@kl_guy If Brent drop below USD75.00 hibicus will be making loss??? where the hell you get that info? Something wrong with your head or what?
Look at Hibiscus financial report, their average cost is only around USD18.01 per bbl. $70-$18 = $52 cant count kah?? Did you know Hibiscus is still making profit back in 2019 though brent is only around $60? Plus now they have triple their oil production from Repsol acquisition.
Still Hibiscus is not out of danger yet, the SST issues with Sabah is yet to be resolved plus the management of Hibiscus didnt announce any substantial dividend which disappoint lots of investors. 1cent dividend is a joke!!
If you look at other countries Oil and Gas companies such as Exxon, Chevron, Occidental, they announce huge buyback and dividend. So to answer your questions @BobAxelrod, you cant compared WB buying Occidental with Hibiscus (totally different analogy)
I make out that Warren Buffet is a very rich man lol. He got unlimited bullets to average down should the need arise. But for us small investors it is totally different story. So his method doesnt apply to us
Posted by paktua73 > 22 minutes ago | Report Abuse
VTrade@Guess who is nearer on 30 Aug closing Price? Participate: 1. Paktua set rm1.10 2. MM - rm1.22 3- bclassinvest rm1.10 4- anthonytkh rm1.15(by 24Aug) 5- stingray rm1.10 6- Windy1974 rm1.70 7- icecool rm0.80 8- maxprofit2020 rm0.675 9- John Rambo rm1.00 10- Value_seeker-rm1 end July,rm1.80 30 August 11- sdr rm1.12 12- Plato99 69cent 13- Raymond tiru rm1.08 14- harold8990 rm1.10 by 20th August 15- Bobby 1.60 end August 22 16- Witan 1.50 end of 2022 17- 18- 19- 20-
@rr88 this guys keep badmouthing hibiscus day in day out. lol if u dont believe in the stock why bother posting here. I see you keep promoting Hengyuan. Lol kinda ironic is it?
Hibiscus is to keep long term till at least next quarter. Yes I do believe hibiscus will stay at around 0.90cents range without their Repsol acquisition. But with Repsol, their daily oil and gas production will be tripled easily
Hibiscus Petroleum (HIBI MK) Maintain BUY and MYR1.90 TP
Whilst 3Q22 results were skewed by off-takes timing differences, Hibiscus is on track to meet our FY estimate, with Repsol being a prominent feature in 4Q22. Our TP is unchanged, pegged to a USD10/boe of EV/2P reserves valuation; undemanding relative to peers’ USD18/boe
Expect a sterling 4Q22 performance Whilst we lowered FY22’s earnings by 5%, adjusting for the North Sabah impact in 3Q22, we expect Hibiscus to report a strong 4Q22; a 5-fold QoQ increase in earnings. Our FY23-24 estimates are unchanged. Overall, Hibiscus remains the best play for a cyclical, rising energy price market. It is fundamentally sound, financially resilient and offers compelling growth (3-year NP CAGR of 80%) with undemanding valuations.
Bought at 0.075 still holding. It is quite easy to earn money from Bursa, where people shout SELL, CUTLOST, RUN in the forum there is when you should buy. When people say BUY, HUAT AH, LIMIT UP AH you should sell accordingly lol