N1 now lose as book value RM4.7mil (Asset since 2011 depreciated and 43 yrs old) , Schedule docking unavoidable USD35 mil. No contract insight. Cash flow and maintenance issue. Not right decision??

icon down 9 cents and umwog up 5.5 cents b4 suspension...AMMB say deal off recommend tp 80 cents.. hope PNB will take care of us minority share holders and let the share price recover...good announcement pls..

Dnex good revenue and major profit comes from write back and revalue of O&G assets. Followed by Opec cut. The price start showing gradual uptrend in August 2016 and real move in Feb this year after announcement of their IT Gov projects just before the result announcement and rise in KLSE .The timing is ripe for major uptrend due to many positive supporting factors.
I wont argue on the diversification of their income source and their core business. What im pointing out is that there should not be a major issue on oil production in Anasuria which also contributing to Dnex income. Look at the improvement on revenue since Anasuria contribution actually doubling their profit too. (The result thus far is without the eWork permit).

As for HiBiscus with Anasuria quarterly revenue tops 31 mil, 54 mil and 62 mil for consecutive quarters with oil price at 40 to 45 USD. Although now they only depend on one source of income but news also on the way for Sabah Shell deal. And with continuing supporting income i believe this management team can improve and also clinch new source of income real soon.

I cant say the share movement will be like Dnex but i do believe the foundation is slowly getting stronger. Lets cross fingers for major announcement soon.Thanks.

If i remember correctly BA share defy logic. Even with huge impairment losses still its share price holding firmly. BA performance depends heavily on EPF and Fund managers dealings. However due to the in coming good news from on going projects, i dont think the price will drop much like before.
Any negative news will hardly affect it now but positive news will move the price up faster then you think.

HIbiscus is one O&G counter that is more healthy then most of other O&G counters in Malaysia. No debts positive cash flow, have no limitation to grow and invest yet (with new loans if necessary), good experience management team (Strong relationship with Shell) and in profit performance. They are confident in achieving profit performance as long as oil price is above 30USD. Currently have good direction is terms of further plan expansion at Anasuria Uk North Sea and expectation of conclusion for Sabah Shell deal this year. (More projects maybe in the pipeline)

Its share price may consolidate due to negative oil price performance like every O&G counters that is beyond their control and affecting investor confident.They are more concern on cost.(Anasuria production cost at 18USD) However look at Dagangnet which own 30% of Ping Petroleum which co-own 50% of Anasuria, its share price is going up means there should not be major problem regarding oil production there.

If you a contra player then there maybe a risk buying this counter but if you an long term investor i do see there is a strong possibility of successful investment to a young and potential company in the making. They are not chasing to cover previous losses like other company with short terms, long terms and bond due debts but gaining momentum in making progress profit.
The entry point is where each and every investors may get in differently but the end result of future share price appreciation will cheers us investor up. Thanks. Just my opinion. Not a recommendation to buy.