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

Pribumi

65 posts

Posted by Pribumi > 2017-05-23 16:56 | Report Abuse

BN cannot protect Tabung Haji better let Pribumi or PH does.

Posted by Orang_Terengganu > 2017-05-23 17:07 | Report Abuse

Why give so little jobs to us? PAS better?

BN_menang

2,982 posts

Posted by BN_menang > 2017-05-23 21:27 | Report Abuse

Petronas now oil is higher. Don't forget Ekuinas and Tabung Haji interest when award O&G jobs.

Cimbnet

317 posts

Posted by Cimbnet > 2017-05-24 09:16 | Report Abuse

Cut loss or hold? Any idea

newbie2014

340 posts

Posted by newbie2014 > 2017-05-24 12:08 | Report Abuse

Price drop ahead of quater report an indication of bad earnings, stay away

BN_menang

2,982 posts

Posted by BN_menang > 2017-05-24 12:15 | Report Abuse

If Petronas not take care Icon BN should not in power.

BN_menang

2,982 posts

Posted by BN_menang > 2017-05-24 12:16 | Report Abuse

Ekuinas not owned by govn? Tabung Haji no link with govn?

Posted by Khamsatun Dulliyah > 2017-05-24 12:20 | Report Abuse

Sakit jantung woo.. Emosi terganggu.grrr

Posted by Calum Fire > 2017-05-24 16:02 | Report Abuse

Time to accumulate and lower down average price i reckon?

BN_menang

2,982 posts

Posted by BN_menang > 2017-05-24 22:12 | Report Abuse

Six companies said to be shortlisted for Petronas’ MCM jobs
http://www.theedgemarkets.com/article/six-companies-said-be-shortlisted-petronas-mcm-jobs

Cimbnet

317 posts

Posted by Cimbnet > 2017-05-24 23:16 | Report Abuse

Anyone have insights from today AGM?

Cimbnet

317 posts

Posted by Cimbnet > 2017-05-25 09:37 | Report Abuse

But why share price still dropping ...

DODO

65 posts

Posted by DODO > 2017-05-25 12:53 | Report Abuse

why dropping like no tomorrow???

snwong13

724 posts

Posted by snwong13 > 2017-05-25 13:23 | Report Abuse

.
all waiting for result.....

DODO

65 posts

Posted by DODO > 2017-05-25 15:37 | Report Abuse

ok noted thanks...........

Cimbnet

317 posts

Posted by Cimbnet > 2017-05-25 15:52 | Report Abuse

Wait for rebound. Since AGM said good prospects

quassar

162 posts

Posted by quassar > 2017-05-25 16:55 | Report Abuse

exodus...

BN_menang

2,982 posts

Posted by BN_menang > 2017-05-26 04:09 | Report Abuse

Allocate RM3b to spur small, mid cap sector, Johari tells GLIC
https://www.nst.com.my/node/242678

BN_menang

2,982 posts

Posted by BN_menang > 2017-05-26 04:10 | Report Abuse

Hopefully Tabung Haji can buy more.

BN_menang

2,982 posts

Posted by BN_menang > 2017-05-26 14:54 | Report Abuse

Winning O&G contract.

quassar

162 posts

Posted by quassar > 2017-05-26 15:15 | Report Abuse

bravo... hope will revive the bottom

zan122208

52 posts

Posted by zan122208 > 2017-05-28 00:05 | Report Abuse

ICON will rebound. The CEO is not the kind that talk without essence. He used to turn around a few companies before and ICON is on the right path.

Posted by Mohd Faizul Mustapha > 2017-05-29 07:38 | Report Abuse

this stock tidur sudah lama... time to wake up!

limch

3,262 posts

Posted by limch > 2017-05-29 10:45 | Report Abuse

Tabung Haji own many O&G counters. Why they buy Icon recently not TH Heavy, Alam, Perisai?

Cimbnet

317 posts

Posted by Cimbnet > 2017-05-29 12:56 | Report Abuse

Oh my .. will it go bankrupt like perisai?

Posted by Jolin Lai Chi Pet > 2017-05-29 13:17 | Report Abuse

guarantee not!!!!!!!!!!!!

Cimbnet

317 posts

Posted by Cimbnet > 2017-05-29 15:40 | Report Abuse

No support at all. Even after positive Agm ... what the ..zzz

tralala

527 posts

Posted by tralala > 2017-05-29 17:21 | Report Abuse

AGM is full of shit la, whatever they say is shit, have u heard an AGM say "hey, shareholders, my company about to go bankrupt" of course they say good future all those shit, if u see their leverage you would know the company is in deep shit, OnG is not going to turn around ever, the supply is going to be constant but the demand is going to drop in the near and far future

tralala

527 posts

Posted by tralala > 2017-05-29 17:23 | Report Abuse

Even if u get Jack Ma or Jeff bezos to run the company, its not going to turn around, the only way to turn it around is to get out of the sector

speakup

27,012 posts

Posted by speakup > 2017-05-29 17:23 | Report Abuse

icon, alam & eatech should merge to become ONE BIG OSV company. strength in size.

