ICON OFFSHORE BERHAD

KLSE (MYR): ICON (5255)

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Last Price

1.05

Today's Change

+0.05 (5.00%)

Day's Change

0.965 - 1.05

Trading Volume

438,500


11 people like this.

12,155 comment(s). Last comment by bullrun168 1 month ago

arcadicus

780 posts

Posted by arcadicus > 2017-01-17 15:02 | Report Abuse

big2x fat angpow for me this cny......

arcadicus

780 posts

Posted by arcadicus > 2017-01-17 15:15 | Report Abuse

upupupup...

mafia168

278 posts

Posted by mafia168 > 2017-01-17 15:17 | Report Abuse

I think it is a small shark, have capital problem

MusangK1ng

183 posts

Posted by MusangK1ng > 2017-01-17 16:04 | Report Abuse

LETSSSSSSSSSSSSSSSS GOOOOOOOOOOOOOOOO

danieru

81 posts

Posted by danieru > 2017-01-18 09:56 | Report Abuse

Go go go icon..

volks2

1,116 posts

Posted by volks2 > 2017-01-18 14:20 | Report Abuse

good.......my CNY $$$$ is here.

SHQuah

5,363 posts

Posted by SHQuah > 2017-01-18 15:27 | Report Abuse

wah....why down so fast

SHQuah

5,363 posts

Posted by SHQuah > 2017-01-18 15:31 | Report Abuse

Helenvoon --- your news on - reverse takeover news will be announced on 19th jan. It is true ???
Tomorrow

sheep

3,850 posts

Posted by sheep > 2017-01-18 15:42 | Report Abuse

sell sell sell on news tomorrow

arcadicus

780 posts

Posted by arcadicus > 2017-01-18 15:48 | Report Abuse

Still holding.... wont sell unless @ 60c...

Posted by ForwardInvestor > 2017-01-18 16:29 | Report Abuse

t4 big volume today. usual to close at negative zone.

Posted by ForwardInvestor > 2017-01-19 08:37 | Report Abuse

UMWOG suspended for announcement. hey hey

SHQuah

5,363 posts

Posted by SHQuah > 2017-01-19 08:52 | Report Abuse

ICON suspended

jayalbert

1,574 posts

Posted by jayalbert > 2017-01-19 08:56 | Report Abuse

pending announcement, managed to get ICON late yesterday evening.. he he

Posted by bursahunter > 2017-01-19 08:57 | Report Abuse

hopefully its good news...

SHQuah

5,363 posts

Posted by SHQuah > 2017-01-19 08:57 | Report Abuse

helevoon.....wah u really got insider news.
U Got any more news on other company ?

jayalbert

1,574 posts

Posted by jayalbert > 2017-01-19 08:59 | Report Abuse

@helenvoon, thumbs up to u; gua caya sama lu la!!!!

arcadicus

780 posts

Posted by arcadicus > 2017-01-19 09:07 | Report Abuse

helenvoon..... whats the new takeover price that u heard?

SHQuah

5,363 posts

Posted by SHQuah > 2017-01-19 09:14 | Report Abuse

I hope someone will reverse take over ALAM also.

BN_menang

2,982 posts

Posted by BN_menang > 2017-01-19 09:17 | Report Abuse

Why no Bursa announcement abt suspension? CNY Angpow from BN?

newbird33

176 posts

Posted by newbird33 > 2017-01-19 09:21 | Report Abuse

under Section 188(3)(a) of the Capital Markets and Services Act 2007, INSIDER TRADING is punishable by a maximum 10 years prison sentence and a fine of not less than RM1mil.

BN_menang

2,982 posts

Posted by BN_menang > 2017-01-19 09:29 | Report Abuse

UMW, UMWOG also suspended. So merger among them with Icon?

MusangK1ng

183 posts

Posted by MusangK1ng > 2017-01-19 09:30 | Report Abuse

HELENVOON LOL BRO YOU MUST HAVE LOTS OF ICON. I HAVE 970 LOTS AT 0.385. CHARTS ARE BULLISH.

BN_menang

2,982 posts

Posted by BN_menang > 2017-01-19 09:30 | Report Abuse

Best is offer 1 UMWOG for 1 Icon share.

Posted by Elitetrader > 2017-01-19 09:33 | Report Abuse

Would rumors & hearsay be considered as insider trading? I believe everything here is "read at own risk", no guarantees.

BN_menang

2,982 posts

Posted by BN_menang > 2017-01-19 09:36 | Report Abuse

helenvoon your insider news look accurate. Do you work inside PNB?

JacNgu

234 posts

Posted by JacNgu > 2017-01-19 09:39 | Report Abuse

helenvoon is definitely commiting insider trading. Bursa watchpuppies are watching you

BN_menang

2,982 posts

Posted by BN_menang > 2017-01-19 09:45 | Report Abuse

Why you all so jealous? She only know 1 ctr news.

mfbs

1,229 posts

Posted by mfbs > 2017-01-19 09:47 | Report Abuse

50cents rto???

BN_menang

2,982 posts

Posted by BN_menang > 2017-01-19 09:52 | Report Abuse

Too low. IPO RM 1.85 now 23.5% left.

mfbs

1,229 posts

Posted by mfbs > 2017-01-19 09:54 | Report Abuse

NTA 60 cents +-

BN_menang

2,982 posts

Posted by BN_menang > 2017-01-19 09:59 | Report Abuse

So many commenting here. Wonder you all dealers for Icon stock?

jayalbert

1,574 posts

Posted by jayalbert > 2017-01-19 10:00 | Report Abuse

no, i m just an ikan bilis

mfbs

1,229 posts

Posted by mfbs > 2017-01-19 10:01 | Report Abuse

just an ikan kaloi

calvintaneng

56,542 posts

Posted by calvintaneng > 2017-01-19 10:02 | Report Abuse

The name tells you something?

