The OR price is very much dependant on the price of ICON shares.
If Icon close at 0.24 today, then OR may open at 0.13 - 0.15. If ICON shares price close at 0.43 today then OR opening will be higher may be 0.3 - 0.33.
But chances of ICON shares price close higher is very slim based on some other similar cases like Velesto and Sapnrg.

Sylvester, the Shares Registrar will send the right issue form to you. If didn't receive, you may have to ask for the help from your remisier, or you can search WWW.BURSA MALAYSIA. COM and download from the website.
The are some terms and conditions written on the right issue form, like you need to buy bank draft, stem hasil RM 10, fill up the form, write your name address. Cds number etc on the reverse side of the bank draft.

Should be the only thing is....

Sylvester, if you have 1000 Shares, after consolidation 50 become 1, you will only have 20 shares. If you subscribe the right issue of 2000 shares at 0.105, ultimately you will have 20 shares + 2000 shares + 500 free warrants.
The only 8 is the 2000 shares and 500 free warrants will only be credited to your Cds account sometime after 10 Feb 2020.

If the main shareholders want to maximise their profits, they may slowly press down the price to around 0.20 - 0.24 before the closing date for the subscription of rights issue so that retailers will take up the rights., then before the right issue shares credited to the retailers Cds, the price may drop further.

OPR cut is to expand or speed up the economy.
Those Banks with Hire purchase lend out will be benefited.

Sylvester, if you have 1000 Shares before ex date for consolidation, after consolidation you have only 20 shares left ( 1000 ÷ 50 = 20).
You are entitled to subscribe to the right issue at the ratio of 100 for 1, means you are entitled to subscribe 2000 shares at 0.105, and you have to pay RM 210 ( 0.105 x 2000 shares ). You are alfo entitled to free warrant 500 units ( 2000 ÷ 4).

Sorry, today closing price 0.415, so plus 10 bids premium become 0.415 + ( 0.005 x 10 bids)
= 0.465 for buying price.

Share price is today's closing price which is 0.42,
and for those who have over sold or short sell and didn't cover back, they have to pay a premium of 10 bids to buy back the shares for the delivery.

Dragon you are welcome

X
Shareview123 Out of the 23 millions shares, let say all retail buyers are holding 5 millions only, and the main shareholders buy all the shares at average of 0.30, it means that they paid only 5 millions x 0.30 = 1.50 million.
If the main shareholders can sell their Forms OR at average of 0.10, they can easily make 100 millions ( 0.1 x 1 billion).
22/01/2020 7:04 PM

Out of the 23 millions shares, let say all retail buyers are holding 5 millions only, and the main shareholders buy all the shares at average of 0.30, it means that they paid only 5 millions x 0.30 = 1.50 million.
If the main shareholders can sell their Forms OR at average of 0.10, they can easily make 100 millions ( 0.1 x 1 billion).

X
Shareview123 The main shareholders have maximum of 23 millions shares as at today because the right issue shares have not been credited to the subscribers. The main shareholders may have bought up to 0.24. Along the way up, they can buy and sell back to subsequent retailer buyers, with some net buy or net sell.
Those retailers who have bought today are not entitled to the right issue forms.
They can distribute the shares back to the retail buyers and their main purpose is to distribute 6 Forms OR to the retailers.

The main shareholders have maximum of 23 millions shares as at today because the right issue shares have not been credited to the subscribers. The main shareholders may have bought up to 0.24. Along the way up, they can buy and sell back to subsequent retailer buyers, with some net buy or net sell.
Those retailers who have bought today are not entitled to the right issue forms.
They can distribute the shares back to the retail buyers and their main purpose is to distribute 6 Forms OR to the retailers.

The only main reason why Sapnrg is still range trading is the main shareholders and their gang have not accumulated enough. If Crude oil prices can be maintained above USD 60, the retailers can just wait for another one or two years. If the price doubled in within a year, it means you make 100 % within a year.
If the 3 doubled within 2 years, it means you can make 50 % within a year., which is 15 times more than the fixed deposits rate.

Shareview123 For the next few trading days , the shares price very likely will be going down. For those new traders, they have to be very careful.
22/01/2020 6:14 PM
X
Shareview123 As this counter was concerned before ex date, it means only a small percentage of shares were held by retailers before ex date. So most of the Forms OR will be allocated to the main shareholders.
22/01/2020 6:21 PM

Shareview123 The buying in share price is based on today's closing price which is 0.42 plus 10 bids, it becomes 0.47.
22/01/2020 6:06 PM
X
Shareview123 The shares price can be up or down depend on who are the buyers. If retailers are net buyers, then the shares price most likely will be down.
22/01/2020 6:08 PM

Icon shares issued has been reduced from 1 billion to around 20 millions shares ( 1 billion ÷ 50) after shares consolidation of 50 become 1.
Today volume is 66.7 millions shares traded which is more than 3 times of the shares issued after consolidation. It is cornered.
The right issue ratio is 100 for every 1 share held after consolidation at an issue price of 0.105 together with free warrants at the ratio of 1 for 4 shares subscribed.
If you have 50,000 shares, after consolidation of 50 become 1, you will have only 1000 Shares.
You are entitled to subscribe 100, 000 shares .at 0.105.
If the shares price is maintained, that means the right issue form may be traded around 0.30.
So you can just sell the Right issue form
( FORM OR).
IF seems like you can make a lot of money from the selling of the Form OR.
BUT, as this counter has been cornered, they will distribute all the Forms OR to the retailers. So retailers have to be very, very careful, don't be trapped.

