RHB Research believes market mispriced Hibiscus

RHB Research believes market mispriced Hibiscus

Day 2 (26 july) ~ Hibiscus Petroleum very active and doing fine!

The HIBISCUS PETROLEUM Trade... Update for Day 2

Very actively traded in Top 5 by volume ~ making up for lost ground in yesterday's muted debut!

Day 2 (26 july), 10:41am - Hibiscus doing fine!

Day 2 (26 july), noon closing - Hibiscus is up, up...!

Day 2 (26 july), end-of-day (eod) closing - Hibiscus is up, up...!

Hibiscus share price trend (first 2 days trading).. 

Profile for Hibiscus-WA..

Hibiscus-WA share price trend (first 2 days trading)..

The Hibiscus Petroleum IPO Story & Listing, Today!

As at noon, 25 July 2011...

This is the first SPAC (special purpose acquisition company) to be listed on Bursa Malaysia, a new phenomenon for us. To many its something out of this world. I believe its a unique opportunity for small timers to have a share in the exploration and production of small oil and gas fields available in this side of the world, in Malaysian shores included... and perhaps in the Spratly's Islands?. 

Think of Hibiscus Petroleum having say, a 15-20% stake, of the Kikeh oil field discovery...off the coast of Sabah ~ what a gold mine it might have been? And earlier on, in 1983-85, when I was studying in Down Under, I did invest a bit in Offshore Oil NL - then having a small stake in the Jabiru Oil discovery between Northern Territory and Timor. With just a bit of oil find news triggered the share to move up from a mere 7 cents to 17 cents! Not bad for a small timer studying at ANU then. The point I am trying to make is this, if only such an opportunity exist on Bursa Malaysia wouldn't small timers have a chance to earn something akin to the JRs of TV soap opera "Dallas", albeit just a bit? 

How can small timers ever have a chance to invest in Petronas, even if its listed on Bursa? I have voiced my opinion for such a possibility in some of my articles in The EDGE Malaysia. Yes, why can't the Government float a certain portion of Petronas shares - just like what the Brasilian Government did for Petrobras? And yes, see what happens to the Brasilian economy of today?

I would dearly love to see that happening in due course, but for the time being what irks me was the way the IPO for Hibiscus Petroleum is being processed! Internet checks on the balloting of shares can only be confirmed today online at Equiniti's website.... and the public listing is today! How can we, small timers, sell our shares if by today we are not sure whether our applications are successful or not? Definitely no results of such came through the mail (physical mail) at the time of blogging! Aren't we short changed by this 'glitch'? I would wish to sell the warrant component first given the chance... but how could I when there's no official news of the IPO's notice of allotment?

Bursa Malaysia regulators... in you we trust! Is it that today's trading is just for the institutional blocks? Why I suspect that is the fact that the retail portion of the IPO is no where to be seen, at least I haven't received mine even by noon today (an earlier check from Bursa Malaysia's website indicated that the Bumi portion was 100% fully subscribed)!. 

As it turns out, trading was a muted affair for the debut today ~ Hibiscus (down 10 sen) but Hibiscus-WA was up 1 sen! There goes the chance to trade the warrants first!

Hibiscus Petroleum public issue oversubscribed 3.8 times

Hibiscus Petroleum public issue oversubscribed 3.8 times

Kopitiam Talk & Intellectual Discourse: Tracking an IPO - The Case for MSM ..

(c) ArifinLatif Consulting, 12jul11, 8:31am

Kopitiam Talk & Intellectual Discourse: 

Tracking an IPO - The Case for MSM

=> Bias reversal signals a potential downturn on 11 July 2011!

MSM-12jul11,advGET

 ==========

(c) ArifinLatif Consulting, 12jul11, 7:55am
 

How to Track a New IPO: The Case for MSM

=> Too early/insufficient data to get accurate signals???

=> Stochastics trending downwards - from 69 to 68.8, now at 55.9
=> Price oscillator....? insufficient data to invoke a calculation! 

My ANALYSES:

1. Stochastics => on the high side, from 69 down to 68.8 and now
at 55.9 (trending downwards!).
2. Mini EWA (Elliot Wave Analysis) => waves 1, 2, 3 completed... expect wave 4 to unfold.
3. Price reversals timing => fits into 2,3 and 8-day fibonacci sequence!
4. Wilder's Swing index => signals a 'short sell' Friday, 8/7!
5. Bill William's Profitunity Analysis => fake bars (last 2 days - categorised as 'slightly dangerous'!)
6. Japanese candlesticks => Inverted hammer on 7/7 + Three black candles appearing on 11/7!!!
 

My PROGNOSIS:

Take profits first... re-enter when mini wave 4 unfolds. 

Happy trading guys & gals! 

Salam.

MSM-12jul11,MetaStock11

Kopitiam Talk & Intellectual Discourse: Tracking an IPO - The Case for MSM

(c) ArifinLatif Consulting, 11jul11, 8:27am

Kopitiam Talk & Intellectual Discourse: 

Tracking an IPO - The Case for MSM

An interesting IPO and a startling debut for MSM (Malaysian Sugar Manufacturing)... bought over from Robert Kuok's stable of companies... kudos for FELDA Berhad. Good marks for the Govt's ETP with respect to the capital market masterplan!

If you are a long term investor, just lock up your MSM shares and move on looking for similar IPOs. Fundamentally, just follow the PER and/or the perceived multiples of its earnings ~ yes just trust the financial analyst's evaluation.

But if you wish to trade, or trade-and-invest, then technical analysis can offer some pointers.... after 9 days of up, up and away scenario chances are profit taking will appear. When? It is now... with stochastics 'cutting from above' over the 80% line! 

From a mini EWA, I saw a mini wave 1 (day 2), mini wave 2 (day 3, touching 2.618x level) and a potential mini wave 3 (day 8)... yes a 2-3-8 fibonacci sequence in play?  

My Take >> Take profits first and re-enter later!

MSM-11jul11,advGET

==========

(c) ArifinLatif Consulting, 11jul11, 8:40am

How to Track a New IPO: The Case for MSM

Too early (not enough data) to get accurate pointers! Nevertheless, here are some of my analyses:

1. Stochastics on the high side, down from >80 to now at 68.8 (trending downwards!).
2. My own mini Elliot Wave Analysis (EWA) shows a mini wave 1, 2 and 3 completed...so  next move, a possible mini wave 4 (correction wave).
3. Wilder's Swing index signals a 'short sell' there last Friday!

My prognosis>> take profits first and re-enter when mini wave 4 unfolds. Happy trading guys & gals! 

Salam.

MSM-11jul11,MetaStock11

KOPITIAM TALK, 5 July 2011 - a Quickie on the FTSE Bursa Malaysia KLCI

ArifinLatif Consulting's KOPITIAM TALK

5 July 2011, 7:29 am

Just a Quickie on the FTSE Bursa Malaysia KLCI ~ a bit of Profit Taking is in the offing.... nothing to fret though! Get ready for the Spanish Armada, ooops sorry... BUMI Armada ~ they are sailing in a big way! I would join the armada, if I were you friends ~ my 20 sen advice to fellow small timers! [*** Think of it as a MERONG Mahawangsa onslaught... on the Golden Chersonese/KLSE...]

FTSE Bursa Malaysia KLCI ~ Profit taking time....! (a bit)