Disagree with u. Some guys say change CEOS and COO can save a lot of expenses..... Get contract termination compensation is good news! To save more, who else to remove mr orgie? Hahaha .......
Why not? After all the reason drop a lot is due Dr Jamal MACC case. So when he is gone it should be good for Icon. New MD from PETRONAS will bring more PETRONAS contracts. Don't sell cheap all shareholders o/w you will lose a lot of money. Will jolie2 or 687423 pay for your losses?
aiyah; when a new MD join into a company, normally they will check got any balance to sapu inside the pocket or not. This is to ensure only bones left over to the shareholder. Don;t you all understand ? This is msia corporate world.
New MD AMIR HAMZAH BIN AZIZAN coming in on 1/3/2016. Company still making profits, new projects keep coming in....getting rid of the crooks Jamal & Rahman...all are good news for the future
Why not? Why Icon manage to recruit someone(ex-PETRONAS Dagangan CEO) from PETRONAS but not Armada? In future expect more PETRONAS O&G contracts for Icon.
687423 if you are honest please tell at what price you disposed FGV. Why you suddenly disappear from FGV forum. I thought you were active past few months until Aug-Sep.
ICON had already BOTTOMED..It is consolidating sideways now. After the consolidation is over, ICON will GO UPTREND. This is a good opportunity to buy ICON as there is little downside now for Crude Oil.
The key question everyone is asking is "Have we seen the low of crude oil price?".
If your answer is "Yes...there is a possibility of further downside for crude oil price but not materially significant downside in 2016 and beyond then the decision is quite easy to make....however one may choose or want more time to market time at buying at relative lowest low but the end result will not be of much significant difference in the future if one perceives that there will not be much material and significant price difference between current crude oil price and the perceived lowest price for crude oil price in the near future ...
Be mindful and always be respectful of the fact that the market is ALWAYS AHEAD in its discounting ability mechanism....much far ahead than the average investors..
In the stock market everywhere is this world, there will always be the prophet, the follower and the Fools....the Prophet gets in early before anyone noticed it, the follower gets in after the initial price surge and the fools get in at near peak of the stock price..such is the way of the stock market for GENERATIONS...
WTI hit low of USD 40.06/bbl early morning on 17/11/2015 despite all the bad news and fears of Oil Glut. This is the second lowest price. The lowest price todate was USD 37.75/bbl on 24/8/2015...almost 3 months ago
Will the market confirm USD 40.06/bbl as the higher low in the foreseeable future???
Oil production from the Organization of the Petroleum Exporting Countries fell by 120,000 barrels per day in October from a month earlier, to 31.08 million barrels per day, according to a Platts survey of OPEC and oil industry officials and analysts released Monday. Platts attributed the decline to output cuts in Saudi Arabia and Iraq. "OPEC output has now dropped over three consecutive months
This article first appeared in The Edge Financial Daily, on November 19, 2015.
KUALA LUMPUR: Barclays Corporate Banking plc predicts that demand for oil will triple in 2016, and that oil price, which is now about US$45 (RM197.55) per barrel, will rise to US$50 per barrel by end-2015 and to US$60 per barrel next year.
Incoming MD from PETRONAS will address lack of PETRONAS contracts shortfall. At least there is hope for Icon until 2018 should BN fall next GE worse come to worse.
because of the hope and watever linkage wif xxx made me hold from IPO until disappointed... I rather there is no hope for beginning so that I can stop bleeding earlier.
Icon8 : Stop linking Icon to the government via Ekuinas. Icon should stand on its own otherwise don't be in business. If they are able to show their worthiness in managing the vessels to a standard requirement of the oil operators, then the oil operators will charter the vessels.
Ekuinas is a government-linked private firm which pursues its objective in manner that is market friendly, merit-based and transparent to ensure that the impact is sustainable over the long term.
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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....
IPMan3
76 posts
Posted by IPMan3 > 2015-11-06 10:20 | Report Abuse
still holding Icon bought earlier at 53 sen. dont know when can recover.