O&G counters are all about contracts won not oil price or others. Icon orderbook increase to over RM 800 million despite oil price drop this year and bad perception meaning there is advantage being a GLC like Icon. Those selling at 37 or 37.5 today please inform honestly how much money you make.
but even you have contract , but if the quarter result always not impressive, people are still selling , all oil n gas counter is at all time low now , perisai, alam etc , jus the question, how low can it go , and how long it will go back to thier prime time , 1 year, 5 years ? all global analysis are saying bad that oil industry will be bad up to 5 years , so how does this oil n gas share price will go ? im kinda regret buying these few days too.. guess these counter are testing all time low more n more
Lower oil price may not hit Icon much with their contracts already secured, ie over RM 800 million. Since Icon is majority owned by government their prospects remain bright. Since it is far cheaper than other O&G counters(eg Perisai, alam, KNM, TAS, Pantech, etc) it is a good buy when others sell cheap.
We still don't know the real reason why the substantial holders are disposing and price collapsing. do you ? My old friend bought Ekran last time down none stop till 0.5 sen and he went on to became a substantial shareholder. Poor guy.....
Ekran went down from RM 30 to 0.5 sen...so don't gamble too much, do your homework sir! I strongly believe you are now deeply trapped in Icon. Getting other unwary investors to get you out ? Hehehe....
Icon is owned by Ekuinas indirectly owned by gov whereas Ekran is owned by Ting Pek Khing. See the difference. Unless BN fall now Icon is still in safe hand.
Haha...now we know why? Been buying down since IPO? I sympathize with you whole heartedly...good luck to you...and fortunate to me...didn't get trapped despite your luring. Hehe!
Rule no. 1 in stock investment, never dive deeply into a stock on your personal believe. Do it based on facts and figures. Have a good sense, or else you will become geography.... Got it?
Ignore 687423. You don't sell your house cheaply right like those who want to sell Icon now. Even a haunted house also got value. If you don't trust what I write you can ask Icon investor relation following e-mail and tel.
Hahaha, you should learn to be patient enough to wait it out so that you can buy it cheaper and only after things clear up. Imagine the saving if you are unmoved at 1.8, 1.0, 0.7...till now! Just ignore him and remember Ekran!
well, stock are all time low now, no need to laugh at people who has already suffer , but what i believe at 36sen now, there is not much downside, worst come to worse 30sen .. so if got money can start collecting bit by bit gua
Just be cautious And no one is laughing....remember Ekran as an example. There is no such thing as downside in some adverse cases. watch out and don't simply induce ppl to buy.hahaha!
Perisai report EPS 0.13sen but 32 sen today. Last QR Icon EPS higher 0.23sen but Icon price lower. Where is the logic? Wait for coming QR to see Icon can report better QR than many O&G stocks.
Sinking to deep ocean..and then sell the asset to third party..change company name..and then the new company setup negotiate to buy all the share at 10 sen. See what happen on Daya lah.. Buy at Rm1.80..plan to sell it at 20 sen
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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....
beso
2,137 posts
Posted by beso > 2015-08-03 16:10 | Report Abuse
all time low