Posted by Oil_n_Gas > 2017-01-19 21:29 | Report Abuse

Should be 1 UMW OG for 1 Icon since Icon is profitable but not UMW OG.

Posted by Rowie > 2017-01-19 21:30 | Report Abuse

Better then before

Posted by kukubird88 > 2017-01-19 21:32 | Report Abuse

So icon will delist and then convert to zzzog

Posted by mfbs > 2017-01-19 21:43 | Report Abuse

Tomorrow que selllllllll 50 cent

Posted by bleuerouge > 2017-01-19 21:47 | Report Abuse

OngLai88, we need to top up 30c to buy UMW-OG 80c plus free wa?

Posted by arcadicus > 2017-01-19 21:50 | Report Abuse

more cash to buy the UMW-OG rights with free warrant.

Posted by newbie8811 > 2017-01-19 21:58 | Report Abuse

how about if i still owned 400lot @ RM1.6? How to convert based on RM0.50 to RM0.80 UMW OG?

Posted by OngLai88 > 2017-01-19 23:48 | Report Abuse

UMW-OG value is 0.80, ICON value is 0.50. 400 lots ICON = 400 X 0.625 = 250 UMW-OG. Correct me if I am wrong.

Posted by OngLai88 > 2017-01-19 23:50 | Report Abuse

Posted by bleuerouge > Jan 19, 2017 09:47 PM | Report Abuse

OngLai88, we need to top up 30c to buy UMW-OG 80c plus free wa?

--------------------------------------------------------------------
UMW-OG Rights with free warrant price not yet set. Has to wait for ICON MGO to complete then only got rights issue for UMW-OG.

Posted by Andy88 > 2017-01-20 00:26 | Report Abuse

Sky is the limit. Umwog as mother will bring her son icon to fly together. Merging sure bring benefit for umwog and icon, 2017 is o&g theme play. Umwog want increase the market cap and value to beat other oil stock. Mark my word

Posted by calvintaneng > 2017-01-20 00:36 | Report Abuse

Don't be stupid

UMW & MMC both discarded their O&G operations as they see further damage coming!

See

http://www.thestar.com.my/business/business-news/2017/01/19/umw-to-exit-oil-and-gas-sector-distribute-umw-og-shares/

http://www.thestar.com.my/business/business-news/2017/01/19/mmc-disposes-mmc-oil-and-gas-engineering-for-rm50mil/

Reason for disposal

the oil and gas industry worldwide is presently facing a downturn where the prolonged lower oil price has hit the industry hard.”

Better clear all your icon shares into strength and don't look back!

Posted by Khar Hue > 2017-01-20 00:54 | Report Abuse

So , the icon shareholder got 2 choose right ?
(1) is SELL icon in rm0.50 price
(2) is turn to umwog with x0.625 with ur quantity of icon share

So why need top up $ to buy ah share , until now still dont understanding, can av 1 explain it , thanks

Posted by faizkl > 2017-01-20 00:57 | Report Abuse

Don't believe this calvintaneng comment, if you read in DRB HICOM klse forum, you will know why..

Posted by Oil_n_Gas > 2017-01-20 03:12 | Report Abuse

Agree. He has been proven wrong time and again in Hibiscus since below 20 sen.

Posted by faizkl > Jan 20, 2017 12:57 AM | Report Abuse
Don't believe this calvintaneng comment, if you read in DRB HICOM klse forum, you will know why..

Posted by John Lu > 2017-01-20 08:33 | Report Abuse

See my 2017 stock pick...icon in the list

Haha...low life Calvin now rank 142...how you want to chase me? Hello...I am top 10 currently la.

Posted by Zero / Five > 2017-01-20 08:49 | Report Abuse

which mean icon share is not 1:1 to umwog??? sorry please correct me i'm new here

Posted by helenvoon > 2017-01-20 08:55 | Report Abuse

disappointing takeover price :( much lower than rumours. will sell all icon shares and buy TDM. my crystal ball told me that we will see handsome return within 49 days :)

Posted by mfbs > 2017-01-20 09:07 | Report Abuse

I love u helenvoon

Posted by OngLai88 > 2017-01-20 09:10 | Report Abuse

helenvoon, will follow your crystal ball. Tq.

Posted by BN_menang > 2017-01-20 09:14 | Report Abuse

After Icon Alam could be next O&G merger target? PBV only 0.28 among O&G ctr lowest.

Posted by speakup > 2017-01-20 09:15 | Report Abuse

ICON very lucky because got Equinas. If not because of Equinas, any other company would have collapsed and delisted because of the scandal like ICON that forced it's CEO Jamal to resign.

Posted by Pavillion > 2017-01-20 09:15 | Report Abuse

Umwog will screw Icon.

