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Stock
2020-02-05 21:13 | Report Abuse
If we subscribe at 0.105, who will buy above this .........main shareholders should had had enough shares
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2020-02-04 12:45 | Report Abuse
sylvester89
really in dilemma, since already being conned twice, 1st = during IPO down all the way to cents....
2nd = 50 to 1 consolidation.....
Not sure this will be the 3rd time, after 10Feb, price maintained below 10cents......
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2020-02-04 11:29 | Report Abuse
my mother shares left 916 shares only.....having OR 91600 shares, shall I subscribe ?
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2020-01-31 21:11 | Report Abuse
Goreng high till 10feb to attract us to subscribe their rights ?
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2020-01-30 21:46 | Report Abuse
In another point of view, its brother alam maritime price around 15cents...... After rights listing on 20feb, there's chances its price will be above 10.5cents or same par with alam
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2020-01-30 21:44 | Report Abuse
Icon will announce latest quarter report by end of Feb, if they can make good profit, should its share price reflect now, or maybe in mid of Feb shall rise
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2020-01-30 16:36 | Report Abuse
sylvester89
I have the same thinking too, if subscribe their rights, maybe they will push below 0.105 on 20feb or after so that we couldn't sell any......
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2020-01-29 19:15 | Report Abuse
Not so a good timing to list rights on 20feb, same date with "the body shop" IPO listing.....
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2020-01-28 20:32 | Report Abuse
If subscribe their rights, guess price will be lower than 0.105 on 20feb or after, many will sell if price higher than 0.105......
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2020-01-27 22:12 | Report Abuse
Tomorrow most shares down but icon up
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2020-01-26 23:47 | Report Abuse
rr88's comment can be negative, not sure as if loose way too much from shares till negativity in control of his mindset........just my feeling only, don't attack me ar ......
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2020-01-26 17:07 | Report Abuse
Aikzzz, still in dilemma whether to subscribe their rights based on current condition, too many uncertainties or negative points, positive side is some institution took their rights as per teoct mentioned / as in their prospectous
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2020-01-26 15:48 | Report Abuse
Those who short sell, play contra, or borrow money to buy shares will going to end up in trouble....... Basic rules of investing in shares is using your spare or extra money only.....worse case is when you lost the money in shares market, it won't impact to your basic living......
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2020-01-26 15:44 | Report Abuse
Looks like icon timing to do debt restructuring is not so right.....oil price may collapse and this will affecting icon business
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2020-01-26 12:05 | Report Abuse
If price fall like no one, will not proceed the rights and just forget about this stock
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2020-01-26 12:04 | Report Abuse
Most of u guys will monitor price till the date approaching end date of rights subscription only buy the rights?
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2020-01-25 12:10 | Report Abuse
The issue is that we can't sell the icon-OR , no buyers
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2020-01-24 20:39 | Report Abuse
Volume will be lower on next Tuesday and price will not be volatile after SC announcement for icon as designated share.
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2020-01-24 15:12 | Report Abuse
ryong92 When will receive the warrant and convert to mum share if subscribe the right issue.
