@Icon8888, you expect a +ve return on ABMB by end of this yr ?

or the steady brewery carlsberg & Heim that has seen continue solid gains

prospects for Banking sector does not look bright this year. Could it be worthwhile to reduce/switch to other sectors like Constructions,Steel,Plantation that seem to be reviving, at least for first half of this yr? just my 2 c

@scotthong from the technical readings, what is the likely direction of GKENT's price movement and is it time to switch to a stock with better growth excitement ? tq

it seems that a simple way to reduce the discount on ICAP NTA n market price, is to declare annual dividends to holders, at a rate that is deem attractive to the market.
This will make easier to compare with open-end funds , in terms of actual returns to the holder.
As it is, holders do not benefit from the high NTA n need to sell at discounted market price.

maybe i will , nxt agm..

Johndole,

1) could it be ICAP now is just resting on its laurels, of past high NTA growth in the early yrs ?

2) Based on your view, is there a high possibility the fund may incur negative NTA growth again for 2020, based on the declining NTA growth trend, past few yrs.

2) Is it noted in the AR that capital preservation is the primary goal of the fund now ?

3) i read that ICAP invest in undervalue companies in Bursa for superior compounded performance.
If after more than 6 yrs, still cannot find any undervalue share to invest in, what could be the issue ?
4) Could it be ICAP's defination of 'value investing' is now too rigid, of a past era that is losing relevant to the changing equity market today ?

ie the investing world of stks has changed but our view of stks has not changed
eg thematic stks vs undervalue stks

5) Many of us here, viewed ICAP fund mgr as the Warren Buffet of Msia at one time.
Warren Buffet has seem to change his investing world view with time,
Has our Msia WB, still in his purist frame of mind ?

6) If in all honesty, true to his investing philosophy, the fund mgr cannot find any stks worthy of risk,
is it fair to ask that, the mgr inform his customers, the holders, this and give the holders an option to decide, what to do with their investment ?

thks

the trend is worrying...


Posted by ahbah > Oct 24, 2019 4:23 PM | Report Abuse

As the Company is a closed-ended fund, a better indication of its performance would be the movement of its Net
Assets Value (“NAV”). The Company’s NAV decreased to RM445.92 million as at 31 August 2019 from
RM499.05 million as at 31 August 2018. This resulted in a reduction of NAV per share as at 31 August 2019 to
RM3.19, compared with NAV per share of RM3.56 as at 31 August 2018, a decrease of 10.39%.

aftr 6 yrs of strategy that did not work out, to achieve 'commitment to superior returns', is it time that a hard look, what went wrong ?
Or continue with excuses, all is fine, others did wourse ?

What forward looking measures have the ICAP fund mgrs taken to ensure, it does not miss the next boom ?

he answer given by some learnt forumer on the fact ICAP seem to missed a golden opp. to make good on the O&G sector recovery n IT/Technology boom since 2017 :

'this is not an industry thematic fund which iCap obviously made it very clear. The regulatory process for a thematic fund is not even the same. so please....you can also go and trash the countless numbers of US hedge funds that lost to FANG. '

the same learnt forumer ask us to be constructive.
does the above sound like constructive or plain excuses ?

what holders expect is focus on answering the ICAP issues,
- instead, we are diverted n asked to read the book:

'I recommend you read Daniel Kahneman's "Thinking, Fast and Slow" and it'll be great if you even learn just about "base-rate" '

hello, learnt guy, we are not the one raking in the Millions in mgmt fees...
the one who manage ICAP, is the one who must answer,

1) what is the use of millions in cash, but miss the golden opp in 2017-2019

anyone did a rough cut review of ICAP current stk porfolio rtn ytd ? thks.

1. ICAP 2019 NTA Growth is - 9.55% ,which pulled down the annualised rtn to date to 9.24% from 9.44 (2018)
2. If one look at the sliding trend of NTA growth since 2013, it is worrying.
3.If still same strategies & same stk mix in portfolio, could 2020,see another negative NTA growth ?

U may be right, holders like the you tao seller, dont understand fancy stuff
but they know, basic stuff like when expectation are given of superior returns,
then it must DELIVER , be accountable,
not give excuses n resort to personal attack...

