lama dulu I have air asia stocks, meeting held in sepang, don't expect me to drive all the way there just to have coffee makan with tony AGM EGM never pergi hahaha
*Hibiscus Exercise Price : * The exercise price of the Warrants 2018/2021 shall be determined and fixed by our Board at a later date after receipt of all relevant approvals. The amount payable in respect of each new Share shall be calculated on an annual step-up basis more particularly set out in the Deed Poll and subject to such adjustments as may be required to be made in accordance with the provisions of the Deed Poll. For the avoidance of doubt, if in any one year, there has been adjustment(s) made to the Exercise Price, the step-up for the following year shall be applied to such adjusted Exercise Price. Step-up pricing mechanism : The Exercise Price of the Warrants 2018/2021 is subject to a fixed annual step-up of RM0.06 per year on each of the Anniversary Date, in the manner as set out below: Year Formula *Illustrative* *Exercise Price (RM)*
*Year 1*
Commencing from the date of first (1st) issuance up to one (1) Market Day prior to the first (1st) Anniversary Date (Exercise Price) *Rm0.94*
*Year 2* Commencing from the first (1st) Anniversary Date up to one (1) Market Day prior to the second (2nd) Anniversary Date (Exercise Price immediately preceding the commencement of the first (1st) Anniversary Date add RM0.06) *Rm1.00*
*Year 3* Commencing from the second (2nd) Anniversary Date up to one (1) Market Day prior to the third (3rd) Anniversary Date (Exercise Price immediately preceding the commencement of the second (2nd) Anniversary Date add RM0.06) *Rm1.06*
The step-up pricing mechanism is expected to encourage the holders of the Warrants 2018/2021 to exercise their Warrants 2018/2021 earlier to leverage on the lower exercise price.This would facilitate our Company’s earlier receipt of additional funds from the exercise of the Warrants 2018/2021. The additional funds will be utilised for potential expansion and capital expenditure, repayment of borrowings (in future, if any) and future working capital requirements of our Group.
For clarity, the market price of the Warrants 2018/2021 will not be adjusted in accordance with the adjustment in the Exercise Price on the first (1st) and second (2nd) Anniversary Dates respectively.
Hibiscus Petroleum's Australia JV gets 5-year exploration renewal term
KUALA LUMPUR (March 7): Hibiscus Petroleum Bhd's joint venture (JV) in Australia has been granted a five-year renewal term ending March 6, 2023 for the VIC/P57 exploration at the Gippsland Basin there.
In a statement, Hibiscus said the JV is made-up of its indirect wholly-owned subsidiaries Carnarvon Hibiscus Pty Ltd and Gippsland Hibiscus Pty Ltd, as well as 3D Oil Ltd in which Hibiscus also owns a 13% stake.
In total, Hibiscus has 78.3% effective interest in VIC/P57, the statement said.
Prospective review conducted on-site found seven leads and prospects comprising both oil and gas reserves.
The JV’s minimum guaranteed work programme on-site comprise geological and geophysical studies and review of results. Optionally, the JV may also develop its first exploration well for the new prospects in the fourth year of the work programme, said Hibiscus.
Of the seven inventories, the Felix inventory — the largest oil prospect — holds an estimated prospective resource of 24 million barrels (MMbbls) of oil recoverable, of which 67% or 16 MMbbls sits within VIC/P57 itself.
“The review carried out also uncovered a new gas prospect, Pointer, within the high-quality reservoirs of the Latrobe Group,” Hibiscus said.
Pointer has been determined as the lowest risk gas target with volumetric calculations conducted for the entire feature, resulting in an estimate of 250 billion cubic feet (Bcf) of recoverable gas, of which 94% or 235 Bcf sits within the VIC/P57, the statement added.
“It is an additional benefit that Pointer is optimally located to rapidly deliver gas to a deprived east coast gas market,” Hibiscus said.
The finding bodes well, considering an undersupply of gas in the Australian market and that premium prices are currently being paid for gas in South East Australia, Hibiscus managing director Kenneth Pereira said.
“Hence a potential discovery at Pointer in due course would be a likely material addition to our current revenue stream,” Pereira added.
At midday break today, Hibiscus fell 5.41% or 5 sen to 87.5 sen, with 21.69 million shares traded.
KUALA LUMPUR: Bank Negara Malaysia has maintained the country’s key interest rate at 3.25 per cent in anticipation of stronger domestic demand.
The central bank said Malaysia’s strong growth performance in the fourth quarter of last year continued to be anchored by private sector spending.
“Looking ahead, growth prospects will be sustained by the positive global growth outlook and spillovers from the external sector to the domestic economy.
“Domestic demand will remain the key driver of growth, underpinned by favourable income and labour market conditions, spending on new and ongoing infrastructure projects and sustained capital investment by firms in the manufacturing and services sectors.
