Bronte Capital

The sometimes eccentric views of John Hempton

Wednesday, September 12, 2012

Chinese due diligence: Focus Media style

›
Yesterday's post again raised this disclosure from Focus Media: In March 2006, Weiqiang Jiang, the father of Jason Nanchun Jiang (the...
6 comments:
Tuesday, September 11, 2012

Focus Media: some follow up to the post about the loan from Jiang Weiqiang to the company

›
In the the second to last post I raised a disclosure about Focus Media needing a $2.5 million loan from the CEO's father to "relie...
16 comments:
Monday, September 10, 2012

Focus Media giving away cash?

›
I am becoming obsessed by the disclosures about the businesses Focus Media disposed of in 2009. The full disclosure is in this post - and ...
22 comments:
Sunday, September 9, 2012

Puzzled at the wealth of Chinese civil servants - Jiang Weiqiang and Focus Media edition

›
An  old disclosure : In March 2006, Weiqiang Jiang, the father of Jason Nanchun Jiang (the CEO/controller of Focus Media), provided a sh...
9 comments:
Friday, September 7, 2012

Focus Media: calculating losses on disposal

›
I have been thinking a little about the last post - where I quoted Focus Media's accounts. They purchased several business for very pr...
13 comments:
Thursday, September 6, 2012

Focus Media: One strange disclosure, three interpretations

›
Here is a disclosure from the  Focus Media 20F filing : 2009 Disposition In 2009, we aborted a contemplated initial public offering ...
13 comments:
Tuesday, September 4, 2012

Death, Ferraris and naked exotic girls: racism, politics and garbage data in China

›
The Western Press is following a mid-ranking story in Chinese politics with more than average fervour because it is so salacious. Ling Jih...
11 comments:
Friday, August 31, 2012

The mysterious case of the disappearing competitor: Focus Media edition

›
JCDecaux - the French multinational giant - is the largest display advertising company in the world. They also claim in their latest annua...
10 comments:

Focus Media - the key post: Four interpretations of the accounts

›
Focus Media is - on the published accounts - a very profitable company. It has 63 percent margins gross margins and net margins over 30 per...
19 comments:
‹
›
Home
View web version

About me

View my complete profile
Powered by Blogger.