If ICAP fall below its NAV by 40%, I will withdraw my ASW and buy in more. Think that Padini cost RM 0.28, now trading at RM 1.13 with almost 20,000 lots in ICAP's hand, it is worth to let Mr. Tan to manage my fund.

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Added on May 14, 2011, 12:51 pm

Hi HJebat,

I bought ICAP way back to year 2006 after 1 year it listing. I m not apply for ICAP listing nor buying after its listing. The main purpose for me to buy after one year is to see the ICAP's performance. My 1st purchase was at the price of RM 1.15, then accumalating over the years, now I m holding quite a few but I m not bother to calculate my average price since I m holding for long-term. My last purchase was 5 lots @ RM 2.25. Will accumulating in future when I have surplus fund.

BTW, I don't bother what Composite Index is moving nor looking at overbuy or oversales. My intention is looking for long-term investment. Till now TTB still not disappointing me.
Maybe this is what Mr. Tan describe as ICAP's shareowner as I just buy/accumulating but never  sell till now.

Hi fire818,
I share almost a similar strategy with you :
1. long term investment
2. buy & hold

But i can't help but wonder why you left out the price factor?
As for me,  although i know i'm going to keep my ICAP for a loooooooong period of time, but i need to measure its performance against other type of investment available to me. Else i wouldn't know how ICAP's capital appreciation fare. So, i always make a comparison between ICAP' price with EPF & ASW's dividend (i'm holding ASW too *high 5* ). Currently, based on my RM1.55 price, EPF & ASW are biting the dust

If the gap between your average entry price & ICAP share price is small, then wouldn't it be better for you to just add position in ASW? An investment with an almost sure 6-7% dividend rate. Wait for another slump, then accumulate ICAP again like no tomorrow...hehe...

Second that.

1). My fund actually divide into two:-

a). Majority at ASW. But, you know ASW is quite hard to buy and another thing is that, in fact I felt that ASW fund's is weird. Have some concern about the operation of ASW.
    Let me share with you about ASW, how can a fund maintain at RM 1.00 if KLSE collapse e.g. to 250 points like that in year 1998. If KLSE maintain 250 points for a few year, will ASW's still maintain at RM1.00?????(it is not a gurantee fund but a fixed price fund)..... Maybe I still can't understand the operation of ASW:stars:

b). My view on ICAP is at price of RM 2.XX is still consider as low given the excellent performance of about 20% compound interest from it listing till now. Look at American best fund managed by world 2nd richest man, now the share is stand at US 100,000 per lot. Though we cannot compare orange with apple.

If Parkson wake up, I m sure ICAP NAV easily break though RM 3.00
ICAP holds Parkson 9,000 lots cost RM 2.60 now stand at RM 5.60

I share the same concern with you.

Can't figure out how the fund maintain its price at RM1.00.

Did you ask this question in the ASW thread?

NAV reached the highest since listing at 2.78 while share price at 2.24. Therefore, today Icap will go up.

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Added on May 27, 2011, 5:56 am

Nobody knows the answer, only gomen know. They are  genius that can create these unique fund  and can only found in Bolehland.

NAV reached the highest since listing at 2.78 while share price at 2.24. Therefore, today Icap will go up.

Nobody knows the answer, only gomen know. They are  genius that can create these unique fund  and can only found in Bolehland.

For me, as long as... :
1. ASW has the backing of the gahmen
2. pay consistent 6-7% dividend
3. RM1.00 fixed price is intact
...then it is worth investing.

If the dividend is higher than FD rate & sufficient to cover inflation rate, i will not redeem my units.
But i'll be very wary if PR wins in the next GE

I share the same concern with you.

Can't figure out how the fund maintain its price at RM1.00.

Did you ask this question in the ASW thread?

u 1 asw die

during bad economy time all ppl sell asw to buy stock

asw dont hv $ to gv out

Well, I think when the economy is really bad, ASW is the best tool in the world to park your money.

Bad time, investors sell stocks to park their money in safe heaven tool, and surely ASW is one of the very few.

Just my view.

u 1 asw die

during bad economy time all ppl sell asw to buy stock

asw dont hv $ to gv out

maybank 2009 price rm4

u gt 4000

option 1
u invest in maybank
2010 maybank price rm6
2011 maybank price rm8

socai teknik
if u socai put into asb rm4000
2010 asb price rm4000 dividen give u 10% rm4000+400 =rm4400
2011 asb price rm4400 dividen give u 10% rm4400+440 =rm4840

so u wan folow socai rule?

what the heck is socai?

during good economy, keep bullets dry at asw.
during bad economy, firepower will go to stock market.
at the moment, that's the game plan.

u wrong

worst time all bank share price down very low just take a look at bank price during crisis

buy all u can

$ earn from the share will be more than enough compare to u continue put $ at asw which earn 6%/pa

This is the thing that everyone always debate. However, when all share price plunge, you would not dare to enter so soon, because you are worry of catching the falling knife. I am sure not so many people will keep going in and averaging down until out of bullet. There are many people who suffer the consequences of buying shares when the economy is real bad. You won't know whether it is the bottom, or still gonna go down more, and how long the economy takes to recover? 1 year? 2 years? 10 years? We never know. It is always easier to say than done, what's more after a crisis when we know it has been recovering.....then we will see a lot of people say, wow...if I bought Maybank, CIMB etc, now already millionaire.

I agree.
It's very difficult/impossible to predict the bottom & there's no need to find it either. So, the next best thing to do is to find a solid company [hopefully ICAP is & will always be] & average down until run out of bullets (but not those pile of cash for emergency purposes).

worst time all bank share price down very low just take a look at bank price during crisis

buy all u can

$ earn from the share will be more than enough compare to u continue put $ at asw which earn 6%/pa