Posted by iWarrants > 2014-05-30 17:27 | Report Abuse

hey there DRw, you also love to play wr?

Posted by speakup > 2014-05-30 17:28 | Report Abuse

Same biz as Alam Maritim

Posted by DRwarrant > 2014-05-30 17:36 | Report Abuse

wowww...my new found friend..iWarrants

hello...hoping you making solid lui $$$$

yess , me too LOVE so much with warrants especially the ACE warrants..

NOW it's the IPO mania , so now me too oin in the band wagon of IPO !

I punted 7-11 IPO today , grab at opening RM 1.45 making KOOL lui $$ today

Posted by DRwarrant > 2014-05-30 20:08 | Report Abuse

SNAP with in HOURS by FUND - Wall Street Journal >> $$$$$$$

Shares of Malaysia's Icon Offshore Bhd., which started taking orders Friday for its up to $300 million initial public offering, were snapped up within hours of opening bookings, people familiar with the matter said.

The shares are being sold at between 1.80 ringgit and 1.85 ringgit ($0.56 and $0.58) a piece, two people involved in the deal told The Wall Street Journal. Icon Offshore, which owns a fleet of offshore support vessels, will price the shares on June 10 ahead of its listing slated for June 25, according to its prospectus.

"We've started the roadshow and the shares were fully sold within hours," one of the people said.

Icon Offshore is backed by nine so-called cornerstone investors, who have taken up more than half of the IPO shares. These investors—including AIA Bhd., Hwang Investment Management Bhd., Nomura Asset Management Bhd. and Permodalan Nasional Bhd.—have agreed to hold on their shares for at least six months after the listing.

The company is planning to use the proceeds from its IPO to expand its fleet and repay bank borrowings. The Malaysian-based company owns 32 ships for charter and is seeking to add another four vessels to its fleet.

Posted by DRwarrant > 2014-05-31 07:24 | Report Abuse

This is the best part of the HOT ICON OFFSHORE IPO...CORNERS STONE HOLD almost 55 % of the share OFFERED & CAN'T SELL for 6 MONTHS.

The IPO attracted and secured leading cornerstone investors including tycoon Tan Sri Chua Ma Yu,
AIA Bhd., Hwang Investment Management Bhd, JF Asset Management Ltd, Lembaga Tabung Haji, Maybank Asset Management Sdn. Bhd., Nomura Asset Management Sdn. Bhd., Permodalan Nasional Bhd, , and UOB Asset Management (Malaysia) Bhd.

"The cornerstone investors will hold 53.8% of the total offering, and will be subject to a lock-up period of six months from the date of IPO," it said.

Posted by speakup > 2014-05-31 10:07 | Report Abuse

ICON & ALAM same business. Comparing ICON & ALAM fundamentals, it is obvious ALAM is better than ICON.

ALAM
----
PE 17.0x
EPS 9.1
NTA rm0.78
Gearing 0.52x
Vessels fleet 44
Price about rm1.55


ICON
----
PE 19.2x
EPS 9.65
NTA rm0.85
Gearing 0.65x
Vessels fleet 34
Price about rm1.85

Posted by saufi74 > 2014-05-31 11:13 | Report Abuse

Drwarrant..now u know whose Chua ma yu??? Before this..u negative about ipo..but I made a lot of money from ipo..cheers..

Posted by DRwarrant > 2014-05-31 11:34 | Report Abuse

saufi ....thanks about that info !

I think people prefers new IPO ICON offshore , afterall ICON is a GLC - Government Link Company @ EQUINAS ( government agenda ) , so money will be no problem - oso - preferred by PETRONAS.
so brighter @ shining future with ICON offshore , easily to get government projects , especially from cash cow@ rich PETRONAS !!

Posted by speakup > 2014-05-31 22:39 | Report Abuse

Yes Chua Ma Yu is also one of the largest shareholder of Sumatec.

Posted by speakup > 2014-05-31 22:46 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/05/31/Icon-IPO-to-raise-RM945m-But-valuations-are-on-the-high-side/

ICON Offshore Bhd is coming to the market at a price-to-earnings multiple (PE) of 18 to 19 times its estimated 2014 earnings (FY14) – a premium over the sector average of 13 times.

Its peers such as Perdana Petroleum Bhd and Alam Maritim Resources Bhd are currently trading at 13 times their forecast earnings this year, and between 11 and 12 times their 2015 earnings, according to Bloomberg data.

On a historical basis, Icon Offshore will be listed at a steep 24 times earnings, given its indicative initial public offering (IPO) price of RM1.85 and earnings per share of 7.61 sen last year.

