Posted by InvestWin > 2020-01-13 18:01 | Report Abuse

From this blog, Maybamk TP is 0.16cent. Right subscription is 0.105cent, then Icon-OR listing after ex-date should be 0.055cent (0.160 - 0.105= 0.055cent). Based on @IIImNoob analysis which i verify is valid - for every one Icon share you hold now, you can get 2 Icon-OR. Then if you have 1,000,0000 Icon share now (today closed at 0.045cent), you will get 2,000,000 Icon-OR (which assuming from basis as mentioned will be worth 0.055cent each). You can get RM110,000 just by selling the 2,000,000 Icon-OR after ex-date. And you can also sell the 20,000 consolidated Icon share after ex-date at 0.16 cent (based on Maybank TP).You decide if you want to hold or buy more Icon tomorrow ? Disclaimer : If ex-price of Icon-OR lower than 0.055cent, please don't blame me, but blame Maybank TP of 0.16cent which I gather from this blog. I have not verified the TP with Maybank Invest. The whole argument above is based on this blog which mentioned Maybank TP is 0.16cent. Do you believe Maybank TP as mentioned ? If you believe the TP as mentioned, it make logical sense to buy more tomorrow since Icon is selling at 60% discount at today's price.

Posted by monetary > 2020-01-13 18:12 | Report Abuse

consult ur remisier. OR price is not decided by Maybank TP. totally irrelevant.

Posted by monetary > 2020-01-13 18:14 | Report Abuse

common sense. if Public bank TP 0.25 then how? 0.25-0.105 or 0.16-0.105?

Posted by InvestWin > 2020-01-13 18:33 | Report Abuse

@monetary. I agree with you if Maybank or Public Bank TP is irrelevant or not valid, then my basis earlier is not valid. My whole argument is based on if you believe Maybank TP ? That's why I insert disclaimer in my blog. (Note : I 1st time came across that Public Bnak TP is 0.25, can @monetary share where you get it from ?).

Posted by monetary > 2020-01-13 18:37 | Report Abuse

I said if. there could b many2 TP by analysts. OR price is IRRELEVANT to analysts' TP.

Posted by monetary > 2020-01-13 18:39 | Report Abuse

1 thing I can tell u for sure OR is much lower than tat u anticipated. u don't si ppl sapu Icon share, do u?

Posted by jaynetan > 2020-01-13 19:46 | Report Abuse

I Bought n Prepare to subscribe

Posted by CharlesT > 2020-01-13 19:47 | Report Abuse

Maybank's tp is only relevant to mabel's sweet dreams

Posted by Mabel > 2020-01-14 08:03 | Report Abuse

Wrong again Charles..

I don't usually rely on one source. I used Maybank because they are the only bold enough to come with the full analysis on Icon.

I also rely on TA as well as FA in my collections. Sometimes, I do take calculated risks.

Icon fortunately does not fall into this category yet..

It's actually your call. I'm just sharing. It's only you to decide whether you want to proceed with Icon..

Posted by Mabel > 2020-01-14 08:08 | Report Abuse

@tkl88 Mabel, let say i got 1,000,000 (One million shares) of ICON,
What will happend to my shares ?
I don't understand the annoucement in Bursa company annoucement on ICON ...
13/01/2020 9:37 AM

I'm currently on vacation. Best is to rely on the team comments or check with your remiser. Still got time to check.

Anyway if anyone find out more, do share it here. I will only be back next week.

Meow

Posted by tkl88 > 2020-01-14 09:20 | Report Abuse

Ok, noted. Tqvm Mabel !
Anyway, i will subscribe all the allocation to me for the right issues !

One more week to CNY, Huat ah ! Heng ah ! Ong ah !

Posted by Mabel > 2020-01-14 10:32 | Report Abuse

Cheers tkl88!

Posted by lsg10 > 2020-01-14 11:56 | Report Abuse

saya x paham la.. sy pun pegang. consolidation ni bagus atau tak

Posted by snwong13 > 2020-01-14 13:42 | Report Abuse

.
Consolidation of 50 to 1 share, then
1 for 100 RI @ 0.105 RI price!
No of shares doubled, after!
Price now 0.040 - 0.045
All the best!

