Posted by Mabel > 2020-02-07 18:12 | Report Abuse

Wah.. Icon rise more than 10% while the KLCI is still in the Red..

So lovely..

So Yummy..

So beautiful..

Meow...

Posted by stockjobber > 2020-02-07 19:17 | Report Abuse

What I'm worried is RM26.52m debt will be turned into 262m (@.105) shares, will it flood the market and press down the share price ?!!

Posted by Mabel > 2020-02-07 19:50 | Report Abuse

OTB/Zhangzuode/ Shareview123

Thanks for sharing your insight..

My experience holding ICON Shares prior to Ex Date has been positive and I have done a Business Case with and without RI. Both are looking good.

Hence I have subscribed to the whole RI..

Have a great weekend.

Posted by Shareview123 > 2020-02-07 21:36 | Report Abuse

@ Mabel, you are always welcome.

After right issue, Icon is temporarily OK for the next few months to a year. The cost of investment for all shareholders are almost the same, i. e 0.105 less price of warrants.
So, after the listing of new right issue shares, if the retailers have the holding power and want to recover back their losses in this counter, they can average down if the price drops to 0.06 or 0.07 within the next few months.

Posted by Carpophorus > 2020-02-07 21:54 | Report Abuse

@Shareview123
"Those who bought 100,000 shares before ex date and can sell 100,000 shares after ex date must be God's chosen one, may be you are the chosen one."

Sorry friend, I'm definitely not the chosen one ... I'm just trying to learn.

As for my earlier comments, it was in reference to your earlier 2.28pm comments, the scenario 2, where there's no consolidation just a straight 2RI for 1 original share. Which is this one:

"2 ) if no consolidation of 50 become 1 and just right issue of 2 for 1 at 0.105 ( just leave free warrants issue aside). Most likely all the retailers will not subscribe for the Right issue, and the major shareholders, banks and the underwriters have to pay. Say the listing price after right issue completed is 0.10, the shareholders with 100,000 shares can sell all at 0.10 and get 10,000 campared with his original cost of investment of 3500, his gain is 185 % or
6500 ( 10,000 less 3500 ), in this case all the retailer buyers will be laughing."

Help me understand why they need wait till RI is completed then only sell in such a scenario. Thanks!

Posted by Shareview123 > 2020-02-07 23:11 | Report Abuse

@ Carpophorus,
If the right issue is just 2 for 1 without shares consolidation , the Theoretically ex price will be
( 0.105 + 0.105 + 0.035) ÷ 3 = 0.0816667
( without taking into account the free warrants), it means the reference price on the first day after ex will be 0.08 ( rounding up).

Those who bought before ex date can only sell the 100,000 shares they have in their cds account. The 200,000 shares from the right issue can only be sold after right issues have been completed and the 200,000 shares have been credited to their Cds account which may take few weeks later.

Posted by sylvester89 > 2020-02-08 15:28 | Report Abuse

Mabel : Yo Mabel I am also subscribe already on 30 Jan haha.... I don't mind to give it try on this company I know it will take long time due to the previous government job who has bring them into trouble. So the current will have take time to fix back everything I hope the next government will also do much better if can..

By the way I still have a issue which no one able to answer my question.

Few days ago I have logging into my investment account and i found out that my share for the ICON-OR has missing do you face this issue?

Thanks
Your Sincerely
Sylvester (Meow)

Posted by Mabel > 2020-02-08 22:51 | Report Abuse

@sylvester89 Mabel : Yo Mabel I am also subscribe already on 30 Jan haha.... I don't mind to give it try on this company I know it will take long time due to the previous government job who has bring them into trouble. So the current will have take time to fix back everything I hope the next government will also do much better if can..

By the way I still have a issue which no one able to answer my question.

Few days ago I have logging into my investment account and i found out that my share for the ICON-OR has missing do you face this issue?

Thanks
Your Sincerely
Sylvester (Meow)
08/02/2020 3:28 PM

Great sylvester89 !

That's exactly what I'm doing. Everybody deserve a 2nd chance, beside my current Business Case for ICON is good.

For your information, ICON shares been hammered by the downfall of O&G industry from 2014 until 2018. All O&G players were hit. Most small players are already gone. This company has more than 20 vessels serving Petronas. The current vessel is not enough and they need to outsource from outside due to shortage in supply. I expect 2019 result will be much better 2018 because there will be no impairment as they have already made the impairment more than 70 million in 2018.

