DIRECTORS’ REPORT FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2014 (CONTINUED) HOLDING COMPANY AND ULTIMATE HOLDING FOUNDATION The Directors regard Hallmark Odyssey Sdn. Bhd., a company incorporated and domiciled in Malaysia, as the Company’s immediate holding company, and Yayasan Ekuiti Nasional, a foundation incorporated in Malaysia, as the Company’s ultimate holding foundation.
gotta wait for the Jamal fella to disposed all his 54 millions shares then only icon can go up. Everytime icon shoot up 2sen, he will throw few millions.
bro Oil_n_Gas, I know of the relationship but do you think the oil and gas clients care if you are not performing. you think PETRONAS and other oil operators give a shit if you cannot give what they expect as a marine vessel operator. Go and ask around with the clients and you will get a straight answer. This is the oil and gas business where performance and safety is paramount to the industry.
Dr Jamal has been sacked from Icon effective Nov 15. If he doesn't sell his shares who will bear his daily expenses? He no longer Icon CEO but now belong to Capt. Hassan Ali.
No 1 boss in Icon is Ekuinas not any other people. Just like PM Najib he is country boss so he can sack anyone including Muhyiddin. So what if Dr Jamal no more in Icon others like incoming MD from PETRONAS can replace Dr Jamal as well.
Talk on cyber space is easy without any proof. Why your no of counters keep reducing? So you also make tonnes of money in P Metal, Syscorp, UMW OG? I know all these counters drop a lot this year.
Although I talk a lot here doesn't mean is Icon is my sole counters. I have many other counters but stop buying Icon long ago. The reason I talk here is prevent others selling down Icon unnecessarily.
Recently Maybank upgrade Icon TP to 37 sen from 25 sen. Of course you can't hear such news from rockycleft or 687423. When downgrade he is the first one to tell you.
Base on my experience more upgrade likely after 4th qtr 2015 result out in Feb 2016.
Looking really bad... cash position is only RM29.8 million (lower than some non-performing oil and gas counter, i.e., TGOFFS at the least, still have RM70m cash sitting in the bank or equivalent). Will the company run out of cash soon? And call for rights issue?
We will see a long road tu recovery....expect little surprises due to low crude price. Some kid even jump with joy with contract termination compensation....
Maintain buy with an unchanged target price (TP) of 42 sen: Icon Offshore Bhd is on a roll. The charter win for its utility tug vessel is its seventh win for 2015. The daily charter rate (DCR) and tenure are better than we initially expected. Cost management is progressing well — we estimate that Icon can still take another 20% hit on the DCR, and still survive and be cash-flow “neutral”. Icon offers a unique mergers and acquisitions (M&A) perspective (absent from its peers), a major rerating catalyst. Our TP, based on one times enterprise value (EV)/replacement value methodology, offers a 22% upside.
Marketwatch 18thDec 2016....... Oil briefly rebounds to $100 While oil prices CLF6, -0.37% are under a lot of pressure heading into 2016, they will soon rally and bring $100 a barrel back onto the horizon. This will happen as OPEC — after struggling with the economic pain of weak oil prices — decides to cut production and break the downward price spiral, triggering a quick recovery with investors rushing to re-enter the market.
Read weekly Edge incoming Icon CEO from PETRONAS Amir Hamzah Azizan is son of former PETRONAS CEO Tun Azizan Zainal Abidin so must be a very experience man in O&G industry.
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....
