Posted by azhanmatnordin > 2020-02-11 09:32 | Report Abuse

Buy in 0.875..loss few hundred buck,no choice need to subs OR.

Posted by DickyMe2 > 2020-02-11 09:36 |

Post removed.Why?

Posted by Mabel > 2020-02-11 09:56 | Report Abuse

Beside the watchmaker, Coffee shop boss and the museum, we also have the POM POM Gals...they enjoy cheering at the sideline ...

Meow...

Posted by whiteasianigga > 2020-02-11 15:37 | Report Abuse

thanks anzo888, I understand now. Cheers

Posted by ferdtwh > 2020-02-11 20:25 | Report Abuse

Any target price on or after 20Feb ? My target price is rm0.6

Posted by CharlesT > 2020-02-11 20:54 | Report Abuse

Yr tp 0.60 or 0.06?

Posted by freddiehero > 2020-02-11 21:17 | Report Abuse

wah.. nice tp

Posted by ferdtwh > 2020-02-11 21:29 | Report Abuse

Be optimistic, anything can happen bro.....cheers

Posted by CharlesT > 2020-02-12 08:29 | Report Abuse

might as well put TP Rm6...

at least can laugh in yr dreams

Posted by ferdtwh > 2020-02-12 09:16 | Report Abuse

Issue Size : Up to 588,592,550 Rights Warrants.
Form and
denomination
: The Rights Warrants will be issued in a registered form and
constituted by the Deed Poll.
Exercise Period : The Rights Warrants may be exercised at any time within a
period of 8 years commencing on and including the date of
issuance of the Rights Warrants (“Rights Warrants’ Issue
Date”) and ending on the close of business at 5.00 p.m. on the
last Market Day immediately date preceding the date which is
the 8th anniversary of the Rights Warrants’ Issue Date.
Mode of exercise : The registered holder of the Rights Warrants is required to lodge
a duly completed and signed exercise form, as set out in the
Deed Poll, with our Share Registrar together with the payment
of the Exercise Price by way of banker’s draft or cashier’s order
drawn on a bank operating in Malaysia or a money order or
postal order drawn on a bank or a post office in Malaysia in
accordance with the Deed Poll.
Mandatory
conversion
: Any Rights Warrants which are not exercised during the
Exercise Period will thereafter lapse and cease to be valid for
any purpose.
Exercise Price : RM0.165 subject to adjustments in accordance with the
provisions and conditions of the Deed Poll.

Posted by ferdtwh > 2020-02-12 09:16 | Report Abuse

Exercise Rights : Each Rights Warrant carries the entitlement, any time during the
Exercise Period, to subscribe for 1 new Icon Share, at the
Exercise Price in cash, subject to adjustments in accordance
with the provisions and conditions of the Deed Poll.
Board Lot : For the purpose of trading on Bursa Securities, 1 board lot of the
Rights Warrants shall comprise of 100 Rights Warrants carrying
the rights to subscribe for 100 new Icon Shares at any time
during the Exercise Period, unless otherwise revised by the
relevant authorities.
Ranking of
Exercised Shares
: The Exercised Shares will, upon allotment and issuance, rank
equally in all respects with the Icon Shares, save and except that
the Exercised Shares will not be entitled to any dividends, rights,
allotments and/or other forms of distribution where the
entitlement date of such dividends, rights, allotment is before the
issue date of the Exercised Shares.
Participating rights of
the holder of the
Rights Warrants
: The Rights Warrants holders are not entitled to vote in any
general meeting or to participate in any distribution other than on
winding-up, compromise or arrangement or offer of further
securities unless and until the holder of the Rights Warrants
becomes a shareholder by exercising his/her Rights Warrants
into new Icon Shares.
Adjustments in the
Exercise Price
and/or number of
unexercised Rights
Warrants
: The Exercise Price and/or number of unexercised Rights
Warrants shall from time to time be adjusted by the Board in
consultation with licensed investment bank and/or certified by
our Company’s auditors under certain circumstances, amongst
others, in the event of alteration to our Company’s share capital,
capitalisation of profits or reserves, capital distribution or issue

Posted by ECGC > 2020-02-12 11:08 | Report Abuse

Still pending..

Posted by ECGC > 2020-02-12 11:19 | Report Abuse

Still not receive shares bought before designated..ask broker, still pending bursa..

Posted by jaynetan > 2020-02-12 12:04 | Report Abuse

yes ,
some encountered problem
there is a possibility of cash settlement

Posted by ECGC > 2020-02-12 12:29 | Report Abuse

No official news from bursa..my broker still waiting..thanks jaynetan...bcos of icon case, i download and check bursa's rules...buy in, cash settle, shortsell, oversold...etc

Posted by jaynetan > 2020-02-12 13:08 | Report Abuse

This case very unique.
Passed experience n cases settled accordingly n swiftly.
Well, we can say nothing

Posted by Mabel > 2020-02-12 17:56 | Report Abuse

Not bad...

Bursa down more than 8 points...

My Royal Fortune ICON up more than 4%

Meow...

Posted by CharlesT > 2020-02-12 18:14 | Report Abuse

Countdown for 0.10+ soon..another 7 days to go...20 feb..

Meow

Posted by GooShem > 2020-02-12 18:15 | Report Abuse

Countdown for 0.04+ soon..another 17 days to go...27feb..

Meow

Posted by Mabel > 2020-02-12 18:16 | Report Abuse

Keep Cheering CharlesT!

Meow..

Posted by Mabel > 2020-02-12 18:23 | Report Abuse

Keep cheering Gooshen

Meow!

