well yes and no they are scammers, if they continue pumping the money they are scamming from the market into the company, then ok, but if they are just carrying out the scam of the century, then shit for all of us.

But they involve ppl like Lionel of Ezra & Perisai, Arumugam of GE, so i dont think they are scamming just to fill their own pockets. They need cash but they are unwilling to use their own cash.

Also Rex has largely failed, and they were really banking on that technology ( heard from somebody they got conned ), and the Australian assets they bought, they bought at too high a
price.

Kitan was also very high, hence they abandoned it, BUT ANASURIA is diff, there's potential there to earn a small profit to show cash flow, and ride the oil upside in 2017 if it happens, hence they are caught in a really sticky situation, they need Anasuria, so they had to screw the mkt and also dissenting major shareholders, or lose Anasuria, as they need the funds to subscribe to their own placement.

Use other people's money to make money lah!!! Remember Ken and Izzet are Sapura boys, they were behind/part of the goreng of Crest Petroleum frm 0.30 to RM 30, that is what gave Tan Sri Sharil the cash and money to build Sapura Oil and Gas.

Just hoping

Hi necromancer,

Ur a good finance writer. Almost believable but u and me know that is not entirely true. Somebody got hurt real bad to Quote: Russel Peters

Now about it being intentional, you're right there. Neway I would still buy Hibi because now I know the owners are smart and ruthless, last time I knew they were smart and honourable.

It was a very nicely executed plan all within the confines of the law and authorities. Mly stock markets are easily rigged.

I am just going that Ken has not changed that much to not care that hard earned money has been put into his hands by ppl who trust and believe in him.

great baljit is buying back

because they are trying to correct their initial exuberance which was buoyed through the global oil sentiment and easy money raising exercises they managed to execute.

Now its crunch time, companies which actually know the corporate o&g world will maneuvour themselves out of this.

Buying assets is small money compared to exploration but cash flow is important.

owners are commited to hold this price so somebody is taking advantage to liquadate

nobody is buying, some large investor is slowly selling, because of impending dilution, but the positive is the dilution is to purchase a producing asset which in turn will give them cash flow and higher valuation in the long run.

most oil majors are reevaluating their assets and streamlining their portfolios to conserve cash and build cash reserves to maintain their dividend policies. Read up on the strat of the oil majors.

Smaller fields with less then 100 mill reserves are being divested around the world, but this does not mean that this assets are not money making or valuable to smaller oil companies, and this is exactly what this field is to hibiscus.

This field will give them cash flow something they direly need to continue raising cash among their core investors. They don't need us small investors at this juncture, they need high net worth
individuals to continue supporting their plans.

It is not if, but when.....oil rebounds this assets will have higher values attached to them and prove to be more profitable to hibi.

As currently, i believe this field is money making otherwise they would not buy into it, remember hibi is not looking to create their biggest value through producing fields, their exploration activity
is suppose to take care of that element of their biz.

This field unlike Kitan also gives them invaluable experience and track record as operators, in the oil&gas field your reputation and track record especially with safety goes a long way towards securing drill concessions and licenses in the future.

Up and until this purchase, i was losing hope and quite worried that the current slump had done them in, especially since their QA assets seems to be a failure, ( Lime's licenses thus far has not yielded results, except for the small discovery in Oman ), but this asset seems to be the all important turning point in their story.

Remember one thing, this assets not only comes with producing fields, it comes with infra, equipement and the FSPO, all in all a very good deal. Bear in mind a offshore exp well dig is a costly affair, here all the capital expenditure has already been incurred, and together with the hard assets, they are getting the oil for next to nothing.

I may be wrong, but i am pretty sure i am not, and i will be back to gloat in two years time when oil starts to recover, ha ha.

Neway guys, if you do intend to become their investors, remember its going to be a very long term ride, but it should be an exciting ride, please also do lots of reading into the industry and their practises, pay special attention towards the life cycle of oil&gas exploration companies and oil producing fields.

ha ha......guys it feels good to be right......neway will follow up with further news......hope ppl who recognize my nick bought when i posted two weeks back, i am just really sad that my additional funds did not come in for me to add to the position i am holding.

