AmInvest Oil analyst change Target Price for Bumi Armada from $0.10 cents in April 2020 to $0.47 on Aug 2020. Still got Pandemic and still no vaccine. All this attributed to Armada Kraken FPSO producing stellar results.
Armada Kraken storage capacity is 600,000 barrels
Hibiscus's Anasuria FPSO capacity is 800,000 barrels

Look how the AmInvest analyst change his target price from $0.10 to $0.47 ie 470% increase in 4 mths. Guess we better start buying Velesto energy, Hibiscus and Sapura Energy too

Bumi Armada - Risks remain despite Armada Sterling charter extension
Author: AmInvest | Publish date: Thu, 16 Apr 2020, 8:48 AM
We maintain SELL on Bumi Armada with an unchanged fair value of RM0.10/share, based on a 30% discount to its 5-year PBV of 0.26x, which implies an FY21F PE of 10x.

Bumi Armada - Kraken steadies the ship
Date: 28/08/2020
Source : AmInvest
Stock : ARMADA Price Target : 0.47 | Price Call : BUY Last Price : 0.27 | Upside/Downside : +0.20 (74.07%)
31/08/2020 6:00 AM

If analyst recommend sell with a very low target price but the share price remain much higher, we shd just buy and keep. After all, looking at the oil futures mkt, 2021 value is all above $USD50
Look at how analyst change call by 470% in 4 mths ( Still same pandemic and still no vaccine )

Look how the AmInvest analyst change his target price from $0.10 to $0.47 ie 470% increase in 4 mths. Guess we better start buying Velesto energy, Hibiscus and Sapura Energy too

Bumi Armada - Risks remain despite Armada Sterling charter extension
Author: AmInvest | Publish date: Thu, 16 Apr 2020, 8:48 AM
We maintain SELL on Bumi Armada with an unchanged fair value of RM0.10/share, based on a 30% discount to its 5-year PBV of 0.26x, which implies an FY21F PE of 10x.

Bumi Armada - Kraken steadies the ship
Date: 28/08/2020
Source : AmInvest
Stock : ARMADA Price Target : 0.47 | Price Call : BUY Last Price : 0.27 | Upside/Downside : +0.20 (74.07%)
31/08/2020 6:00 AM

Velesto Energy- Expect lower charter rates and utilisation
Date: 26/08/2020

Source : AmInvest
Stock : VELESTO Price Target : 0.09 | Price Call : SELL
Last Price : 0.145 | Upside/Downside : -0.055 (37.93%)

You believe this analyst.
You see how he change Bumi Armada from $0.10 to $0.47 in 4 mths
(All during the same pandemic)

Look how the AmInvest analyst change his target price from $0.10 to $0.47 ie 470% increase in 4 mths. Guess we better start buying Velesto energy, Hibiscus and Sapura Energy too

Bumi Armada - Risks remain despite Armada Sterling charter extension
Author: AmInvest | Publish date: Thu, 16 Apr 2020, 8:48 AM
We maintain SELL on Bumi Armada with an unchanged fair value of RM0.10/share, based on a 30% discount to its 5-year PBV of 0.26x, which implies an FY21F PE of 10x.

Bumi Armada - Kraken steadies the ship
Date: 28/08/2020
Source : AmInvest
Stock : ARMADA Price Target : 0.47 | Price Call : BUY Last Price : 0.27 | Upside/Downside : +0.20 (74.07%)

Armada Kraken FPSO got a storage capacity of only 600,000 barrels.
Anasuria FTSO anchor at the same area (North of Scotland) got a capacity of
800,000 barrels. If this single FPSO can earn so much, I wonder the effect on Hibiscus next Q

Sabah oil is at premium of 10% to Brent

Posted by twynstar > Aug 30, 2020 1:42 PM | Report Abuse

For 3Q20 (Jan - March 2020),North Sabah sold 2 offtakes and Anasuria sold 1 offtake of oil.

with average OPEX of North Sabah USD 13.16 and average realised oil price of USD 47.72, it made net profit of RM 24.6m.

with average OPEX of Anasuria USD 14.92 and average realised oil price of USD 50.59, it made net profit of RM 16.3m.
Your OPEX is much higher.
In the webinar Dr Kenneth says the OPEX for Sabah is $10.27 per barrel

Positive cash flow

Currently Hibiscus produce about 8 to 9 thousand barrels a day.