Posted by ferdtwh > 2020-02-12 20:53 | Report Abuse

After 20feb sure above 0.105.....otherwise for what they selling rights to us at 0.105

Posted by GooShem > 2020-02-13 12:05 | Report Abuse

plunge 18%.

Posted by CharlesT > 2020-02-13 12:14 | Report Abuse

meow

Posted by Mabel > 2020-02-13 13:54 | Report Abuse

Keep cheering Pom Pom boys..

Meow..

Posted by IbnuShaari > 2020-02-13 15:04 | Report Abuse

Today price 0.21sen, 20th Feb is just around the corner and RI will soon join the mother. I believe those who still holding mother will be thinking to clear position while only 47mil shares in the market before 4bil RI join them. Eager to see whether the price would be above 0.20sen with so much volume in the market.

Posted by gambler9828 > 2020-02-13 15:33 | Report Abuse

hahaha

Posted by Mabel > 2020-02-13 16:09 | Report Abuse

My benchmarking is Alam..

Anything more is a bonus..

Meow..

Posted by anzo888 > 2020-02-13 16:13 | Report Abuse

4 more days [excluding today] to go b4 RI listed. Small possibility of a push b4 listing has now become tiny possibility.

Posted by QQflying > 2020-02-13 17:27 | Report Abuse

this stock no more hope in this year

Posted by Bossku77 > 2020-02-13 17:31 | Report Abuse

@QQflying excuse me did you say in this year? come on we know this stock is over just zao leave it byeeeeeee

Posted by Seek > 2020-02-13 19:17 | Report Abuse

Cheers Mabel. Over subscription by 20%! 400mi rights oversubsribed.

Posted by Mabel > 2020-02-13 19:48 | Report Abuse

@Seek Cheers Mabel. Over subscription by 20%! 400mi rights oversubsribed.
13/02/2020 7:17 PM

Brilliant Seek!

Thanks for sharing. This is really good news.

Bravo to those that has the courage to take the next step to be part of this company journey..

Meow...

Posted by jaynetan > 2020-02-13 19:59 | Report Abuse

ECGC.
I supposed yours cash settlement, at your advantage

Posted by ferdtwh > 2020-02-13 20:49 | Report Abuse

By the time I submitted cheque on last day 10Feb, asked counter whether many subscribe or not, the guy answered many, either from post or handover...... really surprised for this respond at times like this........

Posted by ferdtwh > 2020-02-13 20:50 | Report Abuse

See u at rm 0.50

Posted by T800Terminator > 2020-02-13 22:14 | Report Abuse

0.50 x 2.8B share issued? Company worth 1.4B? You must fail your mathematics

Posted by foongkitmun > 2020-02-13 22:36 | Report Abuse

Heard that ICON OR over subscribe...not sure if it’s true.

Posted by Quickgain > 2020-02-13 23:34 | Report Abuse

Retailers part was actually under subscribe by 500 million shares, that mean 80% did not take up the offer. In another word from now onward the NEW share holders will control Icon.

Posted by Quickgain > 2020-02-13 23:52 | Report Abuse

Next few days we shall know who actually applied that 1 billion excess shares. If bulk of it is from major shares holders then the price will not fall below 10.5 Sen. But if this 500 million shares is taken up by new "OR kaki" then you got to very careful because their cost is less than 10.5 Sen if take into consideration of free warrant.

Posted by jaynetan > 2020-02-14 00:36 | Report Abuse

Incorrect

Posted by ferdtwh > 2020-02-14 06:59 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/02/13/icon-offshore-raises-rm247m-from-rights-issue

Posted by ferdtwh > 2020-02-14 07:00 | Report Abuse

KUALA LUMPUR: Icon Offshore Bhd, an owner and operator of one of the largest fleet of offshore support vessels (OSV), raised RM247.21mil from its rights issue which was part of its debt restructuring exercise and provided the funds for its future growth.

The company announced on Thursday the rights issue was oversubscribed by 19.87% of the maximum intended gross proceeds of RM247.21mil and by 61.93% of the minimum intended gross proceeds of RM183mil.


It said the strong response to the rights issue underscored the strong and full support from shareholders.

Icon managing director Datuk Seri Hadian Hashim said the rights issue was an important element of its debt restructuring exercise, which woul enable Icon to complete the overall debt restructuring exercise before the end of its first quarter this year.


The funds raised will be used to pare down the debt as well as for working capital and capex for future growth, he said.

Posted by ferdtwh > 2020-02-14 07:02 | Report Abuse

Rights subscription result boleh tahan la........

Posted by Mabel > 2020-02-14 08:09 | Report Abuse

Looking good. Looking forward to be part of this company future success stories..

Meow..

Posted by Quickgain > 2020-02-14 09:01 | Report Abuse

Need to analyse WHY only 77% of offers was taken up by existing share holders.

Posted by Quickgain > 2020-02-14 09:15 | Report Abuse

505 million of 10.5sen not taken up by share holders, you think who will offer higher than 10.5 from market ?????

Posted by jaynetan > 2020-02-14 09:23 | Report Abuse

Quickgain Need to analyse WHY only 77% of offers was taken up by existing share holders.

14/02/2020 9:01 AM


what for? man come man go.

Posted by DickyMe2 > 2020-02-14 09:26 |

Post removed.Why?

Posted by Quickgain > 2020-02-14 09:43 | Report Abuse

My posting is NOT relevant to senior players as they are aware n fully understand the game of market. My intention is strictly or directly to many not very experience players who just listen here n there. I still think the risk of Icon is going up since only 77% of offers are taken up by existing share holders.