Sunday 20th December 2009
Dear Reader,
We've been watching the Rusal saga from a distance, but it's time to intervene...
NEW ARTICLE
Rusal and the
retail investor
Reports say the SFC wants to prohibit the retail offering of Rusal and/or
require the company to adopt a massive board lot for trading in its shares. Both
measures would in fact increase the risk for retail investors, as we explain.
The SFC should stick to the principles of a disclosure-based market and focus on
legislative reform to increase the deterrent to prospectus fraud.
RECENTLY ON WEBB-SITE.COM
The Christmas
Pick
After a decade of Christmas Picks, Webb-site.com has produced a compound gain of
1118%, compared with 87% on the Hang Seng Index. That's an average 28.4% per
year compared with 6.4% on the HSI. This is getting out of hand! Many have asked
whether we would set up a "Good Governance Fund" for HK investors. We tell you
why this is currently unattractive, and what the Government should do to
facilitate the closed-end fund sector. (18-Dec-09)
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