Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 3 weeks ago | Report Abuse

>>>
JohnD0ugh

“To solve a problem, you need to remove the cause, not the symptom," said Liezi. Apart from Laozi and Zhuangzi, Liezi was also one of the most significant Daoist thinkers who lived in ancient China.

Solving a problem demands handling the root cause and not just the symptoms; the NAV discount is just a symptom of the underlying problem that your Fund needs the right type of shareowners, which it had for many years before the wrong type came in and caused the NAV discount to surface and persist.

By increasing your Fund's individual share ownership, we are addressing the root cause and finding a more lasting solution. Once again, do not let any investor who refuses to think and act like a share owner destroy a precious gem like your Fund.


i Capital.biz Berhad 2Q2023 Report
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Nothing to do with "root cause."

It is the nature of closed end fund to trade at a discount.

The huge discount that prevailed for many years in iCap was reflecting the poor performance of the fund in those years.

Many long term share owners were disappointed when the fund attempted to time the market, by keeping a lot of cash in anticipation of a big downturn.

Posted by Sslee > 3 weeks ago | Report Abuse

TTB just simply quote from Laozi and Zhuangzi, Liezi as Daoist thinkers but miss the real meaning of Dao and Buddhism: Search for self, all is within you.

Posted by JunHoHoHoHo > 3 weeks ago | Report Abuse

why suddenly talk about these philosophers? 😂

Posted by 4dview > 3 weeks ago | Report Abuse

I like to see that John Dough and TTB have keen interest in Chinese culture and especially in Daoist thinking.
However, I have not felt the Chinese humility demeanour in their writing or talk. Instead the western aloofness and arrogance seem to prevail. That is what has piqued quite a few forum participants here, from what I see.

Posted by 4dview > 3 weeks ago | Report Abuse

The Chinese proverb
虚怀若谷，describes and attaches great virtue to a person who is humble and can accept other people’s criticism with open heart.

Posted by 4dview > 3 weeks ago | Report Abuse

This is a first step for any one who wants to delve deeper into Daoism.

Because this proverb is derived from Dao De Jing (道德经) which is the first and only scripture left behind by Laozi, the founder of Daoism.

Posted by 4dview > 3 weeks ago | Report Abuse

In Chapter 15 of Dao De Jing, 出自道德经第十五章： it was mentioned:-
敦兮其若朴，旷兮其若谷
意思是淳朴得好像未经雕琢，旷达得好像高山空谷
Meaning “pure as a unrefined jade, open and broad-minded like a valley”

Posted by 4dview > 3 weeks ago | Report Abuse

Learning is not complete without putting to practice. Lets remind each other.

Posted by 4dview > 3 weeks ago | Report Abuse

Investment needs two aspect, both scientific and philosophical.

Posted by Patient Investor > 3 weeks ago | Report Abuse

@SSlee if many long term investors were disappointed, The fund manager would not have get the support required in AGM/EGM. Are you a shareholder before quoting long term ICAP shareholders?

Posted by EngineeringProfit > 3 weeks ago | Report Abuse

What???? Just need reliable insiders' tips (no.1), robust data analyses (no.2) , timely execution - both buying and selling (no.3) as well as the balancing act of "time in the market" & "timing the market", etc etc

Posted by 4dview > 22 minutes ago | Report Abuse

Investment needs two aspect, both scientific and philosophical.

Posted by Patient Investor > 3 weeks ago | Report Abuse

For iCap shareholders who want to sell, take advantage of the situation by queuing at high price as close as possible to NAV, or even at a premium.

Why?
1. Despite being red-flagged on governance and lousy fund management/policy in i3 forum on daily basis, COL is still buying.
2. Since COL keeps buying even the row with the fund manner, it means they need to buy or they recognise TTB stockpick skill, so take advantage when demand is there.
3. If someone is bidding for the rights to slaughter our goose and if lucky we get a fair portion of the egg but none after that, wont you want a premium to it? So never sell at a discount price.
4. ICAP portfolio is demonstating very good growth.
5. The court ruling is favouring iCAP, which in a way brings advantage to normal shareholder when it comes to distribution.

Posted by Patient Investor > 3 weeks ago | Report Abuse

If someone wants your shares, and you reject their offer price, what they can do is to manipulate the price movement in hope your level confidence get affected and end up giving up your shares bit by bit.

Of course, they can also find someone to sweet talk you to sell or bad talk what you have in hand.

