Posted by 8888_ > 2020-01-23 11:11 | Report Abuse

If Icon >60 sen expect Icon W same?

Posted by ferdtwh > 2020-01-23 11:12 | Report Abuse

Anything can happen to this I-CON , nobody know the price after consolidation

Posted by ferdtwh > 2020-01-23 11:12 | Report Abuse

It may back to 4cents level

Posted by 8888_ > 2020-01-23 11:14 | Report Abuse

If true why goreng to 70 sen today?

Posted by 8888_ > 2020-01-23 11:14 | Report Abuse

Operators push up and down FOC?

Posted by Mabel > 2020-01-23 11:19 | Report Abuse

Finance 101

No risk no gain..

Go for the middle...Take calculated risk...

ICON Price now is circa 70

Those that buy before and after already make money mah. Already lock my profits..

After RI,

Any price above 10.5 can make money mah...

Free warrant some more. FYI, Serba warrant open at 39 shoot up to 60 and now settle at 40 plus . The warrant is expected to climb above 1.

I'm still keeping both Serba Mother and warrant...

I also have good experience with La Farge Share Consolidation exercise..

Cheers

Posted by Mabel > 2020-01-23 11:21 | Report Abuse

Please don't speculate how much it will drop. Like that better keep in FD....

My question still remain,

Who would have though that Icon can break 70 today?

Hands up?

Posted by Mabel > 2020-01-23 11:22 | Report Abuse

Sometime you need to trust the Bursa system. Surely there must be some check and balance in their SOP...

Posted by Shareview123 > 2020-01-23 11:23 | Report Abuse

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

Posted by Mabel > 2020-01-23 11:23 | Report Abuse

Like I said, you still have time to decide on the following:

1. Accept all RI offers
2. Reject RI offers
3. Take some and sell some

Make that call...

Posted by lsg10 > 2020-01-23 11:25 | Report Abuse

kalau sy x subscribe ri, and jual all semua share hari ni. esok still dpt tak icon or tu?

Posted by 8888_ > 2020-01-23 11:28 | Report Abuse

Up more and limit up today? Tomorrow up further if today limit up?

Posted by ferdtwh > 2020-01-23 11:29 | Report Abuse

If bought before how to make money although it can break RM1 because of 50/1 consolidation

Posted by 8888_ > 2020-01-23 11:29 | Report Abuse

Gain is from take up RI.

Posted by ferdtwh > 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

Posted by Mabel > 2020-01-23 11:31 | Report Abuse

@Shareview123 In a longer time, say 6 to 12months, if ICON Can not get better contracts and perform better, it price will eventually o down.
23/01/2020 11:23 AM

Touch wood. That's not going to happen. May bank is very positive on ICON. They rate ICON better than Sapnrg in their recomendation. It's a BUY vs HOLD for Sapnrg

Here's why I think, ICON will prevail..


Oil & Gas - Upstream Activities to Stay Elevated
Author: kiasutrader | Publish date: Fri, 3 Jan 2020, 10:01 AM

While we were positively surprised with the OPEC’s decision to deepen existing production cuts in 1QCY20, we were somewhat disappointed that the coalition failed to announce any extension of production cuts beyond that. We still view that continued production cuts is imperative to sustaining oil prices at current levels, with further downside risks coming from: (i) enforcement measures of production cut compliance among OPEC members, (ii) continued uncertainties in U.S.-China trade tensions, and (iii) continued rise in U.S. oil output. Overall, we assumed an average Brent projection of USD60/barrel for 2020-2021. Meanwhile, local upstream activities are expected to stay elevated from high levels seen in 2019, as guided in Petronas’ latest Activity Outlook. We have identified selective biggest winners to include: (i) fabricators (e.g. MHB, SAPNRG), to benefit from the high surge in number of WHP, and (ii) marine vessel providers (e.g. ALAM, COASTAL, ICON, PERDANA), benefiting from surge in AHTS demand. Offshore maintenance players (e.g. DAYANG, CARIMIN) is also expected to see further increase in works, even after a high in 2019, while VELESTO is also anticipated to see healthy utilisations on the back of sustained jack-up drilling rig demands. Maintain NEUTRAL on the sector, given limited upside to large-cap Petronas-related counters, although with increased optimism towards equipment and services providers. As for stock selections, defensive and growth-seeking investors could seek out stable names such as YINSON and SERBADK, although bargain hunters could target some laggard-play angle in heavily discounted names, of which we like PANTECH, SAPNRG, UZMA and COASTAL.

Posted by ferdtwh > 2020-01-23 11:31 | Report Abuse

In other words, icon forced u to subscribe their rights, to cover that rm1300 gap....

Posted by tkl88 > 2020-01-23 11:32 |

Post removed.Why?

Posted by Chris Wong > 2020-01-23 11:38 | Report Abuse

selldown incoming. becareful u all

Posted by Shareview123 > 2020-01-23 11:40 | Report Abuse

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.