Oil_n_Gas
314 posts
Posted by Oil_n_Gas > 2015-11-27 20:38 | Report Abuse
Analysis of Shareholdings (cont’d)
TOP 30 SHAREHOLDERS BASED ON RECORD OF DEPOSITORS
Name of Shareholders No. of Shares % of Shares
1 HALLMARK ODYSSEY SDN BHD 497,768,820 42.28
2 LEMBAGA TABUNG HAJI 99,292,768 8.43
3 JAMAL BIN YUSOF @ GORDON DUCLOS 54,882,812 4.66
4 LEMBAGA TABUNG ANGKATAN TENTERA 35,548,200 3.02
5 AMANAHRAYA TRUSTEES BERHAD
SKIM AMANAH SAHAM BUMIPUTERA 28,579,900 2.43
6 CITIGROUP NOMINEES (TEMPATAN) SDN BHD
EMPLOYEES PROVIDENT FUND BOARD 28,549,300 2.43
7 SEMPENA FOKUS SDN BHD 28,313,168 2.41
8 AMANAHRAYA TRUSTEES BERHAAD
AS 1MALAYSIA 14,782,600 1.26
9 RAHMAN BIN YUSOF 14,317,604 1.22
10 CITIGROUP NOMINEES (ASING) SDN BHD
EXEMPT AN FOR CITIBANK NEW YORK (NORGES BANK 14) 10,850,000 0.92
11 HSBC NOMINEES (TEMPATAN) SDN BHD
HSBC (M) TRUSTEE BHD FOR RHB-OSK KIDSAVE TRUST (3621) 9,903,300 0.84
12 PERMODALAN NASIONAL BERHAD 9,855,100 0.84
13 AMANAHRAYA TRUSTEES BERHAD
AMANAH SAHAM MALAYSIA 9,855,000 0.84
14 MAYBANK NOMINEES (TEMPATAN) SDN BHD
ETIQA TAKAFUL BERHAD (ANNUITY PIF EQ) 8,150,000 0.69
15 CARTABAN NOMINEES (ASING) SDN BHD
GIC PRIVATE LIMITED FOR GOVERNMENT OF SINGAPORE © 7,245,000 0.62
16 CITIGROUP NOMINEES (TEMPATAN) SDN BHD
EMPLOYEES PROVIDENT FUND BOARD (NOMURA) 5,545,200 0.47
142 ICON OFFSHORE BERHAD
TOP 30 SHAREHOLDERS BASED ON RECORD OF DEPOSITORS (CONTINUED)
Name of Shareholders No. of Shares % of Shares
17 AMANAHRAYA TRUSTEES BERHAD
AMANAH SAHAM WAWASAN 2020 3,927,600 0.33
18 MAYBANK NOMINEES (TEMPATAN) SDN BHD
ETIQA TAKAFUL BERHAD (GROUP PRF EQ) 3,838,900 0.33
19 HSBC NOMINEES (TEMPATAN) SDN BHD
HSBC (M) TRUSTEE BHD FOR RHB-OSK EQUITY TRUST (3175) 3,500,000 0.30
20 RHB CAPITAL NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR HARRY LEE VUI KHIUN 3,437,200 0.29
21 MAYBANK INVESTMENT BANK BERHAD
IVT 15 3,327,100 0.28
22 MAYBANK NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR HASSAN BIN ALI 2,770,300 0.24
23 CARTABAN NOMINEES (ASING) SDN BHD
GIC PRIVATE LIMITED FOR MONETARY AUTHORITY OF SINGAPORE (H) 2,755,000 0.23
24 MAYBANK NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR ISY HOLDINGS SDN BHD 2,650,000 0.23
25 AMANAHRAYA TRUSTEES BERHAD
AMANAH SAHAM DIDIK 2,463,800 0.21
26 HSBC NOMINEES (TEMPATAN) SDN BHD
HSBC (M) TRUSTEE BHD FOR RHB-OSK SMART TREASURE FUND (4694-002) 2,455,300 0.21
27 MADON INVESTMENTS LTD 2,210,000 0.19
28 MAYBANK NOMINEES (TEMPATAN) SDN BHD
ETIQA TAKAFUL BERHAD (ANNUITY PRF EQ) 2,035,000 0.17
29 CIMSEC NOMINEES (ASING) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR NOBLE PLAN SDN BHD 2,000,000 0.17
30 M&A NOMINEE (TEMPATAN) SDN BHD
PLEDGED SECURITIES FOR TAN GEK HONG (PNG) 1,900,000 0.16
Analysis of Shareholdings (cont’d)