HIBISCUS PETROLEUM BHD
KLSE (MYR): HIBISCS (5199)
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Last Price
2.00
Today's Change
-0.04 (1.96%)
Day's Change
1.98 - 2.05
Trading Volume
2,304,000
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
68 people like this. Showing 50 of 105,103 comments
Didn't u read that the acquisition was done many years back. The profit accrued from the time of acquisition till October 2024 is almost sufficient to cover the cost of acquisition. And the capex. Didn't u read it's just a estimated capex. Same like the capex for 2024 was estimated to be higher but actual is lower? Dr K had grew this company from a few k bbd to almost 35k bbd in 2025. Can't you just has faith in his management and numbers
4 weeks ago
370 million for dividend? 7.5cents per share. With 80 million shares it will be about 60 million? I was wondering u keep bad mouthing hibiscus and wat is Ur intention if Ur facts and figures r wrong
4 weeks ago
ahh... my bad. I invested in Hibiscus, trying to understand the whole picture, don't get so upset. So, with dividend staying the same, that would still mean Hibiscus will need to raise approximately RM 1.21 billion, assuming projects and dividend stay? I put RM 700 million for Brunei acquisition after assuming RM 280 million was declared by the Brunei assets to be enjoyed by Hibiscus. Is 280 million too little or too much?
4 weeks ago
To be frank, I have been investing in hibiscus for a decade. From the Brent price of 100 to negative territory and back up to 130 and now 70 plus. Throughout this journey the return is not as good as other god like counters. But then we have to ask ourselves a question. Did the hibiscus management failed us before in terms of their guided production, forecast dividend, acquisition. As far as I remember, everything they promised they do make it come true. The only setback in this counter is the continuous fall of share price. But that's the consequence of expansion, as somebody knew that with the acquisition, new drilling, high capex, the company wouldn't be able to fight the market using share buy back. However as soon as hibiscus made more n more profit, the free cash flow in the coffer may finally be used to support its share price
4 weeks ago
Just compare the production qty, oil price and USD/MYR for now vs 2018-2019. Without capex, they can easily pay rm0.50 dividend. Want or dont want only. Why dont want ownself figure out.
4 weeks ago
The purchase price is about 1.2 bill. Deduct 20 percent of down payment then it's about 950 mill. Deduct the retained profit since 2021 till now, maybe another 400 mill. Deduct again the sliding USD myr rate by 8 percent which is about 40-50 mill. So I guess acquisition might just be around 500 mill range.
4 weeks ago
Exactly ninja. The management decided for expansion than returning all profit to us. But am I sad about it? No. Bcoz the acquisition of repsol asset has proven to be deal of the century. And with the current depressed share price, it always provide us a chance to buy in. Those who keep pressing give us a chance to collect more.
4 weeks ago
The unit production costs for these assets for the 12 months ended 31 December 2023 have decreased (currently averaging USD 25.54 per boe, USD 21.31 per barrel, and USD 13.32 per boe for Anasuria Cluster, North Sabah and Peninsula Hibiscus respectively).
Therefore if Brent at $80/bbl thats 80-25.54=54.46 profit?
Thats 25.54 x 7,865bbls x 365 days = $73,318,316 per annum?
Is this correct ?
4 weeks ago
kahhoeng,
MB concern on capex is not a concern at all. The reason behind why Jeremy Yap from MB gave lower TP is his NPV is lower than the rest. Very much lower. Any companies can easily get borrowings from banks e.g. E&O, Parkson
2 Less revenue FY25. 5199 has a production target for 2025-2026. 5199 intend to produce 35,000 - 50,000 bpd. As of today, 5199 already achieved the lower end of its target for 2025 -2026. That is 35,000 bpd.
3 As of reduction on production from existing asset in FY2025. Sometimes, they did this on purpose. You sell everything you got when price is high. You keep some when price is low. We do this all the time. Crude and LNG tankers just anchored nearby waiting for offtakes/offloading. There are also other fields are in 5199 pipeline e.g. North Sea, PM3 CAA and expected to go online early next year. This includes Brunei assets as soon as TotalEnergie agrees. And it appears that 5199 is very confident this will happen soon. The existing staffs just change their fireproof coverall from TotalEnergie to Hibiscs. And off they go.