Posted by monetary > 2020-01-23 11:42 | Report Abuse

icon give me a v good experience. I si a lot of $ in my acc but it isn't mine. lol!

Posted by Shareview123 > 2020-01-23 11:44 | Report Abuse

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

Posted by Syndicates > 2020-01-23 11:45 | Report Abuse

those who got OR, brace for limit down tomorrow.

Posted by avatarsnipe > 2020-01-23 11:46 | Report Abuse

Shareview123 - nope. No they dont

Posted by Kopimilo > 2020-01-23 11:46 | Report Abuse

The main reason for USA controlling Iran, Iraq, syria, libyais to plug the oil production, hence oil price would not plunge further out of excessive surpluses, amid progressively lower demand from comsumer contries that started to experience the simptom of recession.

Posted by 8888_ > 2020-01-23 11:49 | Report Abuse

Why limit up today? Many said sure down.

Posted by arcadicus > 2020-01-23 11:52 | Report Abuse

walaowei...

Posted by 8888_ > 2020-01-23 11:54 | Report Abuse

Nobody from i3 buying base on comments here true?

Chris Wong selldown incoming. becareful u all
23/01/2020 11:38 AM

Posted by 8888_ > 2020-01-23 11:56 | Report Abuse

Those talk bad here your counters all very huat is it?

Posted by icecool > 2020-01-23 11:56 | Report Abuse

limit up again hahaha

Posted by mew827 > 2020-01-23 11:56 | Report Abuse

shareview123,thats why its totally to make people trap then

Posted by Mc_Wei > 2020-01-23 11:57 | Report Abuse

It won't come down. The limit up will stay today. Buy-in is on T2 which is tomorrow. This is very cruel. Force the oversold players to buy back from them after 2 days of limit up. Tomorrow will come down.

Posted by Mc_Wei > 2020-01-23 11:59 | Report Abuse

After the buy-in is completed price won't go up anymore.

Posted by 十 强 > 2020-01-23 12:02 | Report Abuse

buy in will have penalty

Posted by Shareview123 > 2020-01-23 12:02 | Report Abuse

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.

Posted by arcadicus > 2020-01-23 12:03 | Report Abuse

yesterday, someone said today confirm come down one... but another limit up

Posted by Kingston1 > 2020-01-23 12:06 | Report Abuse

Wow!! Limit up again! Congrats those who still holding!! Hopes u all can earn more like I do. Hahha.. Huattt ahhhh

Posted by matg > 2020-01-23 12:07 | Report Abuse

everyday 30cent up very nice

Posted by Mc_Wei > 2020-01-23 12:08 | Report Abuse

ICON is not cornered. If you look at last Annual Report, there are 9000+ shareholders holding it. Those who oversold, must buy using buy-in with penalty. Imagine if oversold players sold at 20c, buy back at 71.5c + 5c penalty.... very cruel.

Posted by roslaom > 2020-01-23 12:10 | Report Abuse

No sell down lah tommorow. Tommorow, u can sell ur rights for about half a sen. Icon needs capital injection from shareholders to pay debt. If u love this company and believe the future performance, go find money to give icon.
Warrant exercise price 0.165.
20 feb, shares price will adjust accordingly.
Warrant intrinsic value will depend on mother share. But normally will be out of money. Who knows, maybe warrant could be in the money.

Icon cannot IDSS lar.

Posted by iwantberich > 2020-01-23 12:12 | Report Abuse

If buy today then sell today, then can lock in profit. No?

Posted by monetary > 2020-01-23 12:13 | Report Abuse

tomorrow 0.715 limit down to 0.415. how will the market price the OR?

Posted by roslaom > 2020-01-23 12:14 | Report Abuse

Before 20 feb, icon can go as high 1.60. Now designated stock already.

Just my thought only. Dont take it as prediction.

Posted by Lich > 2020-01-23 12:14 | Report Abuse

I am actually very perplexed by those who bought after the ex-date and still holding or plans to hold for the long term.

Posted by Syndicates > 2020-01-23 12:15 | Report Abuse

tomorrow OR limit down because reference price will follow today mother's closing price

Posted by gambler9828 > 2020-01-23 12:15 | Report Abuse

Sifu2 how? buy or no buy

Posted by gambler9828 > 2020-01-23 12:15 | Report Abuse

hahaha......................

Posted by roslaom > 2020-01-23 12:19 | Report Abuse

OR already price at .105 for existing shareholders. If buy at market .10 then ur cost is .205 if u want to subscribe.

So my take, OR price 0.005 is a fair value.

Posted by ferdtwh > 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

Posted by roslaom > 2020-01-23 12:24 | Report Abuse

The new icon shares and free warrant will be listed on 20 feb. As price adjusted accordingly, maybe about 20 - 40 sen only.