Theres no room for minor s/holders.......in the mkt
The BIG ones always make the buck

Think Ananda, Syed MOk.....all the good companies trading below NTA they will buyout at low.
i have met many times.....
Then strip them and relist to make BIGger bucks

Yes the mkt is NOT easy....trade carefully

even in REIts......the BIGGer players are always looking after THEMSELVES.

Wong Sifu,

When u find something is really good , do u really like big volumes AHEAD of u , and queue at people backside. ?

Or selfishly U and I would quietly buy part by part ( at low volume time ) as our resources are limited ( Facts of life ), which I normally do.

Big volumes could be also bulk distributions by some funds , which mean prices would come down later.

BTW if I buy Icap , I would do more in depth studies , rather than the mere " surface talk " approach adopted by most forumers here.

BTW, sori for picking u, because financial mgt preachers should not discuss investments without the risk issues.

Without Risk involved , then we can always outperform others by few hundred %

This post has been edited by SKY 1809: Aug 18 2012, 10:45 AM

hehe, Sky, again no sifu here lar, just plugging along, singing a song

Ah - heart of matter = volume?
To me, volume is one of the variable for consideration if that asset is not spinning off any cash flow (like dividends or rental) as i only make when i sell.
Thus, worry a bit about low-ish AVERAGE volume mar - when i want to sell to take profit or switch to another asset, my offers may not be matched by bidders

As for your Q on whether i like really big volumes ahead of me or not - for my personal trading, i do like huge volume SPIKES, especially them ANG ANG (RED) ones for the stocks i've filtered and been tracking, heheh
BUT that's another story, pure trading not my approach for ICAP though due to its nature of a closed-ended fund.

Selfishly buy? er.. the market is a huge "auction house" bidders / offerers wor.
What's there to be selfish about ar? Different folks, different reasons/values to bid/offer mar.
Anyhow, it's not like my bids/offers can move the markets (currently... heheh.. soon soon.. )

Just bouncing some personal thoughts, not gospel truths yar

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Added on August 18, 2012, 10:52 amAgreed - big volumes may whack prices, which i love! heheh.
Yeah - risk, one should always look at the downside first, thus i'm waiting for MORE margin of safety (disconnect of value vs price) from ICAP before nibbling again

No probs but er.. i'm not a financial mgt preacher wor.
Just sharing what worked personally for me - keeping in mind my first pay cheque $700 and now, still waaaaay below the golden (to me lar) $10K point + suffered kinda big financial setback, thus nearly just like any average Joes in Klang Valley plugging away
However, i can safely say i'm "on my way" to my 2nd financial goal now, 1st financial goal just hit/surpassed recently (my teams and i had a good chow down @ Rakuzen yesterday night as thanks giving - woohoo!).
Thus, what i do worked for me, and i'm sharing as an option to others, that's all.
More options better mar right? Coz different strokes for different folks

This post has been edited by wongmunkeong: Aug 18 2012, 10:55 AM

haha,

I think u are talking of " making up " volume to substitute for low confident level per se aka Volume projects confidence.

Many stocks that I buy could start with very little volumes , and then outburst with much bigger volume later. That is the time I sell for a profit.

This post has been edited by SKY 1809: Aug 18 2012, 10:59 AM

Right U are - that's your methodology mar.
Me - i'm chicken shit, thus for trades or non-cash flow assets, i terbalik and wait for red volume spikes for my filtered counters, before checking out other stuff - ie. a trigger to look more indepth so to speak.

This post has been edited by wongmunkeong: Aug 18 2012, 10:58 AM

To even compare WB with TTB is an insult to the respectable old man. Different league altogether lah. Ask Robert Kuok see how he feels to be compared to Chatime boss?

Guys, I hope a random chat with my good friend Wong about ICAP will not turn into a cold war here

We probably have different perspective & approach towards investing, so let's just flow naturally with our own game plan & maybe learn something new here. I happen to believe that way, we can go a long way towards improving our results...kau boleh!!!

PS: pssst, Wong, I'll chat with you again about ICAP when things cool down a bit here (or when the GE is over...whichever comes first ).

Frankly if one is comfortable with his or her investment methods , then can invest directly into the stock markets.

One should not use I Cap as a " shield " to make up his or or her own confidence level.

It is not like reits where most of us cannot afford to buy up the whole Mid Valley, so to pool the resources

Just my thought only.

This post has been edited by SKY 1809: Aug 18 2012, 11:23 AM

True - i use ICAP as a time-travel machine (borrowing from Gark's example ), it holds several stocks' current values but its own market priced $ is lower than the value held
+ i'm not adverse to leveraging on smarter people than moi (plenty of people have higher IQ or street smarts than i )

Same tool / vehicle, different usage for different folks

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Added on August 18, 2012, 11:29 amBwhahahah , no cold war lar - just hunting down the discussion issue/item to solve/discuss better.
Sky's a veteran stock trader & investor - me, i'm just primarily a saver + a big pix fler with toes & fingers across asset classes (still lots to learn).
Thus, the things i post may be misconstrued sometimes as i write from my perspective and fellow forumers read from their perspective mar.

Got internal info on ICAP izzit bro HJebat? share share lar if have <poke><poke>

This post has been edited by wongmunkeong: Aug 18 2012, 11:37 AM

Well, foumers are always looking for someone to blame if their investments do not meet their high expectations.

I think ICap is just a perfect tool for them to do so. HK has a wonderful practice/tool of hitting " small guys " if things do go wrong with them , I wonder if u hear of that

This post has been edited by SKY 1809: Aug 18 2012, 11:33 AM

Bwhhahaha - "beat small person" (literal translation from Can-to-Knees)?
I dunno about how others invest / use ICAP as tool, for me, any losses or profits are my own personal stupidity alone
If one doesn't take responsibility for one's choices/actions, how lar to review and improve? right or right?

Ya, 101% agree with u.

We should all learn from our past mistakes, fine tune , improve like Iphones.

Often the ones who pay higher fees for the mistakes made tend to invest better in the future.

Yr right to agree or disagree anyway.

Regards

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This post has been edited by Boon3: Aug 21 2012, 11:06 AM

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This post has been edited by SKY 1809: Aug 18 2012, 12:53 PM

No la. Just sembang-sembang kopitiam type of chat. Looking, sharing (and interrogating ) forummers' point of view & style of play against mine.

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This post has been edited by SKY 1809: Aug 18 2012, 01:02 PM

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This post has been edited by firee818: Aug 18 2012, 01:46 PM

232 is it a good buy

It's possible to liquidate the fund, but not so soon as ICAP has just recently extended its tenure. Maybe by end of 2020, ICAP may seek the shareholders to extend another term for the fund. However, by then Tan Teng Boo should be quite old already, so it would be possible shareholders may elect not to extend the fund.

By the way, the single largest shareholding of ICAP can only up to 20%, it is stated in its prospectus and memorandum article of association.

I do not think so as ICAP's assets are all short term assets and thus they are quite liquid to realise without having a hair-cut. Even if there would be a bear market to realise its investment portfolios, ICAP can always wait for the market to recover since it's investment objective is for long-term capital appreciation.