wtf is happening. suddenly volume so big. weird.

interesting to see how the warrants are trading an 8% discount to the mother.

What is happening?

Yu_and_Mee 10% is up to (max), may be they will increase

It is up to 10%. That is the max. Unlikely will be increased because it will require an EGM.

About half for debt repayment and the other half for working capital.

Placement up to 10%. I saw the document. Price to be determined bla bla bla.

any guidance for the QR?

very good QR

UEM EDGENTA BERHAD ("UEM EDGENTA" OR THE "COMPANY") - STATUS OF THE MEMORANDUM OF UNDERSTANDING ("MOU") ENTERED INTO BETWEEN JABATAN KERJA RAYA SARAWAK AND OPUS INTERNATIONAL (M) BERHAD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, FOR THE SETTING UP OF CENTRE OF EXCELLENCE FOR PAVEMENT RESEARCH

Page 17

The revenue achieved in the current quarter is consistent with the corresponding quarter’s
revenue as vessel utilisation is recorded at 74% and 73% respectively. Despite a 26% increase in
gross profit in the current quarter, the Group recorded a lower profit before taxation as a result of
a one-off professional fees relating to debt restructuring amounting to RM3.7 million as well as a
lower reversal of impairment loss on PPE of RM9.1 million, compared to the reversal of
impairment loss on PPE of RM19.6 million in the fourth quarter of 2018. The loss after taxation
in the current quarter has taken into account current year tax expense amounting to RM1.6
million and deferred tax expense of RM5.3 million (see Note 21).

I am just asking how did you guys know? Has the management already fixed the date?

Management already fixed the date?

today is qr I think...perhaps by design that the qr will be released on a thursday i.e. one day before the announcement by dayang

run!!!!

Pity Beginner123456.

Kena flamed for no reason.

https://www.nfcp.my/Nfcp/media/Docs/NFCP-1_Award-and-commencement-of-project.pdf

which old man?

banks only underwrite a small portion, where got jialat.

The problem is some retailers do not have any common sense. The mother share should not have limit up in the first place just because of the consolidation. Valuation should be always be forward-looking, yet some of them have never considered the massive dilution from the rights issue. Serve them right.

@nelson_na there is no way you will make any profit without subscribing for the rights issue. You bought your mother share at RM1.75 per share (assuming you bought at 3.5 sen prior to consolidation). Assuming full subscription, the mother share should converge to around RM0.120 per share. Your best option is to either subscribe and wait for a turnaround or sell now. Your call.

And if you think that it will hit RM1.75 per share prior to the issuance in 3 weeks time, then you need to ask who will be so retarded to buy, knowing that the share base will increase by 10 folds. But then again, there are those who bought at RM0.90. So who knows that stupidity really has no cure.

Starbuckee... more than 2billion shares will be in the market in february, all on the same day. You think it wont burst?

@rr88 i think it is very unethical of them. It's going to be a bad CNY for some of them.

@ktham...I believe you will have ORs. I think it is similar to cash dividend in that if you sell your mother share on or after ex-date, you will still get the cash dividend.

In fact, could be a smart move since the share price will tank. But most of the value will be from the selling the OR or through the subscription of new shares.

Anyway, the Abridged Prospectus is out. Check out bursa website.

ktham... i dont think those who bought yesterday will be entitled for the RIs and warrants.

Instant loss

Mabel @Lich For goodness sake, Serba is not Icon. Serbas has been a consistent performer since its IPO. Whereas Icon has been destroying shareholder's value since its IPO.
23/01/2020 12:27 PM

I didn't buy from IPO.. Same with Serba I buy from the open market.

All my shares are bought from the open market..


I didn't say you did.

what dividend?

Invincible Greed knows no boundary.

For goodness sake, Serba is not Icon. Serbas has been a consistent performer since its IPO. Whereas Icon has been destroying shareholder's value since its IPO.

rosloam, unlikely, 20-40 sen over a share base of 2.6billion shares would require Icon to be a RM500m - RM1.0b market cap company. Its market cap was about RM40m prior to the ex-date. Surely, the fundamentals have not changed so much in a month.

I am actually very perplexed by those who bought after the ex-date and still holding or plans to hold for the long term.

Sombody's going to get hurt real bad....~ Russell Peters

ferdtwh its 28 Jan, not 28 Feb.

The company has a market cap of about RM40m before the consolidation.
New money raised is about RM275m. Let's ignore the warrants for a moment.
With a share base of 2,641m, the share price should be around (275+40)/2641 = RM0.12.
Consolidation is a paper exercise and should not affect the value of the company.

CharlesT Posted by Lich > Jan 23, 2020 9:41 AM | Report Abuse

Those are preliminary numbers. Should use the more recent announcements from Bursa.

preliminary numbers? u thought playing masak ah?

This will be the final figure upon completion of the whole corporate exercise...

I like your self-esteem.

But regardless, there will be a massive dilution.

Those are preliminary numbers. Should use the more recent announcements from Bursa.

CharlesT, where do you get the 5billion number?

Unless you are part of the syndicate or the sponsors, people should get a grip of reality. With at least 2.6b of shares outstanding by February 2020, do you think the share price can be sustained at 40-60sen? Or even more at RM1.75? In which universe should Icon be a >>RM1 billion market cap company?

CharlesT, with warrant should be even larger. But have not considered its dilution yet since will still be out of money.

newbie5354_ Nah, not a sour grape. I am just feeling sad for others who will be in for a really bad surprise in a month time.

Shares O/S on 21 Jan 2020 1,177,185,100
Consolidated Shares 23,543,702
Issuance of Rights shares 2,354,370,200
Issuance to financiers & creditors 263,696,964
Shares O/S on 20 Feb 2020 2,641,610,866

This going to end really badly for some.

Errata: 2,354m is the number of new shares. There will also be a 263.7m of new shares issued to financiers. So post issuance, share base is around 2,641.6m shares.

Number of shares was 1,177m shares yesterday. Today, number of shares is 23.5m. Post issuance of new shares, the number of shares will be 2,354m shares.

Market cap prior to ex-date was around RM40 - 60m. New money coming, assuming full subscription, is about RM240m. So, after the dust has settled, the share should trade around 12 sen.

Lai_1212 your cost is only 10,000 x 3.5cts = RM350.
But you will get 20,000 units of OR which you can sell starting on 24 Jan 2020.
I think you will still make money since (200 x RM0.20) + (20,000 x OR price) >>?? RM350

ttt what drugs did you take?

win1661 hahahaha....

Dont think everything can be capitalised. But then again, no transparency on the figures.

I think the acquisition of green leadership is not just for the their solar farms, but their expertise in renewable energy, perhaps putting them at a better position to bid for LSSPV projects in the future. Also,no solar farms have a 20 years payback period. LSSPV plants in Malaysia have a PPA of about 20 years only. The tariffs are fixed upfront, derived from the target IRRs of the owners. So it doesn't matter how cheap solar panels will be in the future. Existing plants will not be undercut.