Posted by Jasonn > 2021-06-09 08:28 | Report Abuse

If you think that the deal is too good to believe as how come can enjoy the benefit from these asset eventhough the deal yet to be completely closed. Look at their previous deal on anasuria and North sabah, they also practice the same.

Posted by Jasonn > 2021-06-09 08:34 | Report Abuse

All these info can be found from the announcement report from hibuscuss for this deal. I spent alot of time to study each and after much consideration, I increase my hibiscuss portfolio from 10 to 25%. I not expect the share price limit up or increase alot due to the coming pp concern.

Posted by Jasonn > 2021-06-09 08:37 | Report Abuse

If you look back the previous case when they anoounce the acquisition of North sabah. Its also not limit up but gradually take about 6 month to increare to rm 1. During that period, there's some downtrend to shake out the weak holder.

Posted by wallstreetrookie > 2021-06-09 08:41 | Report Abuse

Ovintiv OVV +111.45% YTD EOG resources EOG +75% YTD

Posted by wallstreetrookie > 2021-06-09 08:43 | Report Abuse

Hibiscus is about to explode. Hydrocarbon exploration companies set to perform as option traders bid prices up to 100$+ in anticipation

Posted by Jasonn > 2021-06-09 08:44 | Report Abuse

Ops.. someone message me don't disclose too much as he still not buy enough. Actually no need to worried much, I don't think it will suddenly up alot and may even drop abit. However, for long term, i believe it will gradually up to rm 1 as long as oil price maintain usd60 ++

Posted by Bgt 9963 > 2021-06-09 08:47 |

Post removed.Why?

Posted by wallstreetrookie > 2021-06-09 08:48 | Report Abuse

If you know Ovintiv, you will buy Hibiscus. Malaysia > Canada in terms of oil exploration

Posted by wallstreetrookie > 2021-06-09 08:48 | Report Abuse

Price target: RM1.2

Posted by wallstreetrookie > 2021-06-09 08:51 | Report Abuse

Possible all time high too

Posted by vinc3362 > 2021-06-09 08:54 | Report Abuse

Jasonn So let's assume they raise 1 more tranche with size same as previous pp, the total shares be diluted about 53% from 1500m+ unit shares to 2300m unit shares. However, the net profit from this deal will be100%.
09/06/2021 8:14 AM

Thanks for info. Just to add, for any new RCPS issued, the new conversion price will not be the same as previous batch of RM0.48 per share. It will be based on the average mkt price at point of new RCPS issuance plus a premium for the share conversion option.

Posted by wallstreetrookie > 2021-06-09 08:57 | Report Abuse

I don't think the acquisition has huge material impact. What matters is the sector trend.

Posted by wallstreetrookie > 2021-06-09 08:58 | Report Abuse

Apart from doubling oil output and 2p reserve

Posted by sheep > 2021-06-09 08:59 | Report Abuse

sell, sell, sell, sell, sell, sell, .... wakakakakaka

Posted by kakiminyak > 2021-06-09 09:01 | Report Abuse

Hats off to you Jasonn. Nice to have you on board sharing your analysis.

Posted by sheep > 2021-06-09 09:08 | Report Abuse

last call, sell, sell, sell, sell, sell...contra players big volumes...wakakakaka

Posted by micsoh > 2021-06-09 09:12 | Report Abuse

Is anyone know why two analysis give two difference crps conversion price, one is 60sen and the other is 70sen, which one correct?

Posted by micsoh > 2021-06-09 09:17 | Report Abuse

Many thoughts net profit will be 100percent, but all the while, the analysis never use net profit, they use EBT. net profit won't be 100 percent because of high depreciation and debt.

Posted by micsoh > 2021-06-09 09:19 | Report Abuse

I read to the newspaper report, they predict 50percent plus minus.

Posted by Titan > 2021-06-09 09:29 | Report Abuse

Most important is cash flow and actual money in bank. Remember those days where AA cash flow is freaking high due to advance ticket sold. They grow xtremely huge n gv a big fat bonus. Deprecation is just a number in the book

Posted by Petronas > 2021-06-09 09:40 | Report Abuse

Buy this.

Posted by wallstreetrookie > 2021-06-09 09:40 | Report Abuse

@pang72 lol better than you. Telling people to buy stocks at the top

Posted by wallstreetrookie > 2021-06-09 09:41 | Report Abuse

UCRest how? You made a lot of people go bankrupt

Posted by wallstreetrookie > 2021-06-09 09:45 | Report Abuse

Lol you misled a lot of people in MMAG

Posted by wallstreetrookie > 2021-06-09 09:46 | Report Abuse

Anyways pang72 Hibiscus just buy. This one is not penny stock or garbage company. Whats your target price?

Posted by wallstreetrookie > 2021-06-09 09:47 | Report Abuse

The more the merrier, don't fight. Be friends

Posted by wallstreetrookie > 2021-06-09 09:52 | Report Abuse

yep Hibiscus is a solid oil exploration company with strong reserves. Easiest hold. Better than Dayang and refining companies

Posted by wallstreetrookie > 2021-06-09 09:52 | Report Abuse

TP 1.2

Posted by newbie8080 > 2021-06-09 09:56 | Report Abuse

Over the last 4 years, the company had been on a acquiring spree for new assets, many private placements but the share price consistently around rm1 and below.

