Posted by Alexi > 2017-01-20 07:37 | Report Abuse

government link investment fund will holds more than 70% after merger...

Posted by Jay > 2017-01-20 08:30 | Report Abuse

just to help umwog shareholders understand the proposal

1. umw, the current major shareholder, will distribute their umwog shares free to their shareholders, so umw will not participate in the rights issue and will cut links with umwog
2. umwog is buying 42% of Icon from Ekuinas at 50c by issuing umwog shares at 80c
3. then it will launch a mgo to take icon private at 50c, icon shareholders can choose cash or shares
4.umwog is also buying another company from ekuinas
5. to fund all these, umwog will do a rights issue to raise RM1.8b, their current market cap is around RM1.9b, that shows the size
6. umw will not participate in the rights issue but the umw shareholders who get free umwog shares can participate if they want. ekuinas and icon shareholders who gets umwog shares for selling icon also entitled to participate

Posted by John Lu > 2017-01-20 08:31 | Report Abuse

Haha...look at my stock pick 2017...icon in the list

Posted by kennyblur > 2017-01-20 09:06 | Report Abuse

new babies here, any benefit for uwmog share holder from this merging activity?

Posted by 2016v > 2017-01-20 09:14 | Report Abuse

right issue comin

Posted by kukubird88 > 2017-01-20 09:15 | Report Abuse

The benefit for today is 0.80

Posted by Jay > 2017-01-20 09:18 | Report Abuse

personally, I think umwog is just bailing out ekuinas on their bad investment in icon. ekuinas just throw in another profitable company to sweeten the deal. umwog is already deep in debt and buying icon who is also deep in debt.

rights issue even umw also don't want to get involved anymore, passing the burden directly to umw shareholders. shareholders really have to wait for long term until oil & gas support industry recover, which could lag o&g industry by 1-2 years

Posted by stainlyho37 > 2017-01-20 09:23 | Report Abuse

regret to hold this stock.....!!!! cut

Posted by Witty > 2017-01-20 09:24 | Report Abuse

Gg

Posted by Witty > 2017-01-20 09:25 | Report Abuse

Free fall

Posted by firehawk > 2017-01-20 09:27 | Report Abuse

UMW Holding don want it alrdy :(

Posted by Jay > 2017-01-20 09:28 | Report Abuse

no irrevocable undertaking by major shareholder to undertake the rights issue, maybe they will add in circular, but now the lack of umw support is sending a bad signal

Posted by 2016v > 2017-01-20 09:41 | Report Abuse

mama also disowned the son

Posted by moneymoneycome > 2017-01-20 09:48 | Report Abuse

OMG!!

Posted by aizuddin1199 > 2017-01-20 10:02 | Report Abuse

wow..waterfall..

Posted by 2016v > 2017-01-20 10:03 | Report Abuse

another 15%, limit down

Posted by toto > 2017-01-20 10:04 | Report Abuse

I also run at 0.80 liao. Sweat like hell. My profit made in Airasia covered loss in UMWOG. Pengsan

Posted by 2016v > 2017-01-20 10:05 | Report Abuse

going 50 cts, cash price to icon?

Posted by Witty > 2017-01-20 10:07 | Report Abuse

EPF probably sell alots and icon easy cash.

Posted by steveooikp > 2017-01-20 10:11 | Report Abuse

can buy on weakness? normally big fall will have big rise?

Posted by BabyTA > 2017-01-20 10:13 | Report Abuse

@steveooikp

go read new la omg.

Posted by 2016v > 2017-01-20 10:13 | Report Abuse

oh god
hit new low

Posted by Jay > 2017-01-20 10:13 | Report Abuse

massive rights issue will always depress the price, bet on rebounding is risky and have to get in and out at the right time

Posted by 2016v > 2017-01-20 10:13 | Report Abuse

50 cts comin??

