. Yes, still at low low price to buy !! What are we waiting for with much incoming positive news? Recall how much it went up when merger talks with VELESTO? Possible another O&G consolidation coming? We don't know! Good Luck!
@snwong13.. agree with you, rumors come with certain good news. but the share still at lower price.. what happen? Oil price also up? contract win a lot? price still lower.. person who know the market chronology, this time will take as benefit to gain more profit. Good Luck!
Icon share price fell fm Jun '14, $1.90, May17, $0.50, Mar'18, $0.20 to last clsg @ $0.13. At last Fri closing, PE was negative 2.48, NTA o.4222 wth 1.177b shares.
The important parts r :
1. O&G industry is @ profitable n stable crude prices of USD70 +, all upstream will hv bigger capex n keep themselves busier fr bigger profit.
2. During the crude oils slump (2015, 16 to early 17), Icon as service provider lost jobs n suffered profit margin squezeed, t4 resulted in share price fell to rock bottom.
3. Icon must rise again, manifested by 2 of the following;
i. The steady n profitable crude gave rise to the jobs availability to Icon... recently just bagged 275m fm Petronas n more to come. 106m bagged fm Exxon Mobil wth existing jobs in hand, there is very certain Icon will return to profit in Q3 given such conducive (higher profit margin) operating environment
ii Owing to the majority shareholders r government link/pension fund, Petronas cannot ignore her responsibility to provide jobs to Icon. based on 2017 top 30 list,Hallmark, EPF, LTH, LWP,ASB, Etiqa takaful....+ Morgan stanley, Pacific growth fund, Deutsche bank, affin Hwang Gwth..... whopping 75% of total no of shares, bal float 24.76%.
iii. Icon av revenue of 60m per quarter will b able to return to black giving the abvmtd scenarios, so the jobs in hand wth forward job award will see Icon alive again fm bottom!
@myongcc5 great information..agree! let`s keep support on this.. remember, this counter start from lowest price already.. Once this price climb, a lot people will talk about ICON. that time, we gain more profit when they start notice to buy it.. good luck!
Thanks Spyron_09! I just share a bit on my opinion since not much talk abt tis ctr. Dominated by institutions, they will hv bankers recomendation once the share price sky rocket, off course with more contracts win n profit but @ high PE
yup.. Human.. now all don`t want to look on this. once this fly such counter BARAKAH, then that time all will come and talk about this counter. that human feeling,want faster profit as well.
Institution is controlling almost 80% of icon shares.They are manipulating price movement before disbursing at least 30% more into the market.but then shares will be flooded heavily in tandem with price increased.
u will see, now a lot quee at high price.. small fish will enter, big shark is waiting, one price up a bit, big shark will earn it.while small fish still thinking how to survive.. hahaha
Can Ariff help retailers why BN conned us with lousy IPO that left <10% after 5 years? When Tun M was PM 22 years so such incidence we can remember of why NajXX can resort to such dirty IPO? If you ask SapNrg, Velesto, Alam, Perisai and many more O&G ctrs shareholders they will give same answer.
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....
ajaaja
459 posts
Posted by ajaaja > 2018-06-29 10:14 | Report Abuse
short term saja ni .. hehehe