Posted by IconForever > 2020-02-05 09:03 | Report Abuse

kk7198 1 more hater? Today 28 sen up 3 sen.

Posted by Carpophorus > 2020-02-05 09:44 | Report Abuse

I think there's probably more downward pressure still .... the volume is artificially suppressed by the Designated status

Posted by matg > 2020-02-05 10:17 | Report Abuse

RI subscribe last date to submit on Monday 10 Feb 2020 at 5.00pm

Posted by Mabel > 2020-02-05 10:28 | Report Abuse

Mine is a done deal. Concluded on 31st Jan 2020..

Everything is done by my remiser. They are so efficient!

Meow..

Posted by newkid > 2020-02-05 12:16 | Report Abuse

company structures is ok BUT dont forget how the management run the SONA Petroleum and later delisted !!!!!!!Now come to Icon.......got to very careful ....believe the management 10% enough liow !!!

Posted by 5354_ > 2020-02-05 12:21 | Report Abuse

Sona delist at 48 sen so Icon TP 48 sen?

Posted by 5354_ > 2020-02-05 12:24 | Report Abuse

95 sen Icon done last mth so 48 sen is 50% 2020 high?

Posted by anzo888 > 2020-02-05 12:50 | Report Abuse

For those newbies, kindly take note that buying into icon is extremely extremely dangerous. Though i think there is a possibility of it being pushed up before the listing of the rights share, the risk far outweigh the reward.

Posted by anzo888 > 2020-02-05 12:54 | Report Abuse

i am not discounting the share price can easily go below 10 sen after the rights is listed on 20/2/2020. Other than the huge amount of shares being listed, there could also be selling by creditors who were given shares to offset the loans.

Posted by anzo888 > 2020-02-05 12:55 | Report Abuse

These comments do not sound nice to certain parties but i wish to help prevent newbies from suffering huge losses.

Posted by anzo888 > 2020-02-05 12:58 | Report Abuse

One could get good gains buying at this levels, IF (A BIG IF) the operators decide to give it a final push, especially if the designated status is lifted.

Posted by anzo888 > 2020-02-05 13:00 | Report Abuse

But dont forget it WILL SURE (101%) be lower (VERY MUCH LOWER) than its current price when the rights arre listed on 20/2.

Posted by anzo888 > 2020-02-05 13:02 | Report Abuse

Please stop listening to some who is promoting icon . The odds just dont favour a buy at these lvls. Probably i might consider icon at 8/9 sen.

Posted by IbnuShaari > 2020-02-05 13:21 | Report Abuse

I have liquidated all my position in Icon and forego my 4,000,000 of OR. Enough to donate to this company. 4bil plus shares going to flood the market on 20th Feb excluding warrants. Loss is already a loss, no more loss in this counter for me! I will buy again if the price 2 or 3 cents else better stay side-line. If not the game for whoever still holding not for me.

Posted by Quickgain > 2020-02-05 13:39 | Report Abuse

The price will not crash if designated, banker need to make sure it stay at 10.5 Sen level for them to clear the first selling on all warrants, ib will not hold a single warrant, the risk is even higher than Sona -warrant. I still think existing holders clear all mother although now only 0.006 sen, it's still better than 0.0022 Sen on 20/02...this is solely my personal view only,

Posted by humbleme > 2020-02-05 17:33 | Report Abuse

I think we have to take into account the fundamental aspect of the company performance as well.

Following the completion of the exercise, at minimum, the company will pay off 170mil in debts. Inclusive of restructuring efforts of its outstanding debts, the company will save up to 18mil in interest savings. Based on latest annual report, this would translate into around 22mil int exp per year.

Now, if the company manages to increase utilization this year, they will return to the black by end of the year.

Any inputs?

Posted by stockjobber > 2020-02-05 17:56 | Report Abuse

Yes, they will save 18m interest a year that will immediately turn the company into the black and also the utilisation of fleet will increase; but that scenario had been premised on Dec last year when crude oil was trading around $60, but now with the Coronavirus and crude oil is at around $50, we have to think twice before subscribing

Posted by stockjobber > 2020-02-05 17:59 | Report Abuse

Post RI, the company still has about 419m debt (Based on max subscription, more debt if its under subscribed)
)

Posted by stockjobber > 2020-02-05 18:05 | Report Abuse

The pertinent point is whether around 254m shares issued to creditors to offset the debt will flood the market and dampen the price !

Posted by QQflying > 2020-02-05 18:07 | Report Abuse

better sell when up..this stock wont goreng in this year

Posted by stockjobber > 2020-02-05 18:08 | Report Abuse

With coronavirus still running hot it's a hard decision to make whether to subscribe

Posted by Diego2020 > 2020-02-05 18:09 | Report Abuse

lots of my friend rugi in this counter last week, rm300k-rm500k, but i believe this counter will go rm1.00 in 5-6 months

Posted by QQflying > 2020-02-05 18:11 | Report Abuse

big shark earn your friend money, big shark so stupid let your friend sell high?

Posted by Diego2020 > 2020-02-05 18:43 | Report Abuse

told them to jumped, but they forgot to create the momentum high enough for the trajectory... now they are trapped

Posted by Michael Kwok > 2020-02-05 20:23 | Report Abuse

Come to buy Benalec.Involve in land reclaimation.Only 13 cents.Some-more Singapore not enough land.Land reclaimation is the trend of the futures(oil and gas storage) and to provide space for expanded citizen for Singapore.

Posted by Michael Kwok > 2020-02-05 20:27 | Report Abuse

Icon already com people big times.Some-loss till there cry and no money to subscribes for right issues.But me not involve.

