Highlights
KLSE: ICAP (5108)       ICAPITAL.BIZ BERHAD UNIT MAIN : Closed&Fund
Last Price Today's Change   Day's Range   Trading Volume
2.36   +0.01 (0.43%)  2.36 - 2.36  2,000
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Financials


Market Cap: 330 Million

Market Cap 330 Million
NOSH 140 Million

Latest Audited Result:  31-May-2018

Latest Audited Result: 31-May-2018
Announcement Date 28-Sep-2018
Next Audited Result: 31-May-2019
Est. Ann. Date: 28-Sep-2019
Est. Ann. Due Date: 27-Nov-2019

Latest Quarter:  31-May-2019 [#4]

Latest Quarter: 31-May-2019 [#4]
Announcement Date 23-Jul-2019
Next Quarter: 31-Aug-2019
Est. Ann. Date: 17-Oct-2019
Est. Ann. Due Date: 30-Oct-2019
QoQ | YoY   -1.15%  |    -93.03%

Annual (Unaudited) ( EPS: 2.87, P/E: 82.31 )

Revenue | NP to SH 14,726  |  4,014
RPS | P/RPS 10.52 Cent  |  22.44
EPS | P/E | EY 2.87 Cent  |  82.31  |  1.21%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 3.22  |  0.73
YoY   -54.91%
NP Margin | ROE 27.26%  |  0.89%
F.Y. | Ann. Date 31-May-2019  |  23-Jul-2019

T4Q Result ( EPS: 2.87, P/E: 82.31 )

Revenue | NP to SH 14,727  |  4,014
RPS | P/RPS 10.52 Cent  |  22.43
EPS | P/E | EY 2.87 Cent  |  82.31  |  1.21%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 3.22  |  0.73
QoQ | YoY   -66.61%  |    -54.91%
NP Margin | ROE 27.26%  |  0.89%
F.Y. | Ann. Date 31-May-2019  |  23-Jul-2019

Annualized Result ( EPS: 2.87, P/E: 82.31 )

Revenue | NP to SH 14,726  |  4,014
RPS | P/RPS 10.52 Cent  |  22.44
EPS | P/E | EY 2.87 Cent  |  82.31  |  1.21%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -11.82%  |    -54.91%
NP Margin | ROE 27.26%  |  0.89%
F.Y. | Ann. Date 31-May-2019  |  23-Jul-2019


