Posted by jimmylim11 > 3 weeks ago | Report Abuse

Important update:

Short covering has started. Yesterday 887k lots was covered. Net Shorts now is 14,496k lots.

Posted by STFUrr88 > 3 weeks ago | Report Abuse

But today, as usual there's heavy dumping again in the morning. SBB has to be more aggressive to counter this pressing. Totally agree with you that there's no fund house or big investor circling this counter.

Posted by jimmylim11 > 3 weeks ago | Report Abuse

Heavy selling today despite no short sellers today. Even with RM2million SBBs today, the price still fell 4 cents.

Sometimes I wonder if Management should revise their dividend policy. They are effectively paying about 13% of net profit but have used up RM80-90 million for SBBs alone. If they announce say 20% dividend payout policy, this is definitely feasible, but I suppose, they prefer to buy out all the sellers approach

Posted by STFUrr88 > 3 weeks ago | Report Abuse

Short term pain for long term gain. There's just too much sellers who wouldn't want to hold on to the stock. We will be the one willing to take over these holdings. Rest assured a year from now we can reap the harvest provided 20 per cent of shares are wiped out from free market

Posted by learner9 > 3 weeks ago | Report Abuse

Today dropped again 🫠

Posted by STFUrr88 > 3 weeks ago | Report Abuse

Today's SBB isn't heavy enough to defend the share price. Jimmy do update us the short position as usual. Tq

Posted by jimmylim11 > 3 weeks ago | Report Abuse

There were no shorts on 12/12. Net shorts remain the same as 14,496k. Tomorrow we will be able to see if that figure changes to reflect any shorts covering.

With 700k SBB, but volume about 3mil, there are still a lot of sellers selling at a loss. At this price anything that was bought since 2022 is a loss, so the sellers must be selling at a loss.

I topped up another 5k lots at RM2.01. Just hope to get dividends on January 2025, and add on again.

Posted by STFUrr88 > 3 weeks ago | Report Abuse

No call warrant expiring this month. Hopefully the SBB can mitigate the short selling problem by January as another round of call warrant will expire then. We have to thank those who dump for us to collect.

Posted by Alextan916 > 3 weeks ago | Report Abuse

May I know where can see the net short seller volume?

Posted by wattsy > 3 weeks ago | Report Abuse

https://oilprice.com/Energy/Natural-Gas/Gas-Prices-Set-for-a-Breakout-in-2025.html

Posted by wattsy > 3 weeks ago | Report Abuse

Note gas prices are creeping up again and should continue to do so into the new year. Analysts and those dumping completely miss this point. Hibiscus is cash rich and will keep buying shares and will also make great money, especially after Q1 when the full capacity of the gas asset which is Brunei is realised into the financials. Adding to my position also, even though I'm down overall

Posted by jimmylim11 > 3 weeks ago | Report Abuse

Alextan it can be seen usually the next morning on bursa malaysia website. Go to market statistics - securities. Then find the net short sellers box.

Posted by STFUrr88 > 3 weeks ago | Report Abuse

Perhaps we need to ask these ppl why they hate hibiscus so much. Please don't channel Ur hatred here. Plus according to the latest development on marigold and sunflower field, it is expected to produce 40k bbd at its peak. hibiscus is basically safeguarded with plenty of untapped resources. It might not be a dream to see a production of 100k bbd of oil and oil equivalent.

Posted by Sangranghaeyo > 3 weeks ago | Report Abuse

It has fallen through RM2. Time to grab some 😁

Posted by jimmylim11 > 2 weeks ago | Report Abuse

Shorts covering 282k lots yesterday

Net shorts now 14,222k lots

Posted by STFUrr88 > 2 weeks ago | Report Abuse

Allowing shorties to cover position at 1.99 is definitely not good for us.

Posted by jimmylim11 > 2 weeks ago | Report Abuse

Since now we are at lows of over 2 years time frame, all shorts will make money. We can’t stop them.

What we should hope instead is for more shorts covering. That should signal the bottom is found and the more they do that, more buyers will come back. There is still rm28 mil to cover. Hopefully this may push the price up by 10 cents if not more.

