Posted by ardourboy > 2016-09-22 11:45 | Report Abuse

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!!!


I believe that guy is not stress at all, and the work from the post above looks very simple and clear cut, doesnt really take much work and already reflect the weakness in TTB managing ICAP.

What you are saying is just similarly like Malaysian Politician that tell other races to go back their own country when they are not happy with their government. Does the people (shareholder) not able to question the government (management) in their performance?

Somehow i feel u are more stress, people comment more on the ICAP weakness the more u want to argue, are u scared of ICAP share price dropping more? You might make more right now if the shareholder are able to dissolve the fund and get back their money right now.

Posted by Cipta > 2016-09-22 12:18 | Report Abuse

Do not listen to the voice to ask you sell instead of question the management if you have the option. Why someone ask you to sell at cheap instead you can fire the management and bring back your money at RM3? I believe if COL successfully appoint a director into the board and do something like re-appoint new fund manager, setup new KPI for TTB, share buy back etc , the share price will start moving up.

Posted by paperplane2016 > 2016-09-22 12:48 | Report Abuse

wahaha! laugh die me. Openly said TTB not competence. wow, look bad on him

Posted by paperplane2016 > 2016-09-22 12:49 | Report Abuse

liquidate also nothing much ,25% extra only

Posted by i4investor > 2016-09-22 12:51 | Report Abuse

ya, so much cash, they can share buy back to push up it, or he waiting ICAP also crash or in crisis...as he aware he no more golden finger?

Posted by ICAPSHITT > 2016-09-22 13:10 | Report Abuse

i suggest icap investors try to liase with City of London, contact them to work together to kick ttb out. as a collective, the support against the arrogant, staff abusing fund manager that is ttb, will work. not too late. agm this saturday

Posted by MG9231 > 2016-09-22 13:22 | Report Abuse

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

Posted by Jonathan Keung > 2016-09-22 14:29 | Report Abuse

the last Agm (Icap ) everybody voted for TTB. Just wait and see this round any firefight

Posted by stonebridge > 2016-09-22 14:36 | 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.

Posted by Jonathan Keung > 2016-09-22 14:37 | Report Abuse

to table a motion under other matters. you need to submit the Q in writing
before the AGM

Posted by Cipta > 2016-09-22 14:51 | 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?

Posted by Jay > 2016-09-22 14:55 | Report Abuse

a broken clock pointing twelve would also be correct twice a day. TTB's bullshit crisis talk of course will come through one day, then he will come out and claim credit. at least the ethical way would have been benchmarking his fees against the fund performance

Posted by MG9231 > 2016-09-22 15:06 | Report Abuse

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 MG9231 > 2016-09-22 15:20 | Report Abuse

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 MG9231 > 2016-09-22 15:24 | Report Abuse

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.

Posted by Jonathan Keung > 2016-09-22 15:25 | Report Abuse

the problem lies with people who attend AGm. Most shareholders ( majority) are not prepared to ask Q. Only a minority are there to ask. hopefully we can see better participation this year

Posted by Wk1983 > 2016-09-22 15:42 | Report Abuse

I think its poor performance is the main issue la (e.g. he made a very very wrong call on Parkson). I vaguely remembered last time they said the exhibition is not sponsored by the fund money (shareholder money) but it is paid by the fund mgmt house.

Can we try benchmark his fees (ard 1.5%) to be excessively high compared to peers? Can we try benchmark his poor performance against some high-performing local fund so we know the gap?

Posted by dusti > 2016-09-22 15:47 | 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.

Posted by MG9231 > 2016-09-22 15:53 | Report Abuse

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 ckkhen > 2016-09-22 16:13 | Report Abuse

MG9231,
Are you attending the meeting? If you do, would like to meet you?
Calvin Tan says u re for Johore? In 2013, I remember a family from Johore(?) questioned TTB re why we were still not millionaires in spite of promising we would be soon. TTB gave bad replies to this family.

Posted by newbie81 > 2016-09-22 16:18 | Report Abuse

Simple ma one is manage by Warren buffett and another one is manage by.....

