I think KYY is is a good contrarian indicator. Which means it's probably good to use his statements to find extremes in market sentiment. I still remember how he promoted Heng Yuan last time and that's probably around the time when Heng Yuan reached the peak.

Now he is asking everyone NOT to buy to Glove company, which means it's probably near the bottom.

Again that's hindsight bias, if covid got worst or another deadly variant appears you could all be wrong about TG.

One of the most shorted stocks in the world is Tesla, it used to trade higher than 1000X PE ratio. Definitely looks like another TULIP mania at certain point of time. But some people who shorted the stock almost went bankrupt.

1. Share buybacks, The author has got the tendancy of hindsight bias, also known as the knew-it-all-along phenomenon, how could anyone know the future share price of TG? In Sept 20 - March 21, no one even know the future of covid. The shares were bought back at market price, it's easy to say the share price was too high, but no one could know at that point of time.
2. Labour issues, it's very common for a fired employee to bad-mouth his employer, but if you know TG well, they actually provides some free in house medical and gyms to maintan the health of its workers. No one remembers the good thing but very easy to pin point the negatives.
3. Hong Kong Listings, I think TG objective wasn't really to raise capital at all,TG could have reduced the dividends to retain sufficient cash. However, I think the main objective is to have global presence. Hong Kong can be a door to China's market. Getting listed also promotes better recognition world wide.

I think most of hy products are sold locally. However, increasing crack spread and recovery of gasoline and diesel price will eventually push the profit margin higher.

In order to really rebound, SD needs new auditor and clear all red flags by kpmg.
Otherwise, it's likely to be dead cat bounce.

Well Vanguard is world largest mutual fund provider.
But I have no idea why they are holding 5279, it seems counterintuitive.

Appointment of EY doesn't solve anything as the genie is out of the bottle.
The only hope is all KPMG red flags are false accusation, if that's the case why all the earlier directors resigned and major institution shareholders dispose the stocks?

Investformilkmoney, don't believe if someone tell you when to buy and when to sell.
In any stocks or assets, you should be able to evaluate the value of the company yourself.

No one knows for sure what will happen next.

Dear All,

It depends if you think the cup of water is half full or half empty.
Honestly, in a healthy market there will be willing seller and willing buyer.

This is true for Hibiscus and Repsol transaction.
Also true for anyone who thinks its bad deal and should sell the stocks.

US$212.5 m? worth it or not? For me, it depends if you believe the oil price is going up in medium term future (ie 3-5 years) or not. If you think the oil price is going nowhere or might even go down, you should sell hibiscus, cause there is always opportunity to buy back at lower price. Else, if you think the oil price is going up, I think this is a damn good deal.

Regarding the new assets will generate US$255 million cash flows in 5 years? I think it is just an estimate and for me its too dependent on the future oil price and no one knows for sure. (Else the person should be billionaire by now).