ICAP (5108) - Stock Market Buzz

TTB mentioned that COL buying cause the price discount. If after COL stop buying then price discount reduces or go premium that will proof him right.

3 weeks ago

JunHoHoHoHo

That's why iCap is able to attract the funds from London 😁

3 weeks ago

Kevin Tam

With the performance of ICAP in past 12-18 months, the NAV can reach 4.40-4.50 in 6 months time (provided SP 500 maintains n no collapse) n more retail investors n COL continue to buying in, the gap should be able to narrow to just 10-13% in next few months....Those very pessimistic about ICAP, it is strange that they r still holding ICAP shares or even more strange that they r not holding any shares but come here to talk bad about Icap...

3 weeks ago

EngineeringProfit

I 100% with Icap- my favourite. Averaging up- no fears

3 weeks ago

Further to the announcements dated 3 November 2023, 16 November 2023, 17 January 2024 and 4 March 2024 (“Announcements”), unless otherwise defined, the definitions and terms used as set out in the Announcements shall apply herein.

The Board of Directors of the Fund wishes to announce that the Judge of the Kuala Lumpur High Court had dismissed Pop Investment Limited ("Plaintiff")’s suit on the Originating Summons No. WA-24NCC-581-10/2023 (“the OS”).

The Fund will make further announcement on the developments of the above matter as and when is necessary.

This announcement is dated 25 March 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3433355

3 weeks ago

To many may still thinking current situation is status quo, the implication of Pop Investment lost the case will have the implication of Foreign ownership may be capped at 20%....those still thinking COL or foreign investors will continue to buy, you may need to digest this latest development.

TTB did not publish this in a high profile manners is a smart thing to do. Else when panic sets in all rushing out at the same exit door, iCap price will undo all the advances.

3 weeks ago

One of the things that may directly impact COL will be their voting rights....even they have more than 20%....their voting rights will be clipped. If I'm in COL shoes, I certainly have no incentives to buy further.

3 weeks ago

This fund never targeted foreign institutional fund.
Ttb mentioned Col buying causes the discount, he is not proven wrong.
If Col stop buying then discount reduces or go premium will proof him right.
Majority of retail investors at AGM boo when Col mentioned, the sentiment show Col stop buying or exit will be cheered.

3 weeks ago

Time will tell............:)

See 22/3 189 k shares bought by COL and that large long green candle......for now many iCap shareholders that entered at lower prices are rejoicing.

Hope more water fish will take the bite.....

3 weeks ago

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥

I bet COL will keeps buying even the 20% cap on voting rights is implemented.
Just work out how much COL make for the past one year will clearly see this.

Though the fund manager make it clear the fund is not intended for institution fund, but if the performance prevail, local institution will buy in.

3 weeks ago

I am rumour mongering here. Perhaps DLady's recent price changes had something to do with this counter. ????

2 weeks ago

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

2 weeks ago

神秀说：“身是菩提树，心如明镜台，时时勤拂拭，勿使惹尘埃。”
惠能说：“菩提本无树，明镜亦非台，本来无一物，何处惹尘埃。”

2 weeks ago

Student: To solve the problem need to remove the root cause (remove the wrong type of shareholders)

Master: To solve the problem need to remove the root cause (remove the stagnant NAV). Need to increase NAV at faster rate.

Which is which, NAV or wrong type of shareholders the symptom or the root cause?

2 weeks ago

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥

SSlee, if you know the story, 惠能 left the temple right after he received the baton.

If apply what 惠能 says, When we leave i3 forum, we wont have to deal with all the arguments in here.

2 weeks ago

>>>
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
>>>

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.

2 weeks ago

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.

2 weeks ago

JunHoHoHoHo

why suddenly talk about these philosophers? 😂

2 weeks ago

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.

2 weeks ago

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.

2 weeks ago

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.

2 weeks ago

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”

2 weeks ago

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

2 weeks ago

Investment needs two aspect, both scientific and philosophical.

2 weeks ago

@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?

2 weeks ago

EngineeringProfit

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.

2 weeks ago

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.

2 weeks ago

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.

2 weeks ago

EngineeringProfit

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.

2 weeks ago

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥

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

2 weeks ago

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%.

2 weeks ago

JohnD0ugh

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

1 week ago

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

1 week ago

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.

1 week ago

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

1 week ago

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

1 week ago

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

1 week ago

what reason would Saudi do that?

1 week ago

Why is TTB pushing up for COL?

1 week ago

JunHoHoHoHo

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/

1 week ago

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?

1 week ago

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.

1 week ago

Icap share price high so TT stop hantam COL

1 week ago

JohnD0ugh

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

5 days ago

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

4 days ago

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

4 days ago