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yfile | 29th Sep 2015 | 股玩你 | (36 Reads)

Bubbles and troubles in Hong Kong

24th September 2015

http://webb-site.com/articles/trouble2015.asp

 

Part 1 Here

 

Part 2 below:

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yfile | 29th Sep 2015 | 股玩你 | (47 Reads)

Bubbles and troubles in Hong Kong

24th September 2015

http://webb-site.com/articles/trouble2015.asp

As readers may recall, last year, Lerado Group (Holding) Co Ltd (Lerado, 1225) announced the proposed sale of its core business of baby strollers and infant car seats to Canadian listed firm Dorel Industries Inc (Dorel) for HK$930m. Lerado was planning to squat on most of the cash proceeds and only pay out $0.30 per share, or $228m. For this reason, we opposed the sale, because of concern that Lerado would become a cash shell trading at a discount to its net asset value. Your editor, David Webb, is a disclosed substantial shareholder currently holding over 8%. However, the sale was approved by shareholders on 16-Sep-2014 and completed on 31-Oct-2014.

Our concerns have now proven justified, culminating in current egregious proposals not just by Lerado but by other listed companies. We hope to stop them, if the regulators will require certain parties to play fairer. This article is long and complicated, and we thought about breaking it into pieces, but the picture becomes clearer if you assemble the whole jigsaw, so here it is. Apart from Lerado, this article covers transactions by numerous other listed companies in which you may have an interest, and several billion US dollars of bubbles.

So pour yourself a large coffee and let's get started.

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yfile | 9th Sep 2015 | 組合管理 | (22 Reads)

投資組合 - 2015/9/9買賣記錄

投資組合1 + 2 (100% 權益)

沽出:           00328 愛高集團..............20K@ $2.15

買入:           01918 融創中國..............10K@ $4.12

投資組合3 (50% 權益)

沽出:           00328 愛高集團..............20K@ $2.15 (Avg.)

買入:           01918 融創中國..............10K@ $4.12 (Avg.)


yfile | 2nd Sep 2015 | 組合管理 | (21 Reads)

投資組合 - 2015/9/2買賣記錄

投資組合1 + 2 (100% 權益)

沽出:           00839 天大石油管材.....................50K@ $1.38

買入:           00813 世茂房地產.......................6.5K@ $10.20