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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-May-2019 23-Jul-2019 31-May-2019 4 3,317 1,116 600 600 - 450,800 - % 18.09% 0.13% 140,000 2.37 2.37 0.43 0.43 0.00 0.00 3.2200 3.22   -1.15%   -93.03% 31-May-2019 2.42 102.14 564.67 0.75 0.18% 0.00% 23-Jul-2019 2.32 97.92 541.33 0.72 0.18% 0.00%
31-May-2019 22-Apr-2019 28-Feb-2019 3 3,389 1,133 607 607 - 457,799 - % 17.91% 0.13% 140,000 2.42 2.42 0.43 0.43 0.00 0.00 3.2700 3.27   -32.18%   141.78% 28-Feb-2019 2.41 99.56 555.85 0.74 0.18% 0.00% 22-Apr-2019 2.35 97.08 542.01 0.72 0.18% 0.00%
31-May-2019 30-Jan-2019 30-Nov-2018 2 3,534 1,391 895 895 - 471,799 - % 25.33% 0.19% 140,000 2.52 2.52 0.64 0.64 0.00 0.00 3.3700 3.37   -53.19%   283.78% 30-Nov-2018 2.62 103.79 409.83 0.78 0.24% 0.00% 30-Jan-2019 2.39 94.68 373.85 0.71 0.27% 0.00%
31-May-2019 17-Oct-2018 31-Aug-2018 1 4,487 2,429 1,912 1,912 - 498,399 - % 42.61% 0.38% 140,000 3.21 3.21 1.37 1.37 0.00 0.00 3.5600 3.56   -77.79%   -14.38% 30-Aug-2018 2.77 86.43 202.82 0.78 0.49% 0.00% 17-Oct-2018 2.76 86.12 202.09 0.78 0.49% 0.00%
31-May-2018 30-Jul-2018 31-May-2018 4 12,594 9,187 8,609 8,609 - 498,399 - % 68.36% 1.73% 140,000 9.00 9.00 6.15 6.15 0.00 0.00 3.5600 3.56   692.50%   722.25% 31-May-2018 2.59 28.79 42.12 0.73 2.37% 0.00% 30-Jul-2018 2.80 31.13 45.53 0.79 2.20% 0.00%
31-May-2018 09-Apr-2018 28-Feb-2018 3 4,220 -731 -1,453 -1,453 - 487,200 - % -34.43% -0.30% 140,000 3.01 3.01 -1.04 -1.04 0.00 0.00 3.4800 3.48   -198.36%   -3,923.68% 28-Feb-2018 2.72 90.24 -262.08 0.78 -0.38% 0.00% 09-Apr-2018 2.47 81.94 -237.99 0.71 -0.42% 0.00%
31-May-2018 22-Jan-2018 30-Nov-2017 2 3,314 -33 -487 -487 - 494,199 - % -14.70% -0.10% 140,000 2.37 2.37 -0.35 -0.35 0.00 0.00 3.5300 3.53   -121.81%   55.85% 30-Nov-2017 2.79 117.86 -802.05 0.79 -0.12% 0.00% 22-Jan-2018 2.81 118.71 -807.80 0.80 -0.12% 0.00%
31-May-2018 05-Oct-2017 31-Aug-2017 1 4,748 2,715 2,233 2,233 - 473,200 - % 47.03% 0.47% 140,000 3.39 3.39 1.60 1.60 0.00 0.00 3.3800 3.38   113.28%   37.08% 30-Aug-2017 2.69 79.32 168.65 0.80 0.59% 0.00% 05-Oct-2017 2.69 79.32 168.65 0.80 0.59% 0.00%
31-May-2017 17-Jul-2017 31-May-2017 4 3,565 1,538 1,047 1,047 - 463,399 - % 29.37% 0.23% 140,000 2.55 2.55 0.75 0.75 0.00 0.00 3.3100 3.31   2,655.26%   314.11% 31-May-2017 2.64 103.67 353.01 0.80 0.28% 0.00% 17-Jul-2017 2.58 101.32 344.99 0.78 0.29% 0.00%
31-May-2017 14-Apr-2017 28-Feb-2017 3 4,251 443 38 38 - 443,800 - % 0.89% 0.01% 140,000 3.04 3.04 0.03 0.03 0.00 0.00 3.1700 3.17   103.45%   -99.88% 28-Feb-2017 2.41 79.37 8,878.95 0.76 0.01% 0.00% 14-Apr-2017 2.45 80.69 9,026.32 0.77 0.01% 0.00%
31-May-2017 09-Jan-2017 30-Nov-2016 2 1,539 -1,015 -1,103 -1,103 - 431,199 - % -71.67% -0.26% 140,000 1.10 1.10 -0.79 -0.79 0.00 0.00 3.0800 3.08   -167.71%   -225.37% 30-Nov-2016 2.46 223.78 -312.24 0.80 -0.32% 0.00% 09-Jan-2017 2.46 223.78 -312.24 0.80 -0.32% 0.00%
31-May-2017 24-Oct-2016 31-Aug-2016 1 4,084 2,137 1,629 1,629 - 433,999 - % 39.89% 0.38% 140,000 2.92 2.92 1.16 1.16 0.00 0.00 3.1000 3.10   433.13%   117.56% 30-Aug-2016 2.31 79.19 198.53 0.75 0.50% 0.00% 24-Oct-2016 2.44 83.64 209.70 0.79 0.48% 0.00%
31-May-2016 21-Jul-2016 31-May-2016 4 3,574 90 -489 -489 - 424,199 - % -13.68% -0.12% 140,000 2.55 2.55 -0.35 -0.35 0.00 0.00 3.0300 3.03   -101.55%   -196.83% 31-May-2016 2.29 89.70 -655.62 0.76 -0.15% 0.00% 21-Jul-2016 2.26 88.53 -647.03 0.75 -0.15% 0.00%
31-May-2016 13-Apr-2016 29-Feb-2016 3 34,189 32,382 31,467 31,467 - 422,799 - % 92.04% 7.44% 140,000 24.42 24.42 22.48 22.48 0.00 0.00 3.0200 3.02   0.00%   986.57% 29-Feb-2016 2.26 9.25 10.05 0.75 9.95% 0.00% 13-Apr-2016 2.29 9.38 10.19 0.76 9.82% 0.00%
31-May-2016 28-Feb-2016 3 34,189 32,382 31,467 31,467 - - - % 92.04% - % 140,000 24.42 24.42 22.48 22.48 0.00 0.00 - -   9,382.30%   986.57% 26-Feb-2016 2.26 9.25 10.05 0.00 9.95% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-May-2016 13-Jan-2016 30-Nov-2015 2 2,832 82 -339 -339 - 413,000 - % -11.97% -0.08% 140,000 2.02 2.02 -0.24 -0.24 0.00 0.00 2.9500 2.95   96.35%   -106.91% 30-Nov-2015 2.32 114.69 -958.11 0.79 -0.10% 0.00% 13-Jan-2016 2.29 113.21 -945.72 0.78 -0.11% 0.00%
31-May-2016 28-Oct-2015 31-Aug-2015 1 3,440 -8,836 -9,279 -9,279 - 389,199 - % -269.74% -2.38% 140,000 2.46 2.46 -6.63 -6.63 0.00 0.00 2.7800 2.78   -1,937.43%   -527.21% 28-Aug-2015 2.13 86.69 -32.14 0.77 -3.11% 0.00% 28-Oct-2015 2.28 92.79 -34.40 0.82 -2.91% 0.00%
31-May-2015 30-Jul-2015 31-May-2015 4 3,874 962 505 505 - 406,000 - % 13.04% 0.12% 140,000 2.77 2.77 0.36 0.36 0.00 0.00 2.9000 2.90   -82.56%   -92.12% 29-May-2015 2.32 83.84 643.17 0.80 0.16% 0.00% 30-Jul-2015 2.24 80.95 620.99 0.77 0.16% 0.00%
31-May-2015 18-Mar-2015 28-Feb-2015 3 7,288 3,331 2,896 2,896 - 411,600 - % 39.74% 0.70% 140,000 5.21 5.21 2.07 2.07 0.00 0.00 2.9400 2.94   -41.01%   -85.65% 27-Feb-2015 2.40 46.10 116.02 0.82 0.86% 0.00% 18-Mar-2015 2.35 45.14 113.60 0.80 0.88% 0.00%
31-May-2015 27-Jan-2015 30-Nov-2014 2 7,120 5,328 4,909 4,909 - 420,000 - % 68.95% 1.17% 140,000 5.09 5.09 3.51 3.51 0.00 0.00 3.0000 3.00   126.01%   -13.22% 28-Nov-2014 2.38 46.80 67.88 0.79 1.47% 0.00% 27-Jan-2015 2.39 46.99 68.16 0.80 1.47% 0.00%