speakup

27,012 posts

Posted by speakup > 2017-05-29 17:24 | Report Abuse

the problem with Malaysia O&G sectors is almost all dependent on Petronas contracts. No contract = no biz. So many malay businessman suffer now cos most Petronas contracts given to malays

Posted by pakatan_harapan2 > 2017-05-30 04:16 | Report Abuse

All because BN in power. Why they list so many O&G counters in the past? If no good just don't list.

tralala AGM is full of shit la, whatever they say is shit, have u heard an AGM say "hey, shareholders, my company about to go bankrupt" of course they say good future all those shit, if u see their leverage you would know the company is in deep shit, OnG is not going to turn around ever, the supply is going to be constant but the demand is going to drop in the near and far future
29/05/2017 17:21

Posted by pakatan_harapan2 > 2017-05-30 04:17 | Report Abuse

Pity Tabung Haji. Most of their O&G counters suffer.

JamesPond

429 posts

Posted by JamesPond > 2017-05-30 17:53 | Report Abuse

I thought that O&G is specialized biz requiring people with specialized knowledge in this field of trade. I just noticed that that most of the Board of Directors are bloody accountants. Accountants are normally great at numbers crunching..they are not renown to have great biz acumen. When the going get tough, great/tough bizman get going. Unfortunately with a board full of accountants I suppose in board meetings they can discuss Icon numbers instead of how to grow Icon biz!!! Useless Directors..apparently accountants...can't even get the QR accounts out early. Last day and after 5pm still can't get those figures out shows that they are useless accountants. LOL

Calvin Tan was right spot on when he call to dump Icon shares few months back

offshore

327 posts

Posted by offshore > 2017-05-30 18:11 | Report Abuse

JamesPond, I heard that Icon's CFO has been changed recently. Perhaps that could be the reason.

JamesPond

429 posts

Posted by JamesPond > 2017-05-31 11:36 | Report Abuse

Change or no change, doesn't matter. As an organisation managed mainly by accountants (not businessman), goodness, if can't run business, at least do what they are (apparently) good at i.e. being accountant. That also don't know how to come out with the QR on time. There are companies with operations all over the world with diversified businesses that can report on time (Moreover Directors are not accountants), yet, Icon, small company with mostly one customer and probably 20 sales invoice a quarter, can't produce their QR within 2 months from the QR date. If properly managed, they should be able to report within 2 weeks after the QR date. I understand some European and American listed conglomerates produces their annual accounts within 2 weeks of year end. Malaysia boleh..Icon boleh

Cimbnet

317 posts

Posted by Cimbnet > 2017-05-31 12:17 | Report Abuse

Decided to cut loss. May rebound in july if got contract, i don't know. But looking at the debt and cash flow, it's horrible. Perisai and alam are example we can't deny.

JoshuaMS7

4,309 posts

Posted by JoshuaMS7 > 2017-05-31 18:45 | Report Abuse

same faith with alam, should below 0.200

iHunter

711 posts

Posted by iHunter > 2017-06-01 07:33 | Report Abuse

Icon loss about 6 Million as compared to last quarter RM146 Millions. Finally, they managed to reduce their OPEX.

If they maintain their current performance and with all their secured contract that they have now, they should be able to make profit more than RM150 Million in the next quarter.

The price is at the bottom range and I believe it 's good time to enter now.
Good Job Icon !

mfbs

1,229 posts

Posted by mfbs > 2017-06-01 09:19 | Report Abuse

new low

volks2

1,116 posts

Posted by volks2 > 2017-06-01 10:51 | Report Abuse

we should buy when the ppl is afraid

Icon8

737 posts

Posted by Icon8 > 2017-06-01 11:14 | Report Abuse

Agree. Add more 23.5 sen.

volks2 we should buy when the ppl is afraid
01/06/2017 10:51

Posted by davidvestor > 2017-06-01 15:52 | Report Abuse

ri coming, short term debt too much to handle...

JamesPond

429 posts

Posted by JamesPond > 2017-06-01 16:06 | Report Abuse

Agree with JoshuaMS7..should be below 20sen. Excluding deferred tax gimmick and impairment/fair value gain(also accounting gimmick), Icon at its best per annum makes < 2 sen per share (EPS < 2sen). Petronas also cutting production, how to earn more than 2 sen per share.

iHunter...BOLEH KAH NEXT QTR make RM150M profit?? That is around 13 sen per share. If can then share price would continuously limit up few weeks to reach RM2.60. That would set some sort of Guiness record!!!!

JamesPond

429 posts

Posted by JamesPond > 2017-06-01 16:31 | Report Abuse

The directors of ICON few of which are accountants..they are an embarrassment to the accountancy profession. How on earth can they produce accounts that doesn't even comply with Companies Act

confuse

570 posts

Posted by confuse > 2017-06-01 16:33 | Report Abuse

Oil up Icon not O&G ctr?

Cimbnet

317 posts

Posted by Cimbnet > 2017-06-01 16:51 | Report Abuse

Pls look at the financial statement and do some math. Buying when everyone is fearful doesn't apply to a company which is at risk of going insolvent.

Run and salvage what u have.

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