If supermaax drop more, Stanley will take opportunity to privatize it and list it in oversea.

So, what's so great about his right,he has been shouting market will collapse one day since 2009.

What patient ? What about opportunity cost of holding cash in last 5 years?

Of course he is so worry to be kicked out and lost his big fat fees with just sleeping with his job.

Similarly, when Umno can't performed cannot convinced non Malay to support them during GE 13, they used their Umno AGM to make unfounded slandering and bombarding Non Malay . What else can they do?
For any company listed in bursa, what makes shareholders happy is their returns not worshipping.

Why resort to personal attack as well as worshipping because ttb's followers are not thinking independently and rationally. They can't argue or convince others why last 4 years return of icap is horrible compare with what Murali describe as so called Donkey. Once ttb said waiting, though 4 or 5 years of wrong forecasting, they remain " yah ,betul, let's waiting. "
Not just that, TTB started this year with a slogan " waiting is a form of working for fund management " as described by a professor of US, his die hard followers will also blindly shouting his slogan without considering how many years of wrong forecasting he had made. How much fees he had collected .
What about shareholders returns?

So called Superinvestor Mr.KYY? So many are condemning him now, I think his supporters should also come to this forum and ask those who disagree with his title to go away or shut up.....hahaha, what a stupid mentality.....

We are discussing the company by facts and its history and not to scold people or asking people to get lost,
By all means if the forumer can highlight points and facts to support his argument and is logical, though we disagree , we still respect him .

No personal intelligent, survive by way of ball carrier and if you give him a small praise, he will treat you higher than his biological parents.

This is the typical Perkasa and Umno argument, helpless ,brainless and no facts and looks stupid in this i3 investors intelligent forum.
People with this mentality is nothing except ball carrier, has no different to members of MCA,MIC and Gerakan

Dual listing is just and only gimmick of shameless fund manager to bring his die hard supporters to holland.
1. Just look at his performance of his icap global fund and icap international fund from day of its inception. What is the return? If one to invest locally in last couple of years, he can easily beat him.
2.the bigger the fund ,the better, he get more fees .
3. A small timers operates buy and sell in foreign countries involve higher brokerage fees(more than 1% per transaction) and forex changes, is it worth the effort ?

His current immediate task with the board of directors is to deploy ways to close the gap of icap NAV and it's share price. But he try to blur his supporters attention.

Murali
Agreed precisely what you have said.
This so-called idol investing instead of value investing .haha.......

Wow, 72% great fools are supporting me! I can sleep soundly already and 7millions 袋袋平安。

吉隆坡30日讯）资本投资（ICAP，5108，主板关闭式基金）重新委任东姑阿都阿兹为董事的议程，只获得72.96%的赞成票，因此议程不被通过，挑战派险胜并达到目的。

资本投资今天在马华大厦继续举行早前被延展的股东大会，以投票方式表决第四项议程，即重新委任东姑阿都阿兹为董事。

大会历时约2个小时半，重新委任东姑阿都阿兹为董事的议程，最终宣布获得72.96%的赞成票，仅略低于75%的门槛。

挑战派觊觎席位

针对这项结果，资威资产管理（Capital Dynamics）董事经理陈鼎武相信，持股11.39%的挑战派———伦敦投资管理公司（Cityof London Investment Management Co Ltd）和欧洲对冲基金拉克西（Laxey），估计会在短期内召开股东特大，委任三名董事入局。

他表示，如果小股东不站出来反对，一旦对方所指定的三名董事入局，资本投资辛苦经营的成就，恐怕会毁于一旦。

“对方早前在解释信内表示，反对东姑阿都阿兹为董事的理由，是后者没有相关经验。

可是，他们早前要委任的那三位董事，其中两人，在关闭式基金领域也没有相关经验。”

陈鼎武表示，挑战派今天依旧没有派代表出席大会。

“对方现在持有约1600万股股权，若要在股东特大推翻他们的议程，需要超过持股1600万股股权的小股东投下反对票。”

