stockraider, then the potential you are chanting is not coming, cause fund managers not seeing up potential! Shows VT character clearly

stockraider, if VT is genuine, he could easily sell his shares to fund managers through direct negotiation rather than daily disposal. If he can't sell his shares to fund managers, that could only either he has some hanky panky behind the whole exercise or there's no trust among fund managers.

The last quarter report showed increased profits eaten by enlarged share base. Hopefully, repsol deal concluded soon without too much dilution that'll start to show increasing per share profit

without repsol deal, hibiscus should be flying given higher brent. Now, with repsol deal, hibiscus barely move, why? Guess only one explanation, many doubts over the deal...

3050 akan datang

I bought into hibiscus when crude is at 60-62 range if I were not wrong, believing then that crude will rise to above 70, hopefully between 75-80 range. When crude began its rise to 70+, hibiscus hit a high of 0.745 and it began to fall. It took another attempt to rise above 0.72 but couldn't even reach 0.745. If I were not wrong, years back, when crude is traded around 70+, hibiscus was actually above 0.90. So, I believe something is not right, if not with the management, it must be with the company's production capability or hibiscus has issued way too many shares that what the market is willing to absorb.

Given current scenario, it further strengthen what I believe. So, best don't add anymore position.

hmm... for whatever reason, to me, hibiscus should reflect crude oil price. Given current trend, it's difficult for me to buy more hibiscus.

so, what you are suggesting the market price is being manipulated to encourage CPRS conversion?

if following the boss is the right move, it's then those following him to acquire those CPRS are the one making money at our expense. If Repsol deal is good, share price should reflect accordingly. Ideally speaking, Hibiscus should follow crude price, like when crude between 65-70, hibiscus between 0.xx-0.yy and so forth. Though, despite good Repsol acquisition and crude at 72, hibiscus has been performing as if crude is below 65. Thus, if there's any explanation, those CPRS holders are eating minorities lunch at this moment!

If the Repsol acquisition is good and crude oil is trending higher, what cause hibiscus to trade at current valuation? If there's any explanation, there's only one left, i.e., hisbiscus has been issuing those convertible debt to short-term investors and they have been selling their position and profiting from current trend. Meanwhile, we minorities who is supposed to enjoy higher share price thanks to higher crude oil price has to endure those sellers profiting at our expense.

jason, the big issue with hibiscus is the issued new shares are at a much lower price, and as a minority shareholder, I am pissed off. It's worse if those issued new shares were not for the long term investors, but short term player seeking to take profit when they see one, which seems to be current situation.

very misleading news on Sun Daily, wonder if SC will investigate. It's actually left hand to right hand, NOT VT buying those shares!

I'm happy with 0.85-0.95 range... Hope hibiscus per share profit and cash flow will rise post acquisition.

https://www.klsescreener.com/v2/news/view/836991

if hisbicus can borrow to acquire these assets, coupling with rising crude price, surely hibiscus will fly Tuesday. If it's to be financed through new share issuance, the whole deal may not be so palatable.

Thought fund raised already?

I'm happy with 1.

not quite, for the past few weeks, when crude up, hibiscus may not up, but when crude down, hibiscus for sure will down... The latest crude at 70, hibiscus was around 0.74. Hopefully it's changing pattern for better now.

Really unbelievable!

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3163165

a) 5% Irredeemable Convertible Unsecured Loan Stocks 2012/2022 ("5% ICULS") - Indirect interest held through child



Name of Registered Holder Date of Disposal Price Per 5% ICULS (RM) No. of 5% ICULS % of 5% ICULS
Cimsec Nominees (Tempatan) Sdn Bhd 28.05.2021 0.3000 200,000 0.0377
Cimsec Nominees (Tempatan) Sdn Bhd 28.05.2021 0.3050 685,200 0.1292
Cimsec Nominees (Tempatan) Sdn Bhd 31.05.2021 0.2900 810,000 0.1527
Cimsec Nominees (Tempatan) Sdn Bhd 31.05.2021 0.2850 69,000 0.0130
Cimsec Nominees (Tempatan) Sdn Bhd 31.05.2021 0.2800 500,000 0.0942



b) Ordinary Shares - Indirect interest held through child



Name of Registered Holder Date of Disposal Price Per Ordinary Share (RM) No. of Ordinary Shares % of Ordinary Shares
Cimsec Nominees (Tempatan) Sdn Bhd 28.05.2021 0.2900 1,000,000 0.0197
Cimsec Nominees (Tempatan) Sdn Bhd 28.05.2021 0.2950 500,000 0.0099
Cimsec Nominees (Tempatan) Sdn Bhd 31.05.2021 0.2800 1,000,000 0.0197
Cimsec Nominees (Tempatan) Sdn Bhd 31.05.2021 0.2750 2,500,000 0.0493

U lui also don't buy lah, market price traded as if some guys are dumping whether it's good or bad news...

Err... Crude at 69 and hibiscus still falling???

Alas, there is no need to scare minorities to dump shares lah... After selling kyoto four seasons, Bcorp has more than enough to handle this pandemic. After pandemic, many businesses will suffer or close in worst case scenario, but that would also mean less competition and higher profit margins for those surviving companies

stockraider, post VT & family BCorp shareholding pre-Jalil appointment and last Friday, if the total number of shares increase, then you can claim what you said. Otherwise, stop post nonsense!

Alas, why don't you post the number of ICULs, warrants, and BCorp shares that VT & family own before and after? Then you will realize how wrong you are...

No lah, VT is selling, both BCorp and BCorp ICULS. His family members selling more than him buying, and don't assume his family is NOT selling on his behalf.