Production cost for Anasurai oil is USD$14.29.
Production cost for Sabah Oil is USD$10.27.
Sabah oil is very good quality and sold at 10% premium to Brent.
Anasuria oil is sold at 1% premium to Brent.

The little debt you see in 2nd Q report have being paid off in July 2020. If you keep this share till next Q results, I believe you shd be able to get good profit. The companys ability to store oil and wait for good price is very valuable - Own Storage and company is debt free
Anasuria oil store at Anasuria FPSO (800,000 barrel capacity)
Sabah oil is ship direct to onshore at Labuan Oil Terminal (Own by Hibiscus)

Watch this presentation by the CEO Dr Keneth Periera.
Then you decide whether its woth keeping this share.
https://www.facebook.com/cgscimbmy/videos/737872883441014/
Key Points :
1. Last Q RM$200 million written off for Australian assets. No more
to be written off
2. Remaining assets are a) Sabah (Producing)
North Sea Anasuria (Producing)
North Sea (Marigold - Oil confirm there. Waiting for regulartory
approval. Expect to be producing in 2022. Currently owns 50 % but
expect to sell down to 35% upon receiving approval cos to reduce
CAPEX.
3. Own Oil Storage available at both Sabah and Anasuria fields
( Owns 50% of Anasurai FPSO )
4. Last Q ended 30 June 2020, Hibiscus produce 3.2 m barrels of crude
but sold only 2.6 m. The rest was stored to get better price and
finally sold on July 2020.

Armada Kraken FTSO got storage of 600,000 barrels.
Anasuria FTSO got storage of 850,000 barrels
The hull has a length of 234.2m, a breadth of 44.8m and a draught of 23.8m. The structure consists of seven cargo tanks, which can store 850,000 barrels, and two slop tanks surrounded by ballast tanks. The tanks are formed by longitudinal and transverse bulkheads, including a longitudinal centreline wash bulkhead.

Posted by Newbn00b > Aug 29, 2020 8:06 AM | Report Abuse
It means Dnex is going or negotiating to buy oil field from Hibiscus but have not disclose the price yet
No. DNEX wants to buy Ping. DNEX currently own 30% of Ping. Got to buy remaining 70%. Ping and Hibiscus jointly own 50:50 of AOC

You look at 3 mths chart. The price hardly able to fell below 58 cents. Massive selling pressure at 62 to 63 cents and above 65 cents.
Also company have clean up Balance sheet in this latest Q report.
Think the big sharks are accumulating for the release of next Q results esp with oil price on the up trend.
Those who wish to buy should consider at least a 6 mth time frame to make good profit

https://www.theedgemarkets.com/article/no-impact-anasuria-fpso-temporary-halt-%E2%80%94-hibiscus
Hibiscus also fully own the Anasuria FPSO anchor at northe sea north of Scotland. Bumi Armada's profit of $117m this quater alone was solely due to The Armada Kraken FTSO achor at the same area.
https://www.bumiarmada.com/Web/WebPage.aspx?p0=408&p1=403

Should not Hibiscus be worth a lot more than this basing on this basic analysis.

AOC is the joint operating company held equally by Ping Petroleum UK Limited (wholly owned by Ping Petroleum) and Anasuria Hibiscus UK Limited (wholly owned by Hibiscus Petroleum Berhad) to be the Operator of the Anasuria Cluster. ... Hibiscus Petroleum Berhad is Malaysia's first listed independent oil and gas E&P company.
Links:
https://www.theedgemarkets.com/article/dnex-backtracks-ping-petroleum-stake-sale-plan-now-seeks-full-control-firm
https://www.offshore-technology.com/projects/anasuria-cluster-central-north-sea/

Can someone make sense of this.
At yesterdays closing price, the mkt cap for Hibiscus is RM945m
DNEX is trying to buy the balance 70% share in Ping Petroleum.
Earlier they wanted to sell their 30% share in Ping petroleum for a minimum of RM250m ( Oil price at that time is the same as now).
This means that they value Ping Petroleum at RM833 million.
Ping owns 50% of Anasuria Operating Co. The other 50% is own by Hibiscus. That means Hibuscus 50% share of AOC is worth RM833 million.
What about the other Hibiscus oil field in Sabah and Australia.

