HIBISCUS PETROLEUM BHD

KLSE (MYR): HIBISCS (5199)

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Last Price

1.92

Today's Change

-0.04 (2.04%)

Day's Change

1.92 - 1.97

Trading Volume

3,254,100


69 people like this.

105,371 comment(s). Last comment by STFUrr88 1 day ago

Posted by Alextan916 > 1 week ago | Report Abuse

May I know where can see the net short seller volume?

wattsy

57 posts

Posted by wattsy > 1 week ago | Report Abuse

Note gas prices are creeping up again and should continue to do so into the new year. Analysts and those dumping completely miss this point. Hibiscus is cash rich and will keep buying shares and will also make great money, especially after Q1 when the full capacity of the gas asset which is Brunei is realised into the financials. Adding to my position also, even though I'm down overall

Posted by jimmylim11 > 1 week ago | Report Abuse

Alextan it can be seen usually the next morning on bursa malaysia website. Go to market statistics - securities. Then find the net short sellers box.

STFUrr88

53 posts

Posted by STFUrr88 > 1 week ago | Report Abuse

Perhaps we need to ask these ppl why they hate hibiscus so much. Please don't channel Ur hatred here. Plus according to the latest development on marigold and sunflower field, it is expected to produce 40k bbd at its peak. hibiscus is basically safeguarded with plenty of untapped resources. It might not be a dream to see a production of 100k bbd of oil and oil equivalent.

Posted by Sangranghaeyo > 1 week ago | Report Abuse

It has fallen through RM2. Time to grab some 😁

Posted by jimmylim11 > 1 week ago | Report Abuse

Shorts covering 282k lots yesterday

Net shorts now 14,222k lots

STFUrr88

53 posts

Posted by STFUrr88 > 1 week ago | Report Abuse

Allowing shorties to cover position at 1.99 is definitely not good for us.

Posted by jimmylim11 > 1 week ago | Report Abuse

Since now we are at lows of over 2 years time frame, all shorts will make money. We can’t stop them.

What we should hope instead is for more shorts covering. That should signal the bottom is found and the more they do that, more buyers will come back. There is still rm28 mil to cover. Hopefully this may push the price up by 10 cents if not more.

What I am fearful of and disgust is if C69 at rm2.15 by may and C71 at rm1.85 by July will be out of money!! Please, let these IB lose money on these 2 if not all call warrants.

STFUrr88

53 posts

Posted by STFUrr88 > 1 week ago | Report Abuse

Yes Jimmy. To issue warrant at these prices are totally a humiliating sign to the share price. We shouldn't let them win. To be frank if I could, I would have sacrifice all dividends in exchange of SBB. Just wipe out all these shares for the sake of future.

Posted by Alextan916 > 6 days ago | Report Abuse

Hope the crude oil shooting up to 80 again

STFUrr88

53 posts

Posted by STFUrr88 > 5 days ago | Report Abuse

Today's SBB is on the strong side. That's the only way to support the share price

Posted by jimmylim11 > 5 days ago | Report Abuse

My friends

https://ir2.chartnexus.com/hibiscuspetroleum/docs/press/2024%20Hibiscus%20Investor%20Presentation%20-%20Dec%20R1.pdf

Please take some time to understand the company a little better.

Hibiscus now is almost 50:50 Oil to Gas. Gas price is creeping higher.

STFUrr88

53 posts

Posted by STFUrr88 > 5 days ago | Report Abuse

There's almost negligible negatives apart from the shareholdings. Basically the current share price is low due to large holding by retailers (weak holding power), high free float shares in market. Well done management and thanks Jimmy for these slides. It's easier to read graphs n charts for better understanding

Posted by jimmylim11 > 5 days ago | Report Abuse

We all know yesterday SBB was 1000 lots. Shorts covering yesterday was 238 lots.

However, there were 22 lots new shorts.

Hope to see stronger shorts covering to provide us with a signal that bottom has been found

STFUrr88

53 posts

Posted by STFUrr88 > 3 days ago | Report Abuse

SBB didn't resume yesterday for unknown reason. A bit disappointed as currently volume is low and minimal SBB will provide a massive support

Posted by jimmylim11 > 2 days ago | Report Abuse

125k lots shorts today, bringing down the price to RM1.96

Posted by Sangranghaeyo > 2 days ago | Report Abuse

Shorties continue to short, we continue to buy. Hibiscus will shoot back to RM2 above once they cover back their short position

STFUrr88

53 posts

Posted by STFUrr88 > 2 days ago | Report Abuse

Yup. I buy for 2028. Not buying for tomorrow. A tortoise race for us to achieve our target. Slow but definitely

Posted by jimmylim11 > 1 day ago | Report Abuse

Happy to see big boss Michael back to collect more

STFUrr88

53 posts

Posted by STFUrr88 > 1 day ago | Report Abuse

The only bright point for yesterday. Today I've accumulated the largest single batch of stock in my life at 1.92. might not be the lowest for this share. But hopefully one of the lowest.

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