Posted by EngineeringProfit > 3 weeks ago | Report Abuse

Again, the best way to live life is still the balancing act- between Robbins' "Forced Awakening the Giant Within & Taking Massive Action " and Daoism's "Letting things go naturally, spontaneously and selflessly"

Posted by 4dview > 14 minutes ago | Report Abuse

In fact, Liezi 列子, the leading Daoist scholar after Laozi but before Zhuangzi, has deep observation into the universe and had pointed out natural phenomena like movement of celestial bodies, earthquake and boundlessness of the universe. From observing the ways of nature, and knowing the insurmountable power of nature, Daoist then tried to formulate a way to life which adapts to nature.

Posted by Sslee > 3 weeks ago | Report Abuse

I wrote in my 2013 New Year Sharing: Have you ever wondered what life is about?
I recalled watching a TV program: The Journey of Civilization. The guest speaker said,

“From Confucianism, (Ruler has ruler responsibility, subject has subject responsibility, father has father responsibility, and son has son responsibility.) I learn to take on responsibility. (拿得起)

From Buddhism, (Things are in flux never still. It’s begins from emptiness, will end in emptiness and reemerge from emptiness. Life is cycles of birth and death until Enlightenment and Nirvana.) I learn when to relinquish my responsibility and let other take over. (放得下)

From Taoism, (Heaven and Earth are one. Nature and Man are one.) I learn to live with nature, at peace and at ease with myself and others.” (看得开)
How beautifully and elegantly this speaker summary what life is about?

As Chinese Malaysian we were brought up with the influence of Confucianism, Buddhism and Taoism which are more about philosophy, spirituality, way of life and tradition belief/practices than religion.

https://en.wikipedia.org/wiki/Buddhism
https://en.wikipedia.org/wiki/Taoism
https://en.wikipedia.org/wiki/Confucianism

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 3 weeks ago | Report Abuse

On behalf of the Board of Directors of icapital.biz Berhad, we wish to announce that the Net Asset Value per share of icapital.biz Berhad as at 3 April 2024 is 3.92.

At 3.10 today, it is trading at a discount of 20.9% to its NAV.

Most closed end funds trade at a discount of around 20%.

Posted by JohnD0ugh > 2 weeks ago | Report Abuse

An airstrike on the Iranian embassy's compound in Damascus Syria killed seven Iranian officers on Monday, 1st Apr 2024. One of Iran's top soldiers, Brigadier General Mohammad Reza Zahedi, a senior commander in the Revolutionary Guard (IRGC) was killed. Blamed by Iran on Israel, the attack was a rare military strike on diplomatic premises anywhere in the world and marked a significant escalation in the Middle East crisis.

Iran's Supreme Leader Ayatollah Ali Khamenei has vowed revenge. The airstrike on Iran's embassy is a serious escalation of the Israel-Palestine crisis since the eruption of the Israel-Palestine Crisis in Oct last year. The most urgent impact is on crude oil price.

Crude oil price has been rising in recent months, due to both supply and demand factors. The Middle East Crisis and the Ukrainian Crisis have both impacted supply, in addition to the output cut by OPEC+. Demand has also held up well. Crude oil price is now at a critical juncture and looks poised to rally further . Its monthly MACD is turning bullish at its crucial zero-line.

A surge to test its previous high of US$145-150 per barrel or higher is likely. All it needs is a little matchstick to flare up the many tinderboxes, created by the United States. A surge in crude oil price in 2024 will make US monetary policy very complicated. It will quickly bring back soaring US inflation and the US economy and stock markets will crash. For the United States, it will be a well-deserved self-inflicted wound.

For now, i Capital retains its immediate-term outlook of the KLCI at a range of 1,460 to 1,600. See Stop Press for the latest. Subject to developments in the Middle East, i Capital is retaining its short-term outlook of the KLCI at a range of 1,400 to 1,900. Two issues ago, the medium-term and long-term outlook of i Capital was revised to 2,500 - 3,000.

In such an uncertain market, the best stock to invest in is icapital.biz Berhad.


i Capital Newsletter Volume 35 Issue 31

Posted by Sslee > 2 weeks ago | Report Abuse

Any reasons why US economy and stock markets will crash if crude oil surge to test its previous high of US$145-150 per barrel or higher when US is net exporter?

Petroleum products net exports/Gross crude oil imports. The US will remain a net exporter of petroleum products through 2050, according to the 2023 Annual Energy Outlook (AEO2023) from the US Energy Information Administration (EIA).23 Mar 2023

Posted by human > 2 weeks ago | Report Abuse

When crude oil price increase only o&g company make more profit. Other non o&g companies which is the bulk of companies make up of usa economy will have a surge in cost cause reducing corp earning which reduce valuation.
Inflation increases when energy cost increase, disposable income reduction affecting usa consumption.
These 2 factors alone put pressure on stock market.

