Wednesday 14th October 2015

Dear Reader,

NEW ARTICLE
KTL (0442) just believes
KTL's "reasons" for a stock split proposal are just beliefs without reason, and those beliefs are wrong. (14-Oct-2015)

RECENTLY IN WEBB-SITE REPORTS
CAID (0048) gains from umbrella bubble
Following a Webb-site complaint to regulators, CAID has revealed 3 holdings, including umbrella maker China Jicheng (1027), still trading at over 70x NAV. CAID expects the investments to contribute a positive return in the near future, but doesn't say why. Meanwhile Lerado (1225) hasn't said how it made similar gains. Is it also in the umbrella bubble? (10-Oct-2015)

Transcend This
If the new policy of "decolonisation" requires HK Post to vandalise its boxes, then what comes next? Perhaps the royal insignia on the Court of Final Appeal building will be "transcended". (5-Oct-2015)

IN OTHER NEWS
SFC bans Masashi Yonezawa, ex Nomura, for 30 months
SFC, 14-Oct-2015
As Webb-site reported at the time, Mr Yonezawa was Mr X in the SFC's sanction of Nomura on 30-Jul-2015. His LinkedIn page suggests that he joined Barclays in Oct-2013.

Comba (2342): we know nothing about bribery allegations involving Chairman
Company announcement, 13-Oct-2015

SFC bans Chan Chi Yuen, ex-Phillip Securities, for 18 months
SFC, 13-Oct-2015

And much more besides...
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