ICAPITAL.BIZ BHD

KLSE (MYR): ICAP (5108)

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Last Price

2.99

Today's Change

+0.02 (0.67%)

Day's Change

2.97 - 2.99

Trading Volume

56,600


5 people like this.

5,963 comment(s). Last comment by Sslee 9 hours ago

MG9231

811 posts

Posted by MG9231 > 2 months ago | Report Abuse

Reasons why Closed Funds IPO collapsed and because illiquid and only benefited to the fund managers the most

CharlesT

14,924 posts

Posted by CharlesT > 2 months ago | Report Abuse

The annual Investor Day, each year costing RM800,000 to 1,000,000, is an unwavering commitment by icapital.biz Bhd and Capital Dynamics to its shareowners, clients and individual Malaysian investors.

Every year u wasted so much money to talk cock (such as predicting KLCI will hit 600 points (or 800??) and plays God for the past 10 to 15 years?

And still got so many idxxts spend their RM80 n precious time to attend so????

WTF???????

Sslee

6,663 posts

Posted by Sslee > 2 months ago | Report Abuse

If you are icap shareholder please ask TTB where is his promised innovative dividend for icap shareholders.

ICap's dividend policy will not only be subject to market and economic conditions, but also its value investing investment philosophy, it said. “It will be formulated as such – a base rate of 1% of the NAV per share, plus 8% of the difference between ICAP's share price and NAV.
3 Oct 2023

JohnD0ugh

115 posts

Posted by JohnD0ugh > 2 months ago | Report Abuse

Value investing is not about timing the stock market, a fundamental point that many, many subscribers and investors are still confused with. Value investing is about valuing businesses and stocks appropriately and then patiently waiting to buy or sell. For many years in the past, Tan Teng Boo held plenty of cash for icapital.biz Berhad. As Charlie Munger counselled : “The big money is not in the buying and the selling, but in the waiting.”

For those who want to learn more or to be reminded about value investing and at the same time discover solid investing opportunities, the 2024 Investor Day of icapital.biz Bhd to be held on 26th and 27th Oct 2024 is the perfect occasion to do so. Conducted in a highly efficient manner at the KLCC and at a super cheap price, attending the Investor Day is an excellent way for investors to remind themselves that they have to be highly disciplined in order to succeed. No short cut.

This annual event, created by Tan Teng Boo in 2010, is aimed solely at educating individual investors about sound investing. Register now and start or continue your journey of being educated on sound investing. Register so that you, your family, your friends and colleagues are among those who will benefit from this truly unique investment event.

i Capital Newsletter Volume 36 Issue 6

Posted by raizalmyinvests > 2 months ago | Report Abuse

Buying 100 shares just to learn from him lol.

Posted by FastMoney666 > 1 month ago | Report Abuse

iCAP NAV 5-Sept-2024 $ 3.88
iCAP Share Price 6-Sep-2024 $ 3.17
Discount = 18%

For a long time, we didn't see iCap discounts get less than 20%.....Congratulations to the fund manager. This narrowing discount thanks to its NAV drop from all time high $4.47(- 13%). His star performers like SAM and Padini had very bad quarterly results contributed to the sharp price downward shift.

Questions: will its NAV continue to drop and will the recent bull buyers get disappointed and move its share price down?

Perhaps the bulls won't throw in their towels --- if NAV continues to drop, we may see its share price may even traded for a premium. 😎

JohnD0ugh

115 posts

Posted by JohnD0ugh > 1 month ago | Report Abuse

Successful long-term value investing requires a few factors.

Be Patient. Wait for the right stock at the right price to buy. Top-down/market timers would wait for the right time instead. When opportunities emerge, patient investors are the best prepared, as they always have cash on hand.

Keep Compounding. Long term value investing works because of the power of exponential growth or compounding and this requires patience and discipline.

Go Against Conventional Wisdom. Be fearful when others are greedy. As Sun Tzu said, prepare for war in times of peace.

