Posted by Timie > 2015-04-23 17:04 | Report Abuse

'Protected species'. Hahaha...

Posted by Timie > 2015-04-23 17:07 | Report Abuse

Near 24 Milion shares trade at volume more than 100K..

Posted by MC88 > 2015-04-23 17:09 | Report Abuse

This is largely due to the company’s tie-up with Petronas – its hydrocarbon arm, Petronas Carigali, is ICON’s primary client and accounted for 71.7% of total revenues in 2013. Another major client is UMW Oil & Gas.

Posted by cipapo > 2015-04-23 17:16 | Report Abuse

yeah...this is just panic selling

Posted by ongmarine > 2015-04-23 17:21 | Report Abuse

my friend MC88 and yapts please don't underestimate MACC. This issue has disrupted the marine industry in the oil and gas and I am sorry for the rest of the industry players. the truth will surface.

Posted by yapts > 2015-04-23 17:29 | Report Abuse

ongmarine,thanks for info. Now Icon is trading at 30% of its IPO px!

Posted by MC88 > 2015-04-23 17:34 | Report Abuse

Ongmarine I think u should give yourself a slap in the face. It's time to wake up. Let MACC do their job but eventually it's all clean. SC has done their due diligence and Icon have already answered numerous MACC inquiries.

Posted by Raymond Tiruchelvam > 2015-04-23 17:45 | Report Abuse

i wonder if the MACC remand (first of its kind i think for corporate leaders) has links to the persistent selling by the CEO... and also other directors? The CEO seems to know something that we dont (which is quite obvious)... even if MACC clears them, the question of the selloff still needs an answer. Share is trading at 8.24 PE... very attractive.

Posted by rlch > 2015-04-23 17:52 | Report Abuse

yapts ongmarine,thanks for info. Now Icon is trading at 30% of its IPO px!
Why IPO subscribers never complain anything? Who are they? LTH?

Posted by rlch > 2015-04-23 17:53 | Report Abuse

Any changes in research house TP?

Posted by tc88 > 2015-04-23 18:12 | Report Abuse

Ekuinas bought Omni for RM220.9mil and Tanjung Offshore’s marine vessel arm for RM220mil cash. After the merger, Ekuinas listed Icon Offshore on the Main Market of Bursa last June at an initial public offering (IPO) price of RM1.85 per share, giving it a market cap of RM2.18bil. Market cap now only RM700M.

Ekuinas so clever, bought at RM440 Million and then made IPO RM2.18 Billion, crazy man...........

http://www.thestar.com.my/Business/Business-News/2015/04/23/Icon-bosses-remanded/?style=biz

Posted by Chesterson > 2015-04-23 18:18 | Report Abuse

Cut loss

Posted by rlch > 2015-04-23 19:42 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4716065

Posted by TonsilBasher > 2015-04-23 19:42 | Report Abuse

When Focus Malaysia queries this counter at IPO, its already a doubtful company. Now it just all hell break lose

Posted by Mcdaniel > 2015-04-23 20:16 | Report Abuse

See you at 20- 30 sen

Posted by jolie2 > 2015-04-23 20:40 | Report Abuse

belum cukup 1 tahun (from IPO date) , sudah kasi semua olang pokai.
Kasi tukar nama ke pokaicon.

Posted by rlch > 2015-04-23 20:46 | Report Abuse

Change CEO also can. Let Deputy CEO become new CEO. See whether our luck got change.

Posted by is861001 > 2015-04-23 20:54 | Report Abuse

hahaha

Posted by jolie2 > 2015-04-23 21:02 | Report Abuse

tomorrow morning-morning, this pokaicon will do a "pandalela diving" style.

Posted by Chesterson > 2015-04-23 21:06 | Report Abuse

hahahahhaa jolie2 nice one

Posted by Taugeh > 2015-04-23 21:29 | Report Abuse

ALL THE WAY DOWN...DOWN...

Posted by beso > 2015-04-23 21:30 | Report Abuse

today volume more than one month average，expect gap down tomorrow

Posted by Taugeh > 2015-04-23 21:30 | Report Abuse

0.6...0.55...0.50...0.45...0.4...0.3

Posted by LaoLiu > 2015-04-23 21:37 | Report Abuse

Perhaps miracle will happen, haha. Nobody knows what will happen next.

Posted by jolie2 > 2015-04-23 21:46 | Report Abuse

Ekuinas bought Omni for RM220.9mil and Tanjung Offshore’s marine vessel arm for RM220mil cash. Total together ekuinas investment is
RM 440 mil

total icon share 1.2 billion.
means the investment value is only 37 cents/ share.
They listed for RM 1.85 / share .... 5 times ekuinas investment.

So, 40 cents is my target price.

From
JL Investment Bank

Posted by beso > 2015-04-23 22:04 | Report Abuse

this calculation makes sense and logical，i like it

Posted by armt > 2015-04-23 22:10 | Report Abuse

Errrr...what about the capex money they pumped in?? You don't account for additional investments that has been put in? Not so logical bro...

