Australia's largest stock trading and investment forum Australia's #1 stock forum

ICN

Click for more information

0.00%

0.6¢ icon energy limited

Disillusioned, page-2

First 2 Last

Share
Profile

Follow
deanno14

306 Posts.

3

23/08/17

15:11

Post #: 26697309
Share

Originally posted by Pos1 ↑

Pumped some reasonable coin here in 2013 when ICON looked like a great small cap with a bright future and market cap of $86M.
Now in 2017 current assets down to $15M, cash around $9M.
Got to be happy with the $3630 cash receipts this year from customers, although the cash payments to suppliers and employees of $4.3M seems a lot for such a meager return.
I assume (and hope) the $4.3M includes directors fees.

I am down (as most here I suspect) a decent sum of money with ICN.
Small cap explorers are a gamble but generally admin costs drop if the entity is not producing revenue.

If an entity does not have income it has to watch how it spends its reserves and adjust the outgoings to suit. Maybe directors fees need to be the first ICN cost saving item to be addressed?

Seems a lot of Aussie companies at the moment cant do simple maths and rely on small battlers or "sophisticated investors" to shore them up!

All IMO of course!

Cheers to all ICN holders,
Pos1.

Expand

Wish somebody would hide the cheque book from these directors,talk about cash burn!!

ICN Price at posting: 2.7¢ Sentiment: Hold Disclosure: Held
10 Upvote

0 Great analysis

Reply

Top Stories

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

DXB

Dimerix links up with US NEPTUNE network to boost recruitment for FSGS study

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Making money: How many microcaps should be in an investor's portfolio?

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

There are more pages in this discussion • 41 more messages in this thread...

First 2 Last

Add ICN (ASX) to my watchlist