Think and Act Independently. Be confident enough to be able to think and act without needing affirmation from others or the market on one's investment decisions.

Require a Margin of Safety. Having a sufficient margin of safety is vital as it means that mistakes, which are inevitable, will not be permanently damaging.

For long-term value investors, remember what Mark Twain famously wrote : "October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February."


i Capital.biz Berhad 2Q2017 Report

Sslee

6,663 posts

Posted by Sslee > 1 month ago | Report Abuse

Look like Sam has many more rooms to drop.
And by the way someone push up Sam price on 30 Aug 2024 so that icap quarter end 31 Aug 2024 will still look good.

Date Open Range Close Change Volume
06/09/2024 4.33 4.16 - 4.33 4.19 -0.14 (3.23%) 456,900
05/09/2024 4.52 4.32 - 4.58 4.33 -0.12 (2.70%) 1,121,700
04/09/2024 4.62 4.29 - 4.67 4.45 -0.23 (4.91%) 3,528,900
03/09/2024 4.61 4.57 - 4.72 4.68 +0.08 (1.74%) 2,263,300
02/09/2024 4.95 4.48 - 4.95 4.60 -0.75 (14.02%) 6,995,900
30/08/2024 5.07 5.07 - 5.43 5.35 +0.28 (5.52%) 1,276,700
29/08/2024 5.10 4.94 - 5.11 5.07 -0.08 (1.55%) 1,829,100

Posted by FastMoney666 > 1 month ago | Report Abuse

>>>"Posted by JohnD0ugh > 2024-05-12 12:52 | Report Abuse

What will be the target price of icapital.biz Berhad 3 to 5 years from now ? There are two possible positive outcomes.

[1]. Assume NAV of icapital.biz Berhad doubling from RM3.93 – to around RM7.86 in 5 years. If its share price equals the NAV of RM7.86 then, it will rise by RM4.81 or 158% from RM3.05 nowadays. If its share price then trades at a say a conservative 10% premium to its NAV, as the Malaysian stock market will then be in a bullish mood, its share price will equal to RM8.65 – a rise of RM5.60 or 184% from RM3.05 now.

[2]. The NAV of icapital.biz Berhad has in the past outperformed the KLSE by 6 percentage points per annum. So, if this pattern repeats and the KLCI doubles in 5 years, the NAV of icapital.biz Bhd in 5 years’ time will be RM10.19. Assume its share price trades at a 10% premium to its NAV, the share price of your Fund will trade at RM11.21 – a jump of RM8.16 or 267% from RM3.05 nowadays.

In short, the expected share price of icapital.biz Berhad in 3 to 5 years’ time will double to either RM7.86 or rally to RM11.21, a gain of RM8.16.

The above performance has not included potential contribution from the dividend policy of icapital.biz Berhad.
In the past, when nearly all the shareowners of icapital.biz Berhad were individuals, its share price traded at a premium to its NAV. In the coming years, I pray that this can be repeated so that your Fund can finally restore its real value. In that context, I would like to make a plea to the few recalcitrant investors (for the lack of a better term to describe them) not to act disruptively and destructively.


i Capital.biz Berhad 3Q2024 Report"

Posted by FastMoney666 > 1 month ago | Report Abuse

Re-quote above past post -- by right iCap cannot make such bold statements. It's almost like a company giving forecast for their company Sales, Profitability, EPS or NAV growth. Such statements from someone who is holding such an important position akin like coming from the mouth of a CEO could influence movement of its share price. It should be prohibited. I believe many people who bought at 3.30-3.40 will certainly think/anchored the NAV RM 8 will come true by 2029.

