Kopi break over, still no action. manja manja

Thanks for sharing

Not many interested in Alam?

Better days for O&G will be back soon. Get on board early.

3-month high. Uptrend mood

Why promote opensys here when ifca is moving up

Target 60sen first

50sen coming

06 FEBRUARY 2017 07:24AM

Not so fast

Your 49 should be hit soon.

TheContrarian, pls share some of these stocks. Tq

Why shout run.... it is flying

50sen a whisker away

bowman, if you are one of the directors, what would you do now?
I will buy from market now and wait to sell at 1.00. Make one round first and then exercise the ESOS if the price goes to 1.20 or higher

Directors ESOS details as follows:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5326141

JamesPond, the directors could be buying from markets at this price instead of exercising at RM1.00....if only we know their plan.

Frying up for Directors to exercise ESOS options (15,865,000 shares). Exer price RM1.00....make your own assessment.

Should be no change for now, subject to market forces. But price will be adjusted for rights issue on ex-date.

Not capital reduction. It is Par Value reduction and rights issue with free warrants

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5324925

1000 Icon >>> 625 UMWOG........buy enough of ICON to avoid odd lots of UMWOG

helenvoon, will follow your crystal ball. Tq.

Posted by bleuerouge > Jan 19, 2017 09:47 PM | Report Abuse

OngLai88, we need to top up 30c to buy UMW-OG 80c plus free wa?

--------------------------------------------------------------------
UMW-OG Rights with free warrant price not yet set. Has to wait for ICON MGO to complete then only got rights issue for UMW-OG.

UMW-OG value is 0.80, ICON value is 0.50. 400 lots ICON = 400 X 0.625 = 250 UMW-OG. Correct me if I am wrong.

ICON shares will be converted to UMW-OG shares in the MGO. Later need to take out more cash to buy the UMW-OG rights with free warrant.

UMW OIL & GAS CORPORATION BERHAD (“UMW-OG” OR “COMPANY”)

(I) PROPOSED ACQUISITION OF 497,768,820 ORDINARY SHARES OF RM0.50 EACH IN
ICON OFFSHORE BERHAD (“ICON”) (“ICON SHARES”), REPRESENTING
APPROXIMATELY 42.3% EQUITY INTEREST IN ICON, FOR A PURCHASE
CONSIDERATION OF RM248,884,410 OR RM0.50 PER ICON SHARE (“ICON PURCHASE
CONSIDERATION”) TO BE SATISFIED VIA THE ISSUANCE OF 311,105,513 NEW
ORDINARY SHARES OF RM0.50 EACH IN UMW-OG ("UMW-OG SHARES") AT AN ISSUE
PRICE OF RM0.80 PER UMW-OG SHARE ("PROPOSED ICON ACQUISITION");

(II) PROPOSED ACQUISITION OF 37,087,725 ORDINARY SHARES OF RM1.00 EACH IN
ORKIM SDN BHD (“ORKIM”) (“ORKIM SHARE”), REPRESENTING APPROXIMATELY
95.5% EQUITY INTEREST IN ORKIM, FOR A CASH CONSIDERATION OF RM472,725,000
(“ORKIM PURCHASE CONSIDERATION”) (“PROPOSED ORKIM ACQUISITION”);
(PROPOSED ICON ACQUISITION AND PROPOSED ORKIM ACQUISITION TO BE COLLECTIVELY REFERRED TO AS “PROPOSED ACQUISITIONS”)

(III) PROPOSED MANDATORY GENERAL OFFER (“MGO”) FOR ALL THE REMAINING ICON
SHARES NOT ALREADY OWNED BY UMW-OG AND PERSONS ACTING IN CONCERT
WITH IT (“PAC”) AFTER THE PROPOSED ICON ACQUISITION INCLUDING ALL NEW
ICON SHARES THAT MAY BE ISSUED PRIOR TO THE CLOSING OF THE PROPOSED
MGO (AS DEFINED BELOW) ARISING FROM THE EXERCISE OF OUTSTANDING
OPTIONS GRANTED PURSUANT TO ICON’S EMPLOYEES’ SHARE SCHEME
(“REMAINING ICON SHARES”) (“PROPOSED MGO”);

(IV) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW UMW-OG SHARES (“RIGHTS
SHARES”) TOGETHER WITH FREE DETACHABLE WARRANTS (“WARRANTS”) TO
RAISE GROSS PROCEEDS OF APPROXIMATELY RM1.8 BILLION (“PROPOSED RIGHTS
ISSUE WITH WARRANTS”);

(V) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL OF UMW-OG FROM
RM2,500,000,000 COMPRISING 5,000,000,000 UMW-OG SHARES TO RM5,000,000,000
COMPRISING 10,000,000,000 UMW-OG SHARES (“PROPOSED IASC”); AND

(VI) PROPOSED AMENDMENTS TO THE MEMORANDUM (“MEMORANDUM”) OF UMW-OG

How would PNB benefits from the merger? Any experts can explain. Thank you.

helen, delete all your comments.

