If they really want the retailers to subscribe to the right issue then they will press both Icon and OR to limit down next Tuesday, Icon 0.51 and OR 0.09, after ding dong, ding dong until OR cease trading.

If they want the retailers to subscribe to the right issue, then they will maintain the Icon shares price, it can be 0.40- 0.80 or even higher until the closing date of the subscription of rights issue and at the time press down the OR price below 0.10.

If they don't want the retailers to subscribe to the right issue, then they will press down the Icon shares price below 0.30 before the closing date of the right issue and at the same time maintain the OR price with a difference of less than 10 sen of the Icon shares price at the market.

What invincible explained is correct and is referring to your average cost of holding 126,000 shares ( assuming you convert the free warrants without conversion price ).
50000 shares ÷ 50 = 1000 Shares
Right issue 100 x 1000 Shares = 100,000
Warrants = 100,000 ÷ 4 = 25000
Total = 1000 + 100,000 + 25000
= 126,000 shares ( 126000 ÷ 1000)
= 126

0.035 x 50000 = 1.75
0.105 x 100, = 10.5

Happy Chinese New year !!!
Icon is designated, it means paid first before you
can buy. Indirectly, it means no more contra and no more naked short selling. So, the movement of the Icon shares price before the listing of the right issue shares is totally under their control. It can be pushed up higher or it can be pressed down.
The movement of OR is hard to predict also., but most likely is down because retailers can sell the OR forms in hand since yesterday.

Charles T, you are right. Icon shares can push up and down until the day before the listing of ICON right issue shares.
There are more than 400 millions units of OR queuing to sell, why big kaki don't buy.

Those who promote to buy OR at 0.39, please go to buy and don't remember to show your contract note for purchase. Don't mislead others to get trapped and get burn

Mabel and all I 3 investors, Happy Chinese New year, GONG X I FA CHAI

A big trading range and high volatility will attract
a lot of retailers to join the game.

Charles and rr88 have deep knowledge in share markets.

Why the big kaki don't want to buy OR at 0.39.????

For those who have never gone through 1994, 1997, 1998, 2001, 2008 please be careful.

For those who have gone through 1994, 1997, 1998, 2001, 2008, please be careful.

Let wait and see what will be the price for OR on 2 Feb 2020 and what will be the price for ICON shares on 20 Feb 2020.

A planned Setting of a higher reference for OR and a higher transacted price for ICON shares within this few days will brain wash the retailers so that within these few days when Icon shares price and OR price drop lower, a lot of retailers think that there is a good opportunity to make some money.

Why the reference price for OR is 0.69, while the reference price for ICON shares is only 0.67, which is lower than the OR reference ????

Ex date is 22 Jan 2020, it means those who bought on 22 Jan 2020 is not entitled. Only those who bought on 21 Jan 2020 is entitled to the right issue.

If they maintain the price above 0.50 or 0.60 for the next few days, most likely the plan is to distribute OR forms.

Since listed, ICON has been a tightly controlled company. A lot of Tabung Haji's investment in listed shares had been transferred to a Spv.
We don't know what is the plan, who knows it can be like MYEG before. Anyhow, retailers have to be careful and we should be able to know in the next few trading days.

Those who short sell at 0.67 - 0.71, now are forced to buy back at 0.71 - 0.715.

Mew827, if they have a Right issue of 2 to 1, most of the retailers won't sell their shares holdings, so the plan won't work.
The multiple proposals have been announced sine 1st Oct 2019, so they need few months to accumulate the shares.
The consolidation of the shares from
50 become 1 will make a lot of retailers holding odd lot, so this frightened them and made them sold their shareholdings.

In a longer time, say 6 to 12months, if ICON Can not get better contracts and perform better, it price will eventually o down.

