Anasuria..... It already start profit for more than a year...

newest presentation slides from hibiscus:

http://docs.wixstatic.com/ugd/6a7e03_14e4be78341a4595a7876ba08a889131.pdf

Haiz, if found the warrant unfair then just sell it lo. Complain here and there not going to help

With trade wars happening, brent crude might actually benefited by it.
US is now a crude exporter, with tariff everywhere now, other countries will stop importing from them.
Thus switching to another oil exporter. The gap between brent and wti will become bigger.
Will brent goes to 100usd? hmm, time will tells and it will take years to happen if it going to be. (Personal's thought is that crude will float around 80usd for quite some time)

But well, it is just some random guess.
Seems like O&G, gloves and financial industry are the last 3 standing now in bursa.
Gloves tank because of Topgloves' court case, banking tank because of unclear gov's strategy.
O&G all hopes on you now, lol

Only Q3 result is out.... Tunggu Q4 out only have annual report la

Have to be patient i guess, market sentiment still bad and many people still not really confident yet with O

Jayc, your estimation is based on how many crude oil sold for north sabah? Coming quarter should have 2 offload which will bring the oil sold aroynd 500000 bbl for north sabah

Newbie8080, hibiscus is a still growing company, will spend money to develop anasuria and north sabah. Share buy back is not their priority now

@burdoc, at hibiscus faq webpage.

Great, hibiscus faq reply. The 5674bbl is what hibiscus get from north sabah so it really is trading at around pe of 4 to 5 now

? why out of no where hibiscus forum become a place of war between rchi and anonymous?

I guess that is the reason of hibiscus cant move higher in short time, coz too many retailer inside and takes profit as soon as it move up a bit

JayC, dont think it is such a simple math to get the negative goodwill.
Most likely the negative goodwill is contributed by re-evaluation of the asset value (crude oil 2P & 2C) based on the recent brent price and also some contributed by the increase of oil sold revenue in last 5 quarters.

Lol, just realize hibiscus not even in top 30 active stock.
Guess it is in consolidation phase now

really low volume today

Hmm, you prefer to have a forum that full with shouting, condemning, fighting and also rude to whoever comment in here? Lol

nowadays goreng goreng getting shorter and shorter. Fiercer and more aggressive.
Music chair at barakah stopped playing, those who get at high price living inside a nice bungalow now

Looks like no omph today for OG stock. Even barakah and icon also not much movement.

@ EZmoni, i thought u bought hibiscus when it dropped to around 80c last time. Lol.
Okla, steady a bit. Hibiscus should be rm1 and above. Cheers

Wah, so confident by all in in hibiscus. What is your average? Still in red?

Everyday up 1c steadily i think is good enough. Then one more week can reach rm 1 haha. Just need a bit more oatience and love

Ezmoni, going to short it tomorrow? Haha

It seems today is Sarawak OG theme play. All sarawak based stock (icon, dayang, perdana, barakah) are having huge gap up

Haha, it is ok for hibiscus to just up slow and steady rather than like sapura or barakah. Which too much goreng goreng

haha, hibiscus seems being forgotten.
Barakah limit up today, hahaha

@Newbie, @ JayC

50% difference is way too much for an error.
Guess it really worth to dig in deeper to know what they are really reporting in the QR.
By the way, i just dropped an email to Q&A of hibiscus, hopefully it will clarify on it.

@Newbie
The average gross oil production had to be divided by 50%. yes.
But i am curious on the net oil production, is it a net amount that belongs to hibiscus or will need to be divided by 50% as well. Same goes to the total oil sold. Didnt get those answer in the QR report.

What do you think?

JayC, petronas is contributing high tax to finance malaysia gov.
Anyway, aint that good in tax thingy, it is really too hard to be predicted.

Sorry, looks like i have to do more in depth research to cross check with my calculation.
Some doubt in head :
1. the North Sabah oil sold in QR report is 50% or 100% of the PSC?
2. The OPEX per bbl is calculated based on net or gross production?

Hmm, anyone please answer if you have the answer.

JayC, i guess it really depends on the tax. This is something i am not sure what value to be put in as we still do not know how north sabah taxation will be like.

ah wait, is that 5674 bbl/ day from sabah have to be divided by 50%?

wah...gonna close red today?
Selling pressure is so strong all of a sudden

Lol, if you guys are happy to have small earning then feels free to do so. Hmm, or that might be the reason why hibiscus always drop after RM1

I did sold part of hibiscus last time when it jumps to 60c, then it goes all the way to 80c and later to RM 1.1. Which i still regret of doing so until now

Which then taught me a lesson that dont ever time/ predict the market.
As long as the stock still growing and fundamental still intact, then we should not sell till it is fully valued or overvalued.

