STFUrr88

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?

3 weeks ago

jimmylim11

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

3 weeks ago

STFUrr88

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 weeks ago

jimmylim11

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 weeks ago

STFUrr88

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

3 weeks ago

jimmylim11

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

This is a good analysis by Aaron Pek

3 weeks ago

jimmylim11

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 weeks 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 weeks ago

jimmylim11

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

3 weeks ago

jimmylim11

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?

2 weeks ago

STFUrr88

I'm also curious who is dumping for me and the SBB to collect. Buying momentum is still not here yet and thus it's reali hard for us to see massive gap up.

2 weeks ago

Sangranghaeyo

I always wait for the price to be lower than RM2 and buy 😊

2 weeks ago

jimmylim11

Quiet few days and price movement nothing exciting

Gathering some thoughts here

Negatives:

- Oil price seems to trend down, not helping
- 3 new call warrants issued HIBISCS-70, HIBISCS-71 and HIBISCS-72. HIBISCS-71 in particular has strike price of only RM1.85. This warrant is current "In the Money" but conversion rate is 4:1. With a long expiry date.
- Shorts covering not taking place yet
- Looking at the volume, doubt new players/funds taking a position in Hibiscus despite the superb valuation

Positives
-Since the shares cancellation, price has risen and sort of stabilized from RM1.96 to RM2.08
-Since Management is gungho on the production rates, expecting Q2 to be 100mil in profits, so EPS maybe around 0.13
-SBB continues with gusto. Roughly RM11 million spent
-Shorties missing in action

2 weeks ago

STFUrr88

C71 is reali a daring bet. By the time it reaches maturity., I'm quite sure the share price will be north of 2.5. load it up tmrw.

2 weeks ago

jimmylim11

Important update:

Short covering has started. Yesterday 887k lots was covered. Net Shorts now is 14,496k lots.

2 weeks ago

STFUrr88

But today, as usual there's heavy dumping again in the morning. SBB has to be more aggressive to counter this pressing. Totally agree with you that there's no fund house or big investor circling this counter.

2 weeks ago

jimmylim11

Heavy selling today despite no short sellers today. Even with RM2million SBBs today, the price still fell 4 cents.

Sometimes I wonder if Management should revise their dividend policy. They are effectively paying about 13% of net profit but have used up RM80-90 million for SBBs alone. If they announce say 20% dividend payout policy, this is definitely feasible, but I suppose, they prefer to buy out all the sellers approach

2 weeks ago

STFUrr88

Short term pain for long term gain. There's just too much sellers who wouldn't want to hold on to the stock. We will be the one willing to take over these holdings. Rest assured a year from now we can reap the harvest provided 20 per cent of shares are wiped out from free market

2 weeks ago

learner9

Today dropped again 🫠

2 weeks ago

STFUrr88

Today's SBB isn't heavy enough to defend the share price. Jimmy do update us the short position as usual. Tq

2 weeks ago

jimmylim11

There were no shorts on 12/12. Net shorts remain the same as 14,496k. Tomorrow we will be able to see if that figure changes to reflect any shorts covering.

With 700k SBB, but volume about 3mil, there are still a lot of sellers selling at a loss. At this price anything that was bought since 2022 is a loss, so the sellers must be selling at a loss.

I topped up another 5k lots at RM2.01. Just hope to get dividends on January 2025, and add on again.

2 weeks ago

STFUrr88

No call warrant expiring this month. Hopefully the SBB can mitigate the short selling problem by January as another round of call warrant will expire then. We have to thank those who dump for us to collect.

2 weeks ago

Alextan916

May I know where can see the net short seller volume?

2 weeks ago

wattsy

https://oilprice.com/Energy/Natural-Gas/Gas-Prices-Set-for-a-Breakout-in-2025.html

1 week ago

wattsy

Note gas prices are creeping up again and should continue to do so into the new year. Analysts and those dumping completely miss this point. Hibiscus is cash rich and will keep buying shares and will also make great money, especially after Q1 when the full capacity of the gas asset which is Brunei is realised into the financials. Adding to my position also, even though I'm down overall

1 week ago

jimmylim11

Alextan it can be seen usually the next morning on bursa malaysia website. Go to market statistics - securities. Then find the net short sellers box.

1 week ago

STFUrr88

Perhaps we need to ask these ppl why they hate hibiscus so much. Please don't channel Ur hatred here. Plus according to the latest development on marigold and sunflower field, it is expected to produce 40k bbd at its peak. hibiscus is basically safeguarded with plenty of untapped resources. It might not be a dream to see a production of 100k bbd of oil and oil equivalent.

