Hibiscus also a good proxy for O&G counter. Profitable and cheap.

So cheap yet can make so much money why nobody want? Let me sapu more. Even IB give TP 42 sen.
http://www.bursamarketplace.com/index.php?ch=ch_themarket&pg=pg_tm_stocksss&ac=2317

RM 5 coming.

RM 1.10 coming nice.

http://www.theedgemarkets.com/my/article/hibiscus-winding-application-lime-driven-improper-and-self-serving-motivations

mushashi can you answer why are you only here and not promoting your counter?

Hibiscus claims US$35m compensation from Lime Petroleum

Posted on 5 April 2016 - 05:37am
sunbiz@thesundaily.com

PETALING JAYA: Hibiscus Petroleum Bhd's unit Gulf Hibiscus Ltd (GHL) has claimed compensation of US$35 million and above for financial losses suffered by GHL following the restructuring undertaken by Lime Petroleum Norway AS (Lime Norway).

It informed the stock exchange yesterday that it filed a complaint to claim compensation to the Oslo Conciliation Board on April 1, 2016 against two directors and a general manager of Lime Norway.

The complaint was made against Lime Norway directors Hans Ove Leonard Lidgren and Svein Helge Kjellesvik and general manager Ivar Aarseth.

"The above complaint against the Lime Norway directors and Lime Norway general manager falls within the scope of the Norwegian Companies Act, Section 17-1 as those individuals are among the primary perpetrators who contributed to the damages suffered by GHL as a result of the defendants' failure to fulfil their general duty as directors and general manager of Lime Norway, particularly with regard to their conduct in relation to the actions taken to effect a substantial dilution of Lime Plc's shareholding interest in Lime Norway under the restructuring undertaken by Lime Norway," Hibiscus said on Monday.
http://www.thesundaily.my/news/1749902

Petronas bars TH Heavy Eng subsidiary from future tenders
http://www.thestar.com.my/business/business-news/2016/04/04/petronas-bars-th-heavy-eng-group-member-from-bidding-in-future-tenders/

If already bought just hold. Likely remain sideway until oil price jump or further oil discovery news.

Posted by fook87 > Apr 3, 2016 07:02 PM | Report Abuse
i_investor, any opinion about this counter?

People buy 30-40 sen, I buy at 20 sen. See who make money first, hehe?

Oil up today buy more when haters sell cheap.
http://www.bloomberg.com/energy

stocksyndicate last qtr or earlier oil producing Anasuria not yet contribute because purchase only complete this qtr. Expect profit in May qtr.

Won't drop w/o reason. If check qtr report plantation remain a drag with heavy loss.

Oil up today. Time to sapu more when haters sell cheap.
http://www.bloomberg.com/energy

People in stock market really funny. When cheap nobody want but when expensive everybody chase. Buy low and sell high is way to make money not buy high and sell low.

Anasuria profit=4000(barrel of oil production per day) X 365 X 10 (USD 40(oil price)-30(prod cost)) X 4.03(USD ex rate)
= 58.838 million a year
PE(20 sen)=220.558/58.838
=3.83 times.

Oil up today.
http://www.bloomberg.com/energy

Depend on oil price. If drop lower then TP lower. If stable at USD 40, TP 30-40sen is possible.

Posted by JediMaster > Mar 13, 2016 10:03 PM | Report Abuse
Any price target for Hibiscs?

Now oil only USD 40/bbl. What happen if oil USD 50, 60 or 100?

Where oil got shrink?
http://www.bloomberg.com/energy

Posted by derrickinvestor > Mar 12, 2016 10:23 PM | Report Abuse
hey guys! can hibiscus continue up if Oil were to shrink again?

Lesson learn from Coldrisks about Fam Jenny.

Posted by Coldrisks > Mar 12, 2016 03:56 PM | Report Abuse

Fam, My goodness, i just came back from outstation and have a look here, cannot tahan seeing your post. You are hopeless lah, don't understand what I said, some more boasting about your background and preach again!!! I already told you even if you give me money, i also don't want you. Even crazy simon333 is scare of you, he rejected you that day right?

Why all your posts are flagged? I think I am not the only one who is unable to tolerate your preaching. Girl, most of johoba members are female right? Let me tell you, most people in i3 are man, so you should know what i mean lah. if you don't go ask simon.

Sorry, I have to do some research again, please don't post something irritating again that make me cannot tahan have to waste my time to reply. I think it is more practicable for you to choose icon then your imagination god...hahaha.

Hibiscus got ask any money from shareholders?

Posted by Fam Jenny > Mar 12, 2016 11:55 AM | Report Abuse
Any co is asking money to acquire assets when it incurs a lot of losses,be cautious of your money.