Its FY15 valuations are more reasonable at 13 to 15 times earnings.

At these levels, the offshore support vessel (OSV) owner-operator is commanding valuations that are closer to the large cap, integrated players like Bumi Armada Bhd and SapuraKencana Petroleum Bhd.

Posted by DRwarrant > 2014-06-02 00:21 | Report Abuse

very good IPO - it's govenrnment link EKUINAS - easy link to petronas contract .
many corner stones investor , can't sell for at least 6 months.

heard TP can fetch RM 5 +

Posted by DRwarrant > 2014-06-03 00:18 | Report Abuse

ICON offshore IPO ....like a hot cake now , everybody talking about it $$$$$....TP RM 4.00 ++ ?

Posted by DRwarrant > 2014-06-03 09:07 | Report Abuse

very potential - government link EKUINAS IPO..$$$$$$

Posted by DRwarrant > 2014-06-04 18:17 | Report Abuse

sure huarttt $$$$$$

Posted by DRwarrant > 2014-06-06 17:06 | Report Abuse

Target Price RM 3.80.....no problem $$$$

Posted by iafx > 2014-06-06 17:08 | Report Abuse

given how POSH (with international biz, icon is local only hoping to go regional) perform, this one is over priced

Posted by selamba > 2014-06-06 17:09 | Report Abuse

yahooooo untun g

Posted by DRwarrant > 2014-06-07 05:39 | Report Abuse

icon offshore is government link ipo - it's petronas pet - snap by foreign fund in hours all ipo wallapppp edi >>

SURE HOT HOT IPO $$$$$ - OIL - OIL - OIL

TP RM 3.80 !

Posted by DRwarrant > 2014-06-09 10:41 | Report Abuse

hot hot hot ICON IPO...heard RM 3.80 $$$$$$$

Posted by DRwarrant > 2014-06-09 15:13 | Report Abuse

finger crossed $$$$$$$$$

Posted by DRwarrant > 2014-06-09 22:27 | Report Abuse

TA TP RM 2.98 ?....huarrt arrrrr

TA very thrifty one , seldomly give high TP worrr,,,,$$$$

Posted by DRwarrant > 2014-06-11 21:44 | Report Abuse

huarttt arrrrr TP 3.00 ++

Posted by pooket > 2014-06-13 09:53 | Report Abuse

This thing is WAY overpriced. It shows that ownership are greedy pigs. Pigs get slaughtered!

Posted by DRwarrant > 2014-06-13 17:41 | Report Abuse

even 7-11 oso very huartttt , so icon offshore sure JACKPOT $$$

Posted by DRwarrant > 2014-06-15 00:13 | Report Abuse

backed by 9 big solid corner stones local + foreign fund , lock up for 6 months ( they can't sell for 6 months ).....means $$$$ to ICON !

Posted by AyamTua > 2014-06-15 01:21 | Report Abuse

buy iJacobs not iPhone kikiki or iCon - sure up bor. wahihiii wakikiki hihihi

Posted by DRwarrant > 2014-06-15 10:16 | Report Abuse

ICON offshore government link IPO $$$$$

Posted by DRwarrant > 2014-06-16 08:34 | Report Abuse

TP RM 3.80.....huarrtt arrrr $$$$$$$

Posted by mhelmi80 > 2014-06-16 08:40 | Report Abuse

when listing? lazy to scroll up haha

Posted by wzwmz888 > 2014-06-16 08:54 | Report Abuse

listing date: 25 june 2014

Posted by DRwarrant > 2014-06-16 09:21 | Report Abuse

ICON ofshore - strong PETRONAS backing ( projects worth BILLIONS RM )
after all ICON is government Ekuiti Nasional Agenda $$$$$$

Posted by DRwarrant > 2014-06-16 12:48 | Report Abuse

opening ICON RM 3.00 ?.....talk of the town now !

Posted by DRwarrant > 2014-06-16 17:06 | Report Abuse

solid opening expected RM 3.00 +...then all way up to the TP ( 3.80 - 4.50 ) !

Posted by DRwarrant > 2014-06-24 18:55 | Report Abuse

latest TP RM 5.00 huartttt arrrrr $$$$$$ , world oil price = USD RM 125 , perfect time for listingg $$$$$

Posted by huat888 > 2014-06-24 23:58 | Report Abuse

sure??? Better than SKPetro??

Posted by Steven Yong > 2014-06-25 12:43 | Report Abuse

Stop dreaming you all.