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
Meeting
| Ann. Date | Date | Time | Type | Venue | View |
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Discussions
63 people like this. Showing 50 of 98,981 comments
Datuk Dr Michael gave us his signal. But we will wait. I will reveal what to do Monday Morning.
2 days ago
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
You all might want to look at this.
Click link below.
https://www.linkedin.com/posts/nazrin-zakaria-1542599b_oilandgas-energ...
1 day ago
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
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
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
Largest shareholder buys shares as prices fall dramatically. We have seen this pattern before in other counters.
1 day ago
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
@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
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
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
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
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
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
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
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....
13 hours ago
Few more days to go to close the quarter and all eyes will be on the upcoming August QR report.
13 hours ago
Hahahaha walao eh kindergarten boy clever than u,ada pocket money tak mau lagi talk cock, Wakaka.
12 hours ago
rr88 cutloss in hengyuan on friday but see hengyuan up today. Come and buy hengyuan and it will you reach predict 7
11 hours ago
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
11 hours ago
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
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
Hahahahaha walao eh rr 88 jangan curi curi pergi beli ha, hahahaha ada wang tak mau, tengok enjoying cantik punya lunch,Wakaka.
9 hours ago
I added some last week when it was at 94c. Glad it rebound.
I place an order at 88c too.
9 hours ago
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
7 hours ago
You can buy but you cannot sell. Because other people are trying to be smarter than you.
6 hours ago
Hahahaha walao eh lagi naik Friends calling mana tempat mau pergi enjoy hahaha siapa bayar bil leh, Wakaka
6 hours ago
if see rr88 shouting sell sell..
then its time to buy..
tut tut
love rr88 always be best buddy
hehe
6 hours ago
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..
5 hours ago
Today no throwing to buyers unlike last few sessions. Wonder how they do it. Don't lose $ throwing downwards?
1 hour ago
(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.
33 minutes ago
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@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