Wow, CA free fall.
Call warrant from security films really high risk.
By the way, no point to shout here. It is willing-buyer , willing seller basis. If u wan to play their game, then have to accept those unfair condition.
If really wan to, then can report to Bursa. shouting here just wasting your own effort

What is 5MD? I guess is some trend line of technical analysis?

Volume not high and keep going up steadily is not bad la. Plus there is always once up few cents then suddenly huge selling to make it back to opening price. So what to do

Ya, possible. But those who still buy in daughter, really confident that mum can go to 1.5.
Lol, more confident than those who holding the mother.

The gap between mum and daughter just closer and closer. Before that is around 90c vs 30c now is 93c vs 50c, lol, from 1/3 to less than 1/2 now

Lol, daughter up more than mum again.
I think one day daughter and mum will be same price some day.

Volume is not really high today.
But it shows a really good stepping up actually. If it can maintain all the time like this, then what we need is just a bit more patience

all of a sudden, market so active. all green on OG stock

It was from a local chinese newspaper article :
(By the way, the title really bluff the uncle aunty who didnt go in deeper into the QR. So really cant trust on all these newspaper stock article)

http://www.sinchew.com.my/node/1762295/净利暴增12倍‧大红花石油不起反跌


12% increase in net profit ‧ Hibiscus fall rather than rise

The oil-producing countries intend to increase production and lower international oil prices. The original situation of the big oil company (HIBISCS, 5199, Main Board Industrial Product Group) is facing selling pressure, and the stock price is losing ground.

In the middle of May, Hibiscus dropped through the midst of the RM1 ringgit and eventually fell back. On Monday, it fell to 87.5 cents on the 28th with the drop in oil prices, and it rebounded to 90 cents in the whole week, dropping 5 cents or 5.26%.

Under the boost of North Sabah Assets, Hibiscus’s turnover increased by 8.92% to RM75.42 million in the third quarter ended March 31 this year. Net profit surged 12 times, from RM6.48 million to RM83.13 million. .

For the first nine months, the company achieved a turnover of RM20,97.77 million, an increase of 12.26% year-on-year, and a net profit of 7.72% to RM10.496.10 million.

Hibiscus Petroleum said that it will focus on integrating its North Sabah operations to further reduce production costs.

In addition, the company also plans to launch the GUA-P2 project in the fourth quarter as scheduled, thereby increasing the output of Anasuria oilfields and increasing it to 5,000 barrels per day in fiscal year 2020.

@EZ moni, last few months ago when oil price drop from 70 to 60, people also claimee oil rally finish. But later it rally all the way to 80 usd, so nobody can predict when the rally ends. Not even those crude oil analyst. Sell if you want as it is your own judgement

Haha, i also surprise to see paper sifu comment here

what a rare situation, mum up but daughter didnt follow.
Sometimes daughter up more than mum, haha

https://klse.i3investor.com/blogs/PublicInvest/159383.jsp

From public research :

We continue to see value in the small- and mid-cap space, and retain AMMB Holdings, Hibiscus Petroleum, SKP Resources, Mega First, N2N Connect, Yong Tai and Perak Transit as core holdings in our 2018 suggested portfolio. Chin Hin Group and TRC Synergy are dropped given the less sanguine outlook on construction-related stocks. Also, Johore Tin is removed due to its inability to manage and fully pass on rising feedstock costs. In their places, we include CIMB Group, Telekom and Tenaga Nasional given recently-pronounced share price weaknesses which has made valuations attractive.

Hmm, it you knew that he scare the people in this forum so he could buy in cheap, then you will not so trust him so much anymore.

Haha, @ Ozzie, not a big fans of technical analysis.
Especially donovan's estimation is too good to be true every time. So a bit conservative from it.

Man, they spent so mucj efforts to bring it to 80usd and just one randol thoughts that give it a almost 10% dip

Hmm, opec must be shocked by themselves after they test the market by spreading runours on increase production. Now change mind 180deg and will last continue the cut till end of the year

Lol, pb report is out and they maintain the tp at 1.08