他坦言，若本次议程顺利通过，相信挑战派未来也会继续采取行动入驻董事部。

出席股东减少

虽然陈鼎武早前一直呼吁股东踊跃出席今天的股东大会，履行作为股东的责任，不过，今天大会现场的股东人数，明显比原先的股东大会要少。

据悉，虽然亲临现场的股东人数有所减少，不过，该公司收到的代理投票甚多，但仍不足以构成75%的赞成票。

新闻背景

伦敦投资公司争董事

两年前，资本投资就曾掀起董事争夺战，“挑战派”正是伦敦投资管理公司和拉克西。

当时，拉克西提名3名代表（包括创办人安德鲁）进入董事部，原因是认为资本投资股价与净资产值（NAV）出现巨大价差，因此，要求加入董事部纠正一切。

惟那一年挑战派得票率不超过14%，陈鼎武的阵营大获全胜。今年，资本投资在10月11日举行的股东大会临场“夭折”。

因为大会主席在股东大会举行的前两天，才接获持股11.39%的伦敦投资管理公司和欧洲对冲基金拉克西致函，委任大会主席在第四项议案时，代投下反对票，反对重新委任东姑阿都阿兹为董事。

陈鼎武认为，当天才知道此事的小股东无法做出明智的决定，因此，要求延展股东大会至11月30日，再针对此议案进行投票。

http://www.nanyang.com/node/665856?tid=462

你全馬走遍要小股东支持你，你想的美。去吃屎吧！

要是你l心、中有照顾小股东，我想他们也㑹出席投票支持你。可是你没有，你想你自己的7百万酬劳。不是现在完蛋了， 往后也完蛋了。

Murali,
TTB not just " chun" this round for his market prediction but he confirmed , and already brought his die hard supporters to Holland in last 4 years while as you said, donkey also can outperformed him.

Calvin, please lah, my intention is to highlight to icap shareholders that they are ill- treated by shameless icap fund manager ,TTB who collected money and place in banks for since 2011 and drawing $24million fees for himself.
What did shareholders get? Just told to wait and be patient!!!!!!!!
I don't have ulterior motives.

So now everybody knows a donkey also better than shameless icap fund manager TTB .
Cheers

Shareholders must control the board of directors , then, board of directors can engage new fund manager or revise the terms with current fund manager.

KS 55, unfortunately a Lot of his loyal supporters not thinking along like you, they don't mind idle their money with him and let him collect big fat fees while get nothing. How silly isn't it.

TTB don't want others major shareholders to t interfere his management of icap, I suggest he should privatize the company with his hard core supporters.
Can't win in legal way, then talk about moral and ethical non sense. What a his grandmother 's ways?

At least , my effort for last 8 days were not wasted.

Hahaha, TTB finally goe defeated, his puppet Tunku Abdul Aziz was not re-appointed .

See how the behavior of this icap fund manager TTB is!!!!!
He said 12% major shareholders city lot London n Lacey wrote to him instead should write to board of directors and other shareholders informing their objection of Tunku Abdul Aziz bin Tunku Ibrahim to be re appointed as director tomorrow .Can you believed what he said?

1 I am one of the sharehoders of icap, do you think city of London know my address.?

2. Do you think City of London is that stupid to address the issue to him?
Currently ,he is merely employed by icap to pick stocks only.

It only tell us how arrogant and dishonest a person he is!!!!!!!

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倫敦投資2原因否決阿都阿茲‧陳鼎武：理由不足
2014-11-28 17:17

