I hope I am wrong

"Associates contribution increased 35.4% YoY but declined 34.0% QoQ. The
former was due to higher crude oil price, whilst the latter is likely due to
overflow from 3QFY17 as a result of maintenance activities." extract from report
Dnex only associate in Oil and Gas is its interest in Ping...( look up annual report) not sure why the plural (associates) has been used. analyst just lifted it

Sorry guys this is just to be cautionary . I still believe in Hibiscus

it is on klsei3 ( this very site ) under company Dagang Exchange (DNEX)
TA research 25 May
2018

I am a longer term holder of Hibiscus so don't fret with scare mongering by spivs

just be careful guys Anasuria production has not been good due to spillover of maintenance from previous month. TA research mentioned this in their analysis of Dnex results I think there was more than a 30% drop in profit from anasuria for Dnex (15% holding through Ping).

i am able to buy iris on margin.....not sure why all this scare stories..any idea to cut govt expense would be to bring in more technology ... open tender makes sense rather than croynism. We then get a level playing field unlike now with datasonic, Myeg and the like..

management’s statement ; is exactly as said in this blog. yes it can export but will be subject to FDA inspection which holds up clearance etc. until matter is lifted. risky... wont recommend this stock due to weak governance issues

this is tricky..bought into it at 1.06 and just had to cut cut loss. if true about FDA..god help them

Brisk you are spot on..Malaysia's risk free rate is about 4% (10 yr bond).

David had the guts to put his analysis online and I am pretty sure it took him time to gather the info. I know as I do it too. So please build on it rather than criticising it. Look at his assumptions and challenge them if you need to.

backwardation in oil prices ...cant see Hibiscus at current levels unless something untoward I am unaware of

hey guys cool it..

Thanks miker

JP Morgan write up..regurgitating history ..standards obviously have fallen

That seems to be the strategy

Well we have to start somewhere

wrt TaiKT's remarks which are so apt these market moves are fixes just as in Hibiscus that needs to fix its warrant exercise price and therefore limits its rise. Dnex drove down for some huge share buy and now that has happened its time to move it up ..nothing has changed over the last two months but price of oil incrementally higher. Market fixes and manipulations ...

Expect price to move up with well coordinated press reports.

Howcome with the impending news it did not budge..Any good news of this sort would have seen the stock soaring in advance ..Hopefully for my own sake I am wrong as I do have Hibiscus in my portfolio

meant to say market av price for off market trade at .405 parent and.175 warrant

.405 and .175 market av. price. I really am not sure for shorter term but a fair bet in the longer term

Suspect more of this in the next few days

prices seem have been suppressed for market exchange..typical

"OGPC reported average annual net profit of RM20mil in 2012-2015. DNeX was the only local service provider awarded a 3-year drilling and services contract by Petronas Carigali in 2Q16."

Doubt this unit is profitable although touted as a great buy at lower oil prices!

Anasuria has been good but Local O&G buy has been a let down...overpaid for rubbish.

could just be overall market weakness...

buy rate only 4%!

incessant selling

are insiders aware of results..

Looked at latest Annual report it seems that is what it is about 10 million for staff cost. Jan 2016 to May 2017 about RM 10 mil , Jan 2015 to Dec 2015 about 8 mil. So that seems to be about it.

21 mil part of total predicted placement which is about 64 million

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=82815&name=EA_GA_ATTACHMENTS

Am I reading it right?

21mil from total private placement funds to be utilised over 2 years .....just for salaries. ..?. ?...?

check out Raffles Edu Singapore ..similar story just my take

share placement exercise

Ohhhhhhhhh yeahhhhhhhhh...me too

market makers are in the stock..all over the place in days

lol strategisst ..it gives a needed break to anxiety driven market

looking good

Calvin must be congratulated. For ethical reasons he should have made full disclosure of the transactions, failing which the accusation of unfairly attempting to profit by stock promotion is fair one.

Obvious promotion! A cunning man up to no good despite his generosity to Malaysians in the education sector.

good one strategist

Well done Chang206...you have done your work well

quite true w6999.. agreed

there are also insiders that have advance knowledge like when it crashed a few years ago with insiders selling out first before even the drilling result were out.That is the risk with this mob...many were taken down badly

hibicus has had a chequered past

expected for certain correction with the way it rose exponentially, but there is strong interest in this stock at 64 sen. There must be more good news on IT side

cksam ..wise words