Posted by wahaha126 > 2013-04-12 10:05 | Report Abuse

TO:risk trader: totally agreed!.."IF" you already made!..wahahahahaha

Posted by imoogi99 > 2013-04-12 10:34 | Report Abuse

This is an ace SPAC. 90% of IPO will be returned to you if you dont agree to their buyout of a company i.e you will get back 67.5 sen (90% x 75sen). You just need to go to EGM and vote not agree and cash of 67.5 sen return to you. So what risk is there? Unless they dont return the money to you but then the money is in the trust and not in the company...so it will return to you. See the prospectus for more detail.

Posted by bathgel > 2013-04-12 10:55 | Report Abuse

Thanks Imoogi for your explanation

Posted by tc2012 > 2013-04-12 11:04 | Report Abuse

garantee is useless.If the company can not get any project do you think that you can get back 90% of your money.

Posted by imoogi99 > 2013-04-12 11:25 | Report Abuse

tc2012 read the prospectus and go to sc website and understand what is spac and you will get the answer.

Posted by imoogi99 > 2013-04-12 11:32 | Report Abuse

Website here helps to answer some of the question in summary form.. http://www.hibiscuspetroleum.com/about/what-is-spac/

Posted by Risk Trader > 2013-04-12 11:32 | Report Abuse

TC2012...Pls understand the T&C of SPAC. I m one of the private placement for SPAC with purchased for 500 lot with 70% loan with Hong Leong Investment Bank. My investment cost is only 30% and 90% capital is gerenti. So this placement is very low risk but high return. So next SPAC 3 is Sona Petroleum and same T& C.

Posted by weiboy90 > 2013-04-12 11:36 | Report Abuse

Sona Petroleum IPO price at 50c if i not mistaken.

Posted by Risk Trader > 2013-04-12 11:38 | Report Abuse

Yes. Next tuesday is last day for apply under MITI bumiputra share allocation

Posted by weiboy90 > 2013-04-12 11:48 | Report Abuse

Risk Trader, do you know when is the IPO date? cause i am not bumiputra. Thanks.

Posted by ayamas > 2013-04-12 11:56 | Report Abuse

risk trader..do u think this warrant still can go up?

Posted by Pinnacle > 2013-04-12 12:01 | Report Abuse

Sama sama . Risk trader- me too. Private placement from HLG. Cheers!

Posted by Risk Trader > 2013-04-12 12:11 | Report Abuse

Ayamas....this counter will fly until GE....Next resistant TP 75 cent can buy but don't contra

Posted by tc2012 > 2013-04-12 12:12 | Report Abuse

Just remember HLG also promote Lehman brother structure products so do other big bank in singapore.

Posted by ayamas > 2013-04-12 12:15 | Report Abuse

thx for ur advice..but does alot of ppl using contra to play tis counter?selling pressure is quite high izit?

Posted by Pinnacle > 2013-04-12 12:20 | Report Abuse

Risk Trader- pls enlighten 75 sen as mentioned for mother counter?
Mini PETRONAS sound good n interesting .......

Posted by ktrader > 2013-04-12 12:38 | Report Abuse

if mother 70+.....what would the son be?....40sen?....hmmm....

Posted by weiboy90 > 2013-04-12 12:41 | Report Abuse

WA already 20+% premium d if i not wrong. so just be careful.

Posted by ktrader > 2013-04-12 12:44 | Report Abuse

IPO price for cliq?

Posted by weiboy90 > 2013-04-12 12:46 | Report Abuse

0.75c
first day listing mom 0.625, son 0.125

Posted by Risk Trader > 2013-04-12 12:48 | Report Abuse

IPO for Cliq is 75 cent

Posted by Risk Trader > 2013-04-12 12:49 | Report Abuse

Pinnacle...TP 75 cent is for mother share, maybe next week can touch to that level

Posted by ktrader > 2013-04-12 12:49 | Report Abuse

Tq guys....

Posted by Pinnacle > 2013-04-12 13:54 | Report Abuse

Noted w TKs to Risk Trader. Rgds

Posted by mtr27 > 2013-04-12 22:58 | Report Abuse

just to inform to all my muslim brothers & sisters here, cliq energy bhd mother & warrant are both non-halal counter or not a syariah approved counter. Same goes to other SPAC counters. So pls keep in mind any profit derived from this counter is haram. I just confirmed about this with Securities Commission this morning. U can also checked in their website from syariah perspective. Any query can be made thru their general line 03-62048777. I've done my duty, its up to u guys to adhere or not....tq

Posted by anbz > 2013-04-12 23:44 | Report Abuse

haha tq mtr27 ...cliq is non-syariah approved...kalau muslim boleh main saham non-syariah approved , dah lama gua beli public bank,bat,...cliq is haram biz...because there is no biz yet...just wanted to aquire a biz...this the same as buying things that is speculated to 'be'...while the biz does not exist yet ,haram...however mtr27 most so called 'claimed' muslim will neglect the truth...they will use their ways/heads to negate this

Posted by Ali Lompo > 2013-04-13 11:36 | Report Abuse

mohon Details sikit, kenape haram , hukum apa yang kau pakai ,ade riba ke? judi ke ? BAT ke? memanglah tak beli aset lagi pasal duit belum ada , lepas duit dah ada baru beli aset. betul X? Asas apa yang menyebabkan ia haram ,tolong jelaskan?

