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actually, Icap Fund Management team is good ? seems performing badly this past few years... with Management Fees 1.5% a year ? that's about Rm5M fees and charges a year
dropped from 3.40 to 2.71, How is the ICAP fund Manager tram doing actually, from suppose target compound +15% to now like only +5% for the last 15 years...
"On 21 October 2024, we announced that Bursa Securities had approved the listing of and quotation for up to 4,991,095 new ICAP Shares on the Main Market of Bursa Securities pursuant to our Dividend Reinvestment Plan that applies to the Interim Dividend. We had also fixed the Issue Price that applies to the Interim Dividend at RM2.92 per ICAP Share and the Books Closure Date on 6 November 2024."
"On 21 October 2024, we announced that Bursa Securities had approved the listing of and quotation for up to 4,991,095 new ICAP Shares on the Main Market of Bursa Securities pursuant to our Dividend Reinvestment Plan that applies to the Interim Dividend. We had also fixed the Issue Price that applies to the Interim Dividend at RM2.92 per ICAP Share and the Books Closure Date on 6 November 2024."
In my opinion, shareholders who do not opt into the DRIP and instead take their dividends in cash will decrease their ownership percentage relative to those who reinvest, leading to dilution. The extent of this dilution will depend on how many shareholders choose to participate in the plan and how many new shares are issued as a result.
yup! i second.
Hibiscus is profitable and growth co. The best part of it is that the co is managed by a team of trustable mgt. Worth to buy and hold for long term capital appreciation
