ICON OFFSHORE BERHAD

KLSE (MYR): ICON (5255)

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Last Price

1.30

Today's Change

+0.02 (1.56%)

Day's Change

1.27 - 1.35

Trading Volume

3,709,800


11 people like this.

12,150 comment(s). Last comment by mf 2 hours ago

PeterNg

409 posts

Posted by PeterNg > 2017-02-03 10:38 | Report Abuse

ICON Number of Share : 1.177b

PeterNg

409 posts

Posted by PeterNg > 2017-02-03 10:42 | Report Abuse

ICON NOSH = 1,170,000,000
50% NOSH = 585,000,000
If you manage find people have above amount of share.
Then you have a chance.

Hunter Cho

289 posts

Posted by Hunter Cho > 2017-02-03 10:45 | Report Abuse

aiyo we have to talk some sense to some bigger shareholders lah

Hunter Cho

289 posts

Posted by Hunter Cho > 2017-02-03 10:46 | Report Abuse

how can they take ICON offline now and make it a cash cow for UMWOG.. don't forget when they listed ICON take money from the market and they need to give back to public first???

SHQuah

5,363 posts

Posted by SHQuah > 2017-02-03 10:53 | Report Abuse

Hunter Cho.......can u vote ?
Can a small investors like me to vote ?

Hunter Cho

289 posts

Posted by Hunter Cho > 2017-02-03 10:55 | Report Abuse

ask peterNg

SHQuah

5,363 posts

Posted by SHQuah > 2017-02-03 10:56 | Report Abuse

If the due is off, do u think Icon share price will drop back to below 40 sen ?
since we can't get 50 sen ?

Hunter Cho

289 posts

Posted by Hunter Cho > 2017-02-03 11:03 | Report Abuse

for a short time possible but then oil & gas industry is moving up trend and better QR will support further up prices after that...to me if UMWOG can be priced at 0.80 which is much worse shape than ICON, prices for ICON will move up faster to this target

Jay

1,126 posts

Posted by Jay > 2017-02-03 11:03 | Report Abuse

there is no voting. UMWOG will extend a takeover offer to icon shareholders once Ekuinas completed their swap of icon shares for UMWOG shares

Hunter Cho

289 posts

Posted by Hunter Cho > 2017-02-03 11:06 | Report Abuse

i think they call this term market realisation for ICON technically speaking

Hunter Cho

289 posts

Posted by Hunter Cho > 2017-02-03 11:13 | Report Abuse

nothing is done deal until fully executed

SHQuah

5,363 posts

Posted by SHQuah > 2017-02-03 11:17 | Report Abuse

Hope can get the 50 sen ASAP since we can't change anything.

Hunter Cho

289 posts

Posted by Hunter Cho > 2017-02-03 11:37 | Report Abuse

Oil price edges up as US could be set to issue new Iran sanctions

http://www.thestar.com.my/business/business-news/2017/02/03/oil-edges-up-as-us-could-be-set-to-issue-new-iran-sanctions/

Hunter Cho

289 posts

Posted by Hunter Cho > 2017-02-03 11:38 | Report Abuse

US will hit IRAN hard for sure in the next couple of months...

Hunter Cho

289 posts

Posted by Hunter Cho > 2017-02-03 11:42 | Report Abuse

i am going to hold my ICON shares until the last minute should the deal fell through

SHQuah

5,363 posts

Posted by SHQuah > 2017-02-03 15:59 | Report Abuse

Oil edges up on threat of US issuing new Iran sanctions

http://www.cnbc.com/2017/02/02/oil-edges-up-as-us-could-be-set-to-issue-new-iran-sanctions.html

PeterNg

409 posts

Posted by PeterNg > 2017-02-03 16:21 | Report Abuse

Hi SHQuah,
I sold the stock before CNY.

PeterNg

409 posts

Posted by PeterNg > 2017-02-03 16:21 | Report Abuse

Hi Hunter Cho,
I did not hold any stock anymore.

PeterNg

409 posts

Posted by PeterNg > 2017-02-03 16:23 | Report Abuse

I still watch this stock see whether it suddenly will shoot up $0.5? Or drop below $0.4.