ESOS is 7.5 cents. Very safe counter to keep and wait for goreng time

NTA is still 12.94 cents

You think rationally and the rise of penny stocks will make sense.
The better you realize this, the better for your trading profit.
You buy a blue chip or a better stock. 90% of the time the 2nd Q result is bad. You buy a penny stock, and no company got not much money left to lose. So the only way out is to goreng

This is a goreng mkt. Happens everywhere. In India, stocks with ZERO revenue are the favourite. One Star went up by 4300% this year

Why play penny stocks and expect good results to be annouced. Even all the blue chips declared terrible 2nd Q results. All the 3 biggest bank declare zero dividend for 2nd Q.
This penny stock got NTA of 21 cents.
Apple room to goreng

After the current quarter loss the NTA is still 8.33 cents

This is a mkt for goreng counters. Buy blue chips and 90% the results are bad. All 3 big banks Maybank, Public and CIMB - no 2nd Q dividend

tkl88 Walaoeh, What happend ?
Damn hot man Tanco today !
Now Tanco already traded at=> 0.07 (+0.01) (+16.7 %) !
Today Tanco probably will be closed at=> 0.15 (+0.09) (+150 %) !
People are funny. We play penny stocks and expect miracle results.
Even the banks and most blue chips declared terrible 2nd Q results, what more Tanco that is in leisure business. Goreng tetap goreng. See how many losing money stocks ( some even bankrupt) goes up multiple times. GETS is good example

Big hole form the Dream City

Drastic upgrade to 47 cents Fair value.
Wonder if AmResearch do the same for Velesto and Sapura Energy

Except for Gloves we don’t not have the likes of Amazon, Zoom or Alibaba. You buy blue chip stocks and its 90% chance that the results will be bad cf last Q. You buy stocks with ZERO revenue, chances are that the results cannot be much worse - might even be better because of Govt incentives

If you analyse rationally, you will invest in penny stocks. This happen almost everywhere in the world now. Today Star Biz. Indian penny stocks went up by 4300%.

Except for Gloves we don not have the likes of Amazon, Zoom or Alibaba. You buy blue chip stocks and its 90% chance that the results will be bad cf last Q. You buy stocks with ZERO revenue, chances are that the results cannot be much worse - mignt even be better because of Govt incentives

If you analyse rationally, you will invest in penny stocks. This happen almost everywhere in the world now. Today Star Biz. Indian penny stocks went up by 4300%.

See no road ahead. Chairman and board of directors just take gaji and slowly bleed the company. No action to implement change.
Susah

Mkt cap of 63m. Heard founder pass on not too long ago. Shares could still be tied up in legal process. In this penny stock bull run, the sky is the limit

Playing this counter is a sure loss option. Glove goes up and down.
When its up, Luxchem cannot go up. When its down Luxchem follow. Also owners got ample firepower to goreng up or down

I think the plantations are mainly unmatured and not yielding. Hope the current high lumber price and subsequent maturing palms will bring co to profit soon

NTA is $1.14. Q to Q improvement is 21.36%. Corresponding Q improvement is 60.38%

There is a mark improvement in results. Hopefully can make profit soon. Results improved by over 30%. NTA is over $1

Profit up by 50% this Quarter. This 2nd Q till June 2020 is a killer Q for all companies esp oil and Gas and this co managed to increase profit by 50%. Shd be better days ahead.

Posted by GoldenShares > Aug 25, 2020 8:13 PM | Report Abuse
today forceselling for transaction on 19/08, last batch of contra chips cleared.
Your calculation is spot on. Went back in at 57 cents at the close.
Should be a slow and steady climb back again

This is a good trend reversal. Should continue slow climb back.
Puan buying back

Looks good

Already gap up by 3 bits. Sure to have profit taking

Posted by djibaok > Aug 26, 2020 10:13 AM | Report Abuse
Ini capital reduction cerita lama.... price factored in edy....
There is no reduction in the number of shares.
Refer to share holders circular
The Proposed Share Capital Reduction will not have any effect on the number of VEB Shares
and/or percentage shareholdings of the substantial shareholders of VEB.

copy and paste from the propectus

Its a book entry thing to clean up balance sheet. No effect on no of shares. Please read the propectus
The Proposed Share Capital Reduction will not have any effect on the number of VEB Shares
and/or percentage shareholdings of the substantial shareholders of VEB.

Mkt cap is 1205 million. Lost 15m this 2ndQ which is the worse Q for everyone. This is 1.24%.
This is considered very good result.

Wah. This guy no mercy. After annoucing some good news, throw from 76 cents to 55 cents in a few days

The price traded late afternoon shows that the Mkt reacted positively to the results. Morning was dead at 59.5 to 60.5 cents. Afternoon went from 60 cents to 62 cents.