Please be reminded to all attendees,the venue of adjourned AGM is located at Wisma MCA on 30-11-14 , 9am sharp.

Just a reminder to all attendees , while you speak, if any of TTB supporters yell at you and ask you to leave, we can suggest to them to snap a photo of TTB and worship him at home.

I can't agree more what aptly your description is in the latest Icap AGM

The board of directors should lead the company, not the other way where fund manager leads the board of directors. Ultimately, who is going to accountable to shareowners?
Further, fund manager can be fired if sleep on his job or underperformed in certain given duration.

The 1st step to strip his power is to vote against Tunku Abdul Aziz Tunku Ibrahim from being elected as director in this coming adjourned AGM at Wisma MCA on 30-11-2014. 9am.(this coming Sunday)
Let other directors not his choice to be elected in near future.

Murali, pls not to fax but courier your filled proxy form to the registrar , tricot investor services son Bhd or by hand.

Metta, of course, I wish you to vote against the appointment of Abdul Aziz in this coming adjourned AGM. At Wisma MCA on 30th nov 2014 , 9am.thanks in advance.

If you confronted him about his performance in either AGM or seminar invited by him, he will ridiculed you with petty issues which I think as a paid fund manager, whether you like it or not , you have to show your professionalism to explain patiently to your shareholders

As pointed out by Laxey Partners and city of Landon Fund management, board of directors should not be the only one from the choice of TTB.
They also want their representatives so that fund manager of icap Bhd is accountable and not like the situation now. All control by TTB who is sleeping on his job

After the latest AGM, I can conclude current board of directors are puppet of TTB.

If Abdul Aziz is a gentlemen, he should just walk away and should not make any comment about the party he left. Just imagine how members of DAP welcome him when he just joint the party and even elected him as chairman of DAP.

I attended lastest AGM, a shareholder did asked this Abdul Aziz to come forward to explained his role in the company. You know what did he said, he only mumbling and only word which I can understand is integrity. I nearly got vomited as such guy has the integrity ? If so, he should left DAP quietly .

Murali, you are absolutely correct, this Abdul Aziz, is the one who joint Dap for about a year or so and backs tapped DAP 's Lim Guan ENG

I think our 7million yearly fees paying to TTB is notf worth at all as he has not done his decent job properly. To me, the fees is just like pouring into the drain without ant returns to shareholders of Icap Bhd.

Murali,
That is the reason why I spend my time here to highlight to current shareowners of icap Bhd to wake them up and make sure his puppet Tuanku Abdul Aziz Bin Tunku Ibrahim will not be elected in this coming adjourned AGM on 30th Nov 2014 ( next Sunday) so that their interest is protected and not mislead by TTB .

Calvin, why TTB bother to understand financial market, he has his icap Bhd which provided him comfortable yearly 7millions fees, what he need to do is to make sure his puppet Abdul Hajis being re-appointed on board of directors in the coming adjourned AGM on 30th Nov 2014, If he successeed , he can continue sleeping on his job as icap Bhd fund manager.

A lot of his die hard supporters misinterpreted why he got patient to wait for next crisis while some icap Bhd shareholders can't, they have forgotten that he is drawing 7m fees yearly from the company yet holding minimum shareholding.In the event if Laxey Partners see he is sleeping on his job, liquidation of the company is the only solution. I expect this day is coming just a matter of time.

Why he worry the ulterior motives others if he doesn't has one.

A printed copy of news letter worth around $1800 p.a 8 to 12 years ago can be sold at $25 p.a has 2 interpretations:
1. The quality of so called printed newsletter is in fact a toilet papers. Ask your wife who used to buy toilet paper from supermarket, she will tell you it cost more than that.so it is easily understood not worthy at all.
2. With his current snobbish characters and past couple of years of wrong advice,I believe he has lost a lot of individuals die hard supporters so he has to sell cheap to look for new one

Calvinteng, why he refuse to make investment decision, becos company has a lot of fund now .( As far as he is concerned), Once Lacey Partners pointed out rightly before previous EGM, he command the board of directors instead of the other way round.
There is no corporate governance such as accountability , he treated Icap Bhd as his grand father business. What he interested is slowly accumulate his wealth by drawing big fat fees.

