Posted by kahhoeng > 2024-05-24 17:00 | Report Abuse

oil down lah... this co, oil down, share price down, oil up, share price no guarantee up.

Posted by James_Bond > 2024-05-24 17:03 | Report Abuse

Great, should start shorting hibiscus then…

Posted by James_Bond > 2024-05-24 17:04 | Report Abuse

Easily get the hibiscus tickets coz many floating shares around

Posted by Six6thsense > 2024-05-24 17:21 | Report Abuse

Ok. Sold all

Posted by EngineeringProfit > 2024-05-24 17:26 | Report Abuse

Start collecting....hehe

Posted by James_Bond > 2024-05-27 15:59 | Report Abuse

https://www.cnbc.com/amp/2024/05/26/iran-plans-to-raise-oil-output-to-4-million-barrels-per-day-tasnim.html

Posted by James_Bond > 2024-05-27 16:02 | Report Abuse

Bought at 2.55 this morning… I m going to take profits due to Iran increasing oil output!

Posted by Sangranghaeyo > 2024-05-28 11:11 | Report Abuse

OPEC Remains Optimistic About Global Oil Demand

https://oilprice.com/Latest-Energy-News/World-News/OPEC-Remains-Optimistic-About-Global-Oil-Demand.html

Posted by learner9 > 2024-05-28 16:57 | Report Abuse

why is it dropping today?

Posted by Six6thsense > 2024-05-28 20:10 | Report Abuse

Because someone want it to drop

Posted by James_Bond > 2024-05-31 08:43 | Report Abuse

Poor US share performance overnight!
Dow 38,111.48 (-330.06)
S&P 5,235.48 (-31.47)
Nasdaq 16,737.08 (-183.50)
Brent oil 81 (dropping from 84)

You should know the odds what will happen to hibiscus share performance today!

Posted by James_Bond > 2024-05-31 09:43 | Report Abuse

Hibiscus broke support level 2.54, run for your life!

Posted by Squirtle > 2024-05-31 10:45 | Report Abuse

Issit war good or bad for Hibiscus leh

Posted by James_Bond > 2024-05-31 11:02 | Report Abuse

Impending WW III only will help hibiscus share…

Posted by James_Bond > 2024-05-31 11:03 | Report Abuse

Time for hibiscus to do share buy back..

Posted by James_Bond > 2024-05-31 11:13 | Report Abuse

https://www.cnbc.com/amp/2024/05/30/trump-guilty-crime-felony-what-happens-next.html

Posted by James_Bond > 2024-05-31 11:15 | Report Abuse

Oops… Ukraine-Russia war might worsen and drag even longer…

Posted by James_Bond > 2024-05-31 11:29 | Report Abuse

Comrades, time to load up hibiscus! Expecting wars going to happen soon… Cheers!

Posted by twynstar > 2024-05-31 12:31 | Report Abuse

Thanks to Mr Market, got chance to accumulate at RM 2.51. Will hold at least 5 years



I posted this on 16/09/2023

I started INVEST hibiscus since 2020

In May 2020, first bought at range of RM 0.500-0.615 ( before share consolidation), but sold all shares in 23/11/2020 with RM 0.550. ( VERY REGRET NOW)

In July and August 2021, accumulated at range of RM 0.605-0.665, no chances to buy at this price already.

In August and October 2022, accumulated at range of RM 0.815-0.825, no chances to buy at this price already.

In June 2023, accumulated at range of RM 0.895-0.905, no chances to buy at this price already. ( HOPEFULLY STILL GOT CHANCE TO BUY AT THIS RANGE)

As long term investor, I am very happy to growth my wealth with hibiscus. I just target compound growth of 10-12% per year (included dividend). This is my strategy:

Step 1: Save money every month

Step 2: buy low and dont chase high. Hibiscus is cyclical stock. Mr Market sure will give us one or two chances every year to accumulate hibiscus.

Step 3 : Be discipline and repeat Step 1 and Step 2

Posted by Chidi Shi > 2024-05-31 12:43 | Report Abuse

我在等着你们丢票，多多益善！来吧！

Posted by Chidi Shi > 2024-05-31 13:27 | Report Abuse

跟随国际石油下跌趋势中

Posted by Chidi Shi > 2024-05-31 13:28 | Report Abuse

Hibiscus越来越低了，就快血本无归喽！

Posted by Six6thsense > 2024-05-31 16:47 | Report Abuse

Ok. Sold all

Posted by Sangranghaeyo > 2024-05-31 19:41 | Report Abuse

Thank you, Six6thsense. Guess you sold it at 2.50 because I bought it at that price 😁

Posted by James_Bond > 2024-05-31 23:14 | Report Abuse

Well said Twynstar. May the force be with us all! Cheers!

Posted by James_Bond > 2024-06-04 08:42 | Report Abuse

Oh no, Brent oil USD 78!

Posted by Six6thsense > 2024-06-04 09:49 | Report Abuse

Free fall. Stressful. Nice

Posted by James_Bond > 2024-06-04 11:34 | Report Abuse

Oh no, Brent oil USD 77.88!

