ICON OFFSHORE BERHAD

KLSE (MYR): ICON (5255)

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Last Price

1.28

Today's Change

+0.11 (9.40%)

Day's Change

1.12 - 1.29

Trading Volume

8,347,300


11 people like this.

12,148 comment(s). Last comment by LY Hoh 13 hours ago

monetary

4,447 posts

Posted by monetary > 2019-11-20 15:01 | Report Abuse

every 50k shares need to subscribe $10k for RI assuming co raise 250mil

Teh1986

306 posts

Posted by Teh1986 > 2019-11-20 15:12 | Report Abuse

Only stupid people will buy ICON

monetary

4,447 posts

Posted by monetary > 2019-11-20 15:19 | Report Abuse

u must b 1 of those who cut loss. u have my sympathy.

CharlesT

14,793 posts

Posted by CharlesT > 2019-11-20 15:40 | Report Abuse

Its a crazy proposal

Mabel

23,732 posts

Posted by Mabel > 2019-11-20 15:41 | Report Abuse

@Teh1986 Only stupid people will buy ICON

Than just be our POM POM Gal lor..

tkl88

8,712 posts

Posted by tkl88 > 2019-11-20 16:29 | Report Abuse

The actual situation happend is => All the peoples vote (III) THE PROPOSED EXEMPTION

Mean all the people reject the following:(
I) THE PROPOSED SHARE CONSOLIDATION (AS DEFINED HEREIN);
(II) THE PROPOSED RIGHTS ISSUE WITH WARRANTS

Current spike up of price to the moon already signal what is the result of the EGM !
Huat ah ! Heng ah ! Ong ah !

monetary every 50k shares need to subscribe $10k for RI assuming co raise 250mil

HazByn

842 posts

Posted by HazByn > 2019-11-20 16:36 | Report Abuse

no shark no whale jump in? only retailers

monetary

4,447 posts

Posted by monetary > 2019-11-20 16:49 | Report Abuse

2019 is yr of garbage stocks. only ppl who buy garbage stocks make big $. kikiki....

monetary

4,447 posts

Posted by monetary > 2019-11-20 16:50 | Report Abuse

because all the sectors tat plunged to garbage level start to resurrect!!!

monetary

4,447 posts

Posted by monetary > 2019-11-20 18:31 | Report Abuse

tkl88. The major shareholders want to b exampted from the proposal. Yes. V likely the proposal doesn't go through. I just wonder how icon can survive without the cash call. Hoping for gov agencies to rescue? Pls advice.

Teh1986

306 posts

Posted by Teh1986 > 2019-11-20 20:28 | Report Abuse

Icon = toilet peper

CharlesT

14,793 posts

Posted by CharlesT > 2019-11-20 20:32 | Report Abuse

Still try to con money fm rights issues

kenie

1,641 posts

Posted by kenie > 2019-11-21 09:03 | Report Abuse

not icon8888 is icon4444

tkl88

8,712 posts

Posted by tkl88 > 2019-11-21 09:37 |

Post removed.Why?

thesteward

6,781 posts

Posted by thesteward > 2019-11-21 09:39 | Report Abuse

Icon profit before tax was actually positive last quarter

thesteward

6,781 posts

Posted by thesteward > 2019-11-21 10:00 | Report Abuse

Strongly believe Icon w post positive result

Posted by T800Terminator > 2019-11-21 10:02 | Report Abuse

I see operator left to right hand. Hmmmmm

thesteward

6,781 posts

Posted by thesteward > 2019-11-21 10:24 | Report Abuse

Anyone can share the Maybank report with the target of 9 Sen for Icon .
Lately Icon secures a few projects .
Last quarter if not due to taxation Icon actually posted positive result

Teh1986

306 posts

Posted by Teh1986 > 2019-11-21 10:33 | Report Abuse

Today comfirm close red red red...

thesteward

6,781 posts

Posted by thesteward > 2019-11-21 11:02 | Report Abuse

Anyone can share the Maybank report with target of 9 Sen ?

thesteward

6,781 posts

Posted by thesteward > 2019-11-21 11:45 | Report Abuse

Tqvm Alipapa

thesteward

6,781 posts

Posted by thesteward > 2019-11-21 11:46 | Report Abuse

Maybank tp is 9 Sen great

thesteward

6,781 posts

Posted by thesteward > 2019-11-21 12:16 | Report Abuse

This quarter v likely good result considering last q negative was due to tax

thesteward

6,781 posts

Posted by thesteward > 2019-11-21 12:58 | Report Abuse

After Alam icon turn to fly

Mabel

23,732 posts

Posted by Mabel > 2019-11-21 13:27 | Report Abuse

Brilliant !

