HIBISCUS PETROLEUM BHD

KLSE (MYR): HIBISCS (5199)

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Last Price

0.95

Today's Change

+0.045 (4.97%)

Day's Change

0.905 - 0.955

Trading Volume

40,667,600

Additional Listing


Ann. Date Date Type Units Price View
Discussions
63 people like this. Showing 50 of 98,981 comments

nazrzach

@rattynz,
Thanks for your info. There is only 1.9milbbl left a week before. WTI oil also rising extraordinarily and closing the gap on Brent oil which means refineries drawing a lot of crude oil from their inventory.
New US regulation halts new oil drilling in Permian Basin.
There are 7 initiatives to lower gasoline price in US. 3 of them made no progress. US Energy Secretary conceded current gasoline price hike due to Biden hastily Green energy transition and Ukraine War.
The other 4 initiatives may take a least one year to see bear fruits.

2 days ago

nazrzach

Datuk Dr Michael gave us his signal. But we will wait. I will reveal what to do Monday Morning.

2 days ago

linheng

Ya. Datuk Micheal Tang keep buying. This guy is great. Was involve in Tropicca and the price shoot up. Then went into QSR Brands and the price shoot up too. Was involved in the injection of Mid Valley Megamall into KRIS Components. Share price shoot up also. Now is involved in Omesti. Price at 4 week high. No surprise if he used SPAC to swallow Hibiscus. Recent shakeout suits him. He was the youngest partner in Law Firm Shearn D

1 day ago

nazrzach

You all might want to look at this.
Click link below.
https://www.linkedin.com/posts/nazrin-zakaria-1542599b_oilandgas-energ...

1 day ago

nazrzach

@linheng,
Thank you for sharing this info with us. We appreciate this.

1 day ago

rattynz

The other interesting this is that all of Hibiscus's oil production in Malaysia is Malaysian Tapis or equivalent. These are the best grades in the world with the lightest APi (gravity) and extremely low in Sulphur which requiring far less refining, ideal for producing high quality fuels, and as such it's priced differently. So while Brent dropped as low as 102 last week, Tapis only went down to 118 a barrel, and it's also on its way back up again. Perhaps with refineries under pressure to meet northern hemisphere fuel demand it will head up even more..
https://rentar.com/best-crude-oil-world-crude-oils-better-others/

1 day ago

twynstar

1) Hibiscus closing price on 24/6/22 was RM 0.905 (market cap RM1.8b)

2) For Q4FY2022, hibiscus plans to sell 2,076,751 boe of oil and gas, with estimated revenue of at least RM800m and net profit of RM150m-200m. By the end of 31/03/2022, hibiscus had unrestricted cash of RM273m. It is safe to estimate hibiscus will has unrestricted cash of RM400m by 30/06/2022

3) For FY2023, Maybank estimates hibiscus will generate EBITDA of RM1,482m and Hong Leong estimates hibiscus will generate EBITDA of RM1,463m

4) EV = Enterprise Value = Market cap + Total debts - cash
For FY2023, EV / EBITDA = ( 1800m + 0 - 400m ) / 1463 = 0.957

5) The largest shareholder, Datuk Micheal Tang bought total of 10,792,100 shares in between 18/02/2022 - 14/03/2022, with share price at least RM 1.10. He bought another 20,000,000 shares in between 22/06/2022-23/06/2022

As a value investor, can you miss a chance to invest in a company with excellent management team, zero debt, low cost producer ( average OPEX less than USD 20/boe) , potential of growth ( Teal West Project, Marigold Project, unlock 2C resource of North Sabah, acquisition of another valuable oilfield) and extremely low EV/EBITDA ( deeply undervalued). Datuk Micheal Tang doesn't think so

FYI, the average EV/EBITDA of Oil and Gas (production and Exploration) of United states for January 2022 is 8.28

1 day ago

PSAi3alert

twynstar,

Michael's shareholding was already 180M shares as at March 2021.

The block of 138.9M shares were acquired at less than 0.20 per share


Changes in Sub. S-hldr's Int : DATUK MICHAEL TANG VEE MUN

12 Jul 2016
138,900,000
Acquired via placement by Polo Investments Limited

8 March 2021
41,041,666
Conversion of Islamic Convertible Redeemable Preference Shares ("CRPS") by Mettiz Capital Sdn Bhd


Sources:
https://www.bursamalaysia.com/market_information/announcements/company...
https://www.bursamalaysia.com/market_information/announcements/company...