By the way for the record the last time it spiked i wrote about it just before the spike and when it slumped, i also wrote about it.....approx a month before the slump, i have deep respect for Ken Pereira, he is a very hard working and intelligent guy. ( check 2013 chat logs, i switched out of hibi to buy Rex in Nov 2013, not saying that was the best decision, as Rex did nothing for months, but at least Rex did not do that crazy slump and prop back up and slump again )

It helps that he is known to ppl around him as a stand up guy, who knows what he is doing and is a savvy deal maker. From when we first met, he impressed me as such calm and cool character, with brains to go with it.

interesting....small spike in vol, and last two days it moved at last.....could the aussie dig attract interest....

kmohan62......i am not going to get into a mudslinging contest with you....like how the other forums have been taken over by ppl fighting instead of sharing info.......neway check my history
of comments, they are always accurate and almost to the point, because i only comment on companies which i know the play or the owners personally......as for mieco i have a long history of biz dealings with them so i am bound to shut my mouth in this case. hence my point.....Do your research???? is that so bad a piece of advice???

Its the first time i have seen your nick in this forum, so i believe your a paid promoter working for the family, am i not right??? Ha ha...u must be a little panicked now, don't worry i will not spill the beans of your game plan, just trying to save ppl their hard earned money.

yes its tightly held......so the only way it can reach the daily vol which its been hitting is by selling and buying to one's self. fake vol, left hand....right hand action

what a joke.......this is like 1mdb story......full of keyboard warriors who don't know squat......

its simple......do your research.....anybody who is really serious bout this comp......

what if i tell you that ........ u know what, why do i even bother......not like i benefit from warning you guys.....will just come back later to tell you.....that i told you so..............

hmmmm.......wonder whether i am feeling rajin to share my thoughts on mieco and save all of u some cash

how long is it going to take malaysians to learn that in Malaysia almost all stock plays are rigged.

All you so call experts post ur opinions based on what data, research and investigation? Just because some ppl start promoting a stock, and a research house joins in to promote it, thats enough for u to spend your hard earned cash.........

Not hard to just do some background checks, some anonymous writer says that institutional money is buying into the share and you guys believe it???

Ha ha, save ur money lah guys, buy well run companies.......

their last quarter profit was engineered............trust me.............

why dont u guys get it, hibiscus have 10-12 major shareholders, they are not selling in fact they are slowing adding to average down their entry cost, hibiscus mgmt have said time and again that this investment is not for punters and short term trading, it is at best mid term to long term investment.

They collect money from their private shareholders, where for the investing public pain?

Money is being raised through private placements, not rights so what is the big deal. It takes O&G
companies at least 5-10 years to bear fruit, left to be seen whether Ken Pereira golden touch is still with him or has left the building

hibi moving

o&g counters always take time to flourish, if you look at western o&g companies they took decades to grow to where they are right now, what i am saying is the life cycle of o&g investments take time to bear fruit, because in essence its a commodity driven industry which always have its up and down, now mgmt strength will prove the key factor of where this share price goes..................

its about to move.....something brewing........vol picking up.....

Frustrating Counter

ancomlb has almost doubled in the last one year from 11.5 to 19 cents, wats brewing, but why is ancom not moving..........

something is finally brewing......guess is sale of loss making assets and rto media assets into ancomlb

did anybody read the edge article on ancom poss listing their media assets, pls send me the link

maybe bones recommendation not bad after all. Major shareholders should pay more dividend, not be so stingy especially after collecting from ALB through the sale of their sub- STL.

thank god despite the sale of the subsidiary there was improved numbers all around including positive cash flow and healthy cash balance at the group level. For a thinly traded company, the major shareholders buying into the company is positive, especially on their outlook for their company, hope they try to outbid each other in accumulating the shares.

at last start to move up again, hopefully it does a higher high

brought tears too a lot of ppl which watched it....tears of pride mind you

starting to wake up again, chartwise quite nice

james7898......my god man how wrong you are.....the ppl behind this share has everything planned, just look at every corporate announcement and the timelines and you will be able to read into the mindset of the owners....but i can bet you one thing, no way will it be PN 17 in a million years.

very nicely done and insightful, thank you....dnt like insas thou as they are more into rewarding their own shareholders....if that changes then this is a good company with solid old world biz and tech biz mix.

