this counter really weird, it is dropped from 0.07 to 0.02 cents when KLCI is 1400+ to 1200+, now KLCI already recovered back where it started to drop badly. Unfortunately, DGB still sleeping never wake-up. Other so-called sicked-counter like ICON, ALAM which billion of shares flooding the market even perform much better, now back to 0.07 cents along with KLCI recovery... don't know what to say about this counter

As of date-time 3.30 pm 74mil shares exchanged hands with only a single price 0.025 cents.

As of date-time 3.30 pm 74mil shares exchanged hands with only a single price 0.025 cents.

Trader66 and dmksn- thanks for the info. Their game is to trap ikan bilis like us and to make us give-up and out of the game. Then they perhaps will smile with a big face. I also thinking of liquidating and switch to another counter.

Looks like the big shark purposely wanted the price dangling around 0.02,0.025 and 0.03. Small fish got at 0.02 due to force-selling. Retailers like us will get stuck and those who have no passion will liquidate at 0.025 whenever got chance.

really wondering who is the player that keeps selling and keep buying in such a huge volume daily, and the worst thing is the price is not moving at all. It looks like they block at 0.02 for not moving down further, and block at 0.03 for not moving up further...

With the experience of MCO, the only bright prospect of business is only Technology Company. The reason is with experience of WFH during MCO, many companies will explore any possibility of venturing into technology-enabled. Other types of business will have a tough time even MCO lifted due to so much burning in current economic impact. I Hope DGB will take this opportunity to change the sand into gold.

wondering who keeps selling at 0.02cents ? are they cutting loss? for the one that selling surely is not making any money since the volume at 0.015 cents not much. They must be throwing at a loss with a big volume!

Icon will go back where it started 0.035 cents. To get back to 0.105 with this volume floating, I can't imagine how much volume to be transacted.

to bring down Icon price is easy, but to push up the price even during market bullish is very very tough. Its need million of shares transacted just to bring-up one cent.

already hit bottom, time to rebound, once a political situation or cabinet formed it should rebound

wanted to make short term gains? buy buy ..target price 0.20cnts

This counter not suitable for contra players. The latest announcement clearly mentioned the warrant converted to mother share at 0.12 cents and price now 0.06cents completely undervalue

I believe this 6-7 cents is a good buy price, however, certainly, you have to keep a little while.

looks like penetrate 1st resistance 0.13cents with good volume. It is a good sign.

Do not trust lots of buyers queueing, out of sudden the sellers are coming and dumping the whole buyers and press the price further down. If you still wanted to buy, queueing buy after 20mil also will definitely be done!

3 sen is on the way before bungkus. Better stay away from this gila punya counter, another CON company...whoever buy will kena CON

Finally buyer sudah lembik kena hentam left and right by seller.

every day is high volume, but the price is not up...

when the seller selling, are they making money? or they are cutting loss?

really really wondering who is collecting and who is really clearing!!!...seller keep accumulating throwing at the big volume and buyer keep collecting. However, buyer look little breathless in clearing seller

looks like sharks fighting with sharks..let's see who will win

wondering who is actually selling and buying at such a big volume. Certainly not retailers

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.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3022352

Buy buy Dengkil Project approved. The total GDV to be generated from the project is estimated at RM900 million.

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.

Some facts about ICON :
Before Consolidation:
Total Shares: 1177,185,000
IPO Price: RM1.85, drop finally to 0.035 cents

After Consolidation:
Total Shares : 2377, 913,902
Warrant : 588, 592,550
Price : ?? (mother currently 0.25 cents with 23,543,702 shares floated before 20th Feb)

b) There will be 4.8bil shares will flood the market where the majority of these shareholders are having heavy loses not only due to consolidation but also price drop from where they bought. Certainly these people are trying to minimise loses or getting back their capital at least 10.5cents of RI cost. There are many will not subscribe for fear to have more loses. Then underwriter have to take unsubscribe unit.

@jaynetan :-
My logic is simple:

a) The situation today economy-wise even worse than before, do you think Icon will make a miracle going against the trend on 20th Feb. while the FDI or foreign player not coming or rather not strongly present and continue pulling out from our market, what we expect?..

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!

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

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.

@zhangzuode - Warrant also you have to pay if you want to convert to mother share at 0.165/unit higher than right.

especially those posting not favoring ICON? This is not Malaysia Baru!

I wonder why my posting got deleted?

I having 2mil before consolidation and later got only 40,000 shares and I never vote and against this proposal by putting the reason it will cause multiple losses to the shareholders and yet they proceed as they said majority shareholders agreed at AGM. I do not know who represent majority shareholder and how they think this can be profitable???? all CON man and dumb!

there will be 4,801,540,000 shares flooded the market on 20th Feb (mother+right) excluding warrant compared to 2,377,000,000 before consolidation. If the price at settled at 0.105, the value of the company is 504mil, if 0.21cents the value would be nearly 1bilion. I would reckon the price will be 18-20 cents after 20th Feb

Anybody can tell how the warrant works? Is it separate line stock would be traded on top of Mother shares and what perhaps be the target price? and How long it will be in the market?

If really it goes to 10.5cents upon listing on 20Feb, might as well I wait and but ICON after Right join the mother