profit high now but wait for 1-2 years their vessels will be screwed up. very poor maintenance. now they squeeze their maintenance program so the bottom line is good. but in reality they defer the maintenance, what they tell you is the dry-docking program which is a MUST do otherwise the class will not allow the ship to sail. hahahahaha ; the day to day program is non existence at all. to jolie2 PETRONAS will dump her too
Good day everyone. This is Dr Jamal of Icon CEO speaking again. Let me explain the benefit of dry docking. The benefits are 1) reduce time out of service 2) allow the shipyard to quote competitively 3) provide a clear cost exposure to the owner 4) maximize vessel availability 5) control cost.
Nowadays , based on advancement of technology and improvement program such as six sigma, dry-docking program is a reliable program. Don't worry on the future. Our net profit margin has margin of 27% (for 2013 financial year) versus an average of 18% for msia OSV peers and 20% for Spore OSV players. We are also the highest Ebitda margins at 57% for FY2013 compared with the industrial average of 41&. We will continue to maintain this margin and satisfy our boyfriend (Abang Petronas).
Coming few days, worth more of the value at 1.50. Dont worry, if still go down, tell yourself u are long term investors while looking at others make thousands at skpetro.
Boss, skpetro is 20 billion market cap. U think u can hold all the way to 5 straightly? U keluar masuk by following chart and trend ma, since fundamental and business scopes are intact.
icon different story, vessels business are too competitive, such as gloves.
i m the original shareholder who bought it at 0.50. i bought 2 years ago under the tgoff restructuring. sold when it touched 2.13. Made profit RM39k. many more investor like me and definately short term it will be under pressure
the shares were offered under TGOFF restructuring. you can choose to take the dividen or take up the unlisted company with listing in 2 years. I took the 2nd option holding an unlisted company. Bought at 1.00 but before listing splitted to 0.50. That is how i manage to buy it.
haha, stabilizing the price, useless like aax last time. totally not a good news, no wonder today see 1.85 so strong support ... near 30k lot buy q in the morning
they already expected because of the tgoff case, alot ppl will dump the stock..thats why they issue this maybank support..if you want to buy or average down your price...1.85 is the best as its going to rebound...
I notice MSM and FGV listed somewhere in June-July few years back just like ICON the price went down from IPO date (as usual I lose money on all this counters even now with ICON)... Just my 2 cents worth of observation.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 791 views | 5 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
cipapo
1,288 posts
Posted by cipapo > 2014-06-28 00:49 | Report Abuse
Aax is fuel user...icon is fuel extraction enabler...get your facts right..but aax will be making a come back Q4...just watch..