As this counter was concerned before ex date, it means only a small percentage of shares were held by retailers before ex date. So most of the Forms OR will be allocated to the main shareholders.

For the next few trading days , the shares price very likely will be going down. For those new traders, they have to be very careful.

The shares price can be up or down depend on who are the buyers. If retailers are net buyers, then the shares price most likely will be down.

The buying in share price is based on today's closing price which is 0.42 plus 10 bids, it becomes 0.47.

Icon shares issued has been reduced from 1 billion to around 20 millions shares ( 1 billion ÷ 50) after shares consolidation of 50 become 1.
Today volume is 66.7 millions shares traded which is more than 3 times of the shares issued after consolidation. It is cornered.
The right issue ratio is 100 for every 1 share held after consolidation at an issue price of 0.105 together with free warrants at the ratio of 1 for 4 shares subscribed.
If you have 50,000 shares, after consolidation of 50 become 1, you will have only 1000 Shares.
You are entitled to subscribe 100, 000 shares .at 0.105.
If the shares price is maintained, that means the right issue form may be traded around 0.30.
So you can just sell the Right issue form
( FORM OR).
IF seems like you can make a lot of money from the selling of the Form OR.
BUT, as this counter has been cornered, they will distribute all the Forms OR to the retailers. So retailers have to be very, very careful, don't be trapped.

Icon shares issued has been reduced from 1 billion to around 20 millions shares ( 1 billion ÷ 50) after shares consolidation of 50 become 1.
Today volume is 66.7 millions shares traded which is more than 3 times of the shares issued after consolidation. It is cornered.
The right issue ratio is 100 for every 1 share held after consolidation at an issue price of 0.105 together with free warrants at the ratio of 1 for 4 shares subscribed.
If you have 50,000 shares, after consolidation of 50 become 1, you will have only 1000 Shares.
You are entitled to subscribe 100, 000 shares .at 0.105.
If the shares price is maintained, that means the right issue form may be traded around 0.30.
So you can just sell the Right issue form
( FORM OR).
IF seems like you can make a lot of money from the selling of the Form OR.
BUT, as this counter has been cornered, they will distribute all the Forms OR to the retailers. So retailers have to be very, very careful, don't be trapped.

Congratulations to those who have bought Mudajya @ 0.185 - 0.19 during end of Sept
2019 - beginning of Oct 2019 when some commented Mudajya was laden with huge debts and bad management. You have unrealised profits of 200 %.

Congratulations to those who had bought 0.185 - 0.19 3 months ago.

Post removed.Why?

Post removed.Why?

Sapnrg has been hovering around 0.26 - 0.33 for almost a year. How low can it drop? There were many comments saying that sapnrg will drop to 0.20 or even lower at 0.10, but it didn't happen. I have been waited for a year, the major shareholders and the sharks won't be so stupid to press down the price to 10 sen. After the company's restructuring plan, the company's financial position is better than what it was 2 years before.

For those who have invested in Velesto below 0.25, Armada around 0.15 - 0.16, when a lot of bad comments were made , those investors have made huge profits. Sapnrg will follow the steps, it is just a matter of times. Not to mention
the smaller shares cap oil and gas counters like
DAYANG, CARIMAN, UZMA, WASEONG, KNM,
etc.

Catalyst 78 told the truth. Some comments made by a person between Oct 2017 and December 2017, kept telling retailers he was buying and selling 1 million shares when Sapnrg was traded between 1.30 and 1.50. He is asking retailers don't buy Sapnrg at the current price.

Congratulations to those who bought @ 0.10 and Alam -Warrants , unrealized profit = 50 % .

Congratulations to those who bought 0.265 -0.27 , unrealized profit 10 %.

Sorry , it should be 300,000 shares .

There are 309656 lots selling quote queued by 101 sellers , on average each seller is queuing to sell 3millions shares .

Congratulations to those who bought @ 0.265 - 0.27 . If you bought 100,000 @ 0.265 and sell @ 0.30 , your gain is more than 10 % , or more than RM 3,000 . If you r bought 1 million shares @0.265 and sell @ 0.30 , your gain is more than RM 30,000 , just within 3 working days .

There are 344,357 lots buying quote @ 0.285 queued by 153 buyers . On average each buyer queued to buy 2,250,699 shares , or buying amounting to RM 652449 . All buyers are rich .

There are 345432 lots of sell quantity queued by 303 sellers ,. On average each seller queued to sell 1,140,039 shares .