Icon offshore?

Going offshore you can't see what they do.

So?

So they con you lah!

That is the hidden meaning of I con you offshore?

Be careful now loh!

mfbs

1,229 posts

Posted by mfbs > 2017-01-19 10:03 | Report Abuse

Nothing for ikan kaloi ma

BN_menang

2,982 posts

Posted by BN_menang > 2017-01-19 10:13 | Report Abuse

Just checked UMWOG latest QR. Revenue RM 49.6 million lower than Icon RM 63 million plus Icon in green. So by logic market cap Icon should be higher than UMWOG.

BN_menang

2,982 posts

Posted by BN_menang > 2017-01-19 10:14 | Report Abuse

Hopefully new PNB CEO Datuk Abdul Rahman realise this unlike previous PNB CEO sleeping.

BN_menang

2,982 posts

Posted by BN_menang > 2017-01-19 10:19 | Report Abuse

Maybe unreported news in Bursa is PNB selling down Icon since IPO cause sharp fall leaving 23% left since IPO.

BN_menang

2,982 posts

Posted by BN_menang > 2017-01-19 10:25 | Report Abuse

There is no smoke without fire. So must be some Icon directors reported to our PM that Icon selldown must be related to PNB that cause CEO changes?

bigbigboss

441 posts

Posted by bigbigboss > 2017-01-19 10:27 | Report Abuse

why suspend trading ?

BN_menang

2,982 posts

Posted by BN_menang > 2017-01-19 10:31 | Report Abuse

Sorry my postings is to help long suffering Icon shareholders past 2-3 years.

BN_menang

2,982 posts

Posted by BN_menang > 2017-01-19 10:34 | Report Abuse

If 2016 year of steel counters hopefully 2017 will be year O&G stocks led by Icon?

BN_menang

2,982 posts

Posted by BN_menang > 2017-01-19 10:40 | Report Abuse

Any lower offer we must reject esp Ekuinas Icon no 1 shareholder.

BN_menang

2,982 posts

Posted by BN_menang > 2017-01-19 10:55 | Report Abuse

If complain abt NTA we should reply Icon QR is profitable and perhaps higher order books than UMWOG?

BN_menang

2,982 posts

Posted by BN_menang > 2017-01-19 10:58 | Report Abuse

1 UMWOG for 1 Icon is best takeover offer since not require any cash layout.

OngLai88

1,234 posts

Posted by OngLai88 > 2017-01-19 12:41 | Report Abuse

Icon Offshore seals merger deal with UMW O&G
By Jose Barrock & Adam Aziz / theedgemarkets.com | January 19, 2017 : 12:36 PM MYT
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Translated by Google Translator:
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KUALA LUMPUR (Jan 19): Icon Offshore Bhd, which is controlled by Ekuiti Nasional Bhd (Ekuinas), and UMW Oil & Gas Corp Bhd (UMW OG) is believed to have sealed a merger exercise, according to industry sources.

UMW OG is a 55.7%-owned subsidiary of UMW Holdings Bhd, in which Permodalan Nasional Bhd controls a 47.83% stake. Ekuinas holds controls a 44.69% stake in Icon Offshore through Hallmark Odyssey Sdn Bhd (42.28%) and Sempena Focus Sdn Bhd (2.41%).

The merger of the two government-linked entities will then kickstart the consolidation wave in the domestic oil & gas (O&G) industry, which has been on the downturn for the past two years, said industry sources, adding that more merger and acquisitions will be in the pipeline.

However, the detail of the merger exercise between UMW O&G and Icon Offshore is not known at the time of writing.

Icon Offshore, UMW Holdings and its O&G unit have voluntarily suspended their shares from trading this morning.

The three companies’ filing to Bursa Malaysia this morning said the suspensions are pending material announcements.

The current downturn in the O&G industry has stressed many domestic players financially, given the overcapacity in the offshore supportive services, industry sources said.

The consolidation in the process will help to strengthen the local players and to form sizable O&G outfits to compete in the international arena, according to industry sources.

Icon Offshore share price has jumped 45% since late November, from 31 sen to a peak 18-month high of 45 sen on Monday. In the good heydays when the crude oil prices were above US$90 per barrel, the stock was trading at above RM1.80.

On Dec 27 last year, Icon Offshore was awarded a RM5.6 million contract to provide one straight supply vessel to EQ Petroleum Production Malaysia Ltd for the Seligi/PM 8 (Extension) oil field offshore Peninsular Malaysia.

Over at UMW O&G, its share price has climbed from the all-time low of 75 sen in December last year. It touched the high of 93 sen early this month. It was last traded at 89 sen, before the suspension.

UMW O&G’s share price has been battered down badly in the past three years. From its peak of RM3.91 in 2014, it slumped to an all-time low of 75 sen in December last year.

UMW O&G has recorded losses for four consecutive quarters, with a whopping RM409.13 million in losses for the fourth quarter of the financial year ended Dec 31, 2015. For the nine-month period ended Sept 30, 2016, the oil rig owner posted a net loss of RM267.76 million.

mfbs

1,229 posts

Posted by mfbs > 2017-01-19 13:00 | Report Abuse

Detail??

Posted by Diong KahChen > 2017-01-19 13:28 | Report Abuse

what is the price impact to ICON?

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