Posted by Mcdaniel > 2015-04-23 22:33 | Report Abuse

CEO do not care if it went down
They has made huge profit since ipo
Further devaluation will only enhance their earning by buying back at low

Posted by jolie2 > 2015-04-23 22:39 | Report Abuse

frankly speaking, this CEO previously is Tanjung Offshore’s marine vessel arm ex-CEO.
He already jack-up the asset price before sell to Ekuinas. Somemore another jack-up when equikas do an IPO

Therefore, 40 cents actually already too-much.

Posted by tc88 > 2015-04-23 22:42 | Report Abuse

This bus is operated by unhonest driver.....do u dare to follow this bus ??? Simple way to know whether u dare invest in this company.

Posted by Mcdaniel > 2015-04-23 22:46 | Report Abuse

Wonder if anyone make money from this counter except the ceo and coo themself

Posted by callme777 > 2015-04-23 22:49 | Report Abuse

Crude oil is up 3 percent, hmmmmm.... Meaningless dy. This counter does not follow oil anymore

Posted by joerakmo > 2015-04-23 23:03 | Report Abuse

methinks there is a massive 'ass-covering' that goes back all the way to IPO.Too early to say if 2 guys are scapegoats only or not!
jolie2 seems pretty close!

Posted by The One > 2015-04-23 23:41 | Report Abuse

Me tend to agree with rich. Tomorrow maybe business as usual. No need to heed to all these emotional feelings.. which tend to favour the market makers..

Posted by Nyalas1955 > 2015-04-24 00:01 | Report Abuse

Name

Nature of interest

Date of Disposal

Number of Ordinary Shares of RM0.50 each disposed

Price per Share (RM)

Percentage of Issued Shares Disposed (%)



Dr. Jamal Bin Yusof @ Gordon Duclos

Direct

20-Apr-15

1,000,000

0.71215

0.08%


Dr. Jamal Bin Yusof @ Gordon Duclos

Direct

21-Apr-15

1,000,000

0.71418

0.08%


Edwanee Cheah bin Abdullah

Direct

21-Apr-15

1,326,194

0.709

0.11%

2 directors sold 3 million plus share on 20-21/4/15 ahead of time.

They must have known the news ahead of us all!

Posted by paulthesotong > 2015-04-24 06:16 | Report Abuse

"More Arrests likely'

Posted by Tornado > 2015-04-24 06:41 | Report Abuse

If the CEO & COO do not know news of the company ahead of all of us , who else ?

Posted by Walao > 2015-04-24 07:32 | Report Abuse

It is good that those bad apples to be eliminated. I think the directors had did the right decision

Posted by tanbb > 2015-04-24 07:57 | Report Abuse

oil rebounce..

Posted by King Kong73 > 2015-04-24 08:27 | Report Abuse

Your english sir is appalling

Posted by newbird82 > 2015-04-24 08:50 | Report Abuse

I predict it will bounce back later, Up soon!!

Posted by Timie > 2015-04-24 08:56 | Report Abuse

I think good time to buy..

Posted by cipapo > 2015-04-24 09:01 | Report Abuse

0.650 coming...

Posted by rlch > 2015-04-24 09:04 | Report Abuse

Crude Oil (WTI) USD/bbl. 57.49
Crude Oil (Brent) USD/bbl. 64.67

Oil price highest in 2015?

Posted by Lim Elson > 2015-04-24 09:10 | Report Abuse

buy buy buy...

Posted by jolie2 > 2015-04-24 09:14 | Report Abuse

selling start.
Another trap.

Posted by cipapo > 2015-04-24 09:18 | Report Abuse

where got trap...going up la

Posted by Lim Elson > 2015-04-24 09:20 | Report Abuse

oh.. kena cheated.. buy pull out... fake buying volume early morning... haha//

luckily i still q-ing... kekeke

Posted by MC88 > 2015-04-24 09:22 | Report Abuse

Icon Offshore said it is not aware of the "details of the nature of the investigations or their status". It assured the market regulator though that the remand would not have any financial and operational impact on the company.

"We do not expect the remand to have any financial or operational impact to the group as our deputy CEO, Captain Hassan Ali continues to be responsible for the day-to-day management of our company as well as the coordination of the administrative and business activities of our group," it told Bursa Malaysia yesterday.

It said that Hassan has assumed the functions of the CEO effectively from April 22, 2015, in addition to his existing responsibilities.

"In light of the development, our company has engaged our stakeholders, namely our customers and lenders to appraise them of the matter and at the same time, provide assurance to our stakeholders that it is business as usual for our group under the stewardship of our deputy CEO," the company said.

- See more at: http://m.thesundaily.my/node/306247#sthash.3V5CdIte.dpuf

Posted by jolie2 > 2015-04-24 09:22 | Report Abuse

they let the volume to build up at 0.625
Later one shot, throw out 1 million at 0.625