ICON OFFSHORE BERHAD

KLSE (MYR): ICON (5255)

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Last Price

0.715

Today's Change

-0.005 (0.69%)

Day's Change

0.69 - 0.725

Trading Volume

3,685,100


10 people like this.

11,997 comment(s). Last comment by Jonathan Keung 2 days ago

Posted by success2628 > 2022-10-11 16:47 | Report Abuse

Walaoeh, What happended ?
Super damn hot man ICON today !
Now ICON already traded at => 0.125 (+0.015) (+13.6 %)

Congratulations to all of the ICON diehard supporters !

8888_

2,919 posts

Posted by 8888_ > 2022-10-11 19:53 | Report Abuse

Cash dividend coming soon?

George99

253 posts

Posted by George99 > 2022-10-11 20:22 | Report Abuse

Haiyoo... i had sold it at lower price..

DickyMe2

1,509 posts

Posted by DickyMe2 > 2022-10-11 20:28 | Report Abuse

Mana ada hot? Sudah 3 tahun peram, x der apa apa pun.
Nasib baik punya kos under 5 sen saja.
Boleh tunggu sampai company bankrupt atau saya mati.

8888_

2,919 posts

Posted by 8888_ > 2022-10-11 21:11 | Report Abuse

Top 3 volume not hot true? How often Icon top 10 volume in 1 year? Cheating not good haha.

Posted by petnch2020 > 2022-10-12 09:11 | Report Abuse

I think most news outlet missed the big dividend payout announced yesterday. Of the rm385mil to be received for the disposal of the jack up rig, rm180mil will be paid as dividend to shareholders. Or 6.65sens per share. Might not see it from just the headline announcement. Need to read the docs.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3298458

DickyMe2

1,509 posts

Posted by DickyMe2 > 2022-10-12 10:41 | Report Abuse

"(2) Subject to the completion of the Proposed Disposal, it is the intention of the Board to distribute part of the proceeds to the shareholders of Icon via a cash dividend."

There is no mention on dividend rate. I assume you did your own calculation based on the gross allocation.

Posted by petnch2020 > 2022-10-12 12:42 | Report Abuse

Yeah. Just take the RM180mil divide by the share outstanding. Should be around 6.65 sens per share.

DickyMe2

1,509 posts

Posted by DickyMe2 > 2022-10-12 15:32 | Report Abuse

Do you think they are so transparent and generous to offer such a dividend?
I doubt that. Certainly, some amount will disappear.

8888_

2,919 posts

Posted by 8888_ > 2022-10-12 15:59 | Report Abuse

USD 85 million Perisai rig sold using USD rate RM 4.53 whereas now is RM 4.68 how? Extra 15 sen.

8888_

2,919 posts

Posted by 8888_ > 2022-10-12 16:07 | Report Abuse

Citaglb 0 dividend 26 sen whereas Icon say 6 sen dividend 12 sen fair?

Posted by petnch2020 > 2022-10-12 16:28 | Report Abuse

Dicky,

Seems like the board of directors has already approved the dividend. Now waiting for the completion. Based on the documents announced on 30 August, the completion should be quite soon. Closing date for the completion is between 3rd October and 30th Nov (refer to pg 9 under "Closing". Once closed, just need to wait for the announcement on when the dividend is to be paid.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3288758

DickyMe2

1,509 posts

Posted by DickyMe2 > 2022-10-12 19:43 | Report Abuse

The Closing section only mention about Buyer and Seller transaction terms.
According to the document
(ii) General corporate purposes and working
capital requirement of the Group (2) 24 months RM208,613.

Explanatory note
(2) The Company proposes to utilise part of the Disposal Consideration for its business operations. This includes financing the Company’s daily operations and operating expenses. In addition, the Disposal Consideration is partially for the Company to explore potential mergers and acquisitions (“M&As”) and investment opportunities in new business areas. ""The Company "may" also choose to distribute part of the Disposal Consideration as dividends to its shareholders.""
The actual amount to be utilised for general corporate and working capital will vary based on the actual utilisation of the Disposal Consideration and estimated expenses for the Proposed Disposal. Any surplus or deficit in the allocation for each of the categories as stated above will be adjusted accordingly between each of the categories as the management deems appropriate

Dividend is not confirmed according to the document.