31-May-2015 10-Oct-2014 31-Aug-2014 1 3,526 1,770 2,172 2,172 - 429,799 - % 61.60% 0.51% 140,000 2.52 2.52 1.55 1.55 0.00 0.00 3.0700 3.07   -66.10%   80.40% 29-Aug-2014 2.43 96.48 156.63 0.79 0.64% 0.00% 10-Oct-2014 2.40 95.29 154.70 0.78 0.65% 0.00%
31-May-2014 09-Jul-2014 31-May-2014 4 9,278 6,782 6,407 6,407 - 426,999 - % 69.06% 1.50% 140,000 6.63 6.63 4.58 4.58 0.00 0.00 3.0500 3.05   -68.25%   -86.40% 30-May-2014 2.52 38.03 55.06 0.83 1.82% 0.00% 09-Jul-2014 2.50 37.72 54.63 0.82 1.83% 0.00%
31-May-2014 15-Apr-2014 28-Feb-2014 3 23,323 20,443 20,179 20,179 - 417,200 - % 86.52% 4.84% 140,000 16.66 16.66 14.41 14.41 0.00 0.00 2.9800 2.98   256.71%   285.24% 28-Feb-2014 2.37 14.23 16.44 0.80 6.08% 0.00% 15-Apr-2014 2.40 14.41 16.65 0.81 6.01% 0.00%
31-May-2014 10-Dec-2013 30-Nov-2013 2 7,680 6,028 5,657 5,657 - 422,799 - % 73.66% 1.34% 140,000 5.49 5.49 4.04 4.04 0.00 0.00 3.0200 3.02   369.85%   197.74% 29-Nov-2013 2.36 43.02 58.41 0.78 1.71% 0.00% 10-Dec-2013 2.36 43.02 58.41 0.78 1.71% 0.00%
31-May-2014 28-Oct-2013 31-Aug-2013 1 3,401 1,793 1,204 1,204 13,300 398,999 1,104.65% 35.40% 0.30% 140,000 2.43 2.43 0.86 0.86 9.50 9.50 2.8500 2.85   -97.44%   -52.88% 30-Aug-2013 2.37 97.56 275.58 0.83 0.36% 4.01% 28-Oct-2013 2.37 97.56 275.58 0.83 0.36% 4.01%
31-May-2013 02-Jul-2013 31-May-2013 4 49,684 47,622 47,120 47,120 - 418,600 - % 94.84% 11.26% 140,000 35.49 35.49 33.66 33.66 0.00 0.00 2.9900 2.99   799.58%   2,657.17% 31-May-2013 2.40 6.76 7.13 0.80 14.02% 0.00% 02-Jul-2013 2.39 6.73 7.10 0.80 14.08% 0.00%
31-May-2013 02-Apr-2013 28-Feb-2013 3 7,249 5,587 5,238 5,238 - 407,400 - % 72.26% 1.29% 140,000 5.18 5.18 3.74 3.74 0.00 0.00 2.9100 2.91   175.68%   41.30% 28-Feb-2013 2.25 43.45 60.14 0.77 1.66% 0.00% 02-Apr-2013 2.34 45.19 62.54 0.80 1.60% 0.00%
31-May-2013 21-Jan-2013 30-Nov-2012 2 3,841 2,198 1,900 1,900 - 404,600 - % 49.47% 0.47% 140,000 2.74 2.74 1.36 1.36 0.00 0.00 2.8900 2.89   -25.64%   -47.31% 30-Nov-2012 2.90 105.70 213.68 1.00 0.47% 0.00% 21-Jan-2013 2.28 83.10 168.00 0.79 0.60% 0.00%
31-May-2013 01-Nov-2012 31-Aug-2012 1 5,179 3,569 2,555 2,555 - 421,399 - % 49.33% 0.61% 140,000 3.70 3.70 1.82 1.82 0.00 0.00 3.0100 3.01   49.50%   -61.92% 30-Aug-2012 2.29 61.90 125.48 0.76 0.80% 0.00% 01-Nov-2012 2.32 62.71 127.12 0.77 0.79% 0.00%
31-May-2012 24-Jul-2012 31-May-2012 4 4,586 1,997 1,709 1,709 - 400,399 - % 37.27% 0.43% 140,000 3.28 3.28 1.22 1.22 0.00 0.00 2.8600 2.86   -53.90%   -45.10% 31-May-2012 2.86 87.31 234.29 1.00 0.43% 0.00% 24-Jul-2012 2.18 66.55 178.58 0.76 0.56% 0.00%
31-May-2012 30-Apr-2012 29-Feb-2012 3 5,514 4,009 3,707 3,707 - 398,677 - % 67.23% 0.93% 139,886 3.94 3.94 2.65 2.65 0.00 0.00 2.8500 2.85   2.80%   -27.16% 29-Feb-2012 2.85 72.30 107.55 1.00 0.93% 0.00% 30-Apr-2012 2.89 73.32 109.06 1.01 0.92% 0.00%
31-May-2012 21-Dec-2011 30-Nov-2011 2 5,515 3,989 3,606 3,606 - 373,179 - % 65.39% 0.97% 139,767 3.95 3.94 2.58 2.58 0.00 0.00 2.6700 2.67   -46.26%   194.37% 30-Nov-2011 2.67 67.67 103.49 1.00 0.97% 0.00% 21-Dec-2011 2.05 51.95 79.46 0.77 1.26% 0.00%
31-May-2012 13-Sep-2011 31-Aug-2011 1 9,205 7,694 6,710 6,710 - 368,419 - % 72.90% 1.82% 140,083 6.57 6.58 4.79 4.79 0.00 0.00 2.6300 2.63   115.55%   230.22% 29-Aug-2011 2.63 40.02 54.91 1.00 1.82% 0.00% 13-Sep-2011 2.02 30.74 42.17 0.77 2.37% 0.00%
31-May-2011 06-Jul-2011 31-May-2011 4 6,136 4,039 3,113 3,113 - 388,423 - % 50.73% 0.80% 140,225 4.38 4.38 2.22 2.22 0.00 0.00 2.7700 2.77   -38.83%   -90.05% 31-May-2011 2.77 63.30 124.77 1.00 0.80% 0.00% 06-Jul-2011 2.19 50.05 98.65 0.79 1.01% 0.00%
31-May-2011 26-Apr-2011 28-Feb-2011 3 6,936 5,542 5,089 5,089 - 243,265 - % 73.37% 2.09% 139,807 4.96 4.95 3.64 3.64 0.00 0.00 1.7400 1.74   315.43%   45.03% 28-Feb-2011 2.56 51.60 70.33 1.47 1.42% 0.00% 26-Apr-2011 2.17 43.74 59.62 1.25 1.68% 0.00%
31-May-2011 10-Jan-2011 30-Nov-2010 2 2,823 1,524 1,225 1,225 - 236,647 - % 43.39% 0.52% 139,204 2.03 2.02 0.88 0.88 0.00 0.00 1.7000 1.69   -39.71%   265.67% 30-Nov-2010 2.48 122.29 281.82 1.46 0.35% 0.00% 10-Jan-2011 2.16 106.51 245.45 1.27 0.41% 0.00%
31-May-2011 29-Oct-2010 31-Aug-2010 1 4,041 2,812 2,032 2,032 - 236,833 - % 50.28% 0.86% 140,137 2.88 2.89 1.45 1.45 0.00 0.00 1.6900 1.69   -93.51%   51.76% 30-Aug-2010 2.31 80.11 159.31 1.37 0.63% 0.00% 29-Oct-2010 2.06 71.44 142.07 1.22 0.70% 0.00%
31-May-2010 22-Jun-2010 31-May-2010 4 33,227 31,946 31,294 31,294 - 235,230 - % 94.18% 13.30% 140,017 23.73 23.73 22.35 22.35 0.00 0.00 1.6800 1.68   791.82%   369.78% 31-May-2010 2.10 8.85 9.40 1.25 10.64% 0.00% 22-Jun-2010 1.84 7.75 8.23 1.10 12.15% 0.00%
31-May-2010 23-Apr-2010 28-Feb-2010 3 5,002 3,756 3,509 3,509 - 204,109 - % 70.15% 1.72% 139,800 3.58 3.57 2.51 2.51 0.00 0.00 1.4600 1.46   947.46%   607.46% 25-Feb-2010 1.74 48.63 69.32 1.19 1.44% 0.00% 23-Apr-2010 1.75 48.91 69.72 1.20 1.43% 0.00%
31-May-2010 21-Jan-2010 30-Nov-2009 2 1,397 318 335 335 - 199,604 - % 23.98% 0.17% 139,583 1.00 1.00 0.24 0.24 0.00 0.00 1.4300 1.43   -74.98%   -97.73% 30-Nov-2009 1.78 177.85 741.67 1.24 0.13% 0.00% 21-Jan-2010 1.82 181.85 758.33 1.27 0.13% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  5 people like this.
 
