Noting shareholders complain about possible speculative trades on the counter amid high intraday short-selling volume in recent months, Christenson said: “We will write to the Securities Commission and Bursa Malaysia to highlight that shareholders had made this complaint for them to investigate.”
@RJ87 I wonder how Mabel made money at ICON. I think majority is crying.
Considering the fact that, Urusharta took over at 0.08 and sold at 80sen. 19/02/2020 7:18 PM
RJ87 Dear,
You can read all my comments and my sharing of my Business Case in the ICON Royal Fortune Forum. I have also shared some of these learning with my team in Vangelis Scomies and Silent Mary Barakah since we are anticipating something similar by the 1H2020.
One thing is clear, I never see a stock limit up then limit down in single day from my trading life. Another thing is I have never experienced is a change of the listing date brought forward by 2 days on Monday after designated Share Uplift on Friday evening on a very short notice. It was only announced around 1500 hrs. Once this was known many starts selling. Many got caught with their pants down .
This ICON Right Issues Exercise is the most Controversial Exercises I have come across. With the changes of the listing date at short notice, many got really burned. The biggest losers are those that bought in on Monday expecting another limit up the following day. That mean when T+ 2 come they got no money to pick up at their wanted price. The price on the following day were scaled down since the major players has unload their share during the Monday Limit Up. Another thing that is clear is that this OPERATOR who managed the share exercise for ICON is really nasty. This is the 1st time I see something like this where they can just change the listing date just by a flick of a finger.
I can see some similarities with my first night entering our bedroom after a gracious wedding ceremony in the evening after all our guest have left.
As the saying goes, "there are bedrooms you like to remember and others you would like to forget. Serba Dinamik is something I will remember for a lifetime as it was effectively done. Even Revenue exercise was great.
Unfortunately, ICON exercise is full of controversy; something I would like to forget and move on. It will definitely be a good lesson for my next Share Consolidation Exercise end of this month for Scomies and Barakah in May 2020. Other than this, I'm really looking forward for a smooth sailing of my ICON Royal Fortune.
Since I subscribed to the whole right issues, I'm loaded with it in my Share Portfolio. I sold half of OR Holding at 13 sen when it was listed and ICON Royal Fortunes has now moved from P11 to P8 on my Armada Fleets of 13 battleships. My margin looks beautiful now. This ICON exercise is certainly good for me. I have not even touched the warrant yet which was given free as part of this right issue.
For your information, just like our Armada, ICON shares been hammered by the downfall of O&G industry from 2014 until 2018. All O&G players were hit. Most small players are already gone. This company has more than 20 vessels serving Petronas. The current vessel is not enough and they need to outsource from outside due to shortage in supply. I expect 2019 result will be much better than 2018 because there will be no impairment as they have already made the impairment more than 70 million in 2018.
ICON is backed by strong Major Investors and Equinas itself keep supporting ICON for this scheme. All banks also support the scheme because they see the future of this company. Kenanga Research are expecting to see a continuation of the elevated activity levels going into 2020.A read-through of Petronas’ latest Activity Outlook 2020-2022 was mostly positive, as most upstream value chains are expected to see approximately maintained levels from 2019, while several of them anticipated to see a surge. Of which, they have identified the biggest winners to include:
(ii) marine vessel players (e.g. ALAM, ICON, PERDANA, COASTAL), with a huge surge in the number of anchor handling tug supply (AHTS) vessels.
OTB also shared that he attended an Investment and was told there is not enough vessels to rent in the market. The rental price had increased nearly 20% in last 6 months.
In short, there's enough money on the table. if we bench marked ICON with her competitors in the trade, they are trading at the following price.
Perdana Price: RM 0.47 Coastal Price: RM 1.33 Alam Price: RM 0.15
I'm prepared to go all the way to 3 years if ICON can get up to speed. Anything less to reach our destination is another Bonus for all of us NEW SHAREHOLDERS.
to compare competitor stock price, just comparing its price is not correct
i had look into icon and barakah 2 yrs back, barakah is the worst followed by icon but icon now manage to do corporate exercise (a bit late compare to alam)
while perisai has died followed by sumatec
if want to compare icon, better comparison is with scomies and thheavy
@SuperPanda to compare competitor stock price, just comparing its price is not correct
i had look into icon and barakah 2 yrs back, barakah is the worst followed by icon but icon now manage to do corporate exercise (a bit late compare to alam)
while perisai has died followed by sumatec
if want to compare icon, better comparison is with scomies and thheavy 19/02/2020 10:33 PM
The comparison on price for ALAM, ICON, PERDANA, COASTAL are taken based on the outlook from Kenanga as i stated earlier.
I have group TH Heavy and Scomies together with Barakah since all these 3 are PN17 Company. I believe all 3 of them have their fare share of challenges which compel me to put my stakes into these 3 companies. I believe the best way to learn is to put your stakes in it. Anyway, as the saying goes...there's many way tom skin a cat.
Of all the 13 Battleships, only Barakah is registering a negative margin. However I believe that will change once they implement the Regulation Exercise.
IK It's due to the ease of covid. If the world manage to keep it under control then the price will go up (since demand will increase), if no then might probably only hover around this price.
A good investor will only hold 2-3 shares in their profile. for Mabel case, unless she is billionaire, she able to invest 13-20 counters, if not, my opinion is that she only invest peanuts in every single account
good luck mabel, for me time is a cost too as money has future value compounded with rates. if you earn in stock less than FD or unit trust annually, better to look back your method.
if you bought barakah at 10c thats cost you -8c paper loss now, 400%, and it might stuck for the rest of the year
if you bought powerwell 2 days ago, yday earn 20%. lucky me i did. alam i kept for 4 mths, >50% profit.
next will be gbgaqrs in 6 mths, armada and vstects in 3 - 6 mths
lets see how my stock pick will perform against scomies, barakah, icon and thheavy
@bullrun1985 A good investor will only hold 2-3 shares in their profile. for Mabel case, unless she is billionaire, she able to invest 13-20 counters, if not, my opinion is that she only invest peanuts in every single account 20/02/2020 8:20 AM
Keep speculating...
FYI, beside KLSE, I have also invested in Technology Stocks in Nasdaq. One of them has 40% of World 5G Deployment across the Globe.
For KLSE, I have 4 Boutiques Plantation O&G Digital Economy Visit Malaysia Year.
All these companies under these 4 Boutiques give me the pulse of our economy. Current performance in term of margin:
P1 - Plantation P2 - Oil & Gas P3 - Digital Economy P4 - Visit Malaysia Year 2020
It’s just like an F1 Race between Mercedes Benz, Ferrari, Red Bulls and Maclaren.
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Not easy tash, Armada operator and especially EPF are controlling the price, not easy to even break 0.41, it's already 3 times tested 0.41, but still can't break, obviously it's a very heavy manipulation
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bullrun1985
1,271 posts
Posted by bullrun1985 > 2020-02-19 14:10 | Report Abuse
IK is a billionaire. rich ppl will have weird attitude