.

1 day ago

Mixologist

Largest shareholder buys shares as prices fall dramatically. We have seen this pattern before in other counters.

1 day ago

Raymond Tiruchelvam

twynstar thx for the write up.... its the "other expenses" in the last QR that was left undefined that is causing concern... if they report a 150m or so other expenses.... then the profits are wiped out

1 day ago

zhangzuode

PSAi3alert - you point is ....

1 day ago

zhangzuode

twynstar - thank you.

1 day ago

twynstar

@Raymond

Please read the excellent write up by zhangzuode on 26/05/2022

He might clear up your concern.





Hibiscus 3Q22 Review

https://klse.i3investor.com/blogs/ZZD/2022-05-26-story-h1623448629-Hib...

1 day ago

PSAi3alert

zhangzuode,

I was referring to twynstar's point (5) that stated Michael purchased about 30M shares at an average price of around 0.98 in Feb, March and late June.

A substantial shareholder who continues to purchase big blocks is the one of the optics that are being presented.

My point is that Michael already has a block of 180M shares as at March 2021 purchased at an average costs of about 0.28 or so.

Despite the large purchases on the 22nd (15M) and 23rd (5M) June, prices continue to decline.

IDSS and PDT over the past few days have not been significant.

Big blocks are being dumped.


24/06/2022
Total Volume: 69,363,000
IDSS Value: 3,371,642
IDSS Volume: 3,687,700
PDT Value: 45,750
PDT Volume: 50,000

23/06/2022
Total Volume: 96,218,000
IDSS Value: 2,320,222
IDSS Volume: 2.452,300
PDT Value: 575,500
PDT Volume: 600,000

22/06/2022
Total Volume: 59,652,000
IDSS Value: 2,594,419
IDSS Volume: 2,545,200
PDT Value: 220,872
PDT Volume: 214,300

21/06/2022
Total Volume: 47,006,000
IDSS Value: 2,194,774
IDSS Volume: 2,062,000
PDT Value: 377,500
PDT Volume: 350,000

20/06/2022
Total Volume: 56,655,000
IDSS Value: 6,255,784
IDSS Volume: 6,054,800
PDT Value: 1,235,565
PDT Volume: 1,206,500

17/06/2022
Total Volume: 90,159,000
RSS Value: 31,828
RSS Volume: 29,200
IDSS Value: 1,409,498
IDSS Volume: 1,286,300
PDT Value: 1,150,236
PDT Volume: 1,055,000

.

1 day ago

nazrzach

Guys, (BobAxelRod, PSAi, twynstar, ratynn, zhangzuedoe)
I hope you all dont mind use your findings for my LinkedIn posts yea?
Thanking you in Advance.
Silence in Approval

Ps My LinkedIn can reach global audience.

1 day ago

rattynz

Well if Dtk Michael bought his initial shareholding at 50 Million as you suggest.. He just invested over 18 million to up his shareholding by only 11%.. Why would you do that if you think it's still heading down. Why would the largest shareholder in Hibiscus head back for even more and a significantly higher price if he doesn't beleive in the business and significantly higher future upside. His cost average has climbed.. I suspect he also knows that big dividends are also coming which will cover off his ongoing investment. If he wasn't supremely confident in the future of the business he could have offloaded his shares at 1.50 and he'd have netted RM100+ million.. Instead he's taken a 100 million+ hit and gone in for more...what does that say?...

1 day ago

zhangzuode

PSAi3alert - thank you for the elaboration. Still, what is the point that you wanted to make? Perhaps this is what you meant: that the additional purchases by Datuk Michael is a drop in the ocean and matters little?
OR,
as per rattynz explanation, that he is showing faith in the company, even averaging up?

Generally, it is a positive sign when a major shareholder buys into a bear market, and, for me, it is a positive sign.

But, I take note of the huge amount of shares traded over those days you stated.

1 day ago

zhangzuode

Furthermore, highly likely that a 1.5 sen dividend will be declare this coming August when 4QFY22 is announced given the good cash flow. This will gives a 1.6% yield (assume average price for latest purchase is RM 0.95/share). Not bad for less than three-month holding with capital appreciation too.

1 day ago

rattynz

Does anyone know what the average position cost price is at present?

