This PP that was listed on 14 Oct 2021 was issued at 43 cents. The 4th Tranche was to be issued at 43 cents too. Who will buy if mkt price is 29 cents. Obviously got to cancel lah

On behalf of the Board, UOBKH wishes to announce that 56,000,000 Placement Shares issued pursuant to the Private Placement were listed and quoted on the Main Market of Bursa Securities with effect from 9.00 a.m. on Thursday, 14 October 2021.

Public Bank gave TP for Serba D as 31 cents on 27 Oct 2021.
SCIB have drop by 31% from 42 cents to 29 cents. This is more than SD.

Public Bank give a TP of 31 cents on 27 Oct 2021.
Wonder on what basis

THROW THROW THROW. CATCH, CATCH, CATCH

Ya sell sell sell. I only got at 62.5. Rest still waiting in Q

Haha. Inspite of all the -ve comments, still doing ok

Last 9 Quarters all still profit. Auditor is different from SD and SCIB.
How many listed company below $1 on Bursa got 9 consecutive Quarter profit.
Company also in new Energy sector.
Will buy slowly on dips

SIR out after K Power & SCIB fully recovered.
Good plan

Suspend SD longer better. Rakuten already ask me to pick up P contract. More people pick up less selling pressure. Can wait for double limit up

Haha. Those who miss the boat still spreading negative news hoping to swim after the speed boat

Robbery

KAF Analyst give TP $1. How he get that TP?

I will buy any amount below 66 cents. Lets hope those who want to sell keep selling

Wonder why those not holding SD painting a doom senario for SD. Hoping for others to sell cheap so that they can buy?

Posted by InterFund® > Oct 23, 2021 8:50 AM | Report Abuse

Where is the news that the SIR was ready last 30th September..........................?
BURSA said that 3 out of 4 Ind Directors were informed by EY on the 30th September 2021. Look at Bursa suspension notice

You all look at the stats and judge yourself. Don't let people con you.

30/09/21 $0.32
1/10/21 $0.305
4/10/21 $0.31
5/10/21 $0.325
6/10/21 $0.335
7/10/21 $0.33
8/10/21 $0.365
11/10/21 $0.405
12/10/21 $0.415
13/10/21 $0.41
14/10/21 $0.385
15/10/21 $0.38
18/10/21 $0.385
20/10/21 $0.38
21/10/21 $0.37 ( Probably decision made by BURSA to suspend made this day)
22/10/21 $0.35 ( Suspend only afternoon session. Morning to allow trading by insiders. Look at massive volume for Half Day ) Selling was during 1st Half Hour and dried up by 10 AM)

The results of the SIR was given to SD's independent Directors on 30 Sept 2021. Obviously the 3 Ind Directors and the people from EY would have knowledge of the report. Did share price drop from 30 Sept till Yesterday. NO. Looks like Karim finally got the details and decided to switch from the warrants to mother shares (Warrants at exercise price of $2.60 is way out of money ). Karim managed to buy 1m mother shares before BURSA stop him.

K Power doesn't have any contracts from SD

Can't understand the collateral damage to K Power share price. Will just buy on dips. Big solar project sign with TNB on Aug 2021. 95% own by K Power. Report by RHB on March 2021 call for BUY at $2.22 with TP of $3.12.
AmInvest call hold at $2.22 with TP $2.31 also on 15 March 2021.
Rakuten call BUY on 6 Oct 2021 with TP of $1.28

Volume building up. Coming Q results shd be good. Losses from DIMSUM no more

Still now moving yet. Will be patient with this counter

MUSTAKIN HOLDS 49% OF GRAND DEAL. SARAH HOLDS 51% GRAND DEAL. COMPANY TO PERSONAL TRANSFER.
At the same time, another 10.18% stake was acquired by Grand Deal Vision Sdn Bhd, a privately held company owned by Mustakim Mat Nun (49%) and Sarah Azreen Abdul Samat (51%).

CIK SARAH GOT NO DIRECT SHAREHOLDINGS. HER HOLDINGS IS THROUGH GRAND DEAL VISION. PASS FROM 1 SHAREHOLDER TO ANOTHER THROUGH DIRECT BUSINESS DEAL, NOT VIA OPEN MKT. GRAND DEAL TO MUSTAKIM

Agree 100% with Solomolo
he thinks SIR is bad but he's still here ...LOL
Worse case senario is 28cents ie 100% of issues raise by KPMG is true.
Best case senario could be $1+.
Decide on risk reward ratio

PLEASE WRITE OR EMAIL TO HIBISCUS CORPORATE OFFICE (NOT SHARE REGISTRAR) TO INDICATE INTEREST IN SUBSCIBING TO FUTURE TRANCHE OF CPRS. YOU NEED TO BE SOPHISCATED INVESTOR TO QUALIFY, IF NOT THEY ISSUE QUITELY AGAIN. SHAREHOLDERS GOT ROB IF CONVERTION PRICE IS SET TOO LOW AS WAS THE CASE WITH 2ND TRANCHE. NO OFFER WAS GIVEN TO SHAREHOLDERS

