for buying signal

bomoh sudah cabut, hibi -17% since announcement, rex - 3% ? hello anyone? new bomoh can replace ?

REX lose 3% ,after -announcement 64.5 now 62
HIbiscus lose 17% - post announcement 2.50 now 2.07

now people had realised how foolish they are for believing the idiot of all time here, i pity you guys seriously, what you guys can do from now own is to stop other forumers from believing this guy, whatever he talks are crap and bullshit, look at the price , judge yourself, if 3D oil stake is worth RM4.30, why Hibiscus keep on going down even they found oil? blame who? blame yourself for not doing due diligence!

another false claim, sklyte you may add his claim that I am y ou, see how childish his comments, and now hibiscus is experiencing a breakdown, you guys learn your lesson or not? dont trust the person who talk the most here, he thought he knows best, but look at how poor is his thinking ability, cant even value a oil concession, RM4.30 huh? Laughing out LOUDDDD

it is obviously game over, they have pushed up previously created high volume for you guys to grab and they dump at the same time

As mentioned, (i) hibiscus is overvalued or (ii) rex is undervalued ; shown in the price, found oil, 3,000 BOED, yet price is lower compared to price before announcement, what does it tell you?

syndicate is not interested to goreng to offer an opportunity for retailers who trapped at above RM2.50 to get out, so sad for those who lose 20-30% previously, you have to wait longer to recoup your money this round

everyday down, as I mentioned previously they have cleaned up their manipulation

any more shows going forward?

silently launching, lets see if tomorrow will hit RM2?

remember Tan Sri's last date is on 21 April with SP SETIA, so guess what will be the price at then?

how is today playing golf suck in all the haze in the air? feel nice? oops, forgot you play in video games as oilman said, haha, life is really too short to argue with people who have low thinking ability =)

yinson will crack RM12 after split and rights

another joke of the day, i am sklyte? what a good brain you have

heard that gdex charges will increase 15-20% starting this month, another rerating>?

haha, well observation, yet alot of forumers are blinded by his comments, we shall continue to do our best to educate what we know about the market, not over promoting a stock

before split will reach RM10.50

next leg is coming..I am looking at RM8

playing golf? please don't lie here, a golfer like me would not even care to reply, you are out of the green, bringing your ipads around? haha, at this kind of weather? please stop giving craps la..low life dude, need to lie around to show how great you are? puiii

WHY ISNT REX PRICE 65% HIGHER THAN HIBISCUS? YOU DO THE MATHS LAH! YOU SOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO GOOD WHAT......OH!! GOT TO GO...my turn to putt....

use your brain lar, idiot

cant think?

hibiscus overvalued or rex undervalued can i dont repeat to show your stupidity?

I don't need to promote REX totally, if their technology works, the valuation will come later, that is why I am prudent in my investing, as an entrepreneur, could you don't care about your business partner? sorry ya, probably you never try to become an entrepreneur before, your only life is typing here in hibiscus' forum and drinking coffee, haha, sad to say, did not even bother to read financial markets/valaution/reserves, have our education system effectively been so poor? How to lead Malaysia to become a developed country if our country is managed by bunch of idiots, and there aren't any talents here? cant even bother to increase his knowledge in valuation/reserves? probably you could not blame him, from my understanding, IQ level cannot be increased, so sorry to say that

annoying piece of moron, you didn't know sg investors are lack of people like you, that is why the way they invest are prudent, they understand what is market cap, valuation , reserves value, not tin kosong shout for coffees like you

Malaysia's companies currently are enjoying a higher valuation due to the Petronas' factor, it is normal to see hibiscus trading at a higher valuation than REX, indeed normal as you won't see KEPPEL trades at UMWOG's PE20x, this shows how shallow your knowledge is, besides drinking coffee, giving false valuation to forumers and type brainless comments, i think you do not know anything, pity you bro

See how childish are your comments, investors out there, please look at this guy, behaving like a kid, again I am warning you guys, do your due diligence on his statement before you trust him

There is nothing wrong with your math, just your thinking ability, one well has 10million reserve, and you mean you are the first in the world to develop a technology that you can grow 10more millions in that well next year? please share to SHELL/EXXON/PETRONAS..but looks like nobody give a damn on you because you are a moron with no oil knowledge/ financial markets methodology, you won't be here if you have found a new technology on growing oils out of nothing, your IQ as low as our PM, where he said he can get RM1 for whole chicken, just like you say you can get RM7.20 (PE15) for 10.3million of reserves, all are jokes of the year! keep us entertain!

I am just contributing here, this is not a forum owned by you, you have no rights to ask me to leave, please, think again with your brain before you typed

I realised that you have been pushing the stocks since last year and tonnes of people got trapped and cut loss in this stock due to your comments, if you are investor and confident on hibiscus, there is noneed to keep promoting the stock, and you did it well by saying no contra on this stock, but who knows your motive behind, as long as you are promoting this stock everyday, it does not show that you are an investor, hope all the brainful investors out there realised they are listening to a moron here, check his comments on reserves statement and market cap statement before you follow and puji him, it shows again you don't do your due diligence and simply believe in a guy full of coffee himself

moron and brainless flowerpower, you know what does market cap means? number of shares x share price to be exact, please do more study and logical thinking before you comment, it looks really stupid on you

if hibiscus can trade at RM1.7B market cap, there can be only 2 reasons:

(i) hibiscus is overvalued
(ii) rex is undervalued

FUTURE EARNINGS BASED ON A DRY HOLE? you are really full of nuts, if Australia has only 10.3m reserves, you can pump in another 10.3 next year? I doubt your IQ level now, not even close to 100 I think, sklyte is right, we should not entertain this kind of moron here

useless warrants keep on going down, same price as SONA soon

syndicate finished their jobs, time to clean their hands?

