Maps - they have an excellent management team and provide clear transparent reports. Perhaps that works against them in Malaysia! Their stock is an absolute bargain at present and I've been loading up on more. NTA is currently 3.77 before the Brunei deal. After the deal this increases. Im sure that also have other deals in the wings. The world is also very fragile to the upside at present. Things will soon correct themselves and the diamond it is will shine through.
apple4oranges, don't forget hibicus only make money if oil stay above usd 70 if no wrong. With current outlook on US and europe economy , many economist is bearish on world brent consumption. IF US really go into recession , brent will fall below USD70 to USD60 estimated.
Be careful of some shorties that may envy our success of scooping low… and pressing the price later in the afternoon… strong first and then weak in the second half… cheers!
Crude Oil Price moving up to USD 87 /boe. Hibiscus cost of Production is very !!! much lower due to their higher production from newer fields. Insiders buying shows it is worth to buy. Very low PE and high NTA, yet price only slowly coming up !!!
What seems to ail this Company. ? Upstream business should be good as Brent is at a high price. Should do a buy back exercise like Crescendo so price can be at a fair price. An undervalued share.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Six6thsense
158 posts
Posted by Six6thsense > 2024-06-25 22:44 | Report Abuse
Its ok. Time will tell. Sooner or later will reach that price.