Icap Biz hahaha....
TTB suka-suka feed in his comparisons at his fancy.

In the early few years, when Icap bhd was doing well, every year during Icap Bhd AGM, he boasted himself his performance was better than Warren Buffett with colorful graph showing how well his performance if compared with Berkshire Hathaway as both are closed fund. He claim he is warren Buffett of east......

In the latest 3 to 5 years, he don't even dare to show his Compounded growth for 3 years and 5 years performances respectively. Not to mentioned his comparative performance with Berkshire Hathaway.

He only show his cumulative performance since Icap Biz inception .

For any fund house report, the standard reporting is to have performance for 3, 5 and from date of its inception.....

I can't agree more what have quoted by you:

"Time is a friend of a great business, and it is an enemy of a lousy business"

Tong Kooi Ong starts his value investing column in The Edge weekly Paper about a year of so, it is funny that he can still find valued in many companies listed in Bursa while our self proclaimed valued fund manager Tiam-Taim Boo can't locate these companies since 5-6 years ago.
If both are using the same method of investing, why Tiam Yiam Boo just can't do it?
Further Tong Kooi Ong only raised his cash level lately where else Tiam Tiam Boo raised his cash level since 2010 with all sorts of economic bullshit excuses.
In summary, he is totally sleeping on his job at expense of icap shareholders.
A Fd placement fund manager should not procalimed as valued investors.

Key element of investment decision involves with common sense, informative subscription will not sell cheap and lousy subscription worth only $25 or less. So, it's quality is nothing more than TOILET PAPER. If you don't mind use it to wipe your buttock .hahahahaha......

CP Teh, why dream of working for monkey? Should work for human lah.

We have enjoy bull market for last 6 years n our capital has grown . We are ready to reduce our investment while our Ttb is sour grape. Hahahaha . This so called Fund Manager ? or That is right, monkey manager.

吃不到葡萄就说葡萄是酸。哈哈ha

CP Teh, why dream of working for monkey? Should work for human lah.

We have enjoy bull market for last 6 years n our capital has grown . We are ready to reduce our investment while our Ttb is sour grape. Hahahaha . This so called Fund Manager ? or That is right, monkey manager.

吃不到葡萄就说葡萄是酸。哈哈ha

Of course the end result of holding so much cash is due to wrong forecast of bearish markets since last 6years. What is so proud of it..... Yet dare to let public know. .... Beh pai sai..... What is the inflation rate for past 6yrs....cash has disminished in real value....

Of course the end result of holding so much cash is due to wrong forecast of bearish markets since last 6years. What is so proud of it..... Yet dare to let public know. .... Beh pai sai..... What is the inflation rate for past 6yrs....cash has disminished in real value....

Hopeless fund manager, his performance can't even beat the FD rates in last 5 years.

狼来了，狼来了。有一天狼 一定会来。What is considered " chun chun forecast" for this lousyTTB fund Manager?

By right why not treating investment lesson as an additional subject which is not cover in school or university or part time lesson that may be useful in future, who knows?

I remember in Dr. Neoh Soon Kean's book, Stock Market Investment in Malaysia and Singapore. There was a case where a Doctor's son was forced by his Doctor father to pursue and complete his medical course , but the son was not actually keen with his medical study. However the son tried to pick up extra courses in his University, He saw a lecturer who drove a beautiful Porsche in his campus, later , he found out that lecturer was teaching investment course, he told himself that the lecturer must be good in his personal investment and be able to drive nice sport car. In oversea university, the student is allowed to participate other courses on his personal capacity without sitting examine. He followed that lecturer's investment course and picked up his investment knowledge.

when he was back to Malaysia after practised a few years and after accumulated some capital, he started to invest in Malaysia market and make many time more than his medical practice.

I think it is no harm for others to have extra skill as long as he has spare time.

It reminds me Hong Kong tycoon Lee Ka Sing use to advise young people " everyone has equal 24 hours per day, during the office hours, you must contribute your best to your company, you must also pursue 2nd career after office hours by read as much as possible or do what you like best because who knows, that may turn out to be your lifeline either you got retrenched or meeting misfortune event."

I believe those people who follow his advice will live better and comfortable in life .