Posted by starships > 2013-04-13 12:05 | Report Abuse

Asasnya ialah as long as non syariah approved, haram.

Posted by drgondrong > 2013-04-13 18:14 | Report Abuse

Its not haram lah dungu..its juz not shariah compliant YET...its spac..xde biznez how to assess if its shariah compliant or not...once dh ada flow barulah d committee members cn assess

Posted by meiqa > 2013-04-14 09:22 | Report Abuse

Mtr27 - understand your good intention, but pls check thoroughly before you postbany advise and/or intepretation. Non-shariah compliant MIGHT not be necessarily HARAM. You need to understand the process of SAC to approve, whether or not it is in compliant with Shariah.

Get a good understanding of their criteria, and methodology, before younmake such a strong comment like this.

Peace.

Posted by ktrader > 2013-04-14 10:41 | Report Abuse

An extract from SC~

Bagi Syarikat Pemerolehan Kegunaan Khas1 (Special Purpose Acquisition
Company – SPAC) diklasifi kasikan sebagai patuh Syariah, MPS akan
mempertimbangan kriteria seperti berikut:
(a) Aktiviti perniagaan yang dicadangkan mestilah patuh Syariah;
(b) Hasil kutipan daripada penerbitan tawaran awam permulaan (IPO)
hendaklah disimpan dalam akaun Islam; dan
(c) Sekiranya hasil kutipan dilaburkan, pelaburan berkenaan mestilah
mematuhi Syariah.

Posted by moneyluv > 2013-04-14 12:16 | Report Abuse

Thanks mtr27.... Good info! I thought all SPAC is syariah compliant..

Posted by arv18 > 2013-04-15 00:57 | Report Abuse

Why don't you guys go to Macau and find yourselves a Syariah compliant Casino?

Posted by ykinvestor > 2013-04-15 12:02 | Report Abuse

Will cliq follow Hibiscs's example by hitting 1.50 ~2.00 when they announce the assets that they are going to acquire soon ?

Posted by zack_liza > 2013-04-16 09:05 | Report Abuse

come back drop RM0.58....

Posted by mcd123 > 2013-04-16 10:40 | Report Abuse

You bought a knife.You do not know what are you going to do with it yet. A knife can be used to cut fruits, vegetables , chop chicken..and also can chop people's hand etc. Then buying a knife is haram? Just my 2 sen illustration.

Posted by Mohamed Amirul Arshad > 2013-04-16 19:11 | Report Abuse

For me this counter is not Haram but much to Gharar-high level of uncertainty. Bear in mind that it's better to avoid the Gharar things because we may easily fallen to prohibited zone.

Posted by yong > 2013-04-17 12:49 | Report Abuse

but at 0.625, keep o sell??

Posted by zack_liza > 2013-04-17 15:09 | Report Abuse

To me...if u got from IPO cliq RM0.625 and Cliq WA RM0.25... Now Cliq at RM0.59 and warrant RM0.25.... better u sell Warrant at RM0.25 and hold mother (Cliq)...if u bought from market better u hold bcoz warrant now premium 0.16 cent..

Posted by azam87 > 2013-04-18 18:38 | Report Abuse

"arv18 Why don't you guys go to Macau and find yourselves a Syariah compliant Casino"

what are you implying?

Posted by Flowerpower > 2013-04-19 23:41 | Report Abuse

This counter is doomed. Watch next week and then you will know.

Posted by yong > 2013-04-22 11:10 | Report Abuse

any news for this counter??keep drop...

Posted by azam87 > 2013-04-22 13:14 | Report Abuse

care to share flowerpower?

Posted by keeengsim > 2013-04-22 19:35 | Report Abuse

as a reader, i prefer a comment with rational and logic.
TQ.

Posted by tigerroar > 2013-04-23 15:11 | Report Abuse

buy low sell high :)

Posted by tigerroar > 2013-04-24 14:55 | Report Abuse

Inching up!!!

Posted by dingding > 2013-05-02 13:06 | Report Abuse

when only up!!!

Posted by Risk Trader > 2013-05-03 07:26 | Report Abuse

Today cliq will up to 0.60 cent.....

Posted by yaz717 > 2013-05-03 08:39 | Report Abuse

wait n see...

Posted by amandang > 2013-05-03 08:56 | Report Abuse

Risk Trader- Any inner news?