If VT is genuine, restructuring will be a big windfall for both BCorp and BLand minorities. If he's not, we all can be screwed up BIG time. Besides a billion worth of Btoto ownership (will be valued higher if it's sold to a third party cause it's a controlling stake,) BLand owns plenty of lands close to city centers beside buildings in golden triangle. Even chopping BLand into pieces and sold separately, BLand can easily worth more than 1.00 per share. Similarly, BCorp is worth significantly more than its current share price. Sad thing, though, VT is full of history conning minorities, resulting his extremely LOW credibility. Retail investors get jittery just because VT is selling actively (My goodness, he's trading more than I do despite the fact that he has so much work to do in restructuring his empire) and he seems to enjoy sending out mixed messages or he simply don't care.

I have not sold my BLand and even after selling my BCorp, I am buying BLand to replace in hope that the 0.38/03.0 exchange will be honored in BLand's restructuring. It's stressful watching seeing BCorp and BLand falling like there's no tomorrow, more than 50% for BLand and 40% for BCorp since their last peak.

If VT is genuine, restructuring will be a big windfall for both BCorp and BLand minorities. If he's not, we all can be screwed up BIG time. Besides a billion worth of Btoto ownership (will be valued higher if it's sold to a third party cause it's a controlling stake,) BLand owns plenty of lands close to city centers beside buildings in golden triangle. Even chopping BLand into pieces and sold separately, BLand can easily worth more than 1.00 per share. Similarly, BCorp is worth significantly more than its current share price. Sad thing, though, VT is full of history conning minorities, resulting his extremely LOW credibility. Retail investors get jittery just because VT is selling actively (My goodness, he's trading more than I do despite the fact that he has so much work to do in restructuring his empire) and he seems to enjoy sending out mixed messages or he simply don't care.

I have not sold my BLand and even after selling my BCorp, I am buying BLand to replace in hope that the 0.38/03.0 exchange will be honored in BLand's restructuring. It's stressful watching seeing BCorp and BLand falling like there's no tomorrow, more than 50% for BLand and 40% for BCorp since their last peak.

Just can say, hope for the best in end June.

What's worse, simply look at current situation. VT has so much confidence in the new CEO turning around BCorp that he and his family has to SELL BCorp shares from less than 0.50 to current less than 0.30. What's VT trying to convey to the market, he has no confidence in this Jalil that he would screw up his company that he better start unloading his ownership?

If he's genuine, he would wait it out, showing minorities who follow news to have confidence in his pick. Or, instead of throwing his shares into the market, he could find fund managers willing to take stake through off market transactions.

old time investor in BCorp can describe in further details, I'm not good at bad-mouthing others... Hmmm... I'm not good already can say so much, image these old time investors

Goldking9789 When he said he's venturing into Vietnam Toto, he said it's a blah blah deal, instead it's just a investment running Toto for Vietlott that takes a certain percentage of the revenue. When VT said dividend post Kyoto Four Season deal, there's none! When he said dividend going forward many years back, the promise is not KEPT. If that's not conning, what IS!

Goldking9789, VT is conning minorities openly, that's for sure. Even though he didn't persuade investors to buy, his co are listed on Bursa.

nobody can squeeze VT lah, why else BCorp is at such a ridiculous price for such a long time? VT had already shown you, his board will propose to buy his private co by issuing BCorp at less than 0.30 while valuing his private co at fair value! He'll never loose in his own playground, we minorities are.

if VT is selling while share price is rising, there could mean the demand is there, but now VT is selling despite falling price suggesting weak demand, yet there are some willing to add position... so difficult to understand...

Sad thing is I barely sold any hoping for the jalil plan

Based on VT nonstop selling, not very rosy picture

Too many new shares issued, per share earning not increase accordingly

the truth is, there's one and only VT knows the endgame. VT and related companies already owns almost 85% of BLand, leaving less than 800 million in the hands of non-VT. At 0,245, those shares are worth less than RM 200 million. Sad to say, minorities of BLand is at the mercy of VT...

the selling by VT is much more than the buying by Jalil, so best don't touch?

buy at 0.17 to sell at 0.20, you will feel the pain like the earlier high above 0.50, but to buy at 0.50 believing VT is genuinely hiring Jalil to improve image and make good with shareholders will puke to death seeing VT and kids still willing to sell when the price is less than 0.33...

clearly, you know an answer that you already know but I don't.

It's one thing VT asking his proxy to sell, if any. It's another thing VT is selling. VT claimed himself to sell anything as long as price is right. So, by selling BCorp at 0.32-0.34, he himself is agreeing that the price is right for BCorp right now! That's why I raised the question, "what's that telling you?"

VT selling before Jalil plan, what's that telling you?

Current share price seems to suggest just that, a willingness to give Jalil a try and a heavy disbelieve in VT, my personal opinion

I think the biggest concern is not if Jalil can perform but if VT simply interested at hiring Jalil to goreng share price only...

Hmm... Thanks for recalling my earlier post, forgot the whole issue after so many years

If I were not wrong, ICULS were issued to VT and buddy for BCorp to purchase BLand from VT and buddy lah...

Bcorp is not so bad a co lah, the assets under the co have good value. The problem with bcorp is VT only cares about him but not minority shareholders with all deals only to benefit nobody but him...

angpow? You give or VT give???

Not only VT owns more of BCorp and BLand, guess he trades more frequent than I do too... What exactly is Bursa/SC doing???


https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3149626

1 16 Apr 2021
3,000,000
Acquired Deemed Interest
Name of registered holder MIDF Amanah Investment Nominees (Tempatan) Sdn Bhd
Description of "Others" Type of Transaction
2 16 Apr 2021
1,560,000
Acquired Direct Interest
Name of registered holder JF Apex Nominees (Tempatan) Sdn Bhd

Goldking9789, VT is trying to tell us otherwise...