King36

Address of City London Group as follow:-

Simon Westlake
City of London Investment Group
020 7711 1552
simon.westlake@citlon.co.uk

Posted by speakup > Sep 27, 2016 06:54 AM | Report Abuse

during the property theme bull, ICAP bought 0 property counters
during the export theme bull, ICAP bought 0 export counters
during the construction theme bull, ICAP bought 0 construction counters
now in the steel theme bull, ICAP bought 0 steel counters

WHAT IS THIS????? ICAP MISSING ALL THE BOAT!!!!!



Becos he is sleeping on his Job

Posted by ckkhen > Sep 27, 2016 09:46 AM | Report Abuse

During the Saturday afternoon talk, TTB said his favourite heroes are Mao Tse Tung and Lee Kuan Yew. So now we understand how he runs icap.
Dictatorial style. Look at China and S'pore now. So successful



Wow, suddenly Mao Tse Tung and Lee Kuan Yew Style of managing fund,
No more value investing? all these changes are overnight? Not formulated and properly announced ? For his naive ,loyal supporters?

May be next year, he will announce loudly like our MO1, I am not a crook, but my private accounts full of $2.6 billions......

why you so stupid listened to me previously lie.....

All this waiting or stupidity is not your fault. Regardless of good or bad economy conditions ,A good fund manager' job is a continuous process he can still excel in his work in any conditions.

If you are a boss of a company , you surely will not agree with your sales manager telling you that better don't sell company's products now, market is going to be bad, lets' stop selling or else, you may find collection problems later on.
If you are boss, will you fire him or wait for your time to close shop? Bear in mind their salary you continue paying.....

Similarly, for Icap, your waiting is not due to your fault, did TTB expressively telling you all that he is not going to invest in previous few years in icap Annual report?

If he didn't do anything , he must be prepared to be sacked or overthrown.

Don't get frustrated, be prepare when City of London approaching for EGM( if any), just show your colour to him.

Wow, after AGM still comment on this TTB of Icap......

Posted by LLHu > Sep 23, 2016 07:26 PM | Report Abuse

Though a lot of people happy hentam TTB everytime comes their AGM for the past 4-5 years,yet little change or nothing happens...thanks to the majority loyal n stupid shareholders....will it be the same again this sat?


Your feeling i can really understand.

But those are the naive , new shareholders becos, ttb good in is "characters makeup", newbie don't understand it at all. Have not seen his true colour.

That is why these few nights before AGM, I tried to highlight to newbie in this forum.

see liao la, if those people invested i-capital global fund.

Icapshit,

You are right , Icap global fund has only about 7% cumulative returns since its inception from july 2007.(data obtained from its web site)
That means in 9 years duration, the return per year is 7% divided by 9 which equal to 0.7%.

Hahahahaha...... mana a sai, makan tahi punya fund manager TAN Teng BOO.

A laughing stock at end of the day, underperformed fund manager Tan Teng Boo @ nhy6 is chasing away investors who invest and talk bad about him and his company where he holds the position as fund manager 2 days before Icap Bhd AGM.

Posted by Cipta > Sep 22, 2016 11:08 PM | Report Abuse

It is weird to hear someone asking SHARE-OWNER to leave the company instead of firing non-performing MANAGER whom is makan gaji in the company.


look at his standard, don't you agree. nothing different from Samseng or gangsters lah.

he can threatening newbies or new investors, but not Mg9231.
Initially, he acts as so humble and different to other company by addressing shareholders as shareowners. I was impressed. But, today everybody can see his true colour lah.

That nhy6 is in fact nick name of Tan Teng Boo, mana ada standard. everybody can see it.
Investors normally are so free until "Yeo lam pah and nothing to do or do nothing, after execute order, talk nonsense lah.

Who ask your company icap Bhd list in bursa? and let MG9231 bought it, If you don't let Mg9231 bought and hold it, then boh tai chi lah, he will not let others know your lousy standard lah. Know economy term half past 6 , only know recession but don't know opportunity cost.
mati lio, must let a lot of shareholders curse you in coming AGM . Yet you blame people buy your company shares.

Tan Teng BOO, let me MG9231 tell you lah, if you worry Mg9231 and other talk bad about you, the correct way is to privatise it and keep all icap bhd shares with your mistress lah. as simple as that.
Mg9231 first time heard the top manager chase away shareholders lah, very ashamed of you in investment industry lah.

