same old complaints and comments all the time. A no brainer.

cnman53's comments on judicial review and institutional investors are totally illogical and silly. Just because they are institutional investor, does that mean that they can willfully break the law ? Imagine someone comes to your house all the time and take whatever they like, knowing full well that it is a wrongful act. If you keep quiet and do nothing, you are either (1) a colluder, or (2) a coward, or (3) a senile, or (4) irresponsible person. Any reasonable person would report to the police.

Closed-end fund is a different investment vehicle than the normal listed company and it is different from the unit trust fund. Closed-end funds are very popular in developed countries like the US and UK, with a few hundred of them on the NY and London stock exchanges. The majority of investors in Malaysia are not familiar with CEF and do not know how to take advantage of it. If ICAP is to wind up, that is the end of the closed-end fund industry in Malaysia and the biggest loser will be the investors of Malaysia.

ICAP has set out its investment objectives and philosophy clearly in its prospectus. Investors should know what they are getting into.

If you can consistently beat the performance of a professional fund manger, you don't have to engage one. Do it yourself, set up a fund to help others. Then shut up.

Does that mean that those who have been accumulating ICAP shares, including City of London, have a lot of respect for TTB ?

Just how does one control of manipulate the market so that the share price of ICAP can go up above the rising NAV ?

I guess since shareholders are the ones that asked TTB to do the dual listing project, there is nothing to complain about in paying for the expenses incurred.

I don't know who decides what goes into an annul report. I thought there is a format one must follow. Maybe it is because the dual listing project is a price sensitive information and TTB is forbidden from talking openly about it publicly until things are more certain. This is what I have been told during the AGMs and roadshows that were conducted then. We didn't even know that Hong Kong was the other stock exchange.

The main objectives of the dual listing project were to narrow the discount of ICAP which City of London has been bugging about and allowed investors to invest overseas. Investors of ICAP were especially keen of the overseas exposure feature.

Based on the AGM I attended, the shareholders of ICAP knew about the dual listing project from day one. All were very keen then and a lot questions were asked. Too bad the project is not successful.

Not all business ventures will be successful, some will fail. This is a fact of life.

Before making any false accusation, one should get the facts correct and find out why the dual listing project come about.

Since listing, ICAP has generated a return of an annual compound return of 7.7%.

what are the differences between a professional FM and a blogger ? Bloggers hide their real identities and provide cheap talks and do not have to be responsible for what they said (unless MCMC takes action).

A professional FM is licensed, regulated, transparent, and answerable to investors and the regulators.

During the 2009 EGM, shareholders of ICAP asked the fund managers to look for ways to invest overseas. In last year's AGM, shareholders still ask the FM on the progress of the dual listing project.

The dual listing project is still ongoing....when it materializes, investors can still benefit from it.

Managing money for others is a serious responsibility. It is not a game. That's why you need a licence to do it. It is not cheap talks.

In the real world when you need to manage money for others as a professional, you need to tell people clearly what is your investment philosophy and investment strategy and stick to it. When engaging the service of a fund manager, investors should already know what they are getting into.

In its IPO in 2005, it said that ICAP's investment philosophy is value investing. Investors should know the features of value investing. The high cash level has presented a great opportunity for ICAP to pick up stocks at attractive valuation.

Talk is cheap. For those who is serious in investing, don't fall into the trap of some people in this forum who do not know what they are talking about, but pretend that they know a lot, yet dare not reveal their true identity.

One must learn from true experts who have credentials and proper licence.

Timing the market and value investing is a totally different thing. For those who do not know what are the differences, better think twice. Seek help and do your home work.

What is Buy Low, Sell High ?

ICAP is a true value investor

Only a real professional fund manager is discipline and has the gut to follows his investment philosophy during good and bad times.

ICAP's disciplined investing style has paid off during the current market plunge

This is the best time to invest in ICAP. Its high cash level is giving it a lot of ammunition to buy undervalued stocks at a cheap price.

That is exactly what a discipline value investor should do.

Tan Teng Boo must be very happy because the "high" cash level of ICAP can be put to good use now.

As a value investor, the stock market plunge presents a good buying opportunity for Tan Teng Boo

Blaming the fund manager for keeping cash per se without knowing the rationale is unreasonable.

