ICON OFFSHORE BERHAD

KLSE (MYR): ICON (5255)

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Last Price

0.745

Today's Change

+0.005 (0.68%)

Day's Change

0.74 - 0.775

Trading Volume

2,956,800


11 people like this.

12,021 comment(s). Last comment by tssl74 8 hours ago

Posted by sylvester89 > 2023-03-03 15:07 | Report Abuse

I see today Velesto just increase 15sen which is a good rebound.

5354_

4,651 posts

Posted by 5354_ > 2023-03-03 15:08 | Report Abuse

Why down trend you say is like sure?

sylvester89

@5354_ Icon won't make it already it's hard to rebound we will see next week the limit down trend.

12 minutes ago

sylvester89

let's make no mistake Velesto I not sure....But if Icon can't really get those project then Icon is ended from here. As i mention at previous chat. But not to worry I know Icon parent company is strong enough they won't let icon just die.

30 seconds ago

5354_

4,651 posts

Posted by 5354_ > 2023-03-03 15:13 | Report Abuse

At least Icon take care shareholders paying us dividend unlike Velesto no dividend why 21 sen also cheap?

Posted by sylvester89 > 2023-03-03 15:13 | Report Abuse

@5354_ (Why down trend you say is like sure?) <---- I study the company charts and if I am not mistake the price would down back to 0.05 and won't be lower than that 0.05. Base on 3 year from 2020 - 2023 chart.

5354_

4,651 posts

Posted by 5354_ > 2023-03-03 15:17 | Report Abuse

Who goreng Velesto end up burnt because PNB keep selling. If low price perhaps icon parent Ekuinas can privatise like LTAT privatise Boustead?

Posted by sylvester89 > 2023-03-03 15:18 | Report Abuse

@5354_ (At least Icon take care shareholders paying us dividend unlike Velesto no dividend why 21 sen also cheap?) As you try check the dividend from Icon company in 2020 they did a share consolidation and right issue 100: - 1: <--- this is what I gain profits during 2020. Before 2020 year there is no dividend from this company if u check it out. I not sure about velesto as I not invested on that counter. Recently Icon give RM0.067 sen divided is because of the sales rig to saudi.

5354_

4,651 posts

Posted by 5354_ > 2023-03-03 15:19 | Report Abuse

5 sen Icon no more haha. 8.5 sen yesterday is best price you can buy.

Posted by sylvester89 > 2023-03-03 15:21 | Report Abuse

@5354 (5 sen Icon no more haha. 8.5 sen yesterday is best price you can buy.) Hahaha....true man!! i was wanted the price to went down lmao but will get screw up by people LOL

Posted by sylvester89 > 2023-03-03 15:23 | Report Abuse

Hahaha.....the MD just done Acquired 2 million Icon share for RM0.095 price.... Enjoying dalam goreng soon.

5354_

4,651 posts

Posted by 5354_ > 2023-03-03 15:23 | Report Abuse

9 sen is today best buy(I mean can get done big quantity). Next week must pay 9.5 sen minimum?

Posted by sylvester89 > 2023-03-03 15:26 | Report Abuse

ok if the price next week started from (B) is 0.085 which mean u need to pay 0.090... If the (B) was 0.090 then u will need to pay 0.095.

5354_

4,651 posts

Posted by 5354_ > 2023-03-06 09:20 | Report Abuse

Esos 10.5 sen bought by MD why nobody can share? All shareholder CL?

5354_

4,651 posts

Posted by 5354_ > 2023-03-06 09:22 | Report Abuse

2023-03-03

Insider
DATO' SRI HADIAN BIN HASHIM (a company director) acquired 2,000,000 shares at 0.095 on 01-Mar-2023.

5354_

4,651 posts

Posted by 5354_ > 2023-03-06 09:23 | Report Abuse

See who clever. 9 sen who sell when MD bought at 9.5 sen

Posted by sylvester89 > 2023-03-06 09:44 | Report Abuse

@5354_ We just steady only wait more people sell more we collect it at more lower price no worry.

nicholas99

9,844 posts

Posted by nicholas99 > 2023-03-06 09:46 | Report Abuse

this type of director is goreng stock director.

Posted by sylvester89 > 2023-03-06 10:11 | Report Abuse

@nicholas99 lol......he is holding 3.47% percent only 93million shares on hand so anytime he want to goreng also not a problem small potato will be dying only when they purchase from high price. that's why i let the price drop to 0.08 below only start buying.

Posted by sylvester89 > 2023-03-06 10:33 | Report Abuse

eh.....why not much people throwing out now just sell panic mode on lo..... let the price downtrend.

DickyMe

14,415 posts

Posted by DickyMe > 2023-03-06 22:11 | Report Abuse

Lots of money waiting to buy at lower price.
So dipping soon to fill?

Posted by sylvester89 > 2023-03-06 23:09 | Report Abuse

@DickyMe Hahaha... let's guess how much would dropped to 0.05?