Posted by pamie > 2020-01-14 14:52 | Report Abuse

Pergh. 3.5cent this afternoon. Lowest in 52weeks duration. Bottom.

Looks like consolidation proposal does not attract investors.

Posted by gambler9828 > 2020-01-14 16:05 | Report Abuse

Run... run la...haha

Posted by gambler9828 > 2020-01-14 16:06 | Report Abuse

may drop further...

Posted by gambler9828 > 2020-01-14 16:08 | Report Abuse

kasi jual semua---lol...

Posted by CharlesT > 2020-01-14 16:24 | Report Abuse

After ex cedera lagi parah...if u think now is bad

Posted by Mabel > 2020-01-14 20:22 | Report Abuse

I have already park at 0.02 and 0.03..

Come to Mummy baby..

Posted by 5354_ > 2020-01-14 21:20 | Report Abuse

Haters talk here got RM 100K or not?

Posted by 5354_ > 2020-01-14 21:22 | Report Abuse

Best is W FOC. Look at SapNrg W price. No wonder Ekuinas dare fork out RM 183 million.

Posted by snwong13 > Jan 14, 2020 1:42 PM | Report Abuse
.
Consolidation of 50 to 1 share, then
100 RI for 1 @ 0.105 RI price!
No of shares doubled, after!
Price now 0.040 - 0.045
All the best!

Posted by 500Bilis > 2020-01-14 23:42 | Report Abuse

1,000,000 shares brought @ 4 sen, total RM40k paid.

After consol, 1mil shares become 20,000 shares @ RM40k paid earlier.

20,000 shares entitled RI of 2,000,000 shares at RM0.105.

If exercise all RI, total additional fund need fork out is RM210k.

Total shares in hand 20,000 + 2,000,000 = 2,020,000 value at RM40k + RM210k = RM250k or RM0.1238 per share.

Imagine those didnt opt for RI, RM40k for 20,000 shares...

Posted by 500Bilis > 2020-01-14 23:55 | Report Abuse

If exercise all, RM0.1238 vs RM0.132 is aldy a gain....

Posted by 500Bilis > 2020-01-14 23:57 | Report Abuse

Not to mention FOC warrant...

Posted by Mabel > 2020-01-15 01:26 | Report Abuse

500 Bilis is a very smart man...

Brilliantly put..

Tomorrow I will put another queue at 0.035..

Too good to let go...

Posted by 500Bilis > 2020-01-15 05:54 | Report Abuse

Cheers Sis Mable

May all prosperous in the coming CNY...

Posted by Mabel > 2020-01-15 07:52 | Report Abuse

Aameen!

Posted by IIImNoob > 2020-01-15 09:59 | Report Abuse

@ 500Bilis
The price of 0.1238 or as the bankers calculated TERP of 0.132 by theory based on earlier price of 0.057 before the announcement...
The million dollar question is what will be the price at the end .... ?
The price will of course be derived from many many factors ... it can be positive ... or it can be also negative .... maybe even lower than RI price of 0.105

Posted by taitaumau > 2020-01-15 10:15 | Report Abuse

after x-date, b4 right issue shares listed,
Conso. mother shares = 23.54 M.
OR = 2,354 M.
May win very huge on 1 mother share but may also win ? or lose ? A LOT on 100 OR

High Risk High Gain - a basic investment concept

An investor with a weak heart should stay away

Posted by monetary > 2020-01-15 11:08 | Report Abuse

0.035 won't break. 0.03 ppl will sapu.

Posted by monetary > 2020-01-15 11:11 | Report Abuse

closing price b4 ex date should b no less than 0.04

Posted by 500Bilis > 2020-01-15 12:31 | Report Abuse

Hi IIImNoob

If based on 4 sen, it shall be 0.1238 but with foc warrant, it will be lower than this price.

Ya, agreed that eventually it all depends on market support and acceptability of this exercise, hence the price 0.1238 may also drop.

However, based on current support at 0.04 to 0.035, it’s good indication of market positive response.

