Monday 1 February 2016
Dear Reader,
Now you will know what the password is for!
NEW ARTICLES
Seeking the wisdom of crowds
Webb-site is proud to launch the World's first crowd-sourced governance
ratings system. Now, with a single click, any logged-in user can anonymously
contribute to the average rating of an organisation, including listed companies,
governments and others. Also we are launching Webb-site Trust Ratings, where
users can rate their trust in company directors, politicians, financial advisers
or anyone they can find in Webb-site Who's Who. The system will only be as
useful as users make it, so let's get started! (1-Feb-2016)
RECENTLY ON WEBB-SITE
Time2U's time to FU
How much damage can a HK main board company do to its share price
within the first year of listing? Try 79.6%, with two full-sized placings under
the generous general mandate, one of them at a discount to net cash per share,
neither of which was necessary. For Time2U (1327) one year was time
enough. (25-Jan-2016)
Government freezes out kindy, primary classes
They can only do this if there is an "immediate danger or immediate
risk of danger to persons in any school premises". There is no evidence that
schools will be any colder than homes. This is not New York, and the Government
has panicked and gone beyond its statutory powers. (24-Jan-2016)
IN OTHER NEWS
HKSAR v Mak Chai Kwong & Tsang King Man
HK
Court of Final Appeal, 29-Jan-2016
The shortest-serving Secretary for
Development and his co-accused succeed in their final appeal. Their defence was
that although each had sold the other's flat under power of attorney and kept
the proceeds, this swap of beneficial interests had been entered into after they
had ceased claiming civil service Private Tenancy Allowance for renting each
other's flats. Comment: the underlying policy issue here is a flawed system of
remuneration, which should not depend on what they do with their income.
And much more besides...
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