qqq3 Icap invested $ 5 million in Padini and sitting on $ 100 million of unrealised profits.................every thing else they did for last 10 years is meaningless.
04/03/2019 12:02 PM
fong7 does icap still holding the stupid bstead and parkson? I can't imagine any value investor who would be so bullish on these two. They are just....simply....rubbish stock.
05/03/2019 2:33 AM
fong7 once again, (S = Qr) Philip, very well said. I can see you must be quite a good investor.
05/03/2019 2:33 AM
fong7 waiting for London boys to fight TTB again....hope they do something, and able to gain support from minority shareholders....take down TTB from the board, reduce his fees, forced him to pay huge dividend if the fund continue to sit on cash doing nothing....and make strategic steps on how to reduce the gap of fund price discount to NAV.
05/03/2019 9:34 AM
qqq3 Funds accounting.........unrealised profits/losses are taken directly to reserves, market good or bad is never reflected in the Profit and Loss Accounts.............Its a problem for all closed ended funds.
05/03/2019 10:14 PM
stockraider The performance of the funds are measured by the increase of NAV, it does not matter P&L....bcos if warren buffet invest....he does not sell so not much profit to report....but his unrealised profit is huge loh...!!

Thats why fund should be measured by NAV growth & not P&L mah...!!
05/03/2019 10:19 PM
qqq3 well.............the permanent huge discounts in Icap share suggest the investing public is not interested..........the discount is permanent, its not some thing u can arbitrage away.............
05/03/2019 10:22 PM
fong7 stockraider, please tell us, do you think ICAP today is a value trap or a value "stock"? How many 10 years do we have? Reality bites.
06/03/2019 12:01 AM
stockraider The only hope for icap....is vote for the dissolution as the expiry date is due soon mah.....!!