Posted by ferdtwh > 2020-02-05 21:13 | Report Abuse

If we subscribe at 0.105, who will buy above this .........main shareholders should had had enough shares

Posted by ferdtwh > 2020-02-05 21:14 | Report Abuse

https://oilprice.com/Latest-Energy-News/World-News/Large-Crude-Inventory-Build-Sends-Prices-Tumbling.html

Posted by ferdtwh > 2020-02-05 21:16 | Report Abuse

With latest virus, guess crude oil production will pile up......coupled with low demand from big buyer like China........

Posted by ferdtwh > 2020-02-05 21:16 | Report Abuse

Maybe icon business will not improving much lately......

Posted by ferdtwh > 2020-02-05 21:17 | Report Abuse

Unless one is willing to hold for at least years till icon business improving

Posted by T800Terminator > 2020-02-05 22:02 | Report Abuse

Back to 0.045 after listed.........kikikiki

Posted by Undi_PAS > 2020-02-06 09:53 |

Post removed.Why?

Posted by IbnuShaari > 2020-02-06 10:04 | Report Abuse

@Undi_PAS ----this is typical behavior of PAS supporter.

Posted by IbnuShaari > 2020-02-06 11:42 | Report Abuse

The wrong decision of ICON Multiple Proposal is irreversible. Watch out of your money..invest in something valuable and having potential return, not a potential loss! Your money, your risk, and your decision!

Posted by Kasik0rn > 2020-02-06 11:52 | Report Abuse

why is my OR warrant is gone! what happen here anyone has thought?

Posted by sylvester89 > 2020-02-06 11:53 | Report Abuse

Eh....Anyone just want to check with those people who familiar with Share Consolidate and Right Issue. Because just now when I login my platform and look for the live profile I saw my share missing in the list so anyone face this issue before? Sorry ya because this is my 1st time that I encounter this problem.

Posted by ECGC > 2020-02-06 11:54 | Report Abuse

I still didnt receive share bought 24Jan2020. Seller unable to deliver. As forumer Jaynetan told me last week, if seller unbale to deliver, they will buy in. Check with my dealer, the icon share still pending at bursa.

Posted by ECGC > 2020-02-06 12:02 | Report Abuse

before Xdate, the share in market around 2.3b...on xdate, consolidate 50X become 40m. If some seller, selling the original share before Xdate, what happen?

Posted by Icon88_ > 2020-02-06 12:17 | Report Abuse

Mabel, others scared of you but not myself haha.

Posted by Icon88_ > 2020-02-06 12:19 | Report Abuse

T800Terminator 0.045 where? Why you so hate Icon?

T800Terminator Back to 0.045 after listed.........kikikiki
05/02/2020 10:02 PM

Posted by Icon88_ > 2020-02-06 12:21 | Report Abuse

ferdwth another hater. Why hate so much? You sold OR 0.005 is it?

ferdtwh Maybe icon business will not improving much lately......
05/02/2020 9:16 PM

Posted by jaynetan > 2020-02-06 16:38 | Report Abuse

ECGC,the failed delivery buy-in shld have been done . you shld check and clearify with your dealer.
as you can see, today also got buy-in for faild delivery

Posted by ferdtwh > 2020-02-06 16:44 | Report Abuse

Icon88_

not hater bro.......i myself bought around RM 12K during IPO........ hold till last year, averaged down to around RM 0.5....total investment around RM 19K........and now almost zero after consolidation...... last chance to get back some initial investment is to subscribe their rights, for sure cannot earn from this counter........

Based on recent market condition.....do you think icon business will doing good ?

Posted by ferdtwh > 2020-02-06 16:45 | Report Abuse

And high chance they will make sure price below 10cents after 10 or 20Feb.........

Posted by jaynetan > 2020-02-06 17:00 | Report Abuse

any reasons that make you believe to be below 10 sen after 20feb?

Posted by Mabel > 2020-02-06 17:47 | Report Abuse

@Icon88_ Mabel, others scared of you but not myself haha.
06/02/2020 12:17 PM

Why should you?

I'm just another pussy...

Meow..

Posted by ferdtwh > 2020-02-06 18:30 | Report Abuse

jaynetan

My feeling only....

Posted by jaynetan > 2020-02-06 18:42 | Report Abuse

I supposed feeling, if forecast or spreading in media, at least need to have some reasons or justification, be it right or wrong.
Fake news only Create problem, like the coronavirus.

Feeling without justification, that is sixth sense, than Better buy big sweep or four d

Posted by Carpophorus > 2020-02-06 20:39 | Report Abuse

RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,354,370,200 NEW ORDINARY SHARES IN ICON OFFSHORE BERHAD ("ICON") ("ICON SHARES") ("RIGHTS SHARES") TOGETHER WITH UP TO 588,592,550 NEW FREE DETACHABLE WARRANTS ("RIGHTS WARRANTS") ON THE BASIS OF 100 RIGHTS SHARES FOR EVERY 1 ICON SHARE HELD AFTER THE SHARE CONSOLIDATION AS AT 5:00 P.M. ON 23 JANUARY 2020 AND 1 RIGHTS WARRANT FOR EVERY 4 RIGHTS SHARES SUBSCRIBED FOR BY OUR ENTITLED SHAREHOLDERS, AT AN ISSUE PRICE OF RM0.105 PER RIGHTS SHARE ("RIGHTS ISSUE WITH WARRANTS")
..................................

Just for learning purposes, can someone explain the rationale for the share consolidation of 50 into 1, then followed by this 100 RI for consolidated share? What's the effect as compared to just a Rights Issue of 2 RI for every 1 original share? No need for consolidation. What's the difference?

Thanks!