（吉隆坡28日訊）資本投資（ICAP，5108，主板封閉式基金組）大股東倫敦投資管理公司（City of London Investment Management）終打破沉默，以“基金認知”和“退休太久”兩大原因，向董事經理陳鼎武解釋為何否決敦姑阿都阿茲連任董事議程。
但陳鼎武認為，倫敦投資管理解釋理由不足，更點出為何相關信函只向他作出解釋，而非董事部、大馬股票交易所，甚至是3千400位基金股東？
倫敦投資管理發文告指出，根據其封閉式基金企業監管和投票政策（第9版）報告，清楚闡述封閉式基金的經驗和認識遠比對基金投資的國家或區域知識來得重要，後者是由董事部委任並發薪提供技能的經理職責。
同時，倫敦投資管理也對敦姑阿都阿茲的退休時間過長感到擔憂，因“若一位董事已退出活躍的職場生活超過5年，他就不應重新開始一個新任期。”
“倫敦投資管理相信在相關條件外的董事技能和貢獻可能脫離現有商業實踐方案，或董事部帶來長期實際增值效益。”
不過，資本投資回應稱，作為大馬第一和唯一的封閉式基金，資本投資的董事對封閉式基金有必要的認知才是合情合理的。
此外，資本投資也質疑倫敦投資管理的“活躍就業”定義，認為敦姑阿都阿茲現為大馬反貪基金會主席，也自2011年起擔任公司董事，難道還不算是“活躍就業”？
整體來說，陳鼎武對倫敦投資管理展現出的高人一等態度感到非常失望，認為“倫敦投資管理的解釋並不足、缺乏基礎和站不住腳的，股東們並無法因此作出合理的決定”。
陳鼎武是在本月17日的媒體匯報會上指出，若倫敦投資管理基金是負責任的投資者，就該向其他股東解釋為何拒絕讓敦姑阿都阿茲連任董事。
在倫敦投資管理基金的阻撓下，資本投資在上月11日舉行的股東大會中，無法通過讓敦姑阿都阿茲連任董事的議案；由於股東要求，資本投資決定暫時保留該議案，並在本月30日再次召開股東大會，第二度尋求讓敦姑阿都阿茲連任。（星洲日報／財經）


點看全文: http://biz.sinchew.com.my/node/106380?tid=7#ixzz3KRmJuj00
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See how the behavior of this icap fund manager TTB is!!!!!
He said 12% major shareholders city lot London n Lacey wrote to him instead should write to board of directors and other shareholders informing their objection of Tunku Abdul Aziz bin Tunku Ibrahim to be re appointed as director tomorrow .Can you believed what he said?

1 I am one of the sharehoders of icap, do you think city of London know my address.?

2. Do you think City of London is that stupid to address the issue to him?
Currently ,he is merely employed by icap to pick stocks only.

It only tell us how arrogant and dishonest a person he is!!!!!!!

&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&

倫敦投資2原因否決阿都阿茲‧陳鼎武：理由不足
2014-11-28 17:17

（吉隆坡28日訊）資本投資（ICAP，5108，主板封閉式基金組）大股東倫敦投資管理公司（City of London Investment Management）終打破沉默，以“基金認知”和“退休太久”兩大原因，向董事經理陳鼎武解釋為何否決敦姑阿都阿茲連任董事議程。
但陳鼎武認為，倫敦投資管理解釋理由不足，更點出為何相關信函只向他作出解釋，而非董事部、大馬股票交易所，甚至是3千400位基金股東？
倫敦投資管理發文告指出，根據其封閉式基金企業監管和投票政策（第9版）報告，清楚闡述封閉式基金的經驗和認識遠比對基金投資的國家或區域知識來得重要，後者是由董事部委任並發薪提供技能的經理職責。
同時，倫敦投資管理也對敦姑阿都阿茲的退休時間過長感到擔憂，因“若一位董事已退出活躍的職場生活超過5年，他就不應重新開始一個新任期。”
“倫敦投資管理相信在相關條件外的董事技能和貢獻可能脫離現有商業實踐方案，或董事部帶來長期實際增值效益。”
不過，資本投資回應稱，作為大馬第一和唯一的封閉式基金，資本投資的董事對封閉式基金有必要的認知才是合情合理的。
此外，資本投資也質疑倫敦投資管理的“活躍就業”定義，認為敦姑阿都阿茲現為大馬反貪基金會主席，也自2011年起擔任公司董事，難道還不算是“活躍就業”？
整體來說，陳鼎武對倫敦投資管理展現出的高人一等態度感到非常失望，認為“倫敦投資管理的解釋並不足、缺乏基礎和站不住腳的，股東們並無法因此作出合理的決定”。
陳鼎武是在本月17日的媒體匯報會上指出，若倫敦投資管理基金是負責任的投資者，就該向其他股東解釋為何拒絕讓敦姑阿都阿茲連任董事。
在倫敦投資管理基金的阻撓下，資本投資在上月11日舉行的股東大會中，無法通過讓敦姑阿都阿茲連任董事的議案；由於股東要求，資本投資決定暫時保留該議案，並在本月30日再次召開股東大會，第二度尋求讓敦姑阿都阿茲連任。（星洲日報／財經）


