@monetary A man at his golden age why not keep his temperament more phlegmatic? Why enjoy arguing with others? Why always eager to prove himself more superior? Do u have to prove yourself until the end of your life? Do u really think u r more superior than all ppl younger than u? Respect is earned through good attitude but not old age. Happy CNY. 24/01/2020 1:13 PM
Well said monetary...
Like I said many times, there's no right and wrong answer. Everyone should choose what it's best to them based on their respective risk adversity. No need to feel so stress up.
@CharlesT I think not many retailers trapped here..except some idiots 24/01/2020 8:39 PM
I agree. Not many retailer will be trapped as they should be well informed by now. Thanks to the great Teamwork here.
The one who are trapped are the Contra Player and IDSS. For speculative counter like this one should play with cash and not on borrowed money.
Like I suggest this morning, everyone should make their own Business case based on your respective past tradings with this counter. Your cost should cover all your acquisition cost plus the RI conversion cost which was explained in the previously. .
Your price should be based on the prevailing price. In my case, my break even for this counter is 0.135 per share. This include the RI conversion price. Anything above this price is a profit to me. I will cut my loss if it goes below 20 % of 0.135 as I have higher tolerance for risk.
Hence my bonus will be the price of free warrant plus any price which is above 0. 135 per share. Based on my Serba exercise the warrants should be equally attractive.
Even currently without the OR, my margin for ICON is a very very healthy margin.
Moving forward, based on Maybank and Wall Street valuation that I posted last night, the future looks good for ICON. You should also read this report to get the full story.
Even the chart is currently looking very Bullish. You still have time to decide by looking at the price movement. You can either
1. Take all 2. Take some of the offer. 3. Sell your right OR 4. You can complete reject Icon offer.
As for me, I have accepted to take the whole RI offers. I'm going in. It's a GO Decision as Icon is part of my Business Plan for the next coming 3 years.
@apolloang miss mable u make how many millions on greatec? hehe
It's one of my best investment. Greatec has paved way for many acquisitions...
Bottom line, Patience is bitter, but its fruit is sweet. That's what Greatec did to me. Today, I collected another nice Angpow from Inari. Same things happened. Too many Naysayer in that counter but I keep on collecting despite what the chart is projecting..
Icon... A loss making cap ayam company Consolidation or not >> NO impact to the company is like 2 X 5 = 10 = 5 X 2 =10. Pity...many got wrong impression that consolidation is very good.. it's nothing and now many Argghhhh...Pity when market open Tuesday.. The company remained sick & loss making
Designated Security in next Trading day. So will it continue to limit up? Gosh, after I read so many times the announcement of right issue and comments in this forum, I still don't understand why the share price will up so high before consolidation. I thought consolidation is compled. But seems like not. I really no clue so not get into after first round of limit up. 2nd day up so high again, i go read all news still not understand. Maybe it is good for me not to understand and this not get into it. I don't see this is a great company to get in, perhaps maybe in future it will be greater company. Yet I still don't understand why it up from 0.1x to 0.8x and even above 0.90 once. Anyway, this is not my money. Good luck to everyone for next limit up. I think will go above 1.00 soon?
Alamak. This is the 1st day of CNY. Some old men logged in early morning to pick a fight. I wander if they have a life. They always look for some1 to argue over something that they have 0 interest. They do it in the name of saving newbies from being conned. U think u make $ out of thin air? U make $ from less knowledgeable ppl n ppl with less infor. Always tell lies to justify their actions. Shame on u! Any newbies support u? I like to know. Any?
The real trading of OR starts on Wed. Price is likely to b suppressed. 0.015 is the theoretical OR price. Those who bought at 0.035 b4 exdate will breakeven. Most ppl lose $. My strategy is sell part of my OR at whatever price offered by market n use the proceed to subscribe. In that way u won't sink deeper n deeper into the hole if Icon doesn't perform. What u invested initially is the most u can lose. In fact u shouldn't invest more than 15% of ur fund on Icon.
It always good to be prepared and working with scenarios on the possible outcomes.
For those who bought ICON before 21st, please go and check your trading accounts.
It should be looking very good for you.
One thing I can tell you, when I subscribe the Serba Dinamik and Revenue Exercises my P&L doesn't look that good as this one since my average purchase price is higher after the Ex date exercises price.
Happy Chinese New year !!! Icon is designated, it means paid first before you can buy. Indirectly, it means no more contra and no more naked short selling. So, the movement of the Icon shares price before the listing of the right issue shares is totally under their control. It can be pushed up higher or it can be pressed down. The movement of OR is hard to predict also., but most likely is down because retailers can sell the OR forms in hand since yesterday.
Right they can push the share up or down if there is no major right issue of OR share of 2.3 billion share going to flood the market as compare with 46 million share. Don't give false hope to retailers , we are court at wrong side now is to minimize the losses any happy trading
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CharlesT
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Posted by CharlesT > 2020-01-24 21:34 | Report Abuse
Pls do so in BAT n supermax...i hold both..go hentam 99...with facts lah