Just got some rumours news say ICON will be joining PN17 soon because they are at loss. This company will be bankruptcy soon they say. But dunno is true a not.
I bought this counter @4.5 sen when Meow was purring some years ago, out f curiosity. This counter has been generous to me. However, need tremendous patience. I have sold twice @13 sen.
Icon Offshore Bhd posted record fourth quarter and full-year net profits for the year ended Dec 31, 2022 (FY2022) after a hefty net gain of RM196.3 million from the disposal of its sole jack-up rig.
The oil and gas service provider’s net profit for 4QFY2022 was up by 32 times to RM153.6 million from RM4.8 million a year earlier. Earnings per share (EPS) rose to 5.68 sen from 0.18 sen.
For FY2022 as a whole, net profit rose by more than seven times to RM171.56 million from RM22.7 million in the previous year. Full-year EPS grew to 6.34 sen from 0.84 sen in FY2021, according to the group’s bourse filing.
Icon paid a special dividend of 6.7 sen per share on Dec 28, 2022 following the completion of the jack-up rig disposal to Saudi Arabia-based ADES Arabia Holding.
#sylvester89 @Mabel what do you think about this counter then? base on your experience. 01/03/2023 10:49 AM
Like DickyMe said this counter you need to be very patience. Today it is sitting in Pole Position as the most active counter in KLSE..
Looking at Technical chart, today the MACD line falls below the signal line as everyone starts locking their profits. This is an excellent opportunity to collect like what DickyMe just did. Resistance is at 10.5 sen.
If you scroll this forum, the previous right issues with free warrants, it was oversubscribed by 19.87% of the maximum intended gross proceeds of RM247.21 million. Someone even managed to secure a Mercedes SLK from this exercise.
Price-To-Earnings ratio (14.3x) is below the Energy Services industry average (15.1x). Earnings grew by 26.3% over the past year. Brent is still above USD 80 and some quarters are speculating it can go above USD 100 with current war in Ukraine..
Dulu pun orang buang sampai 4 sen. Aku kutip, testing, sempat jual dua kali 13 sen. Ni kutip lagi 9 sen. Kalau lingkup, kira derma terima kasih..kikikiki
Very confident the value of the assets has gone up, as such if depreciation of 57mil is taken out and revaluation of assets is taken into consideration then the result is definitely a big positive
Based on the recent sale of asset, sale proceed=386mil, nbv of asset sold=196mil, the market value of the assets as at 31/12/22 should be worth around 1b. If got good offers then sell them. Then the company will be cash rich. The company can pay us 15 sen dividend and still have about 500mil in the bank account
let's make no mistake Velesto I not sure....But if Icon can't really get those project then Icon is ended from here. As i mention at previous chat. But not to worry I know Icon parent company is strong enough they won't let icon just die.
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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....
Icon 888
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Posted by Icon 888 > 2023-02-24 14:15 | Report Abuse
Hidup pm