ICON OFFSHORE BERHAD

KLSE (MYR): ICON (5255)

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Last Price

0.095

Today's Change

0.00 (0.00%)

Day's Change

0.09 - 0.095

Trading Volume

822,900

Price Target

A price target is an analyst's projection of a share's future price. 

Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.

Last Price

0.095

Avg Target Price

0.17

Upside/Downside

+0.075 (78.95%)

Price Call

0

SELL

0

HOLD

0

BUY

Date Open Price Target Price Upside/Downside Price Call Firm View Action
Discussions
9 people like this. Showing 50 of 11,460 comments

1234rich

Share consolidation will make retails investor money getting lesser at the end.

3 weeks ago

08127059

Manipulation at it best...since it was listed...this is the worst comp in the market...

3 weeks ago

1234rich

Will be like NetX..Share consolidation, then sink.

3 weeks ago

1234rich

Directors , don't cheat on people money.

3 weeks ago

1234rich

Dah jual Jack Up Rig dengan untung besar, duitnya buat apa wei? Kenapa share price rendah sangat? Sebahagian duit, belilah balik share syarikat..Baru betul

3 weeks ago

1234rich

Dia buat Share Consolidation, akan jadikan kerugian ditanggung pelabur runcit. Pelabur Runcit jadi mangsa....

3 weeks ago

1234rich

Ekuinas, jangan aniaya pelabur runcit..Directors jangan aniaya pelabur runcit..Sepatutnya Icon beri pulangan kepada Investor. Jangan rugikan investor wei!!!

3 weeks ago

sylvester89

This counter are just use to cheat the people money la previously say Q4 was profit then now say loss pulak kepala otak dia la nak tipu try la pergi luar negara tipu george soros tgk dia ada bola tak lol

3 weeks ago

I_like_dividend

9.5 sen who buy all?

3 weeks ago

I_like_dividend

10 sen done even market not good.

3 weeks ago

1234rich

Atas 13.5 sen , baru come out proposal..Bawah dari itu ICON Directors make Retail Investors dissatisfied

3 weeks ago

1234rich

Nak come out proposal jangan rugikan Retail Investors..Ini disposed dulu baru announcement. TOLONG jangan jadi haprak.

3 weeks ago

I_like_dividend

Q3 2023 only share conso complete mungkin 13.5 sen can surpass?

3 weeks ago

I_like_dividend

“Consolidating the shares would lead to a reduction in the number of shares available in the market and an increase of the reference/trading prices of the shares,” it said, adding that this may reduce the volatility of the trading price for the shares.

The share consolidation is subject to the approvals of Bursa securities as well as the group’s shareholders at the aforementioned EGM to be convened.

“Barring any unforeseen circumstances and subject to all required approvals being obtained, the proposals are expected to be completed by the third quarter of 2023,” Icon Offshore added.

3 weeks ago

1234rich

Buatlah Exercise Share Buy Back baru betul. Duit untung jual Jack Up Rig gunalah kat tempat yg betul seperti Exercise Share Buy Back. Jangan buat macam-macam yg rugi.

3 weeks ago

08127059

Crap...shit comp since listing

3 weeks ago

stocktrading88

still got chance to up at least 0.130-0.170 before consol according to kaki lima aNalyst .. hehehe

3 weeks ago

DickyMe

"sylvester89

@DickyMe sad bro I think I see u buy 30k share but end up how much we gonna loss....

19 hours ago"
========================================

No loss in terms of price, bro!
If conso, then they adjust price by multiplying.
Your quantity will shrink. As long as no loss in cost, why worry.

But the move to consolidate to create volatility is dubious and shows leadership have no clue on how to run a business.

3 weeks ago

08127059

No loss...??????if no loss they not going to do it bro...they just wana suck your money...look at what happened to the previous conso....emmmmm

3 weeks ago

DickyMe

Explain to me with example, how they will suck your money.

3 weeks ago

08127059

They multiplying the price but after that they bring down the price...you quatity already shrink...you thing the do it to lose money...pls....they always win ...we might minimize the lost if we buy righ issue or rri etc...they done it b4...look at the price now after the done it in 2020....emmm

3 weeks ago

DickyMe

Yes you sell when the price is high, not ferment it to be salted fish.

3 weeks ago

08127059

How to to sell if you still loosing...even the price was multiplying but quantity shrunk alot...do your own calcul since fist consol...tell me u make profit or not...u think they do it to give u money...in your dream...probly people buy after cons might be benefited but if u r lucky...

3 weeks ago

1234rich

Setuju 100% 01827059..I have bad experienced on NetX

3 weeks ago

1234rich

Cons = Insider Ally

3 weeks ago

08127059

Avoid this kind of counter nwb

3 weeks ago

5354_

Petronas will increase capex next 5 years is good for Icon and other O&G suppliers.

2 weeks ago

zackboy

Crap company since listing. No body makes money from this company.

2 weeks ago

5354_

16.5 sen warrant conversion price why got people convert?