The olang putih is with us loh and TTB is like a pondan mah....that means a good chance we can liquidate the fund loh....!!

That means potential profit from close shop of icap loh.....!!

Posted by fong7 > Mar 6, 2019 12:01 AM | Report Abuse

stockraider, please tell us, do you think ICAP today is a value trap or a value "stock"? How many 10 years do we have? Reality bites.
06/03/2019 12:05 AM
enigmatic [Breaker of Speculative Investing] oh come on, it's not all doom and gloom is it? ICAP's portfolio has done not too badly overall.

For shareowners holding for a long time & getting no returns, probably a time to let go some and invest elsewhere if you are done with TTB.

For newcomers, probably a low risk defensive stock that never sinks, unlike O&G, plantations, constructions, etc.

But I concur that TTB is running short on time. He should stop timing the market. In the event in 2025 that ICAP has a price range of around RM2.50-RM3.00 to its NTA while other stocks continue rising, it would spell the end of his base of supporters.
06/03/2019 12:51 AM
qqq3 does that mean it get expiry at 2025?
06/03/2019 10:00 AM
(HK1997 again) Philip If you are just looking at nav, it went from 140 million to 498 million. Sounds good? If you average it out over 14 years since 2005 it is earning less than 10% per year. But you are a smallholder. So if you want to cash out today from ipo, you only get the share price increase ( no dividends, no nav) which for closed end funds is usually a discount to nav historically.

