Our govt's Renewable Energy use target is 20%, up from previous govt's 17% .... ambitious target but doable and necessary. And players in this RE sector has their work cut out for them. It seems that our RE penetration rate right now is only 2%! I may be wrong on the figures but definitely lots of potential for those companies involved in this RE sector.

Thanks for the tip. Chin Hin doesn't look too bad, coming off a recent low. Hmmm.....

Quiet here but the action is fast & furious ....Lol

@Shareview123
"Those who bought 100,000 shares before ex date and can sell 100,000 shares after ex date must be God's chosen one, may be you are the chosen one."

Sorry friend, I'm definitely not the chosen one ... I'm just trying to learn.

As for my earlier comments, it was in reference to your earlier 2.28pm comments, the scenario 2, where there's no consolidation just a straight 2RI for 1 original share. Which is this one:

"2 ) if no consolidation of 50 become 1 and just right issue of 2 for 1 at 0.105 ( just leave free warrants issue aside). Most likely all the retailers will not subscribe for the Right issue, and the major shareholders, banks and the underwriters have to pay. Say the listing price after right issue completed is 0.10, the shareholders with 100,000 shares can sell all at 0.10 and get 10,000 campared with his original cost of investment of 3500, his gain is 185 % or
6500 ( 10,000 less 3500 ), in this case all the retailer buyers will be laughing."

Help me understand why they need wait till RI is completed then only sell in such a scenario. Thanks!

Shareview123,
" .....the shareholders with 100,000 shares can sell all at 0.10 and get 10,000 campared with his original cost of investment of 3500, his gain is 185 % or
6500 ( 10,000 less 3500 ), in this case all the retailer buyers will be laughing."

That sounds too simplistic. What is there to stop the shareholders from selling now at 0.23 for a gain of 19,500 (or 557%) ... and have a bigger laugh?

Posted by Carpophorus > Feb 6, 2020 8:39 PM | Report Abuse X
.........

Just for learning purposes, can someone explain the rationale for the share consolidation of 50 into 1, then followed by this 100 RI for consolidated share? What's the effect as compared to just a Rights Issue of 2 RI for every 1 original share? No need for consolidation. What's the difference?

Thanks!


Any chance of getting an explanation here from all the gurus and sifus here? Still wondering why the convoluted exercise ....

RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,354,370,200 NEW ORDINARY SHARES IN ICON OFFSHORE BERHAD ("ICON") ("ICON SHARES") ("RIGHTS SHARES") TOGETHER WITH UP TO 588,592,550 NEW FREE DETACHABLE WARRANTS ("RIGHTS WARRANTS") ON THE BASIS OF 100 RIGHTS SHARES FOR EVERY 1 ICON SHARE HELD AFTER THE SHARE CONSOLIDATION AS AT 5:00 P.M. ON 23 JANUARY 2020 AND 1 RIGHTS WARRANT FOR EVERY 4 RIGHTS SHARES SUBSCRIBED FOR BY OUR ENTITLED SHAREHOLDERS, AT AN ISSUE PRICE OF RM0.105 PER RIGHTS SHARE ("RIGHTS ISSUE WITH WARRANTS")
..................................

Just for learning purposes, can someone explain the rationale for the share consolidation of 50 into 1, then followed by this 100 RI for consolidated share? What's the effect as compared to just a Rights Issue of 2 RI for every 1 original share? No need for consolidation. What's the difference?

Thanks!

I think there's probably more downward pressure still .... the volume is artificially suppressed by the Designated status

A good case study. Trying to learn what the impact of a capital exercise like this...

So, I see of 2.8 mil lots of ICON-OR in queue to sell at 0.05. Since this is a designated counter, does that mean these are already subscribed ones? Anyone?

Actually, I'm quite surprised that ICON is still 'holding up' pretty well at around 23 sen. Expected free fall ... but I guess there are still a lot of folks with money to throw.

I also wonder where all those speculated Buys went. With ICON being a designated stock, most likely all are being cash settled. And the current transactions now (all small ones) are those actually holding the stocks in their CDS. But where are the big shareholders and what are they doing with their shares? They are not buying, they are not selling?

"Oversold shares will cancel ...."

First time I hear of such a thing. If there were no buyers how to be 'oversold'?

T+3 means the shares no longer in your control if you did not pick up. Means it will be forced sell at whatever price then. The loss will go towards your acct. Those shares that went into your CDS meant that you had some money in your brokerage to pick up when it became due. If you had money you should have given instructions to pick up earlier, then sell after that instead of waiting for the forced pick up.

Do correct me if I'm wrong....

Maybe T+3 today?

Dear all, if this selling is because of the counter being taken off the syariah-compliant list, then there will probably be a lot of investors or fund managers unloading because of this non-compliance, right? If so, then why do the buyers not wait until these sellers are desperate to sell off? We all know it's a sure thing that they will have to unload because of non-syariah compliance, so why not wait till the selling price comes further down?
But of course I'm just an amateur novice at these things .... just asking.

VC-WB has long expiry. Strike price is 0.15, the mother is currently at 0.205.
Will the mother continue to go up? Is it worth investing in its warrants?

Now the profits-taking starts .... if cannot run fast enough, will kena caught

Chase until son is worth more than mother ..... real casino