stockmanmy, big boys throw away because their cost of running small fields like anasuria and north sabah is too high. example: they use very expensive systems i.e sap for small or big operations and that is why it is not economical anymore for them - post $100 per barrel. hibiscus are small outfit and thus they run things lean and mean, bringing cost really low per barrel and even @ $50 per barrel they can still make a handsome profit.
it is like having a bently with 3993cc engine (because this is what they use everywhere in the world) going to the market to buy 1 pint of milk while using a honda city which fits the job and can do the same or even better.
this company thrive in this environment, with high US$ which oil is sold using, it is a win-win situation. this is a good research paper and definitely not a con man stock.
John Lu I buy hibuscus like no tomorrow at 30.5 - 35 when u ask sell at 30.5...who is the idiot?? Haha
See my 2017 stock pick 11.7%...Calvin, you are no body to compare with me!! 11/01/2017 20:30
Haha!
Calvin has seen too many hot headed highminded people like nancytang and chrischan in ifca last time when ifca ballooned to rm1.87 and then crashed limit down 3 times below 50 cts later!
So this John Lu riding on a other balloon conman stock with fictitious earning will meet the same fate.
Just wait and see next quarter result for hibiscus.
Hmm?
Should I go and warn the fools in hibuscus again?
LISTEN LISTEN LISTEN!
Hibiscus earnings will collapse when next quarter result is out!
All who play here are in the game of greater fools.
See who will be the last sorchai who follow John Lu @ koonbee or con bilis into a trap!!
Let's take a look at Hibiscus latest Quarterly Result:
Ha! It shows a 5.91 cents earning this quarter.
True or not?
Let's dig further.
It showed a Rm54.7 million in revenue.
But a profit of Rm80.2 million?
How come?
Revenue is only Rm54.7 million & can get a profit of Rm80.2 million? Looks fishy indeed!
Rm72.8 million is under "Taxation" refund or rebate or what? This is not from operating profit but accounting trick. A real con job stating this as "profit".
So Rm80.2 million - Rm72.8 million = Rm 7.4 million "profit"
Look again!
Ha! there is another Rm17.5 million from foreign currency gain!
So Rm7.4 million - Rm17.5 million = - Rm10.1 million loss this quarter from actual company operation!!
OH BOY! ANOTHER BIG CON JOB HERE!!
So stripping off "illusory taxation gain" & foreign exchange gain which are one off the actual loss this quarter is Rm10.1 Million!
SURPRISE! THERE IS AN OPERATING LOSS OF 0.74 CENT THIS QUARTER FOR CONMAN HIBISCUS!!
Calvin has seen too many hot headed highminded people like nancytang and chrischan in ifca last time when ifca ballooned to rm1.87 and then crashed limit down 3 times below 50 cts later!
So this John Lu riding on a other balloon conman stock with fictitious earning will meet the same fate.
Just wait and see next quarter result for hibiscus.
Calvin 12 months ago ask sell comcorp but comcorp still above 80c today...how?? Low life Calvin no credibility at all...now ask sell hibiscus?? Go hell
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Posted by chongmeng > 2017-01-09 11:16 | Report Abuse
MIDF value Hibiscus at RM0.40 per share based on the value
http://www.bursamarketplace.com/index.php?ch=26&pg=93&ac=29080&bb=research_article_pdf