HIBISCUS PETROLEUM BHD

KLSE (MYR): HIBISCS (5199)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

2.45

Today's Change

+0.01 (0.41%)

Day's Change

2.43 - 2.49

Trading Volume

2,804,600

Discussions
67 people like this. Showing 50 of 104,834 comments

wattsy

Interesting with the deal is that it's backdated to 31st December 2022 so all profits from Total Energies accrue to Hibiscus so the final consideration may be significantly less given oil prices over the last 18 months..

5 days ago

xyz99

3.5x PE only so cheap (2.42/0.68), EPS increase over 30%

5 days ago

hotsauce1924

acquisition is paid via cash and debt, no new shares issuance, so no share dilution.

5 days ago

wattsy

No new debt either. Seems like the final consideration accruing profit will be slightly less than US$200 Mill as Totla Energies PAT for last year was around RM160 million, assuming a close in October this year around US$60 Million will also accrue to Hibby.. Sounds like another excellent deal.

5 days ago

serbatipu

Tuesday how high it can go...

5 days ago

soon9913

https://www.klsescreener.com/v2/news/view/1342451

Great news! Opportunity to get more projects at Brunei!

5 days ago

soon9913

EPS will be improved from 50cents to 68 cents..
Base on current price is less than 4PE.

Inmagine your investment can be recovered in less than 4 ys

5 days ago

soon9913

Gas is much more better assets and environmental friendly due to less co2 compare to oil.. Gas price will be higher in the future

5 days ago

Nepo


quote wattsy:
Interesting with the deal is that it's backdated to 31st December 2022 so all profits from Total Energies accrue to Hibiscus so the final consideration may be significantly less given oil prices over the last 18 months..
No new debt either. Seems like the final consideration accruing profit will be slightly less than US$200 Mill as Totla Energies PAT for last year was around RM160 million, assuming a close in October this year around US$60 Million will also accrue to Hibby.. Sounds like another excellent deal.
===========================
Deal on 31 Dec 2022
Profit after tax for Totla = RM 160 million = US 34 million
and this year till oct est US 60 million, total approx US 100 million

less pruchase price = US 260 million = net purchase cost = US 160 million

ROE = say US 40 million/US 160 million = 25%

Good return but why Brunei want to sell..?

5 days ago

soon9913

it is common to have buy and sell transactions ... Totalenergy has been in the biz for long time since 1999, it is time to lock in their profit too.

5 days ago

soon9913

and hibiscus to grab second round of profits.. hibiscus need more LESS co2 biz

5 days ago

DragonG

Total Energy recently bought SAPNRG's remaining 50% in SapuraOMV , they require the money.

5 days ago

Trianon

Hibiscus Petroleum proposes takeover of TotalEnergies Brunei for RM1.2b ! Next Tuesday going up?
https://www.nst.com.my/business/corporate/2024/06/1063444/updated-hibiscus-petroleum-proposes-takeover-totalenergies-brunei

5 days ago

Six6thsense

Bunga bet really big. I like this style.

5 days ago

soon9913

Limit up next Tuesday lo.
This is good deal!

5 days ago

diuleiloumei

Up... because of ?

5 days ago

Chidi Shi

(吉隆坡14日讯)大红花石油(HIBISCS,5199,主板能源股)以2.6亿美元(约12.2亿令吉)收购道达尔能源公司(TotalEnergies)汶莱业务,获得当地一油田的联营经营权。
配合此宣布,大红花石油今早起暂停交易一整天,直到下周二复市才恢复交易;而其最后的作价为2.43令吉。
大红花石油今早向马交所报备,已与法国道达尔能源签署买卖协议,收购道达尔能源EP(汶莱)公司的全部股权。
完成收购后,大红花石油也将获得汶莱Maharajalela Jamalulalam(MLJ)油田B区块的37.5%的经营权。
此油田的联营方,还包括婆罗洲壳牌(35.0%),以及汶莱能源勘探公司(27.5%)。
大红花石油称,此油田在当地是近海优质天然气资产。若油田联营方同意延长,该资产拥有最多15年的长期产出权,并于2039年11月23日到期。
此油田资产将为大红花石油的2P储量添加2170万桶油当量(MMBOE),即把6090万MMBOE推升至8260万MMBOE。
而石油、凝析油和天然气的每日产量则从2万1398桶,增至2万9263桶。
董事经理肯尼恩佩雷拉表示:“此次交易除了提振公司产量,使我们的天然气产量提高近86%之外,还是进军汶莱能力领域的良机。”

4 days ago

learner9

Might just up a wee bit

4 days ago

serbatipu

Might just up 10-20 sen only.

4 days ago

EngineeringProfit

Cukuplah tu.....Huat ar.....

Posted by serbatipu > 2 hours ago | Report Abuse

Might just up 10-20 sen only.

4 days ago

soon9913

Up because of good prospect and right acquisition!!! Balance less co2 assets. Gas has less environmental pollution

4 days ago

soon9913

Gas price will move higher in future

4 days ago

soon9913

It is very much pros than cons for this acquisition, building relationship with Brunei government too and gas will have strong demand in future as it is cleaner resources

3 days ago

James_Bond

Go go go hibiscus! Haha!

1 day ago

rtsma2026

Really undervalue stk go at least above 3.5

1 day ago

soon9913

acquisition of cleaner energy ... .. electricty still need powered by power plant, they are either using coal or gas.. but gas is more environmental friendly.. so demand will be surged in future

1 day ago

investMyAxx

Trash

1 day ago

Six6thsense

Lots of time and effort spent. Definitely wont abandon the ship

1 day ago

James_Bond

Comrades, be informed that I m taking profit first. Thanks.

1 day ago

James_Bond

Sold at 10% holding respectively at 2.55, 2.53.

1 day ago

James_Bond

Hibiscus is very volatile, in profit, better cash out

1 day ago

speakup

Heard Hibiscus is opening Data Center at their UK oil rig

1 day ago

maps

what a disappointment. Had high hopes today

1 day ago

EliteYY69

expected price flunctation, since the short position still there. They will control the price until the shorties clear their position. after that, only will move to the north

1 day ago

soon9913

Warrant expired soon lo.. Boss will press down the price ya

1 day ago

James_Bond

Sold at 1% of hibiscus holding at 2.48.

14 hours ago

James_Bond

Goodness… Still holding 1,580,000 hibiscus shares…

14 hours ago

chopstick

surprise to read multi millionair join i3 borak here n there

14 hours ago

Rehan

James_Bond

What makes you bullish on Hibiscus?

14 hours ago

Six6thsense

Hold so much who want to push up. Please sell all and crash it.

13 hours ago

Trianon

James_Bond is a millionaire

8 hours ago

Chidi Shi

大红花石油5199价廉物美,值得大家长期持有!

7 hours ago

soon9913

IB will pull down the price until the warrant is expired next week

7 hours ago

soon9913

brent oil price usd85 ady

7 hours ago

soon9913

those oil and gas reserve in Malaysia/ Brunei areas are good quality one and selling higher price

7 hours ago

kahhoeng

https://www.youtube.com/watch?v=ZYw60gON9Ys

Briefing on Proposed Acquisition in Brunei

3 hours ago

Post a Comment