There are 323905 lots of sell quantity queued by 422 sellers , On average each queued to sell 767,000 shares .

@Mabel
tu es tellement intelligente etc femme courageuse .

Hopefully Sapnrg will only start to pick up beginning of next month . Hopefully Armada and Velesto can hit 0.58 - 0.62 so that we can sell Armada and Velesto in exchange for Sapnrg , 1000 shares can buy 2000 shares of Sapnrg .
If you have 2 millions shares of Armada and 2 millions shares of Velesto , then you can exchange for 8 millions shares of Sapnrg .

Tight controlled and accumulated enough , cornered , very easy to push up
Maybe some good news from India powerplant . They have distributed
all the way from 5.0 to 0.185 , after more than 8 years accumulation and private placement
, maybe long overdue to push up .

Congratulations to those who bought @ 0.185 , if sold @ 0.32 , gains = 72 %
If sold @ 0.30 , gains = 62 % .
On 9 Oct 2017 , Mudajya traded at 1.29 .
On 9 Oct 2018 , Mudajya traded @ 0.39 .
Private placement around 0.26 - 0.27 .
Shares mostly accumulated by the major shareholders and their gang .

Should be all the major shareholders own more than 10 billions shares and the share price drop to 0.09 , it means their paper loss is 1.80 billion
( 10 billions x ( 0.27 - 0.09 ) . They won't do that .

Queued 100 k @ 0.10 for more than a year also can not get , next week going to queue additional 100 k @ 0.09 for another year to see can be done or not .
If 100 k can be done ,and the share price drop to 0.09 , then will lose RM 1,000 , but if all the major shareholders own 100 billions shares and the share price drop to 0.09 , it means their paper loss is 18 billions ( 100 billions x ( 0.27 - 0.09 ) . They won't do that .

Congratulations . Those who have bought @0.15 -0.155 in Jan 2019 . Your unrealized profit is 226 % .
Those who have bought @ 0.215 at the end of August 2019 , your unrealized profit is 127 % .

@ Kedahan , Thank you for your blessing .

Warren Buffett says there are two main factors
an investor must remember .

1) Don't lose money .
2) Remember the first factor .

How do we achieve the above mentioned factors
and to make profits from the market , I think there are some principles we must follow and adhere to .

1) holding power .
2) do our homework including study of financial
reports and analysis of the performances of
company etc .
3) be disciplined .
4) be patient .
5) be a little bit brave ( when the company's
shares price is hovering around the historical low region and has better performance in the near future .
6) can take it ( either to take profit or to cut loss after a deep evaluation ) .

For the case of Armada , for those retail buyers who have fulfilled the above mentioned principles and have invested in Armada , they are rewarded .
For those counters counters which have shot up more than 300 % , 400% or even close to 1000% within one or two years , with a PE RATIO of 50 times , 70 times , or 100 times , ultimately the share price will fall back . I.e like Hengyuan , petronm , Kesmi , Harta , Yongtai and many others .

Velesto is quite similar with Sapnrg in some aspects and Velesto is picking up and they could have almost finished their accumulation works at the lowest region .

When Armada was hovering around 0.20 , many retail buyers were grumbling , now trading between 0.44-0.46 , more than 100 % return within few months . If you invest 1 million @0.20 = 200,000 , your investment become
1million x 0.45 = 450,000 for Less than a year . If you are good in trading , you could have made at least 3 rounds return of more than 30 % .

Similarly for Sapnrg , it was traded between 0.255 and 0.35 for the past twelve months . So if you buy 0.26 and sell at 0.32 , you could have made few rounds return of more than 20 % . Based on current price at 0.27 , if you can afford to buy 1 million shares @ 0.27 = 270,000 , anytime within a year from now , if the share price shoot up 0. 405 , your return is 50 % , if rebound to 0.54 -0.55 , your return is 100% .

When the share price is hovering around the historical low region , they are accumulating . When the share price has shot up few hundred percent and hovering around the highest region , they are distributing . We have seen Armada and KNM rebounded from their historical low and other counters like Dayang , Carimin , Uzma , penergy which have rebounded more than 100 - 400 % .

If you are holding 100,000 shares and you compare your shares holding with the paid up of 16 billions shares , it is nothing . If the company goes bankrupt , they will loss more than
10 billions shares . Anyhow , the company has restructured recently and has not been pushing up , they are just accumulating , not so worry .
Some comments said it will drop to 0.10 but it didn't happen .

Made some monies from Carimin , Dayang , Uzma , penergy , and Waseong . Recently Armada , made return of more than 100 % .
Now start accumulating Velesto ,
Velesto -Wa , Sapnrg and SAPNRG -Wa . Anytime within 2 years , hit 100% return then sell half of shares holding , if hit 200% from current price then sell all .

It is time to start to accumulate Sapnrg .

Congratulations , those who bought 1 million shares @0.20 , now made 100 % return or 200 k .
For those who have bought 5 millions shares , now make 1 million already . Investors 1 million , made 1 million within few months .