Posted by hendrycheah > 2021-06-09 10:01 | Report Abuse

but the ATM machines purchase will be complete at end year... those economic benefit can be really factor in by 2022

Posted by newbie8080 > 2021-06-09 10:04 | Report Abuse

Back then, Hibiscus has this mission statement. I guess it didn't achieve.

Mission (2017 – 2021)
We have disclosed our business objectives for the period 2017 to 2021. These business goals are
repeated herewith:
• 100 mmbbls net proven and probable oil reserves/entitlement in existing core asset areas;
and,
• 20,000 bbls/day net production.

Posted by morganlee > 2021-06-09 10:06 | Report Abuse

is O&G entering its sectoral bull run soon?

Posted by Jasonn > 2021-06-09 10:16 | Report Abuse

Atm machine purchase completed in end 2021 but economic benefit factor in on 2021. Dependa how much profit/ cash in these asset on 2021, there will be a dividen to be pay to repsol. However, these benefit pay to repsol on 2021 will then be calculated and deduct from the purchase price.

Posted by Jasonn > 2021-06-09 10:22 | Report Abuse

For hibiscus, the oil sold on 2019 is in between usd58 - usd73. Net profit on 2019 is around 180m after tax, interest, depreciation etc. Refer q1 results of these repsol asset, net profit is ald around 50m+. This is the reason why i said net profit will increase 100%.

Posted by Jasonn > 2021-06-09 10:29 | Report Abuse

EBIDA 550m is before interest, tax and asset depreciation etc. However the depreciation is actually none cash deduction, thus the actual cash flow after tax shall be able to stand over 300m. These are just the cash flow from these repsol asset. If include existing business cash flow, it will easily over 600m.

Posted by Jasonn > 2021-06-09 10:34 | Report Abuse

Pls note the capex also quite high. There will need alot capex for the development oil fields in anasuria ( license no p2518 & p2366) which target 1st oil on early 2023. These cash flow from existing business + repsol will sufficient to fund that project.

Posted by Jasonn > 2021-06-09 10:36 | Report Abuse

Once completed, these new development oil fields = existing atm machine in anasuria.

Posted by Jasonn > 2021-06-09 10:38 | Report Abuse

They also have another major development oil fields project in UK ( marigold and sunflower) which target 1st oil on end 2013. The cash flow from the new development oil fields as above mentioned will then be used to support the project ( marigold).

Posted by Jasonn > 2021-06-09 10:41 | Report Abuse

Daily production out put will be much increase. This is what we can forsee that how hibiscuss grow bigger and sustain their business. If oil price drop in later years, the much increase output will greatly help to mitigate the difference.

Posted by Jasonn > 2021-06-09 10:43 | Report Abuse

If oil price continue maintain over usd 60 for coming years, then hibiscuss can enjoy the profit with high oil price + high production output

Posted by Miz Raya Bloom > 2021-06-09 10:44 | Report Abuse

target investors fund managers, kalau retail investors nak join pon bole

Posted by Jasonn > 2021-06-09 10:45 | Report Abuse

Many worried about the EV and thus oil price drop alot. However, it will take years to come, at least after 2030.

Posted by Jasonn > 2021-06-09 10:51 | Report Abuse

Pls note although the benefit of these new asset be factor in on 2021, however it won't be reflect in coming qr. They will need to pay the balance during spa completion. The benefit on 2021 will then be deducted from the balance during spa completion.

Posted by Jasonn > 2021-06-09 10:53 | Report Abuse

As mentioned this morning, hibiscuss will also need to pay they 3% interest for the remaining balance until spa completion.

Posted by bullmarket1628 > 2021-06-09 10:58 |

Post removed.Why?

Posted by Jasonn > 2021-06-09 10:59 | Report Abuse

Pls note I am not hard sell this stock. Just sharing the information from the announcements of hibiscus. As mentioned this morning, don't expect it will limit up soon due to the PP concern.

Posted by Jasonn > 2021-06-09 11:09 | Report Abuse

We all don't like PP due to dilution shares. However, we need to known where is the money raised from pp used for. For this deal, 50% increase in shares unit to gain 100% net profit is a good deal from my perspective. I actually hope that they can successful get more tranche of CRPS to buy more producing oilfields, just like the repsol deal.

Posted by harmie > 2021-06-09 11:12 | Report Abuse

Thanks Jasonn for the detailed information.

Posted by Godofgambler > 2021-06-09 11:13 | Report Abuse

Oil price going up unstoppable

Posted by kahhoeng > 2021-06-09 11:22 | Report Abuse

jason, the big issue with hibiscus is the issued new shares are at a much lower price, and as a minority shareholder, I am pissed off. It's worse if those issued new shares were not for the long term investors, but short term player seeking to take profit when they see one, which seems to be current situation.