點看全文: http://biz.sinchew.com.my/node/106380?tid=7#ixzz3KRmJuj00
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I should add more loical reasons,
Currently,TTB managing 3 funds personally, one called icap Bhd, the other 2 covers world wide, according to him, they cover 40 countries.
With 24 millions fees he received from icap Bhd since 2010 -2014, he tour around the world instead of taking care the interest of icap shareholders with his sweet and pretty girl staff.
Icap board of directors are just his puppet , icap shareholders are grateful and easily fool.
Company law is interpreted as his wishes. Suka-Suka AGM resolution passed by hands voting, Suka-Suka by votes counting
You don't know when he will uses his personal capacity such as shareholders, fund manager ,or representing board of directors. Power is vested on him, TTB only. Of course, expenses incurred by him mostly will be charged and absorbed by icap Bhd
That's way, 2011 - 2014 he is underperformed .

Mr.Deepmarine,
Can you share with us when did you start to keep cash instead of investing.
From 2009,2010, 2011.... or only started recently.

Now, our shameless fund manager ,TTB not try to explain his rationale why he insists of letting Tunku Aziz bin Tunku Ibrahim re-appointment as icap director but try to stir race issue. Not just shameless but a bastard.

Tan Teng Boo has called City of London Investment Co Ltd’s explanation to why it is opposing the reappointment of icapital.biz Bhd’s director Tunku Abdul Aziz Tunku Ibrahim “ inadequate, baseless and utterly weak.”
City of London, together with Laxey Partners Ltd have announced that they will oppose the reappointment of Tunku Aziz. The two collectively hold 11.39% in the fund. The duo had submitted their proxy vote to oppose the reappointment just two days before the fund’s annual general meeting on Oct 11, 2014.
Their move was heavily criticised by Tan Teng Boo who is both the fund’s manager and a shareholder. He had questioned the timing, lack of explanation and motives of City of London and Laxey in opposing Tunku Aziz’s reappointment.

In his capacity shareholder, Tan put forward a motion to adjourned the AGM to a later date in view of City of London’s move. The adjourned AGM will be now held on Nov 30, 2014, and Tan has called for shareholders to turn out to make their votes.

He has also repeatedly asked City of London to send a representative to explain their decision despite the fact it is under no obligation to do so. Tan has suggested that it is the morally right thing to do

In a written response to Tan, City of London explained that they were opposing the reappointment because that they are concerned over the length of time since Tunku Aziz retired from active employment and his knowledge about close ended funds (CEFs) such as icapital.biz.

Tan has since reacted strongly to the explanation. Aside from referring to it as feeble, he has also chided City of London for only the letter to him and not the “entire board, Bursa Malaysia and all 3,400 shareholders.”

Addressing City of London’s explanation regarding Tunku Aziz’s position, Tan said that the issue of specific knowledge of CEFs would apply to all icapital.biz’s directors. Tan also questioned why Tunku Aziz was the only one being targeted.

He said “being the only listed closed-end fund in Malaysia, it is only logical that none of the directors of icapital.biz have requisite understanding of closed-end funds. Why is there a targeted attempt made by the foreign fund to single out Tunku Aziz? What are City of London’s ulterior motives?”

Furthermore he questioned what City of London’s definition of ‘active employment’. And pointed out that Tunku Aziz is the current president of the Malaysian Anti-Corruption Foundation and has been a director of icapital.biz Berhad since 2011.

He questioned the integrity of the foreign investment firm and said “the letter by City of London is a clear testament of the foreign fund’s lack of integrity. By giving such superficial reasons for the opposition of Resolution 4, the foreign fund makes a mockery out of the other 3,400 shareowners.”

Tan suggested that City of London was trying a repeat the attempt it made in 2012 to displace several directors and replace them with nominees of their own. He also asserted that the firm focus on Tunku Aziz is a “classic divide and rule tactic…as they know that the person in Resolution 4 (Tunku Aziz) is not popular with the Chinese investors.”

http://www.kinibiz.com/story/corporate/124816/uk-firm%E2%80%99s-explanation-over-tunku-aziz-feeble-tan-teng-boo.html?utm_source=applet_mkinicom&utm_medium=web&utm_campaign=mkinicom

MAJOR SHAREHODERS 's letter to icap Bhd was not published and announced in Bursa officially .
How come this shameless shareholders know such a letter exist?
Who actually does not have integrity ?