687423, in investment field, not everybody will make a consistant good investment decision. In the case of Warrant buffet, he admittedly declared in public he had made a lousy investment in Tesco and loss a substantial sum of money.
Look at TTB of ICap Bhd, if you confronted him for sleeping on his job, will he admitted is mistake ? while any Tom , Dick and Harry making good money in stock since 2010 to 2014.

Ykloh, TTB says, he practise margin of safety, in year 2010,and 2011 market was high, he said you sit down there and patiently wait for his investment decision.
In 2012 market went higher, he asked you to sleep there to wait while you see your peers who invest in stock making good money.
In 2013, he said margin of safety was total out in Malaysia stocks and while he went around the world holidaying.His big fat fees was non stop flowing into his pocket .
In 2014, you ask him the same question again why not stock to invest, again he said all sorts of excuses and telling the word as if the stock market will crash in near future.
Worse still, he said you are not happy with his style of managing Icap, you can always sell and not to get involve with ICAP Bhd.

He is shameless fund manager, not doing his job properly ,yet want to dominate the board of directors.
I once heard his ex- staff complaint about him, he makes the investment decision alone.
Currently, he is managing icap bhd, capital dynamic global fund and capital international fund, which according to him, the later 2 funds cover about 40 countries. Do you think he can take care of Icap Bhd wholeheartedly?
What he is interested is to collect his fees and tour around the world and shareholders foot his traveling bills.
That is the reason why he is so worry his puppet director Abdul Hajis will not be elected in this coming adjourned AGM, he even go to the extend of conducting so called road show to appeal to his royalists to come all out to help him.

CEO not just get big Gaji Buta, but also abused the conduct of 2014 AGM. It ended shareholders have to pay extra-cost organizing Adjourned AGM 2014 for a minute resolution.

If a fund manager's expertise is to collect cash from fundholders and keep them in the bank while waiting for next ecomonic crisi, what sort of expertise of fund mangement can he demonstrate?

Any tom dick n Harry who hold value stock in last couple of years are easily outperform icap, yet the one who manage icap think that he is the greatest in fund management.

Perhaps he should enlighten us in the coming adjourned AGM to clear our doubt.

In that case, I guess the cost of his current tour to Malaysia with his staff to garnish support of his personal agenda in the coming adjourned Icap AGM also may partly financed by icap and hide in the advertising expense that will be appeared in 2015 Annual Report.

For a fund house like icap, what sort of advertising required? Looking for employees?
No, he said he runs the firm himself and outsource the clerical work to others
What objective does he gain to spent such huge advertising fees?

shareholders must safeguard their own interest by thinking independently. Don't be mislead end by TTB who owns a few shares yet drawing around $7m fees in total, $700,000 advertising fees, $91,000 accounts fee( fee pieces of contract notes).
All the above figures can be obtained from 2014 Annual report.
For advertising fees in 2013 Annual Report, it was merely $20,000

For a fund house like icap, what sort of advertising required? Looking for employees?
No, he said he runs the firm hisself and outsource the clerical work to others
What objective does he gain to spent such huge advertising fees?

Murali , I totally agree what you said, shareholders must safeguard their own interest by thinking independently. Don't be mislead end by TTB who owns a few shares yet drawing around $7m fees in total, $700,000 advertising fees, $91,000 accounts fee( fee pieces of contract notes).
All the above figures can be obtained from 2014 Annual report.
For advertising fees in 2013 Annual Report, it was merely $20,000

All these happens is due to there are no independent third parties strong enough to monitor his management that he can easily abuse the shareholders money in ICAP.

