Posted by RJ87 > 2020-02-20 23:56 | Report Abuse

Yinson is trading at 4X it's book value, 40times it's earnings.

Armada is trading at 0.8times it's book value, 6 times it's earnings.

Urusharta sila goreng ini counter macam ICON. Thank you.

Posted by Mabel > 2020-02-21 00:00 | Report Abuse

Here's more info..

Urusharta Jamaah resurfaces as Icon's substantial shareholder
TheEdge Thu, Feb 20, 2020 10:52pm - 55 minutes ago


KUALA LUMPUR (Feb 20): Urusharta Jamaah Sdn Bhd, the government’s special-purpose vehicle (SPV) set up to manage Lembaga Tabung Haji's underperforming assets, has resurfaced as Icon Offshore Bhd’s substantial shareholder.

An exchange filing today showed 132.86 million Icon shares, derived from the offshore support vessel provider’s rights issue, were added to Urusharta Jamaah’s shareholding.

With this, Urusharta Jaamah’s shareholding in Icon rises to 133.80 million shares, representing a 5.63% direct stake as of writing. The SPV had last month ceased to be Icon’s substantial shareholder, after disposing of 972,225 shares.

Urusharta Jamaah was among those who voted for the cash call last November, an exercise to raise up to RM250 million, alongside a plan to restructure some RM577 million of Icon’s debts to reduce its gearing from 9.16 times to under 1.4 times.

Icon unit Hallmark Odyssey Sdn Bhd’s controlling shareholder, Hallmark Odyssey Sdn Bhd (owned by Ekuiti Nasional Bhd or Ekuinas), had also given an undertaking to subscribe up to RM183 million of the rights issue.

Following the subscription of ordinary shares, pursuant to the rights issue of shares with warrants, Hallmark Odyssey owned a direct 57.406% stake in Icon.

Icon's share price has halved from Friday (Feb 14)’s closing of 23.5 sen to close at its all-time low of 11.5 sen today, after 23.78 million shares were done. Bloomberg data showed Icon is now valued at a market capitalisation of RM273.5 million.

https://www.klsescreener.com/v2/news/view/639834

Posted by Mabel > 2020-02-21 00:11 | Report Abuse

Usually big institution has better information than us retailer. I anticipate this coming QR , ICON will report Profits which compel Urusharta to come in.
.
TH has been battered severely and their investors are being hit with low dividend. This latest developments in a very positive things for ICON Investors.

Meow

Posted by Lchew > 2020-02-21 08:37 | Report Abuse

Watch out.today is the day

Posted by bullrun1985 > 2020-02-21 08:49 | Report Abuse

IK, please buy to shoot up the price. don't always blow water here.

Posted by InvestorKING > 2020-02-21 09:14 | Report Abuse

How to shoot up?

Posted by bullrun1985 > 2020-02-21 09:20 | Report Abuse

IK, you already had 12 mil shares, so buy another 12 mil shares to shoot up the price

Posted by Mabel > 2020-02-21 09:32 | Report Abuse

There seems to be resistance at 0.40....

Posted by Kim0914 > 2020-02-21 09:37 | Report Abuse

This is really so annoying...very high sell queue everyday....never have the sign of shooting up....
Ok Kim, be patient.........

Posted by itch > 2020-02-21 09:38 | Report Abuse

Very strong base built around 0.385 to 0.4 now...ripe for the price to hike up now!

Posted by InvestorKING > 2020-02-21 09:43 | Report Abuse

Huge block at 0.41& 0.415, ,how to shoot up?

Posted by shpok4574 > 2020-02-21 09:46 | Report Abuse

Good Morning Everyone, I just come here to inform that I have sold all the armada shares around 0.52-0.53 after the release of 3rd Quarter Result. so bye bye armada and never come back here anymore

Posted by bullrun1985 > 2020-02-21 09:48 | Report Abuse

IK, is this shpok that you keep calling everyday. so how? buy or sell?

Posted by annie87 > 2020-02-21 09:51 | Report Abuse

IK, pls buy buy buy, big show coming after 430pm

Posted by InvestorKING > 2020-02-21 09:54 | Report Abuse

Queing 1mil shares at 0.41 to sell first, then buy back at 0.395 or 0.40

Posted by wsy5023 > 2020-02-21 09:56 | Report Abuse

I see, so the big block is actually ik

Posted by bullrun1985 > 2020-02-21 09:56 | Report Abuse

IK, 1 more week to release the QR. you queue to sell, what a crazy fellow???????

Posted by Mabel > 2020-02-21 10:04 | Report Abuse

Wait lah IK...

You have no confidence on Q4 Result?

Posted by InvestorKING > 2020-02-21 10:07 | Report Abuse

Today volume very low

Posted by InvestorKING > 2020-02-21 10:07 | Report Abuse

Shpok=annie87=bullrun

Posted by Lchew > 2020-02-21 10:13 | Report Abuse

Ik u should que higher than 41cts..

Posted by Lchew > 2020-02-21 10:15 | Report Abuse

Even with 45 ,u still have the chance to made it done

Posted by RJ87 > 2020-02-21 10:25 | Report Abuse

U queue 41sen, u r helping shorties....Imagine retailers suddenly shift the block from 41sen to 45sen. Shorties who already short at 40sen will hv to buy back at 44sen....

Die kiao kiao...strategy in the morning is to set the block at 41sen while buying at 40sen. If you see large IDSS volume. Then in the afternoon, shift block to 45sen. And sell back to shorties the share they sold to you at 40sen.

