FYI. I didn't own any ICAP shares. I am just curious
. TTB has become a joke to me, although he was once my idol 10 years ago 
This post has been edited by yok70: Dec 28 2023, 07:14 AM
STOCK MARKET DISCUSSION V150
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 Dec 28 2023, 07:11 AM
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#1
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12,698 posts Joined: Jun 2010 From: kuala lumpur  
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Does anyone understand what does it mean by ICAP's dividend policy? I got headache after reading the article, I've zero idea what that actually means!
FYI. I didn't own any ICAP shares. I am just curious . TTB has become a joke to me, although he was once my idol 10 years ago This post has been edited by yok70: Dec 28 2023, 07:14 AM |
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Dec 29 2023, 10:29 PM
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#2
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12,698 posts Joined: Jun 2010 From: kuala lumpur
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QUOTE(jojojoget @ Dec 29 2023, 11:59 AM) A base rate of 1% of the NAV per share, plus 8% of the difference between ICAP’s share price and NAV. Fairly, self explanatory I think? 1% of the NAV plus 8% of the difference between price and NAV, assuming the price is less than the NAV. Goal is to push the price up. Although as it's a fund, any dividend will just cause a corresponding drop in price, so I'm not sure how it's gonna work. It mentioned about reinvestment benefits if investors choose not to take the cash. 10% discount or something? And have to join the "fan club"?  People just sell before ex date to cash out, or take the cash dividend. Then no help at all for the share price. Unless, people really love ICAP for long term, which I highly doubted at least for the coming 1-2 years, unless TTB really started perform well on ICAP. jojojoget liked this post
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Dec 29 2023, 10:36 PM
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#3
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12,698 posts Joined: Jun 2010 From: kuala lumpur
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QUOTE(sjteh @ Dec 29 2023, 12:19 PM) Maybe is like this: Thanks! NAV = RM3 Market price = rm2.00 Diff = rm1.00 Div = 1% of rm3 + 8% of rm1 = 0.03+0.08 = 0.11 Correct me if I am wrong Assuming you are right. So ICAP's NAV is 3.61, market price is 2.80, so dividend is (3.61-2.80) * 0.08 + 2.80 * 0.01 = 0.81*0.08 + 0.028 = 0.0928 Total is "only" 3.31% yield. Can 3.31% yield trigger buying trend to push share price upwards?  jojojoget liked this post
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