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Jeff Boyd Male ID: 71586164
Live in Wisconsin. CPA. Have been investing/speculating for 35 years now. Have made very good money and lost much too.
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    $OCFT (06638.HK)$ $Lufax (LU.US)$ $OCFT (06638.HK)$ $LUFAX (06623.HK)$ $Ping An Insurance (601318.SH)$ $PING AN (02318.HK)$ Can't say I'm surprised. I am surprised that OCFT has not had similar issues. Both have significant intercompany transactions with Ping An that would be difficult to place a value on. Suppose it is also conceivable the purchase of the Hong Kong virtual bank is another issue but I tend to think they were careful with that one.
    1
    $VALUE PARTNERS (00806.HK)$ Guess it is no great surprise but there appear to be problems with governance or business. They issued 43 million options with a strike price of HK$ 0.10. I have never seen a stock option grant like that and I've been around. It is really the same as a restricted stock grant of 43 million shares. I have only seen something like that when a company is on the edge of bankruptcy. Here; there is no risk of bankruptcy but it would not surpr...
    $eGain (EGAN.US)$ Honestly, I don't think there is another company out there that is more committed to customers and giving their shareholders a fair shake than eGain.
    Doesn't mean it's a good investment as bad things happen to good companies all the time but still a favorite of mine.
    $BAIRONG-W (06608.HK)$ Hate to post this as it will show my lack of knowledge but is this company (1) a software company that uses AI or (2) an AI company that recoups its costs via software sales?
    As they don't develop chips and are not talking about building huge new data centers the likes of which have never been seen I have to believe it is #1.
    Can someone who understands these things explain what Bairong is?
    4
    $BAIRONG-W (06608.HK)$ One never knows the future with certainty but this company is earning 7-8% ROE which is pretty impressive given how overcapitalized it is. That cash sure drives ROE down.
    Know things change pretty fast in the sector but does anyone know if they face any threats aside from normal risks faced by any company in this sector?
    $LUFAX (06623.HK)$ $Lufax (LU.US)$ Has anyone received a notification from moomoo regarding electing to receive the scrip dividend rather than cash? I have not and am starting to get worried that this is not going to be handled properly as it is a somewhat unusual situation.
    2
    $LUFAX (06623.HK)$ $Lufax (LU.US)$ Scrip Dividend Rate:
    Based on ADR price from June 4-10, when shares were trading higher.
    Choice of 1.074 shares or $2.42 in cash for ADR.
    The deadline for electing to receive shares appears to be July 2, 2024. If you do nothing, you will get cash, ignoring potential taxes and fees.
    Will moomoo be getting in touch with us to provide us the option to elect shares????????
    sec.gov/Archive...
    1
    $OCFT (06638.HK)$ $OneConnect Financial Technology (OCFT.US)$ $Lufax (LU.US)$ $LUFAX (06623.HK)$
    Probably good news for Lufax as I expect they will get lower pricing but definitely not good for One Connect to lose their second largest customer.
    $LUFAX (06623.HK)$ It is a normal thing, but there are a bunch of Form 144s filed with the SEC on cashless stock option exercises. It is a normal thing to do and probably the smart thing to do. They probably exercised to get the dividend but still, I always wish option holders would pay the cost of taxes out-of-pocket. Then again, I'll complain about everything that doesn't go exactly the way I want it to go.
    $WING ON CO (00289.HK)$ Not a bad dividend. Don't recall how much of it was taken in fees from brokerage firm and withholding tax last time but I remember thinking I should sell if it was going to be that high all the time. The withholding tax I expected and understood, but not the fees.