Bronte Capital

The sometimes eccentric views of John Hempton

Sunday, September 30, 2012

Canny Chinese Securities Firms

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The WantWant China Times just published a short article under the title  Canny securities firms shower fund companies with treats . What i...
17 comments:
Wednesday, September 26, 2012

Focus Media: what happened to the airports?

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The adverts on an LCD screen are worth more in a high-traffic location than a low traffic location. They are worth more when people are pred...
18 comments:
Monday, September 24, 2012

Visiting New York, speaking at the Santangels conference

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I am in New York on 25 October presenting at the Santangels Review investor forum . I am thrilled. I know only a few of the other speaker...
9 comments:
Saturday, September 22, 2012

Weekend edition: Mark Seymour and Eddie Vedder

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A classic of Australian rock played at the Garden. Wish I was there...  And some more Mark Seymour:  
2 comments:
Thursday, September 20, 2012

Focus Media revenue plausibility test: Part two

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Focus Media makes a lot of revenue per screen compared to US Television. Many people in the  comments to the last post  worked out rough ...
11 comments:
Tuesday, September 18, 2012

Focus Media plausibility test part one

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This post is being written for everyone on the deal-team bidding for Focus Media. It is also been written for everybody who is considerin...
47 comments:
Monday, September 17, 2012

Focus Media: Three interpretations - which one is right

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This blog has demonstrated a bunch of bizarre transactions in Focus Media's accounts. In particular I have focussed on transactions dur...
14 comments:
Sunday, September 16, 2012

Follow Bill Bishop's twitter feed now

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Samuel Johnson declared that patriotism (and presumably its twin nationalism) was the last refuge of the scoundrel. The Chinese regime ha...
4 comments:
Thursday, September 13, 2012

The choice of lawyers in Tortola: Focus Media counterparties edition

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The main streets of Tortola are a little dusty. When I wandered down them they were surprisingly empty but then it was hot. Very hot. There...
31 comments:
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