Posted by zhangzuode > 2021-08-02 18:28 | Report Abuse

twynstar - Hibiscus will not issue CRPS......

Appreciate how you come to such a conclusion, thank you.

Posted by weisheng1998 > 2021-08-02 20:43 | Report Abuse

if KLSE down to 1300 then many share have promotion

Posted by twynstar > 2021-08-02 21:06 | Report Abuse

@zhangzuode

Please watch this informative youtube

$HIBISCS - Making Smart Moves in Turbulent Times

https://www.youtube.com/watch?v=CbNLG6HtjOY

fast forward to 2:24:10 , CFO and Dr Kenneth mentioned they wont launch third tranche of CRPS for Repsol acquisition

Posted by kahhoeng > 2021-08-02 21:39 | Report Abuse

twynstar, if I were not wrong, problem is earlier CRPS issuance already putting too much damage...

Posted by twynstar > 2021-08-03 12:44 | Report Abuse

As we know, Hibiscus is a special purpose acquisition company (SPAC), established on 2011 without any core assets. It is very difficult for this kind of company to borrow money from bank due to high fluctuation of Brent oil price and high bankruptcy rate of small oil and gas companies.

In order to acquire valuable assets, Hibiscus has no choice and has to get money from shareholders by issuing plenty of private placements and CRPS for past 10 years. This will cause massive dilution number of shares inevitably.

So, I think this is a very big turning point for Hibiscus if they able to buy Repsol assets without issuing any private placement or third tranche of CRPS

Posted by zhangzuode > 2021-08-03 15:14 | Report Abuse

twynstar - Thank you for the you-tube link. Indeed, should the oil price remain at current level to the end of the year, the free cash flow would be excellent. And the need for further CRPS would be low to nil.

Posted by twynstar > 2021-08-03 16:06 | Report Abuse

Let’s assume that there is no any private placement or third tranche of CRPS for Repsol acquisition.

1) After full conversion of 2nd tranche CRPS, total number shares of Hibiscus will be around 2,012 millions shares.

2)For FY 2019, the average net oil production rate was 8356 barrels per day, with North Sabah average realised oil price of USD73 per bbl, and Anasuria UK with average realised oil price of
USD 67 per bbl. This helped Hibiscus to generate revenue RM 988 millions, net operating cash flow RM 496 millions and net profit RM 230 millions. The margin of net profit was 23.28% ( 230 ÷ 988 x 100%)

3) For Repsol assets, Dr Kenneth did mention that the average operating costs (“OPEX”) per barrel is around USD15, which is almost same with opex of North Sabah and Anasuria. So it is safe to say that the margin of net profit of Repsol assets also around 23.28%

4) After Repsol acquisition, the total average net oil production rate will increase to 26800 barrels per day. For conservative calculation, if the average realised oil price around USD 60 per bbl for FY2022, Hibiscus will be able to generate revenue 26800 x 365days x USD 60 x RM 4.1 ( conversion rate) = RM 2,406 millions. If the margin of net profit is 23.28%, that means Hibiscus will make net profit of RM 560 millions

5) With total number shares of 2,012 millions and net profit of RM 560 millions, EPS of Hibiscus will be around 0.2783. With current stock price of RM 0.64, the PER will be 2.30. The average PER of KLCI and oil & gas industry is around 16 currently.

Posted by Cash999 > 2021-08-03 17:14 | Report Abuse

Past 2 days news: Saudi Arabia stock market record high. Top Oil companies huge dividen payout and massive shares buy back plan. Thanks to stable and high oil prices for past 6 months.

Posted by kahhoeng > 2021-08-03 21:59 | Report Abuse

Alas, hibiscus share price has not rallied according to crude oil price in the recent crude rallying to 70+. Past record suggests hibiscus should be valued above 0.90 when crude is above 70. So, there must be reasons behind this. All I can think of (1) current hibiscus asset is recently found not to worth so much (2) repsol deal is not favored by fund managers or pissed off fund managers in the fund raising process (3) future crude oil price will fall below 60, and soon. I believe market will recover even if covid-19 cases rise to new high cause most people won't be able to last another 6 months lock down. Personally, tend to believe (2) being the reason. Still holding on to my hibiscus, can only hope the repsol deal will bring good earning result going forward with meaningful dividend

