HIBISCS (5199): Company Shares Transactions

Management has explained diligently in the podcast on the matter of share price which is not under their sole control.. SBB will be executed as long as they think the share price is undervalued which everyone can see they are doing it on a consistent basis. I didn't say u r the one spreading negative news. U should have known clearly in this forum which individual is posting imbecile comment

1 week ago

Please watch Q1 2025 results or visit Hibiscus Petroleum's website > Investor Relations page
https://www.youtube.com/watch?v=GRRsK58djK0

There's many informative slides. Love how bullish Hibiscus management is regarding oil price at 70-80.

For US shale to work oil price cannot go too low.

Management keep repeating Q2 will be 2.5 Mbarrels even when we are in the middle of Q2, therefore Q2 numbers will be significantly better.

Assets will be revaluated upwards back again since USD is 4.45 as opposed to 4.1x during Q1, so the NTA numbers will improve and the Price to Book will also improve.

I am monitoring the SBB and the momentum is seriously strong. Company has used up RM70 million. But if we see the cash in bank balance, it has grown RM187mil. What if Q2 numbers are better? There's still capacity from the warchest to continue SBB.

For the short sellers, they have 15 million shares to cover. I'll be sweating if I'm them.

For Hibiscus-c69 call warrant, call price 2.15 in May 2025 by CIMB. I highly suspect they will lose money. Let's continue buying!! Continue your averaging down/up. It's the only way we can win and show support through action.

1 week ago

Great comment by Jimmy. They shorted so much. And they have to short even more to push the price down. But where to get the shares if company continue SBB at this aggressive rate. Sooner or later we will see it moving north. And like u say, we can only show through action. Not everyone might enter at the lowest price but definitely entering now is a sure win

1 week ago

Sangranghaeyo

Oil falls more than $2 a barrel on possible Middle East peace deal ...

https://www.reuters.com/business/energy/oil-holds-2-week-high-russia-iran-tensions-support-prices-2024-11-25/

1 week ago

paperplane

Oil will be bad in Trump time, as he will boost production in U.S

1 week ago

The problem with ppl nowadays is they don't look into details. They just create nonsense through quoting and personal assumption. If u want ppl to believe in u, speak in facts and figures

1 week ago

For the last 2 weeks

Net Short Sell was: -1.44 million shares today it is -1.53 million
Total SBB was: 9 million shares

Hibiscus has tons of money. It's proven by spending RM18 million in cash just like that in the span of 2 weeks.

But we cannot attribute the poor share price only towards to short sellers, what about other sellers? Why are they cutting lost over a PE 3.X and PB 0.5 company?

Too bad, big boss Michael Tang hasn't resume collection again at this bargain price.

Really hope the SBBs will be distributed to all shareholders, it will be a big bonus for us. At this rate, they can declare a 1 for 20 units, which automatically adds 5% to your holdings

1 week ago

We miss the big collection from boss Michael too. Besides shorties, I guess there's too many doubters out there that won't keep this stock in their portfolio. This stock has been assumed as a trading stock and this perception must change.

1 week ago

The treasury shares are all cancelled. Total issued shares had reduced. Here we go for another new cycle of buying and cancellation again

1 week ago

Share price will go up after share cancellation lol

1 week ago

Six6thsense

Give more reward to loyal shareholder

1 week ago

This is now very interesting. I would have wished to receive bonus shares dividend, but I guess the management has other ideas. Share price 1.96 with the new share quantity, should be 2.05.

Secondly committed dividend of 8cts should now be 8.4cts

I wonder what will happen to the call warrants? Price adjustments too? Lets see tomorrow

And does anybody know if shares cancellation will affect NTA?

1 week ago

Does Berkshire Hathaway rings a bell? I personally prefers cancellation as it will only increase the NTA. I guess the call warrants won't be affected as it doesn't affect the current share price like ex dividend. As I always said, have confident in the management, they are working their wonders in all ways.

1 week ago

Hibiscus just cancelled all their treasury shares so I guess tomorrow at open the price will be adjusted upwards around 5% so the market cap remains unchanged

1 week ago

Very excited for tomorrow's share price adjustment. 5% is more than the total dividend payout per annum.

The best part is management has already resumed SBB, 190,000 lots today.

I will also look at call warrant HIBISCUS-69 whereby the Call price is RM2.15. If it's not adjusted upwards, then it seems like a good buy, for those who has less capital but wish to ride on the turnaround in share price. The gap is narrowing and the expiry is end of May 2025, so a good 6 months time to close up 10+ cents. Seems very possible.

1 week ago

https://themalaysianreserve.com/2024/11/26/hibiscus-petroleum-shares-reeling-from-short-selling-pressure/#google_vignette

Pity the short sellers lol

1 week ago

greed123

1 week ago

Disappointing day! But taking it as a learning. Despite almost cancelling 36 million shares, using up roughly above RM72 million, it did nothing to the share price. That's why I prefer receiving dividend bonus, the holdings in your hand will increase in value and you can see the tangible result.

In theory, the valuation has dropped around 5% today, but does the market realises this? So I am topping up 5,000 lots today.

