Posted by hooi > 2012-08-03 09:29 | Report Abuse

Bought more Icap at 2.25

Posted by hooi > 2012-08-03 16:12 | Report Abuse

Bought Icap at 2.29, buy Icap < 2.30, hold at 2.30-2.36, sell at 2.37-3.00

Posted by jpleow > 2012-08-03 17:23 | Report Abuse

Wow, it’s unusual to see ICAP price rising so fast recently! Are speculators returning to ICAP?

ICAP was trading at a peak of 25.7% PREMIUM on 9/1/08 when speculators were actively ‘goreng’ it. However, speculators abandoned ship when market sharp drop during the US financial crisis & ICAP turn into trading at DISCOUNT since 8/10/08 & the discount kept getting wider.

Long-term investors, value investors, contrarian investors like me only bargain hunt when the prices are low, only speculators can provide liquidity & push up the prices.

Welcome back speculators!

Posted by hooi > 2012-08-06 09:18 | Report Abuse

Bought Icap at 2.28

Posted by jpleow > 2012-08-07 11:00 | Report Abuse

Foreign funds’ transactions (6/8/12 announcement):
Laxey Partners Ltd, United Kingdom,

Type of transaction, Date of change, No of securities, registered holder, (Market Low-High(RM)):
Acquired, 30/07/2012, 28,800, Credit Suisse Securities, (2.20-2.25)
Acquired, 31/07/2012, 15,000, Credit Suisse Securities, (2.21-2.24)
Acquired, 02/08/2012, 20,000, Credit Suisse Securities, (2.22-2.24)

OPEN MARKET PURCHASE

Total no of securities after change: 8,839,291, 6.31%

Posted by szewei > 2012-08-07 11:04 | Report Abuse

i miss this boat !!!

Posted by yfchong > 2012-08-07 11:06 | Report Abuse

No problem wait for Padini ..... Pls check on hooi

Posted by szewei > 2012-08-07 11:08 | Report Abuse

yea have been waiting padini

Posted by hooi > 2012-08-07 11:38 | Report Abuse

Buy Icap < 2.31, hold at 2.31-2.36, sell at 2.37-2.80

Posted by chongkonghui > 2012-08-08 12:42 | Report Abuse

Based on 2011 annual report, as at 22.6.2011 iCap holding 22,700,000 Padini shares at less than RM0.30 per share.

Today Padini shares @ RM2.10

Posted by jpleow > 2012-08-09 18:18 | Report Abuse

8/8/12: NAV=RM3.01, Price=RM2.33, ICAP traded at 22.6% discount.
Discount narrows slightly but still undervalued.

I thought with Padini price dropping, its NAV would drop, however, I was wrong, its other component stocks must have saved the day, phew!

Posted by hooi > 2012-08-13 09:53 | Report Abuse

Bought Icap at 2.29

Posted by hooi > 2012-08-13 11:21 | Report Abuse

Bought more Icap at 2.29

Posted by jpleow > 2012-08-14 10:05 | Report Abuse

Foreign funds’ transactions (13/8/12 announcement):
Laxey Partners Ltd, United Kingdom.

Type of transaction, Date of change, No of securities, registered holder, (Market Low-High(RM)):
Acquired, 08/08/2012, 20,000, Credit Suisse Securities, (2.33-2.35)

OPEN MARKET PURCHASE

Total no of securities after change: 8,859,291, 6.33%

Posted by hooi > 2012-08-15 16:34 | Report Abuse

Bought Icap at 2.29

Posted by chongkonghui > 2012-08-16 10:59 | Report Abuse

+Hooi, good price to accumulate ...

Posted by hooi > 2012-08-16 16:02 | Report Abuse

Bought Icap at 2.28

Posted by hooi > 2012-08-16 16:11 | Report Abuse

Bought more Icap at 2.28

Posted by jpleow > 2012-08-16 18:07 | Report Abuse

15/8/12: NAV=RM3.04, Price=RM2.29, ICAP traded at 24.7% discount.

Posted by hooi > 2012-08-16 19:00 | Report Abuse

Buy Icap < 2.33, hold at 2.33-2.36, sell at 2.37-2.82

Posted by hooi > 2012-08-17 11:23 | Report Abuse

Bought Icap at 2.32

Posted by Melvin Gan > 2012-08-17 11:36 | Report Abuse

lol hooi u only invest on consumer sector padini and icap ?

Posted by hooi > 2012-08-17 15:16 | Report Abuse

Icap is a closed-end fund, invest in Icap = invest in portfolio managed by Tan Teng Boo

Posted by chelsea168 > 2012-08-17 15:26 | Report Abuse

Still can Padini if the price is right?

