Posted by JamesPond > 2017-04-04 10:45 | Report Abuse

bluedolphine..doubt so. UMWOG announcement dated 19.01.17..Section 2.2,and 6.1 ..424,635,175 UMWOG shares to be issued for ICON MGO (679,416,280 ICON shares). For every 1,600 ICON shares you get 1,000 UMWOG shares. At current UMWOG price of 0.63, ICON is worth 0.395. Another way of looking at it, at current ICON price of 0.475, then UMWOG has to go up to 0.76. If the proposal materialise at current offer conditions, then IMHO, I think better to sell 1600 ICON shares at 0.475 =RM760 and buy 1200 UMWOG shares at 0.63(RM756) than to wait for MGO where you get only 1,000 UMWOG shares.

Plse this is only my opinion, not encouragement to buy or sell..buy or sell your own decision.

Posted by Rowie > 2017-04-20 20:37 | Report Abuse

Guys , check UMWOG bursa disclosure
Due deligence extended further, may have problems
Good luck

Posted by Jay > 2017-04-26 09:16 | Report Abuse

something is wrong for price to fall like that. deal may be revised or cancelled

Posted by limch > 2017-04-26 09:23 | Report Abuse

Why Icon O&G merger can be a failure with Datuk Abdul Rahman Ahmad PNB CEO behind?

Posted by limch > 2017-04-26 09:32 | Report Abuse

Datuk why you have no say as PNB CEO?

Posted by limch > 2017-04-26 09:33 | Report Abuse

How about Petronas call for O&G merger a failure?

Posted by Calum Fire > 2017-04-26 09:33 | Report Abuse

Everything put on hold it seems

Posted by limch > 2017-04-26 09:35 | Report Abuse

Maybank was around when merger created. So Maybank cannot be trusted also?

Posted by limch > 2017-04-26 09:37 | Report Abuse

Because of Maybank I get to know Icon. Can I sue them for my losses here?

Posted by speakup > 2017-04-26 09:40 | Report Abuse

Icon going back to 10sen?

Posted by limch > 2017-04-26 09:43 | Report Abuse

Tabung Haji bought a lot recently. Their money go to drain again?

Posted by calvintaneng > 2017-04-26 09:43 | Report Abuse

Trust no one except doing your own careful research.

Those who bought blindly will now kena knock down and fall down kaw kaw!!

Posted by KenLui > 2017-04-26 09:47 | Report Abuse

mati lah kali ini

Posted by limch > 2017-04-26 09:48 | Report Abuse

UMWOG seem to go up. Any hope in our exchange in UMW OG share if merger successful?

Posted by BN_menang > 2017-04-26 10:09 | Report Abuse

You conmankah? Even CI 1500 Icon lowest is only 25 sen.

speakup Icon going back to 10sen?
26/04/2017 09:40

Posted by BN_menang > 2017-04-26 10:10 | Report Abuse

CI 2 yr high Icon should be 60 sen more correct.

Posted by BN_menang > 2017-04-26 10:14 | Report Abuse

Datuk Abdul Rahman you create Ekuinas and Icon so you must rescue it.

Posted by BN_menang > 2017-04-26 10:17 | Report Abuse

After market close can Datuk clarify what's going with Icon-UMW OG merger?

Posted by BN_menang > 2017-04-26 10:23 | Report Abuse

Why not revise merger 1 UMW OG for 1 Icon share?

Posted by BN_menang > 2017-04-26 10:26 | Report Abuse

Who throw and who collect today? Myself collect more.

Posted by BN_menang > 2017-04-26 10:28 | Report Abuse

When announce merger 50 sen cash is assured so today drop mean cancel?

Posted by yesyesyes > 2017-04-26 10:36 | Report Abuse

dont panic BN_menang .. calm calm ..

Posted by BN_menang > 2017-04-26 10:39 | Report Abuse

If really no money(50 sen cash) to pay for merger why not share swap merger(1 UMW OG for 1 Icon)?

Posted by BN_menang > 2017-04-26 10:46 | Report Abuse

Latest QR Icon revenue at par with UMW OG revenue. Why different in market cap?

Posted by jayalbert > 2017-04-26 11:10 | Report Abuse

a sad case of a sure deal now becomes uncertain.. who to blame..

Posted by bjgdila123 > 2017-04-26 12:02 | Report Abuse

sell now anytime below 0.15

Posted by limch > 2017-04-26 15:14 | Report Abuse

Where is Ms SH Quah? Isn't you dislike merger since you said maximum Icon can go is 50 sen? Now if merger off why drop instead?

Posted by sheep > 2017-04-26 15:22 | Report Abuse

sell. bo chow cccccccccc rrrrrrrrrrrr

Posted by Cimbnet > 2017-04-26 17:42 | Report Abuse

Don't panic. Best chance to grab at discount

Posted by davidvestor > 2017-04-26 18:29 | Report Abuse

deal likely off, sell b4 too late

Posted by confuse > 2017-04-26 20:51 | Report Abuse

Which i3 forumers sold today? speakup? sheep? Jay? Why posts here if no connection?

