Read today UTUSAN paper on MH370 , very scary the Aussie theory / speculation..................................

We see what happen this week. I hope it is positive..................

Conclusion - those who warned you guys immediately AFTER the announcement on June 6 when the price was 62 cent to SELL and get out were CORRECT................You guys should have listened..................

And now after you sold and if you still believed in Sona has potential for upside at these levels, you guys could have bought back at these prices or lower...............

Simple theory,,,,,,,,,,,,,,,,,,,,,,,,

It's better to cut loss and come back in at a cheaper price........................no point being ignorant and holding on to something that is dropping like a falling knife................

Still watching and learning......................

almufathal - 12 cents is out of question for our national carrier. Can look at collection on dips below 19 cents...................

happytradingz - Brazil win at least by one goal. Othewise massive riots in Rio...............................

Today's announcement....

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1669853

Very Interesting.........

Last time announce on June 20, 2014 acquired company (Timor Hibiscus Limited) - then bought producing asset in Kitan, Australia of 2,500 barrels / day from Talisman.

Today announced bought a Malaysia company - what they buying in Malaysia? Lets see.....................

I will watch and learn this time..........................

So conclusion - any upside? This counter looks a bit gloomy now....................

Typical buffet lunch but it was tasty and superb, just next to the AGM room................

Bone - no flowerpower - saw bungaraya presentation yes... ha! ha! a lot of questions from 2 elderly persons - 1 guy and 1 lady both Chinese...........................

Patience is key........................

hotshotinvestor - noted with thanks...............

Lunch was superb.......................................................

When AGM for CLIQ.............................

Buy on dips............................

Good to know the share price is at 1.59 and moving North. It doesn't matter what others say. Today's AGM more clarify will come out. It is the only counter that has performed. IPO 75 cents, now 1.59...............................

I sure hope I am wrong but doesn't seems like it...calm before a perfect storm. Any delays are bad news.........................

Optimusx8888 - thanks - must have conviction entry exit points. Don't hesitate. Not necessary you get the highest sell price or you buy the lowest but end game you make money, that counts.........................

Waiting to start my re-loading at staggered basis. Below 19 cents............

Press Release: HIBISCUS TO DRILL WELL IN SHARJAH IN 2015

Company receives nod from Sharjah Government for concession extension to drill well

Lime Petroleum will commence drilling programme in Sharjah offshore block by Q3 2015

Well management contract to be awarded in July 2014 while environmental and site surveys are
scheduled to be completed by January 2015.

See details ........................................

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1666773

Pattern wasn't convincing today - sold all. Agree with Optimusx888. Looks reversal. Good luck guys. Will buy back later when it stabilized for next round.................

I am out now. Offloaded this morning. Will wait for it to test 28 again and pick up below this levels...........................................

Sold all today. Good luck guys.................................

Ring - is the signing on or off tomorrow.......................................

Idea is when it is up - offload, down - re-load. Especially when on play with such heavy volume........................................

Buying back again soon..................................

Pardon me........I meant to say " Only 206 shareholders holding loyally the main majority up to 93% of the total shareholding of Hibiscus. This is up to May 9, 2014 and this could have increased now.........."

Waiting for my next target now. 90 cents. Coming soon...................

Sleeping again. Will hold and wait until mid July.................

Good to see the upswing after a long spell of hibernation. Finally woke up. Plan to sell some once broke 38 cents.........................

Precisely the opposite. Supply and demand. This stock demand is high. This is the reason for its price to be at 1.6 now. Look at Sona and Clliq. Its already on its way to becoming a star as without any borrowing and internally generated funds, they have come this far........................


Wonderbar!! Anyway AGM on 26 June. Would be lovely if they take it private..................................

Ha! Ha!

IDon't get it. If you don't understand this counter - don't buy - be happy about it. It is not for you...........

1. 203 shareholder holding 352,640,499 million shares (64.33% of total shareholding of Hibiscus)
2. 3 shareholders holding 155,717,859 million shares (28.41% of total shareholding of Hibiscus)

Simple why volume traded so low. Only 204 shareholders holding loyally the main majority up to 93% of the total shareholding of Hibiscus. This is up to May 9, 2014 and this could have increased now.

See page 162 of the 2013 annual report. The link here:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1646665

The counter has no more room for speculation as over 93% control by big investors.........................

When you guys read - ready the whole sentence.

"Under the deal which was executed on 23rd June 2014, Hibiscus Petroleum will acquire Talisman’s stake of the oil field with an effective date of 1st January 2014 with all existing assets and liabilities as well as absorb the risk of well projects to be executed post-agreement, upon completion of the transaction."

IT means - whatever has been decided (in terms of decisions) since January 2014 till the date of signing - anyway - watch the price of Hibiscus later...................

Clj Jun - compare the price what Hibiscus purchase the acquisition and what SONA is trying to do. Hibiscus bought 4.25 million barrels at USD18 million. How much is SONA buying at? And on top of it SONA is borrowing money and will have no more money for next two years to do any more deals.............................................

USD18 million paid to purchase producing field that give Hibiscus 2,500 barrels of oil per day from reserves of 17 million barrels. Can any genious here figure out why SONA did such a bad deal...................................

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1663317

Producing 2,500 barrels of oil...now generating cashflow right away! WOW!!!! WOW!!! WOW!!! No need to wait for OMAN oil to flow or Australia oil to flow............................

Sona in trouble - Hibiscus press release today - Already signed agreement producing 2,500 barrels oil without any borrowing and with so many other assets in Norway, Australia, and Middle East........................

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1663317

You guys here jokers! Look at Hibiscus today - Suspended even before opening trade on Monday. Something good coming soon.....................

Hibiscus suspended!! Something brewing. Must be good as AGM around the corner......................................

Correct! Correct! Correct! Right! Right! Right! But very philosophical though............

King of Stock - BUT you say this morning..........." today 70% sure up". What happened...............................

Netherland sure win - but by how much...already win big against Spain. May take it easy don't want to risk injury on key players................

Guys - common sense will tell you the whole pricing doesn't make sense. Warrant 28 cents. If add 35 cents for conversion price mother should be 63 cents and not 51 cents. Trying hard to hold warrant, but for how long.....................

50 Cents coming soon. Maybe this week or next...........................

Opps sorry 40%............he! he!.....excitement of money! money!..............................

SOLD...........................another 45% holding..............................

To que another 10% at 25 cents. Money! Money! Money!..............................

What is world cup got to do with SONA? What is sharks got to do with SONA? I am now selling another 10% of my MAS.. Very good trading day today..................................

Isnt ths Bank BNP whatever got big lawsuit of USD10 billion from USA ongoing? How..........................