“With additional impetus from the external sector, growth is expected to remain strong in 2018,” it said in a statement today.
“Inflation is projected to average lower in 2018, on expectations of a smaller effect from global cost factors,” it added.
Bank Negara said a stronger ringgit exchange rate this year will mitigate import costs.
Global energy and commodity prices are expected to trend higher in 2018, but at a more moderate pace relative to the previous year.
“However, the trajectory of headline inflation will be dependent on future global oil prices which remain highly uncertain,” it said.
Bank Negara said underlying inflation, as measured by core inflation, is also projected to moderate due to improving labour productivity and ongoing investments for capacity expansion.
The domestic financial markets, it said, had been resilient.
The broad appreciation of the ringgit in the past year better reflects the economic fundamentals.
“Banking system liquidity remains sufficient with financial institutions continuing to operate with strong capital and liquidity buffers.
“At the current level of the OPR, the degree of monetary accommodativeness is consistent with the policy stance to ensure that the domestic economy continues on a steady growth path amid lower inflation,” it said.
Water supply in Klang Valley to be fully restored by Sunday, Selangor exco says BY ANITH ADILAH
BESTARI JAYA, March 7 — The water supply in some parts of Klang Valley will be fully restored by 6pm this Sunday, Selangor executive councillor Zaidy Abdul Talib said today.
A surge vessel system burst at the Sungai Selangor Phase 3 (SSP3) water treatment plant yesterday resulted in an extended water disruption.
Zaidy, who is in charge of infrastructure and public utilities, modernisation of agriculture and agro-based industries, said the water authorities are instructed by the state government to expedite the restoration works on five pumps at the plant here which are expected to be completed tomorrow by 6pm.
Speaking to reporters after his visit at the plant today, he said the repair works are going smoothly and that 10 teams, including contractors from Syarikat Pengeluar Air Selangor (Splash) and Pengurusan Air Selangor (Air Selangor) will continue to work round the clock to complete the works within the promised timeframe.
He said the water supply would be restored in stages. Four districts namely Petaling, Klang/Shah Alam, Gombak and Kuala Lumpur should no longer face disruption by 6pm on Sunday (March 11).
Selangor State Exco Zaidi Abdul Talib gives his statement regarding the repair work on the burst pipe at the SSP3 water treatment plant near Ijok March 7, 2018.
Meanwhile, residents of Kuala Langat and Hulu Selangor should expect their water supply to be fully restored by 6am on Saturday (March 10).
“Mentri Besar Datuk Seri Azmin Ali after chairing a state government meeting this morning had instructed everyone to work together to ensure water supply is restored the soonest possible so it would minimise the impact on 563,622 account holders in Selangor.
“The plant is being managed by Splash. Their contractors are unable to complete the works so Air Selangor has offered a list of contractors for Splash to pick from which could help expedite the works,” he told reporters at the SSP3 plant here.
Zaidy explained that the 5pm incident yesterday had caused minor injuries to four on-site Splash workers and one Air Selangor worker but assured that all of them are not in critical condition.
“In fact, one of the workers have been discharged from the hospital as he did not sustain a major injury,” he said.
He said the incident took place when the water treatment plant was about to resume operations after undergoing a shutdown for emergency repairs which had been completed ahead of schedule, at 6pm yesterday.
He revealed five 1,100mm pipes suffered a blow from the incident.
Zaidy added, however, investigations to find out the cause of the surge vessels system burst is still being carried out.
He said that relief water supply via water tankers will continue to be mobilised at affected areas and their local Service Centres will operate 24 hours a day until supply is restored.
Air Selangor has increased the number of water tankers and jumbo tankers to 96 and 11 units respectively.
On March 1, Syarikat Bekalan Air Selangor (SYABAS) announced that the SSP3 water treatment plant will be undergoing a 10-hour shutdown for emergency repairs resulting in water disruption for residents in Petaling Jaya, Klang, Shah Alam, Gombak, Hulu Selangor and Kuala Lumpur for the next three days beginning yesterday.
KUALA LUMPUR, March 7 — The price of RON95 will go up, while the price of RON97 remains unchanged and diesel price will drop for the second week of March.
The price of RON95 petrol will go up by one sen at RM2.21 per litre, while RON97 will remain at RM2.47 per litre and diesel will drop by one sen to RM2.17 per litre.
The new prices were announced on RTM1 this evening and will take effect from tomorrow until March 14.
Oil prices fall as Trump adviser’s exit stokes trade war fears
SINGAPORE, March 7 — Oil prices fell today, pulled down by weaker stock markets after a key advocate for free trade in the US government resigned, stoking concerns Washington will go ahead with import tariffs and risk a trade war.
Soaring US crude oil production and rising inventories also dragged on crude prices, traders said.