Posted by FATA86 > 2020-02-21 10:33 | Report Abuse

Today will have great show?

Posted by Lchew > 2020-02-21 10:51 | Report Abuse

Indeed.On the way

Posted by itch > 2020-02-21 11:01 | Report Abuse

Great show if not today, sure next week.

Last, last chance to buy below 40c.

Posted by itch > 2020-02-21 11:03 | Report Abuse

john chew, spinning and gang now armadians with different ID... thats y these days naysayers are seldom seen here

Posted by FATA86 > 2020-02-21 11:05 | Report Abuse

Idss no more energy? Or taking a break?

Posted by sheep > 2020-02-21 11:07 | Report Abuse

this qr result might have impairment loses from claire ......beware....watch out... wakaka

Posted by TAK1 > 2020-02-21 11:16 | Report Abuse

Some more money for AK.

https://www.thestar.com.my/business/business-news/2020/02/21/maxis-posts-335-jump-in-q4-net-profit

Posted by RJ87 > 2020-02-21 11:46 | Report Abuse

Armada every quarter also pay few hundred K to maxis for telecommunication services

Posted by RJ87 > 2020-02-21 12:36 | Report Abuse

Redeployment of Claire in Brazil basin not priced in yet...

Posted by SuperPanda > 2020-02-21 12:40 | Report Abuse

buy now and hold, will be rewarded later
short tp .45

Posted by bullrun1985 > 2020-02-21 14:45 | Report Abuse

IK, are you trying to block at 0.40?

Posted by mikekim > 2020-02-21 14:51 | Report Abuse

It's gonna be an interesting quarter.
Most people expect a strong core net profit quarter.
But some here is focused on the possibility of an impairment on Armada Claire.
Share price seems fairly flattish as everyone's on the fence lol.
As usual, your money, your call. Goodluck.

Posted by RJ87 > 2020-02-21 14:56 | Report Abuse

If IK go block at 40, next week 100mil profit....his block it's gonna get blown away like cotton...

Then he start his sell 40sen buy 45sen project again...wakakakkaa

Posted by wsy5023 > 2020-02-21 15:03 | Report Abuse

Mikekim
What happened if there's impairment on Claire?

Posted by itch > 2020-02-21 15:06 | Report Abuse

Your predictions on IK trading pattern was so accurate all the time RJ...i am impressed!

Posted by RJ87 > 2020-02-21 15:11 | Report Abuse

wsy, near term pokai lo...

I think more pokai if Armada Kraken or Olembendo got problem...if you see the operating cash, it's still very strong at about 30-40% margin.

If the monetizing asset works and debts being pared down. Then u should see finance cost drop making profit margin even more attractive. This one is 1-3 years project. When settle. Armada should worth 6billion above.

Posted by FATA86 > 2020-02-21 15:15 | Report Abuse

Idss short again 0.395

Posted by RJ87 > 2020-02-21 15:16 | Report Abuse

Along they way, dunno got how many IK that's gonna set block and get their block blown away to chase high. You see, people that play short term, they tend to clamp the price at a range. 10%, down 10%. Net 10 correct cycle, 50-100% return. Dunno take how long to get this Net 10 cycle right.

If price go up 80 sen, 10% is 8sen movement. Volatility will reduced. The time to get the net 10 cycle increases.

Posted by bullrun1985 > 2020-02-21 15:20 | Report Abuse

IK finally earn a peanut by 0.5 cent from 0.40 to 0.395

Posted by FATA86 > 2020-02-21 15:20 | Report Abuse

Idss short 0.395, then put big buy queue on 0.395.

Posted by bullrun1985 > 2020-02-21 15:21 | Report Abuse

IK, its time you to buy back after set a block at 0.40

Posted by wsy5023 > 2020-02-21 15:23 | Report Abuse

Guys, just curious
What is the timeframe for IDSS to sell their share in the morning?

Posted by Mabel > 2020-02-21 15:29 | Report Abuse

Huat ah ! Heng ah ! Ong ah !

Posted by RJ87 > 2020-02-21 15:30 | Report Abuse

Current Revenue and operating profit are from performing asset - minus total operation cost (performing asset + non performing asset). If non performing asset is being sold off; you can foresee operation cost is reduced improving operating margin. Debts is reduced and finance cost is reduced improving profit margin.

The OMS expansion was a great mistake. Considering limited orderbook. No orderbook but go buy asset standby to burn cash and pay interest. Stupid Hassan Assad Basma & Leon Harland.

https://www.theedgemarkets.com/article/hassan-basma-resigns-bumi-armada-ceo-after-selling-his-stake-group

Hassan got margin call price tank from 1.8-1.0. Leon Harland claire and kraken f*cked up 1.0- 0.2. This Gary picked up Armada at pretty good price. 22sen. And start churning profits.

Posted by bullrun1985 > 2020-02-21 15:51 | Report Abuse

@wsy5023, how many shares that you already invested here? so many Dai Gors here hold mil shares, please buy big this time

Posted by apanama > 2020-02-21 16:25 | Report Abuse

better sell..while its still above 37sen..because once its 27sen..you will cry ..:)

Posted by bullrun1985 > 2020-02-21 16:27 | Report Abuse

@wsy5023, here are the summary of the Dai gors holidngs here
IK - 12 mil shares
RJ - 1.7 mil shares
Panda - 200k shares
Pak Tua - few mil shares
Mikekim - unknown