ARTS OPTICAL INTERNATIONAL HOLDINGS LIMITED 雅視光學集團有限公司
Arts Optical (1120): intends to pay special dividends from land sale proceeds when it can
Company circular, 18-Sep-2014
p15: "the Board has always sought to maintain and enhance capital efficiency and return on equity for the Group. As such, the Board intends, after receiving the Consideration, when cash becomes available for distribution and is surplus to foreseeable requirements, to distribute the surplus to Shareholders by way of special distributions. The timing, amount and number of such distributions cannot currently be ascertained." Comment: excellent discipline. Webb-site founder David Webb holds over 8% and will vote in favour of the sale.
Company circular, 18-Sep-2014
p15: "the Board has always sought to maintain and enhance capital efficiency and return on equity for the Group. As such, the Board intends, after receiving the Consideration, when cash becomes available for distribution and is surplus to foreseeable requirements, to distribute the surplus to Shareholders by way of special distributions. The timing, amount and number of such distributions cannot currently be ascertained." Comment: excellent discipline. Webb-site founder David Webb holds over 8% and will vote in favour of the sale.
The 2003 Christmas Pick
Season's greetings to all our readers - and that means it's time for our annual stock pick, when we rummage in our sack of small-cap investments for the stock we think is most likely to perform over the next year. For the last 4 years, the compound return on our picks has been 319.2% while the Hang Seng Index made a net loss of 9.2%. So what's are we putting under the Christmas tree this year? Read on... (3-Dec-2003)
Season's greetings to all our readers - and that means it's time for our annual stock pick, when we rummage in our sack of small-cap investments for the stock we think is most likely to perform over the next year. For the last 4 years, the compound return on our picks has been 319.2% while the Hang Seng Index made a net loss of 9.2%. So what's are we putting under the Christmas tree this year? Read on... (3-Dec-2003)
Four more slay Vampire
Another four companies have joined the elite "Vampire Pioneers" list of companies which have adopted the recommendations of Project Vampire to limit their general issue mandates, so reducing the risk to investors of unwanted dilution of their shareholdings and economic rights. Find out who these pioneers are, and how your company can join the list. (10-Jul-2003)
Another four companies have joined the elite "Vampire Pioneers" list of companies which have adopted the recommendations of Project Vampire to limit their general issue mandates, so reducing the risk to investors of unwanted dilution of their shareholdings and economic rights. Find out who these pioneers are, and how your company can join the list. (10-Jul-2003)
Arts Optical adopts Vampire
A month ago we launched Project Vampire, urging investors to vote against the general issue mandate which allows directors to dilute shareholders' interests without a rights issue. We promised a fanfare for the first HK company to comply with our recommendations on restricting the mandate to international standards. And the prize goes to: Arts Optical. We hope that others will follow their example. (22-Apr-2003)
A month ago we launched Project Vampire, urging investors to vote against the general issue mandate which allows directors to dilute shareholders' interests without a rights issue. We promised a fanfare for the first HK company to comply with our recommendations on restricting the mandate to international standards. And the prize goes to: Arts Optical. We hope that others will follow their example. (22-Apr-2003)
The 2002 Christmas Pick
Season's greetings to all our readers - and that means it's time for our annual stock pick. Once a year, we rummage in our sack of small-cap investments for the stock we think is most likely to perform over the next year. For the last 3 years, the compound return on our picks has been 195.2% while the Hang Seng Index made a loss of 29.1%. So what's are we putting under the Christmas tree this year? Read on... (4-Dec-2002)
Season's greetings to all our readers - and that means it's time for our annual stock pick. Once a year, we rummage in our sack of small-cap investments for the stock we think is most likely to perform over the next year. For the last 3 years, the compound return on our picks has been 195.2% while the Hang Seng Index made a loss of 29.1%. So what's are we putting under the Christmas tree this year? Read on... (4-Dec-2002)
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