It is all depend on the actions of the retailers. This right issue restructuring plan will not increase Icon's profits overnight or in a short period.
If all the retailers owned only 10 % of the 23 millions shares, and they sapu all at average of 0.30, total they paid = 0.3 x 2.3m = RM 690k only
Plus all the OR forms at average 0.15.
Total they paid = 230 m x 0.15 = 34 million only.
When right issue shares listed, they slowly distribute 1 billion shares back to the retailers at 0.40 to 0.20, they can take back more than 200 millions.
On the other way, they can maintain the 33 millions shares price until 3 Feb and distribute the OR FORMS to the retailers.
Anyway the retailers have to be careful.

We won't know theil plans. They can maintain icon 23 millions shares price above 0.40, and sapu all the 10 % ( 230 m) OR forms from the retailers say on average of 20 sen ( only 46 m )
. After all the right issue listed, they can distribute back a lot of the shares from above 0.40 all the way down back to 0.10 if ICON can not perform like THHEAVY since 2014.

They can have few plans depending on the actions of the retailers. If 25 % of 23 millions shares are in the hands of the retailers = 5.75 millions shares after consolidation. Or forms allotted to the retailers = 5.75 millions x 100 = 575 millions.
Assuming only 10 % of 23 millions = 2.3 m.
The OR forms allotted to the retailers = 2.3 m x 100 = 230 millions.

Only those retailers who have bought icon yesterday or today and have taken profit are winners.

Yesterday closed 0.415 not limit at 0.42, today's highest until 9.51 is 0.715, why ?
Because 2 limit consecutively, the counter becomes designated. All the plans will be disrupted.

If they have accumulated almost all the icon shares before ex date, it means OR forms are almost all in their hands, please remember all the shares with TH had been transferred and under controlled.

Anyhow, Icon has only around 23 millions issued shares at at today and the main shareholders may have cornered the shares, it is up to them to determine the closing price of ICON. Short sellers have to be very careful.

The OR price is very much dependant on the price of ICON shares.
If Icon close at 0.24 today, then OR may open at 0.13 - 0.15. If ICON shares price close at 0.43 today then OR opening will be higher may be 0.3 - 0.33.
But chances of ICON shares price close higher is very slim based on some other similar cases like Velesto and Sapnrg.

Sylvester, the Shares Registrar will send the right issue form to you. If didn't receive, you may have to ask for the help from your remisier, or you can search WWW.BURSA MALAYSIA. COM and download from the website.
The are some terms and conditions written on the right issue form, like you need to buy bank draft, stem hasil RM 10, fill up the form, write your name address. Cds number etc on the reverse side of the bank draft.

Should be the only thing is....

Sylvester, if you have 1000 Shares, after consolidation 50 become 1, you will only have 20 shares. If you subscribe the right issue of 2000 shares at 0.105, ultimately you will have 20 shares + 2000 shares + 500 free warrants.
The only 8 is the 2000 shares and 500 free warrants will only be credited to your Cds account sometime after 10 Feb 2020.

If the main shareholders want to maximise their profits, they may slowly press down the price to around 0.20 - 0.24 before the closing date for the subscription of rights issue so that retailers will take up the rights., then before the right issue shares credited to the retailers Cds, the price may drop further.

OPR cut is to expand or speed up the economy.
Those Banks with Hire purchase lend out will be benefited.

Sylvester, if you have 1000 Shares before ex date for consolidation, after consolidation you have only 20 shares left ( 1000 ÷ 50 = 20).
You are entitled to subscribe to the right issue at the ratio of 100 for 1, means you are entitled to subscribe 2000 shares at 0.105, and you have to pay RM 210 ( 0.105 x 2000 shares ). You are alfo entitled to free warrant 500 units ( 2000 ÷ 4).

Sorry, today closing price 0.415, so plus 10 bids premium become 0.415 + ( 0.005 x 10 bids)
= 0.465 for buying price.

Share price is today's closing price which is 0.42,
and for those who have over sold or short sell and didn't cover back, they have to pay a premium of 10 bids to buy back the shares for the delivery.