ICON is backed by strong Major Investors and Equinas itself keep supporting ICON for this scheme. All banks also support the scheme because they see the future of this company. Kenanga Research are expecting to see a continuation of the elevated activity levels going into 2020. A read-through of Petronas’ latest Activity Outlook 2020-2022 was mostly positive, as most upstream value chains are expected to see approximately maintained levels from 2019, while several of them anticipated to see a surge. Of which, they have identified the biggest winners to include (i) fabricators (e.g. SAPNRG, MHB), with almost a doubling in the number of well-head platforms (WHP), and (ii) marine vessel players (e.g. ALAM, ICON, PERDANA, COASTAL), with a huge surge in the number of anchor handling tug supply (AHTS) vessels. Beside Kenanga, Maybank has also given a BUY Call on ICON.

Back to your Question,

For the OR, Mine is already in my Share Portfolio
For Free Warrant, it's still not in. But I'm sure it will be in the system by the listing date which is on the 20th February. From Serba Dinamik Right Issues Exercises, the warrant opens at 60 sen on the 1st day trading. Now it is trading about 40 with a Target Price of RM 1 by the end of this year.

Just call your IB or remiser. They can check it for you.

Meow...

Posted by OTB > 2020-02-09 00:27 | Report Abuse

Mabel,
Good write up.
Good job.
Thank you.

Posted by Mabel > 2020-02-09 08:46 | Report Abuse

My pleasure OTB!

Likewise, I always enjoy reading your comments too.

Just to add, last week I attended a lecture on Investments Outlook for 2020 by an esteem Investment Speaker.

According to him, 12 Investments Brokers are positive in the Oil and Gas Sectors for 2020. 50 % of them have rated Over Weight.

Cheers!

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

Oil and Gas sector will still perform well until 2021.
Presently energy sector is undergoing correction after a strong run up from June 2019 without any meaningful correction.
I hope the trend will reverse soon.
Thank you.

Posted by Mabel > 2020-02-09 09:11 | Report Abuse

Yes indeed OTB.

Currently my O&G sectors is siting on P3 after Technology (P1) and Plantation (P2) in term of margin.

My motivation for O&G :

20% of government revenue in 2020
50 Billion Petronas Capex
Each US$1 per barrel increase in oil prices brings the Treasury RM300 million in revenue per year.

Cheers !

Posted by newkid > 2020-02-10 09:47 | Report Abuse

Will go south as from today .,...,not very good n will affect all oil n gas counters.

Posted by pamie > 2020-02-10 10:39 | Report Abuse

Excited to know wether oversubscribed or not. Today last day to submit application for accepting OR.

Posted by ferdtwh > 2020-02-10 10:45 | Report Abuse

Don't think will oversubscribed, many people run out of money nowadays...

Posted by newkid > 2020-02-10 10:47 | Report Abuse

I think it will oversubscribed by few "giant size" excess share applicants but mother still boh kang tou, retailers only hopes now is warrant can open 1to 2 Sen...

Posted by mohawk > 2020-02-10 10:48 | Report Abuse

After feb 20th once price dropped below 10.5 cent. Sure immediate lost for those who subscribed. Pray hard everyone.

Posted by MB Alife > 2020-02-10 11:17 | Report Abuse

last friday i received consistent calls from two unknown numbers, and i chose not to pick up. after hours, i dialed the number and it turned out to be from Boardroom. Since i had some ICON, i wonder why they called me desperately for so many times. Is it because i did not submit the payment for subscription? Why are they so desparate ?

I bet they are calling wveryone of you who did not reply to the RI. Looking at the management what the posted on their website, i have ZERO, nill, zilt confident, this icon will turn around!

good luck to you long term investors.

Posted by Mabel > 2020-02-10 11:36 | Report Abuse

Based on what happened to SARS, it will take about 6 months side way movements in KLCI...

So do take this into consideration. Only take this if you want to be a long term players.

Only decide to go in once you have made your respective Business case.

Based on current sentiments, there's so much bargain out there.

Choose wisely and all the best!

Meow..

Posted by mohawk > 2020-02-10 11:42 | Report Abuse

The last company hadian lead sona going no way. This is his next. Pray hard he can turn icpn around. Me too is praying bcoz i also subscribe

Posted by Yang Addison > 2020-02-10 12:56 | Report Abuse

RI when listing？

Posted by Mabel > 2020-02-10 15:20 | Report Abuse

20th February 2020

Posted by Undi_PAS > 2020-02-10 15:44 |

Post removed.Why?