So as a smallholder you only get share price increase from rm1 to rm2.43.

For waiting 14 years.

You are getting like 6.8% compounded per year for holding on for 14 years.

Not exactly Warren buffet.
07/03/2019 3:32 PM
3iii ttb is supported in his icap funds by a loyal group of initial investors.

Those who invested over the last 10 years of his fund probably made very little gains.

Will these initial loyal investors remain in the fund in 2020 or will they vote for the dissolution of icap closed end fund?
07/03/2019 3:36 PM
3iii At inception of icap closed end fund, the hope was this fund could grow at 15% per year from 2005 to 2020. That is $1 capital invested will double every 5 years and in 15 years, will grow to $8.00.

It is unlikely that icap closed end fund can achieve a NAV value of $8.00 in 2020. The time is just too short for it to achieve this target.

At best, can icap closed end fund achieve a NAV of $4.00 in 2020? At least with NAV of $4.00 in 2020, it would have grown its NAV from 2005 at a compound annual rate of just slightly below 10%.
07/03/2019 3:42 PM
fong7 icap's investors week is coming. Anyone here going to kick ttb's ass? haha!
15/03/2019 9:09 PM
Travestor I used to be a believer in ttb but good think I woke up from that. His icivf also like crap with cagr of like fd rate only agr
16/03/2019 6:32 AM
calvintaneng Hi guys,

I woke up this morning in Singapore and read this in horror

"People may call me a pessimist, but I feel that Malaysia has reached the point of no return"
-------Tan Teng Boo

If only he took time to do deeper research he should be able to find bargains in good O&G stocks which are now making 200% to 300% for those who took position

If he really believe that Malaysia is a gone case without hope then he should just close down Icapbiz funds & return all monies to shareholders just like Warren Buffet did by closing down his fund in year 1969.

YOUR BEST COURSE OF ACTION TODAY IS TO SELL AWAY YOUR LAST REMAINING ICAPBIZ SHARES AND DON'T LOOK BACK ANYMORE ON THIS MAN WITHOUT HOPE.

NOW GO BUY DESTINI (7212) WHILE THERE IS HIGH HOPE

1) MINISTER OF FINANCE (MOF) BOUGHT 200 MILLION DESTINI SHARES AND IS TOP HOLDER

2) BRAHMAL OF CREADOR FUND BOUGHT 10 MILLION DESTINI SHARES

3) TOP BOSS OF DESTINI ALSO BOUGHT DESTINI AS HIGH AS 71 SEN TO 85 SEN

SO CALVIN INVITES YOU TO LEAVE THIS DREARY PLACE AND BUY DESTINI TODAY!!
18/03/2019 7:24 AM
(HK1997 again) Philip Don't listen to him TTB, please go ahead and continue collecting your asset management fees. You need every cent of it.

As they say,

Those who don't know how to stock pick,
Teach others to stick pick.
Those who can't teach, they write newsletters.
Those who can't write well, they just take director fees.
19/03/2019 11:56 AM
qqq3 Posted by 3iii > Mar 7, 2019 03:42 PM | Report Abuse

At best, can icap closed end fund achieve a NAV of $4.00 in 2020? At least with NAV of $4.00 in 2020, it would have grown its NAV from 2005 at a compound annual rate of just slightly below 10%.

========

statistics depends on stating point and ending point of statistics....what about statistics of last 10 years? Probably negative.......lol.......
19/03/2019 12:16 PM
qqq3 close ended fund was an experiment and it failed....no more in Malaysia
19/03/2019 12:17 PM
qqq3 qqq3 > Mar 19, 2019 12:17 PM | Report Abuse X

close ended fund was an experiment and it failed...it failed because TTB failed.
19/03/2019 12:18 PM
qqq3 close ended fund fails compared to open ended funds because open ended funds can always exit at NTA while close ended funds always exit at a discount.
19/03/2019 12:47 PM
enigmatic [Breaker of Speculative Investing] It has come to our notice that an individual has portrayed himself as Mr. Tan Teng Boo, Managing Director of Capital Dynamics, and posted comments on investment websites, blogs, forums and/or online platforms under the name "Tan Teng Boo" ("the #Impersonator"). The contents of the comments posted by the Impersonator involve investments advice/opinion and matters. The impersonator/s has intentionally made comments that may be construed as investment advice and opinions of Tan Teng Boo, the managing director of Capital Dynamics.

