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Yippee, it’s pantomime season! A cautionary tale from the HK stock market, ref Filthy Forty

By Nigel Somerville | Thursday 31 December 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


With a hat-tip to Graham Chester for spotting it, I bring you a wonderful tale from the Hong Kong stock exchange. Out with the frilly frocks, cross-dressed hero and wicked step-mother, and let’s get the boos and hisses going in the audience. For some time we have, on ShareProphets, been calling for full forensic audits (oh no you haven’t! oh yes we have!) of all the remaining companies from the ShareProphets AIM-China Filthy Forty which have not yet been booted off the Casino (boo, hiss!). It seems that our sentiments are perhaps not falling completely on deaf ears, for in Hong Kong we have seen exactly that taking place with a company (currently suspended) called China Animal Healthcare. But there appears to have been a bit of a snag…..


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