HIBISCS (5199): Company Meetings

Guess we can look forward Hibiscus to deliver another good qr this month

1 week ago

Trianon

Rm600 mil - 700 mil in revenue can be expected 😄

1 week ago

UncleFollower

Our friend James Bond will be having a field day here again tmr 🤣🤣🤣

1 week ago

Nope, he's on Diwali holiday mode 😂

1 week ago

Income

…to prevent tail gaters: Drill a hole in an object that could cause damage to the vehicle behind you, like a tool box for example if you drive a pick up. Secure it to the bed to prevent it from actually falling off, but loose enough to make the tail gater think it will, and strike their car. Watch how fast they back off and give you room. HAHAHAHA.

1 week ago

alesi

1st interim dividend 2.5 cents coming.

1 week ago

Trianon

and will get the dividend next year 😆

1 week ago

Income

sea-change is a complete transformation, a radical change of direction and in the economic world, we're going through one right now.

1 week ago

Boring

6 days ago

Fantastic Q1 result! Beating expectation

6 days ago

Fundamental Trader

Very promising.

6 days ago

Trianon

Oil price is very volatile lately ...

https://www.reuters.com/business/energy/oil-prices-ease-demand-concerns-outweigh-supply-cuts-prospect-2023-11-21/

6 days ago

So stingy

6 days ago

Share price won't move regardless of how much the company earns. Minor shareholder like us can only see the cash pile swells above the market cap while the share price dives in tandem with oil price. SBB is not being executed. Dividend is meagre. I wonder Wats in the mind of the management now

6 days ago

need foreign funds to goreng i think...

5 days ago

Foreign funds don't even wanna consider buying a stock with less than 3% dividend. It's so obvious either there is massive growth in revenue or massive dividend to support higher PE. With oil price lingering at this area, those inventories building up, dwindling demand, I don't see any good return for my portfolio. The management please acknowledge this and do us a favour

5 days ago

Need to raise out this dividend matter during its next AGM then ... Propose them to implement at least 30% dividend policy 😄

4 days ago

Agreed. Or at least carry out the SBB. Do something to make the company worth it's value. SBB is a tool to prevent share price being undervalued. Please use it not just always renewal of mandate during AGM.

4 days ago

wattsy

Yes agree. My investment standing still. 3% return is a loss when you look at inflation and what I could get with the banks. Not sure why they want to hoard so much cash. Would expect at least 10% dividend given oil is ultimately going to move into decline so surprised they aren’t coming to the party yet.

4 days ago

Hoarding the cash for new oil project which might just churn out lesser and lesser yield? I might not know how's the demand and supply right now but then oil price and inventories are pointing towards surplus. So why reserve so much cash for CAPEX?

4 days ago

wattsy

Yes, unless they’re making it very attractive for a take over .. even then they could still be more generous.. they can’t take it with them 😉

3 days ago

kahhoeng

Making 150 mil in Q1, 500 mil FY reasonable? So currently traded at PE less than 5???

2 days ago

Kahhoeng, u need twynstar analysis to know the range of PAT for FY2024. But nevertheless, it's a sure thing 500mil unless oil price dives to below 75 and stagnant there for months. But nobody can predict the oil price direction accurately. So far we are on the wrong track and looking at the price this morning, u know the consolidation exercise has been nth but a total failure

2 days ago

Btw, stocks in bursa are all miserable. Most massive profitable companies are having a PE below 10 for all sectors. Isn't it intriguing considering other indexes over the whole world are performing better than us.

2 days ago

Wait for panic selling

2 days ago

paktua73

paktua back to fight back..
manage grab at rm2.59
for 1st stage..

tut tut
never give up once..

1 day ago

greed123

...fund managers looking out the window and see the climate change...https://www.wsj.com/business/energy-oil/now-for-some-good-news-about-climate-27236f56

1 day ago

greed123

...tipping point coming soon!

1 day ago

Eyeing on OPEC + meeting this Thursday ..

https://www.reuters.com/business/energy/opec-postpones-policy-meeting-nov-30-oil-falls-2023-11-22/

1 day ago

Almost breaching RM 2.5. such a shame this company. Not doing anything just letting it's share price break new psychological barrier again and again.

1 day ago

alesi

And those directors are enjoying their huge fee and mega perks. Now with their medical needs taken care, they can live forever.

1 day ago

maps

seems like people losing confidence with hibiscus management. Only this oil counter dropping so much

21 hours ago

It's gonna be the first oil company with PE <4. This sums out how bad the management in dealing with it's share price. I'm super disappointed as they just don't give a **** to us

21 hours ago

ZoeZoe

it is surprising to see the highest average holding is 2.70..... and next around 2.38 level!

17 hours ago

Isn't it a coincidence today is the expiry of c49 warrant. See how much pressing can be done and this kind of volatility will always persist without SBB.

17 hours ago

wattsy

Yes, very disappointing.. oils stabilised and will probably go back up and Hibiscus is being dumped despite a fantastic quarter, and management yet again do nothing to stabilise the price. No SBB and pitiful dividends.. not sure what they are trying to achieve here, especially as senior management own significant stakes in the business. Wouldn’t they want more out of it! Still I guess there’s an opportunity approaching to acquire more ..

15 hours ago

The only company that share price stagnant since 2018 while cash pile hits 1 billion mark while revenue x3. I guess the management ready to buy themselves another few lots since they have been acquiring at around the 2.65 mark. But for ordinary ppl like us there's no bullets left

14 hours ago

izoklse

I dont understand why price keep falling while oil price steady. Management need to do something and yes at current condition it is really disappointing for shareholders.

14 hours ago

As mentioned, hibiscus c49 warrant expires today. So for the past 5 days, price has to be pressed as the average of these 5 days will determine the final price of the warrant. Next warrant due is in feb. So hopefully from now on till Feb it will be on an uptrend. However the management can still take 100 mill for SBB. It will only be 5% of the market cap. But this 100 mill is at least the total volume of 15 trading days. Easily can push up to RM 3.5.

13 hours ago

Continue hold and don see it. Easy

13 hours ago

UncleFollower

Hibiscus is actually more fun pre consolidation. I still do a reverse conversion mentally as I watch this counter, perhaps I should stop doing this

9 hours ago

Agreed, and quite easy to trade its warrants as well before the conslidation

41 minutes ago