1 week ago

As expected, the share price won't be affected. Bcoz this is just the beginning. Roman empire is not built in a day. Just follow Berkshire pathway. Top up if u have capability. U either do the trading way or investing way.

1 week ago

Short sellers going to cover BACK lol rocket 🚀🚀🚀

1 week ago

Hibiscus continuing to aggressively buy back shares after the cancelation. Another million today. Shows you what they think of the current share price. With maintenance works done and Brunei in the fold they will be banking it at present. Guess the market didn't notice gas going up alot in price of late either which is 50% of their revenue. Will be great to see the short sellers getting burnt. i expect profit for the quarter to be at least 150 million PAT after their expenditure. That's alot of shares which can be bought 😉

1 week ago

Have faith. When the total amount of SBB breaches 10%, we shall see our share price north of RM 3

1 week ago

I cannot help but suspect the call warrants especially the most recent ones 67, 68, 69 by Maybank, Affin Hwang and CIMB to be the culprit and it only goes to show that they are the ones who has the motives to short sell. As what wattsy said, would love to see them burn.

First off, CIMB, HIBISCUS-69 with a strike price of RM2.15 by 30 May 2025. 6 months to go and we are at RM2.00. Good luck!

wattsy has a valid point. 50% is now coming from gas. Yet the analyst report only talks about Oil.

Not sure if SBB hits 10% the share price easily goes above RM3, with the recent 4.8% it only barely defended against the lows of RM1.88 to RM1.96 and today RM2.0......so just 12 cents

1 week ago

Share price is determined by supply and demand. Another 10% SBB will deter anyone from short selling. Coupling with the facts that profit will be high, in 6 months time, hopefully the number 3 will be a dream come true

1 week ago

Note also that the NTA has also increased with the share cancelation and Brunei is also not considered. I expect NTA is approaching RM5 per share. Ripe for a takeover??!!

1 week ago

Looks like privatisation also on the board. This SBB signal is just so clear and strong that our share value will be uphold

1 week ago

Another big finger today to the market. 1.275 million shares BB.. ;)

1 week ago

Kill the short sellers lol

1 week ago

0 lots short sellers yesterday and 1275 lots SBB. Let's keep the momentum going!

1 week ago

Wats the cumulative short selling till now Jimmy? Need to prepare for the shopping spree prior to their cover

1 week ago

15.4 million shares. Still do not see them covering.

1 week ago

Covering of this 15.4 million shares and perhaps another SBB of 40 million shares can push the share price above RM 3. Hopefully my dream will come true

6 days ago

Alextan916

Hope the management can aso purchase the shares as to show they are confident with the company. This will help a lot more.

6 days ago

Good morning shorties, why haven't u short the stock for us?

5 days ago

Sangranghaeyo

They stop shorting becuz oil prices rise on US demand surge

5 days ago

So yesterday was kind of weird. There were 12 lots shorted but also covering of 12 lots. No SBB yesterday and the price closed flat at RM2.03

4 days ago

xyz99

CGS just initiated coverage with RM2.81

4 days ago

Perhaps the shorties are not dare to hold long enough. Or the shorties change hands. Anyway the stock is obviously on the upside of a cycle. RM 3 is definitely coming. RM 4 maybe?

4 days ago

After cancelling RM78 million worths of shares, SBB continues with another RM6 million from that date.

Maybank want to talk about incurring debt? Company got worse off by buying Brunei gas deal? Company will be in huge debt to fund that deal? Here's how the company shows they've got cash and balls

Hopefully with new set of buyers from Icapital and CGS as well as existing funds topping up when they noticed this upward momentum, shorties will begin to cover

4 days ago

Yes Jimmy. Everything is on the right track. Hopefully we can reach the TP of 4. Which is the previous high when oil is at the highest.

3 days ago

Couldn't resist not to ride along the strong momentum. Topped up another 5k lots at RM2.09 today. Hopefully few months down the road, it will justify my decision.

3 days ago

Well done. I entered at 2.07. do update us the shorted volume later. Tq

3 days ago

https://www.youtube.com/watch?v=4DtsUPdw_Do

This is a good analysis by Aaron Pek

3 days ago

Today Shorties short 13 lots but SBB is 238 lots and I personally top up 5 lots hehehe. Tomorrow we will be able to see how much was covered

3 days ago

Six6thsense

Aiyo. I thought will press till 1.6. waste the 4 years time together and prepare more cash to get cheap chips

3 days ago

Wow! Shorts covering seems to be picking up.

Update from yesterday's data

Shorts = 13 lots

Covering = 91 lots
SBB = 238 lots
Me = 5 lots

2 days ago

It's more interesting to see what happens since the share cancellations

Total SBB = 4,073 mil shares
Total shorts covering = 120k shares

Total Shorts = 83k shares

Throughout the above period, the share price was moving RM1.96 to RM2.09 and now back to RM2.06/8.

Basically, the shorties are not bringing down the share price, they are overwhelmed by the SBBs and of very small volume after the Share Cancellations. We can see that the SBBs are about 25% of daily volume traded. So for 75% who are the sellers who are keep losing money/cutting loss?

1 day ago