Dragon you are welcome

X
Shareview123 Out of the 23 millions shares, let say all retail buyers are holding 5 millions only, and the main shareholders buy all the shares at average of 0.30, it means that they paid only 5 millions x 0.30 = 1.50 million.
If the main shareholders can sell their Forms OR at average of 0.10, they can easily make 100 millions ( 0.1 x 1 billion).
22/01/2020 7:04 PM

Out of the 23 millions shares, let say all retail buyers are holding 5 millions only, and the main shareholders buy all the shares at average of 0.30, it means that they paid only 5 millions x 0.30 = 1.50 million.
If the main shareholders can sell their Forms OR at average of 0.10, they can easily make 100 millions ( 0.1 x 1 billion).

X
Shareview123 The main shareholders have maximum of 23 millions shares as at today because the right issue shares have not been credited to the subscribers. The main shareholders may have bought up to 0.24. Along the way up, they can buy and sell back to subsequent retailer buyers, with some net buy or net sell.
Those retailers who have bought today are not entitled to the right issue forms.
They can distribute the shares back to the retail buyers and their main purpose is to distribute 6 Forms OR to the retailers.

The main shareholders have maximum of 23 millions shares as at today because the right issue shares have not been credited to the subscribers. The main shareholders may have bought up to 0.24. Along the way up, they can buy and sell back to subsequent retailer buyers, with some net buy or net sell.
Those retailers who have bought today are not entitled to the right issue forms.
They can distribute the shares back to the retail buyers and their main purpose is to distribute 6 Forms OR to the retailers.

The only main reason why Sapnrg is still range trading is the main shareholders and their gang have not accumulated enough. If Crude oil prices can be maintained above USD 60, the retailers can just wait for another one or two years. If the price doubled in within a year, it means you make 100 % within a year.
If the 3 doubled within 2 years, it means you can make 50 % within a year., which is 15 times more than the fixed deposits rate.

Shareview123 For the next few trading days , the shares price very likely will be going down. For those new traders, they have to be very careful.
22/01/2020 6:14 PM
X
Shareview123 As this counter was concerned before ex date, it means only a small percentage of shares were held by retailers before ex date. So most of the Forms OR will be allocated to the main shareholders.
22/01/2020 6:21 PM

Shareview123 The buying in share price is based on today's closing price which is 0.42 plus 10 bids, it becomes 0.47.
22/01/2020 6:06 PM
X
Shareview123 The shares price can be up or down depend on who are the buyers. If retailers are net buyers, then the shares price most likely will be down.
22/01/2020 6:08 PM

Icon shares issued has been reduced from 1 billion to around 20 millions shares ( 1 billion ÷ 50) after shares consolidation of 50 become 1.
Today volume is 66.7 millions shares traded which is more than 3 times of the shares issued after consolidation. It is cornered.
The right issue ratio is 100 for every 1 share held after consolidation at an issue price of 0.105 together with free warrants at the ratio of 1 for 4 shares subscribed.
If you have 50,000 shares, after consolidation of 50 become 1, you will have only 1000 Shares.
You are entitled to subscribe 100, 000 shares .at 0.105.
If the shares price is maintained, that means the right issue form may be traded around 0.30.
So you can just sell the Right issue form
( FORM OR).
IF seems like you can make a lot of money from the selling of the Form OR.
BUT, as this counter has been cornered, they will distribute all the Forms OR to the retailers. So retailers have to be very, very careful, don't be trapped.

As this counter was concerned before ex date, it means only a small percentage of shares were held by retailers before ex date. So most of the Forms OR will be allocated to the main shareholders.

For the next few trading days , the shares price very likely will be going down. For those new traders, they have to be very careful.

The shares price can be up or down depend on who are the buyers. If retailers are net buyers, then the shares price most likely will be down.

The buying in share price is based on today's closing price which is 0.42 plus 10 bids, it becomes 0.47.