Sslee

6,663 posts

Posted by Sslee > 1 month ago | Report Abuse

Aiyoyo
If TTB talk can be believed, pigs might fly.

ks55

4,212 posts

Posted by ks55 > 1 month ago | Report Abuse

Don't trust TTB
He is getting management fees by sleeping

CharlesT

14,924 posts

Posted by CharlesT > 1 month ago | Report Abuse

Posted by ks55 > 1 minute ago | Report Abuse

Don't trust TTB
He is getting management fees by sleeping

I beg to differ.

He tried his best to negotiate for the best FD rates for his investors for the past many years.

Have to give him credit for that.

CharlesT

14,924 posts

Posted by CharlesT > 1 month ago | Report Abuse

Normally the special rate can be 0.10% higher than the normal FD rates.

CharlesT

14,924 posts

Posted by CharlesT > 1 month ago | Report Abuse

The man did his best....

Besides sleeping n writing lengthy essays with a lot of statistic..... though nobody bothers to read lah

Sslee

6,663 posts

Posted by Sslee > 1 month ago | Report Abuse

What statistic?
If you put your money in EPF most likely your are better off by now.

Posted by FastMoney666 > 1 month ago | Report Abuse

Bursa has some guidelines regarding promotional

Paragraph/Rule 9.12(1) of the LR states that a listed
issuer/corporation must refrain from promotional disclosure activity
in any form whatsoever or howsoever which may mislead investors or
cause unwarranted price movement and activity in a listed issuer’s/
corporation’s securities.
➢ Paragraph/Rule 9.12(2) of the LR states that such activity includes
news releases, public announcements, predictions, reports or
advertisements which are –
(a) not justified by actual developments concerning a listed issuer/
corporation;
(b) exaggerated;
(c) flamboyant;
(d) overstated or
(e) over-zealous.

https://www.bursamalaysia.com/sites/5d809dcf39fba22790cad230/assets/65d83fa5e6414a1d4b27dd65/3._Other_Disclosure_Breaches__clean___1_.pdf

If you read the case study Company I was reprimanded and two of Executive Directors were fined $100,000 each.

Sslee

6,663 posts

Posted by Sslee > 1 month ago | Report Abuse

Can I quote below to report TTB to Bursa SC so that actions can be taken against him for violation of Bursa rule and regulation:
Paragraph/Rule 9.12(1) and Paragraph/Rule 9.12(2)

Or do I need to wait till next 2 to 4 years if KLCI did not hit 2,500 - 3,000 points?

Despite a turbulent environment, icapital.biz Berhad has again achieved a very strong performance with its share price outperforming the MSCI Malaysia in US$ by a huge margin.

The share price of icapital.biz Berhad has also outperformed the S&P 500 and NASDAQ, two top performing indices dominated by AI stocks like Nvidia, Meta, etc , in US$ in the same 1-year period.

This very strong performance of icapital.biz Berhad is a result of your Fund Manager and Designated Person patiently and deliberately sticking to its time-proven Bamboo value investing philosophy, despite being continuously harassed by one or two foreign wrecking balls.

If my 2023 prediction that the KLCI will hit 2,500-3,000 points in the next 3 to 5 years’ time come true, the price performance of icapital.biz Berhad will be very hard to beat, especially when you factor in the extra return from a possible discount swing to a premium.

i Capital.biz Berhad 4Q2024 Report

Posted by FastMoney666 > 1 month ago | Report Abuse

@SSLee....
>>>>>Can I quote below to report TTB to Bursa SC so that actions can be taken against him for violation of Bursa rule and regulation:
Paragraph/Rule 9.12(1) and Paragraph/Rule 9.12(2)

Or do I need to wait till next 2 to 4 years if KLCI did not hit 2,500 - 3,000 points?>>>>

This is equivalent to saying if Trump wins the US election, I will shave my head! A promise. Of course, promises can be easily broken, and cannot be sued for specific performance.