Cheers

Posted by 500Bilis > 2020-01-15 12:33 | Report Abuse

@ monetary

Totally agreed, market waiting to sapu at 3.5 sen, just look at the huge Q vol.

In fact, Im queuing too, hehehe.

Cheers...

Posted by Mabel > 2020-01-15 18:50 | Report Abuse

Me too...

Meow!

Posted by Jenova > 2020-01-15 23:32 | Report Abuse

May i know What's the warrant exercise price?

Posted by 500Bilis > 2020-01-16 05:56 | Report Abuse

Good morning guys

@ Jenova, if u refer to warrant itself, it’s given free on the basis of 1 warrant for every 4 RI shares subscribed.

If u refer RI, it’s 10.5 sen.

Cheers...

Posted by CharlesT > 2020-01-16 08:24 | Report Abuse

Dont scare me ah 500bilis...ex price of wa is rm0.165

Posted by Mabel > 2020-01-16 09:38 | Report Abuse

Wah today so big buying Volumes at my ICON Royal Fortunes..

I suppose by now many has started to realize that this is a potential gems...

Well done and thanks for very informative great sharing Guys

ICON is now back to life...

Let's Hoist the Colors...

https://www.youtube.com/watch?v=teDSFed51A0

Captain Mabel Sparrow

Posted by kabukiman > 2020-01-16 12:24 | Report Abuse

@500bilis

" Imagine those didnt opt for RI, RM40k for 20,000 shares... "


Ppl like me wont be able to subscribe. and this is where im coming from on feeling screwed by the 100-to-1 cash call on the shareholders whereas the bankers walked away with almost no haircut (the big ones anyways).

RHB donate a 0.01% haircut.
Bank Pembangunan gave 1.07%.
OCBC took a massive 14.9% haircut.
Maybank islamic walked off with 0.72%.
Short term syndicate bankers donate 0.01%.
Maybank took 5.09% haircut.
affin took at 39% hit.
ocbc (labuan) suffered with 46% haircut.

overall haircut for the banks: 2.26%.


What the fuck is this? Granted shareholders rank below bankers, but for a company in financial distress for the banks to collectively "donate" some piece or armpit hair for 2.26% of total loans is bloody fucking shite.

I vote for no go for restuructruing and let the fucking banks suffer the pain as well.

Posted by CharlesT > 2020-01-16 13:11 | Report Abuse

0.035 vs 0.21...more than 500% extra capital required...mainly to pare down ard rm200m+ of their os rm600m+ debts

Posted by CharlesT > 2020-01-16 13:13 | Report Abuse

I doubt if many would go for the rights issues...likely huge selling pressure on PA...

Posted by CharlesT > 2020-01-16 14:40 | Report Abuse

Assuming u have 50K at Rm0.04= RM2.00

after ex u have 1K+ 100PR

Ex price shall be ard Rm0.12+...so whether u can make or lose depends on how much u can sell yr 100PR

Posted by ferdtwh > 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.

Posted by Jenova > 2020-01-16 23:24 | Report Abuse

@500Bilis

I means the warrant if want to convert to Mother, what's the exercise price?

Posted by veritas > 2020-01-16 23:39 | Report Abuse

Warrant exercise price is 16.5 sen

Posted by 500Bilis > 2020-01-16 23:55 | Report Abuse

@ CharlesT

U r right, the warrant exercise price is 16.5 sen : )


@ Jenova

My bad, the exercise price to convert mother share is 16.5 sen.


Cheers

Posted by ahkiang > 2020-01-17 02:43 | Report Abuse

icon should consolidate share 1st , then after some period then only right issue meh...
do both together at 1 shoot, so rush sell ur stock meh xD
icon really tot ppl water fish ?

Posted by HuatlaiOnglai > 2020-01-17 11:25 | Report Abuse

This counter is worth betting knowing they have a strong parent company. Hoot Ah!

Posted by InvestWin > 2020-01-17 11:45 | Report Abuse

Look like 0.035cent is the support bottom price between now and ex-date on 22nd Jan- a mere 2 and half trading days left for those who are interested to collect or collect more ! Judgement is yours to take !