@spyron, your prediction so good. i also study on this chart. finally, retrace back to 0.160 level. tomorrow might sell price open at 0.165/0.170 only. then will try again break 0.175,if keep fail, this stock will go back to previous lowest price ever.
This is flushing out , I’m pretty sure it will break that high.. history will repeat itself like what happen last year. TA also shows the same. Those whose collected at 0.130-0.145 last week u can take profit or wait for bigger profit( up to you) I strongly believe it will go beyond 0.200, this month just started . Happy trading everyone
Fuck up counter.bloody scam counter.why at the first place BURSA allowed this counter to go on listing.With tabung haji & ekuinas as major shareholders & overprice IPO pump and dumped to public I urged BURSA to apprehend those involved just like what Isa samad is facing now.With this 3rd quarter results just released anothet downfall again.Those involved will get their retribution soon.
This country is in a mess.When you put a crook to spearhead a public listed company with 5 years continuos losses of public fund with huge pay check..then its like a ponzi scheme duping many malaysians.Look at FGV..IRIS..LITYAN. THHEAVY...most of the shareholders.is TAbung Haji..funds from pilgrmage depositors vanished into stupidty of wrong investment.BURSA should penalise severely on this malpractice.A really sad and shameful day
Tabung Haji in news lately is true. How much is their loss in Icon(no 2 shareholder)? Why both PH and earlier BN does nothing?
BigDaddyCool This country is in a mess.When you put a crook to spearhead a public listed company with 5 years continuos losses of public fund with huge pay check..then its like a ponzi scheme duping many malaysians.Look at FGV..IRIS..LITYAN. THHEAVY...most of the shareholders.is TAbung Haji..funds from pilgrmage depositors vanished into stupidty of wrong investment.BURSA should penalise severely on this malpractice.A really sad and shameful day 27/11/2018 00:10
@Spyron_09 and @poseidon80 ... how r u guys doing ?? did this counter even cross 0.18 ?? faster go loan big chunks from bank and average ur price with 0.1 =)
After the a number of contracts won in the first half of this year, most investors would have think that Icon financials would start to turnaround and to post profits. Some of the contract awarded this year were:
1) 3 years (with another 3 years option) contract worth RM169mil to support a group of oil & gas companies in Malaysian waters 2) Provide 2 supply vessels for Exxon worth RM 106mil 3) 3 year contract from Hess to supply 1 utility vessel worth RM23mil
The 3Q18 result was really a negative surprised to the market not just because it failed to record any profit but also the quantum of the loss of more than RM11mil (should have been worst if not for the RM1.7mil forex gain).
What is more worrying is the balance sheet of the company that currently has debts of more than RM 670mil ( of which RM340mil is current debt) and cash reserves of only RM44mil.
If the situation continues, investors need to be prepare for a potential capital raising exercise.
Those that are interested to buy into this company, i would advice you to wait till management has provided a clearer picture on how it will tackle their cash flow needs going forward.
For those looking to diversify their portfolio outside of the O&G industry, i would recommend them to look at MBMR.
The company is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.6x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.6x BV. 4Q18 results is expected to be higher than 3Q18 and last year 4Q17. And FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19.
Hope Icon management has something more concrete to present to its shareholders on how it will turnaround the company back to a more sustainable financials.
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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....
bulldog
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Posted by bulldog > 2018-10-02 17:08 | Report Abuse
Tomolo qsell@16.5