Mini PETRONAS in the making. Now they got both huge Oil & Gas division. Step by step they can become young player in the industries. Good Job Hibiscus.
Kakijudi is like that lah. Ting Tong, sometime win sometime lose. But if can hold and not flip flop can win more than lose.
By the way i am happy to report excellent quarterly results at Pantech. Come and enjoy the show tomorrow. Hopefully both my horses can run fast and strong. My most beautiful horses named Pantech and Hibiscus.
By the way, hv any announcement on the Anasuria repairs? I wonder has the critical component fix and has the production resume 90%. Also, why does the Q4'21 Anasuaria tax is 11.1% but then Q1'22 is 34.7%? Any idea? End of special tax exemption?
Biden already said Russia sure invade ukraine. Little bit is o.k. If too much enter ukraine territory then big war may happen. Hopefully not lah. Big war everyone also lose something.
Brent crude futures rose above $88 per barrel on Monday after briefly dipping below $86 in the previous session, as rising geopolitical tensions stoked fears of supply disruptions, while OPEC+ continued to struggle to raise output. US president Joe Biden was reportedly considering deploying several thousand US troops to NATO allies in Eastern Europe and the Baltics. A senior UK minister also said that Russia will face severe economic sanctions if it installs a puppet regime in Ukraine.
Meanwhile, the International Energy Agency said last week that the OPEC+ missed its production targets by 790,000 bpd in December as members like West African producers Nigeria and Angola struggled to raise output.
now if break 90c also like no feel. Ppl expected it to do so a long time ago. In fact, if fail to break 90c ah....kau kau kena curse....lol.... I think now the expectation is to break RM1 and set it at 1.10.
HIBISCS - Trading Halt and Resumption of Trading HIBISCS - Trading Halt and Resumption of Trading ILC-25012022-00002 Kindly be advised that trading in HIBISCS? shares has been halted with effect from 9.00 a.m., Tuesday, 25 January 2022. Accordingly, trading in structured warrants relating to HIBISCS has also been halted at the same time. Trading in the above securities will resume with effect from 10.00 a.m., Tuesday, 25 January 2022. Your attention is drawn to the Company's announcements dated 25 January 2022. SVP, Issuers, Listing You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
The chart above is natural gas price. Repsol is 50% gas. Which is considered cleaner energy for the green activist. Good for my kids. But for me, my main interest actually in the price. As said by Petronas CEO lately, natural gas price has increased from average less than $3 to now $20 plus. Now, if my knowledge is correct, cost per barrel of oil around $20, at $80, that's 300% profit. Natural gas cost around $2 plus and $20 that's 800% profit at least. Palm oil cost around RM2k and at RM5k price already pecah lah. You learn maths right in school?
already add at 86.5 sen and 84 sen. no more money to add some more. i thought the announcement was interesting as Hibiscus paid less $73 M. i hope this was income from Repsol asset while waiting for completion of acquisition. if it is then the purchase is very attractive.
bought more also - with the earlier crps the acquisition is almost fully funded with no credit lines required so should be now hitting their bottom line.. at US$80+ a barrel with growing demand I'd wager they make RM500 million+ this year.. if not more.. so at 84c with market cap at 1.6 billion its a bargin.. if you aren't carrying any debt, have RM750 million in cash and receivables already, with more piling up every day what will you do with it all... whats more the repsol asset was an absolute bargin and just added RM1billion+ to their asset base...
rattynz The funny thing today is market did not even blink at this acquisition. It is as though just another day, with today's price of crude as the main determinant. All i can say is WOW !!! These are indeed unusual times. With Repsol assets adding 2/3 of updated Hibiscus , WOW !!! the market is really sleeping on this.
Yes, it is.. But I think as they pile on the value and we see their next quarter results and consolidation of reposol it will make impressive reading.. and spark more interest.. Don't mind living with 25% pa dividends either lol
With Putin playing with the supply valve to Europe, there is an expected shift to supply of gas from other players. I read that some where, see if I can find that article.
In another sign of Europe's energy vulnerability, the US government held talks recently with several international energy firms to discuss contingency plans for delivering gas to Europe if Russian supplies were disrupted, Reuters news agency reported on Saturday.
Citing two US officials and industry sources, Reuters said US State Department officials had approached the companies to ask where additional supplies might come from if needed.
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derrtan
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Posted by derrtan > 2022-01-20 18:22 | Report Abuse
What did i said earlier???? announcement will be this week or next week