https://youtu.be/Hf2TaSimVks

Above link explain about what is EV ECOSYSTEM which Tawin is currently pursuing into.

The time of this acquisition is perfect.
Indeed a very good management team we have in Hibiscus.

Likely is triple...^ ^

Yes Bursa approved the extension.
As Monday is public holiday Tuesday will reopen.

Good price.Should be positive tomorrow.

Base on previous acquisitions only 1 day suspension.

Maximum number of acquisition from the CRPS are 3.

The CRPS will raise total fund of RM2 Billion.
Maybe sill have money to buy Exxon's assets at Peninsula Malaysia.

But energy consultancy Rystad told Energy Voice that the sales value of the assets is estimated between $250 million and $300 million.

_Means if tomorrow announcement the price tag anything below RM1Billion will be a good buy?..

New TP by IB:
PBB - 76 sen
AmB - 85 sen

Next result is for Q3 (31.3.2021).

Maybe by July the price will BOOM

Malaysia ready to offer handsome tax incentives for EVs: MARii

https://klse.i3investor.com/blogs/savemalaysia/2021-05-20-story-h1565155361-Malaysia_ready_to_offer_handsome_tax_incentives_for_EVs_MARii.jsp

The money raise from this right issue (around 150 million?) is for what new project?

1) The Right commence of trading : 7 May 2021
2) The Date of Despatch of the Prospectus and Provisional Allotment Letter of Offer : 10 May 2021
3) The last day and time for Acceptance, Renunciation and Payment : 25 May 2021
4) The Rights cessation quotation : 18 May 2021

If you don't want to subscribe the rights sell off the OR at any price as after 18th May it is worthless.

Earning per share diluted due to additional shares from conversion of preference shares. Price won't go up until there are new acquisition of new assets that can contribute additional profits to the company.

The above was sent to the shareholders' personal email.

https://protect2.fireeye.com/v1/url?k=4b1e7323-15533efe-4b1fa0ce-000babff757a-20116f100560ec8d&q=1&e=4f78837d-e7e1-4f3f-912a-eae139a99263&u=https%3A%2F%2Fhibiscuspetroleum.us2.list-manage.com%2Ftrack%2Fclick%3Fu%3D733371612371c9595d2a2a631%26id%3D2ab6ce3f5f%26e%3Da4a0d7bfaa

Post removed.Why?

@Smarttrade

Can you share the Oil market report?

Buy the warrant (SAPNRG - W).Percentage increase X2 as compare to mother share.

https://oilprice.com/Energy/Energy-General/Heres-How-Oil-Could-Skyrocket-By-138.html

Add me .Thanks.

Lord B Hibiscus's OPEX is at 13.64 and 22.64 per barrel. Russia's OPEX is around 42. Saudi is also around 20 per barrel.

Yes , you are right. Now see who blinks first.

Can see the management is prudent. Hope will go thru this period stronger...

Lucky Hibiscus didn't buy any new producing assets as planned....

If it is force sell now is the
time to pick at the cheap...

But there are 15 months before the expiry date. Not logic to sell now due to the depressing price.
I believes it is force sell because of margin calls by banks.

If those who have pledged the warrants as security no longer in the list mean they have sold due to margin calls or otherwise.

Where can we see the latest 30 largest shareholders warrant holders?

My 2 cents observation.

Similar price pattern as JAKS when 1 super investor was forced to sell due to margin calls by banks last year.

If this is the case the price will bounce back after the force sale period is over.

Hibiscus - WC dropped >30% with high volume for the past few weeks could it due to margin call for some of the warrant holders?
From the Annual report 2019 - 30 largest warrant holders most have pledged to banks as security.

The director's Dato Razali Merican is he related to one of the MP?

Just my 2 cents opinion.
Sorry maybe watch too many movies...haha

Who will benefit to keep the share price low??

Conspiracy theory - If the mother shares price is below RM1.12 until March 2021 , the warrant holders will not exercise the option to convert the warrant to share. Hibiscus will not get the warrant conversion proceed of RM 300 - 350 million.
Hence need to borrow money or find other fund raising alternative (private share issue again?)

DK66 You re most welcome.
Thank you for your articles.
I have read all of it.

Hope the Sifu like Teoct....etc still with us at Hibiscus.

During last year AGM this forum very active.
This year very quiet.......

Those who accepted the offer at 5 sen three years ago can complain to Securities Commission?
It was mentioned in the Offer letter that the company intend to delist the company from the Bursa.
In a way it force the minority shareholders to accept the offer.

The Silence Before The Storm In Oil Markets
https://oilprice.com/Energy/Crude-Oil/The-Silence-Before-The-Storm-In-Oil-Markets.html

@Anthem2.
Totally agreed with you. Hope we are right.
Guess something to do with the funds raising exercise that they expect to announce 6 months after the Q2 result was out...count down to the month of August.

Maybe change of strategy as many good announcements also do not move the share price upward.
Now announce lower target at 12K. Before 2021 ends announce able to achieve mission of 20K , share price sure sky rocking!
Share price must move up if not warrant holders will not subscribe the shares. Company needs the 300 million+ for expansion.
My personal view @@.

Thank you @DK66 for your valuable information and thoughts that you have shared in this JAKS forum.
You are similar to another person @Teoct at the Hibiscus forum....haha.
We get a lot of information from him at the Hibiscus forum and really appreciate it.
Below a link see if helpful to you or not. Again I appreciate what you share in this JAKS forum.

https://oilprice.com/Energy/Energy-General/Vietnams-Energy-Dilemma-Is-About-To-Become-A-Crisis.html

@Dericlock.
Ya ,I also came in around early 2017.
Already 2 years now.
Good luck to those who bought early...

@Dericlock.
I have changed strategy take out 20% of the portfolio sell and buy back , follow the trends. See if few turnaround can earn some extra returns..\
Still keep minimum 80% for medium / long term.