stockraider, simple, when offering VT/Penta 0.70 valuation, offered it to other minorities to consider. It's one thing minorities disagree to it, it's another when minorities were refused the right to consider. Same to when offering Penta the 0.38/0.30 exchange.

Alas, hibiscus share price has not rallied according to crude oil price in the recent crude rallying to 70+. Past record suggests hibiscus should be valued above 0.90 when crude is above 70. So, there must be reasons behind this. All I can think of (1) current hibiscus asset is recently found not to worth so much (2) repsol deal is not favored by fund managers or pissed off fund managers in the fund raising process (3) future crude oil price will fall below 60, and soon. I believe market will recover even if covid-19 cases rise to new high cause most people won't be able to last another 6 months lock down. Personally, tend to believe (2) being the reason. Still holding on to my hibiscus, can only hope the repsol deal will bring good earning result going forward with meaningful dividend

twynstar, if I were not wrong, problem is earlier CRPS issuance already putting too much damage...

Stockraider, instead of writing here everyday, may I suggest you write to bcorp and bland every day seeking dividend to improve investor relations?

wonder when is BCorp director meeting to discuss Jalil's plan? Will BCorp announce its decision?

Not quite, the convertible was issued already last year, a few hundred mil according to the presentation

https://www.youtube.com/watch?v=CbNLG6HtjOY

the convertible, if i were not wrong, is convertible at 0.40/share. If that's the case, the private placement is only to benefit those being chosen for private placement while the rest of shareholders taking the burden...

The big joke is hibiscus oil is traded in line with brent crude, nothing to do with politics, yet responding as if its against crude oil price or political linked

Hibiscus celebrate rising crude oil with falling share price

actually, BCorp can start by distributing BToto shares to all BLand shareholders to show it's sincere in unlocking shareholders value.

stockraider, maybe you shouldn't trust everything VT said? Like believing that BCorp is worth 3.80 but has been selling lately at below 0.40...

probably VT should hire me as his CBO, and I will tell investors BCorp is worth 1000...

probably need a CFO that believe BCorp's worth 100 now

oops... just realize BCorp is not even 1 yet, so its big cannon vs bigger cannon...

actually, there's still some slight difference between Jalil and VT, Jalil believes BCorp worth 10 but VT only 3.80... shame on VT for understating BCorp value

There's more than 7 billion shares of bcorp if all warrants and ICULS were converted. If anyone believes Jalil's 10 valuation, he must assume bcorp will have a over 70 billion market cap...

So transparent that Jalil has to present it to the public before the BODs???

why the publicity when jalil could simply approach the board for approval first???

I'm not not "negative"... I just don't appreciate CEO talk cock and deliver ambiguous views.

goldking9789, well, VT can always delist all his companies, that way his CEOs don't have to talk cock and doesn't even have to share his "wealth"

Goldking789, you would have to ask Jalil to wash his dirty mouth first then, I'm merely responding towards his nonsense groaning and moaning...

Jalil talked cock BCorp worth 10. If he were to privatize BLand at 0.38, what does that mean???

simply distribute btoto shares to bland shareholders lah, that will at least address the complexity of bcorp structure and showing fairness to minority shareholders to encourage holding the shares... talk talk talk, listen also tired...

VT believed bcorp is worth almost 4, so he reached out to super VT to talk cock 10 bcorp... Probably that way there's still chance to hit almost 4 or if not, nobody will remember his almost 4 but super VT's 10

Jalil is super VT, promoting a 10 BCorp???

talk like no talk, felt like Jalil still needs VT approval before any implementation...

selling Toto business? Might as well sell everything! Earlier news said Toto key to cash flow, now flip to selling???

same feeling, after selling will take it out of investable list of co...

nope, it should be crude up, hibiscus may be up, crude down, hibiscus surely down...

Lu Tau Bob? So, squeeze minorities to con their money for charity??? What a shame...

my goodness, crude at 77, now we are going to see hibiscus falling to 0.65???