Posted by jonathan_k > 2021-08-06 10:43 | Report Abuse

They clearly mention won’t have any placement for fund raising. Cannot wait for qr to come out

Posted by SuperPanda > 2021-08-07 07:21 | Report Abuse

still waiting rm3? keep it up waiting, you doing good
_____________
Miz Raya Bloom haik minyak dah 70 above pon x jalan
26/07/2021 10:28 AM

Posted by SuperPanda > 2021-08-07 07:27 | Report Abuse

but if you wake up from dream, you have to realize even oil hits 80, rm1 also difficult to get…

o&g counter is not a FA things anymore, its about the future, it still looks gloomy

Posted by Bgt 9963 > 2021-08-07 09:07 |

Post removed.Why?

Posted by jonathan_k > 2021-08-12 14:50 | Report Abuse

Oil at 70. Hibiscus keep making money

Posted by Bgt 9963 > 2021-08-12 16:53 |

Post removed.Why?

Posted by bullmarket1628 > 2021-08-15 15:15 | Report Abuse

Yes, backdoor PM will resign on Monday !
So, the new government will bring new
hope and new confident to all the local & foreign
investors enter into our market !

So, I think started from tommorrow, KLSE will have a big
uptrend toward 1,800 to 2,000 pts !

Hibiscus tommorrow will spike to above 0.70 and
T.p by end of Aug 2021=> break above 0.80
T.p by end of Dec 2021=> break above RM1.50
T.p by end of Mar 2022=> break above RM2.00
T.p by end of Jun 2022=> break above RM3.00

Posted by bullmarket1628 > 2021-08-15 15:46 | Report Abuse

首相宣布1】首阶复苏区 11经济活动明起复工
2021年08月15日

吉隆坡15日讯）周一（16日）开始，在第一阶段国家复苏计划区的11项经济活动获准重新开放营业！

首相丹斯里慕尤丁发文告指出，由于意识到经济领域迟迟不开放将影响私人界及员工生计，因此政府同意从 8 月 16 日（周一）开始，让11项经济活动重新复工。

获准复工的经济活动及领域计有:
1. 洗车店
2. 电器和电子商店
3. 存放家居用品和厨具
4. 家具店
5. 运动器材专卖店
6. 汽车配件店
7. 汽车配送销售中心
8. 仅限早市和农贸市场
9. 服装、时装和配饰店
10. 珠宝店
11. 理发店和美容中心/沙龙（基本理发服务只要）

不过，他指出，有关宣布仅落实在成人疫苗接种率达50%的州属，而想要享有这些方便的人也必须得完成两剂疫苗的注射。期间，他就以巴生谷为例指出， 该区18岁以上的接种率已经达到64.7%， 因此可以获准重启11项经济活动。

他表示，届时，民众得出示数字证书，证明自己已经完成接种2剂疫苗。

“我再次提醒，完全接种的意思是注射第二剂双剂型疫苗后的 14 天，而单剂疫苗则是 28 天后才算完成。”

他也说，进一步详细指南，他将会在近期宣布。


## https://www.enanyang.my/%E8%A6%81%E9%97%BB/%E3%80%90%E9%A6%96%E7%9B%B8%E5%AE%A3%E5%B8%831%E3%80%91%E9%A6%96%E9%98%B6%E5%A4%8D%E8%8B%8F%E5%8C%BA-11%E7%BB%8F%E6%B5%8E%E6%B4%BB%E5%8A%A8%E6%98%8E%E8%B5%B7%E5%A4%8D%E5%B7%A5

Posted by bullmarket1628 > 2021-08-15 15:52 | Report Abuse

Superb, almost all the economy is re-open for start business started from tommorrow, Monday, 16-8-2021 !
KLSE really will started booming tommorrow onwards !

Huat ah, Heng ah, Ong ah !

Posted by BursaTornado > 2021-08-15 16:51 | Report Abuse

Yeah, reopen to further spread the virus. Like opening a Pandora box for the next PM to make him headache.

Posted by BursaRangers > 2021-08-15 17:38 | Report Abuse

https://klse.i3investor.com/blogs/BursaRangersTechnicalPicks/2021-08-15-story-h1569766307-BursaRangers_Daily_Technical_Picks_16_August_2021.jsp

Posted by wallstreetrookie > 2021-08-16 16:53 | Report Abuse

Taliban sweeps Afghanistan after US withdrawal - Bloomberg 3.00am EST

Posted by DickyMe > 2021-08-17 12:20 |

Post removed.Why?

