Icon abit different coz it used to trap noobs to pay up the existing shareholders whom will exiting that forsaken counter. Scomies different coz they do it to lift themselves out from PN17. I think this one has potential.
I'm sharing based on my experience with ICON so you all will know what to expect end of this month.
Since I subscribed to the whole right issues, I'm loaded with it in my Share Portfolio. So I'm releasing some of my ICON Royal Fortunes holding this morning to make way for my MyEG Fast & Furious. I believe MyEG will move faster compare to ICON. FYI, MyeG share current price rally is driven by shareholders’ optimism that MyEG could secure the contracts for the foreign visa system (VLN) and the Integrated Immigration System (IIS). MyEG is my Top 3 Contibutors in the Tech Sector.
I managed to sell my ICON way above my Holding cost at 13 sens. ICON Royal Fortunes has now moved from P11 to P8 on my Armada Fleets of 13 battleships. My margin looks beautiful now. This latest exercises is certainly good for me. I have not even touch the warrant yet which was given free as part of this right issue.
Looking forward for another one here end of this month and later in May for Barakah.
capital and time both are important... capital has future value over the time when compounding with rates, while paper loss over long time period is disaster
Those whom trapped in this counter due to follow Calvin buy call at 12 sen with tp 30 sen on 23/9/2019 can email to i3 admin to report as he delying did promote at 12 sen, only buy call at 7.5 sen in his Whatsapp group .His posts in i3 just to con i3 investors to Pump n Dump for his whatsapp group.
@chimchim Drama unfold old wolf of klse wan azmi vs scomi...if wan azmi wins, he tell u all buffoons to go Holland and he'll privatise this company. 19/02/2020 11:12 AM
Taking private is actually a good thing. Lafarge offer at RM 3.75 was lovely, Cycle & Carriage offer for RM 2.20 was also lovely before minority shareholders decided for NO-GO due to Greed. For me RM 2.20 offer by CCB was good enough. Unfortunately, some think the fare value is above RM 3.
Bottom line Taking it private to me is positive. I welcome that .
Scomi is filing legal suit on recent 18.1 % or over 400 million shared transferred from the pledge trustee as loan collateral to the creditor , if there is no successful regularisation plan latest by Oct2020 , will be delisting also.
@Mathatter Now it is interesting, with Wan Azmi's tussel with Scomi Holding to secure Scomies shares (in lieu of his loan repayment). With Wan Azmi on board as a significant shareholder, even though he probably doesn't want to be one, could be the game changer. He doesnt loose money without a fight. He will want to be in, play a big hand in successfully restructuring Scomies, and then out with a handsome profit. 15/02/2020 2:43 AM
Same with Zaid, the New Chairman of Barakah. He has a team Ziko Lawyers to engage with the two legal suits..
It's going to be an interesting 1st Half watching this two PN17 Companies..
The 2 interest party are the 2 creditor Wan Azmi n GGSB whom give loan of rm 21 million with total 37.2 % of scomies shares as collateral, now in legal tussle.
Tan sri Wan Azmi is spot on describe mother as dead horse. Scomi Energy will fly if under new boss, Tan Sri Wan Azmi. Why dont let shareholders vote? Im sure many will be very happy if dead horse get lost. wakaka
Will not believe same as Calvin said profit 1 million in 2019 but not reflected in Philip list of your 2019 buy call list, said sold 8 house to buy Netx, a good lady posted Jan2020 top 30 list , you are not in the list , the last 30 holder with 10 million share worth RM 200,000 only.
scomi already lose the court case, end up with 28.44%, lower than Tan sri Azmi+ Gelombang 37.2%. Will this herald new renaissance period in scomi energy? i read this new substantial shareholder as great positive to its future
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
chimchim
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Posted by chimchim > 2020-02-18 08:15 | Report Abuse
Icon abit different coz it used to trap noobs to pay up the existing shareholders whom will exiting that forsaken counter. Scomies different coz they do it to lift themselves out from PN17. I think this one has potential.