The highlighted part, i guess that is the main point isn't it

Even WB also admitted his wrong decision for investment in Conoco Philip

Article in this week's edge mag

"Not all (shareholders) might be happy to hear that the amount of dividends they collectively received was only 27.5% of the RM36.3 million of icapital.bz's total operating expenses to date, of which RM32.7 million went to Capital Dynamics in the form of fund management and investment advisory fee."


Good Job! TTB!

Last time I remember iCapital lost a lot lot money in Axiata.

That RM36.3mil is cumulative since iCap listed?

He don't want subscribe Axiata right issue, so he decided to throw at losses

Yes. Since listing.

Yeah... that I remember that.

You remember how many millions he lost?

Source from uncle google

http://myinvestingnotes.blogspot.com/2009/...readsheets.html

RM12.7mil losses

Hehe.... you used what search parameter? ( I remembered the losses were more. )

this is mine. 'icapital', 'axiata'; 'losses'.

google search link

http://whereiszemoola.blogspot.com/2009/06...-in-axiata.html



The Edge mentioned 14.16 million.

This other posting was lagi best.

http://whereiszemoola.blogspot.com/2009/08...nnual-2009.html

That one screenshot:



3,000,000 shares of Axiata sold at 7.764,374.
That is about a price of 2.58.

Imagine if iCapital went ahead and paid for the rights issue....

The Axiata rights issue was 1.12.
5 for 4 share.
If iCapital sapu the rights issue...
They would have gotten 750,000 rights shares...
And they would have to top up 840,000.

Which means total investment in Axiata = 22,749,930.
Total shares now = 3,750,000.
New cost per share =6.06

Axiata today is 6.72.

So because iCapital did not want to top up rm 840,000, they lost over 14 milllion.
And if they had paid that rm 840,000, they would have recovered all losses and would now be sitting on a gain.

Whatever happened to long term investing?

It went with TTB's quotes: "Finding attractive stocks is a challenge"


" We don't get paid for activities, just for being RIGHT. As to how long we will wait, we will wait INDEFINITELY. "

How much FEESS he gonna FLEECE INDEFINITELY?


TTB lost BIG on meico Chipboard as well.......

http://www.google.com/url?sa=t&rct=j&q=&es...L2-px6yktj8PRDQ

Your calculation wrong liao

3,000,000 shares at 5:4 rights issue at RM1.12, if they subscribe it all, would be total 6,750,000 shares

3,750,000 shares from right issue would cost additional RM4.2mil
previous purchase cost at RM21.9mil
Total cost = RM26.1mil @ RM3.87 per share

If count in dividend received the past few years, within 4 years time he would have rake in 100% gain, roughly 18% CAGR

I remember he invested Digi back in early years, KLK he sold off too early, TM also dispose the same reason as Axiata if i'm not mistaken

This why I no accountant or auditor.

He re-invested the proceed from Axiata into Astro, which then get privatised in less than a year.

Can't remember how much was the gain but i think might have covered for his losses in Axiata

I find that Tan Teng Boo looks quite like Lee Kim Yew when I see the face. Anyone feels the same?

i read the following from a mandarin blog - investalks:

In the latest quarter, ICAP reported RM20million profit. Must be selling Petdag.

Sep 2012, ICAP got 2.4million Petdag shares. Sep 2013, ICAP got only 900K Petdag shares.

I also checked icapital print newsletter portfolio, started selling Petdag end 2013 and cleared stock in Mar 2014. Looks like ttb must be selling Petdag for ICAP. lol

today, Petdag plunged RM3 !!!! Lol 10% !!!!

This post has been edited by runningman88: May 8 2014, 09:09 PM

If he lost so much, how come ICAP increases in price by d year? Wud u recommend buying ICAP?

Hopefully TTB can provide some insight into the proposed dual-listed global fund during the 10th AGM.

Would like to know how the plan would narrow the discount gap between ICAP's price & its NAV.

dual listed may help, or may not help. Still, it's all depend on market. Market decide share price. A stock can trade at 90% discount to NAV if market look at it that way (either by ignoring it or negative perspective on its future or disappointed on its management or....something).

Maybe most of ICAP shareowners are hardcore TTB supporters. They accumulated ICAP at around RM1.20++ & are unwilling to sell since then

Back to the dual-listed global fund topic, we'll never know what is going to happen to the gap until TTB rolls out the fund. I'm expecting TTB to provide more infos regarding the free warrants attached to the fund & how it would benefit the shareowners of ICAP.

TTB sold almost all PetDag shares @ RM30.32 -v- 52 weeks HIGH of RM31.48
Credit should b given to TTB as he press button almost @ Peak b4 it crashed to current price RM19.88

Any1 going for d AGM @ KLCC on 11/10?