Tan Teng Boo, Capital Dynamics and/or its group of companies shall not hesitate to take necessary actions, including but not limited to legal actions for any economic losses and/or damage to reputation, against any parties who have committed and/or facilities the wrongdoing of impersonating Tan Teng Boo, Capital Dynamics and/or its group of companies, and/or publishing/releasing untrue, false and unjustified statements/comments against Tan Teng Boo, #CapitalDynamics, its group companies and/or the funds managed by its group of companies.
27/03/2019 8:05 PM
fong7 thing is, nowadays, left very very very few people who still care about what TTTB said. His biggest personal reputation fault was his investment judgement in past 5 years or so. He forgot to learn, unlike Buffett who continues to learn every single day. Huge gap between them.
28/03/2019 8:18 PM
enigmatic [Breaker of Speculative Investing] RM2.35 is the year's low. Can consider buying to keep until the fund dissolves.
13/04/2019 5:31 PM
VSOLAR Sailang Margin All In I see another Insas here
24/04/2019 2:08 PM
VSOLAR Sailang Margin All In Not exactly like Insas, just a failed fund management team. I can do better
24/04/2019 2:11 PM
qqq3 think of opportunity cost.
24/04/2019 2:16 PM
qqq3 TTB seems happy to nimble at the fund.....
24/04/2019 2:17 PM
VSOLAR Sailang Margin All In the fund management fees itself is destroying the value of shareholders more than this subpar returns. I would pick Philip's funds anyday over this crap.
24/04/2019 2:19 PM
VSOLAR Sailang Margin All In or maybe my own fund haha
24/04/2019 2:19 PM
qqq3 TTB much better when he was young and hungry.


Now, nobody can disturb his cash cow.....his personal cashcow.
24/04/2019 2:23 PM
fong7 nobody went to the investors days to disturb his party? surprisingly.
24/04/2019 7:13 PM
enigmatic [Breaker of Speculative Investing] Obscure and underrated stock.
26/05/2019 2:16 AM
enigmatic [Breaker of Speculative Investing] Anyone knows if ICAP is still holding Boustead shares?
ICAP is going to suffer badly if they refuse to offload them, like how the deadwood Parkson did.
ICAP was good in its earlier years, and if they could just replicate that, exciting times would await in future.
01/06/2019 3:27 PM
fong7 Ego man, hopeless.
02/06/2019 10:57 PM
lizi read his quarterly report is like read but no read....bla bla bla but mention nothing about reduce performance and prospect...
23/07/2019 8:17 PM
johnsonkhoo82 Last time before 1 weeks HOMERIZ announce quarter report, TTB recommend to buy HOMERIZ below 0.65, we all know quarter report result will not so good due to USD. But do you know what happen then? After quarter report come out, after 1 week, he rerating and remove HOMERIZ completely from Malaysia Company Analysis. HAHAHAHA. He even don't know effect of USD for that quarter? What a shame some more remove it just after 2 weeks after recommend to buy. HAHAHAHAHA. Stock price up keep remain at Malaysia Company Analysis, stock price down quicly remove it from Malaysia Company Analysis? Like exam, 50 objection question, you correct 30 question, you should get 60 point, but for TTB, another incorrect 20 question cannot count, so he actually get 100 point. HAHAHAHAHA. He always compare NAV ICAP with KLSE, but if you actually add KLSE dividend to it, because ICAP no distribute dividend, do ICAP really beat KLSE? Only TTB beat KLSE, all investor lose
31/07/2019 12:49 PM
Kedahan Why condemn TTB? I Cap not cash rich so can bargain hunt many cheap stocks?
14/08/2019 10:24 AM
fong7 did you see TTB bargain hunt any stocks in past 5 years? You wish to wait for him to bargain hunt (and do nothing but waiting and take fees from icap investors) in 5 years later?
21/08/2019 12:50 AM
3iii Icap annual report: ttb took legal action against an "imposter's posts" using his name-sake in this forum.
31/08/2019 7:54 AM
enigmatic [Breaker of Speculative Investing] Yup, that's why it's pertinent to not use a real person's name online, whatever intention it might be.
01/09/2019 12:44 AM
enigmatic [Breaker of Speculative Investing] Btw, not sure if it's a wise move of icapital.biz to dispose all F&N shares. F&N is one hella solid stock which has proven earnings.
01/09/2019 12:46 AM
calvintaneng ATTENTION ICAPPED ZOMBIES IN ICAPBIZ

IF YOU CAN HAVE THE WILL POWER TO ESCAPE FROM THE CLUTCHES

READ THIS THEN SELL ALL ICAPBIZ AND SWITCH TO MBSB BANK

A brief look at this quarter balance sheet of MBSB Bank

1) Deposits from Customers & Institutions increased by Rm4 Billions due to promotion with Cash prizes of Rm2 millions by lucky draws

2) At Rm2 millions small cost to get Rm4 Billions fresh funds is about 0.005%
THIS LOW COST INNOVATION HAS GREATLY INCREASED THE LOW COST OF CAPITAL
VERY GOOD STRATEGIC MOVE!