What I am fearful of and disgust is if C69 at rm2.15 by may and C71 at rm1.85 by July will be out of money!! Please, let these IB lose money on these 2 if not all call warrants.

Posted by STFUrr88 > 2 weeks ago | Report Abuse

Yes Jimmy. To issue warrant at these prices are totally a humiliating sign to the share price. We shouldn't let them win. To be frank if I could, I would have sacrifice all dividends in exchange of SBB. Just wipe out all these shares for the sake of future.

Posted by Alextan916 > 2 weeks ago | Report Abuse

Hope the crude oil shooting up to 80 again

Posted by STFUrr88 > 2 weeks ago | Report Abuse

Today's SBB is on the strong side. That's the only way to support the share price

Posted by jimmylim11 > 2 weeks ago | Report Abuse

My friends

https://ir2.chartnexus.com/hibiscuspetroleum/docs/press/2024%20Hibiscus%20Investor%20Presentation%20-%20Dec%20R1.pdf

Please take some time to understand the company a little better.

Hibiscus now is almost 50:50 Oil to Gas. Gas price is creeping higher.

Posted by STFUrr88 > 2 weeks ago | Report Abuse

There's almost negligible negatives apart from the shareholdings. Basically the current share price is low due to large holding by retailers (weak holding power), high free float shares in market. Well done management and thanks Jimmy for these slides. It's easier to read graphs n charts for better understanding

Posted by jimmylim11 > 2 weeks ago | Report Abuse

We all know yesterday SBB was 1000 lots. Shorts covering yesterday was 238 lots.

However, there were 22 lots new shorts.

Hope to see stronger shorts covering to provide us with a signal that bottom has been found

Posted by STFUrr88 > 2 weeks ago | Report Abuse

SBB didn't resume yesterday for unknown reason. A bit disappointed as currently volume is low and minimal SBB will provide a massive support

Posted by jimmylim11 > 2 weeks ago | Report Abuse

125k lots shorts today, bringing down the price to RM1.96

Posted by Sangranghaeyo > 2 weeks ago | Report Abuse

Shorties continue to short, we continue to buy. Hibiscus will shoot back to RM2 above once they cover back their short position

Posted by STFUrr88 > 2 weeks ago | Report Abuse

Yup. I buy for 2028. Not buying for tomorrow. A tortoise race for us to achieve our target. Slow but definitely

Posted by jimmylim11 > 1 week ago | Report Abuse

Happy to see big boss Michael back to collect more

Posted by STFUrr88 > 1 week ago | Report Abuse

The only bright point for yesterday. Today I've accumulated the largest single batch of stock in my life at 1.92. might not be the lowest for this share. But hopefully one of the lowest.

Posted by jimmylim11 > 1 week ago | Report Abuse

Congrats STFUrr88. I am also trying to accumulate more, bit by bit, whenever funds allowed.

Posted by STFUrr88 > 1 week ago | Report Abuse

Thank you Jimmy. The best news is SBB has resumed. Shorties are here to give us a big ticket to collect. SBB will always be out shield of support. Hopefully there is ample of time for us to collect before the next bombastic qr (fingers crossed 150 mil PAT)

Posted by learner9 > 1 week ago | Report Abuse

wonder when will they announce privatisation

Posted by STFUrr88 > 1 week ago | Report Abuse

Unlikely for years to come unless more than 30 per cent of floating shares are removed by SBB. There's too many retailers holding this stock and redeeming it from the market will take a long time

Posted by jimmylim11 > 1 week ago | Report Abuse

Privatisation will not take place soon.

According to the slides at Hibiscus Petroleum website, retailers hold about 3X% and Institutional (funds) about 50-60% management 10%. We will need the funds to pare down their holdings and Management to significantly take more control.

My wish for 2025 is to gradually climb back up. And do not wish to see C69 and C71 to be in favour of the IBs.