Nhy6 Tan Teng Boo,
Investor MG9231 is not a newbie lah, no need to rely on you for tips ,or your toilet paper subscription for idea lah, not need poh your lam pah , you know but able to talk bad about you lah.
Investors just load a few timber and palm oil company this morning still have a lot of time to cerita your "lousy waiting game" stretagy, you will be catching a falling knifes lah. Why tunggu sampi tak habis habis, now timber and oil palm companies already have value, why still waiting. May be next few months sudah boleh havest.
MG9231 don't have to be an economy expert to buy share lah
you think MG9231 rely on you, you didn't ask Calvin properly kah, You already know ajiya bhd alone MG9231 made millions.
If rely on your icap Bhd alone, MG9231 already lapar sampai mati lah.

nhy6
ha...ha... u decide 2 buy, u decide 2 sell. dusti is rite, so many clever people here. like mg9231, keep f*king Ttb still keep so many icap shares....duh? sounds like icapshit!!! 2 also full of shit...ha...ha

nhy6,
mana boleh, tan teng boo, sudah goyang kah,
You don't read it properly my thred above , I plan to sell it to City of London ..

Posted by nhy6 > Sep 22, 2016 09:43 PM | Report Abuse

dusti, u talk sense.

For now, it is not about what questions to ask at the AGM, but to ask yourselves what you should do NOW. I'd walk away and find a new promising company to place the money or put it under my pillow.

ha...ha... u decide 2 buy, u decide 2 sell. dusti is rite, so many clever people here. like mg9231, keep f*king Ttb still keep so many icap shares....duh? sounds like icapshit!!! 2 also full of shit...ha...ha


Tan Teng boo lagi datang sini peep again, selamat petang.

Nothing much to do in the eve of icap bhd AGM , must talk bad on him so more shareholders will spit on him during AGM lah

I attended Icap AGM before listen to Tan teng Boo teased and talk bad about Malaysia. How stupid the BN leadars manage Malaysia, Blah blah...

Why are you, tan teng boo still stay and live in Malaysia today. you should migrate long ago. You bastard, don't do what you preach.

You list Icap Bhd in KlSE, if you have guts, just tell loudly during coming AGM to all shareholders "if you don't like Icap Bhd, talk bad about Tan Teng Boo ,just sell it", I will be there to listen your this sentence.

I fuck you dare.

ho say lio

taste not test

Posted by dusti > Sep 22, 2016 03:47 PM | Report Abuse

Must declare I don't hold any share here but curious bcos the strategy involved here is wait for a deep market collapse and cream the investments on recovery, and claim also, credit for wise action. Then beat the chest and shout like Tarzan and add Warren to my name. The present loser will eventually be a winner, but the never ending boom market will delay this for a bit yet.
Hard to believe that so many clever people can be stuck here for so long. Most of you could have done much better on your own. For now, it is not about what questions to ask at the AGM, but to ask yourselves what you should do NOW. I'd walk away and find a new promising company to place the money or put it under my pillow. By the sequence of events, just imagine what would happen to the share price if the market collapses.


In any investment theory, knowing the key management personnel is the utmost importance factors to be considered before parting your hard earned money in the investee companies.

How you know their characters? will they take care of shareholders, willing to work hard for the benefit of shareholders or preaching one things and doing it is another thing. Do they keep their promises? Draw a big cake on the wall and bluff the ways through while find ways to curi company's fund.
Only history will tell you. Do icap Bhd has a long history? latest 6 yrs clearly show it to me. So, I am lo lo soh soh to tell the characters of fund managers of Icap Bhd. His true colour to myself as well as newbie. Put it in record in i3 investors for future newbie's reference.

Investment is not a matter of winning and losing of money and wrap it up by just walking away.

At least you know the reasons why and when times come you know how to handle the investee co.

Can Tan Teng Boo convince you by saying don't know the reasons why he lost a lot of money on Parkson ? Parkson not his test and just walk away after holding it since inception of Icap bhd. he even average it last year.

Posted by Johnnys > Sep 22, 2016 05:32 PM | Report Abuse

when market Good, it keep increase cash level, I'm sure, he will pick the falling knife when market BAD. Just like Old Man say: Good Market you cannot earn $$ what are you expect when BAD market coming? will it earn $$ at BAD market!! sure lost underwear.