However if you feel strongly and want to file a complaint, this is the link

https://www.bursamalaysia.com/contact_us/other_complaints 😎

Sslee

6,663 posts

Posted by Sslee > 1 month ago | Report Abuse

By 2 Oct 2024 if icap do not announce any dividend then I will make official complant to Bursa SC to take actions against TTB for violation of Bursa rule and regulation:
Paragraph/Rule 9.12(1) and Paragraph/Rule 9.12(2)

The innovative dividend policy, which is subject to market and economic conditions and ICAP's value investing investment philosophy, is formulated as follows: a Base Rate of 1% of the NAV per share, plus 8% of the difference between ICAP's share price and NAV. This additional 8% is referred to as the Top-up Rate.
2 Oct 2023

MG9231

811 posts

Posted by MG9231 > 1 month ago | Report Abuse

hahaha, let TTB @Tan Tua Poa no face

4dview

13 posts

Posted by 4dview > 1 month ago | Report Abuse

For those iCap investors who are waiting in ernest for the “innovative dividend”, please be aware of the proviso as stated by SsLee above:-

“The innovative dividend policy, which is subject to market and economic conditions and ICAP's value investing investment philosophy, is formulated as follows: a Base Rate of 1% of the NAV per share, plus 8% of the difference between ICAP's share price and NAV. This additional 8% is referred to as the Top-up Rate.”

That means, if iCap’s board of directors think that the market and economic conditions and iCap’s value investing philosophy do not warrant the dividend, there can be no dividend.

JohnD0ugh

115 posts

Posted by JohnD0ugh > 1 month ago | Report Abuse

This impersonation free-for-all has already been going on for a few years now and many Malaysians remain easily tempted by quick money scams and the authorities appearing unable or unwilling to tackle this illegal activity. In the meantime, the real Tan Teng Boo keeps being victimised. He lodged his first police report in 2021.

One of the two Malaysians conned in the latest scam is a wealthy 70-year old Malay businessman who apparently lost millions in the said scam. The impersonator promised this unbelievably greedy old man to double his millions in a month based on some false initial public offerings (IPO). Apparently, the said greedy victim was asked to transfer his wealth to a bank account with a name containing “XXXX Cleaning Services Sdn Bhd”. Transferring one’s money to “Cleaning Services” ? No wonder the 70-year old man kena cuci.

What is most demoralising and disappointing to Tan Teng Boo is that Capital Dynamics has purposely been offering all kinds of investment products and services to individual investors at very cheap prices with the aim of educating them about sound investing. The world class www.icapital.biz is offered to investors at only RM49 per year with the full colour printed version at RM99 per year, and with each weekly issue delivered to your house or office.

The annual Investor Day of icapital.biz Bhd costs only RM80 for a whole day top-class investment event on 26th and 27th Oct at the KLCC.

Then, Teng Boo intentionally launched icapital.biz Berhad in 2005 and manages it so that individual investors can have the opportunity to invest in a high-quality investment at very low transaction costs.

It can be so maddening when it can be so difficult to get someone to pay a mere RM49 or RM99 to subscribe to www.icapital.biz or to “take the trouble” to attend the Investor Day. Yet it can be so easy for people to transfer large sums of their own money to a bank account with a name of “Cleaning Services”.

What is wrong with this world ? Does it have to be so paradoxical ? Why are people so short-term focused and yet want to live a long life ?


i Capital Newsletter Volume 36 Issue 7

Sslee

6,663 posts

Posted by Sslee > 1 month ago | Report Abuse

The world class www.icapital.biz is offered to investors at only RM49 per year with the full colour printed version at RM99 per year, and with each weekly issue delivered to your house or office.

Do this mean OTB beat TTB hands down since OTB charged his subscribers RM 1,000 per year?

TheContrarian

9,428 posts

Posted by TheContrarian > 1 month ago | Report Abuse

Long, long time ago I was a subscriber to its newsletter. After a few weeks they stopped mailing to me. It's a scam after all.

