Harsh voices?

I could address your comments as fanboyism but I won't.

This is because I understand that this is a forum where the main benefit should be everyone should share opinions and not simply participate in a cheerleader/hero worship.

It defeats any purpose.

I would acknowledge that most of comments were against Teng Boo however, I state with comments, which are always welcome for rebuttal and I also understand that my comments could be wrong and if I am wrong, I would welcome comments stating why.

For example, you state him as being wise fund manager.

Well, I agree of course he is much wise, in fact, to a point of being cunning!

He's done extremely well (which again I do acknowledge) in his early days for the fund, and with this 'early lead' he chose to do nothing.
That's being wise from his own personal perspective.
He protects his lead, his reputation.
And in the meantime, he simply collects more and more money each year.

But is he wise from the shareholder perspective?
Or is he even wise, say for a perspective 'investor'?

If I want to be a shareholder or if I want to buy this 'stock'....
Teng Boo is the one and only one asset of the stock.
Of course, therefor it makes sense to be critical of him.

If I fail to do that (such an approach), it only means I am a blind cheerleader investor.
That's how I would gauge myself. (of course my choice of words might not please you)

And from my perspective, how would I gauge how wise Teng Boo is?

From research and Uncle Google, I find out that he's been making statements since 2010 that the market is expensive.
Every year, he says the same thing...
over and over again.
Like a broken record....

and sooner of later, of course, such words would become word of wisdom....

but sadly, for me, it's simply bullshit cos the market proved him to be dead wrong!
From 2010 to recently, the market made highs after highs....

And for the investors of the fund, with the fund manager adopting such a cautious approach, it only means that the shareholders miss out on great gains.....
There were plently of clear cut investment stocks the past few years...
stocks which easily tripled .......

Yup, for me... good for Teng Boo but he has under changed his shareholders.

That's my so-called harsh words but words backed by facts and evidence.

Thanks for taking time to reply.

Predict future?
Not sure how you come up with that...
The point made is that Teng Boo, like recently, he expressed his opinions ( hey, he is fund manager and also investment advisor), that the markets is overvalued since 2000.
And because of this reasoning, he adopted a cash heavy strategy since 2000.
Was he predicting the future?
Every year, he say market mahal...
Every year, markets went up and up.
This is fact backed by links posted in earlier posts.

Did you know I just clicked on the first post.
Price of this stock on 24 Jan 2008 is 2.44 !!!!!!
Price today? 2.28.

I doubt if investors of this stock back then would be happy.

Safeguard the fund?
Look..I am talking on behalf of any perspective investors.
For me..
A fund is nothing but a possible investment.
And the purpose of investing is to make money.
Safeguard the fund?
If my fund manager thinks like this and not attempting to make money for the fund, then the fund becomes redundant.

Repeating the facts ia just merely stating what has happened.

Once it's listed, no matter how we or anyone else spin it, it's a stock, where anyone can buy.
And before we buy, we need to know the strength and the weakness of the stock...
the asset and the liability...
which is Tan Teng Boo.

Look, are you denying he made statements that the market is over valued, as early as 2010?

Are you denying the fact that KLSE has outperformed the fund... ie... Teng Boo has done shitty compared to the overall market since 2010?

These are facts, which is out there.

I do not think I or anyone else need to be a subscriber to Teng Boo's newsletter.

These facts are there.

If I want to buy the stock, first thing that needs to be asked, is HOW IS THE FUND DOING CURRENTLY?

how do you gauge that?

I, would use the most recent 5 year track record.

That's how I would gauge the fund..... and sadly the fund is under performing.
****

Personally, since Teng Boo is reluctant to risk his reputation by putting more money into stocks, he needs to do what is correct.
He CANNOT collect blind money (6 million plus a year) and every year decide to do nothing....
crying that the market is over valued.

Try comparing icap fund performance with other VALUE fund performance.

Have you?

Why are they outperforming Teng Boo?

Why are they charging less fees?

Yes, Teng Boo should close the fund and return all the money.
That's only fair to the shareholders.

Dude, that's a very harsh call on the London guy.
Sorry, my opinion. 
This is a listed stock la.
And with being a listed stock, anyone can buy....and even attempt to takeover the stock.
Just like owners ... taking stocks private at cheap absurd prices.
Are they f*****-ers cos of doing what capitalism allows them to do?
My answer is no.

You mean TTB regrets making all those millions a year of fees?  

Good day to you.

I am glad that at least you acknowledge that the fund, has performed poorly the last 5 years.

Anyone understand that form is temporary and that class is permanent.

But can a last 5 years of under performance be classified as temporary under performance?

That's the first thing I would ask, really.

Secondly, you mention about the cash pile.

Yes, he has 200 million to invest any time.

But would he?

Now this is an important question, you really need to address for yourself.

It's your own money, not mine.

If it was me, how would I answer such question?

Well, I would refer to the past (I know, the past isn't the future but at least I get a rough idea on what to expect, agree?)

First, I would compare last year.

Was there any big correction in the market last year?

There was the drop on Aug, where the market went from 1807 to 1686...... well... did Teng Boo put the fund money into action?

answer...................?

Ok what about 2012?

There was the 2012 correction in Oct, where the market went from 1675 to 1606.... yeah, not as drastic....

but there was corrections that year too..... but did Teng Boo put the fund money into action?

answer..................?

So when the market corrects and yet Teng Boo doesn't put the fund money into action, what kind of conclusion can you draw out?

Ok.... another exercise.

This current correction.

Is it worth to buy now? or wait for more price drops?

Come next year.... if you read he doesn't put the fund money into action, what does this say?

Also, the past 5 years, ask yourself.... is there NOT a single value stock?

Why not invest in a company like Dutch Lady when it was trading around 17 ringgit back in 2012?

Not a value play for a value investor like Teng Boo?

This very last question is most alarming, imo.

How could there not be value stocks for Teng Boo to put the fund money into action?
Lastly, I am so alarmed by your statement to prophetjul that "As a shareowner of ICAP, I agree to reward for his contribution to the co.".

This really shouldn't be.

In fact, Teng Boo, aside, this is not how the corporate world should be,

Yes, put aside this is Tan Teng Boo.

just think of it as a normal corporate.......

then ask this.... should any CEO should not rake in millions for not performing.

For the record...

Total fees for 2009 is 3,495,212
Total fees for 2010 is 4,037,100
Total fees for 2012 is 5,789,726
Total fees for 2013 is 6,179,782
Total fees for 2014 is 6,218,982

Current total of all fees collected since 2009: 25,720,802

Can any human being justify collecting 25 million for basically not doing anything?

This is simply just so wrong ... 
I do hope that one day, you realise this.......
good day

For the record...

Total fees for 2009 is 3,495,212
Total fees for 2010 is 4,037,100
Total fees for 2012 is 5,789,726
Total fees for 2013 is 6,179,782
Total fees for 2014 is 6,218,982

Current total of all fees collected since 2009: 25,720,802

Can any human being justify collecting 25 million for basically not doing anything?

hi, can you help me? I am novice here but want to dive in the stocks. What it means that ICAP price and NAV outperform KLSE? The initial TS claims that we should avoid ICAP but now things turn upside down. So, is it good idea to get their shares? And at all how share prices are related to NAV or NAT? Thank you for attention.