1 week ago

Sangranghaeyo

It has fallen through RM2. Time to grab some 😁

1 week ago

jimmylim11

Shorts covering 282k lots yesterday

Net shorts now 14,222k lots

1 week ago

STFUrr88

Allowing shorties to cover position at 1.99 is definitely not good for us.

1 week ago

jimmylim11

Since now we are at lows of over 2 years time frame, all shorts will make money. We can’t stop them.

What we should hope instead is for more shorts covering. That should signal the bottom is found and the more they do that, more buyers will come back. There is still rm28 mil to cover. Hopefully this may push the price up by 10 cents if not more.

What I am fearful of and disgust is if C69 at rm2.15 by may and C71 at rm1.85 by July will be out of money!! Please, let these IB lose money on these 2 if not all call warrants.

1 week ago

STFUrr88

Yes Jimmy. To issue warrant at these prices are totally a humiliating sign to the share price. We shouldn't let them win. To be frank if I could, I would have sacrifice all dividends in exchange of SBB. Just wipe out all these shares for the sake of future.

1 week ago

Alextan916

Hope the crude oil shooting up to 80 again

1 week ago

STFUrr88

Today's SBB is on the strong side. That's the only way to support the share price

1 week ago

jimmylim11

My friends

https://ir2.chartnexus.com/hibiscuspetroleum/docs/press/2024%20Hibiscus%20Investor%20Presentation%20-%20Dec%20R1.pdf

Please take some time to understand the company a little better.

Hibiscus now is almost 50:50 Oil to Gas. Gas price is creeping higher.

1 week ago

STFUrr88

There's almost negligible negatives apart from the shareholdings. Basically the current share price is low due to large holding by retailers (weak holding power), high free float shares in market. Well done management and thanks Jimmy for these slides. It's easier to read graphs n charts for better understanding

1 week ago

jimmylim11

We all know yesterday SBB was 1000 lots. Shorts covering yesterday was 238 lots.

However, there were 22 lots new shorts.

Hope to see stronger shorts covering to provide us with a signal that bottom has been found

1 week ago

STFUrr88

SBB didn't resume yesterday for unknown reason. A bit disappointed as currently volume is low and minimal SBB will provide a massive support

1 week ago

jimmylim11

125k lots shorts today, bringing down the price to RM1.96

1 week ago

Sangranghaeyo

Shorties continue to short, we continue to buy. Hibiscus will shoot back to RM2 above once they cover back their short position

6 days ago

STFUrr88

Yup. I buy for 2028. Not buying for tomorrow. A tortoise race for us to achieve our target. Slow but definitely

6 days ago

jimmylim11

Happy to see big boss Michael back to collect more

6 days ago

STFUrr88

The only bright point for yesterday. Today I've accumulated the largest single batch of stock in my life at 1.92. might not be the lowest for this share. But hopefully one of the lowest.

6 days ago

jimmylim11

Congrats STFUrr88. I am also trying to accumulate more, bit by bit, whenever funds allowed.

3 days ago

STFUrr88

Thank you Jimmy. The best news is SBB has resumed. Shorties are here to give us a big ticket to collect. SBB will always be out shield of support. Hopefully there is ample of time for us to collect before the next bombastic qr (fingers crossed 150 mil PAT)

3 days ago

learner9

wonder when will they announce privatisation

3 days ago

STFUrr88

Unlikely for years to come unless more than 30 per cent of floating shares are removed by SBB. There's too many retailers holding this stock and redeeming it from the market will take a long time

3 days ago

jimmylim11

Privatisation will not take place soon.

According to the slides at Hibiscus Petroleum website, retailers hold about 3X% and Institutional (funds) about 50-60% management 10%. We will need the funds to pare down their holdings and Management to significantly take more control.

My wish for 2025 is to gradually climb back up. And do not wish to see C69 and C71 to be in favour of the IBs.

Meaning share price to be above Rm2.15 by end May and of course above Rm1.85 by end July. CIMB is the worst

2 days ago

STFUrr88

Totally agree with Jimmy. Privatisation will be imminent when insiders hold more than 50% of shares. We just need some new fund house to counter the IBs selling prior to the expiry of warrant.

2 days ago

Gaussian

🚨🇸🇦 BREAKING: SAUDI ARABIA has decided to CUT OIL PRODUCTION, causing a SPIKE in global oil prices.

1 day ago