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 ICAP, traded price higher than NAV

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lifeless_creature
post Mar 6 2013, 10:22 PM

The Kid
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From: Penang
QUOTE(bryan5073 @ Feb 27 2013, 11:52 PM)
IMO, NAV means nothing if there's nobody buying the stock to push the stock price up...
At the end of the day, stock price (capital gain) and dividend yield are what really counts!
Becoz these are the things that goes into our pocket, not NAV...
Just my opinion wink.gif
*
i think i agree with bryan, icap doesn't give dividends, its volume is low, low liquidity will certainly affects its stock price. Everyone knows its NAV is higher than its stock price, but who wants to push the stock price to match its NAV??
lifeless_creature
post Oct 31 2013, 10:19 AM

The Kid
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Senior Member
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Joined: Jan 2003
From: Penang
agree, i don't believe out of the over 1000 counters in in Bursa, there is <20 counters that are worth investing now? Not to mention icap Was sitting on huge cash since last year? or 2yrs ago...?
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