Posted by confuse > 2017-04-26 21:02 | Report Abuse

Why Star news so powerful? No Bursa announcement or even Edge news can cause Icon to drop so much.

Posted by confuse > 2017-04-26 21:04 | Report Abuse

Yesterday and day before very hard even q so long at 47 sen cannot get why Star news make it so easy to buy today?

Posted by confuse > 2017-04-26 22:07 | Report Abuse

Is it lenders' approval required or UMW OG minority shareholders approval as Star mentioned?

Posted by noah > Mar 5, 2017 01:29 PM | Report Abuse
offshore: This stock rallied because it is valued at 50 sen in the proposed merger. Imagine if the merger can't proceed, the price sure drop. Noted that the proposal has condition precedents, one of them is lenders' approval. In addition, sometime, if there is any findings in the due diligence, that 50 sen value can be revised
02/03/2017 16:49

---------
Please read the announcement conditions in detail.

The parties acknowledge that if UMW-OG and/or HOSB does
not issue the notice that the due diligence is satisfactory, and
does not otherwise notify the other party that the due diligence
is not satisfactory within four (4) weeks from 2 February 2017,
the Conditions Precedent relating to due diligence are deemed
fulfilled.

noah
202 posts
Posted by noah > Mar 5, 2017 01:30 PM | Report Abuse

so as of now in view of there is no due diligence update.
by 2 Mar 2017
the due diligence are deemed fulfilled.


Posted by noah > Mar 6, 2017 11:18 AM | Report Abuse
don't think there will be any issue with lender's approval for this case.
it's Ekuinas & PNB after all. just like left hand to right hand.
if other corporation then yes there would be a higher risk.

Posted by poorkid > 2017-04-27 01:28 | Report Abuse

You poor people like myself only got money to buy PUC. Icon too expensive for you not qualified to talk here.

Posted by cooling > Apr 27, 2017 12:48 AM | Report Abuse
insider said may revise price to 0.28 only

Posted by BN_menang > 2017-04-27 02:18 | Report Abuse

Cover Story: Wan Zul on consolidation and ‘loading’ capable Malaysian companies with jobs
http://www.theedgemarkets.com/article/cover-story-wan-zul-consolidation-and-%E2%80%98loading%E2%80%99-capable-malaysian-companies-jobs

Posted by bjgdila123 > 2017-04-27 08:35 | Report Abuse

lagi jatuh ka .......

Posted by jayalbert > 2017-04-27 08:37 | Report Abuse

lagi jatuh lagi gua kasi angkat..

Posted by Cimbnet > 2017-04-27 10:25 | Report Abuse

0.47 for so long, now tak mau angkat ka?

Posted by oasischeah > 2017-04-27 14:21 | Report Abuse

If deal id off, poor ICON maybe worst than 25 cents.

Posted by bjgdila123 > 2017-04-27 22:25 | Report Abuse

lambat lagi mau naik jual dulu

Posted by limch > 2017-04-28 04:25 | Report Abuse

Lu ada berapa saham lagi mau jual?

Posted by bjgdila123 > Apr 27, 2017 10:25 PM | Report Abuse
lambat lagi mau naik jual dulu

Posted by limch > 2017-04-28 09:26 | Report Abuse

Once again proven Maybank is worst IB.

Posted by limch > 2017-04-28 09:27 | Report Abuse

Only Maybank do coverage on Icon.

Posted by Cimbnet > 2017-04-28 09:38 | Report Abuse

Market irrational ma. Panic sell now then buy back higher later.

Posted by davidvestor > 2017-04-28 09:39 | Report Abuse

slaughter of the lamb.. cut loss quick, UMWOG is going up.. strong signal.

Posted by limch > 2017-04-28 10:00 | Report Abuse

Because of your comments in Gtronic. He knew you very well.

Posted by cooling > Apr 28, 2017 09:39 AM | Report Abuse
poorkid...u dont believe me u buy more ...hahaha

Posted by limch > 2017-04-28 10:07 | Report Abuse

Agree. Question is who need who more? I see UMW OG revenue about same like Icon why market capitalisation so much different?

Posted by Cimbnet > Apr 28, 2017 09:38 AM | Report Abuse
Market irrational ma. Panic sell now then buy back higher later.

Posted by limch > 2017-04-28 10:45 | Report Abuse

If merger difficult why not ask PNB buy Icon directly? After all Datuk Abdul Rahman Ahmad created Ekuinas who own Icon and now he is PNB CEO.

Posted by limch > 2017-04-28 10:53 | Report Abuse

If judge on QR UMW OG is not cheap or beautiful(price) to be courted.