Jay

1,126 posts

Posted by Jay > 2017-02-11 16:57 | Report Abuse

UMWOG will submit circular in 4 months time, if approved by Bursa in 2-3 months, EGM 1 month, easily 7-8 months before takeover will be conducted. that's how long you should prepare to hold if you want that 50c

SHQuah

5,363 posts

Posted by SHQuah > 2017-02-13 15:01 | Report Abuse

I sold Icon already last week.
Bought some Gpacket and Alam

Hunter Cho

289 posts

Posted by Hunter Cho > 2017-02-13 22:29 | Report Abuse

me too as i am on 100% margin cannot wait too long for the 0.5 which will take after july 2017

arcadicus

779 posts

Posted by arcadicus > 2017-02-14 16:57 | Report Abuse

start to move worr....

arcadicus

779 posts

Posted by arcadicus > 2017-02-15 10:36 | Report Abuse

huge lots buying worrr...

calvintaneng

56,168 posts

Posted by calvintaneng > 2017-02-27 23:07 | Report Abuse

ICON?

The name means "I CON"

CON WHO?

CON ALL THE SORCHAI WHO BOUGHT IT LAH!

LAST TIME GOT LIQUA

LIQUA

LI = YOU in CANTONESE

QUA = DIE in CANTONESE

SO LIQUA = YOU DIE!"

ALL WHO BOUGHT LIQUA OR "YOU DIE" GONE BANKRUPT WITH THE DELISTING OF LIQUA

SO ALL SORCHAI WHO BOUGHT ICON WILL ALSO GO BANKRUPT LATER.

BETTER WAKE UP!!

SELL ALL AND RUN FAST FAST!!

calvintaneng

56,168 posts

Posted by calvintaneng > 2017-02-27 23:08 | Report Abuse

AIYOYO!

A BIG LOSS OF - 12.78 For this " I CON" YOU. CONMAN STOCK!

NTA ALSO CRASHED FROM 60 SEN TO 47 SEN!

Real Con Man Stock of John Lu

All who followed will end up in HOLLAND (led by John Lu)


See


John Lu is the Superman with super energy!

John Lu has done a real skydiving feat!

His position of Top 10 Now Crash Down to No. 120!!

Wow!

This super sorchai skydive without parachute? And no spare parachute?

No wonder so fast falling flying down from 10 position to 120 position!!

No margin of safety? No 30% limit down trading halt?

WOW!! It is TRIPLE LIMIT DOWN

YES! TRIPLE LIMIT DOWN 30% (THREE TIMES DOWN WITHOUT SAFETY NET!)

So Brave Indeed?

Driving Supersonic Car without brake, safety belt or airbag?

NOW MUST CHANGE NAME TO JOHN HOLLAND

SO THE TITLE & CROWN OF HOLLAND KING MUST GO TO JOHN LU

CLAP!
CLAP!!
CLAP!!!

calvintaneng

56,168 posts

Posted by calvintaneng > 2017-02-28 06:26 |

Post removed.Why?

arcadicus

779 posts

Posted by arcadicus > 2017-02-28 08:31 | Report Abuse

Dont forget umwog will buy icon share 50c each....

arcadicus

779 posts

Posted by arcadicus > 2017-02-28 08:37 | Report Abuse

so u want to buy icon share cheap eh calvin.... hhahahaha....

calvintaneng

56,168 posts

Posted by calvintaneng > 2017-02-28 08:45 |

Post removed.Why?

arcadicus

779 posts

Posted by arcadicus > 2017-02-28 08:47 | Report Abuse

then why umwog willing to buy icon for 50c????

calvintaneng

56,168 posts

Posted by calvintaneng > 2017-02-28 08:52 | Report Abuse

Posted by arcadicus > Feb 28, 2017 08:47 AM | Report Abuse

then why umwog willing to buy icon for 50c????


Don't be so stupid

UMWOG is sinking with Rm4 BILLION DEBT!

Its PPE are worthless assets.

Where got money to buy ICON?

UMWOG also cannot save itself

UMW got rid of it for good.

Better sell first before asking more silly question

calvintaneng

56,168 posts

Posted by calvintaneng > 2017-02-28 09:32 | Report Abuse

Whoa!

Zombie still clutching ICON shares?

UMWOG already collapsed today!!

Better sell all ICON shares before others start dumping.

