Today the share should move up, if not, then i think ANZO operator will bring it down,,artificially .. to 14c .. shame ..shame...shame..must stop..

Rebound.

With low oil price, USA shale oil will go down the drain, oil rig will decrease, stock pile will decrease, opec will win, libya and Nigeria far from stable, Qatar may shout down gas supply,

Hold all the way..

So Anzo sold it share at 0.2 plus free warrent to those who subscribed to the right issues,, when the share value was at 0.3 now they got our money and they will buy the share back at 0.16!!! Or who know even for less.. this is a pure scame.. the share on friday 23 june should open at least at 0.2 no less..

10% private placement 144 milion share, allready in place and approved by bursa malaysia, refer to hibiscus announcement..

How iris and fgv are related?

If you all sell cheap, next tp is still RM1.15 ,faling of oil price is temporary, for short time.

I3trader and tecpower you sound you know each other very well, so keep it cool, we appritiate a good comment and good advise, let the reader decide what best suit to it...

RGB posted same net profit this quarter comparing to last one with less revenue, this is a good results as it shows that RGB is able to increase its profit. Share should go up, hope reach 0.36 by end this week..

I truss TA evaluation most of the time, however to realise 0.28 may take some times.

Since 5 days, about 230 milion share change hands at 0.465 - 0.475,, this is about 35 % of the total free float shares, this is a good sign as this could means that the new support level is at this range.. hope oil price remain at 50 usd average range, enough for hibiscus to continue making a good profit and encourage new investor to join.

Oil price is moving up today green now 51.92 usd.. all good sign to me, do not fall traped into these guys that trying to steel your share as sheap as they are, hold tight, sell high or top up, share still undervalued, no wonder yesterday 130 milion share sold at opening, same investor may come back today for second round,,

You still want to sell your share now? If you realy need to sell, sell high above 0.5 there are enough investor queing and will pay high for such stock.

Oil price is now stable enough between 50 and 52 usd average for the next 3 quarters,,,this mean, another 3 profitable quarter for hibiscus,,

Brent oil price 51.86 usd , hibiscus cost of oil production per barrel is 15 usd, gross profit per barrel is 51.86 -15= 36.86 usd x 3500 barrelsx90 day= 11.6 milion usd each quarter... this is only Anasuria FPSO, immagine the profit from Sabah shell with 9000 barrels produced every day,,my TP is at least 1.15.

Ankahil, as i said to you before you missed the boat, today hibiscus will open 0.50, new wave comming..

Lets wait and see.

This counter is for real and onest investors..

Tomorrow hibiscus will open higher, 0.5 as minimum. You want to sell lower is up to you, you want to play counter, up to you. Hibisvus have a new future, and starting from jan 2018, will be able to produce arround 20000 barrels of oil per day. The 25 milion dalar investment already doubled in value. Many joker here trying to foul you to sell cheap,, hold a few days and then sell at 0.55 or maybe 0.6.. hibiscus share was already 0.560 a few month ago, now after 4 qr in a raw of profit making, opec deal and sabah shell deal approved..all counter player are washed out..you play counter you will loose badly..either you join or exit the counter..

Not bad for first day, 6.5c . Tomorrow second round, hope to add another 6.5c.

This is it, this is the news we all was predicting to happen and its happening now, hibiscus is no longer pending on one source of income, sabah shell will triple hibiscus income and profit. My tp is 1.15 by end this year. Opec+ qr+ sabah news are very positive and will increase hibiscus asset value and share value. Recommend to hold as much as you can, most of us we wait so long, dont give up easy.. if we all hold, the share will have to open ar least 4 to 5 cent higher..

I was alwayse sure that Petronas will approve the aquisition to Hibiscus, i also predicted correctly the latest qr profit, and opec extension to production cut,, my next prediction is the lease of hibiscus modu for 10 milion usd, which may be announce in next few days,,

It is now a matter of a few weeks, hibiscus share will double in value..

You got Anzo-OR because you own Anzo mother befor and up to 25 may 2017,, i got it too automatically. Now waiting the letter to subscribe to the right issues at 0.20 rm..

I am not selling my share below 50c or even 60c..and i guess the majorety in this counter may do the same, so how the share will surge if there are not enough sellers? Does this mean the share will open higher? Perhaps straight to 0.500 ? Or even 0.600 if good news!.

Nicky, i thought you sold all your share at 0.525?,,and you heard from who? The fish told you?

May take a few days to see the announcement, in the mean time,, prepare cash, borrow from friends and family, sell other assest,,,enter as soon as you can, buy, as long as the share is below 0.50, you still make money in this counter.. i think its related to Sabah and west seahorse modu lease for 10 milion usd, new income for hibiscus. If this is the case hibiscus tp should be 0.52 current +0.6 sabah + 0.3 west seahorse = 1.42 as hibiscus daily production will reach 20000 barrels a day..

Its not clear when the trading will resume, i guess once the new announcement is publish,,lah?