Posted by whiteasianigga > 2020-02-10 16:45 | Report Abuse

hmm... noobie here. can anyone help explain to me? or my question too dumb for this forum...

03/02/2020 5:06 PM

Hi, can please let me understand what has happened?

Share consolidation of 50 shares at 3.5 sen each = RM1.75 prior at around the time the consolidation supposed to happen.

How come from RM1.75 straight drop to 42 sen on January 22? I thought buy sell should reflect the consolidated price & consolidated number of shares available.

Now at 25 sen only, it means market valuing it at 0.5 sen (per unconsolidated share). Before consolidation valued at 3.5 sen. What is this?

Posted by Michael Kwok > 2020-02-10 16:49 | Report Abuse

Its reflect on the number of shares investor hold.When there check back,why I have so few number of shares held.I do not hold any by the way.0.

Posted by anzo888 > 2020-02-10 17:15 | Report Abuse

perhaps this will help, whiteasianigga. yes, once it has consolidated, it should have been rm1.75. However, u didnt take into account the rights isssue was also ex on the same day.

Posted by anzo888 > 2020-02-10 17:17 | Report Abuse

The ex price was supposed to be 12 sen. Hence, the closing price of 42 sen on that day was actually a limit up day., from 12 sen to 42 sen

Posted by anzo888 > 2020-02-10 17:19 | Report Abuse

Fyi, the 25 sen traded now is still up 100% compared to the ex price. When the rights are listed on 20/2, no way u will still get 25 sen

Posted by anzo888 > 2020-02-10 17:21 | Report Abuse

There is still a possibilty that the operators will push higher, given the small numbers of shares in the market now. However, please note that the run up, if any, will not last till 20/2.

Posted by anzo888 > 2020-02-10 17:23 | Report Abuse

if i were in yr shoes, i WILL DEFINITELY SELL upon any run up. Anyway, if there is no run up, i will still sell as the HUGE rights shares will definitely push the price down.

Posted by DickyMe2 > 2020-02-10 17:25 |

Post removed.Why?

Posted by Quickgain > 2020-02-10 17:31 | Report Abuse

With the deteriorating in political front, I think market will retreat broadly in all counters !!!!! Avoid all polictical link counters for time being. This will be bad ,bad ,bad boy, what to do ? I have pre warn so many time quickly sell before or after ex consolidated but nobody listen to me. I can say all existing share holders for sure heavy loss more than 80%of their initial investment. Only those new investors who bought OR from market might make some money from warrant, but also not guarantee !!! I predict right issue will trade between 10 to 12 Sen for few months and warrant 0.005 to 0.01 Sen........for this year .

Posted by ferdtwh > 2020-02-10 18:13 | Report Abuse

Adui, I already put in close to rm20k last time, after consolidation, worth close to 0 already....today just in already rm5k for rights.....total rm25k.......my rm5k is hoping to get back some losses from previous rm20k......god bless.......

Posted by IbnuShaari > 2020-02-10 18:51 | Report Abuse

I doubt ICON going to turn around in the near term. With 47mil shares, it is dangling 0.20-0.25cents. What do we expect with 4bil share entering the market adding with the current economic and pandemic situation? If you wish to get your money stuck for long period and hoping for return for the long run, you may put the money and keep praying so that the company is not winding-up, PN4 or PN17.

Posted by Mabel > 2020-02-10 19:53 | Report Abuse

https://www.theedgemarkets.com/article/low-valuation-oil-and-gas-stocks-persists

It's not only ICON, it's affecting all sectors except for Healthcare. My Gloves and Health Care companies are currently doing great.

Look at all the Big Names in the above article. They are affected too.

Oil price drop because of demand but once the crisis is finished, the demand will up back.

Meow..

Posted by DickyMe2 > 2020-02-10 19:59 | Report Abuse

That does mean ICON will do good!

Posted by Mabel > 2020-02-10 20:10 | Report Abuse

Time will tell...

If you want to be safe just put your money in FD.

Please scroll up what I have already share. It's actually your call.

Only invest when you understand the business. Don't blame everything on markets, other traders or bad luck. At the end of the day, you are making the investments.

Meow...

Posted by ferdtwh > 2020-02-10 20:12 | Report Abuse

I have no choice but subscribed, if I give up the rights, it will take forever to get back my initial investment based on my mother shares left in hand.....

Posted by ferdtwh > 2020-02-10 20:14 | Report Abuse

After 20Feb, if its price at below 0.105, it means I had wasted my time to go to bank to do bank draft, bought stamp from post office and handover to symphony office today......since I can buy below 0.105 after 20Feb.........