Ah Quincy,
Never miind, you are happy with 9.2% return, in line eith your low stds
Pls accept there are holders who expect alpha , in line with the fund mgr lofty visions.
Good for you.

Actually, i just brush up , in Investopedia,.. thks anyway
Lets continue to focus on ICAP issues..

Ah Quincy,
The exact stds , holders are expecting is call Alpha perfomance ,
Got it ? If not never mind, know you have low stds

Ah Quincy,

' icapital.biz Berhad is COMMITTED to MAXIMISING its average annual rate of gain in its net asset value, which is the most critical factor in safeguarding the long-term interests of our share owners.'
PG 29 ar 2013

1. long-time holders used to expecting superior NTA growth performance of high teens are disappointed with the funds' declining NTA annualised growth since inception,
which slide down since 2013 (14.85%) to record low of 9.24% (2019).

2. it is noted that the fund adopted a v high cash level strategy (above 50%) since 2013

3. It is noted that the fund mgr seem to have missed the O&G sector recovery in 2017-2019

4. it is noted that the fund mgr seem to have missed the IT/Technology sector boom since 2017

5. Many holders see 2.3.4 have cause the fund to underform n not achieve superior , maximised return since 2013
6. that's why i said 'long-suffering'.

7. Unhappy holders voice their complains, which seem justified.

8. As stated in AR, the purpose of ICAP, is to deliver superior compounded returns for holders.

9. Its ok for Quincy to have low stds and is pleased with 9.24% returns.

10. Pls respect other holders , who have higher stds in life

11. no need to resort to personal attacks, go off-track to non-issue like your you tiao n your donuts , or how many shares your own.

12. we are not interested in you, we are talking about ICAP, please lah ..

13. i not kepuh you, i kepuh ICAP forum n saw your amusing response, to resort to personal challenge,..pls grow up..n discuss the issues not the person

14. Every holder in ICAP got a right to his view, even if he is a you-tiao seller, no need to attack the
person lah

15. i purposely write in point form, hope you can get it,
16. if cannot, never mind, i dont blame you, know your low stds..

thank you

oh, noted you talked a lot abt yourself, 11 I , 3 my & 2 me..
.
we are here for ICAP forum, not interested in your stories pls lah...
23/10/2019 10:01 PM

i find these remarks by learnt Quincy & his type very amusing.
different people talk in different ways, based on their background.

Not all like Quincy & friends, went for higher edn, maybe even overseas famous U and can speak in refined english.

But as concerned shareholders in ICAP, each have a right to bring up issues on ICAP perfomance/non-performance and the disappointment of long-suffering holders.

These issues are for ICAP management to address.

Why so kepuh, want to defend for ICAP ?

Why sound so educated but so easily distracted from the real relevant
issues raised and divert into personal issues ?

just keep quiet,if cant defend on the issues raised, you will sound smarter ! and not be viewed as an tripod/ampu/bodek !

Posted by Quincy > Oct 23, 2019 12:54 PM | Report Abuse

Note: This is not about us against icapital or TTB, it's between you and me because you are just very disgusting.

"people want to invest, they want to be successful.......they need to have big dreams, and grit....and and of course, knowledge and mind set."


people need to be true and honest with themselves, have a forgiving spirit , not keep petty grievances in heart,and realise that we are the cause of our own unhappiness , not the enemy...

If you are happy and at peace in heart, do you still need to cari gaduh ?

what abt Magnum & Igbreit ? but not buy now, monitor for market to drop kaw kaw in bearish week,then buy at low of the mth/yr..

why impossible ? dont understand, can start with rm1000, one lot is 100 shares.

i think its important to look at combined div plus potential capital returns rather than just div returns.
- Brite-tech in ACE Sector, these r smallish co. which hav yet to prove their growth potential n may not be a ideal place to look for div return.
- also the 3 yrs price chart for Brite-tech, look worrying
- Apex 3 yrs price chart, look assuring on capital growth potential
- both Brite-tech & Apex are not liquid stks, so if need to sell in a hurry, may need to sell at loss.

iPilot50 ?? hahaha...

pg 2 of AR :

'Your Fund does not have any staff. Its operations are
outsourced to independent service providers.'

i recall MCA is loaded and have more than rm4 billions assets.
If MCA still want to cling on TAR/UTAR good name, then fork out some money and show that you can be independant of govt financial support.
Just like what the independent Chinese schools n colleges have been doing all these while in the past.

iPilot50, hahaha.. the pot calling the kettle black...

