Wednesday 3 July 2013

iCAP is well invested in CASH as revealed in its latest quarterly report

Tuesday July 2, 2013 MYT 5:48:46 PM

iCapital.biz earnings jumps to RM47mil

iCapital.biz Bhd’s net profit for its fourth quarter jumped to RM47.12mil from RM1.7mil a year ago due to profit on disposal of securities and higher revenue.
Its revenue increased to RM49mil from RM4.5mil a year ago. Earnings per share were 33.66 sen compared to 1.22 sen a year ago.
For its full year, the group posted a net profit of RM56.8mil from RM15.7mil a year ago. Its full year’s revenue stood at RM65.9mil compared to RM24.8mil a year ago.
“As the company is a closed-end fund, a better indication of its performance would be the movement of its Net Assets Value (NAV). The NAV per share as at May 31, 2013 was RM2.99, compared with NAV per share of RM2.86 as at May 31, 2012,” it said.



31.5.2013

Fees
Fund management fees $3.090 million
(31.5.2012:  RM 2.895 million)

Revenue 
Interest  4.163 million
Dividend Income  12.665 million
Gains on Disposal of Securities 49.126 million
Total Revenue  65.954 million

Operating expenses 6.977 million
Profit from operations before tax 58.977 million
Taxation 2.163 million
Profit for the period 56.814 million

NAV
31.5.2013  RM 2.99
31.5.2012  RM 2.86
y-o-y change + 4.5%

Retained Profits
31.5.2013  178.848 million
31.5.2012  122.034 million
y-o-y change 56.814 million

Fair-value adjustment reserve
31.5.2013  100.071 million
31.5.2012  137.725 million
y-o-y change - 37.654 million

Total equity
31.5.2013  418.919 million
31.5.2012  399.759 million
y-o-y change 19.16 million (+ 4.79%)

Short term deposits 
31.5.2013  207.034 million
31.5.2012  133.571 million

Investments
31.5.2013  209.700 million
31.5.2012  262.658 million

Cash level
In the latest quarterly report, the cash level of iCap has risen above RM 200 million or about RM 1.43 per share.


From Annual Report of 2012
As of 12.9.2012, the stocks in its investment portfolio are (no. of shares):
1.   Boustead 7,197,850
2.   F& N 2,114,000
3.   Integrax 4,884,500
4.   MSC  2,902,000
5.   Padini  22,700,000
6.   Parkson  9,180,900
7.   Petdag  2,400,000
8.   PIE 3,407,200
9.   Suria Capital 9,344,400
10.  Tong Herr  3,479,300
11.  Pharmaniaga  125,180





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