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

Posted by vcheekeong > 2017-01-09 20:31 | Report Abuse

Now is 47 cents.No more legs already ?

Posted by stockmanmy > 2017-01-09 21:00 | Report Abuse

This is con man stock.....

not to worry....still got legs.

but no one will alert you when time to run.

Posted by stockmanmy > 2017-01-09 21:05 | Report Abuse

very surprised Public Bank released that.

Posted by upandownup > 2017-01-10 23:59 | Report Abuse

Surprised? The oil is real, why do you say it's a con man stock?

https://www.petrofac.com/en-gb/media/news/petrofac-evolves-its-duty-holder-model-in-support-of-new-north-sea-investment/

This is a producing oil company bro. Who conned you?

Posted by stockmanmy > 2017-01-11 00:05 | Report Abuse

what big boys throw away, Hibiscus takes as gold.
I don't believe this kind of business model.

Posted by stockmanmy > 2017-01-11 00:06 | Report Abuse

Their cost will kill them already.

Posted by John Lu > 2017-01-11 02:14 | Report Abuse

TP 1.15?? NO!! Is 2.50 in 2 years

Posted by upandownup > 2017-01-11 23:35 | Report Abuse

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.

Posted by calvintaneng > 2017-01-11 23:39 | Report Abuse

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!!

Posted by calvintaneng > 2017-01-11 23:59 | Report Abuse

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!!

Posted by calvintaneng > 2017-01-12 00:00 | Report Abuse

Don't believe? Still not convinced?

Let us investigate further then

Now let's scroll down to CASH FLOW ACCOUNTS



Net cash generated from financing activities.............................................................................Rm16.420,000

Net decrease in cash and cash equivalents..................................................................................(12,303,000)

Effects of foreign exchange rate changes........................................................................................... 671,000

Cash and cash equivalents at beginning of the financial quarter ...................................................28,746 ,000

Cash and cash equivalents at end of the financial quarter............................................................. 17,114,000

Can you SEE that there IS AN ACTUAL DECREASE IN CASH OF (12,303,000) + gain from foreign exchange of Rm671K

So the NET LOSS OF CASH IS RM11,632,000?

RM11.6 MILLION CASH WIPED OFF THIS QUARTER!

And where did extra monies come from. From endless private placements that kept diluting value like another conman KNM?

Posted by John Lu > 2017-01-12 00:00 | Report Abuse

Posted by John Lu > Jan 11, 2017 11:57 PM | Report Abuse X

Calvin 1.9%
John Lu 11.7%

Result speak everything...haha

Posted by calvintaneng > 2017-01-12 00:25 | Report Abuse

Posted by 8wpwtmt8 > Jan 12, 2017 12:20 AM | Report Abuse

Foolish Calvin Tan, if Hibiscus is so bad, how can it goes up 20 sen from RM0.30 to RM0.50.

Calvin replies:

Ifca gone up from 7 cts to Rm1.87

Then went TRIPLE LIMIT DOWN!!

It crashed to below 30 cts!!

Better wake up!!

Posted by John Lu > 2017-01-12 00:26 | Report Abuse

Posted by John Lu > Jan 12, 2017 12:25 AM | Report Abuse X

Those who follow calvin call to sell at 30.5c already loss 20c or 65% in 4 weeks

Imagine if u have 100 lots hibiscus at 30.5 c

30.5 x 100 lots = 30.5k

And u sell to buy DRB at 1.24 (follow calvin call)

You hv 24.5 lots DRB × 1.17 = 28.7k now

If u follow my call to keep hibiscus, your 100 lots = 50c x 100 = 50k now

With same capital of 30k

U follow john Lu now u have 50k
U follow Calvin now you have 28.7k

Who is the loser?? Calvin holland kin

Posted by calvintaneng > 2017-01-12 01:25 | Report Abuse

http://klse.i3investor.com/servlets/forum/600113616.jsp

Posted by John Lu > 2017-01-12 01:27 | Report Abuse

Posted by John Lu > Jan 12, 2017 12:42 AM | Report Abuse X

breaking news from Iskandar Johor Buddy

Posted by John Lu > Jan 12, 2017 12:25 AM | Report Abuse X

Those who follow calvin call to sell hibiscus at 30.5c already loss 20c or 65% in 4 weeks

Imagine if u have 100 lots hibiscus at 30.5 c

30.5 x 100 lots = 30.5k

And u sell to buy DRB at 1.24 (follow calvin call)

You hv 24.5 lots DRB × 1.17 = 28.7k now

If u follow my call to keep hibiscus, your 100 lots = 50c x 100 = 50k now

With same capital of 30k

U follow john Lu now u have 50k
U follow Calvin now you have 28.7k

Who is the loser?? Calvin holland king

Posted by calvintaneng > 2017-01-12 01:27 | Report Abuse

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?

Posted by John Lu > 2017-01-12 01:30 | Report Abuse

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