Posted by ferdtwh > 2020-02-10 20:17 | Report Abuse

To say whether icon is heading to PN17 will depend on how they can improve their debts level this time.....profit is improving, supposedly, asset is more than liabilities, and still having over than 20mil.cash.......

Posted by MB Alife > 2020-02-10 20:53 | Report Abuse

a rouge management can never run a company.

Posted by DickyMe2 > 2020-02-10 20:57 | Report Abuse

"Posted by MB Alife > Feb 10, 2020 8:53 PM | Report Abuse
a rouge management can never run a company."

A quote worth of gold.
They can be a monopoly in the greatest business on earth but when those leading it are half past sixers, it's bound to "sembah tanah".

We have many examples in GLCs.

Posted by Mabel > 2020-02-10 22:48 | Report Abuse

Benchmarking

This is what has happened in Armada before

@0.215, buy call. Skeptics said PN17 and high debt.

@0.255, buy call. Skeptics said PN17 and high debt.

@0.295, buy call. Skeptics said PN17 and high debt.

@0.325, buy call. Skeptics said PN17 and high debt.

@0.355, buy call. Skeptics said PN17 and high debt.

@0.410, buy call. Skeptics said PN17 and high debt.

# 0.55, buy call. Skeptics said PN17 and high debt.

FYI, Armada is sitting in P2 in my Fleets of 13 Fossil Fuel Battleships in term of margin..

Those that invested in this company from Q119, would have made 300% Profits..

Posted by Mabel > 2020-02-10 22:56 | Report Abuse

Once a father wanted to give a very old watch (200 years) to his son. His father got it from his grand father

Before he gave the watch to his son he told his son to take the watch and go see a watchmaker and ask watchmaker how much he is willing to buy from his son

The watchmaker said, "5 dollars"

The father then told the son to go see coffee shop boss and ask how much coffee shop boss willing to buy?

Coffee shop boss offered One dollar

Then the father asked the son to go ask a museum how much they willing to pay for the 200 years old watch

The museum offered One Million Dollars

I think no point telling people about ICON if they cannot discern it's real value

Late last year, I attended a Charity Golf since I wanted to donate some of my winnings to charity. Despite the uncertainly with Trade Wars, some of my stock picks has exceed beyond my expectation. So it's time to give back.

Here's the best part, I always wanted a Golf Watch, God gave it to me through this Charity Golf..I won it as a prize...

Sometime you can only see real value when you put your stake in it...

Meow..

Posted by sylvester89 > 2020-02-10 23:41 | Report Abuse

Mable: Back to your Question,

For the OR, Mine is already in my Share Portfolio
For Free Warrant, it's still not in. But I'm sure it will be in the system by the listing date which is on the 20th February. From Serba Dinamik Right Issues Exercises, the warrant opens at 60 sen on the 1st day trading. Now it is trading about 40 with a Target Price of RM 1 by the end of this year.

Just call your IB or remiser. They can check it for you.

Meow...

Hi Mable the day I saw the OR is inside my share portfolio but after a week when i try to see again and the OR is totally missing from my share portfolio how come ya? I feel very confused as this is my 1st time encounter share consolidate and right issue.

Well....I can't wait for the 20 Feb my heart is running fast lol...let's hope after the de-listing done the price will capture around RM 0.20 cent and above last time Icon 1st price was at RM 94 back to 2014 and in 2018 the price at RM 4+.

I feel the Icon company can be up because it's has something like to government as well. xD

Thanks
Your Sincerely
Sylvester

Posted by Mabel > 2020-02-11 08:56 | Report Abuse

Sure Sylvester,

Just call your IB or remiser. They can fix this for you.

Mine is still in my Share Portfolio. Looking forward to see the free warrant too in due time.

Meow..

Posted by anzo888 > 2020-02-11 09:08 | Report Abuse

For the icon hopefuls, first the good news n then the bad.

Posted by anzo888 > 2020-02-11 09:09 | Report Abuse

good news..... icon Will NOT fall into PN17 in the next 2 or 3 yrs,

Posted by anzo888 > 2020-02-11 09:10 | Report Abuse

bad news..... NO WAY the share price will be 20 sen and above in the first few weeks after 20/2.

Posted by anzo888 > 2020-02-11 09:12 | Report Abuse

one will be damn lucky to get 12/13 sen. That would means lot of profits considering the warrant will trade at 3/4 sen if mother share is 12/13 sen