any update on the Q report?

how high will this share go?

when is wave 1 going to make the move?

any news ? why it is going up...

Singkalingam if u keep cursing dsonic...it will sure drop to 50cent...very shui one

KUALA LUMPUR: Two top executives of Icon Offshore Bhd, an oil and gas service provider, have been remanded to “facilitate and assist in investigations” by the Malaysian Anti-Corruption Commission (MACC).

pui pui pui...everyone cursed this counter..pui pui pui

8wp..the r waiting for us to buy

bathgel..yes u can go in now

gungho...how do u know that?

you can tell a dying stock, when it's forum is filled with cock talking people :p

no need to wait 3-5 years for oil to go up, once a war start in middle east tomorrow also will go up to US100

thanks for the info shquah

soon this stock will move upward

Barakah is moving now...

KUALA LUMPUR: Barakah Offshore Petroleum Bhd announced that its wholly-owned subsidiary, PBJV Group Sdn Bhd (PBJV, has received a Letter of Award from Kebabangan Petroleum Operating Company Sdn Bhd (KPOC) for the provision of topside maintenance services in Sabah.

In a filing to Bursa Malaysia today, Barakah said the duration of the contract was for one year effective April 2, 2015 with an option for a further one-year extension.

The mobilisation date for the work is expected to be on May 1, 2015.

Barakah said the total value of the contract would depend on the actual work orders to be issued by KPOC from time to time during the contract period.

“The contract is expected to contribute positively towards the earnings and net assets per share of Barakah Group for the duration of the contract,” it added. -- BERNAMA

lucky i bought earlier :)

now going up again

Vaylens when will go up?

i wonder why faber come out with this kind of announcement, when it was heading above 3.40...what a bad timing by their mgmt

is the new above good or bad...?

Financial year end net profit 586.904 million (increased 4.22%)

Good news lah..yahoo. Financial year end net profit 586.904 million (increased 4.22%)

pui pui pui this share........curse it forever drop, pui pui pui

EPF selling to reduce their share for the merger

don't pui pui this share la...very shui one, tomorrow sure drop to 50cents :P

are u sure susie?

optimus don't pui pui DS, very sui one...tomorrow sure drop to 50 cents

EPF been buying this week, maybe they already know the result...

when will this stock move..%3F

hoseiliao...dont say like that lah, pavillion knows the insider one..he will bring the fuelsub project...then u all will sure cry one....

hoseiliao r u refering to Pavillion?

pls don't pui pui DS, soon fuelsub will come..then u will regret it a lot

don't worry guys, Fuelsub project is coming...CBB info

the RM billion broadband project will be awarded to DS by 2Q - only insider know this news...

DS will get the fuel sub project next month - inside news

Karma, where do u get this news from?

Icon price everday new low...good luck to u all

icon everyday new low...good luck to u guys

good news coming...fuelsub

fual subsidy is confirm by next year...inside info

PETALING JAYA: On a day when most stocks were on an uptrend on the back of the market gaining 28 points, Icon Offshore Bhd, the oil and gas (O&G) service provider of Ekuiti Nasional Bhd (Ekuinas), saw some heavy selling.

The selling came amidst the end of a six-month lockup period imposed on the promoters, namely, Ekuinas and Icon’s chief executive officer Jamal Yusof from the date of Icon’s listing on June 25.

Ekuinas and Jamal collectively own some 52% of Icon.

Ekuinas’ equity holding in Icon is held via its wholly owned Yayasan Ekuiti Nasional’s two entities, Sempena Focus Sdn Bhd (2.41%) and Hallmark Odyssey Sdn Bhd (42.28%). Jamal owns 5.02% of the company.

The stock closed 19 sen or 19.5% down to 78.5 sen. It was the most active counter of the day, with 68.76 million shares being done.

This is a 58% descent from its initial public offering (IPO) price of RM1.85. At current levels, the stock is also trading at a price earnings ratio (PER) of 8.32 times its 2014 earnings.

Analysts when contacted feel that Icon shares could continue to suffer from overhang issues until Ekuinas and probably Jamal make clear their long-term strategy for the company.

“While the downside may be limited due to its single-digit valuation, the upside will definitely be capped by the overhang issues,” said an analyst.

As Ekuinas is a private equity company with a time horizon of some three to five years, and given that its investment in Icon started in 2012, this implies that the Government-funded firm may potentially exit the group by 2017.

“But that does not have to be the case. It will all depend on the kind of valuations Ekuinas has on Icon. Why should they sell when the market does not favour O&G stocks,” said a fund manager.

In June, Ekuinas successfully listed Icon, one of its investee companies, selling a 44% stake at what appeared to be a toppish valuation of 24 times PER (based on its IPO price of RM1.85 and earnings per share of 7.61 sen last year).

For the third quarter ended Sept 30, 2014, Icon’s net profit was down 16.89% to RM18.95mil on the back of a 22.7% decrease in revenue to RM79.75mil.