Listen to FP and Ganasai, both are similar in accuracy and closeness to information, last part of the 2nd round is so accurate my friend.

not bothered bout commenting too much but pls do revisit all my past post....its very clear on what their game is...go read a book by Jeffrey Archer, NOT A PENNY MORE AND NOT PENNY LESS....A book i sent to Hibiscus headquaters in NOV,ha ha

skylte is correct....i am back guys.....not many believed when i said that we tested this counter all through oct and nov, cried when missed the spike and push down in dec but vested into rex instead, now rex will go up more as they own 65% of the asset and they own the tech, now the tech becomes more credible and add value attached to rex, now i laugh to the bank.......lets watch wed, damn US mkts is dampener lah...

through sklyte.....smtg brewing....rex dropping, either no oil so there shorting by insiders and malaysia distribution, or pending exploding upwards with good announcement

fingers crossed...but i think this time it is poss that they will hit....only worried bout the huge cprs as its in their best int to make sure the price does not go up too much so that bursa gives final approval for the placement at 1.80........

Heloooo i am back, not much fighting going on. good good, neway i think just maybe, just maybe they will hit this one, call it gut instinct and fact that internal news leakage has stopped.......silence means something brewing...

No use, the whole of Bursa is like this, why you think investors are fed up, bloody clear manipulation, Dsonic and Inari is clear examples, any fool will see that it is manipulation, as long ppl make money...keep quiet...then lose money time all the complains will come out.......Hibiscus will woo the market all through 2014, by the end of next year...you mark my words everybody will be in love with them again....malaysians have short memory

Hey guys, go back to every post of mine, i gave you guys exact info but ppl still choose to speculate....if the second well detects oil which can be extracted, rex will fly.........

positive for rex

oil is there but can't be extracted

so once again i am back.........go through the threads except for when i sold hibiscus to buy rex, i outlined the entire 3 month trade, right up to last week when i warned about what goes up must come down....

fortunebull so how is it??? mine three calls performed, very sad i sold out of prlexus and hibiscus earlier in nov but needed funds, perisai is stable and nice. Hibiscus i am mad i sold out so much in nov, but rex is next and i am loaded. how are the naysayers now, neway beware there is another play for hibiscus, what goes up must come down, now just ride lah.

young man i respect your tenacity in preparing the above charts but making a clarion call without going through the cycles of murphys law in markets is a bit brave,wish for all us traders..... your right, and i would shake your hand gladly, but remember when you create a following your responsible for your calls. Happy Trading Guys, Look at Rex Oil chart. Interesting, fortunebull whaddya think???

i think there is a trading opportunity in the next three months if markets hold up, nap might suprise a little, a wee little.

drb is the owner right?

simple lah...investment bankerss ask you to book profits next quarter so as to weed out weak holders and they can accumulate, then in return they help push up the shares, guys learn the game, its a ssimple tried and tested pattern to how investment houses make money, by conning us!!!! so be one step ahead, do your research and believe in what you buy!!!little little dnt panic le.....

yes they value long term investors and yes all their friends( proxies ) hold the shares, just a bit sad that switched out at the wrong time to rex, but at least proved a point, sold half a block and price still held up

moving, shit did not read that aussie asset got nothing to do with rex, haiz

Dato Kim is right, dont like the private placement of 500 million shares, its a huge backdoor entry, not calling a rights issue might be regulatory issue for a SPAC, nt sure whether they can tap general mkt for add funds, but still 100% placement is high, and it leaves minorities at a disadvantage. Yes, i decided to sell across my portfolio's, rex drop a lot since peak of 97 cents, almost 35% down from that price, look at that instead.

So why does nobody comment and give razali a pat on the back, in the malay and further to that point.... muslim culture it is diff to speak out against the crowd and to push the norm, so when sumbody does it, we should be supportive...haiz, we malaysians!!!