ICON OFFSHORE BERHAD

KLSE (MYR): ICON (5255)

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Last Price

1.17

Today's Change

+0.03 (2.63%)

Day's Change

1.13 - 1.23

Trading Volume

5,657,500


11 people like this.

12,145 comment(s). Last comment by BursaVulture 5 hours ago

BanglaMan

870 posts

Posted by BanglaMan > 2020-07-16 09:15 | Report Abuse

Coming soon! 2032! HAHAHAHAHAHAHAHAHHAH

BanglaMan

870 posts

Posted by BanglaMan > 2020-07-16 09:19 | Report Abuse

I am never wrong.. see my track record.. when I say buy only buy icon.. now not time yet.. don’t bliff me? Nvm.. wait another few years ya bye bye~~

BanglaMan

870 posts

Posted by BanglaMan > 2020-07-16 10:49 | Report Abuse

HHAHAHA 11.5

wjc4195

393 posts

Posted by wjc4195 > 2020-07-16 14:50 | Report Abuse

friday sure up at least to previous resis .135

BanglaMan

870 posts

Posted by BanglaMan > 2020-07-16 15:05 | Report Abuse

HAHAHAHAHAH UP? HAHAHAHAHAHAHHAHAHAHAHAHAHAHHA OMG LAUGH DIE ME

wjc4195

393 posts

Posted by wjc4195 > 2020-07-17 00:54 | Report Abuse

Banglaman dont laugh.....you know who told me......GOD lol

wickedlion

893 posts

Posted by wickedlion > 2020-07-17 11:35 | Report Abuse

BanglaMan Please advise us when is the time to buy or at least estimation? Bearish patterns are disappearing and some bullish patterns have showed up recently. It is almost at oversold level. We need to get out from the glut for not listening to you. tq.

BanglaMan

870 posts

Posted by BanglaMan > 2020-07-17 14:32 | Report Abuse

Wickedlion... the pattern are all not real... when to buy? I have my estimation a lot already... why you are stucked? Maybe pray this weekend got good news ya

Posted by Miz Raya Bloom > 2020-07-17 14:34 | Report Abuse

fly next week atau sebulan? ada gak ku dengar desas desus tapi belum beli

BanglaMan

870 posts

Posted by BanglaMan > 2020-07-17 14:55 | Report Abuse

At least sebulan

wickedlion

893 posts

Posted by wickedlion > 2020-07-17 15:14 | Report Abuse

BanglaMan Sebulan or so is just about right. I have good feeling on coming QR2 result due existing to long term contracts as Icon is less likely be affected by Crude oil price or/and incoming good news like Perisai deal. I bought at slightly higher.

wickedlion

893 posts

Posted by wickedlion > 2020-07-17 15:28 | Report Abuse

BanglaMan O&G is seems bullish with the recent IPOs like RL in spite of CAPEX spending cuts by oil majors & Petronas alike. Crude price has been stabilized recently which I believe due to OPEC+ prd cut measures and major economies re-opening with promising vaccines trial results. With this in mind, Icon could possibly fetch it past glories at least 52 weeks high price.

BanglaMan

870 posts

Posted by BanglaMan > 2020-07-17 15:36 | Report Abuse

I like your optimism, but it won’t happen, next Q I heard gonna be loss.

wickedlion

893 posts

Posted by wickedlion > 2020-07-17 15:41 | Report Abuse

Tahnks BanglaMan. Care to share some thoughts of why it would be at loss next Q?

wickedlion

893 posts

Posted by wickedlion > 2020-07-18 16:14 | Report Abuse

I glanced thru its historical financial summary, I don't find any evidence which could contributing significantly to both revenue and earning for next Q apart from recent plunge on crude oil price (which rebound to stabilize at USD40 in relatively short period - has less effect on upstream), possibly operational impairment during MCO (O&G is essential service) and lack of new contracts unless I am missing something. Other than that everything look lean after debt restructuring and taking big hit on asset impairment in prev Q resulting operational cost reduction in the following and coming Qs. At this point I am positive Icon would register decent profit in coming Q instead of loss. I'll keep digging.

BanglaMan

870 posts

Posted by BanglaMan > 2020-07-19 18:02 | Report Abuse

Good effort. My hint on why it will be loss: interest expense. Have a look at their interest expense, even post-restructuring.

wickedlion

893 posts

Posted by wickedlion > 2020-07-20 21:24 | Report Abuse

hmm...interest expense was not far off from corresponding period either in fact a bit lower. What worried me now is how much Msia crude oil 136k prd cuts on May and June affecting Icon's osv earning since about 70% income generated from local ops, I believe it's concerning. Moreover, large portion of last quarter earning was from the on-off debt restructuring exercise which we won't see again in coming Q. Without that it could've registered lower profit from prev Q. *sigh*. I probably won't sleep well in the until next news.

BanglaMan

870 posts

Posted by BanglaMan > 2020-07-21 10:47 | Report Abuse

That’s why I said, you have to really check and read. Sharks are dumping slowly.. u see there is no transaction nor interest for now. All attention is on glove industry. Will be very quiet here.

wickedlion

893 posts

Posted by wickedlion > 2020-07-21 14:00 | Report Abuse

I am doomed!

BigPro

688 posts

Posted by BigPro > 2020-07-21 15:13 | Report Abuse

Oil price just increase to higher level...

Hidup_PN

571 posts

Posted by Hidup_PN > 2020-07-21 15:48 | Report Abuse

Brent USD 43.5 highest PN as govn?