Icon 888

2,223 posts

Posted by Icon 888 > 2023-03-07 13:42 | Report Abuse

Ninja turtle show

Tigerchan

349 posts

Posted by Tigerchan > 2023-03-07 20:27 | Report Abuse

1. Reduction of share capital by RM 850,000,000 to eliminate losses.
2. Share consolidation 5:1

Posted by whistlebower99 > 2023-03-07 20:56 | Report Abuse

Previous share consolidation in 2020

Share consolidation of every 50 existing ordinary shares in Icon Offshore Berhad ("Icon") ("Existing Shares") into 1 consolidated share in Icon ("Consolidated Share(s)") as at 5.00 p.m. on Thursday, 23 January 2020 ("Entitlement Date") ("Share Consolidation")

========
Be careful trading and holding high NOSH penny stocks

Posted by whistlebower99 > 2023-03-07 22:22 | Report Abuse

FOR NEWBIES

ICON OFFSHORE BERHAD ("ICON" OR THE "COMPANY")
(I) PROPOSED CAPITAL REDUCTION; AND
(II) PROPOSED SHARE CONSOLIDATION
On behalf of the Board of Directors of the Company, Kenanga Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:-

(i) proposed reduction of the issued share capital of Icon by RM830.00 million pursuant to Section 116 of the Companies Act 2016 to eliminate the accumulated losses of Icon and its group of subsidiaries; and

(ii) proposed consolidation of every 5 existing ordinary shares in Icon (“Icon Shares”) held by the shareholders of Icon, on an entitlement date to be determined and announced later, into 1 Icon Share

This announcement is dated 7 March 2023.
MULTIPLE PROPOSALS | https://www.klsescreener.com/v2/announcements/view/4404095

========
Share consolidation and rights issue in Jan 2020
Share consolidation in March 2023

=============
Long term loyal shareholders suffered huge losses in 2020 will again suffer another loss in 2023.

Be careful trading and holding high NOSH penny stocks

Posted by sylvester89 > 2023-03-07 22:23 | Report Abuse

Hahaha....see I know they would this again to scam the people in their way the MD is doing goreng inside happy and see those small fry died. I never lies see by your own eye!!!

Posted by sylvester89 > 2023-03-07 22:49 | Report Abuse

@DickyMe sad bro I think I see u buy 30k share but end up how much we gonna loss....

Posted by sylvester89 > 2023-03-08 09:09 | Report Abuse

@warr168 hahaha.....what i say was right the MD is conning every small frys now. by doing share conso.

5354_

4,651 posts

Posted by 5354_ > 2023-03-08 09:10 | Report Abuse

More dividend in future as per yesterday announce? Buy more from i3 members haha.

5354_

4,651 posts

Posted by 5354_ > 2023-03-08 09:11 | Report Abuse

Cheapest dividend counter? I collect more from sellers like MD Hadian does.

Posted by sylvester89 > 2023-03-08 09:13 | Report Abuse

@5354_ don't bothers about the dividend already this counter can be blacklisted in anytime LoL many people losing money in this counter i do believe because when the share conso is done 5: - 1: which mean if you holding 10000 share end up you left 2000 share on hand so you have loss RM760 in the end.

5354_

4,651 posts

Posted by 5354_ > 2023-03-08 09:13 | Report Abuse

0.5 sen dividend every year can give is enough. Better than put $ in FD.

Posted by sylvester89 > 2023-03-08 09:18 | Report Abuse

@5354_ it's better to look for those company with a good dividend yield and no share conso at all.

5354_

4,651 posts

Posted by 5354_ > 2023-03-08 09:19 | Report Abuse

Citaglobal also share consolidation why still RM 1.5 or 30 sen before share conso?

5354_

4,651 posts

Posted by 5354_ > 2023-03-08 09:21 | Report Abuse

Ekuinas Icon no 1 shareholder is govn owned so govn must take care Icon indirectly

Posted by sylvester89 > 2023-03-08 09:27 | Report Abuse

Hahaha.....good luck for those people who bought at high price and have to loss so much :(

warr168

14 posts

Posted by warr168 > 2023-03-08 09:27 | Report Abuse

Take very long to yield..until cow coming back home also not yet.

5354_

4,651 posts

Posted by 5354_ > 2023-03-08 09:42 | Report Abuse

9.5 sen is back so cannot get 5 sen haha despite share conso so call bad news.

Posted by hohlaiyet88 > 2023-03-08 09:49 | Report Abuse

Then Icon will coming panic selling soon....

Posted by sylvester89 > 2023-03-08 09:58 | Report Abuse

already panic sell early the morning

Posted by I_like_dividend > 2023-03-08 10:04 | Report Abuse

Who like my id Icon is best buy counter hence no 1 volume?

Posted by I_like_dividend > 2023-03-08 10:05 | Report Abuse

EPF behind buying? Why buyer buy q very strong?

Posted by sylvester89 > 2023-03-08 10:11 | Report Abuse

@I_like_dividend insider doing job anyway

MamakKutty

277 posts

Posted by MamakKutty > 2023-03-08 10:35 | Report Abuse

I guess the last week price suddenly drop is probably due to insider dispose before announcement.

08127059

43 posts

Posted by 08127059 > 2023-03-08 12:09 | Report Abuse

Dont buy malay comp stock related to gov...all cheat n manipulation...crap....shit

08127059

43 posts

Posted by 08127059 > 2023-03-08 12:09 | Report Abuse

They do it again n again

afifi

2,030 posts

Posted by afifi > 2023-03-08 12:12 | Report Abuse

agree...

08127059

43 posts

Posted by 08127059 > 2023-03-08 12:12 | Report Abuse

They dont know how to manage comp...just rely on gov..this is the way they survive in bussines

08127059

43 posts

Posted by 08127059 > 2023-03-08 12:16 | Report Abuse

2020 they did it n now they do it again...just cant believe why people keep buying this stock...name ICON from word CON...all investors have been CON...ICON the CON comp....

1234rich

273 posts

Posted by 1234rich > 2023-03-08 12:21 | Report Abuse

SC please be fair to small /retail investors. I agreed to MamakKutty inside had disposed between 28th Feb to 1st March making the share prices drop suddenly. Icon Director persecuted retails investor. Retails Investor will lost money on Icon. I not agree plan for Capital Reduction . If want to do don't dispose Director and Ally shares. Retails Investor disappointed. SC please look into this matter. System not fair.

1234rich

273 posts

Posted by 1234rich > 2023-03-08 12:24 | Report Abuse

Just give dividen then want to do capital reduction. Where the money from selling the ship? Please don't persecute retails investor.

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