I'm more interested with Bland beginning to pay dividend consistently every year, starts from 0.01-0.02 per share

with brent rose above 86 and Hibiscus is not even capable of crossing 1.20? Sigh!

genuine doubt it's a cash out, unless those buying are paying a premium. BCorp has an NA of more than 1.00, why would VT sell them at 0.30 and below??? Those buying through direct transactions, if at less than 0.30, can easily buy from open market. My guess, just have some friendly parties to hold for him, showing to BN that he has met the requirement to acquire financial co???

RM 80 for those attending AGM...

share buyback?

probably because SC enjoys sleeping over important issues

real surprise hibiscus is not even 1.30 now...

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=131680&name=EA_GA_ATTACHMENTS

For the financial year ending 30 June 2023 (“FY2023”), the Group remains on track to sell a total of approximately 7.2 to 7.5 MMboe of oil, condensate and gas.

close to 7 cents per share of quarterly earning is not impressive for a less than RM 1 share company, what is then???

seems part of the reason for lower share price is the low dividend declared, a mere 0.02 for FY 2022.

boon siew family wants some money, but they don't want to distribute cash dividend?

I am actually not happy with the QR. The admin expenses is too high without further discussion and the Repsol's gas selling price is very low relative to Anasuria without discussion also. In addition, the low up time for Anasuria is also driving down the earning.

and they announced dividend last year in October, probably will be the same this time...

there's a presentation on their QR,

https://www.youtube.com/watch?v=d_gjXOHPeOI

Yes, lets celebrate rising crude oil with a falling hibiscus share price... what a joke!

hibiscus an oil producer +8.33% when Hengyuan a refinery +30%???

No quarterly report, sharp rise not possible, sigh!

bjland is already tightly held by VT and BCorp. It's share price is no longer determined by the market, only VT knows what Bjland should be traded at anytime...

Sabah imposing tax is actually a matter of tax collection tussle between Sabah and federal. Oil producers including Hibiscus are merely caught in between the two.

there are two unknown to most interested in Hibiscus.

One is how earning accretive Repsol acquisition is. The management and analysts may have better idea than most others. Coming quarterly report will provide a better picture, and share price could see a upward correction due to this.

The second is the trend of oil price. Currently, the world economy is expected to go into recession and oil price/demand is expected to fall accordingly. Truth, though, the demand for oil is OK right now, why else Biden has to beg Saudi to produce more, a country he described as pariah? Also, fortunately, thanks to Ukraine crisis, oil price has been staying quite strong lately and refuse to drop much and this is not limited to oil price, but gas and coal as well, further showing demand for energy is still strong.

actually, Hibiscus's bottoming depends on current brent oil price. If brent goes lower, so will Hibiscus. The game changer is the quarterly report. Last quarterly report is rather disappointing to most. The result is as if earning not improving despite higher brent, while the reason is actually a shipment not made in time and a write down. So, hopefully, coming quarterly report can show excellent results and best yet, a surprisingly high dividend, say 5 cents per share...

fainted, don't even know what you guys are talking. For the month Apr-Jun, Brent mostly traded between 100 and 115. As for Tapis, I don't have the record then.

For the month of Jul, Brent mostly traded between 95 and 105 while Tapis crude was traded between 124-132. Right now, Brent is 94 and Hibiscus should be in deep trouble already???

For the month Jan-Mar, Hibiscus made some 50 mil when Brent is between 80 and 95. The lower earning is partially due to shipment not made in time and Repsol acquisition is concluded only at the end of Jan.

We need Apr-Jun earning report to get a better picture on how much Hibiscus can make when Brent is between 80-100+. So, just wait for the quarterly report to come out first lah...

is hibiscus stock price performance for the past two days a Bursa or Malaysia Boleh joke???

Based on the latest quarterly report, a total of 2.072 mil barrel of oil&conden and 507 thousand boe of gas were sold from Q1 to Q3. Another 1.41 mil barrel of oil&conden and 659 thousand boe of gas will be sold Q4. Q1 to Q3 generated some 150 mil profit at a much lower average price, so Q4's earning should be explosive. While Q4 (Apr, May and Jun) oil price is basically known to be above 110 on average, Jul‘22 price is also known to be above 110 (Tapis) which is basically very bullish for oil producer. Yet, Hibiscus is performing so terribly as if everything is close to collapse, wonder what went wrong?