Those icap shareholders with rational mind will definitely agree with 李文龙。

以少欺多？
Author: Tan KW | Publish date: Fri, 28 Nov 13:29



2014-11-28 11:23

被本地一些投資者喻為“大馬股神”的陳鼎武，向資本投資（ICAP，5108，主板封閉式基金組）最大單一股東——倫敦投資管理基金唱反調，顯示他不屈服“老闆”之下，相信令一些小股東大快人心，惟卻也引起一些疑問。

倫敦投資管理基金在今年10月11日舉行的股東大會中，讓東姑阿都阿茲連任董事的議案無法通過；並在股東要求下，資本投資決定暫時保留該議案，並在11月30日再次召開股東大會，第二度尋求讓東姑阿都阿茲連任。

誰說投反對票一定要透明，只要跟著法律及程序跑，沒有違法，相信並不一定要向市場公開其投票決定的詳情。雖然說要有道德與責任感問題，若是能夠做到這點，實是錦上添花，不過，這卻是個客觀問題及沒有法律約束，胥視各人的情況或各自理由而定。

若要東姑阿都阿茲連任，更應該是解釋為甚麼一定要東姑阿都阿茲連任的詳情與理由，特別是他對公司的貢獻，為甚麼公司不能缺少他等，以讓許多有權投票的小股東瞭解來龍去脈，以做出正确選擇，這才是較為妥當途徑。

同時，該公司也不能代表沒有出席的大多數小股東定下他們的立場。

或許陳鼎武在第一輪股東大會汲取了經驗與教訓，即在較後第二輪的股東大會之前召開新聞發佈會，以宣佈詳情，實是正确的做法。而避免在大會達致結果後才來亡羊補牢，甚至再勞師動眾再召開另一次的股東大會，進行同樣的議案。

這也顯示該公司不尊重第一輪的大會，無論它的結果如何，只要是符合法律與程序，有關議案結果應受到尊重及被接受，而不是加以拒絕及重新再選。

在一個自由市場裡，小股東的利益固然不可以被忽略，若以此准則，大股東的應有權利，也應受到尊重，只要沒有犯法，一切照著程序行事，聆聽及考慮所提出的要求，這是個原則上問題。

若是要避免今次事件重演，特別是要抵擋諸如倫敦投資管理基金的大股東任何不想看到的發展，有關人士包括管理高層等，就最好成為持有更多股權的大股東，或至少擁有一個支持管理層的大股東，相信這才適當及無爭議，從而保住屬意的董事甚至是管理層及基金經理人選等。又或是爭取另一大股東的認可與支持。

目前該公司沒有其他單一大股東，大多數股票皆落在散戶手裡。若是這樣的話，要在股東批准的事項中，最好之前就做好準備，事先設法儘量說服散戶股東。同時，也應該擁有一定的風度，實不必要對大股東之一，給予指責或暗示影射。

若是大會選出的結果，都未被重視及加以執行，這可能被視為對外資不公平，反而壞了大馬市場的信譽。只要合符法律，誰都可以成為上市公司的股東。他們應有的權利也該受到保護與尊重。（星洲日報／焦點評析：李文龍）


點看全文: http://biz.sinchew.com.my/node/106329?tid=17#ixzz3KL20srEj

以少欺多？
Author: Tan KW | Publish date: Fri, 28 Nov 13:29



2014-11-28 11:23

被本地一些投資者喻為“大馬股神”的陳鼎武，向資本投資（ICAP，5108，主板封閉式基金組）最大單一股東——倫敦投資管理基金唱反調，顯示他不屈服“老闆”之下，相信令一些小股東大快人心，惟卻也引起一些疑問。

倫敦投資管理基金在今年10月11日舉行的股東大會中，讓東姑阿都阿茲連任董事的議案無法通過；並在股東要求下，資本投資決定暫時保留該議案，並在11月30日再次召開股東大會，第二度尋求讓東姑阿都阿茲連任。