I CAN'T AGREE MORE OF WHAT YOU SAID.

That is the reason I anticipate a budget of $65m must allocated for his management and advisory fees if recession really comes true. All cash saving are meant for him only. His naïve n loyal shareholders who listened to him and allocated majority of their wealth in this counter will cry then.

next resistance $1.35 then $1.50

Not a dream lah, we are in realty.

hng33,
congratulation....

Posted by Zea XG > Sep 22, 2016 05:31 PM | Report Abuse

Don't ask him about his investment strategy (high cash). that's his job as manager. He will just reply current valuations of good companies are too high, not worth to invest. Just attack him on why is his management fee still so high despite his main job is to rollover FD/STMMD everyday.


You are perfectly correct.
A gentleman would admit mistake for his mis-judgement in market readings.
Ask for forgiveness and initial his pay-cut in his management and advisory fees.
I notice, a lot of shareholders already raise their concern why cash level are increasing since last 5 years. He has given is standard answer that recession will come very soon. Stand by cash to buy at the market crash.

If he cares with shareowners (words used by him as if he is concerned the well being of shareholders) feeling, he should initial cutting his management and advisory fees long ago to compensate his mis-judgement.
he knows well he is underperformed in his duty and his mistake but he is damn thick skin. He talks only but more concern his own pocket.

ckkhen,
i am not the one mentioned by you. in fact, he practically teased every one who raised questions against his wishes during AGM.

Posted by ckkhen > Sep 21, 2016 09:51 PM | Report Abuse

Regarding dividend, TTB says no problem as long as majority of shareholders want it. But so far no takers.
City of London (15.7%) is the only active one. The other 14% US Fund managers keep quiet only. So do most Malaysian shareholders.

If nothing positive comes out in the AGM which I am attending, I'll sell out gradually, after all my average price is 1.81. Better take care of myself first. I advise others to cut loss if need be.


Ckken, keep in touch in I3 investors forum. Sarawak Reports Editor Clare Rewcastle Brown with internate facility only can have a good fight with our untouchable MO1. Why with internate around ,you can't fight for your rights.

Tell you, one day you may get a surprise that City of London Fund management may contact you through their brokers and buy from you off market. If they accumulate their shareholding more than 33.3% in Icap Bhd , they can buy up the whole Icap bhd at their last traded price. This is what TTB is most worrying about.

If Icap share price still persist at yesterday's closing price, that means whole Icap bhd's Market capitalization 2.35 * 144,000,000 = $338,400,000.
while RAV worth $3.13 * 144,000,000 = $450,720,000
$450,720,000 less $338,400,000 =$112,320,000 (surplus)
The surplus is the meat worth chewing.

I don't mind wait for their calls even though my shareholdings are much smaller than yours. I don't mind sell to them at lower price.

Posted by stonebridge > Sep 22, 2016 02:36 PM | Report Abuse

As a professional fund manager, even crisis also can make money do not talk about "cash is king" such a crappy statement.

The fund already lose the opportunity to make shareholders' money to work for shareholders! Why people want to invest in the stock if they can put in FD to earn interest with super low risk? Think about it.


As I said before, now you can see he is a half past 6 fund manager. Only this type of fund manager is waiting for market crash.

Even if you don't know English, during Q and A ,you can ask questions in Chinese, Malay and Tamil. A good Company will stand by interpreters, if not some helpful shareholders will help you. don't worry , think of your questions and ask him thoroughly why he miss the opportunity in last 5-6 years. or is he sleeping on his job as I guess.
Company also has to find time for Q & A . Please don't cut short the Q & A time. Don't be threaten by him time for venue is limited. That is the main purpose of having AGM.
Unlike what he do now, organise Seminars and other companies exhibitions which i think is a distractions to current shareholders.
Why shareholders money is used to sponsor rubbish events and exhibitions. All these activities are throwing shareholders money into the drain.

Posted by Cipta > Sep 22, 2016 02:51 PM | Report Abuse

One question can ask in the AGM is why TTB misjudge the market, misjudge not one year but successive for five years. What is the correction action by the BOD?


This is correct way to rectify the problems faced by shareholders. every Shareholders must stand up to ask pertinent questions and company must accomodate and satisfy them. if not what is the point having AGM.

