Friday 25th September 2009
The UURG to Purge
We look at the history of UURG (8192), currently controlled by battle-of-wills feng shui man Tony Chan Chun Chuen, and warn investors about the bubble surrounding the stock, which is trading at 191 times diluted NAV.
Webb on Social Corporate Responsibility in Exon, the magazine of Exeter College, Oxford
Value Divergence (21-Sep-09)
We look at the strange events at Value Convergence (0821) where Melco (0200) is selling its controlling stake at $1.92 before a massive dilutive CB issue at $1.00, a third of which is going to China Fortune (0290). Shareholders should vote against the bond issue, and bond subscribers and their associates should be prohibited from voting any shares they hold.
Pass it on!
This free, no-spam newsletter goes to over 19,000 practitioners, issuers, regulators and investors in Hong Kong's markets. It's not-for-profit, so we depend on referrals. Invite a friend to subscribe!
Visit our archives, and do your homework before you invest.Copyright notice