Correction ha...4.2 million shares not 4,200 millions(ooops.....) Sorry

When COL start selling, other small guys will rush out from the door even faster and will create a death downward spiral.

Hope TTB will not get piss when reading these comments or drag me to court.

For anyone who follow YTL Corp, when the share price crashing down to 50 sen.....it was EPF that continued to sell down during the whole period the Covid 19....the price stopped declining when they stopped selling and of course with the financial turnaround recently, it just rocketed. A sharp eye like TTB surely will have something to learn. If they force COL to pare down stakes to less than 20% from current 23%, just a 3% pare down will be roughly 4,200 million shares....it will drive it down if they are forced to sell in a short time due to injunction or court orders(in case they won la)

Go....yeah... baby go ..... kimochi

TTB argued that the period where icap enjoyed a huge premiums in year 2007....at that point of time, all investors sure feel shiok due to bull market....but just like Warren Buffet said bull market was like sex, it feel the best just before it end. ^--^

@dumbMoney - agreed. I wish TTB to be fairer and not to get personal. It's small guys that keep selling while there are some institutional investors providing liquidity to prevent share price dropped irrationally. TTB argues that it's small holders that will provide stability and narrowing the share price. I don't quite agree to that. There are plenty of studies show that any stock market dominated by retail investors such as early days in the USA or China stock market, the price volatility are way much higher. When it goes up it will go up to euphoria stage and when it goes down, a dollar found on the street is being delusional justified as 0 value. ^--^

If TTB think we can run bad mouth campaign to shake off confidence is akin to the pen is mightier than the sword. thinking..then the richest man on earth should be a writer not an investor or speculator.....if we think we are bigger than the market, we just kidding ourselves. ^---^

@dumbMoney - +/- 3,000,000 shares at 30,000 shares per day - 100 trading days....Enough to shake the small timers
Today already people willing to let go at 2.59

@patient investor - if you have shares now, sell it and wait for RM 1

Re announcement posted by speakup....
It will just add uncertainty to the stock and widening the discount again....
Let's see how deep are the pockets of small investors to keep buying and try to narrowing the discount......if everyday only a couple of thousand shares changed hand it will take a long long time of moving sideway if we are lucky but if we are unlucky some emo small timers might just take whatever buyers price.....crashing down the stock. Then TTB will start buying again ? He and his fund have accumulated not small amount of shares ... already reaching 2.18% as of 1 Sept 2023....Is TTB actions driving down or COL talked down the share price? ^-^

I believe TTB original intention trying to setup a closed end as opposed to open end funds has a few reasons. The obvious advantage of closed end funds could prevent draw down during market downturn because there is a secondary market to allow those who want to exit or enter the market. In other words, TTB has the flexibility to raise cash at the market top and to deploy cash when stock market is crashing without worry about fund redemptions. This philosophy is also very similar to a fund manager that running Pheim funds tactically determine amount of cash to hold/invest. They tend to make concentrated bets on a few winners but there are also a numbers of losers in their portfolio. This kind of investing style will typically move side way and suddenly make a big move in NAV. Just for an example, when you buy in year 2011, it make side ways for a number of years, many will be very frustrated looking their investment fluctuating within a small band...the frustrated "shareowners" will tend to sell at a discount due to liquidity issue. When you have an illiquid stock, you just need to sell down a couple of hundred thousand shares to drive down share price a lot.

Secondly, he does not have an extensive marketing arm like Public Mutual to allow small investors to invest only a small portion of their funds. if you see his other open end funds, the minimum amount is huge USD 100 k for his Global fund, A$ 5k for his ICAPBF, A$ 20 k for international value fund and etc.....as for ICAP.BIZ you can buy a little as MYR 2k or lesser.

The downside, unfortunately you will get all kind of investor base(regardless of closed end or open end).....but only with 1 objective, make money. Call them long term, traders, speculators or suckers, etc......you will have all of them. This is something TTB has to accept. I doubt how many long term investors are there, if we traced the major shareholders from the annual reports, a lot them with big positions come and go. You just compare the top 30 largest investors in 2006, 2016 and 2022....you will see how shares has changed hands within that span of time(I just picked 10 years interval to see how many of them can hold that long)...you check it out yourself. Those with large positions most likely contributed to the discount when they decided to exit.

Share price is determined by supply and demand, if most of the "shareowners" are short term oriented, you will see supply greater than demand. If you really have long term "shareowners", no one sells, when demand is greater than supply, there is only one way somebody needs to pay more either at NAV or even at a premium. It's pure market mechanism 101. Good luck in attracting the like minds.......in stock market.....it's animal spirit and not religion beliefs that rule.

After price hit $2.94, there were very strong profits taking with 4 days down from 22/8 till 25/8. Loss of almost 8% within 4 days, huh huh :(....thought it will continue to crash down but nice price action support by COL on 28/8....bought almost every sell orders for that day. COL looks like determine to buy more and more. Price target 3.5 will be realized sooner than most think. Vote with your wallet and not with your mouth...another way of saying put your money where your mouth is...heh...heh? :)

COL crossing 30% ownership will give them an opportunity for a concert party...Their current ownership is about 22% -- they need to buy at least another 8-11% to reach 30-33% or 11 -15 million more shares. If they chase the price all the way to RM 3.5-3.60, iCap discounts will be narrowed or disappeared. Not many of TTB die hard fans will be induced to sell if they make a mandatory offer without any premiums to the NAV.

If COL have been accumulating share price at lower level of first 22% and next 11% at RM 3.5(assumption), they average buying price will be around MYR 2.83. They will sit on around 24% profit to make a mandatory offer at 3.5. It's not a great return after so many years of hardworks.

The most likely scenario is to let iCAP to continue to grow the assets while putting pressure on him to narrow the discounts between NAV and iCAP price. They won't kick out TTB based on 1 simple logic: why kill the golden goose?

TTB on the other hand is quite shrewd, through his newsletter, he has been guiding his subscribers for the first target iCAP price of 3.5 and second target of 4.7. He is playing a psychological warfare with COL....hoping the existing shareholders hold on to their shares or attract others to bid up the price quickly to make it much more expensive for COL to acquire next 8-11% block of shares in the open market.

Buy some chips and Cokes......Sit back and relax and enjoy the show: COL vs TTB.