Is there more crps? I think no more. I think they HV converted 90+%. The extension was those balance. Correct me if I'm wrg. Again,my feeling my feeling is many ppl bought at 95c to Rm1. So if now price goes down, sure they will run. Like Chinese saying, see ghost once u not scared dark? Again, I believed fundamentally it has changed better n oil price still high. I continue to keep buy no more top up because it is 25% of my portfolio already.
APPROVAL FOR CPRS IS RM2B. 1ST TRANCHE WAS NOT TAKEN UP. THINK 2ND TRANCHE WAS 200M AT A CONVERTION PRICE OF 48 CENTS. WITH THE HUGE PREMIUM
90+% OF THIS 2ND TRANCE IS CONVERTED.
STILL GOT 1.2B CPRS NOT ISSUED. THAT WHY THEY ASK FOR EXTENTION TO ISSUE THIS CPRS. REFER TO COMPANY ANNOUCEMENT AT BURSA

Could be pushing down the price for issuing CRPS at low price again

Disappointing. The only O&G counter that have not break out price wise

Refer to the cut & paste ABOVE.
The 2B CRPS is not aborted but extended by 6 months. Can still happen.
The previous CRPS was not given to shareholders but quietly issued to CEO
and their Machai at a conversion price of $0.48 and carrying a coupon rate of 1.55% when the mother shares were trading at 55 to 60 cents.
SO BE CAREFUL of a REPEAT scenario. Better for those to hold hibiscus to drop a email to the corporate office (Not Share Registrar) indicating interest to subscribe to any new CRPS to be issued.

VALUATION - How much is Hibiscus Worth

SOON, the 3rd child will be delivered. And what a productive child too – it would increase current production from 9,000 bpd to about 27,000 boepd. The 27,000 is barrel oil equivalent (boe) as the gas production is converted to oil equivalent.

In the previous write-up, there was still the possibility of more CRPS (and dilution) being issued, giving an estimated valuation between RM 1.16 to 1.29, now CRPS route is not required, the revised value would be RM 1.42.

The 2022 matured sukuk also trading steady. Price did not collapse. No worries

Good results, price come down. All quarters profit. Just average down

Posted by Raiz368 > Oct 13, 2021 10:44 PM | Report Abuse

56 mil PP at 0.384 to be listing tomorrow...

MATI. 25% Profit Margin for the beneficiary

KL Screener says 527 m shares issue at $.3839. 100% of share capital issued?

Reference is made to the earlier announcements dated 3 May 2021, 10 May 2021, 18 May 2021, 27 May 2021, 18 August 2021, 26 August 2021, 27 August 2021, 3 September 2021, 10 September 2021 and 13 September 2021 in relation to the Private Placement.

On behalf of the Board, UOBKH wishes to announce that the Board had on 5 October 2021 resolved to fix the issue price for the Private Placement at RM0.3839 per Placement Share.

The issue price of RM0.3839 per Placement Share represents a discount of approximately 9.99% to the 5-day VWAP of SCIB Shares up to and including 4 October 2021, being the last traded day of SCIB Shares immediately preceding the price-fixing date of RM0.4265 per SCIB Shares.

Minimum downside. Big upside. Weigh the odds

Minimum Downside Risk. Potential windfall

Next Week 60 cents

Recent push down may due to the Board had on 5 October 2021 resolved to fix the issue price for the Private Placement at RM0.3839 per Placement Share. Tomorrow onwards the price will increase
Where you get this?
Read that the last PP was at 58.5 cents

Investment in Anasuria North Sea is burnt. Hangus.

The UK license expired on 30 September 2021. Not renewed by UK government. Exploration rights at North SEA BURNED?

When the accounts were supposedly hidden, all IB's recommend buy.
Now all recommend sell. All can see the hidden figures. Think reverse and buy

When the accounts were supposedly hidden, all IB's recommend buy.
Now all recommend sell. All can see the hidden figures. Think reverse and buy

I think the prospect of SCIB is better than the other 2 Karim counters. SCIB is the largest prefab supplier in East Malaysia. With the state govt of Sabah & Sarawak having more power, infrastructure spending will increase. SCIB shd got more contracts from Sarawak and Sabah soon,. Sarawak State elections coming. Best counter for political payout now from a low base

Loss making Dinsum already retired. Looking for better results

Revenue just drop 10% but profit drop 90%. Adjustment to cover the over reported profit form last Q. Guess got time to cover the tracks for the independent reviewer to gave a good outcome. Money talks. Weigh risk to reward. With revenue holding up well, the profit shd return sooner.
By the way the sukuk due May 2022 is holding well

Among all 3 Karim counters, SCIB drop the most of their high. $2.70 to $0.40. Smallest market cap of only 210m.Serbadynamik is $2.07 to $0.30. Mkt cap is 1.137B. K Power is $2.90 to $0.62. Mkt cap is 285m.
Since the problem start with SD, I feel the best bet for a quick rebound is SCIB.

With this kind of losses and the company warning that it will be difficult times ahead, I suppose a massive rights issue is likely. They may support the price to call for a rights issue, but the problem does not go away.