Open letter to the board of Ming Fai (3828) from David Webb
Webb-site founder David Webb owns almost 10% of Ming Fai and calls for a special dividend of at least $0.352 per share to reduce net cash to not more than HK$300m (34% of net assets) after the sale of the investment property, which we support. Ming Fai has a strong core business, but if the current board, which holds 33% of Ming Fai, doesn't do the right thing then we will nominate directors who will. (19-Oct-2016)
The Biomega OKO Is the perfect bike for city commuting
Bloomberg, 22-Jun-2016
This is the stealth carbon fibre electric bike project of Alco (0328), mentioned in the results last week without naming it. Danish records show that Biomega ApS is a 100% subsidiary of Alco. Webb-site founder David Webb owns over 10% of Alco.
Alco (0328): board meeting to consider special dividend
Company announcement, 1-Mar-2016
This follows yesterday's scheduled completion of the disposal of 3 floors of Zung Fu Building, Quarry Bay, the net proceeds of which were expected to be HK$534.2m, or about $0.92 per Alco share. Webb-site founder David Webb holds over 9% of the company.
Alco (0328): new RCA Internet Music Player
YouTube, 7-Oct-2013
Disclosure: Webb-site founder David Webb owns over 7% of Alco.
The Christmas Pick
After a decade of Christmas Picks, 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-2009)
The 2008 Christmas Pick
Season's greetings to all our readers - time for Santa Webb's annual stock pick. Last year's pick, Shinhint (2728), out-performed the HSI by 6.5% and, of course, lost money. Even so, over 9 years of picks, we've gained 358%, a compound average of 18.4% per year, while the HSI has averaged just 3.1%. So what are we putting under the Christmas tree this year? Read on... (17-Dec-2008)
AGM & SGM results
Provided to by Company, 1-Aug-2003
Censure of certain directors
SEHK, 26-Aug-1999

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