A shrewd fund manger will carefully do his research and keep his cash for the best purchase. Not only it is the right thing to do, it is also the wise thing to do.

When the price is not right, why buy ? Only a person without a sound mind would do it.

A TRUE fund manager will invest only when it is the right time to do so. A foolish fund manager will invest anytime even when the stock price is overvalue for being kiasu or fear of being attacked in forums for not doing his job.

To whoever is reading this forum. Please be careful. There are many unreasonable people here who are abusing the freedom of speech. They spread lies and conduct online bullying. Don't fall into their traps. Be wise.

No fund manager can pick winners all the time. It simply does not exist. Just like Lee Chong Wei did not win every game he played. Not all stocks that Warren Buffett bought are winners.

Why is it that when a fund manager buys a stock that does not perform makes him a conman ? Weird logic and a serious accusation. Tan Teng Boo should sue ks55 for deformation.

Tan Teng Boo is a fund manager licensed by the Securities Commission of Malaysia. He is also licensed in many other countries. I bet most people do not know what it means to be licensed and are not qualified as one because by spreading lies, they are not fit and proper persons.

This is a consistent performance over 15 years.

Since inception in Oct 2005, ICAP's NAV has achieved an annual compound return of 8.7%. Not a bad performance at all.

Be a serious investor, do your homework. Don't listen to people to talk nonsense in forums like this one.

ICAP is a closed-end fund and it is different in many ways from a normal listed company. Many Malaysians are not familiar with closed-end fund, hence they talk nonsense and mislead others. Closed-end funds are very popular in the developed countries because investors over there took the trouble to know what is so unique about closed-end fund and took advantage of it.

ICAP is listed according to the listing requirement of Bursa Malaysia and is approved by the Securities Commission of Malaysia. The Fund Manager is licensed by SC. The entire operations of ICAP is according to the law of Malaysia to protect the investors. When investors invest in ICAP shares, they should have read the prospectus and know and risk and reward of investing. If investors are not happy with the performance of the stocks that invested in, they should sell the shares and move on. It is really unethical to spread false information and use vulgar language to attack ICAP and the fund manager when they did not do anything wrong. I am sure wise and reasonable investors would know how to different who is right and who is wrong. I appeal to those first timer who come into this forum to be careful. Don't waste your time reading the low quality comments of people who constantly use dirty language and engage in internet bullying.

If you want to know about ICAP and the fund manager, go to their official websites. They are properly regulated by the government. In contrast, there are too many liars in this forum.

In the internet world where people can hide behind a fake identity, be careful of what you are reading. Always go to the original source and find out the truth for yourself.

Anyone who wants to know about ICAP should go to the official website of ICAP, that is www.icapital.my. Better still is to buy a small stake and attend ICAP's AGM and question the fund manager yourself. ICAP's AGM is usually a full-day event. You will have a full day to grill Tan Teng Boo. That should be the right way, instead of coming to the forum like this one and be misled by many con men/women here.

Wow, ahbah is still using the same old tricks to con naive people. Just look through the past posts, ahbah is the opposite of what he said he is. Don't believe whatever he says or else you will be sorry.

Junqi, I am sure you can see what kind of creature ahbah is with his cheap talks. It's your choice, you can join him and totally degrade yourself or stand up and be a real man or woman.

Junqi, you are the REAL IDIOT because firstly, you ALLOWED yourself to be cheated. Secondly, you do not bother to check the facts and choose to be a parrot that simply repeat others words. Thirdly, you are rash and reckless. Go and do some research on closed-end fund, ICAP, value investing and different styles of investing. Then, come and comment and say something valuable and respectable.

Ignore my advice if you want to remain as a foolish investor, and prefer to follow others cheap comments instead of seeking out the truth yourself and gain the respect of others.

3iii, I like reading your comments. Unlike ahbah, who is too ashamed to be his true self and kept hiding behind various veils or stockraider who cannot talk without using vulgar language, at least you are reasonable and talk sense.

anyone want to know the real performance of ICAP, they should go to ICAP's official website, which is www.icapital.my. This forum has many liars, be careful !!!

ahbah can write perfect english, but kept pretending to use broken english to hide himself. Don't understand why he is so ashamed of himself ?