2 weeks ago

5354_

Additional Listing Announcement /Subdivision of Shares
Company Name ICON OFFSHORE BERHAD
Stock Name ICON
Date Announced 14 Mar 2023
Category Additional Listing Announcement /Subdivision of Shares
Reference Number ALA-14032023-00007
1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal Exercise of Warrants
Details of corporate proposal Conversion of Warrants A to Ordinary Shares
No. of shares issued under this corporate proposal 2,000
Issue price per share ($$) Malaysian Ringgit (MYR) 0.1650
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units 2,706,540,787
Issued Share Capital ($$) Malaysian Ringgit (MYR) 1,148,065,481.000
Listing Date 15 Mar 2023

2 weeks ago

08127059

Dont buy this typical malay n gov related company...you will be CON /ICON...they just dont know how to do business...how to manage company...they made profit by con investor..2020 the did consol...now the do it again..thats the only way they make profit by CON investor...this is the only way they know how to make profit...ICON is the worst company ever exist in KLCI...since it was listing nobody make profit from this company...wondering BURSA can allow this kind of company in KLCI....why because Malay company n gov baby...for new b....dont buy this share u will lose all the way...

1 week ago

08127059

AVOID THIS COUNTER AT ALL COSTS...TGE WORST COUNTER EVER EXIST IN KLCI...Equinas is a malay comp n gov related...so no wonder how bad they are...they just dont have a clue how to do business...the only thing they now is to do share consolidation....the easy way to make money n con investor...for new b carefull pls avoid this counter

1 week ago

Penang_lang

Ekuinas Rafizi met yesterday why Icon Ekuinas no mention?

1 week ago

Penang_lang

I con is like PH con voters? GE16 like that PH must lose or coming state election?

1 week ago

whistlebower99

FOR NEWBIES

ICON OFFSHORE BERHAD ("ICON" OR THE "COMPANY")
(I) PROPOSED CAPITAL REDUCTION; AND
(II) PROPOSED SHARE CONSOLIDATION
On behalf of the Board of Directors of the Company, Kenanga Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:-

(i) proposed reduction of the issued share capital of Icon by RM830.00 million pursuant to Section 116 of the Companies Act 2016 to eliminate the accumulated losses of Icon and its group of subsidiaries; and

(ii) proposed consolidation of every 5 existing ordinary shares in Icon (“Icon Shares”) held by the shareholders of Icon, on an entitlement date to be determined and announced later, into 1 Icon Share

This announcement is dated 7 March 2023.
MULTIPLE PROPOSALS | https://www.klsescreener.com/v2/announcements/view/4404095

========
Share consolidation and rights issue in Jan 2020
Share consolidation in March 2023

=============
Long term loyal shareholders suffered huge losses in 2020 will again suffer another loss in 2023.

Be careful trading and holding high NOSH penny stocks

1 week ago

whistlebower99

Previous share consolidation in 2020

Share consolidation of every 50 existing ordinary shares in Icon Offshore Berhad ("Icon") ("Existing Shares") into 1 consolidated share in Icon ("Consolidated Share(s)") as at 5.00 p.m. on Thursday, 23 January 2020 ("Entitlement Date") ("Share Consolidation")

========
After 3 years, another share consolidation. Long term loyal investors suffered huge losses

Be careful trading and holding high NOSH penny stocks

1 week ago

Penang_lang

Those get conned by Icon why don't you complain in Rafizi or Nurul Izzah facebook?

1 week ago

Penang_lang

Operator sure see haters comment so won't help you here. Complain to politicians now in govn is best way.

1 week ago

Penang_lang

Got balls vote PN in 6 states election can you?

1 week ago

whistlebower99

FOR NEWBIES

ICON OFFSHORE BERHAD ("ICON" OR THE "COMPANY")

(I) PROPOSED CAPITAL REDUCTION; AND
(II) PROPOSED SHARE CONSOLIDATION

On behalf of the Company, Kenanga IB wishes to announce that the application in relation to the Proposed Share Consolidation has been submitted to Bursa Securities on 23 March 2023.

This announcement is dated 23 March 2023.

=================
1 step closer to 2nd share consolidation after 3 years

1 week ago

1234rich

Icon ..Ikon or Con

5 days ago

sylvester89

Hahahaahaha......this company ciak ayam one lucky i got no loss early i sell off all....this company real con people need to be delisted in Bursa better.

5 days ago

5354_

If delist Ekuinas own by govn will suffer huge loss. Why you so black heart? Foreigner not Malaysian is it? If got balls answer me back or get lost haha.

4 days ago

Unfair

Armada, Velesto also O&G many promoters; Icon why many haters is it fair?

4 days ago

Unfair

Latest QR profit RM 153.42 mil or EPS 5.68 sen is Icon best ever and dividend paid 6.7 sen is 9 sen fair price?

4 days ago

Kayvera

Unfortunately, price not affected favourably?

3 days ago

5354_

Icon better than your counter Revenue which plunge a lot in 2023. Icon bottom price look like is 8.5 sen?

Kayvera

Unfortunately, price not affected favourably?

1 day ago

5354_

Icon 9.5 sen is 16.2 sen before special dividend. Those who follow Icon long enough will know the counter has stabilised since Anwar appointed as PM.

1 day ago

5354_

Icon Offshore appoints Ekuinas senior executive Aliff Omar as alternate director
https://www.theedgemarkets.com/node/661531

1 day ago

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