PEREGRINE INVESTMENTS HOLDINGS LIMITED
SFC launches report-a-crook form
SFC, 18-Oct-2018
Don't hold back! Good to see that new logo, too. Celebrating the 20th anniversary of Peregrine's collapse.
SFC, 18-Oct-2018
Don't hold back! Good to see that new logo, too. Celebrating the 20th anniversary of Peregrine's collapse.
Imagi bubble
We issue a bubble warning on Imagi (0585), up 616% in 4 days on turnover of 185% of the company. The confusing timetable, with a 10:1 consolidation yet to come, has likely contributed to more chaos than we have seen since Asian Citrus. The market price implies a valuation of 33.2 times book value, or a premium of HK$17.3bn (US$2.23bn). We think a discount would be more appropriate, for the characters involved. (14-Apr-2010)
We issue a bubble warning on Imagi (0585), up 616% in 4 days on turnover of 185% of the company. The confusing timetable, with a 10:1 consolidation yet to come, has likely contributed to more chaos than we have seen since Asian Citrus. The market price implies a valuation of 33.2 times book value, or a premium of HK$17.3bn (US$2.23bn). We think a discount would be more appropriate, for the characters involved. (14-Apr-2010)
Blackout on Receivables
If you saw the lights dim recently, it was because the Stock Exchange scrapped a requirement for listed companies to disclose large accounts receivable, which could have warned investors about impending disaster. Dressed up as a "minor and housekeeping" rule amendment without consultation, the change is illustrative of the urgent need to increase investor representation on the Listing Committee, to produce pro-investor policy reform. And that's where HK needs your help. (24-Mar-2006)
If you saw the lights dim recently, it was because the Stock Exchange scrapped a requirement for listed companies to disclose large accounts receivable, which could have warned investors about impending disaster. Dressed up as a "minor and housekeeping" rule amendment without consultation, the change is illustrative of the urgent need to increase investor representation on the Listing Committee, to produce pro-investor policy reform. And that's where HK needs your help. (24-Mar-2006)
Cheeroll Ltd v Philip Leigh Tose, Francis Leung Pak To, Peter Wong Wing Cheong & Alan Kenneth Mercer
HK Court of First Instance, 19-Feb-2003
HK Court of First Instance, 19-Feb-2003
Philip Leigh Tose & Peter Wong Wing Cheong v Official Receiver
HK Court of First Instance, 25-Jun-2002
HK Court of First Instance, 25-Jun-2002
The Peregrine Report to the Financial Secretary by Inspector Richard Farrant
12-Feb-2000
Note: the report was not published until 26-Mar-01.
12-Feb-2000
Note: the report was not published until 26-Mar-01.
Cheeroll Ltd v Philip Leigh Tose, Francis Leung Pak To, Peter Wong Wing Cheong & Alan Kenneth Mercer
HK Court of Appeal, 11-Nov-1999
HK Court of Appeal, 11-Nov-1999
Cheeroll Ltd v Philip Leigh Tose, Francis Leung Pak To, Peter Wong Wing Cheong & Alan Kenneth Mercer
HK Court of First Instance, 17-Jun-1999
HK Court of First Instance, 17-Jun-1999
Insider Dealing Tribunal Report regarding trading prior to announcement of HSBC's sale of 22% of HWL to CKH
IDT, 1-Mar-1982
IDT, 1-Mar-1982
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