Monday, October 26, 2009

Delisting Company: Iconic Holding (537)

Another company, Iconic Holding delisting soon. I did not look into its business or logo because it does not have any core business anymore. It is delisting since it has no core business.

Profit Margin


Buy 56 lots @ $0.16 and Sell @ $0.17 = 5.51%

I am going to queue up my order. Also, might try buying less lots that might incur more charges. Wish to try if POEMS will only combine all the buy orders in a day and charge only 1 time based on overall trade for that day rather than each trade. My friend OCBC account allows that option, therefore people get queue multiple 1 lots rather than buying in bulk. If the minimum $25 charges is levied on each trade, then it will not be worthwhile.

Again, just to warn, the offer may fail, or the exact date to get the amount is not known. Therefore, trade at your own risks.

(edit: POEMS have the ability to combine too, and it is automatic based on the POEMS FAQ. It is called "Amalgamate", combining trade of similar action, same day and same stock.

References:

  1. SGX - Iconic Holding Delisting

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