QQflying

182 posts

Posted by QQflying > 2020-07-21 16:36 | Report Abuse

hahah bandlaman , pitty you

QQflying

182 posts

Posted by QQflying > 2020-07-21 16:37 | Report Abuse

last week i already say collect and this week fly

BanglaMan

870 posts

Posted by BanglaMan > 2020-07-21 16:43 | Report Abuse

U call this fly? Lol.. then supermx is what?

wickedlion

893 posts

Posted by wickedlion > 2020-07-21 17:07 | Report Abuse

How is it going to fly, Icon is not selling crude oil? but possibility of supply crunch with recent prod cuts activities can be real too.

BanglaMan

870 posts

Posted by BanglaMan > 2020-07-21 17:31 | Report Abuse

Wickedlion.. the people here very funny.. always benchmark again crude oil price.. from 15 cents drop 30% until now.. but oil price no drop also.. many funny people here...

wickedlion

893 posts

Posted by wickedlion > 2020-07-21 18:51 | Report Abuse

BanglaMan They're just pulling your legs.

Posted by Miz Raya Bloom > 2020-07-21 20:13 | Report Abuse

haik dah jalan, bukan sebulan?

Posted by shamsulyusoff > 2020-07-21 21:16 | Report Abuse

ICON on the move

wjc4195

393 posts

Posted by wjc4195 > 2020-07-21 22:38 | Report Abuse

Top Shale Boss Warns US Production Won't Revisit 2019 Levels "In My Lifetime"

Tyler Durden

wjc4195

393 posts

Posted by wjc4195 > 2020-07-21 22:39 | Report Abuse

Banglaman you negativity is appalling

tkl88

8,712 posts

Posted by tkl88 > 2020-07-21 23:01 | Report Abuse

Walaoeh, Oil price spike up crazily !
As at 10.55pm,
Nymex=> $42.41 ‪(+1.49) (+3.64%) !‬
Brent=> $44.80 ‪(+1.52) (+3.51%) !‬

‪Huat ah ! Heng ah ! Ong ah !‬

BanglaMan

870 posts

Posted by BanglaMan > 2020-07-22 08:56 | Report Abuse

I’m just being realistic and not wanting people to get conned

Posted by Miz Raya Bloom > 2020-07-22 10:46 | Report Abuse

ku dengar ada orang nak goreng dalam masa sebulan, ku dengar aje. oil naik turun bukan issue. ini juga terjadi kat hibiscus. tidak baik untuk shares company. lupa management asyik ingat oil price turun naik.

wickedlion

893 posts

Posted by wickedlion > 2020-07-22 11:16 | Report Abuse

Q play tak lama lagi...

wickedlion

893 posts

Posted by wickedlion > 2020-07-22 11:40 | Report Abuse

Good BanglaMan...keeping balance.

Posted by document1 > 2020-07-22 12:35 | Report Abuse

Tq wickedlion and banglaman for the insights

wickedlion

893 posts

Posted by wickedlion > 2020-07-22 14:10 | Report Abuse

..or could Icon been collecting huge crude oil inventory while prices at their lowest and profiting now?

BanglaMan

870 posts

Posted by BanglaMan > 2020-07-22 16:01 | Report Abuse

Who want to goreng.. goreng also goreng bullish stocks.. not bullish, you goreng, people will keep selling and prevent you from goreng..

BanglaMan

870 posts

Posted by BanglaMan > 2020-07-22 16:30 | Report Abuse

That’s why.. yday all pancut awal.. say flying and all... joker...

BanglaMan

870 posts

Posted by BanglaMan > 2020-07-22 16:56 | Report Abuse

I already say yday was a trap. Anyway good luck. I take my leave. Enjoy until 2023

wickedlion

893 posts

Posted by wickedlion > 2020-07-22 17:28 | Report Abuse

LoL

Posted by Miz Raya Bloom > 2020-07-22 20:48 | Report Abuse

kikiki ku dengar orang nak goreng, sape cakap, RAHSIA. Tips kata dalam masa sebulan. Kalau esok dia goreng ku tak tahu kikiki

lee_m2020

4,801 posts

Posted by lee_m2020 > 2020-07-22 20:52 | Report Abuse

ARMADA, KNM, ICON, ALAM, HIBISCS, SCOMIES and BARAKAH start/already converging into a Golden Cross.

Check yourself here: https://mindabursa.com/2020/07/22/golden-cross-on-ong-sector-related-c...

to fly very soon!!!!

BanglaMan

870 posts

Posted by BanglaMan > 2020-07-22 21:07 | Report Abuse

U can say goreng goreng... but my source that’s always correct.. no goreng2

wjc4195

393 posts

Posted by wjc4195 > 2020-07-22 21:17 | Report Abuse

foreign big boys are putting their money in Gold and Silver

lee_m2020

4,801 posts

Posted by lee_m2020 > 2020-07-22 21:41 | Report Abuse

institutional investors usually enter during stage like this one

wickedlion

893 posts

Posted by wickedlion > 2020-07-22 22:18 | Report Abuse

BanglaMan..I am still holding some. Hope to cash out but current price is pathetic. Seems I could be holding until 4th Q if no news. Can't wait that long.

SHQuah

5,363 posts

Posted by SHQuah > 2020-07-23 07:23 | Report Abuse

Based on yesterday panic selling, today could go down to 11 cents.

BanglaMan

870 posts

Posted by BanglaMan > 2020-07-23 09:44 | Report Abuse

My condolences bro. All de best. Results out in August

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