Meaning share price to be above Rm2.15 by end May and of course above Rm1.85 by end July. CIMB is the worst

Posted by STFUrr88 > 1 week ago | Report Abuse

Totally agree with Jimmy. Privatisation will be imminent when insiders hold more than 50% of shares. We just need some new fund house to counter the IBs selling prior to the expiry of warrant.

Posted by Gaussian > 1 week ago | Report Abuse

🚨🇸🇦 BREAKING: SAUDI ARABIA has decided to CUT OIL PRODUCTION, causing a SPIKE in global oil prices.

Posted by Six6thsense > 1 week ago | Report Abuse

Theoretically i should buy today. But practically i have no cash

Posted by NinjaInPyjamas > 6 days ago | Report Abuse

https://m.youtube.com/watch?v=XsRk9RThGt0
SBB is sort of like spending other ppls money. We need to see more buying from Michael and management.

Posted by STFUrr88 > 5 days ago | Report Abuse

There's only 2 ways of reducing shares from market drastically in the long run. SBB and collection by management. To have an instant effect, SBB is the only option. To have a lasting effect, SBB too, as the treasury shares can be cancelled. Management buying cannot be forced although I genuinely hope that they will do their part in supporting.

Posted by greed123 > 2 days ago | Report Abuse

It’s simple, the company should invest in Carbon Capture Technology instead of just saying it’s ESG compliant with some solar panels on the oil rigs!!!!. Barrel per barrel of carbon captured vs drilled will promise a bright future for this company and have IB’s interest at heart. Initial investment is high, but long run good for the environment …..
https://www.thestar.com.my/business/business-news/2025/01/01/carbon-capture-efforts-to-fuel-oil-and-gas-sector

Posted by rwilliams > 18 hours ago | Report Abuse

Invest in carbon capture, once you have the buyer. If you don't have the buyer, how to invest? This is where PM3 CAA block will be the hub that will separate the CO2 from PNKB block (and also BIGST block that own by JX Nippon). Hibiscus waiting for PM3CAA depleted and convert it to Carbon capture block, and will pump the CO2 from PNKB, and BIGST. Thus, monetize the gas from PNKB (will double Hibiscus reserve)and able to trading the carbon credit.

Posted by kl_guy > 9 hours ago | Report Abuse

brent hit usd 76 now

Posted by kahhoeng > 7 hours ago | Report Abuse

the last time brent hit 76 is oct 03, 2024 with USD to MYR at 4.20, Hibiscus was trading around 2.15. Today, with brent hitting 76 again, USD to MYR is around 4.45 with additional 10+ million shares bought back, and 36 million cancelled. Hibiscus at 2.03 now???

Posted by learner9 > 7 hours ago | Report Abuse

Well said kahhoeng, with the limited liquidity, its easier to manipulate 🫠

Posted by STFUrr88 > 6 hours ago | Report Abuse

Why not we say with the limited liquidity, SBB has the most effect in pushing up share price. The root of all problems is not liquidity but holdings. There's too little long term shareholders in this company.

Posted by kahhoeng > 6 hours ago | Report Abuse

share buyback is never the best way, higher dividend with each passing year is. Its better to encourage the BODs to consistently increase the dividend while limiting share buyback to when the oil market is better. Increasing dividend encourages long term investors.

Posted by STFUrr88 > 6 hours ago | Report Abuse

Hibiscus is indeed giving higher dividends than usual years. It's spending about 100 million on dividends which is higher than SBB. The best way is to encourage everyone to buy and to keep to see it's growth. I prefer special dividend rather than interim dividend. Company can always keep it's profit. When the time ripe, announce a massive special dividend to reward us.

Posted by jimmylim11 > 4 hours ago | Report Abuse

Agree with kahhoeng, practically higher dividends is the only way to draw in other investors. With 50-60 EPS why not raise the bar to paying out say 30%.

Dividend payouts is less than SBB
0.08 x 768mil is around 60mil

46mil SBB is around Rm92mil spent

Posted by Six6thsense > 3 hours ago | Report Abuse

Just wait until it shoot. The feeling accumulate not enough yet.

Posted by Sangranghaeyo > 2 hours ago | Report Abuse

Nice, it's going back up to RM2. See how long it will sustain at that level