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!!!!!!!

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

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
Follow us: @SinChewPress on Twitter | SinChewDaily on Facebook

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
Follow us: @SinChewPress on Twitter | SinChewDaily on Facebook

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.

Sweet girls around cannot concentrate lah , pick sweet girls are paramount important than picking stocks for icap shareholders,.
Anyway, with 7 million easy money yearly, age already sixty plus, still don't enjoy , silly isn't ?
Previous stingy , save money pattern were just acting lah, icap shareholders are mostly grateful ,easy fool investors, if necessary, hide more traveling with sweet girls to advertising expense in 2015 accounts. Why worry.

A friend of mine questioned him during his recent road show,
Quote
Mr, Tan ,you have been saying the market is over valued in bursa since 2010, just wait, .......what if 3 years later, market not crash, what are you going to do?
Unquote

You know what did he reply , I will continue to ask you to wait lah , that's all. Sarcastically!

If a genuine and sincere fund manager will admit to you that he misread the markets in last couple of years and immediate apologies and said sorry for his past actions. Alternatively, excess cash in hand will be deployed for useful purposes for the benefit of shareholders.
Of course, I also expect him to said he should cut his fees in the event his forecast is wrong again in next 3 years.
That is why I say he his more concern of his 7millions yearly fees than the interst of existing icap shareholders.

Whereas for icap, of course it depends on fund managers forecast on the market, other fund managers are loading up in the equity since 2010 while he choose to liquidated from equity and keep cash. Market is not waiting for him, obviously, he had made a severe mistakes not only for 2010 , but since than, in each AGM or EGM or his invited Seminar,did you see him candidly admit his mistakes? Apologise? Instead , he keep saying he is damn good! I , as icap shareholders have the right to question him, isn't it?
Market is over-valued in bursa now according to a numbers of fund managers,did he make any proposal to deployed part of cash either return to shareholders in the form of dividend or use for any purpose he deemed correct.

at that time, pintaras directors MD was drawing $800,000 P.a while $100 millions in the bank.(figures may not be accurate because i based on my memory only)

I guess,the boss of Pintaras Bhd listened to the advices from his Fund managers while at that pertinent time,construction activities also down. With shareholders interest in mind, he was rightly deplyoed company's money and let fund managers invest heavily in equity market.
If I did not remember wrongly, he said it very clearly in sta-paper during the AGM of 2009 or 2010, asked the shareholders to be patient with him and if the cash in hand was not generated a fair returns, he didn't mind to propose a capital repayment.

Noby,
TTB wants his puppet directors, no competent boards of directors just like no boass around, Of course, shameless TTB will "eat snake" as suggested by Lim Kian Leong.

Nobly,
Have you heard worshipping investing, as long as TTB walks I front his die hard supporters will not u- turn regardless whether TTB is bring them to Holland or not.

Walau2u,
If you see his international global fund ", lagi si", Compounded 4.2 % since inception in 2007. I was invited to invest in this opened fund with minimum us$200,000, I remember very well I told him the market at that time was in the high side,he tried to convinced me that see who is the fund manager? As long as the fund manager know how to get his work done, anytime is the good time to invest. See how he used his words. I was lucky as my mind is still with me and not carried away.

Walau2u,
That is the reason I keep calling him as a shameless fund manager. Face damn thick.

Now, all of you can "rasa" what I meant inin my earlier threads about sleepy icap fund manager's so called die hard supporters.
Instead of convince us by facts, when TTB dislikes your question, he will pick up petty issues and his die hard supporters will joint in to yelled at you or ask you sit down, go home ,etc...

Kian keong lim,
It is rather funny ask Kc Chong not to buy icap as the company is listed in bursa, why don't said it the other way, instead should ask TTB and is die hard supporters privatize it so KC Chong has no chance to participate the robust and burst of the company.

Immediate after sub prime, Pintaras bhd's boss loaded his company's excess fund and allocated to 2 fund boutique fund houses , one is Singular Assets management, the other is Pheim Assets management, both of the fund houses helps to generate a substantial returns for the company since 2010 . What else can our sleepy TTB fund manager say?

To simplify, when a fund manager has reached his conform zone, 7million fees per annum, you cannot expect him to lead the fund, he has no fighting spirit, if you ask him to continue his job, he will take the easy way out.
One suggesting,, the fund is to split into 2 portions, engage 2 fund managers let them compete among themselves.

Stockoperator, that should be the function of a fund manager. Unless, he forecast the market is at the extreme high side, excessive cash should not be kept in the bank but should be deployed to generate higher NAV.
Don't tell me our respected KC Chong ,i3 investors forumer ,can pick quite a numbers of valued stock with returns of some even exceeding 100% since 2010, where else icap fund manager TTB claimed that stocks from the the same market is overvalued in the same period?
In the past few years, I have attended a few speakers from various funds houses listening to their quarterly market outlook, ,most of the speakers higlighted the world economy is moving in positive directions and is getting better since 2010. They encourage me to load up in equity market.
That is the reason I dare to say icap hundred manager is sleeping on his job.

Posted by ardourboy > Nov 23, 2014 09:04 PM | Report Abuse

Kindly be reminded that Mr. Tan is actually employed to work for I-CAP, however, it seems he is the only key person that gets to decide whom to sit on the board of directors, and history has shown he does not welcome any other person other than his own selection. This worries me a lot, that this will jeopardize the interest of shareholders, where even the major shareholder's sole purpose is to safe guard their investment is being denied by Mr. Tan.

It is very serious that Mr.Tan only holds 1% of I-CAP shares, but he has exerted more controlling power and dominate the I-CAP than combined Laxey Partners and City of London of 12%.

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.

Hahaha, what wonderful joke for a day!