Posted by Najib Zamry > 1 month ago | Report Abuse

Bought Icap today. Dividend annocement by next week

Posted by Najib Zamry > 1 month ago | Report Abuse

Up up and away more to come

JohnD0ugh

115 posts

Posted by JohnD0ugh > 1 month ago | Report Abuse

In i Capital dated 25 Jul 2024, we shared the experience of one discretionary account managed by Capital Dynamics Asset Management Sdn Bhd (CDAM). This client started with RM250,000 in 1998 and from 2004 to 2006, added another RM430,000. CDAM made so much money for this discretionary client that from 2009 to 2015, the client withdrew RM3.600 mln and this client still has over RM1.000 mln in her account.

In this issue of i Capital, we share the experience of another discretionary client of CDAM. The client started with CDAM in end 1998 with RM400,000. Then, from 2010 to 2022, the client withdrew a total of nearly RM3.000 mln and now, his discretionary account still has over RM3.400 mln. Our performance speaks for itself.

In Feb 1999, another client opened a discretionary account with CDAM with about RM500,000. From 2004 to 2008, the client made additional investments and withdrew some, resulting in a net investment sum of only RM159,000. When the client closed the account in 2012 to migrate to Australia, CDAM had grown this discretionary account to RM5.129 mln.

All the above performance figures are real. No scams. Yet, how many will go for doubling your money in a month as opposed to doubling within 5 to 8 years ?

Investing successfully is actually pretty straightforward. Besides having the appropriate investment philosophy and time horizon, patience and discipline are needed.

All discretionary accounts managed by CDAM are for the long term; no such nonsense as doubling your money within a month. If it is so easy, Tan Teng Boo would have retired a long time ago and just managed his own money.


i Capital Newsletter Volume 36 Issue 7

Sslee

6,663 posts

Posted by Sslee > 1 month ago | Report Abuse

If the above feel good/rich story applied to majority of clients account managed by Capital Dynamics Asset Management Sdn Bhd (CDAM) then by now TTB should be one of the richest man in Malaysia if not the world like Warren Buffett.

Sslee

6,663 posts

Posted by Sslee > 1 month ago | Report Abuse

All the above performance figures are real. No scams. Yet, how many will go for doubling your money in a month as opposed to doubling within 5 to 8 years ?

If TTB can doubling within 7 years then icapital inception in 2005 if you invest 1,000 in 2005 then your investment should became RM 2,000 in year 2012, RM 4,000 in year 2019 and RM 8,000 in year 2026.

So can I reasonably expect icapital 8X by year 2026?

Posted by hopetobecorrect > 1 month ago | Report Abuse

ICAP is pathetic if you measure it against the promises

Sslee

6,663 posts

Posted by Sslee > 1 month ago | Report Abuse

Do you mean TTB can't even doubling icapital every 7 years?
Then why TTB called himself Warren Buffett of Malaysia?

CharlesT

14,924 posts

Posted by CharlesT > 1 month ago | Report Abuse

U can call yourself WB of Klang or Superinvestor of the Universe if U want.....

Kaki kong kaki song FOC one

Posted by Najib Zamry > 1 month ago | Report Abuse

I still trust Icapital will announce good dividend by end of this month

Posted by hopetobecorrect > 1 month ago | Report Abuse

I meant he had failed to double ICAP share price every 10 years

zhangwin

23 posts

Posted by zhangwin > 1 month ago | Report Abuse

icap declare dividend RM0.1041

ScotFree

112 posts

Posted by ScotFree > 1 month ago | Report Abuse

Icrap

Posted by nudepantyadc > 1 month ago | Report Abuse

2010-2012: Local newspaper, half page or full page ad mentioning that ICAP will be able to achieve 15% annual growth
Next few years: Mentioned that ICAP will be able to beat the KLCI(The Malaysian stock market seems to be averaging 8-10% per year)
Next few years: mentioned that it is at least better than FD and furthermore because of the discounted price you no lose anything