8888_

2,919 posts

Posted by 8888_ > 2022-10-13 05:36 | Report Abuse

Scared of Dickyme2 dare not reply? Use latest Bursa announcement as attached.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3298458

8888_

2,919 posts

Posted by 8888_ > 2022-10-13 05:49 | Report Abuse

Estimated utilisation
timeframe from the
receipt of proceeds
Gross proceeds
Proposed utilisation of proceeds (RM’000)
(ii) Distribution to shareholders of Icon (2) 6 months 180,000
(2) Subject to the completion of the Proposed Disposal, it is the intention of the Board to distribute part of the
proceeds to the shareholders of Icon via a cash dividend.

8888_

2,919 posts

Posted by 8888_ > 2022-10-13 05:49 | Report Abuse

RM 180 million to be distribute to shareholders of icon via a cash dividend. 30th Aug no mention but latest 11 Oct bursa announcement mention dividend.

8888_

2,919 posts

Posted by 8888_ > 2022-10-13 05:50 | Report Abuse

6 months we can get dividend meaning latest is Apr 23 or May 23 if money received by Nov.

Posted by petnch2020 > 2022-10-13 09:07 | Report Abuse

Hi dicky,

The dividend will be paid upon completion. And the condition precedent (requirement) for completion is approval by icon's bod and shareholders. So i think they will call an EGM to get approval from shareholders soon. Why soon? In the 30th Aug, they did mentionned a dateline set on 30 Nov for completion.

Regards.

Posted by Abdulazizba > 2022-10-13 09:48 | Report Abuse

with the selling of this RIG , the estimated share price may hover around 50 to 70 cent...if market bull run i think RM 1 also can

8888_

2,919 posts

Posted by 8888_ > 2022-10-13 10:03 | Report Abuse

Profit from the assets sold only RM 6.407026 million in 2021 so USD 85 mil good price to sell so shareholders better agree.

8888_

2,919 posts

Posted by 8888_ > 2022-10-13 11:13 | Report Abuse

USD 1=RM 4.686 today if use to convert; USD 85 million can get RM 398.31 million; RM 15 million more than 30th Aug figure.

8888_

2,919 posts

Posted by 8888_ > 2022-10-14 19:03 | Report Abuse

2022-10-14

Insider

DATO' SRI HADIAN BIN HASHIM (a company director) acquired 1,000,000 shares at 0.115 on 14-Oct-2022.

2022-10-14

Insider

DATO' SRI HADIAN BIN HASHIM (a company director) acquired 1,250,000 shares at 0.120 on 13-Oct-2022.

2022-10-14

Insider

DATO' SRI HADIAN BIN HASHIM (a company director) acquired 1,600,000 shares at 0.125 on 12-Oct-2022.

8888_

2,919 posts

Posted by 8888_ > 2022-10-14 19:06 | Report Abuse

12.5 sen(recent highest price) even MD bought.

George99

253 posts

Posted by George99 > 2022-10-14 20:11 | Report Abuse

Ayoi... X naik lagi ker...

Icon 888

2,215 posts

Posted by Icon 888 > 2022-10-15 09:49 | Report Abuse

Crisis on the way.. keep bullet ya

Mabel

23,175 posts

Posted by Mabel > 2022-10-15 10:31 | Report Abuse

petnch2020 Yeah. Just take the RM180mil divide by the share outstanding. Should be around 6.65 sens per share.
12/10/2022 12:42 PM

Wow so nice...

Meow Meow Meow

Mabel

23,175 posts

Posted by Mabel > 2022-10-15 10:32 | Report Abuse

8888_ 2022-10-14

Insider

DATO' SRI HADIAN BIN HASHIM (a company director) acquired 1,000,000 shares at 0.115 on 14-Oct-2022.

2022-10-14

Insider

DATO' SRI HADIAN BIN HASHIM (a company director) acquired 1,250,000 shares at 0.120 on 13-Oct-2022.

2022-10-14

Insider

DATO' SRI HADIAN BIN HASHIM (a company director) acquired 1,600,000 shares at 0.125 on 12-Oct-2022.
14/10/2022 7:03 PM

0.115-12.5 sen is peanuts compare to RM 6.65..

Like this all can become millionaires here...

Meow Meow Meow

Posted by foongkitmun > 2022-10-16 09:59 | Report Abuse

waiting for the next QR where they talk about the disposal before reload..

Mabel

23,175 posts

Posted by Mabel > 2022-10-19 10:41 | Report Abuse

Icon 888 Crisis on the way.. keep bullet ya
15/10/2022 9:49 AM

UK in the Mess
US in the Mess
China in the Mess

Haha so what's new?

