Bronte Capital

The sometimes eccentric views of John Hempton

Thursday, September 30, 2010

Travelling through time with the Universal Travel Group

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Universal Travel Group just held an investor conference call to answer investor questions about their business.  They answered some and left...
21 comments:
Tuesday, September 28, 2010

Questions for the Universal Travel Group conference call

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The only communication I have had from Universal Travel Group was a kind email from the acting Chief Financial Officer saying that I needed ...
12 comments:
Friday, September 24, 2010

Mr Bean declares the European debt crisis over

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The WSJ has a piece where Mt Bean (ahem: Spanish Prime Minister José Luis Rodríguez Zapatero) declares the European debt crisis over. I j...
10 comments:
Thursday, September 23, 2010

Further down the rabbit hole with Universal Travel Group: related party transactions edition

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I don’t spend nearly enough time reading SEC Proxy Statements.  Proxies are the bread-and-butter of serious readers of SEC Statements (such ...
4 comments:
Wednesday, September 22, 2010

Gratuitous advert time... go see the Nick Hempton band

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Much cooler than reading a finance blog (or poking around on Chinese websites):  Go see The Nick Hempton Band at the Zinc Bar (Greenwich ...
3 comments:

A123 – or how to lose money on YouTube…

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One of the things I promised with this blog was to explore ideas rather than talk my book. I also promised to explore my failures (of which ...
10 comments:
Tuesday, September 21, 2010

The internet travel company that sells far more tickets than it has page views: another trip down the rabbit hole with Universal Travel Group

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Numerous people have suggested that it doesn’t really matter that you can’t buy tickets on the Universal Travel Group’s website. After all, ...
12 comments:
Monday, September 20, 2010

Universal Travel Group’s cash balances: is there any way of testing whether the $43 million is really there?

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In the last few days more than half of the float of Universal Travel Group has turned over.  It is clear that the company has made some misl...
39 comments:
Friday, September 17, 2010

Universal Travel Group – another video log

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There is more to this story than the dysfunctional website and the fact that an internet travel agent pays a lot in commissions (as part of ...
23 comments:
Thursday, September 16, 2010

Follow up on the Universal Travel Group post

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I woke up this morning  to find people on the Yahoo chat board saying that I should be hanged and  the company saying they deny “all the all...
31 comments:
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