誰說投反對票一定要透明，只要跟著法律及程序跑，沒有違法，相信並不一定要向市場公開其投票決定的詳情。雖然說要有道德與責任感問題，若是能夠做到這點，實是錦上添花，不過，這卻是個客觀問題及沒有法律約束，胥視各人的情況或各自理由而定。

若要東姑阿都阿茲連任，更應該是解釋為甚麼一定要東姑阿都阿茲連任的詳情與理由，特別是他對公司的貢獻，為甚麼公司不能缺少他等，以讓許多有權投票的小股東瞭解來龍去脈，以做出正确選擇，這才是較為妥當途徑。

同時，該公司也不能代表沒有出席的大多數小股東定下他們的立場。

或許陳鼎武在第一輪股東大會汲取了經驗與教訓，即在較後第二輪的股東大會之前召開新聞發佈會，以宣佈詳情，實是正确的做法。而避免在大會達致結果後才來亡羊補牢，甚至再勞師動眾再召開另一次的股東大會，進行同樣的議案。

這也顯示該公司不尊重第一輪的大會，無論它的結果如何，只要是符合法律與程序，有關議案結果應受到尊重及被接受，而不是加以拒絕及重新再選。

在一個自由市場裡，小股東的利益固然不可以被忽略，若以此准則，大股東的應有權利，也應受到尊重，只要沒有犯法，一切照著程序行事，聆聽及考慮所提出的要求，這是個原則上問題。

若是要避免今次事件重演，特別是要抵擋諸如倫敦投資管理基金的大股東任何不想看到的發展，有關人士包括管理高層等，就最好成為持有更多股權的大股東，或至少擁有一個支持管理層的大股東，相信這才適當及無爭議，從而保住屬意的董事甚至是管理層及基金經理人選等。又或是爭取另一大股東的認可與支持。

目前該公司沒有其他單一大股東，大多數股票皆落在散戶手裡。若是這樣的話，要在股東批准的事項中，最好之前就做好準備，事先設法儘量說服散戶股東。同時，也應該擁有一定的風度，實不必要對大股東之一，給予指責或暗示影射。

若是大會選出的結果，都未被重視及加以執行，這可能被視為對外資不公平，反而壞了大馬市場的信譽。只要合符法律，誰都可以成為上市公司的股東。他們應有的權利也該受到保護與尊重。（星洲日報／焦點評析：李文龍）


點看全文: http://biz.sinchew.com.my/node/106329?tid=17#ixzz3KL20srEj

Everybody commit something requires accountability, I guess Lacey Partners and city London also need to accountable for their investing in Icap Bhd.
It is a matter of time they will strike back as long as gap of NAV and share price not narrow down to an acceptable level. I think it will not be long.
1st step is to make sure during this coming adjourned AGM on 30-11-14 at Wisma MCA 9am sharp, Tunku Abdul Aziz bin Tunku Ibrahim is voted against and not be re-appointed as board of director.
Shareholders of icap with personal interest should attend to play their role .

shameless fund manager got big pay cheques, shareholders(TTB called shareholders as shareowners) get What?????, share price stagnant.

What about shareholders interest,Icap share price stagnant around $2.25 to $2.4 in 2013 to 2014

Laxcey Partners and city of Londons who owned 12% shares in the company, wants to appoint a director of his choice to protect they interest in icap, shameless TTB who only owns 1% said, Laxcey partners has an ulterior motives.
Infact, who actually has an ulterior motives? he himself, he draws abt 7million fees in 2014

TTB to control Icap and in order to treat it as his grandfather's company, he picks directors of his choice.
suka-saka, he speak as fund manager,
suka-suka, he speaks on behlf of board of directors
suka-suka, he speaks as shareholders.

Murali,
I bought during ipo and added on during its initial listing. I sold all when it was traded at substantial premium.
I pick it back in 2009 around $1.4 plus and sold some before previous EGM.
However, I being the investors of any company, I will voice it out as long as the key personnel of the company not doing things correctly. Of course, I also not stingy to praise those major shareholders who take care the interest of the company.
At the end of the day, what I am concern the most is my investment returns.

Somebody questioning TTB ' s integrity...

http://ck5354.blogspot.com/2014/11/icap-tunku-aziz-oh-icap-tunku-aziz.html

Well said stockoperators. Your simple demand from interest of shareholders point of view should not be considered difficult to be fulfilledfrom .