Don't be foolish to wait for UMWOG to rescue ICON

UMWOG ship is going to sink first.

offshore

327 posts

Posted by offshore > 2017-03-02 16:49 | Report Abuse

This stock rallied because it is valued at 50 sen in the proposed merger. Imagine if the merger can't proceed, the price sure drop. Noted that the proposal has condition precedents, one of them is lenders' approval. In addition, sometime, if there is any findings in the due diligence, that 50 sen value can be revised.

noah

408 posts

Posted by noah > 2017-03-05 13:29 | Report Abuse

offshore: This stock rallied because it is valued at 50 sen in the proposed merger. Imagine if the merger can't proceed, the price sure drop. Noted that the proposal has condition precedents, one of them is lenders' approval. In addition, sometime, if there is any findings in the due diligence, that 50 sen value can be revised
02/03/2017 16:49

---------
Please read the announcement conditions in detail.

The parties acknowledge that if UMW-OG and/or HOSB does
not issue the notice that the due diligence is satisfactory, and
does not otherwise notify the other party that the due diligence
is not satisfactory within four (4) weeks from 2 February 2017,
the Conditions Precedent relating to due diligence are deemed
fulfilled.

noah

408 posts

Posted by noah > 2017-03-05 13:30 | Report Abuse

so as of now in view of there is no due diligence update.
by 2 Mar 2017
the due diligence are deemed fulfilled.

curious2

1,812 posts

Posted by curious2 > 2017-03-05 15:22 | Report Abuse

So 50 sen sure can get?

noah

408 posts

Posted by noah > 2017-03-05 23:22 | Report Abuse

not like 100% sure,but higher chances.
its like 1 step closer.

offshore

327 posts

Posted by offshore > 2017-03-06 09:55 | Report Abuse

Only CPs relating to due d deemed fulfilled if no notice within 4 weeks. Still need lenders' approval. Not just Icon's lenders, but lenders of UMWOG and Orkim as well.

noah

408 posts

Posted by noah > 2017-03-06 11:18 | Report Abuse

don't think there will be any issue with lender's approval for this case.
it's Ekuinas & PNB after all. just like left hand to right hand.

if other corporation then yes there would be a higher risk.

noah

408 posts

Posted by noah > 2017-03-06 11:19 | Report Abuse

but still not worth to wait for a 6% upside at 0.470 price now.
the downside will be huge if the deals is called off.
although the chances are small, but there are still chance

SHQuah

5,363 posts

Posted by SHQuah > 2017-03-06 14:08 | Report Abuse

Not worth waiting just for a few sen.
My advise is sell all your Icon and buy Gpacket.
Gpacket got good future. Long term return better.

BN_menang

2,982 posts

Posted by BN_menang > 2017-03-07 11:17 | Report Abuse

Up 1 sen and safe as FD.

calvintaneng

56,168 posts

Posted by calvintaneng > 2017-03-08 20:25 | Report Abuse

Better take whatever cash and run early.

If umwog got insolvency then deal might be called off

Then cry father cry mother also no use later.

calvintaneng

56,168 posts

Posted by calvintaneng > 2017-03-09 15:42 | Report Abuse

Better don't waste time here.

Go buy Opcom before it run away like Htpadu!

limch

3,062 posts

Posted by limch > 2017-03-09 20:42 | Report Abuse

Icon Offshore secures RM72 mil long-term charter
http://www.theedgemarkets.com/my/article/icon-offshore-secures-rm72-mil-long-term-charter

calvintaneng

56,168 posts

Posted by calvintaneng > 2017-03-13 11:48 | Report Abuse

Aiyoyo!

Crude oil crashing.
Project awarded no certainty of payment. Might even be cancelled.
Umwog might also call off merger.

Price now topping

Risk and reward does not justify holding.
Better sell and look for construction and construction material stocks safer.
Avoid o & g stocks now!

JamesPond

429 posts

Posted by JamesPond > 2017-03-27 14:54 | Report Abuse

IMHO if the proposed MGO by UMWOG is materialised, then it is likely that ICON shareholders will also lose out. Based on the announcements, the MGO is via a share swap of which ICON is valued at 0.50 and UMWOG at 0.80. Meaning if you have 1600 icon shares, you get 1000 UMWOG shares. The current price of UMWOG is 0.63, i.e. your 1600 ICON shares is worth only RM630 ...39.5sen

Posted by bluedolphine > 2017-04-03 19:25 | Report Abuse

Hi james, they are giving out cash for the mgo. The share swap is only for Ekuinas i think...

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