SBB so far has been half-hearted

Consolidating at 0.515.

If they aren't going to buy back their shares, they really have to declare more than the minimum 1 sen dividend for the final quarter.

Someone's accumulating heavily

PE 2.6!

It's a sell on news day

The bright side is that despite the slim volume today, prices are holding up and on the ascendance.

T+2

No volume.

Thin volume. Monstrous block at 0.645.

May I propose those who harbour grievances to file a police report for fraud, losses or/and misrepresentation rather than yapping in this forum?

Now's a good time for SBB to kick into gear.

If you look at long term, if the management starts buying back up to 10% within this financial year, and if they will propose another 10% buyback for the next financial year.

Buybacks shouldn't be exercised when stock prices are sky high. I hope there will be fewer day traders/punters once buybacks reduce the free float volume.

Last month when it hit 0.63 momentarily, it ended the day at 0.61 before dropping back to 0.58 and rebounded from 0.54.

A lot changed hands at 0.585

Of course, you haven't seen because capital reduction hasn't been completed yet. /Facepalm

Tony is certain "We can be out of PN17 status, definitely this year, and I hope much earlier than that." He has opened himself to legal repercussions by shareholders if Capital A gets delisted.

All eyes are on the capital reduction exercise to be completed before share buybacks can commence. It has been three weeks since the proposal was approved. Not long to go now.

Reaching isn't an issue - it's staying there. Hibiscus has always been targeted for pump and dump and short selling.

Ridiculously inflated sell queue at 1.05

When share buybacks are in motion and the valuation rises, it will deter the cycle of pump and dump that we are seeing with Hibiscus two weeks either side of quarterly earnings reporting.

https://oilprice.com/Energy/Crude-Oil/Income-Investors-Are-Returning-To-Oil-And-Gas-Stocks.html

One sure way to reduce the feast or famine predicament staring down Hibiscus' market cap/share price.

Hibiscus can declare as much profit as it wants but as long as there is no consistent return to shareholders either through share buyback or dividends, there is no incentive to hold. So what you get is a spike two weeks before quarterly reporting, followed by a slide until the next quarter. Until then there is a clear guidance by the management, the price will be dictated by short sellers and day traders.

MM, what would you consider a good dividend? 5 cents apiece? What are the odds the management will embark on share buyback to reduce free float, which has weighed down the company's true valuation (too popular with day traders and short sellers)?

That said, Citibank and other media enablers have done their job exceptionally well in cooling the spiraling inflation with constant recession mongering. There is a distinct possibility that if or when recession hits, oil prices won't deviate much from the current level. We might even see a two-tier economic phenomenon where Europe and the US slow, while Asia waking up from Covid slumber continues to grow.

Short sellers are overwhelming the counter. Hibiscus despite tripling its production in an environment of reasonably high crude oil prices is trading as though recession is upon us. It has plunged from RM1.50 to RM0.855 in a matter of weeks. One can only hope that the management will reward loyal shareholders with a handsome dividend payout in the next quarterly result announcement. That or it can begin to buy back its own shares from the open market to reduce the rampant volatility and manipulation we are witnessing now.

https://www.lifestyleasia.com/kl/travel/destinations/japans-largest-bookstore-chain-tsutaya-to-open-at-pavilion-bukit-jalil/

https://www.lifestyleasia.com/kl/travel/destinations/ioi-city-mall-set-to-surpass-1-utama-to-become-malaysias-largest-mall-in-june-2022/

https://www.lifestyleasia.com/kl/travel/destinations/what-to-expect-from-the-soon-to-open-mitsui-shopping-park-lalaport-kl/

https://www.lifestyleasia.com/kl/travel/destinations/what-to-know-about-genting-skyworlds-partially-opening-for-christmas-celebrations/

https://www.lifestyleasia.com/kl/style/fashion/inside-tom-fords-recently-opened-flagship-boutique-at-the-starhill-kl/

https://www.lifestyleasia.com/kl/food-drink/drinks/the-latest-attraction-at-resorts-world-genting-is-an-enormous-beer-bar/

https://www.lifestyleasia.com/kl/food-drink/drinks/the-latest-attraction-at-resorts-world-genting-is-an-enormous-beer-bar/

https://www.lifestyleasia.com/kl/style/watches/the-new-patek-philippe-boutique-with-cortina-watch-in-kl-is-a-worlds-first/

https://www.lifestyleasia.com/kl/style/fashion/tiffany-and-co-unveils-its-third-boutique-at-the-gardens-mall/

https://www.lifestyleasia.com/kl/style/watches/audemars-piguet-opens-a-massive-flagship-boutique-in-kl-at-the-starhill/

https://www.lifestyleasia.com/kl/style/fashion/coach-christmas-installation-at-pavilion-kuala-lumpur-2021/

https://www.lifestyleasia.com/kl/style/fashion/chanel-debuts-its-ephemeral-shoe-boutique-in-malaysia-at-pavilion-kuala-lumpur/

https://www.lifestyleasia.com/kl/food-drink/dining/a-new-must-try-american-burger-parlour-debuts-at-resorts-world-genting/

Hard Rock Café, 4 Fingers Crispy Chicken, Jamie Oliver’s Diner and Serai Café are slated to open in the coming months.

https://www.lifestyleasia.com/kl/travel/destinations/what-you-can-expect-at-klia-the-next-time-you-get-to-fly-internationally/

Pavilion Bukit Jalil opens Dec 3

https://www.lifestyleasia.com/kl/living/property-interiors/kls-next-shopping-haven-pavilion-bukit-jalil-is-home-to-these-new-attractions/

https://www.lifestyleasia.com/kl/travel/destinations/airasia-facilitates-90-weekly-domestic-flights-to-langkawi-and-tickets-are-selling-fast/