3) LOW COST OF FUNDS WITH HIGH COST OF LENDING WILL SEPARATE ITS PERFORMANCE WITH OTHER TIER 1 BANKS FROM NOW ONWARD

4) ISLAMIC LOAN GROWTH AT OVER 10% AS COMPARED WITH SATURATION OF CONVENTIONAL LOAN RATE OF 3% IS 300% MORE BY PERCENTAGE

THIS SHOWS THE EXPLOSIVE GROWTH OF ISLAMIC BANKING

5) WITH SO MUCH BUSINESS AND POTENTIAL FOR PROFITS DIRECTORS' FEES ONLY RM800,000

AND THEY MANAGED 47 FULL FLEDGED MBSB BANK BRANCHES IN BOTH WEST AND EAST MALAYSIA

6) MANAGING MORE THAN RM30 BILLIONS IN CAPITAL THEY ONLY TAKE A MERE RM800K SALARY?

THIS IS CHEAP LABOUR.

7) MBSB BANK VERSUS ICAPBIZ

In contrast with DIRECTORS OF MBSB BANK TAKING A SMALL RM800K MANAGING 47 BANK BRANCHES TAN TENG BOO OF ICAPBIZ TOOK A RM8.6 MILLIONS PROFESSIONAL FEES MANAGING ABOUT A DOZEN STOCKS - AND THAT PASSIVELY

AT RM8.6 MILLIONS THAT IS ABOUT 62% OF THE TOTAL PROFITS OF ICAPBIZ

TTB takes 10 Times more monies (Rm8.6 Millions) than Directors of MBSB Bank (Rm800K) but only managed a small portfolio of stocks passively which MBSB BANK DIRECTORS ARE BUSILY TRANSFORMING 47 MBSB INTO FULL FLEDGED ISLAMIC BANKS

JUST SEE THE STARK DIFFERENCE OF ZOMBIES IN STUPOR IN ICAPBIZ BEING ROBBED!

8) THIS SHOWS AN OUTSTANDING COMPANY AND AN EQUALLY OUTSTANDING MANAGEMENT IN MBSB BANK

MBSB?

MBSB = Must Buy Safe Bank
01/09/2019 3:39 PM
calvintaneng Remember these facts

Icapbiz Ttb gets rm8. 6 millions in fees managing a dozen stocks passively while mbsb bank directors only get rm800k managing 47 mbsb banks actively and hands on

Icapbiz gives zero dividends to shareholders as Ttb already taken 62% of the profit

Mbsb bank is able to give a 6% dividend currently and even more in coming years as profits expected to up after it turned into full fledge bank

So best time to switch out of icapbiz into the safety of capital protection and preservation in mbsb bank
02/09/2019 12:21 PM
calvintaneng See the difference

1. Icapbiz has about 12 stocks (all passive investments. Nothing to do at all after buying)

2. Mbsb bank has 47 branches doing real business. Now refurbishing from Asia Finance Bank to Mbsb Bank. Lots and lots of avtive work

3. Ttb fees is a whopping Rm8. 6 millions while share price languishing
A more honest fund manager like Walter Schloss won't even charge a fee if fund not performing

4. Mbsb bank directors only took a combined fees of rm800k managing a bank with over rm30 billions fund

5. Ttb taking rm8. 6 millions equal to 62% income of icapiz doing very little

6. Mbsb bank bosses taking rm800k is peanut

7. Icapbiz will not be able to give dividend for the next 5 years as capital gain is siphoned off

8. Mbsb bank is able to give ever increasing dividend as Company expects to grow and grow while icapbiz stagnates
02/09/2019 12:30 PM
calvintaneng Capital gain is siphoned off by very high fees not commensurate with performance
02/09/2019 1:04 PM
fong7 calvintaneng, are you kidding me? mbsb bank has zero similarity with icap, there are totally not comparable. There are 1000 other stocks that is NOT related to icap, no similarity of any kind. Are you going to introduce us one by one?
03/09/2019 6:17 AM
fong7 AGM coming, any shareholders going to attend and shout at TTB?
05/09/2019 9:40 AM
yoyo better burn my money myself... loss also happy
06/09/2019 11:32 AM