Posted by helenvoon > 2017-01-20 09:17 | Report Abuse

nta of icon is >0.60, wonder if the takeover price of 0.50 is acceptable to the existing stakeholders

Posted by bleuerouge > 2017-01-20 09:18 | Report Abuse

can go up 50c today

Posted by speakup > 2017-01-20 09:18 | Report Abuse

ALAM is financially more sound & stable than ICON. But UMWOG chose ICON instead of ALAM because ICON has GLC Equinas as major shareholder. UMWOG is a GLC need to help another GLC. This is "national service". ALAM got who?

Posted by speakup > 2017-01-20 09:20 | Report Abuse

helenvoon, considering that ICON is financially so weak, 50sen is already a VERY GOOD DEAL!

Posted by BN_menang > 2017-01-20 09:25 | Report Abuse

No. If those buy IPO and hold until today cry until no tears.

speakup helenvoon, considering that ICON is financially so weak, 50sen is already a VERY GOOD DEAL!
20/01/2017 09:20

Posted by BN_menang > 2017-01-20 09:27 | Report Abuse

We want to hear what Tabung Haji will say abt the merger.

Posted by Jay > 2017-01-20 09:37 | Report Abuse

ipo price was 1.85, but that's history. don't forget just a few weeks ago is around 35c

Posted by persie > 2017-01-20 09:43 | Report Abuse

Almost 99% of stocks in malaisie are below their ipo price. Suckssss ...

Posted by BN_menang > 2017-01-20 09:46 | Report Abuse

Now UMWOG fall below 80 sen how can accept share exchange?

Posted by arcadicus > 2017-01-20 09:52 | Report Abuse

ill take cash from umwog @ 50c....

Posted by BN_menang > 2017-01-20 09:52 | Report Abuse

So become a rule if buy IPO must sell on first day listing?

persie Almost 99% of stocks in malaisie are below their ipo price. Suckssss ...
20/01/2017 09:43

Posted by Pavillion > 2017-01-20 09:57 | Report Abuse

Sell today is a good idea...just in case U turn....Malaysia famous with U turn.

Posted by Pavillion > 2017-01-20 09:58 | Report Abuse

Won't exceed 50sen.

Posted by BN_menang > 2017-01-20 09:59 | Report Abuse

UMW OG lausai.

Posted by bleuerouge > 2017-01-20 10:02 | Report Abuse

@Pavillion, yes I think so, the cap is at 50c..

Posted by BN_menang > 2017-01-20 10:06 | Report Abuse

Those holding 1 Icon can get 1 UMWOG share? How can price UMWOG at 80 sen when pirice drop below 80 sen?

Posted by jayalbert > 2017-01-20 10:08 | Report Abuse

let's do a very simple Standard 1 calculation here.. we'll eventually get 50 c based on the takeover price; n now the price is 47 c; so the return is 3 c, wouldn't that i called free money?

Posted by firehawk > 2017-01-20 10:08 | Report Abuse

Ha Ha ha ...

Posted by jayalbert > 2017-01-20 10:09 | Report Abuse

ni mingbai ma?

Posted by arcadicus > 2017-01-20 10:17 | Report Abuse

why u want to sell now @ 46c... when u can actually get 50c later...???

Posted by jayalbert > 2017-01-20 10:17 | Report Abuse

@arcadicus, that's precisely what i m saying..

Posted by bleuerouge > 2017-01-20 10:23 | Report Abuse

@jayalbert, correct!!. but maybe some ppl just can't wait and want to cash out BiG for exclusive NY.

Posted by jayalbert > 2017-01-20 10:24 | Report Abuse

@bleuerouge, u r indeed correct; those who threw this morning were those who bought quite cheap; so no harm throwing as they'll get thousands of cash in a couple of days.. c the volume thrown at 46.5 c, relatively small quantity, indicating these r retail players

Posted by jayalbert > 2017-01-20 10:26 | Report Abuse

the more they throw, the more i collect, free money ma.. no one will want to give us free money, except we look for it

Posted by stockkids > 2017-01-20 10:28 | Report Abuse

46.5c / 47c still good to go in?

Posted by HeartBreakKid > 2017-01-20 10:28 | Report Abuse

Sifu calvintaneng is here too. Guys sifu calvintaneng has warned about Hibiscus shares and it has been on the downtrend. Please listen to calvintaneng, he is the savior HOWEVER i will only take his advice for sell call not for buy call. Stay HAPPY and CHEERS!!

Posted by PeterNg > 2017-01-20 10:30 | Report Abuse

It convert all the ICON share to OMWOG? Correct.
1 Share ICON cost 0.5 to 1 Share OMWOG cost 0.8

Posted by sheep > 2017-01-20 10:30 | Report Abuse

keep for 9 months and collect 50sen each. better than fd