Be aware of monsoon raining seasons in November and December 2021… the rain volume is no joke ever since the changing of climate lately… oil production downtime is expected…
Hibbiscus is a big potential in Malaysia. We seldom find big gem in Bursa. Success story like Topglove Hartalega Myeg Inari are far in between. This is going to be big- the next Airasia as it has huge exposure in a few countries. Invest long term to reap the return.
So the acquisition of Repsol's assets does not play a part at all in the valuation. It is a worthless / pointless acquisition, the highly likely increase of production by 3 times has no value at all...
Yap....no hope already that way yesterday price consider ok then i am sell all on hand ticket....today sure will continue dropping again until lower level.
no hope? Lets do maths the kindergarten way. There will be no more icps for the Repsol acquisition. Hence the NOSH should remain the same or not too much off. There will be some borrowing and therefore definitely incur interest payment. Base on the last QR where they are selling Oil at 70+, they still make about 2c. I don't expect oil to stay around 80+ forever but I'm positive it will range between 70-75 like the previous quarter. With the completion of repsol, it will raise the output by 3x. Can i say the Q eps is about 6c? Let's be more conservative and assume 4c. So annual eps = 16c? PE 5? Of course, this is kindergarten calculation la.
All I want to say is I believed in Hibiscus management (wink wink, if Hibiscus management reading this, u dun fail me oh). I invest because i dun have expertise doing business ma. So i hired them to run my business loh. Dun forget oh, next year ada chance some profit only pay 24% tax instead of 38%. The only Q is how much hibiscus can milk from this high oil price and pay off repsol aquisition. if the previous IRR is 3 yrs and now can do it in 1.5 yrs, that is consider a good results by itself.
well KingKong_Doll, it appears that whatever calculation, it is a useless endavour. Fundamental does not play any part at all. It is all hype now. Currently, it is not sexy. Later, may become a bit sexy or not at all. Sad really.
Winner, there has never been any big chip holder la. U read the AR, see the QR presentation and also thier IR presentation, they always says that this company is own by minority. I know u sold, good for u but u dun la go create a statement to panic the market. Want to make money also not like tat 1 ma....
Kingkong sorry about my statement and here cant attach picture or document. Just want to let other know becareful about continue day by day. Actually this time i am also lost a lot money.
Sorry to hear that you lost money. I bought in many occasion. My average is about 0.725c..... But i'm holding long term. Once a while comes here to gossip abit....lol....
KingKong_Doll, no, not cashing out. I am going to sink or swim with the Repsol deal. I just do not believe, the fundamental will lose to chart..., 3X production gain!!!! Even should oil price drop back to 70s, there is still the increase of 3X production!!!!
The constant buying and selling for chartist, I wonder whether they have consider the incidental costs (commission, stamp duties).
On Friday last, Hibiscus signed an agreement with FIPC (Repsol's subsidiary that hold the assets being acquire) to assist in the transition to Hibiscus (ensure continuous smooth operation). NOW, Hibiscus would not sign such a deal if the completion of the acquisition is not near.
Hi Xiaoeh, my long term is as long there is growth in the company, then I will continue to hold. And provided the company has good management. So I generally bought shares such as Tguan, Scope, Mtag, Techbond, and gloves. Some of my holding only. Dun dare to share more later u all go holland....lol......
My rationale is below for my purchase. Again, i use kindergarten mathematics to calculate the company prospect.
1. Tguan - The boss said want to increase revenue from 500M to 1B. He did it. Now target from 1B to 2B by 2027. So i con't to hold and buying some when it corrected. 2. Scope - Expanding Parit buntar plant to double the current size. 3. Techbond - New polymerization plant expansion in Vietnam. Now starting operation. 4 Hibiscus - This 1 the growth no need say la + prudent management.
Of course the stategy also got failure la. Mtag- Boss raise money says want to buy land to build plant. Until now land also no buy. Put in deposit and than cancel. 2 yrs a'dy. Still keeping and if next 12 months no news on new plant, i let go. GLoves - this 1 no need says la. Plenty of expansion and over expansion. Now over supply till asp drop.
According to Corporate and Business Update dated 10 November 2021,page 12, Hibiscus mentioned that:
..... we expect to deliver approximately 2.5-2.7 million bbl of oil for FY2022 from North Sabah and Anasuria. In the event the Proposed Acquisition is completed by the end of CY2021, we expect to add an additional 3 million boe of oil and gas to the above estimate.
I am agree kinkong doll trading method. But real market is control by big chip, this big chip didnt see on foundation of company. like this company 1st round yap i get 5 figure money and later look back foundation of company seem like have opportunity then invest again but real market is control by big chip day by day dropping cause my lost 4 figure money than look back chart to do analysis found this downtrend down and no more big chip inside. therefore i am decide to sell out and let lost 4 figure money. If I am keep hold sure will lost 5 figure money.
today only RM0.825......that way i told everyone alert on this counter. Normally last step big chip will destroy at the ending. That is big chip habit and normal see on other counter.
Thanks winner for the sharing. Well, i believed it will shine 1 day when it can consistently deliver 4c eps quarterly. I hope it is not too far away. In meantime, I will sit on it and do nothing loh.
Just a worry about big waterfall coming, recently like ATAIMS and some counter come with big waterfall like what i mention above before that way I am worry it, even heart painof lost my money also no choose.
Good sharing. I was wondering any O&G expert here? The only thing i'm not so clear (actually i not clear on many things also) is that when they mentioned that the amount of oil and gas is a barrel of oil equivalent (boe), does that mean it is in terms of the qty or pricing. What i'm trying to ask is for example 6000ft3 of gas when compressed will be equivalent to 1 barrel of oil. Is the selling price the same as a barrel of oil?
I am not an expert, but my belief is they are referring to quantity as the numbers are about reserves in the ground. Therefore it does not seem to refer to price.
Constructive sharing is always welcome. I actually hold quite a substantial hibiscus in my portfolio. So now I'm thinking should i add more if it goes down. I sux at trading. I'm not sure will O&G be similar to what happen to palm oil industry back then. Due to low pricing, the company cuts down on fertilizer and replanting. This created the perfect storm and contributed to the high CPO price. So will under-investment in O&G lead to this?
these few days is good time to buy. next month end will announce completion of repsol acquisition as well as ex date for dividend. keep it for 1 month plus
Gumball09,. Why you buy share? Get profit right.....
When to sell? Base on chart analysis, and oil market emotional. Remember how good fundamental company right now in market hard to trace people....all base on chart to playing now.
When to buy? Base on big chip involve + chart observation to find good entering points. Dont worry buy a bit higher price is important is that is starting point that everything is ok.
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Posted by apple168 > 2021-11-15 11:01 | Report Abuse
Spot on the trend… took profits just at the right timing…