Posted by BursaRangers > 2021-08-17 21:55 | Report Abuse

https://klse.i3investor.com/blogs/BursaRangersTechnicalPicks/2021-08-17-story-h1569799878-BursaRangers_Daily_Technical_Picks_18_August_2021.jsp

Posted by Bgt 9963 > 2021-08-18 08:52 |

Post removed.Why?

Posted by jonathan_k > 2021-08-19 09:25 | Report Abuse

When is QR coming out?

Posted by jonathan_k > 2021-08-19 09:26 | Report Abuse

postive outlook?

Posted by jenq123 > 2021-08-19 18:25 | Report Abuse

negative outlook

Posted by bullmarket1628 > 2021-08-20 10:06 |

Post removed.Why?

Posted by bullmarket1628 > 2021-08-20 10:30 |

Post removed.Why?

Posted by dingdonghuat > 2021-08-22 14:21 | Report Abuse

the QR should be out anytime next week. if cannot jalan also, then i dunno wat to say

Posted by bullmarket1628 > 2021-08-24 09:52 |

Post removed.Why?

Posted by liykkle > 2021-08-24 19:19 | Report Abuse

Today surge is an early indication of positive QR announcing soon!

Posted by derrtan > 2021-08-24 21:00 | Report Abuse

May i know when the repsol oil will be recognized?

Posted by BursaRangers > 2021-08-24 23:01 | Report Abuse

https://klse.i3investor.com/blogs/BursaRangersTechnicalPicks/2021-08-24-story-h1570543811-BursaRangers_Daily_Technical_Picks_25_August_2021.jsp

Posted by liykkle > 2021-08-24 23:10 | Report Abuse

Based on the Repsol Acquisition Presentation Slides published on Hibiscus Petroleum website, the target completion of Repsol Acquisition asset will be Q4 2021.

Posted by bullmarket1628 > 2021-08-25 06:18 |

Post removed.Why?

Posted by bullmarket1628 > 2021-08-25 09:20 |

Post removed.Why?

Posted by kahhoeng > 2021-08-25 22:25 | Report Abuse

Sigh, only 0.705 or 0.785?

Posted by bullmarket1628 > 2021-08-26 06:00 |

Post removed.Why?

Posted by BursaRangers > 2021-08-26 08:59 | Report Abuse

https://klse.i3investor.com/blogs/BursaRangersTechnicalPicks/2021-08-25-story-h1570570563-BursaRangers_Daily_Technical_Picks_26_August_2021.jsp

Posted by kahhoeng > 2021-08-26 11:47 | Report Abuse

Best don't touch? Oil up but share price down again, sigh!

Posted by madguy > 2021-08-26 14:18 | Report Abuse

@kahhoeng klse lack of forigen investor and no momentum , since the new pm hv some FF into top 30

Posted by DickyMe > 2021-08-26 14:21 | Report Abuse

Foreign investors will not come.

Credibility and transparency issues.

Posted by derrtan > 2021-08-26 18:54 | Report Abuse

previously when this kinda of QR this share was traded at RM1++

Posted by diuleiloumei > 2021-08-26 18:55 | Report Abuse

PAT 49mil should worth more than current 0.65

Posted by derrtan > 2021-08-26 18:58 | Report Abuse

plus next financial year..3 times from current output. but sadly this counter...oil up USD20 never up...oil down USD0.50 everyone throw like hell

Posted by derrtan > 2021-08-26 21:32 | Report Abuse

"There have been positive developments in the Group over 4Q FY2021. Conditional agreements for a transformative acquisition were executed," group managing director Kenneth Gerard Pereira said.

"The Repsol asset acquisition is expected to almost triple the Group’s average net daily oil, gas and condensate production to 26,800 barrel of oil equivalent per day in 2022," he added.

Does this means Next quarter onward will see Repsol oil in the QR already?

Posted by lohloyfoo > 2021-08-26 22:15 | Report Abuse

Time to accumulate.

Posted by jonathan_k > 2021-08-26 22:29 | Report Abuse

next year repsol going to contribute more on EPS, collect

Posted by kokchengkai > 2021-08-26 22:55 | Report Abuse

Derrtan next year .. coz the deal with repsol not yet done ...full Payment not yet bank in to spain ppl