Peter : So far no fresh news from the oven. We are trying to collect share at lower price only.. May be drop again till news out..I give my own time frame for the news till end of July ...
Hope can see brighter light next week .. Chance to move up is higher unless regional not performing well .. Us got report to be out soon that may affect regional share..
21 March 2012 Hibiscus Petroleum Bhd Receives Shareholder Support for Qualifying Acquisition 23 February 2012 Hibiscus Petroleum Bhd notice to Holds EGM On 21 March 16 February 2012 Hibiscus Petroleum's Qualifying Acquisition Receives SC Approval 25 October 2011 Hibiscus Petroleum Bhd enters into agreements to acquire assets in the Middle East for US$55 million 25 July 2011 Appointment of Roushan Arumugam as Non Executive Director 15 July 2011 Listing 30 June 2011 Hibiscus Petroleum Launches IPO Prospectus
Cliq-Wa : Based on company info EGM Cliq Energy will be on 22 July 2013. Comparing to Hibiscus EGM is on 21 March 2013 [7/8 months after listing and 4 month after announcement of acquisition]. 1st company need to announce on Acquisition news then 2nd get SC approval and 3rd hold EGM to get support. If Cliq EGM is on 22 July 2013 then the Acquisition news should be much earlier. Or this EGM is for other thing? Wait and see...
Dow shot up 170 points as everyone was worry about today Dow jones movent would shake Asia markets next week. Goreng punya minyak Sudah sedia panas panas now
Kiki..i just sharing some facts for considerations only . Still we based on assumptions.. 1st Assumption : Cliq EGM on 22 july 2013 is to get shareholders approval for the acquitision . If this is true then my wonder is the time frame. Is it possible for cliq to announce the news and then get sc approval before the EGM? The timeline is too short as compare to the period taken by hisbicus. The news need to be out within these 2 weeks if this assumption is true. 2nd Assumption : The EGM is for other purpose and not for approval of Company Acquitision .. But i wonder it is for what..anyway,you make ur own choice ya... Next week in my opinion the chance of the price going upward is higher since US market up 200+ point and school holiday already finish..let wait and see that on Monday .. Happy weekend to all.. Hihihi.
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....
elvin88
673 posts
Posted by elvin88 > 2013-06-07 15:50 | Report Abuse
Now they are keep sucking the share in 0.445