Posted by raymondroy > 2024-06-04 12:56 | Report Abuse

hibiscus is amazing, in the last 2 qtrs it earned 12.72 and 12.71c per quarter, and annualised thats 4.8x PER !!! which is so low, brent was in the range of 82-86/bbl.... well now its averaging about 81-82 but still respectable. The production of oil can only increase hereon.... so much much potential for this little flower

Posted by investor77 > 2024-06-04 13:16 | Report Abuse

Production has increased due to new discovery. Yet, share price is languishing, and this is not justifiable as it has low PE and pays quarterly dividend. Even C 58 at 2.5 cents is at lowest for year, and those daring enough will be aptly rewarded. Ratio at 2.5:1 and ex px of 2.60 rgt. Expires 30/8, i.e. 3 months away. Price will be up when Brent goes up as it is highly correlated.

Posted by raymondroy > 2024-06-04 14:52 | Report Abuse

oh wow.... call warrants, these are very very risky, C58 is trading at about 10% premium, 22c above .... yes there is 3 mths left but share price is hardly moving and need to wait next qtr announcement which will be on 23 Aug, which is just in time I guess :-) all the best...... rest of warrants all trading 20% premium and above

Posted by soon9913 > 2024-06-04 16:07 | Report Abuse

oil price drop.

Posted by soon9913 > 2024-06-04 16:07 | Report Abuse

even price drop still good price to make good profit

Posted by Six6thsense > 2024-06-04 16:39 | Report Abuse

Assume oil $60 and trade wisely

Posted by James_Bond > 2024-06-04 21:05 | Report Abuse

Oh no, Brent oil USD 76.90!

Posted by greed123 > 2024-06-05 09:21 | Report Abuse

Inflection point has yet to come, retailers will be last to hear the news. Invest in future energy solutions not on earth degrading companies.
.. turbulence was long predicted due to global warming; https://bbc.com/news/science-environment-65844901

Posted by ZoeZoe > 2024-06-05 09:33 | Report Abuse

but the action of OPEC to increase production for Brent in wake of weak economy is strange and surprising! won't this cause the prices of Brent to fall more at least in the short term!

Posted by Penergy > 2024-06-05 10:29 | Report Abuse

Div 6 sen only why chased high? Penergy RM 1.5 can give 11 sen dividend.

Posted by Why_ > 2024-06-05 14:43 | Report Abuse

Kenneth Pereira does not buy more? Own <10% not enough. Should make it 30% or more if Hibiscus so good as claim by QR. He prefer place his money in FD for better sure return?

Posted by maps > 2024-06-05 15:06 | Report Abuse

seems like the only oil counter that is dropping day by day. shit stock

Posted by Ravetidus > 2024-06-05 15:57 | Report Abuse

i wonder why management does not perform share buyback now

Posted by EngineeringProfit > 2024-06-05 16:19 | Report Abuse

Can buy now

Posted by Trianon > 2024-06-06 15:25 | Report Abuse

catch some @ 2.38 this morning 🤗

Posted by twynstar > 2024-06-06 15:28 | Report Abuse

repost my comment on 20/02/2022



agree with you, i3lurker.

Sure will maximize hibiscus in my portfolio if got chance to buy the dip, may be around 80sen. Will wait patiently.

but hibiscus is quite different with Serba in view of :

1) hibiscus is debt free company

2) hibiscus sells North Sabah crude oil to one company only, which is Trafigura and share 50% profit with Petronas. So it is quite difficult to manipulate the accounting.

3) hibiscus sells Anasuria cluster crude oil to one company only, which is BP Oil and share 50% profit with Ping Petroleum. So it is also quite difficult to manipulate the accounting.

4) hibiscus has no asset or project in Middle East. hibiscus got bad experience in Oman business before.

5) hibiscus plans to acquire another asset in Southeast Asia, not in Middle East

6) For next 3 years, hibiscus will be quite busy with Repsol assets, Teal West Project and Marigold Project.

7) hibiscus management team has excellent track record. Shell, Exxon Mobil, Repsol, Petronas, Petrovietnam, BP Oil and Trafigura trust Hibiscus and quite happy to do business with hibiscus

Posted by Six6thsense > 2024-06-06 16:57 | Report Abuse

I choose to lie down flat. Nothing to worry.

Posted by Mar2083 > 2024-06-06 19:59 | Report Abuse

Potentially may test 2.5 tomorrow

Posted by EngineeringProfit > 2024-06-06 20:05 | Report Abuse

Yup, I am back

Posted by KClow > 2024-06-07 11:08 | Report Abuse

Buy good share

Posted by James_Bond > 2024-06-08 09:38 | Report Abuse

Buy queue at 2.37/2.38/2.39/2.40 all matched! Cheers!

Posted by EngineeringProfit > 2024-06-08 09:52 | Report Abuse

As long as average price below 2.45, proft$ guaranteed