Posted by chelsea168 > 2012-08-17 15:26 | Report Abuse

Still can buy Padini if the price is right?

Posted by chongkonghui > 2012-08-17 15:27 | Report Abuse

iCap invest in only 10 companies....

Posted by hooi > 2012-08-17 16:05 | Report Abuse

Bought more Icap at 2.32

Posted by jpleow > 2012-08-18 10:53 | Report Abuse

Foreign funds’ transactions (17/8/12 announcement):
Laxey Partners Ltd, United Kingdom.

Type of transaction, Date of change, No of securities, registered holder, (Market Low-High(RM)):
Acquired, 13/08/2012, 24,000, Credit Suisse Securities, (2.28-2.31)
Acquired, 17/08/2012, 9,800, Credit Suisse Securities, (2.30-2.33)

Open market purchase

Total no of securities after change: 8,893,091, 6.35%

Posted by hooi > 2012-08-23 11:49 | Report Abuse

Bought Icap at 2.32

Posted by Ching Yin Carrot Loh > 2012-08-23 15:28 | Report Abuse

Hi hooi,is it this counter u also use the same way to ply as padini? thanks

Posted by hooi > 2012-08-23 15:29 | Report Abuse

Bought more Icap at 2.32

Posted by hooi > 2012-08-23 15:39 | Report Abuse

Use NAV

Posted by hooi > 2012-08-23 16:39 | Report Abuse

Bought Icap at 2.31

Posted by Ching Yin Carrot Loh > 2012-08-23 16:44 | Report Abuse

Will u tell me,what is nav?if u can,thanks =)

Posted by jpleow > 2012-08-23 17:58 | Report Abuse

NAV is Net Asset Value.

Posted by jpleow > 2012-08-23 18:16 | Report Abuse

22/08/12: NAV=RM3.04, Price=RM2.33, ICAP traded at 23.4% discount.

Posted by Ching Yin Carrot Loh > 2012-08-23 18:20 | Report Abuse

Thanks a lot ya jpleow =)

Posted by chongkonghui > 2012-08-24 09:17 | Report Abuse

Pros and Cons of a Closed-Ended Fund, You can buy or you have to sell at discount to NAV.

This is only for investors whom believe in Value Investing and wiling to wait to harvest.

Posted by hooi > 2012-08-24 10:08 | Report Abuse

Bought Icap at 2.31

Posted by hooi > 2012-08-27 10:01 | Report Abuse

Bought Icap at 2.31

Posted by hooi > 2012-08-27 14:45 | Report Abuse

Bought Icap at 2.30

Posted by hooi > 2012-08-27 16:51 | Report Abuse

Bought more Icap at 2.31

Posted by jpleow > 2012-08-28 09:53 | Report Abuse

Foreign funds’ transactions (27/8/12 announcement):
Laxey Partners Ltd, United Kingdom.

Type of transaction, Date of change, No of securities, registered holder, (Market Low-High(RM)):
Acquired, 22/08/2012, 16,900, Credit Suisse Securities, (2.32-2.34)
Acquired, 24/08/2012, 24,500, Credit Suisse Securities, (2.31-2.32)

Open market purchase

Total no of securities after change: 8,934,491, 6.38%

Posted by hooi > 2012-08-28 10:23 | Report Abuse

Bought Icap at 2.30

Posted by kcchongnz > 2012-08-28 13:17 | Report Abuse

Icap at 2.30 is trading at a huge discount of about 25% of its NAV. Well most closed-end-funds in the US and around the world are traded at a discount to its NAV as this is a finance puzzle and an anomaly, but not to the tune of 25%. Why is icap traded at such a big discount? I can't think of any reason. The fund manager is not a "chekai" (hopeless) one. The management expense ratio is not higher than a normal open-end fund. I don't think there is any high tax or other liability, etc. I seriously think an ordinary investor (emphasizing "investor")should consider investing in icap, rather than simply buying shares based on rumours (even investment banks) or putting his hard-earned money in a normal unit trust which 80% of them under-perform the market. The discount should narrow in the near future as value tends to mean reverting, especially when there is interest from foreign funds.

Posted by Ooi Teik Bee > 2012-08-28 13:18 | Report Abuse

Oh,

Thank You

Ooi

Posted by hooi > 2012-08-28 15:11 | Report Abuse

Bought more Icap at 2.30

Posted by hooi > 2012-08-28 16:12 | Report Abuse

Bought Icap at 2.29

Posted by hooi > 2012-08-28 16:46 | Report Abuse

Bought more Icap at 2.29 & 2.30

Posted by Ooi Teik Bee > 2012-08-28 16:55 | Report Abuse

Yes Buy Buy Buy Strong Buy Signal