20feb
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2020-01-24 11:08 | Report Abuse
This stock is due to wake up since sleep for so long after ipo
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2020-01-24 11:07 | Report Abuse
Hopefully price can maintain at least 30cents after 20Feb
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2020-01-24 10:00 | Report Abuse
0327700639 is the number for icon IR
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2020-01-24 09:59 | Report Abuse
Called icon IR Hafiz, icon business getting better, guess most likely will subscribe the rights on 28Jan, get free warrant too, to be convert to mother shares, divided by 4 for total warrants
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2020-01-23 12:32 | Report Abuse
it should reach RM 2 in order to cover our shares dilution / consolidation
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2020-01-23 12:31 | Report Abuse
of course break 0.70 , since our shares will be divided by 50
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2020-01-23 12:25 | Report Abuse
Remarks 3) :- The entitlement for the Rights Shares and the Rights Warrants shall be effected after the share consolidation by Icon, the entitlement date of which is 5.00 p.m. on Thursday, 23 January 2020. The Abridged Prospectus together with the Notice of Provisional Allotment ("NPA") and the Rights Subscription Form ("RSF"), will only be despatched to the shareholders of Icon whose names appear on the Record of Depositors as at 5.00 p.m. on Thursday, 23 January 2020 ("Entitled Shareholders") at their address in Malaysia or who have provided the share registrar with an address in Malaysia in writing by 5.00 p.m. on Thursday, 23 January 2020. The Abridged Prospectus together with the NPA and RSF will not be sent to the foreign Entitled Shareholders and/or their renouncee(s)/transferee(s) (if applicable) who do not have a registered address in Malaysia. Foreign Entitled Shareholders who are without an address in Malaysia and wish to provide a Malaysian address, should inform their respective stockbrokers to effect the change of address by 5.00 p.m. on Thursday, 23 January 2020.
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2020-01-23 12:24 | Report Abuse
1) 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")
2) Renounceable rights issue of up to 2,354,370,200 new ordinary shares in Icon Offshore Berhad ("Icon") ("Rights Shares") on the basis of 100 Rights Shares for every 1 ordinary share in Icon held after the share consolidation, together with up to 588,592,550 free detachable warrants ("Rights Warrants") on the basis of 1 Rights Warrant for every 4 Rights Shares subscribed for, as at 5.00 p.m. on Thursday, 23 January 2020 at an issue price of RM0.105 per Rights Share ("Rights Issue with Warrants")
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted "Ex - All” as from: 22 Jan 2020
2) The last date of lodgment : 23 Jan 2020
3) Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
a) Selling Broker to deduct<100/101>, of Selling Price against the Selling Client
b) Buying Broker to deduct <10%>, of Purchase Price against the Buying Client
c) Between Broker and Broker, the deduction of <100/101>, of the Transacted Price is applicable.
Remarks 1 ):-Participating Organisations are to take note of the following Share Consolidation exercise by ICON OFFSHORE BERHAD.
The Share Consolidation comprises the following:-
SHARE CONSOLIDATION OF EVERY 50 EXISTING ORDINARY SHARES IN ICON OFFSHORE BERHAD (“ICON”) (“EXISTING SHARES”) INTO 1 CONSOLIDATED SHARE IN ICON (“CONSOLIDATED SHARES(S)”) HELD AT 5.00 P.M ON THURSDAY, 23 JANUARY 2020 (“ENTITLEMENT DATE”) (“ SHARE CONSOLIDATION”).
In relation to the Share Consolidation undertaken by ICON as a SPEEDS Corporate Exercise, Bursa Malaysia Securities Berhad would like to highlight that:
(a) on or after the Ex-date on 22 January 2020, trading of ICON shares will be based on the newly adjusted share after the Share Consolidation of ICON shares,
(b) on the basis of settlement taking place after 23 January 2020 with consolidated ICON shares, any entitled shareholder who owns ICON shares as at Ex-date may sell only up to the maximum ICON shares he expects to receive after the Share Consolidation, i.e. the reduced amount, on or after the Ex-date 22 January 2020.
With the adjustments pursuant to the Share Consolidation effected on ICON shareholders’ CDS account at the end of the Entitlement Date (“Books Closure Date”), an entitled ICON shareholder may use the following basis to estimate the maximum number of ICON shares that he may sell from the Ex-date until the Book Closing Date which is from 22 January 2020 until 23 January 2020.
Number of ICON shares that may be = Number of shares held / 50
sold on 22 January 2020 until 23 January 2020 (All fractional shares computed should be disregarded)
Illustration:
For example, if Mr X owns or purchases 5000 ICON shares on cum basis on 21 January 2020, his CDS account would still show 5000 ICON shares until 23 January 2020. However, as a results of the above Share Consolidation exercise, Mr X’s 5000 ICON shares in his CDS account will be adjusted to 100 ICON shares on the night of 23 January 2020 which is the Book Closing Date. Therefore, Mr X may, if he so wishes, sells only up to 100 ICON shares on or after the Ex-date i.e. from 22 January 2020 onwards.