Don't get helenvoon into trouble. She could be a newbie, ignorant of the rules & regulations. It is serious offence. Better erase all your tracks and trails.

Icon Offshore seals merger deal with UMW O&G
By Jose Barrock & Adam Aziz / theedgemarkets.com | January 19, 2017 : 12:36 PM MYT
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Translated by Google Translator:
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KUALA LUMPUR (Jan 19): Icon Offshore Bhd, which is controlled by Ekuiti Nasional Bhd (Ekuinas), and UMW Oil & Gas Corp Bhd (UMW OG) is believed to have sealed a merger exercise, according to industry sources.

UMW OG is a 55.7%-owned subsidiary of UMW Holdings Bhd, in which Permodalan Nasional Bhd controls a 47.83% stake. Ekuinas holds controls a 44.69% stake in Icon Offshore through Hallmark Odyssey Sdn Bhd (42.28%) and Sempena Focus Sdn Bhd (2.41%).

The merger of the two government-linked entities will then kickstart the consolidation wave in the domestic oil & gas (O&G) industry, which has been on the downturn for the past two years, said industry sources, adding that more merger and acquisitions will be in the pipeline.

However, the detail of the merger exercise between UMW O&G and Icon Offshore is not known at the time of writing.

Icon Offshore, UMW Holdings and its O&G unit have voluntarily suspended their shares from trading this morning.

The three companies’ filing to Bursa Malaysia this morning said the suspensions are pending material announcements.

The current downturn in the O&G industry has stressed many domestic players financially, given the overcapacity in the offshore supportive services, industry sources said.

The consolidation in the process will help to strengthen the local players and to form sizable O&G outfits to compete in the international arena, according to industry sources.

Icon Offshore share price has jumped 45% since late November, from 31 sen to a peak 18-month high of 45 sen on Monday. In the good heydays when the crude oil prices were above US$90 per barrel, the stock was trading at above RM1.80.

On Dec 27 last year, Icon Offshore was awarded a RM5.6 million contract to provide one straight supply vessel to EQ Petroleum Production Malaysia Ltd for the Seligi/PM 8 (Extension) oil field offshore Peninsular Malaysia.

Over at UMW O&G, its share price has climbed from the all-time low of 75 sen in December last year. It touched the high of 93 sen early this month. It was last traded at 89 sen, before the suspension.

UMW O&G’s share price has been battered down badly in the past three years. From its peak of RM3.91 in 2014, it slumped to an all-time low of 75 sen in December last year.

UMW O&G has recorded losses for four consecutive quarters, with a whopping RM409.13 million in losses for the fourth quarter of the financial year ended Dec 31, 2015. For the nine-month period ended Sept 30, 2016, the oil rig owner posted a net loss of RM267.76 million.

One of the best stocks in 2014/2015. Will it repeat itself in 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5311081

No more maybe got announcement. Confirmed...no announcement....at the moment no news is good news.

Buy and sell at your own risk.

Maybe largest China property developer Wanda want to buy stake in ifca. Maybe got bonus announcement, maybe plan to move main board. Maybe only. Buy on rumour sell on news

Good news maybe. Maybe Alibaba or Wanda buy some stake. Maybe give bonus plus free warrant, maybe move to main board, maybe got big China business projects, maybe, maybe, maybe... Just buy and wait.

Maybe main board, maybe bonus & warrant, maybe takeover, maybe....let's wait for the news......buying frenzy.... who are they

Today closing high bullish candlestick continue tomorrow another white candlestick

Good news after 5pm announcement. Wait patiently

Moving to main board news coming ? Or bonus 1:4 and free warrant coming ? Or Alibaba takeover ? Maybe maybe maybe.....

Take over, bonus and free warrant, moving to main board. Any of these ? Volume indicates some good news in the pipeline.

Don't dream too much. Major shareholders not so generous

volume still strong....last minute push

Cindy kate on end year holiday leave....no push up

Superb result but mediocre price.... have to wait for cindy kate to push up

Many retailers waiting for 0.25 to reap huge profit......don't think they will pump up to 0.25 this round.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5298189

Merry X'mas to all Bornoil shareholders. Look forward to New Year bonus next week.

Christmas gift from bornoil. Hope to get New Year gift too. gogogo

QR coming soon. Have a merry Christmas and then hope for a fantastic quarter.

Which stock got no losers ???

QR by end of this month. Hope bonus money for shareholders

Strike more gold...huat ar