Some facts from that year:
Mentioned ICAP is for long term investment. But investors who trusted him in 2010 and bought around 1.9 suffered.
At that time, although he kept asking others to buy ICAP, he did not buy it himself. Facts have proved that the stock price in 2020 is still the same as that in 2010.
When it comes to a crisis in China, you can find that he will say that China has ways to solve the problem. But when

it comes to the crisis in the United States, you can find that the United States seems to be sitting back and waiting to die.
A reporter asked him at that time why the United States was not as finished as he analyzed. He said that "originally" it was, but because of the QE.....
If ICAP implements share buyback when the discounted price exceed 30%, what will investors get today?
Looking back at his comments about why he didn’t buy MYEG and why he should buy NESTLE if drop back to 4x, I feel that he is talking nonsense and just wants to save his face.

Now his great forecast is KLSE 3000?What do you think this time? He will turn 180 degree and correct this time? Or just as uncle from Kopitiam say he is just a 大炮TAN?

Income

12,082 posts

Posted by Income > 1 month ago | Report Abuse

💣

Income

12,082 posts

Posted by Income > 1 month ago | Report Abuse

Posted by Sslee > Sep 24, 2024 8:33 AM | Report Abuse

Do you mean TTB can't even doubling icapital every 7 years?
Then why TTB called himself Warren Buffett of Malaysia?


?

Wallet Broken of Msia to be exact

ScotFree

112 posts

Posted by ScotFree > 1 month ago | Report Abuse

Tan guy always rambling and mumbling, wonder if he is really competant

JohnD0ugh

115 posts

Posted by JohnD0ugh > 1 month ago | Report Abuse

Each year, the financial year of icapital.biz Berhad ends on 31 May. 2024 is no different. Except that this time round, about two weeks before the 2024 financial year drew to a close, its share price started to plunge in an artificial manner, due to concentrated selling by a large London-based activist investor and its collaborators (London).

In our commentary below, in order to see the impact of this contrived concentrated selling, we distinguish between two performance measurements for icapital.biz Berhad for this year’s Annual Report.

[1]. An “Artificial” performance that is based on the artificially depressed share price of your Fund on 31 May 2024.
[2]. A “Trending” performance that is based on rising price trend of your Fund before the said selling started and assumes it closes at RM3.43, the closing price of your Fund on 13 May 2024.

During a period of 13 market days, London sold 878,100 shares, which accounted for a substantial 52.85% of your Fund’s total trading volume. On critical dates, such as 16 May 2024 and 17 May 2024, these disposals represented a huge 68.04% and 70.61% of daily volume, respectively, leading to a steep 5.81% drop in your Fund’s share price from RM3.44 to RM3.24 and a substantial jump in the NAV discount from 17.51% to 23.94%.

The volume and timing of these disposals are critical. The concentrated nature of the sales imparted significant downward pressure on the share price. There are a number of adverse consequences for your Fund and its shareowners from this concentrated selling by London.

First, from 14 May 2024 to 31 May 2024, your Fund experienced a hefty drop of 8.14% in its share price from RM3.44 to RM3.16 even though the NAV of your Fund went up by 3.36% from RM4.17 to RM4.31.

Secondly, in that short period of the concentrated selling, your Fund’s NAV discount skyrocketed from 17.51% to 27.36%, a sharp deterioration of 9.85 percentage points.

Thirdly, the cumulative return of your Fund from its inception in October 2005 to 31 May 2024, based on its share price, plunged over 30 percentage points from 286.57% to 256.14%.

Fourthly, the annualised compound return of your Fund from inception in October 2005 to 31 May 2024, based on its share price, plunged from 7.53% per annum to only 7.06% per annum. An annual compound return of 7.06% will result in RM10,000 growing to RM39,133 after 20 years while an annual compound return of 7.53% will result in RM10,000 growing to RM42,716 after the same 20 years, a substantial difference.