Posted by rkpvr > 2017-01-20 10:14 | Report Abuse

Extremely danger zone...stay away dont mess up ur CNY 2017...Have a lovely weekend with loved ones. God bless

Posted by 2016v > 2017-01-20 10:15 | Report Abuse

haha, kangkong and ikan bilis
for cny

Posted by MrPouper > 2017-01-20 10:17 | Report Abuse

Posted by Andy88 > Jan 20, 2017 12:27 AM | Report Abuse

Sky is the limit. Umwog as mother will bring her son icon to fly together. Merging sure bring benefit for umwog and icon, 2017 is o&g theme play. Umwog want increase the market cap and value to beat other oil stock. Mark my word


HA HA HA, this Andy88 really stupid, mark his word some more, super idiot, ha ha ha

Posted by moneySIFU > 2017-01-20 10:22 | Report Abuse

Mother happy happy up, son cry cry down :(

Posted by xcraft > 2017-01-20 10:26 | Report Abuse

time to go in 0.735

Posted by Andy88 > 2017-01-20 10:27 | Report Abuse

Relax, rebound is otw

Posted by sheep > 2017-01-20 10:33 | Report Abuse

sure it will pushed up to above 0.80 in a few months time to make the deal attractive. buy and keep. no power to keep, dont buy.

Posted by rkpvr > 2017-01-20 10:38 | Report Abuse

Another Hibiscs on the way...buy now if you are willing to hold..other wait and see how low it gets ..bet worst is on the way...Good luck

Posted by stockmanmy > 2017-01-20 10:40 | Report Abuse

This new company will win all the Petronas contracts.

Posted by ssong3837 > 2017-01-20 10:43 | Report Abuse

Buy!! strong rebounding is otw..

Posted by G-boy > 2017-01-20 10:45 | Report Abuse

在购股协议下，合顺油气将发出新股收购国家股份在标志岸外（ICON,5255,主板贸服组）约42.3%股权，每股定价80仙。过后，合顺油气将以每股50仙全购标志岸外的剩余股权，并将以现金或每股80仙新股方式支付，并将该公司除牌。

Posted by G-boy > 2017-01-20 10:46 | Report Abuse

so the share price wont trade below 80 sen.

Posted by winmal > 2017-01-20 10:51 | Report Abuse

right issue price will be based on the valuation after merger take into consideration.

Posted by winmal > 2017-01-20 10:51 | Report Abuse

should be RM1

Posted by Thomas Loo > 2017-01-20 10:51 | Report Abuse

BOUGHT 0.76

Posted by Thomas Loo > 2017-01-20 10:51 | Report Abuse

It will closed at 0.80

Posted by kukubird88 > 2017-01-20 10:53 | Report Abuse

Andy 88, andrew 62, pls accumulate more...the price is discount for cny sales now...

Posted by Jay > 2017-01-20 11:01 | Report Abuse

80c is what ekuinas willing to take. no guarantee they can keep it above 80c when market is bearish over the proposals. that's why they already prepare rights issue for the scenario all icon shareholders taking cash

Posted by Jay > 2017-01-20 11:02 | Report Abuse

betting on price will rebound above 80c just based on the issue price is flawed logic

Posted by stockmanmy > 2017-01-20 11:09 | Report Abuse

close eye buy

Posted by beso > 2017-01-20 11:11 | Report Abuse

proposal details have been out on all local papers, after merging the new entity worth 0.50 only

Posted by winmal > 2017-01-20 11:13 | Report Abuse

ICON rm0.80

Posted by winmal > 2017-01-20 11:13 | Report Abuse

so issue price should be at least RM0,80

Posted by winmal > 2017-01-20 11:23 | Report Abuse

after merger UMWOG in a strong position to compete

Posted by jayalbert > 2017-01-20 11:24 | Report Abuse

icon shareholders have 2 options, either accepting the shares or; opt for 50 c cash; my point is let's not complicate the matter. I'm 1 of the shareholders, guess which one i'll select in terms of these 2 options, certainly the latter, ie go for 50 c cash..

Posted by steveooikp > 2017-01-20 11:24 | Report Abuse

buying this counter is like gamble.