If he misread economy a year or 2 is excusable but for continues 5 or 6 years. That fund manager must either 'cha sai' or totally incompetent. for a fund house with this type of fund manager 'die lah"
For further more, his job is to review and search for valued companies like our KC chong doing not every days talk world economics problems.

Posted by nhy6 > Sep 22, 2016 10:26 AM | Report Abuse

u hold so many shares u dont make money. u r so stress u hav to do so much work. simple advice sell your shares n have a happy life!!!!


Hello,Tan Teng Boo, early morning already come to peep at this forum to see people talk bad about you. It shows you are more stress than me. I just came back from lunch with friends but you are already there to peep our discussions, sorry hor not able to entertain you on time. Never mind lah, i think you will drop by to peep at this forum soon. For your information, As a investor, life is rather boring, so must kay poh chi fund manager abit. to make fun lah especially Icap Bhd AGM is around the corner , talk bad about you with fingers on keyboards so that more icap investors will "taruk" you during AGM. make hard time for you . sooo Happy and I enjoy it

That is the reason why i said he is drawing a big biscuit on the wall, you can see it but cannot grab it.
He will neither willing to proposed co share buy back because he reserve all the cash for his personal management and advisory fees.
he can ask for amendment for Memorandum and Article of the company favourable to himself but not amend for benefit of shareholders such as distribution of dividend.
That is the reasons why i call him immoral, unethical , unprofessional, exploitative and sucking fund manager.

kcchongnz Posted by MG9231 > Sep 21, 2016 05:27 PM | Report Abuse
By 2025, if Icap Bhd still underperformed as like now, he is continuing his way of bluffing by bullshitting world economy problems and is sleeping on his job, can't generate cash from investment , let say fees pay to Tan Teng Boo average 7 millions a year, with 9 years to go, it will be (7m * 9) = $65M already "sapu" or "rompak" by Tan Teng Boo as management and advisory fees. How much will it left to current shareholders?


That is exactly the reason why icap is undervalued by about 24% now.


No,i don't think so, i think is fully valued
let us assuming $65m is budgeted for his next 9 years management and advisory fees with no cash inflow from investment as he is timing for the bear. Please note that cash will not be generated immediately after investment. it takes time to harvest..
$65m divided by 140,000,000 shares = $0.46 .
so, Current RAV of $3.13 -$0.46 will be $2.67
current market price $2.37
$2.67-$2.37 = $0.30 or $2.67/$2.37 =12.6%
so, do you think it is undervalued ?

So, Judge yourselves, are you going to safeguard your money or let Tan Teng Boo continue to rob you through management and advisory fees.

Posted by kcchongnz > Sep 21, 2016 04:44 PM | Report Abuse

Posted by MG9231 > Sep 21, 2016 04:35 PM | Report Abuse
According to Agenda 5 of upcaoming AGM on 24-9-16, Amendment will be made to suggest a review and a resolution of liquidation of Icap Bhd by its directors can only be done in year 2025.


Any shareholders vote for this is a stupid fool.


KcChong, you are perfectly correct.

By 2025, if Icap Bhd still underperformed as like now, he is continuing his way of bluffing by bullshitting world economy problems and is sleeping on his job, can't generate cash from investment , let say fees pay to Tan Teng Boo average 7 millions a year, with 9 years to go, it will be (7m * 9) = $65M already "sapu" or "rompak" by Tan Teng Boo as management and advisory fees. How much will it left to current shareholders?

I think with costless telephone technology such as WhatsApp, or blogspots or even i3 investors plateform, those disagree with Tan Teng Boo, can easily connect with each other and hope to get together for such purpose. Then joint up with City of London who are already fed upor lookded down by Tan Teng Boo .

So, all shareholders who bought higher than current market price of $2.37 must find ways to cooperate with City of London Fund manager to wrist the control from current management of Icap Bhd. Of course, with agree in principle to liquidate Icap Bhd subsequently.

According to Agenda 5 of upcaoming AGM on 24-9-16, Amendment will be made to suggest a review and a resolution of liquidation of Icap Bhd by its directors can only be done in year 2025.
Mainwhile, the only option available to achieve winding up of Icap Bhd before year 2025 is to get all shareholders who disagree with the ways of operation of Icap bhd by current management to get together and call a EGM suggesting icap Bhd be liquidated and get it approve.