4 As for lower exchange rate & crude oil prices. We especially those in Oil&Gas upstream industry know we can always increase our production to compensate this. It is true that Brent oil once dipped below USD40 or even gone as low as USD21, this is due to new entrant, oil shales. OPEC didn't want to loose their market share, so they dropped their selling price to maintain market share. Now due to fracking process, many countries banned extracting crude oil using fracking process.
5 5199 already made their forecast from 2025 onwards, brent oil will drop further from 72 - 75 range. And they already have a mitigation plan in place.
I find that these concerns are exaggerated and not taken into account that OWNERs or COMPANYs build tanks that they dont explode, structures that wont fail and ships that wont sank.
3 weeks ago
Well said nazr690519a. The share price is out of our control. But the fundamentals can't be manipulated. Hibiscus has always plan ahead of time. We just need to follow their plan
3 weeks ago
nazr690519a, thanks!
I suppose, we can only wait to see
1. How much Hibiscus has to prepare to pay for Total's asset in Brunei. If it's below RM 700 mil, that would be a plus? And what would the total debt Hibiscus has to take given dividend/capex plan and Brunei acquisition?
2. How low actual oil and gas price relative to Hibiscus forecast, assuming Hibiscus has in place a mitigation plan. My assumption is a FY25 operating cash flow of about the same or slightly lower with the Brunei's asset due to lower price going forward (bad economy or competition?) Delivering a higher operating cash flow above RM 1 billion would be considered positive?
3. The ability of Hibiscus to actually cutting capex should oil price dip below 75 to a level Hibiscus balance sheet can afford?
3 weeks ago
Told ya, not worth investing in this green washing company….. IB’s are looking at “greener pastures”. 🌿
3 weeks ago
oil is falling fast. I am hoping for brent staying strong above 75, but it's 69 now. My best guess, that's why it's below 2 now. Sigh!
2 weeks ago
Oil settles near 3-year low on weak demand outlook ...
https://www.reuters.com/markets/commodities/oil-steady-supply-disruptions-storm-francine-offset-weak-demand-2024-09-10/
2 weeks ago
Hibiscus bought back a load of shares today. They know it's an absolute bargin.. PE is 3.. Where can you find that! Anywhere?
2 weeks ago
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3483064
thanks to the BODs, an addition RM 0.01 per share dividend (entitlement date to be determined) on top of the earlier announced RM 0.015 per share dividend ex- Sep 25
2 weeks ago
Awesome, Hibiscus moves back up to RM2.10 level. Next resistance will be RM2.30 🤗
1 week ago
Also interesting that Hibby is now mostly gas. And gas is up almost 15% in the last month....
1 week ago
NatsukoMishima
If my estimation is correct it will back to rm 1.20
09/09/2024 7:57 PM
7
Jepun why rm 1.20?
1 week ago
This Nutsuco had no idea what he talking. He doesn't even know about the share consolidation during the RM1. Does he think the stock just jump from 1.2 to 2.75 with such terrible gap ?
1 week ago
Global oil demand averaged 102.5 million barrels per day through September 18.
https://www.rigzone.com/news/jp_morgan_talks_global_oil_demand-20-sep-2024-178167-article/
1 week ago
When's everyone going to cotton on that Hibby is now half Gas and moving more in that direction. Gas has gone up 20% this month and still rising..
6 days ago
Traders still thinking hibiscus is an more oil and less gas company. Nvm. Let them press more. I'm buying for the future. Anyway its a matter of belief. By 2028 with a production of 50k bbld. I don't believe it won't touch RM 5
4 days ago
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12 hours ago
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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....
kahhoeng
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=148095&name=EA_GA_ATTACHMENTS
The purchase consideration is approximately RM 1.21 billion, with RM 0.23 billion already paid, leaving RM 980 million. There is no mention how much dividend has been declared for FY2023, so the maximum amount yet to be paid should be at least RM RM 700 million, assuming FY2023 and 9 months FY2024 RM 280 million was declared (quite generous already?). With RM 230 million and assuming this amount should be kept for rainy days, Hibiscus will have to secure RM 700 million loan for Brunei acquisition, RM 370 million for dividend (assuming dividend to be the same as FY2024), and RM 450 million for capex (USD 260 million or RM 1.15 billion - operating cash flow of RM 700 million, assuming 30% drop (reasonable?)). That would mean, assuming brent is relatively stable, Hibiscus will need to raise approximately RM 1.52 billion, correct?
4 weeks ago