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.
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
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.
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.
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.
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.
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.. 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...
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.
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.
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BanglaMan
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Posted by BanglaMan > 2020-07-16 09:15 | Report Abuse
Coming soon! 2032! HAHAHAHAHAHAHAHAHHAH