Patience is the virtue. KNM is also diversifying into energy. Have faith.

This matter was even raised during the AGM. It was confirmed that the effective date would be 1/1/2017. So all revenue/cost effective from 1/1/2017 for NS would need to be identified under Hibiscus accordingly.

Effective date to take over NS is from 1/1/2017. Therefore, all revenue/cost from 1/1/2017 will be under Hibiscus. Once all matters sorted out the revenue/cost will be recognised in Hibiscus books. I guess this would be reflected under Q1, 2018 reporting.

masterkevin212 well said and totally agree with the other values yu have mentioned. In short KNM is grossly undervalued. Time to accumulate.

KNM is currently in recovery mode. Bearing any unfavorable event it is expected to be in a much better financial position in the next 12 mths.

As at end Sept, 2017 its NTA stands at Rm1.14 and total reserves at RM1.5b. Considering this, the current share price is undervalued. The bio-ethernol plant in Thailand is already in commercial operation since Sept, 2017. KNM is planning to build its recurring income business and this has started bearing fruits. Under phase 2 another 300,000 liters per day of bio ethernol plant is under construction and expected to commence commercial operation in Q4, 2018.

KNM is currently being turnaround. In Q4, 2016 it reported a net loss of RM330m. Hope it can show a net profit in Q4, 2017. If the performance in Q4, 2017 is better than Q4, 2016, then the positive sentiment will be accordingly reflected in the share price and we can expect a positive increase in the share price.

KNM is like in a similar situation where Hibiscus use to be about 1 year ago. Huge upward potential is awaiting. This is an opportunity to accumulate. Once a positive Q4 is reported all current negative EPS and ROE reporting will be reversed to positive.

Buy now and at least hold it for 6 to 9 mths to gain handsome profit.

Just my 2 cents!!

Keep topping up. Gaining momentum. Vol picking up.

This counter should start moving after Q4 announcement. I forecast the below :-
End 2018 - RM0.35
End 2019 - RM0.55
End 2020 - RM1

go go go

Please don't say goreng-goreng. This is a well managed company with professional people behind it. This company will be a successful company. Oil price is not within anyone's control. As joint shareholders please provide your support for our company to grow and become successful.

despite 16 days shutdown, there is still improvement in profit compared to Q to Q. Do not compare with Y to Y as there is a one time tax credit incorporated and therefore, not a fair comparison.

Do not sell. It will bounce back

Don,t know why price went down. Financial wise the company is strong with great potential.

Time to just accumulate

This is undervalued. Should go up. Be patient. The balance sheet is strong. Give another 2 QR

This is good company to buy in. Buy and hold long term (at least 1 year). Consistently showing profit every quarter. Hoping to see better QR the next one.

This company is making profit for the past 6 consecutive quarters. This is mere correction. Next quarter is also going to be profit (estimate 10m to 11m). Once Sabah deal comes thru revenue and profit are expected to jump about 3times. This is a solid company with great potential for the share price to move. Now is good opportunity to collect more. Just hold tight.

Will this bounce back? It keeps sliding.

when is Hibiscus AGM? So far have not received any notice.

http://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=11659

Date: 10 July 2017

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING HIBISCUS PETROLEUM BERHAD ("HIBISCUS PETROLEUM" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 144,384,429 NEW ORDINARY SHARES IN HIBISCUS PETROLEUM REPRESENTING UP TO TEN PERCENT (10%) OF THE EXISTING ISSUED ORDINARY SHARE CAPITAL OF HIBISCUS PETROLEUM ("PROPOSED PRIVATE PLACEMENT")


Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description HIBISCUS PETROLEUM BERHAD ("HIBISCUS PETROLEUM" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 144,384,429 NEW ORDINARY SHARES IN HIBISCUS PETROLEUM REPRESENTING UP TO TEN PERCENT (10%) OF THE EXISTING ISSUED ORDINARY SHARE CAPITAL OF HIBISCUS PETROLEUM ("PROPOSED PRIVATE PLACEMENT")
We refer to the Company's announcements dated 31 May 2017, 1 June 2017 and 6 July 2017 in relation to the Proposed Private Placement ("Announcements"). Unless otherwise defined, the abbreviations and definitions used in the Announcements shall apply herein.

On behalf of the Board of Directors of Hibiscus Petroleum, RHB Investment Bank Berhad is pleased to announce that Bursa Securities had, vide its letter dated 7 July 2017, approved the listing and quotation of up to 144,384,429 Placement Shares to be issued pursuant to the Proposed Private Placement subject to the following conditions:

(i) Hibiscus Petroleum and RHB Investment Bank Berhad must fully comply with the relevant provisions under the Main Market Listing Requirements pertaining to the implementation of the Proposed Private Placement;

(ii) Hibiscus Petroleum and RHB Investment Bank Berhad to inform Bursa Securities upon the completion of the Proposed Private Placement; and

(iii) RHB Investment Bank Berhad to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Private Placement is completed.

