yhtan


Geng!
Well done aaa!

Hehe!

Can I add oil.

2009 Bursa opening price - 876.75
2010 Bursa opening price - 1272.78
Yesterday Bursa closed at 1815.65

Bursa index CAGR since 2009 - 15.76% <----> iCap NAV CAGR for this period is 13.37%  <====> Bursa index wins! 
Bursa index CaGR since 2010 - 9.29%    <----> iCap NAV CAGR for this period is 10.25% <====> iCap win 

Now this one is the best.

From 2009 annual report, his fund management fee is 1,747,606, investment advisory fee is also 1,747,606
From 2010 annual report, his fund management fee is 2,018,550, investment advisory fee is also 2,018,550
From 2012 annual report, his fund management fee is 2,894,863, investment advisory fee is also 2,894,863
Latest annual report, his fund management fee is 3,089,891 investment advisory fee is also 3,089,891 <====> WOW !!!!! increase lagi!

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 !!!!!!!!!!

OMG!!! Every year.... fees naik !!!!

gark who said greed is good ah?

Total fees CAGR since 2009 is ...... 12.07%% !!!!
Total fees CAGR since 2010 is ...... 11.23% !!!!

Is this picture even clearer?

Remember in 2012 report (and mentioned earlier in this thread), iCap said the following:

1. "There are no purchases made since 31 May 2011.. "

In new 2013 report, iCap said it bought one stock, Wellcall.

Which means Since 31 May 2011, iCap only buy one stock. 

31 May 2011, Bursa open at 1,542.84
Today, Bursa opening is 1815.65

Which means Bursa index increased 272.81 points or 17.7%.

All iCap have to say to that is "Shares on Bursa Malaysia are not cheap… many stocks are overvalued at present,” - source http://www.thestar.com.my/Business/Busines...overvalued.aspx

Meanwhile, again to remind, his fees has increased to 6,179,782

By the way...
fund management fees - he charge, this one I can brain (except the every year fee naik like crazy! )
But investment advisory fee? I cannot brain. How to brain? He the fund manager mah. When he manage the fund, isn't his duty also to provide all the advisory to the fund itself?

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.