Gutten morgan HJebat.
Elite? Thanks - just trying to add value & help fellow financial freedom seekers avoid stupidities i hit squarely on the head before 

Nah, i'm definitely not a secret admirer of Mr. TTB.
I admire the quiet, simple and value-adding life of the old Mr. WB and the likes, thus Mr. TTB's "style" is a bit "lebih" for me to admire 

I just aim to buy ICAP on the similar principle of "severe lelong" as some of my filtered stocks & unit trust/mutual funds 
Thus far, i'm making net about 11.97% if disposed now, bought end Dec 2011/early Jan2012, thanks to uncle (i'm sure he's either older or bloody more knowledgeable  ) Gark's postings and discussion on ICAP.
I'm just worried about the comparatively low daily volume averaging low-ish 60K+ (ignoring recent 0.61M+/- spike) if/when i want to dispose.. er.. not like i'm holding millions of units lar

GOOD SPOT on the INSANE increase in AGM expenses!

The objective is clear isn't it?

When you have a product and you want to sell, you advertise maybe you spend lavishly whenever there are shareholder meetings.

But sadly this is just a listed closed end fund.

There is no product to sell!!!!

There is literally NOTHING to advertise!

The objective of the fund is to make money!

Promoting the fund will not help the fund make money.

My opinion of such unwise money spending?
I have to say the fund manager, Teng Boo, has acted overboard.
He has abused shareholder fund to promote his own name (should I say face?) by spending too much money on advertising and agm expenses!

451 thousand on AGM expenses for 2014??? OMG!!!!