Maybe some tax return, those 10 milion ringgit,, was a mistake? From the recently resigned chief financial officer!! Lol...

It look like the announcement is about the director who just sold his 700000 share, maybe he is fired or else..!!

Mitchu, may i ask what icon contract has to do with Hibiscus?

The article posted by theedge on hibiscus is miss leading,,hibiscus profit did not fall, in contrary..

Faling of oil price is temporary, in the long run, oil price will reach 60 usd this year. I am surprise that on the day of opec meeting the oil price fall, its like it was pre planned, regardless of the outcome... any way, no change in hibiscus fundamental..as oil price will recover very fast,

Hibiscus should open higher tomorrow..

Crud oil inventories fell again 4.43 milion barrels according to EIA.. brent is again up now 54.51 usd..

Nice to read reasonable statment, last report in november 2016 hibiscus annonuce less profit comparing to tody annonucement, after that the share went up from 0.375 to 0.565,,also the share rose more due to opec announcement on november 30 2016, history will be repeated now, today qr is good, tomorrow opec deal,, so cross finger..you guess..

You need to read hibiscus report in details, and compare apple with apple,,

The edge article is misleading,, hibiscus is a profitable company, i agree with SmartyAlek and GM68.. no need to compare with last year profit, since last year profite 80 milion was mainly due to tax return from UK. The last 3 qr profite is a pure operation profit.. hibiscus current net profit is excelent. With free from dept.

Does anyone of you manage to buy hibiscus at 0.44? There is a 2 milon share queued to buy at 0.44 but the system is not allowing the transaction to happen,, very fishy..

Volume is 2 milion only, and some how somebody sold 100 lot at 0.44 the share price fall from 0.45 to 0.44 this is 1 cent,, shame and miserable,,,this can only be a munipelation or computerized act..this should stop now.

There are still operator pressing the share down everytime it goes up a bit,,why? Why people want to sell lower when they can wait and sell at high price? Or maybe its not people but a computerize system? Does bursa malaysia benefit more by pressing shares down when they suppose to go up? Or its me who is getting a bit crazy,,,

Opec will meet tommorow in Vienna to confirm the oil production cut extention for another 9 month, this should be sufficient to push the oil price up toward at least between 55 and 65 usd.. all good news for hibiscus to maitain a profitable income for the next 3 to 4 quarters to come.

Brent oil price up again now 54.18 usd. Hibiscus should go up today, hope to close higher..

Anasuria fpso was bought from Shell, and Sabah aquisition is also from Shell, and Shell and Petronas are good partner since 120 years... i see no reason for Petronas to reject the deal.

Qr befor 31 may, it could be from today onward. Qr should be excelent this time. If Petronas reject the deal, which i personaly do not think so, than Hibiscus will have 120 milion ringgit in cash for other investment. Remmember that the core business of hibiscus management, is investment business..

Proven and recoverbal reserve is solid to me.

W6999, i have pridicted a 20 milion ringgit in net profit for the perode between 1 jan and 31 march 2017,, this is based on similar approach you have just shared..

30 may is the date for Perisai to furnish to bursa malaysia his agreement on the settelment proposal with Emas.

Type Announcement
Subject OTHERS
Description PERISAI PETROLEUM TEKNOLOGI BHD ("PERISAI" OR THE "COMPANY")
APPLICATION FOR EXTENSION OF TIME TO SUBMIT THE DRAFT CIRCULAR IN RELATION TO THE PROPOSED SETTLEMENT AGREEMENT IN RESPECT OF THE DISPUTES ARISING FROM OR IN CONNECTION WITH THE SHARE SALE AGREEMENT DATED 30 NOVEMBER 2012 ("SSA") BETWEEN PERISAI AND EOC LIMITED (NOW KNOWN AS EMAS OFFSHORE LIMITED) AND/OR THE PUT OPTION RIGHTS OF PERISAI UNDER THE SSA
We refer to the announcements dated 23 December 2016 and 2 March 2017 in relation to the Proposed Settlement Agreement.

Pursuant to paragraph 9.33(1)(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“MMLR”), a listed issuer must submit the draft circular (“Circular”), in accordance with the MMLR as soon as possible and in any event not later than 2 months from the date of the announcement or the date the last approval necessary for the corporate proposal is obtained from the relevant authority, whichever is the later.

On behalf of the Board of Directors of the Company, M&A Securities Sdn Bhd wishes to announce that Bursa Securities had on 16 May 2017 approved the Company’s application for an extension of time up to 30 May 2017 to submit the Circular to Bursa Securities.

This announcement is dated 17 May 2017.

30 may we will see some movement in this counter, hope it move up. Its about time..

Hope my pridiction will come through next week,, i guess up all the way to at least 0.48.

We will not know how much hibiscus share can go up, but as per current report, hibiscus avps is RM 0.520, this was based on last quarter result, if next week the result ar good as predicted, the avps or naps will be at least RM 0.580.