Participating Organisations are hereby requested to caution all dealers and remisiers that, during the period from 22 January 2020 until 23 January 2020, they are only entitled to sell the maximum of 1/50 of the shares owned before the Ex-date. Participants Organisations are reminded that it is important to caution all dealers and remisiers on the above to prevent the dealers and remisiers from overselling of their client’s position.
Remarks 2) :- The Share Consolidation entails the consolidation of every 50 Existing Shares into 1 Consolidated Share as at 5.00 p.m. on Thursday, 23 January 2020. The Consolidated Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 24 January 2020, being the next market day immediately after the Entitlement Date ("Listing Date"). A notice of allotment will be issued and despatched to the entitled shareholders for the Share Consolidation at the addresses set out in the Record of Depositors within 4 market days after the Listing Date.
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2020-01-23 12:22 | Report Abuse
Renounceable rights issue of up to 2,354,370,200 new ordinary shares in Icon Offshore Berhad ("Icon") ("Rights Shares") on the basis of 100 Rights Shares for every 1 ordinary share in Icon held after the share consolidation, together with up to 588,592,550 free detachable warrants ("Rights Warrants") on the basis of 1 Rights Warrant for every 4 Rights Shares subscribed for, as at 5.00 p.m. on Thursday, 23 January 2020 at an issue price of RM0.105 per Rights Share ("Rights Issue with Warrants")
Kindly be advised of the following :
1) The Right commence of trading : 24 January 2020
2) The Date of Despatch of the Prospectus and Provisional Allotment Letter of Offer : 28 January 2020
3) The last day and time for Acceptance, Renunciation and Payment : 10 February 2020
4) The Rights cessation quotation : 03 February 2020
The Stock Short Name, Number and ISIN Code ICON-OR, 5255OR and MYL5255OR007
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2020-01-23 11:31 | Report Abuse
In other words, icon forced u to subscribe their rights, to cover that rm1300 gap....
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2020-01-23 11:30 | Report Abuse
If u have 50000 shares, after consolidation, u have 1000shares only.....
1000x rm0.7 = rm700
Before = 50000 X rm0.04 = rm2000
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2020-01-23 11:29 | Report Abuse
If bought before how to make money although it can break RM1 because of 50/1 consolidation
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2020-01-23 11:12 | Report Abuse
Anything can happen to this I-CON , nobody know the price after consolidation
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2020-01-23 11:10 | Report Abuse
CharlesT mother above 0.11 u also make money lah
I couldn't as my average price was 0.4x , trapped last time, if I subscribe the rights, average price would be around 0.3x, if mother shares dropped below 0.3, sayonara
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2020-01-23 10:10 | Report Abuse
I still thinking to subscribe or not, after calculation, if its mother share price can maintain over rm0.5, most likely will make gain after rights subscription
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2020-01-23 10:09 | Report Abuse
I call icon IR just now, will receive form after 28feb to subscribe rights, based on no.of shares held divide by 50 then multiply 100.
From there multiply with 0.105, that would be the max.amount u need to pay in order to subscribe
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2020-01-22 12:19 | Report Abuse
we could only allow to sell 1/50 of shares.
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2020-01-22 12:19 | Report Abuse
FYI, just checked with agent, today and tomorrow share price is under consolidation exercise, if over sold, we need to top up cash to pay ICON.
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2020-01-16 16:40 | Report Abuse
Please take note of the share consolidation of ICON(5255) as follows:
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3015209
You are allow to sell 1/50 of you share holdings on 22/1/2020 and 23/1/2020.
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Stock: [ICON]: ICON OFFSHORE BERHAD
2020-02-05 21:14 | Report Abuse
https://oilprice.com/Latest-Energy-News/World-News/Large-Crude-Inventory-Build-Sends-Prices-Tumbling.html