Brutus121 only known other counter is APFT. Now only 7 sen losing 11 sen from 18 sen. Can trust him?
http://klse.i3investor.com/servlets/cube/post/brutus121.jsp?fp=2

Stock: [APFT]: APFT BERHAD
Nov 25, 2015 03:27 PM | Report Abuse
Mana bolih 18 sen ini company tightyly held by The Family maa

Can trust Brutus121? Why yesterday up never mentioned?
http://klse.i3investor.com/servlets/cube/post/brutus121.jsp

Stock: [HIBISCS]: HIBISCUS PETROLEUM BHD

Mar 9, 2016 01:50 PM | Report Abuse

Eh? What Kind of Oil Co Counter is this?!
Oil Price Go Up...Share Price Go Down!
Minyak Angin Counter Ke?

30 sen next week?

Brutus121 also go missing. Why?

Where are the musashis' today?

Anasuria acquisition almost completed. Coming QR will be much better.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5026409

Cash balance increase to RM 8.483 million from RM 5.930 in June'15.

31.12.2015
AUDITED
AS AT
30.06.2015
Note
RM’000
RM’000
ASSETS
NON-CURRENT
Cash and bank balances
8,483
5,930

OTHERS Press Release - Hibiscus Petroleum Reports First Half Results With Anasuria Transaction On Track For Completion
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5015901

Even Dr Kenneth(after QR press release) said Anasuria is profitable even at current low oil price.

mushashi if you are not interested nobody put a gun that you must buy Hibiscus. If you are not interested in any stocks you can just place your money in FD. No need to quarrel here.

Anyone here know why mushahi don't have any counters to promote except coming here to bad mouth?

18 PROSPECTS OF THE GROUP
The oil and gas industry is currently facing one of the most challenging and volatile periods in recent history. With current, mid-term oil price projections being lower than previously anticipated and over-supply dominating demand/supply projections, investment in exploration and development activities are generally being cut back. The capital markets are currently supporting exploration and production companies that have production projects that are cash flow positive at the current low oil price levels.

Given this industry backdrop, we believe that our acquisition of the Anasuria Cluster located offshore the east coast of Scotland in the United Kingdom sector of the North Sea will be seen in positive light. The conditional sale and purchase agreements and other agreements relating to this transaction were executed on 6 August 2015. On 4 February 2016, shareholders of Hibiscus Petroleum voted in favour of this transaction and in mid-February 2016, we were extremely pleased to disclose that the Secretary of State had also given its conditional approval for Anasuria Hibiscus to be assigned 50% interest in this producing cluster of fields.

We are now working towards the legal and operational completion of this transaction. We anticipate this to take place in the near future thereby giving Hibiscus Petroleum a stable revenue base and profits at current oil price levels.

Debt is 0.

Cash balance increase to RM 8.483 million from RM 5.930 in June'15.

31.12.2015
AUDITED
AS AT
30.06.2015
Note
RM’000
RM’000
ASSETS
NON-CURRENT
Cash and bank balances
8,483
5,930

RM 14 million loss. No wonder Rafizi said Tabung Haji can go bankrupt.

This qtr report is called kitchen sinking. Next qtr everything is fine again. See Perisai also same.

Pity Brutus121 your other stock APFT has dropped 11 sen but Hibiscus still stable at 18 sen. At least oil is up today which is good for Hibiscus.
http://www.bloomberg.com/energy

Posted by Brutus121 > Feb 29, 2016 11:36 AM | Report Abuse

For those dreaming of $50 per barrel oil....Heed this Fact:

A significant share of oil from producers are already profitable with oil prices at 16-18 dollars per barrel (onshore production!). A much greater part is profitable with oil prices in the range of $25-30 per barrel. That's why it will stay at $30 per barrel for more years to come! Whilst Hibiscus offshore wells will continue to stay shut

Hibiscus Petroleum upbeat about profit in FY16

KUALA LUMPUR: Malaysia’s first special purpose acquisition company, Hibiscus Petroleum Bhd, is optimistic of better profit in the financial year ending June 30, 2016, boosted by several acquisitions.

Among its recent acquisitions were substantial interest in the Anasuria cluster in the North Sea, UK and the West SeaHorse field, Australia.

According its 2014/2015 annual report, the economic interest derived from Anasuria deal will be back-dated to Jan 1, 2015 and the acquisition of the cluster is expected to be completed only in the first quarter of 2016.

For the first quarter ended Sept 30, Hibiscus posted a pre-tax profit of RM4.76mil compared with a pre-tax loss of RM9.97mil previously.

On the acquisition of Australia’s Hydra Energy Holdings Pty Ltd, Zainul said the deal was important as it brought in potential financial backing from global natural resource investment, which would help in securing financing for projects.

He said the recent acquisition of a 8.4% stake in Hibiscus by UK-listed Polo Resources Ltd was expected to provide assistance to lure in more potential investors in the oil and gas sector.

Polo Resources has interests in oil and gas, gold, coal, iron ore, copper and phosphate.
http://www.thestar.com.my/business/business-news/2015/12/12/hibiscus-petroleum-upbeat-about-profit-in-fy16/

Strike oil?

