Monday, 22nd May 2006
B&B and Aptus (22-May-06)
We issue a Webb-site.com "bubble rap" warning on Aptus (8212) and its parent B&B (8156). Aptus claims to have a deal with an arm of CNPC, parent of PetroChina, which apparently needs tiny GEM companies to help finance its mainland oilfields, while B&B, a honey trader, has bought a ticket in the mainland lottery which we expect will give you a worse return than the Mark Six if you buy the stock. We also take a close look at the financial engineering behind all this.
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Stir-Fried Lobster (19-Apr-06)
We issue a bubble warning on Hon Po Group (Lobster King) (0228), and dig into the background to its apparent transformation into the next big thing, coal mining in Inner Mongolia.
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David M Webb