Posted by ckkhen > 2016-09-22 16:28 | Report Abuse

I have emailed KCChong's poor icap performance comment (from a recent article re unit trust/fund management) to icap Q&A at AGM so I am waiting for TTB's reply. KC's report is very accurate re poor CAGR return. By answering the questions posed (poor performane since last 5 yrs especially), then we will see what he intends to do next.

Posted by MG9231 > 2016-09-22 17:00 | Report Abuse

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 Zea XG > 2016-09-22 17:21 | Report Abuse

Actually, high liquidity strategy is not a bad plan at the moment. I myself also about 50% equity, 25% bonds and 25% cash. The problem is his management fee is too considering the current inactivity of the fund.

Posted by Zea XG > 2016-09-22 17:21 | Report Abuse

**too high

Posted by MG9231 > 2016-09-22 17:27 | Report Abuse

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.

Posted by Zea XG > 2016-09-22 17:31 | 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.

Posted by Johnnys > 2016-09-22 17:32 | 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.

Posted by cheoky > 2016-09-22 17:41 | Report Abuse

Icap tan day day preach value investing, keep saying crash coming, secretly curi minority fd interest. Shame him on agm

Posted by MG9231 > 2016-09-22 17:49 | Report Abuse

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.

Posted by dusti > 2016-09-22 18:07 | Report Abuse

Please read my posting @ 3.47. Almost everybody with a defeatist strategy for Sat. Good luck all. I'll be reading the postings on Monday

Posted by paperplane2016 > 2016-09-22 18:19 | Report Abuse

invest with me or OTB better.

He get over 200% in 2 years
I am not so good, get 50% last yr, 27% this yr.

Posted by sharktank > 2016-09-22 20:55 | Report Abuse

mua hahahaha.....still better than u invest in dragon stocks in KLCI loh...he drive BMW520, u pay. mua hahahaha....

Posted by MG9231 > 2016-09-22 21:10 | Report Abuse

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.

Posted by LLHu > 2016-09-22 21:17 | Report Abuse

Most of the int incomes goes to his fee....he can spend another 6 years to wait for market crash....can u?

Posted by MG9231 > 2016-09-22 21:38 | Report Abuse

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 nhy6 > 2016-09-22 21:43 | 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

Posted by MG9231 > 2016-09-22 21:43 | Report Abuse

taste not test

Posted by ICAPSHITT > 2016-09-22 22:01 | Report Abuse

nhy6, what investors should do now is vote to close down the fund. so pls stop shitting urself.

Posted by nhy6 > 2016-09-22 22:11 | Report Abuse

wah, take so long for ICAPSHITT full of shit 2 get my simple msg.

Posted by MuttonCurry > 2016-09-22 22:13 | Report Abuse

Why so difficult to cari SYT as CEO ... take rest lah ... want 2 c fresh face 4 a change !!!

Posted by MG9231 > 2016-09-22 22:37 | Report Abuse

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.

Posted by MG9231 > 2016-09-22 22:41 | Report Abuse

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 ICAPSHITT > 2016-09-22 22:50 | Report Abuse

lol nhy6, not everybody is like u. i know u stare at the computer 24/7 waiting and thinking how to reply. think people so free to reply you right away? something wrong with ur brains la. ur comments are all haywire and directionless. u are of no value.

Posted by MG9231 > 2016-09-22 22:59 | Report Abuse

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.

Posted by Cipta > 2016-09-22 23:08 | 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.

Posted by MG9231 > 2016-09-22 23:18 | Report Abuse

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.

Posted by MG9231 > 2016-09-22 23:27 | Report Abuse

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.

Posted by MG9231 > 2016-09-22 23:41 | Report Abuse

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 stncws > 2016-09-22 23:50 | Report Abuse

TTB once upon wanted to hire me as his staff at his old office in Brickfield. I wonder why ??? with my qualification , i am not qualified lah!!

TTB likes to give prediction that the market will drop.

Maybe he can escape loh!!

he is always bad mouth for many years!