Don't say it's a rally when Hibiscus can't even break 1.20 at brent above 100...

https://www.aip.com.au/pricing/international-prices/international-market-watch

the above shows that Tapis crude oil still traded between USD 124 and USD 140 for the last 4 weeks til Jul 21.

Johnzhang, this news shows nothing but a heavy shortage of oil in Europe right now...

A further look at Hibiscus share price chart, I just realize that the last time Hibiscus traded around 0.84 was when Brent trading at around 80. Looking at brent at 104 now, wonder what went wrong???

I was using yahoo finance to compare occidental petroleum, one supported by warren buffet, and hibiscus share performance since Jan 01 this year yesterday. Surprisingly, Occidental was up more than 90% while Hibiscus is up less than 5%. What a huge difference. Wonder what went wrong with Bursa???

Occidental petroleum hit a high of 70+ when brent closed above 120+ earlier and now 63.+, less than 10% drop in share price. Meanwhile, after reaching a high of 1.52, Hibiscus has fallen to 0.85 currently, more than 40% drop in share price. Occidental's reporting is based on USD while Hibiscus on RM, which saw a drop in value against USD of almost 7% that'll benefit earning report in RM. Is this some kind of a joke???

0.825 hibiscus for a 106 brent? what kind of joke is this????

brent was traded between 100 and 120 from Jan 2011 till Jul 2014...

actually, faith is waning with brent falling below 100. Initially, I thought brent could stay above 100 until Ukraine war seeing light to a peace treaty.

some believes that crude oil will fall to 50s with recession coming, I believe otherwise, expecting crude oil to remain high despite slowdown or minor recession due to Ukraine war. If one believe crude oil will fall to 50s, then, surely hibiscus trading at 0.6x is highly possible. But, if crude oil were to trade above 80, it's difficult to imagine hibiscus trading below 1.00. I'm bullish on oil averaging above 90 at least for the next 12 months...

hibiscus at 0.865 when brent at 105??? what a joke...

since hibiscus falling below 1.10, my position increased by 40%... So sad I didn't dispose some when hibiscus was trading above 1.50, could have bought more then.

i guess only until Hibiscus showing great profit @ 100 brent crude that we'll see a rally in Hibiscus share price. Otherwise, everyone will keep on wondering if the Repsol deal is a so-so deal, at least Q3 earning report is suggesting that. Sigh!

it's just a MOU... Unless it's announced a deal that'll benefit both Sabah state and BJLand in the long run, guess the impact is minimal. It would be great to have SC investigating into who's buying into the 140 mil and the rationale behind BJCorp's disposal at loss.

what a joke, a falling hibiscus to celebrate a rising brent crude oil price???

To me, Brent is trying to form a different trading band of between 110 and 120 from earlier band of between 100 and 110. Wondering if Fed's rate hike will bring Brent down below 100???

Brent, after peaking above 134 early March, has been trading between 100 and 110 from Mar 11 til May 20. After May 20, Brent began its rise again to reach a peak of 124 around Jun 10. Brent is still trading above 100 (around 110) but Hibiscus has acted like brent is sinking fast??? The last time Hibiscus traded at 0.935 is when Brent is trading below 90 (and before Repsol deal is completed?) around Jan 26.

bought some at 0.945 with sweating hands...

thkent91 cause harta profit is falling fast while brent is still strong above 100?

bought some at 0.99, hope it's a good decision...

can only hope for exceptional August earning report to rescue...

unbelievable, with brent above 100, i would never thought hibiscus trading below 1.00, thought it would at least between 1.10 and 1.20. Sigh!

real big joke, brent rises above 115 again and hibiscus almost sees red while hengyuan, a refinery, is rising almost 9%.

thinking about writing to SC to investigate into this...

what's so impressive about the deal? If I were not wrong, BJCorp bought the last batch of BJLand shares at 0.38 per share through issuance of BJCorp shares, and BJCorp is selling BJLand at 0.22 per share? BJCorp a philanthropist gifting whom???

instead of seeing 1.70, I'm seeing 1.06 low when brent is above 115...