Hibiscus Petroleum upbeat about profit in FY16

KUALA LUMPUR: Malaysia’s first special purpose acquisition company, Hibiscus Petroleum Bhd, is optimistic of better profit in the financial year ending June 30, 2016, boosted by several acquisitions.

Among its recent acquisitions were substantial interest in the Anasuria cluster in the North Sea, UK and the West SeaHorse field, Australia.

According its 2014/2015 annual report, the economic interest derived from Anasuria deal will be back-dated to Jan 1, 2015 and the acquisition of the cluster is expected to be completed only in the first quarter of 2016.

For the first quarter ended Sept 30, Hibiscus posted a pre-tax profit of RM4.76mil compared with a pre-tax loss of RM9.97mil previously.

On the acquisition of Australia’s Hydra Energy Holdings Pty Ltd, Zainul said the deal was important as it brought in potential financial backing from global natural resource investment, which would help in securing financing for projects.

He said the recent acquisition of a 8.4% stake in Hibiscus by UK-listed Polo Resources Ltd was expected to provide assistance to lure in more potential investors in the oil and gas sector.

Polo Resources has interests in oil and gas, gold, coal, iron ore, copper and phosphate.
http://www.thestar.com.my/business/business-news/2015/12/12/hibiscus-petroleum-upbeat-about-profit-in-fy16/

Hibiscus confident of better profit this year

KUALA LUMPUR: Malaysia's first special purpose acquisition company, Hibiscus Petroleum Bhd, is optimistic of better profit in the financial year ending June 30, 2016, boosted by several acquisitions.
Among its recent acquisitions were substantial interest in the Anasuria cluster in the North Sea, UK and the West SeaHorse field, Australia.
According its 2014/2015 annual report, the economic interest derived from Anasuria deal will be back dated to Jan 1, 2015 and the acquisition of the cluster is expected to be completed only in the first quarter of 2016.

For the first quarter ended Sept 30, 2015, Hibiscus posted a pre-tax profit of RM4.76mil compared with a pre-tax loss of RM9.97mil previously.

Its revenue stood at RM245,000 compared with RM2.17mil a year ago.

After considering the production cost, the company's outlook remains attractive, its Chairman, Zainul Rahim Mohd Zain told reporters after the company's Annual General Meeting here, today.

However, he cautioned that it might have to review the activities within the Anasuria cluster, if oil prices were to drop to US$30 per barrel.

"As for the West SeaHorse Field, we will look back on the activities by our Australia's assets if the oil prices were to drop below US$40 per barrel."

The integration of these two assets into Hibiscus' will be the primary objective as the two oilfields have a near term cash flow, he said.

(The Brent Crude Oil is hovering at around US$40 per barrel, while the US benchmark West Taxes Intermediate is moving at around US$37 per barrel.)

On the acquisition of Australia's Hydra Energy Holdings Pty Ltd, Zainul said the deal was important as it brought in potential financial backing from global natural resource investment, which would help in securing financing for projects.

He said the recent acquisition of a 8.4% stake in Hibiscus by UK-listed Polo Resources Ltd was expected to provide assistance to lure in more potential investors in the oil and gas sector.

Polo Resources has interests in oil and gas, gold, coal, iron ore, copper and phosphate.

At 2.31pm, Hibiscus shares were trading flat at 24 sen.
http://www.investlah.com/forum/index.php/topic,70533.350.html

Sorry I have to use this ID because I experience many people like to attack my other counters when use my main ID esp in this thread when they are many haters around.

Chairman quote as attached. Truthseeker can you attached yours?
http://themalaysianreserve.com/new/story/anasuria-cluster-deal-still-viable-says-hibiscus

Truthseeker are you telling lies. US 52/barrel cost is for Shell(with high overhead expenses) hence they cannot stand and need to sell to Hibiscus whose overhead expenses is only US 25/barrel.

Posted by truthseeker > Feb 5, 2016 03:37 PM | Report Abuse

Ha! Ha! Ha! Biggest JOKE EVER!!!

Ok ok I BELIEVE YOU!

Say USD25 is cost (we all know cost in UK and NORTH SEA is USD52 per barrel). Now we do maths ok.

1. Say today price is USD35 per barrel
2. Say profit is USD10 per barrel,
3. Production 3,500 barrels per day
4. Profits per month = 3,500 x 30 x 10 = USD1,050,000

Now: What is their overheads in HIBISCUS?

Monthly expenses
1. Overheads in KL Office (including big fat cheque to MD Ken alone of RM195,000 per month) is a whooping USD2 million
2. Overseas expenses - USD2 million

So - negative USD3 million per month just on cashflow.

How to pay :

1. USD52 million for the purchase?

Chairman said US 25 is enough for Anasuria to make profit. Has today oil drop below US 25?

Shell in trouble so need to sell but not cash rich Hibiscus who can afford to buy.

Chairman said Anasuria still profitable when oil above US 25.

Someone in Sumatec said i3 should close down which I support. Nobody point gun to you to buy Hibiscus. If don't like just don't come here.