I can't agree maore what you said. But I want to add more, as long as he is his puppet and money paid by Icap Shareholders, who care?

I apppeal to those shareholders who are attending the Coming Adjourned AGM to "Vote Against" Abdul Aziz Bin Tuanku Ibrahim as director of the company who are puppet of TTB.

I once support Laxey to have other directors of TTB's choice in previous EGM but not succeeded.
See what is the consequences now, cash sit in the company but doing nothing and ask you to wait.
He happily drawing his yearly fees but share price not perfoming.
So what did shareholders get?

1901, I agree precisely what you said, As far as money is concerned,any fund or company needs independent directors to safeguard the interest of the co/fund.
Look at Icap,TTB only interested to appoint pupppet and he is the only one dictate the terms and could not care for those reired shareholders who need regular money for surviving.

Bcllct, dual listing is not good for Icap Bhd,
1. It involve foreign Exchange, Cost of purhasing shares in other countries normally is extremely high. Just check around with any brokers, to buy Hongkong shares from Malaysia for e.g, each purcase involve 2 brokers(local N foreign) + exchage of currency , so is about 1 plus percentage.and selling also invlove 1 plus percentage.

2.More brokers invlove, imagine if you buy localicap and transfer the share to foreign country, who is going to assist you? you have to open another account in another broker and fees invloved

3.For small fly like us, it sounds great to buy and sell in foreign countries, but cost is not worth it.

Go to Casino betting big and small.
If TTB keep shouting small every minute, a matter of time it definitely will open small, is this considered great?

I appeal to Icap shareholders in the even of any amendment of M&A arise, Please Ask TTB to amend the clause of declaration of dividend if company makes money as well as clause of Share buy back

So, ulterior motives of TTB as far as I know should be condemned but he always think that his loyal supporters treat him like god, but please be remember support him is one thing, Money in the hand is another matter.

Further more, fees are based on the percentage of the fund size, if dividend is declared, the fund size getting smaller,so are the TTB"s fees

For the benefit and interest of current Icap shareholders, the M&A can be amended to include constant declaration of Dividend and share buy back. But Does TTB care about it? If any shareholders confronted him with this matter his reply always like" You don't know that ICAP prospectus where dividend and share buy back is alloewed.
Rules always can be amended by human, isn't it?

In Fact city of London fund as well as Laxey fund has give him a lot of headache, he is rather worry that if the 2 funds has managed to appoint directors of their choice, pressure will be exerted on him to either find ways to close up the gap of ICAP between NAV and its share price or the worse scenario, he may be kick out by the Board of directors for his failed performance.

Dual Listing is to be his excuse to Amend the current M&A of ICAP so that any institution shareholders are not allowed to hold more than 5% of shareholdings of Icap,so nobody can question his performance such as like currently holding so much cash in hand and do nothing except asking his shareholders to be patient since 2010.
If this so called fund manager can still " cari Makan" , I think any tom tick and harry also can be the fund manager.
Keep cash for shareholders since 2010 means shareholders has lost a lot of Opportunity while year in and year out , he is happily collecting his fees without doing anything.

Hahaha,Dual Listing? he talk cocks for number of years already.
How to increase the NAV as well as Share price is the Prime matter.

Green Tea,you said this infront of him he gets annoyed and he will bombard you with all sorts of petty issues with the support of his loyal supporers.
In future, if any supporters yell at you while you questions him regarding cash conservation, please tell his supporters back "if treated TTB as god, must well make a "Patong of TTB" and bring back home to pray"

Must organised the sharehoders to kick out this TTB and wind up his fund and make him faceless.

Chyokh, you said this infront of him he gets annoyed and he will bombard you with all sorts of petty issues with the support of his loyal supporers.
In future, if any supporters yell at you while you questions him regarding cash conservation, please tell his supporters back "if treated TTB as god, must well make a "Patong of TTB" and bring back home to pray"

If not either we let go the shares or the fund being wind up and fund manager got fired.