Gary Cohn, economic adviser to US President Donald Trump, seen as a bulwark against protectionist forces within the government, said yesterday he was resigning, triggering a more than 1 per cent fall in S&P 500 futures in early trade today.
Crude oil followed suit, with Brent futures down 51 cents, or 0.8 per cent, from their previous close at US$65.28 per barrel (RM254.80) at 0414 GMT.
US West Texas Intermediate (WTI) crude futures were at US$62.13 a barrel, down 47 cents, or 0.75 per cent.
“The overhang from the Cohn resignation ... could see oil prices move lower during today's session,” said Stephen Innes, head of trading for Asia-Pacific at futures brokerage OANDA in Singapore.
A voice for Wall Street in the White House, Cohn's move to resign came after he lost a fight over Trump's plans for hefty steel and aluminum import tariffs.
Major powers, including the European Union and China, have warned that such tariffs could lead to retaliatory action and trigger a global trade war, which could grind to a halt economic growth and, by extension, oil consumption.
Traders said oil prices were also weighed down by a reported rise in US crude oil inventories.
Crude inventories rose by 5.661 million barrels in the week to 426.880 million barrels, data from the American Petroleum Institute showed yesterday.
“Oil prices applied brakes as market optimism reclines on bearish API weekly petroleum reports,” brokerage Phillip Futures said in a note.
Official data by the US Energy Information Administration (EIA) is due today.
Overall, oil supplies are ample despite efforts led by the Organisation of the Petroleum Exporting Countries (Opec) and Russia to withhold output in order to prop up prices.
The EIA yesterday made its latest in a series of upward revisions for US crude oil production, which it now expects to rise by more than 120,000 barrels per day (bpd) to 11.17 million bpd by the fourth quarter of 2018.
That would take the United States past Russia to become the world's biggest oil producer. The US already passed top exporter Saudi Arabia late last year.
For 2019, the EIA forecast a crude production increase of 570,000 bpd to 11.27 million bpd. — Reuters
PARIS, March 7 — The International Monetary Fund's Managing Director Christine Lagarde said today that nobody wins in a trade war and that the macro-economic impact of US tariffs on imports would be serious if other countries respond with tariffs of their own.
“The macro-economic impact would be serious, not only if the United States took action, but especially if other countries were to retaliate, notably those who would be most affected, such as Canada, Europe, and Germany in particular,” Lagarde said on French radio RTL.
Yesterday, US President Donald Trump reiterated his plan to slap big tariffs on imports of steel and aluminum, warning the European Union it would get hit with a “big tax” for not treating the United States well when it comes to trade.
“In a so-called trade war, driven by reciprocal increases of import tarifs, nobody wins, one generally finds losers on both sides,” Lagarde said, adding that she hoped that Trump would not implement the tariffs threat.
“We recommend an agreement between the different parties, and talks, talks,” she said.
However, she indicated that Trump might have a case for threatening to slap tariffs on some imports, saying there were a few good reasons to protest against the current situation.
“There are some countries in the world that do not necessarily respect the World Trade Organisation agreements, and which impose technology transfers. China is a case in point but it is not the only country with such practices,” she said. — Reuters
setau aku tessa beli hibiscus 10 bijik dulu, beli harga tinggi, so masa down 15-20 sen tessa beli banyak bijik to recover losses, dah recover dah, jual some masih ada simpan puluhan bijik lagi
jeles kat raya pun makin menebal, tu sebab YS pun malas nak layan, ada orang betul jaga, dia korang kasi flag, dengki punya pasal, busuk hati takan kaya, nengok raya macam2 projek ada, nak dengki2 pun buat apa, baru masuk raya kejab dah nak tunjuk pandai macam tau semua, orang lama kat raya X heran pun
haaa aku tau nama tu, memang dulu ada sini, X tau kisah optimus ada banyak account guna attack satu big gun, tapi tau la optimus ini, dulu dia rajin postings, X ingat sangat apa dia post, lama dah
haaa, kawan2 lama macam ft, firebird, tony, tj, john, pun lama dah tak ada sini, aku ingat mereka tukar id kut, optimus ini bukan kawan tapi tau sebab pernah baca postings dia punya dulu2
I remember vaguely names and ids here but there's one occasion when someone said to me one of the kaki in hepi forum passed away, not sure same guy or another guy ..hmmm
haaa aku ingat hepi, hepi ngan mike, forum hepi ramai kakis dulu, sekarang X nampak dah, hepi malam2 suka datang old kaki sembang2 ngan TJ, nak belajar, aku selit sama belajar, hehehe
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Tessa Joseph
7,919 posts
Posted by Tessa Joseph > 2018-03-07 12:07 | Report Abuse
lama dulu I have air asia stocks, meeting held in sepang, don't expect me to drive all the way there just to have coffee makan with tony
AGM EGM never pergi hahaha