Fly Icon Fly

GG7448

148 posts

Posted by GG7448 > 2019-11-21 14:42 | Report Abuse

Resistance at 0.050... hard to break through

thesteward

6,781 posts

Posted by thesteward > 2019-11-21 14:46 | Report Abuse

Fly icon

thesteward

6,781 posts

Posted by thesteward > 2019-11-21 14:46 | Report Abuse

Read Maybank report on Icon it really makes sense

thesteward

6,781 posts

Posted by thesteward > 2019-11-21 14:48 | Report Abuse

Also ii would think this q no more tax issue . So sud be a profit gogogo

Posted by T800Terminator > 2019-11-21 14:49 | Report Abuse

Hmmmmmm profit also not enough to serve interest.

thesteward

6,781 posts

Posted by thesteward > 2019-11-21 15:02 | Report Abuse

Then pls don’t buy just like many people give negative comment in Alam last 2 weeks and it shoot up

thesteward

6,781 posts

Posted by thesteward > 2019-11-21 15:02 | Report Abuse

Now is 5 Sen not 50 Sen la

Mabel

23,732 posts

Posted by Mabel > 2019-11-21 15:07 | Report Abuse

Another Alam is the making..

Alam used to be in this price range and of course Alam is a direct competitors to Icon

Hey, why settle for one when you can have both?

thesteward

6,781 posts

Posted by thesteward > 2019-11-21 15:09 | Report Abuse

Yes agree w you Mabel . Maybank research report also highlight that actually last q if not due to tax it was a PBt ie profit before tax

thesteward

6,781 posts

Posted by thesteward > 2019-11-21 15:11 | Report Abuse

Sense that this q really could be another Alam considering that they were also given a few projects this year .

thesteward

6,781 posts

Posted by thesteward > 2019-11-21 15:13 | Report Abuse

Earlier contracts awarded this year just to share

thesteward

6,781 posts

Posted by thesteward > 2019-11-21 15:15 | Report Abuse

Yipppppee

GG7448

148 posts

Posted by GG7448 > 2019-11-21 15:17 | Report Abuse

0.050 cleared.... collect collect it fly again !!!

thesteward

6,781 posts

Posted by thesteward > 2019-11-21 15:20 | Report Abuse

High 5 Mabel cu at 8

kenie

1,641 posts

Posted by kenie > 2019-11-21 15:20 | Report Abuse

投资石油天然气公司要小心
https://klse.i3investor.com/blogs/tombthieve/231051.jsp

tkl88

8,712 posts

Posted by tkl88 > 2019-11-21 15:25 | Report Abuse

Oh My goodness!
Getting new contract worth RM275 million again !

tkl88

8,712 posts

Posted by tkl88 > 2019-11-21 15:26 | Report Abuse

Icon Offshore’s share surge 21% on O&G contracts

KUALA LUMPUR: Shares of Icon Offshore Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

surged on Friday after the company secured RM275mil oil and gas contracts.


The counter surged 21.74%, or 2.5 sen to 14 sen. It is the second most actively traded counter saw 29 million shares done.


Icon Offshore has bagged contracts valued at RM275mil from oil and gas (O&G) companies to provide offshore support vessels (OSVs) for their production operations in Malaysian waters.


Icon said the contracts were clinched via its wholly-owned subsidiary Icon Offshore Group Sdn Bhd (IOGSB).


The long term contracts are for a primary period of three years, with an extension option of up to two years of one year each, it added.


Icon Offshore said the options would only be exercised at the end of the firm period, upon approvals obtained from Petronas Carigali Sdn Bhd and the O&G companies.


It expects these contracts to contribute positively to the group’s earnings, order book and net assets for the financial year ending December 31, 2018 and beyond.


Read more at https://www.thestar.com.my/business/business-news/2018/06/29/icon-offshore-share-surge-21pc-on-og-deal#2jvxswFzexvElZUz.99

tkl88

8,712 posts

Posted by tkl88 > 2019-11-21 15:28 |

Post removed.Why?

suraya

77 posts

Posted by suraya > 2019-11-21 15:28 | Report Abuse

icon 4 tahun rugi 1billions

Posted by keechungwong54 > 2019-11-21 15:53 | Report Abuse

Alam is very much than Icon. Alam begins making profit but Icon stillSuffers loss.

Mabel

23,732 posts

Posted by Mabel > 2019-11-21 16:37 | Report Abuse

Soon ...just read the report from Maybank...

陳 彥霆

937 posts

Posted by 陳 彥霆 > 2019-11-21 16:55 | Report Abuse

“Excluding the impact of the deferred taxes, Icon registered a core pre-tax profit of RM5 million in 2Q2019 after six consecutive quarterly losses on improved OSV utilisation,” says Maybank.

“Coupled with an improving operating outlook, the recent weakness in share price post its restructuring plan is an opportunity to buy. Hence, we upgrade Icon to a ‘buy’, on an unchanged target price of 8.5 sen.”

In August, Icon named Datuk Seri Hadian Hashim as its new managing director, effective Sept 3.

Hadian was the founder of Sona Petroleum Bhd, a special-purpose acquisition company that was ultimately unsuccessful. It will be interesting to watch how Icon performs with his appointment.

https://www.klsescreener.com/v2/news/view/602856?fbclid=IwAR3qEorJT51z_2M1QzwIYG_KCKFUp2FKCA5r5jihgFKkp_fwkmoOmYJJVfM

Mabel

23,732 posts

Posted by Mabel > 2019-11-21 18:02 | Report Abuse

Good closing..

Tomorrow it will climb another 1.5 sen..

To 10 with loves..

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