Fifth, the 1-year return for icapital.biz Bhd in Ringgit terms plunged from 66.50% to 53.40% and in US$ terms from 63.41% to 50.54%.

Sixth, the 3-year return for icapital.biz Bhd in Ringgit terms plunged from 97.40% to 81.86% and in US$ terms from 73.65% to 59.98%.


i Capital.biz Berhad 2024 Annual Report

Posted by FastMoney666 > 1 month ago | Report Abuse

What Artificial? What Trending? A person never accept responsibility is terrible. It's like election, when the people spoken, accept la the results and don't blame the voters. When price down, blame COL for selling. When price up[COL buying] last year, it was TTB dick a good job.

Posted by FastMoney666 > 1 month ago | Report Abuse

I can almost bet....COL will be forced to sell more...look at the dividend that TTB has just announced on 27/9/2024

"Under the written procedures established by ICAP pursuant to the Securities Industry (Central Depositories) (Foreign Ownership) Regulations 1996, foreigners who hold Shares within the prescribed limit of 20% of the total number of issued Shares (“Prescribed Limit”) shall be entitled to all rights and obligations attached to the Shares as determined by the Board. In this connection, the Board will implement the restriction to the Shares held by foreign depositors which exceed the Prescribed Limit (“Restricted Shares”) as follows:



(i) the Restricted Shares held by foreign depositors shall not be entitled to the Interim Dividend and therefore are not entitled to participate in the DRP;



(ii) the Restricted Shares will be determined on ‘last-in first-out’ basis (i.e. where the Prescribed Limit is breached, Shares acquired by foreigners later in time than those acquired earlier in time, as they appear on the record of depositors, will be deemed as Restricted Shares); and



(iii) Shares held by foreigners which are within the Prescribed Limit shall be entitled to the Interim Dividend and are entitled to participate in the DRP."

Posted by FastMoney666 > 1 month ago | Report Abuse

Where on earth you have bought shares and told you are not entitled to dividends ?????

TTB should be aware that Ringgit appreciations will help COL as they will have forex and capital gains....

If they dump 4 more million shares, you will almost bet it will go below $3

Posted by FastMoney666 > 1 month ago | Report Abuse

$ 0.1041 dividend is no sweetener because stock price tanking like a rock, much more than $ 0.1041.....I will surely sell first ask questions later.......sell first and buy back at lower price, provided discount to NAV is huge enough - may another round of 40% discount? TTB sure will scream again, WTF, my NAV naik but my share price lembik.

Posted by FastMoney666 > 1 month ago | Report Abuse

To be honest, I have not been paying much attentions to iCAP for quite while unless the fund manager is making ridiculous statements. One of them that I cannot tahan when I read this year Annual Report.

"The same group of activists has previously wound up another listed closed-end fund, Amanah Millenia Fund in 2007. " Page 10, iCapital 2024 Annual Report.

Such falsehood cannot be allowed to stand unchallenged and here are the actual facts of the case as per public record.

"Same group" meaning COL was part of it? You won't find it......see this link...

https://www.dropbox.com/scl/fo/f6e8funvzomd1zmr8tipf/AN-osfCNnoPlYpil5hsTacI?rlkey=iq88eonwnpygbxmp2guk98f3v&st=0hx4qw60&dl=0

The vote to continue the fund after 10 years from listing is in its M&A, and the special resolution is proposed by the fund itself, as per the notice of meeting.

As a special resolution, it required at least 75% acceptance and no single or a couple of shareholders can muster that number as per the shareholders list.

These 75% must the activists then. 🙄🙄

mf

29,034 posts

Posted by mf > 1 month ago | Report Abuse

BREAKING
Japan’s Nikkei falls over 4%,

Posted by Patient Investor > 1 month ago | Report Abuse

Are we getting buffet lunch at coming AGM?

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Is COL thesmart money in iCap?

Their recent selling maybe to cash out due to MYR currency strengthening.

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