Posted by speakup > 2 weeks ago | Report Abuse

When crude oil increase, govt one step closer bankruptcy cos the real price of Ron95 as of now is rm3.80!

Posted by speakup > 2 weeks ago | Report Abuse

If Brent hit usd200/barrel, Malaysia govt will be declared Bankrupt and all govt assets forced sell to World Bank/IMF

Posted by Sslee > 2 weeks ago | Report Abuse

Do anyone know that Saudi can just switch on it tap and flood the world market with crude oil?

Posted by human > 2 weeks ago | Report Abuse

what reason would Saudi do that?

Posted by speakup > 2 weeks ago | Report Abuse

Why is TTB pushing up for COL?

Posted by JunHoHoHoHo > 2 weeks ago | Report Abuse

Brent oil won't hit that high. The U.S. has massive oil inventories

https://www.rigzone.com/news/usa_crude_oil_stocks_rise_almost_6mm_barrels_wow-11-apr-2024-176380-article/

Posted by human > 2 weeks ago | Report Abuse

Usa Strategic Petroleum Reserve (SPR) is critical mitigation to severe oil supply crisis or economic disruption.
2022 the reserve is 600million barrels, due to Russian and Ukraine crisis the reserve depletes at alarming rate till current approximate 360million barrels.
Due to high oil price, usa stop restocking the depleted oil, the reserve is at lowest level since 1980s.
So what does that mean?

Posted by Patient Investor > 2 weeks ago | Report Abuse

NAV crosses RM4 mark. good for all, especially to largest shareholder COL who can now brag to their strategic investors.
interesting to see COL yet to sell any, share price also holding strong even COL not buying.

Posted by speakup > 2 weeks ago | Report Abuse

Icap share price high so TT stop hantam COL

Posted by JohnD0ugh > 1 week ago | Report Abuse

The performance of icapital.biz Berhad has been outstanding, not just in terms of its NAV but also its share price over many years.

Whether it is low inflation or high inflation, whether it is rising or falling interest rate, icapital.biz Berhad has consistently delivered superior returns to its shareowners and is still boasting of a substantial cash-laden war chest.

Let me recapitulate a fundamentally important point. A well-managed closed-end fund like icapital.biz Berhad is an excellent investment product for individual investors, especially during tumultuous times like now.

However, after so many decades, there is sadly still only one closed-end fund listed on Bursa Malaysia. The world-class London, Sydney and New York stock exchanges abound with hundreds of closed-end funds. Their investors have so many choices in terms of investment products.


i Capital.biz Berhad 4Q2022 Report

Posted by Sslee > 1 week ago | Report Abuse

Sadly but rightly in the kingdom of the blind, the one-eyed man is king.

Posted by speakup > 1 week ago | Report Abuse

https://www.freemalaysiatoday.com/category/opinion/2024/04/13/when-did-malaysians-get-so-thin-skinned/

Posted by speakup > 1 week ago | Report Abuse

http://www.financetwitter.com/2024/04/a-racist-hypocrite-anwar-condemns-killing-of-terrorist-buddy-haniyeh-kids-but-allows-firebombing-on-fellow-chinese.html

Posted by JohnD0ugh > 6 days ago | Report Abuse

icapital.biz Berhad has always been managed in such a way that its shareowners can sleep soundly at night, knowing their hard earned savings are in good hands.

I have also managed icapital.biz Berhad in such a way that in times of crisis or dire need, icapital.biz Berhad is there for its share owners, witness the special RM28 million Covid Relief dividend.

Not only have I achieved all of the above, icapital.biz Berhad has also delivered superior returns to its shareowners and is still boasting a substantial cash-laden war chest.

A well-managed closed-end fund like icapital.biz Berhad is an excellent investment product for individual investors, especially during tumultuous times like now.

However, after so many decades, there is still only one listed closed-end fund on Bursa Malaysia. The London, Sydney and New York stock exchanges abound with closed-end funds.

For Bursa Malaysia to have the same percentage as London for example, the Malaysian stock market should see more than a hundred and thirty closed-end funds listed, instead of just one.

icapital.biz Berhad is without doubt a precious investment. Do not let any investor who refuses to be a share owner destroy such a rare gem.


i Capital.biz Berhad 3Q2022 Report

Posted by EngineeringProfit > 5 days ago | Report Abuse

Yup