And hibiscus back to square one, interesting, looks like someone has taken the opportunity to sell down previously?

2 groups fighting I guess, weird movement Asuprem

hiddemgem hahaha, RM2, hehe, yes mark your word, ecoworld will be split 3 times and RM2

haha, bros and sis, ya before april, hopefully if not mid april

I will park my buy at 30.5

rights issue he already mentioned he will do that,in fact rights issue with warrants, looking for opportunity to grab now

this counter is scary, operated

REX = SGD678m (RM1,76b)
Hibi = RM1,24b + RM710m (warrants) - cash raised from warrants (RM150m) = RM1.74b

If hibiscus is underpriced, what more is REX?

I think lets not fool around with him,reserve x PE guy, i don't think he has a problem with his math, is his logical thinking (his faulty reasoning), i doubt he was a petroleum engineer as claimed by him, don't think any oil majors will hire people who have low reasoning /logically thinking (IQ)

Anyway this forum is not owned by you, you could give your opinion but not bashing others, I am just saying REX has higher value than Hibiscus, and you acted like a kid as if hibiscus is the best stock in the planet

supported at 200MA, interesting to look at what will happen next

You just like to twist everyone that offers their opinion against HIBISCUS, in fact I am just comparing REX to hibiscus, i didnt bash HIbiscus, please don't act so childishly

1. different business model - so? we are talking about value here, who is the main beneficiary? no hibiscus, rex can still find oil with same probability? yes, no rex, hibiscus can find oil with same probability? think with your brain
2. project manager for OMAN 50 only, so? if you only project manage, you are still not the main beneficiary, does it imply you get more % if your drilling is successful?
3.Hibiscus has right to technology , haha which statement you read from? So you mean hibiscus can use REX technology without REX's approval?
4. REX dont need rights to HIbiscus, what rights? to produce in Australia?

LIME PETROLEUM OWNS ALL CONCESSIONS OF NORWAY/OMAN/MIDDLE EAST, THE ONLY THING REX DID NOT HAVE IS AUSTRALIA, WHAT IS AUSTRALIA'S VALUE? read my first post

GO and analyse REX first before you make stupid comments , saying HIBISCUS have higher value than REX does not make any sense, even a primary student would know 65%>35%

One thing I don't agree with you, you try to explain the fall too, yet you ask people not to trade, as a long term investor, we shouldnot even look at short term fluctuation, no point talking about that and keep reiterate the same points over and over again

wow, looks like game over? someone is manipulating this stock?

this is a UMNO related counter, that guy donwan to goreng, you can be stucked for 1 year

if REX works, main beneficiary = REX International, owns 65% of LIME petroleum while Hibiscus owns 35%. Your pick?

mark my word, will touch RM5.80 before april

please sustain

executive director are being paid 100k per month, and nothing materialise? shaking legs and dont buy assets, keep cash, generates fd interest, pay his salary = this is cliq's business haha

oilmanster, proven reserves - 6.5million, sorry it is not 10.3m, i think FP misquoted people here, luckily I did some checks to verify it, 3P reserves stand at 10.3m

once classified as 2P reserves, then it will be recoverable

From my first post,

"Flowerpower, Hibiscus have 512million outstanding shares and 500 million outstanding warrants

Please educate us how do you get RM4? With almost 1billion worth of diluted shares, you are saying that it should have a market cap of RM4 billion with only Australia

I think you have no case and no sense on your valuation method. With just 5 years of investing experience, I did a rough calculation on Australia

Assuming Exchange Rate = RM3.30/$
Hibiscus' net interest = 56.6%
Australia's 3P reserve = 10.3m
Outstanding warrants = 500m
Warrant's exercise price = RM0.50
Potential cash from warrants = RM250m
Benchmark valuation on reserve = $15/ barrel

= $100 x RM3.30 x 56.6% x 10.3m x $15
= RM288million

How do you get RM4? Trying to bullshit or your maths fail last time?

RM288+250million cash/ 1 billion warrants and shares= RM0.538"

I think skylte was saying you gave an assumption as follows:

{10,300,000 barrel of oil x US$25 profit per barrel x RM3.3 x 0566 Shareholding x 10 (PE) } / 1,000,000,000 shares = RM4.80

Assumption:

1. Production 1 year
2. PE = 10 (already very low) - Typical PE 15

If use PE 15 - Price value is RM7.20

FP, just admit you don't know how to value a concession, how can you use PE? as I said, Australia has only 10million proven reserves, where does the 15 x comes from? magic?

Luckily I bought into REX...HOORAY

if hibiscus goes down, the company will be labeled again for doing something stupid, i.e not accepting the RCPS at 1.85, so 2.10 is the way it will be supported, or else no more people will be trusting the management again

but HLB analyst is also QLC's employee? To prove him right, he should know what are the catalyst, and he should revise the price up? weird