ICAP is for the small investor, remember ?
this is how small investors talk when they feel agrieved,
i think it is justified,
U are evidently not a small investor, who need the dividend or capital returns for cashflow ..
Pls dont act high n mighty,
U are out of touch & have no empthy with small investors issue,
Are you one of TTB staff ?

iPilot50 As a long time investor of iCapital, I feel like I have a need to correct some misunderstandings as well as defuse the incorrect value judgments made.

I see this comment and your other comments I'm very scared...for your mental health. Every comment either has CAPS or has the word "sohai." Do you meet up with your psychologist or psychiatrist everyday? Don't miss your meetings and eat your medicine on time. You're in a dire situation.

Airasia rebounded on fri. (11/10) to close at 1.71
Do you see the rebound to continue ? if so, what is the resistance level ?
If not, what support level do you see for Airasia ? thank you..
13/10/2019 3:17 PM

risktransformer, thks for sharing, all the best n Good Trading/ investing..

Thks for info, can see tht he is an amiable, confident personality , a big player in this market, who is considerate to Inform others of his presence.
There are lots of other big players, IB funds, etc tht are also active in the same waters, but they operate incognito, for the added advantage, hihihi.

terima kasih Paktua73 !

satu-satu nya pro yg confident share & punya gaya yg istimewa....

My guess is he is same category player as Paktua73, not the lone ranger player like many here,
Could b wrong, jangan marah ye, ( trust no one at face value in forum, hahaha)

Jaya, why your calls all no chun one ??

... U mean bye,bye,bye ?? hahaha

Jaya Buy buy buy
18/09/2019 8:42 AM

Jaya .................
But 8.50 coming brothers & sisters
18/09/2019 8:06 PM

Jaya Last chance
Tomorrow 8.00
17/09/2019 4:32 PM

Tq Paktua73 utk petua berjays d trading !
Does this approach works in all market conditions ? Or also depends on no. Of platoons deploy ? Hahaha...

Being happy with yourself, shows itself by being happy with others too, able to accept others viewpoints, not keep pressing one’s views always, to provoke negative reactions.
Maybe , it shows one is just lonely in life.
Go out n get a life, esp with family n friends in real world, not internet world.

is there any +ve catalyst such as new projects,better QR, a strong major holder, to support n lift the share price, in the next 3 mths ?
if not, the technical chart shows that it can only kept sliding lower n lower.

If dont take small lose now, dont cry mother,father, blame this,blame that, blame PH govt, etc but not blame ownself, for investing in false HOPE..
The whole macro environment is darkening, n who knows what will happen nxt year ...

At this late,late stage of the bull market (since 2008), isnt it trivial fact that there are more n more waterfall n 'undervalued' stks n fewer n fewer stks that are in uptrend or holding above water ?
the next big move in stk markets will be steep down, (something u will preparing for, remember ?) even Trump cant do anything abt it, in fact, he shd bear the responsibility as the main catalyst fo ending the longest bull market in recent times.
Now is just trading market, still looking at waterfalls ??
Maybe just do book sharing, has more value than recycled, stale ideas.

O&G stks is in play now

Shorting is gambling n most gamblers lose back all they won plus much more.
Stick to your trading, u wont be ‘killed’ , or just stay out,

not worth swimming with the sharks one,hahaha

thks Jaya,
i sold n switch to O&G stks...
TM looks like going to revisit its lows..

yes, tq ! will hold n see how tmrw..

Jaya Stkstudent
Ok or not today, I always got faith in Paktua73 brother
We fought in myeg before together also

of course, all fought for own interests..hihihi

maybe the EPF got scared of red army ? hahaha..Thks to all who fought n contributed bullets..

for trading only, not dump,dump hold

stks already beaten down,now switch direction to generate interest..

looks like relief rebound in progress across BURSA, even laoya stks moving..can hold nn see

oh, thks for info, any tp this round ?

Baru masuk, mahu RUN ?? sudah byk untung ?

tq Paktua73, i think already rock bottom...3.42-3.39, rebound is seen..