Is icap fund manager, TTB has integrity ?


http://ck5354.blogspot.com/2014/11/icap-tunku-aziz-oh-icap-tunku-aziz.html

For any resolutions either in AGM or EGM,Did proxy form for public listed company allow you to write anything other than mark a "x" for to support or to against.....
Only , shameless TTB try to show off !!!! As if what ever he said is a law , every one must follow, pui.

But the fee supposed to meant for full time job. must ask the board of directors. Isn't it

Mr. Kc Chong,
I would like to add another question
When he was appointed by icap biz Bhd in 2005 the fees structure were :-
management fees0.75% of NAV
Investment fees0.75% NAV

But in 2007 he formed icap Global opened fund and in 2009 he formed icap international fund,
That means he is paying for 1/3 attention on the icap biz Bhd but fees structure remain the same.

Mr.Kc Chong, your effort for hunting valued company in bursa Malaysia to me, must be is a full time job in order to achieve a satisfactory returns. Is my guessing correct?

Posted by chanky50 > Nov 27, 2014 11:16 AM | Report Abuse

In my last 35 years of involvement with stocks, I have seen many stars at the market peaks but I have also seen many dead bodies at the market bottoms. I expect to see more dead bodies at the next bottom. It is good to be cautious. The wolf will finally come.

Mr Chanky50,
Please bear in mind icap supposed to be managed by a professional who has a duty to continuously looking for any under valued stocks in Bursa Malaysia for investment.
He is also paid a total of 24million since 2011 to 2014.
If you are running a trading company , your staff is highly paid for certain interval yet each time you question him his sales result, he come back with zero sales, you just tell him never mind , market is bad , be cautious of bad debt.

Posted by Jonathan Keung > Nov 27, 2014 11:12 AM | Report Abuse

Icap was launch when the market KLCI were down at the low end( if i remember correctly ) At that point of time anybody who have invested will make his money.

Icap (TTB) strategy was ride on the upside when the market recover 2-3 years down the road. Nothing wrong but when the market was see-saw between 2008-2009, 2012-2013

Icap was sitting pretty on the cash instead of investing. you can call it conservative but more like playing safe by TTB . Nonetheless, if you like TTb style of investing than go ahead . If you dont like just dont buy Icap. quite straight forward

Mr.Jonathan,
Since 2010, he started to liquidated equity and keep cash ,may I ask you how do you know he has changed his style of investment from 2005 to 2009, During AGM, did he discussed or hinted to you that he intent to cash out up to today?
How many existing investors of the company aware of his style changed from 2010 to 2014? Or even from now on?
As a value investing company, other same categories of fund managers can still find valued company in Bursa from 2010 to 2014,, TTB can't, it was either others worked much harder while he was sleeping on his job.
My concerned as an investors is my investment returns compare with similar type of company/fund houses in the same period.
Similarly, if you are a boss, your workers not perform to an agreed bench mark, you just close shop. Switch to other business.

Posted by kcchongnz > Nov 27, 2014 11:03 AM | Report Abuse

Posted by MG9231 > Nov 25, 2014 06:46 PM | Report Abuse

Tony, precisely how many 5 years do an investor have?
But do you think icap shameless fund manager care?
If icap managed by KC Chong I, as shareholder will be 300 % more wealthy now.
Unfortunely, in contrast a total of 24 millions have to paid to the sleepy yet shameless icap fund manager TTB for nothing.

My friend MG9231, this statement of KC Chong managing icap is unproductive discussion. Let get into the real issue with what is wrong with icap fund.

Ok , noted
My intention was to emphasize to other icap existing shareholders a very important point where you can achieve 300% cumulative returns since 2010 but icap was much underperform in the same period.
I am not like others idolize who ever outperform .

SOS , kelvintaneng

I appeal to those who know his the other side of characters please contribute or share it with us, as a icap shareholders, fund managers is the key personnel who may ruin and destroy the value of the company easily. By knowing more on the other side of him is paramount important.
I still remembered when he fenced of Laxey partners in previous EGM, he even went to the extent of killing the personal characters of Laxey partners.