1 day ago

rattynz

Just to correct earlier.. Dtk M would've netted around 223 million if he'd got out at 1.51. Instead hes taken a 110 million bath and thrown another 18 Million in for good measure..

1 day ago

nazrzach

@rattynz,
Last Friday's VWAP is higher than closing price.

1 day ago

VTrade

Prepare well and see oil esok
Harap is lantunan yang berkesan

23 hours ago

VFTRADER

Haha.... Someone used big big oil barrel to collect end last week.

Those who follow the trend hopefully will laughing to the bank one day......

Hurricanes to strike Mexican Bay very soon....

14 hours ago

Phoebe

Few more days to go to close the quarter and all eyes will be on the upcoming August QR report.

14 hours ago

rr88

How to go up when oil is coming down?? Kindergarten boys also know this maths

13 hours ago

VTrade

Oil supply no problem ? @rr88

13 hours ago

birdparadise

Hahahaha walao eh kindergarten boy clever than u,ada pocket money tak mau lagi talk cock, Wakaka.

12 hours ago

hengpetron

rr88 cutloss in hengyuan on friday but see hengyuan up today. Come and buy hengyuan and it will you reach predict 7

12 hours ago

hengpetron

rr88 you are right, hengyuan will 7 as you predict.

12 hours ago

Extraordinary88

rr88 bola easily kecut
Buyback is the answer
Dimitri_Ivanov

Looks like more profit has evaporated for the individual below. Longkang level punya technical analysis.

Posted by rr88 > 2 days ago | Report Abuse

Sold all! Escape with a few cents profit before it evaporates
1. Volume disappear
2. Hibiscus crashing

16 minutes ago

12 hours ago

paktua73

jika minggu ni xbreak rm0.90..
paktua jangka akan stay above rm0.90 until 1st august..




tut tut
more strong feel this just war
on call warrant only..

11 hours ago

VFTRADER

After the OPERATORS pull down the price in the last 10 days,

now is the time for THEM to slowly - slowly....push up the price back to PE level.



11 hours ago

ks5S

this week break 1.10

10 hours ago

birdparadise

Hahahahaha walao eh rr 88 jangan curi curi pergi beli ha, hahahaha ada wang tak mau, tengok enjoying cantik punya lunch,Wakaka.

10 hours ago

Phoebe

I added some last week when it was at 94c. Glad it rebound.
I place an order at 88c too.

9 hours ago

532TKY

stilll my fav o&g

9 hours ago

532TKY

nice up today <3

9 hours ago

532TKY

HENG AHH

9 hours ago

VTrade

Wonderful and smooth… haha..

8 hours ago

rr88

Hello kawan. Dont sleepwalking arr..

You open yr stock chart. Go back 8 months ago to 15 oct 2021. You will see it closed at 0.945.

Now this support was broken 2 trading days ago on thursday. Today market was stopped at this broken support turned resistance.

Once it fails to cross over 0.945, it wont HEGEH-HEGEH there one; it will DROP one.

Sell, run, cut loss, stay away

8 hours ago

CITADEL

dead cat bounce sikit all so happy keh

8 hours ago

rr88

You can buy but you cannot sell. Because other people are trying to be smarter than you.

7 hours ago

birdparadise

Hahahaha walao eh lagi naik Friends calling mana tempat mau pergi enjoy hahaha siapa bayar bil leh, Wakaka

6 hours ago

paktua73

if see rr88 shouting sell sell..
then its time to buy..


tut tut
love rr88 always be best buddy
hehe

6 hours ago

paktua73

paktua love tell old story..

the bungaraya story..

tomorrow is dateline for c22..
after tomorrow..
will skyrocket above rm1.10..
why..
IB need fund for next call warrant expired 30 july..
so today n tomorrow will not reach above rm0.995..
will start climb mybe on friday..



tut tut
its good time for bargain..

6 hours ago

straightarrow

@paktua73 thanks for the heads up.

5 hours ago

elbrutus

i ingat next call warrant expires on 22nd AUG... ???

5 hours ago

linheng

Today no throwing to buyers unlike last few sessions. Wonder how they do it. Don't lose $ throwing downwards?

2 hours ago

nazrzach

(Bloomberg) -- Libya’s state oil company said it may suspend exports from the Gulf of Sirte, which contains many of the OPEC member’s main ports, in the next three days amid a worsening political crisis.

1 hour ago

nazrzach

@linheng, Thats short selling.

1 hour ago

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