It would be crazy to accumulate when share price is falling on a rising crude oil price

The most recent BCorp quarterly report reveals the following:

Deposits with financial institution: 448.8 million
Cash and bank balances: 857.2 million
Subtotal: 1,306 million

Long term borrowing: 3,025.9 million
Short term borrowing: 2,009.1 million
Subtotal: 5,035 million

The ICULS (600 million in total) are ignored here given they're not redeemable. So, BCorp net debt is actually 3.7 billions.

Besides that, there's warrants WB 700 million and WC 706 million, totaling 1,406 million

If Jalil just needs to reduce 3 billion debt in 3 years, he can easily achieved that simply by making sure BCorp share price is above RM 1, cause those warrants will be converted and BCorp will pocket 1.4 billion, leaving only 1.6 billion to be addressed!

https://www.klsescreener.com/v2/news/view/847555

Read the above, it's a bit nonsense. BCorp is not in desperate mode to monetize its asset, why should it sell BToto? Like it or not, BToto is providing predictable and sizeable cash flow to BCorp. What BCorp lacks is the ability to monetize its landbank and other assets and businesses.

before the recent KLCI downfall, hibiscus has not rallied in accordance to crude oil price for a short while already. Initially, I thought market is assessing the deal, guess it's more than that.

crude oil is rising but hibiscus not, so it's nothing to do with crude oil but the management or the asset acquired!

alas, hibiscus was above 0.74 the last time crude rose above 70, and now crude is above 74 while hibiscus at 0.685. What's more, hibiscus was above 1 7-8 years ago when crude was trading above 70. So, either the Repsol deal is bad or hibiscus management has failed to impress???

Buy traditional energy stocks over solar plays for these 3 reasons, trader says

https://www.cnbc.com/2021/06/28/buy-traditional-energy-stocks-over-solar-for-these-3-reasons-trader.html?__source=androidappshare

sadness, thanks to rising crude oil price, may be we shall see hibiscus falling to 0.65?

To me, there's no harm holding a maximum of 2 years to learn if Bcorp will truly divest 2 billion asset to pare down debt and how will jalil plan will benefit shareholders. Just don't follow stockraider recommendation to buy more.

thats why i was saying too many retail investors, "market" decides ...

Sslee, thanks! Your effort is much appreciated.

neither hot nor cold? It's very cold lah, the last time crude above 75 years back, hibiscus is above 1. The most recent when crude above 70, hibiscus is at 0,745. Now, with super Mario deal and crude above 75, hibiscus is like a patient awaiting viagra...

there is ONE thing Jalil can do, distribute BToto shares to BLand shareholders to show he is genuine in restructuring!

guess too many retail investors in this stock, "market" decides to celebrate crude above 75 by making sure that hibiscus is falling or staying flat...

Alas, simply sell everything and distribute accordingly, surely every share held will be more than RM 1 for both bcorp and bland shareholder

No hope, I guess. The last time crude hit above 74, hibiscus traded a high of 0.745. Now crude is above 75, hibiscus still at 0.725. Sigh!

stockraider, when you are stuck, you can cabut or you can hold and wait, I choose to wait.

First, VT causes massive losses to minorities and show no remorse, there's nothing to be praise in the first place. Second, VT has yet to show he's genuine to do the right thing and you are starting to praise him like a God, and this is disgusting!

stockraider, is BCorp undervalued? YES! Is VT trading more than announcing restructuring plan? YES! Has VT mistreating minorities? YES! Why else BCorp traded at such a desperate level! Why else there's no fund managers coming in to buy what VT has overbought?

Truth is, VT has YET to show he's genuine and current market has NO trust in him. Except for appointing Jalil, VT has shown NONE right now! I'm a minorities hoping VT treating his minorities fairer so I can collect dividend or sell at profit and not loss in the future!

stockraider, please stop polishing shoes lah! Reading your post almost makes me puke. If you were to post further, guess you will need to say VT is a saint...