Keep bullet on FD, how much did you get?

Posted by success2628 > 2022-10-20 07:11 | Report Abuse

Walaoeh, oil price spike up like mad !
Brent closed at=> $92.41 +2.38 +2.64 %

Like that today ICON will be limit up already liao lah !

Congratulations to all the ICON die hard supporters!

Posted by focusinvestor > 2022-10-20 08:50 | Report Abuse

Posted by petnch2020 > 1 week ago | Report Abuse

I think most news outlet missed the big dividend payout announced yesterday. Of the rm385mil to be received for the disposal of the jack up rig, rm180mil will be paid as dividend to shareholders. Or 6.65sens per share. Might not see it from just the headline announcement. Need to read the docs.

****************************************************************************
If the distribution is at 0.0665 per share, it's still consider good return even if the share price is at RM 1 per share. Where to get the above 5% return p.a in any FD. I think the price will be up soon, probably investor still want to wait after the EGM. Maybe too late to buy at that time.

Undi_PH

145 posts

Posted by Undi_PH > 2022-10-26 09:30 | Report Abuse

IPO RM 1.8 a scam. Only PH win GE15 can help those cheated.

Posted by success2628 > 2022-10-27 10:24 |

Post removed.Why?

BanglaMan

870 posts

Posted by BanglaMan > 2022-11-02 09:09 | Report Abuse

Wtf?? After 3 years I’m away you all still here??? Told u all don’t get stucked here.. don’t want to listen.. election also second round already share price still low.

8888_

2,919 posts

Posted by 8888_ > 2022-11-02 10:54 | Report Abuse

Perisai rig disposal approved. Dividend 6-7 sen can expect by 2023?

DickyMe2

1,509 posts

Posted by DickyMe2 > 2022-11-02 13:09 | Report Abuse

Before May 2023, means around Hari Raya Puasa or earlier, is it?
Document said within six (6) months from disposal settlement.

Posted by success2628 > 2022-11-03 07:10 | Report Abuse

Walaoeh, oil price continue to spike up like mad !
Brent closed at=> $96.16 +1.51 +1.69 %

Like that today ICON will be limit up already liao lah !

Congratulations to all the ICON die hard supporters!

Undi_PH

145 posts

Posted by Undi_PH > 2022-11-07 10:32 | Report Abuse

18 sen why so difficult? PH must win GE15 is it?

Undi_PH

145 posts

Posted by Undi_PH > 2022-11-08 09:45 | Report Abuse

Anwar PM10 even RM 1 can?

DickyMe

14,320 posts

Posted by DickyMe > 2022-11-08 18:21 | Report Abuse

Hung Parliament. Frogs galore after election.

Undi_PH

145 posts

Posted by Undi_PH > 2022-11-14 09:25 | Report Abuse

IPO RM 1.8 a con. Vote PH on 19th Nov if you lose a lot of $ being conned.

Undi_PH

145 posts

Posted by Undi_PH > 2022-11-14 14:38 | Report Abuse

18 sen no way? BN also no way on 19th Nov GE.

Undi_PH

145 posts

Posted by Undi_PH > 2022-11-14 16:09 | Report Abuse

Con on IPO price is worse than con on manifestos. BN must lose in GE15.

DickyMe

14,320 posts

Posted by DickyMe > 2022-11-14 16:26 | Report Abuse

Covered cost and took 25% profit.
Balance shares are FOC and awaiting dividend.
Worth the three years wait. Thanks ICON.

Undi_PH

145 posts

Posted by Undi_PH > 2022-11-14 16:32 | Report Abuse

18 sen no BN also no.

Undi_PH

145 posts

Posted by Undi_PH > 2022-11-14 16:33 | Report Abuse

BN not for long term? Try PH next 5 years better.

8888_

2,919 posts

Posted by 8888_ > 2022-11-15 09:00 | Report Abuse

Bursa no news is good news.

8888_

2,919 posts

Posted by 8888_ > 2022-11-15 15:52 | Report Abuse

CI down 14 pts Icon still steady could be dividend come sooner than 6 months?

Icon 888

2,215 posts

Posted by Icon 888 > 2022-11-21 02:06 | Report Abuse

New era politic coming

sheep

3,830 posts

Posted by sheep > 2022-11-24 19:59 | Report Abuse

Div 6.7 sen. Ex 8 Dec huat arrrr

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