icapital.biz Bhd, a closed-ended fund, saw its net profit falling 13.2% to RM4.91 million in the second quarter ended Nov 30, 2014 (2QFY15), from a year earlier, as it recorded lower dividend income and smaller gain on disposal of investment.

The profit translates into an earnings per share of 3.51 sen, down from 4.04 sen a year ago.

Revenue for the quarter was also lower by 7.3% to RM7.12 million, from RM7.68 million previously.

Meanwhile, for the first six months ended Nov 30, 2014 (1HFY15), icapital.biz’s net profit increased 3.21% to RM7.08 million, from a year ago.

Revenue however, recorded a decline of nearly 4% to RM10.65 million, against the previous year’s RM11.08 million.

According to its filing to Bursa Malaysia, icapital.biz had cash and cash equivalents totalling RM250.31 million as of Nov 30, 2014, up from RM208.3 million a year earlier.

icapital.biz’s net asset value (NAV) per share, a better measure of the close-ended fund’s performance, stood at RM3 as at Nov 30, 2014, lower by 1.64% compared to an NAV of RM3.05 as at May 31, 2014.

TTB will conduct special seminar 'The Art of Successful Investing' on 9/5/2015 @ KLCC
http://capitaldynamics.biz/seminar2015/
Anyone attending?

he will repeatedly telling us world economy crisis on its way. Well, if talk for 10 years, definitely can see one crisis happening, then he said "see? i told you."

when he refer himself as WB, why he never mention how WB's fund doing in recent year? Did WB keep 50% cash and waiting for a crisis to come?

Waste of time to attend, this one is with fee right? If free, maybe can go lepak like watching a movie.

wasting time attend the seminar

not free and not cheap.....leh....

after embezzled with huge management fee still require us to pay to listen to him...

he shld give free seminar...not the other way round .

This post has been edited by felixmask: Apr 16 2015, 04:14 PM

rm250 - rm999 (Price are not inclusive of the GST)

The 2015 Investor Day from 19/9 to 20/9 @ KLCC n is Free
https://invday.icapital.biz/2015/

After a Long journey, finally TTB wish became a reality

The history data for KLCI,
1 Jan year, index

2007 -- 1096
2008 -- 1443
2009 -- 878
2010 -- 1272
2011 -- 1524
2012 -- 1523
2013 -- 1685
2014 -- 1865
2015 -- 1757

Currently at 1574, has not yet below 2012, 2011 level.

2011 n 2012 level could b broken next week

TTB said (in ICAP's recent report) Warren Buffett also cannot find any stock to buy. He was lying! Who said WB didn't buy? He kept buying IBM and Well Fargo (millions USD) in the past few quarters. And just recently made the highest investment ever on buying Precision Castparts Corp with a price above market value of 21%!

TTB is bluffing us. WB where got wait? WB keeps looking for value investment opportunity. TTB do what? Just wait for market to crash, that's what he did in the past few years. Who cannot do that waiting? Market crash until many people cry and jump off the building that time, just buy cash rich blue chips lah, sure win money. What skill is that?

This post has been edited by yok70: Aug 24 2015, 02:05 AM

that skill called Patient.
who care what strategy he uses. what does matter is making money.
the purpose of investment is making money. not showing supreme skill of buying and selling.

recently TTB was underperform but overall hes yet underperform. if you look at 10years period.
im not here to support TTB, i think he could do much better but hes not as bad as most people said if you look at long term.

Why did you use 2011 and 2012 data? And I quoted its most recent newsletter, "in fact, the ceo of capital dynamics has, since 2014 , been described as the most bearish fund manager.....".

He charge High management fee for him to wait.

Ini Kalilah

This topic started off 2008.

So just posted the data back to 2007.

Actually, the fund manager is right or not, doesn't matter too much for investors.

Investors of fund or shareholders didn't "enjoy" the bull run until 18xx, as fund was high position in cash
nor
investors of the fund get any benefit or profit even the manager indeed was right, as the fund (as far as I know), doesn't have position in shorting nor having put warrant/option.

So both way, investors/shareholders don't get profit, as fund price stagnant throughout for many years, nor having much dividend payout except one year, if not mistaken. Correct me if I am wrong.

So, what is benefit for shareholders when the fund manager is indeed brilliant right?

Probably busy enjoying his cars the shareholders paid for !

With the amount of fees he is raking in, I expect him to be fully invested right until 1850 point on index and sell at least 50% to wait for correction. Instead, he waited for correction since 2011. It is quite embarassing actually for a pro to say market is not cheap and could not find a single stock to invest in and yet market kept going for another 4 years. I think he was scarred by Parkson. Lost confidence. Wanted the safest time to enter and missed the boat altogether. Then, keep cut and paste the return since inception.

2011 KLCI opened at 1524.

Today KLCI is 1563.

My question is about his integrity. Did you start viewing the market as overvalued or he became bearish since 2011, 2012, 2013 or as quoted in recent newsletter, 2014?? Can someone answer this please?