This announcement is dated 10 July 2017.

Will all positive news in the pipeline, Yes, hold at least for a year. It will sure break the RM1 mark.

Outcome on new share placement will be displayed in the Hibiscus website (under FAQ) after 10 business days from 28/6/17. This is expected to provide further injection of capital into Hibiscus. Hibiscus has confirmed this to the mail I have sent to them on 20/6/17. Pls look out.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
On Wed, Jun 28, 2017 at 1:39 PM, Hibiscus Petroleum FAQ <faq@hibiscuspetroleum.com> wrote:
Dear Ganapathy,

Thank you for your interest in Hibiscus Petroleum.

We wish to acknowledge receipt of your query and will endeavour to respond via our website within 10 business days.

Please visit our website at http://www.hibiscuspetroleum.com/faq after 10 business days from the date of this email.

If you have any questions, please don’t hesitate to email us at faq@hibiscuspetroleum.com.


Thank you.

Kind regards,
Kim
FAQ Team
Hibiscus Petroleum Berhad

http://www.thestar.com.my/business/business-news/2017/06/28/brighter-outlook-for-bumi-aramada-says-cimb-research/

Suggest all be honest with comments/remarks. Positive or negative, pls do substanciate for the benefit of all.

Hibiscus grossly undervalued now.

Hibiscus is for long term. Be positive price will go up eventually. TP at least RM1.00

Once North Sabah comes in, there will be synergy thus potential for further cost reduction

Good time to accumulate. Just with Annasuria, Hibiscus can achieve revenue of RM240M for full financial year. This type of performance alone (Not considering North Sabah) can be considered commendable.

Anyone got info on Kraken 1st oil?

Hold and add more upon right opportunity

Pls all respect each other and be professional. Only use English in this forum.

Is Bumi Armada suspended?

panic selling is happening

Maybank market capitalization breached RM100billion mark!

AGM was yesterday

Kraken is due anytime.This was the indication in AGM

The sabah deal could also fall under 3.1 (a)

Suspension has been requested under 3.1(c), so it must be some other reason other than Sabah offshore deal. Sabah deal would probably come under 3.1 (b)

3.0​ Situations which may warrant suspension
​ ​
​3.1 ​The Exchange may approve a listed issuer's request for suspension where -
​ ​
​ ​(a) ​the listed issuer requires time to prepare and release an announcement relating to a material transaction, such as -
​ ​ ​
​ ​ ​(i) a very substantial transaction as defined in Chapter 10 of the Listing Requirements;
​ ​ ​ ​
​ ​ ​(ii) a significant change in the business direction or policy of a listed corporation; or
​ ​ ​ ​
​ ​ ​(iii) any other corporate exercise which the Exchange considers to be material;
​ ​ ​ ​
​ (b) the listed issuer intends to -
​ ​ ​ ​
​ ​ (i)​ make a material announcement, including one that falls within paragraph 3.2 below ("Very Material Announcement"); or
​ ​ ​ ​
​ ​ ​(ii) hold a press conference to make a Very Material Announcement,
​ ​ ​ ​
​ ​ before the close of trading; or
​ ​ ​
​ ​​(c) ​any other reason which, in the opinion of the Exchange, justifies a suspension.
​ ​ ​

Time to accumulate and hold. This will filter out the pessimist.

Patience is the word. I am confident Armada will move after kraken oil success. Betta68, pls continue to share your findings/thoughts.

US51.50

Brent is now at RM51.50

Just hold and don't sell. price will move up.

Any idea when the latest QR to be announced?

Brent 49.06

NTA currently at RM0.52. This will also go up after latest QR. Next QR (3rd Q) is expected to be better than the 2nd Q. The present NTA is already higher than the current market price.

If Sabah deal comes thru, there will be more synergy and economy of scale for hibiscus thus would lead to higher profits in the longer term. Be patient, price will eventually go up.

Why invest in Hibiscus :-
An experienced and knowledgeable management team.
• Results of the second quarter 31 December 2016 shows strong improvements to EBITDA,
PBT and Balance Sheet, and financial turnaround driven by Anasuria performance.
• A joint operator and owner of a significant cash and profit generating business
in the UK North Sea.
• The inherent value of the Anasuria Cluster has yet to be fully recognised in the
valuation of the company’s shares.
• Approval to acquire the North Sabah assets will transform the company with an increase in:
– Proven and Probable Oil Entitlements
– Contingent Resources
– Production
• Assets are all located in secure jurisdictions.
• Company has no debt.

Hibiscus has strong fundamentals. Will surely go up in the medium term. Just continue to hold.