Kingkong I don't simply mention $3.00 for fun, it is based on numbers. Let me show you then u tell me what u think. Last 2 quarters Hibiscus quarterly profit average is 2.28 sen. So times 4 = 9 sen for one year. Repsol paid dividend for 2021 earnings at RM$300M. So this is 15 sen per share. Now we add 15 sen and 9 sen to get 24 sen. That is what Hibiscus can earn per share based on Last years average crude oil price. In 2022 the earnings per share should be much higher. But I just use easy to do math number 30 sen per share. It could be higher but let's make a conservative estimate just to be safe. So if we use p/e of 10, we get 10 x 30 sen = $3.00 !!!!!!!!
It will eventually depend on current and future crude oil and natural gas price. For now we can only estimate. So what do you think?
So if your house is worth $300K will you accept $110K ???? Now you know why Hibiscus has high volume ever since the Repsol acquisition has been completed. I believe big funds are now collecting due to big discount. Hope to see the price gradually rise to true value. Just be patient.
Windy1974 Bursa valuations may not be the best to use for estimation. Take a look at exxon mobil p/e 15, Chevron p/e 16, BP p/e 17. Using p/e of 10 for Hibiscus is not high at all. It is actually a very conservative valuation. I believe Hibiscus will prove to be a great company to invest for the future. The p/e may go higher as they put up a good performance. I have confidence in the management. If crude oil price goes past $100, then you see what happens.
Do not be surprised if this stock becomes super hot in 2022 and in the coming years. This is starting to look like a super bull cycle for energy stocks.
kakiminyak. I am not saying your valuation is expensive, i actually wanted to highlight it's too low. Just that i always see people use PE10 as benchmark, then you are missing out if serious investors willing to pay PE13 or 15 etc. The difference is substantial
I caya lu la kakiminyak.......my estimate only Rm2 but i give somemore discount to RM1.50. I estimate next PAT is 400M and therefore eps is 20c. of course i don't think the PAT 400M is sustainable because oil price fluctuate ma. What i see in hibiscus is their management. So far their management has proven record. You want believe in Hibiscus team with a combine experience of few hundred yrs or believe ppl like gemfinder? Gemfindr might be expert in oil turning wrenches or are you running the business? I admit i'm not an oil & gas expert and hence i leave it to the expert to run it and diam diam wait to collect money loh.
Their Q2 results should be out later this week. Reposol had made US78.5 million to the date they settled so over RM300+ million annually on lower oil prices. This quarter will be huge for them although probably won't see it till their Q3 results in May.. Interested to hear what they have to say - you couldn't ask for a better start to the year..
History of brent crude oil price has shown that it's very volatile, it would be crazy to assume a PE of 10 to commodity companies right now, unless crude oil price were to show a relatively stable price range for at least a year or two...
Lol....if the profits is peanut and I would assume hibiscus should be the least interested on your list but your action is telling otherwise. You have been trolling this forum for the longest time....unless it is because of Pang72......romance turn sour???...ewww.......hehe......
Pang, ur apple is busy at Harta now.....she is trying to figure out who is selling the tickets..... by the way, how you know it is not a he???....hehehe
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derrtan
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Posted by derrtan > 2022-02-07 11:08 | Report Abuse
it will be good if can close >1.15