After Icon’s listing, Maybank Investment Bank Bhd had enacted some price stabilisation action to support its share price.

During the period between June 25 and July 24, Maybank had undertaken stabilising actions, where a total of 43.67 million shares were purchased at a price range of between RM1.80 and RM1.85. The last purchase was made on July 24 at RM1.80.

Icon is the largest pure play offshore support vessel (OSV) provider in Malaysia and one of the largest in South-East Asia (SEA) by fleet size, according to an Infield Systems report.

It owns and operates 32 Malaysian-flagged vessels and has one of the youngest vessel fleets in the region, with an average age profile of five years (SEA’s industry age average is 11 years).

Icon can trace its early history to Tanjong Offshore Bhd. In 2012, Ekuinas bought Tanjong Offshore’s marine vessel service arm, Tanjung Kapal Services Sdn Bhd, for RM220mil.

However, the OSV sector is now undergoing an oversupply situation, especially among the smaller players, where margins have been coming down. The sector is expected to face more pressure next year in the face of lower oil prices and reduced expenditure by Petroliam Nasional Bhd (Petronas), which on average spends some RM60bil a year.

Petronas has said that it would cut expenditure by between 15% and 20% next year in line with the lower oil prices.

this icon everyday new low..maybe will reach 20cents

T ANANDA Krishnan’s Bumi Armada Bhd is back in the news amid the slump in oil prices – and for the right reasons too.

This week alone, the stock that came down to as low as 98 sen on the back of slumping global crude oil prices, has hogged the limelight twice.

On Monday, a research house did not discount the possibility of Bumi Armada being privatised, considering that it is being bashed down to less than its book value of about RM1.57 per share. Since the report surfaced, the stock has seen some buying support, probably by speculators believing that Ananda could privatise the company.

Later in the week, another report emerged – this time speculating that Ananda was looking for buyers for his 34.9% block in the company.

Between the two, if anything were to happen, it would be likely the privatisation of Bumi Armada, the largest provider of floating production, storage and offloading services in Asia.

Trading at below book value and a healthy orderbook of more than RM21bil, with its contracts spread out across the region up to Africa, Bumi Armada is easily one of the better-positioned oil and gas service providers to weather the storm.

It does not depend very much on Petronas for jobs. However, it has contracts in Africa, particularly in Nigeria, where oil production is down due to the weakening local currency there and lack of investments.

Ananda is known to take undervalued companies private. He has privatised Maxis Communications Bhd, Measat Bhd and even Astro Malaysia Holdings Bhd before. Maxis and Astro were relisted.

Even Bumi Armada was privatised in 2003 before being relisted at RM3.03 in 2011. Recently, there was a rights issue, following which the theoretical ex-price was about RM1.80.

Ananda is not known to sell cheap. So, that leaves only one option left – privatisation

AhMoi...pls share the answer to your question

T ANANDA Krishnan’s Bumi Armada Bhd is back in the news amid the slump in oil prices – and for the right reasons too.

This week alone, the stock that came down to as low as 98 sen on the back of slumping global crude oil prices, has hogged the limelight twice.

On Monday, a research house did not discount the possibility of Bumi Armada being privatised, considering that it is being bashed down to less than its book value of about RM1.57 per share. Since the report surfaced, the stock has seen some buying support, probably by speculators believing that Ananda could privatise the company.

Later in the week, another report emerged – this time speculating that Ananda was looking for buyers for his 34.9% block in the company.

Between the two, if anything were to happen, it would be likely the privatisation of Bumi Armada, the largest provider of floating production, storage and offloading services in Asia.

Trading at below book value and a healthy orderbook of more than RM21bil, with its contracts spread out across the region up to Africa, Bumi Armada is easily one of the better-positioned oil and gas service providers to weather the storm.

It does not depend very much on Petronas for jobs. However, it has contracts in Africa, particularly in Nigeria, where oil production is down due to the weakening local currency there and lack of investments.

Ananda is known to take undervalued companies private. He has privatised Maxis Communications Bhd, Measat Bhd and even Astro Malaysia Holdings Bhd before. Maxis and Astro were relisted.

Even Bumi Armada was privatised in 2003 before being relisted at RM3.03 in 2011. Recently, there was a rights issue, following which the theoretical ex-price was about RM1.80.

Ananda is not known to sell cheap. So, that leaves only one option left – privatisation. But why would he, considering that the global oil price slump has yet to stabilise?

maybe this is a trick, one day announce to take it private,,then next day announce to sell his stake....maybe he wants to buy low

if ASB n EPF is buying...means we r on the right stock...

Thursday, 18 Dec 2014

5:32PM ARMADA AmanahRaya Trustees Berhad - Skim Amanah Saham Bumiputera ("ASB") (14,379,000 units Acquired)

5:32PM ARMADA EMPLOYEES PROVIDENT FUND BOARD (2,000,000 units Acquired)

next few days will uptrend...bcos AK will be buying all back