Allure of convertible bonds

Article Abstract:

Beijing Enterprises, which is listed in Hongkong, has obtained a US$165 million loan from a group of international banks. The loan that was provided by the consortium carries an annual interest of approximately 7%. The increasing yields are seen for China-affiliated businesses that include Beijing Enterprises, according to Martin Bradley, a convertible-bond sales representative at SG Securities. On the other hand, convertible bonds also pose a risk especially for debt-ridden companies with investors, said managing directo

Comment:

Obtains a US$165 mil loan from a group of international banks

China, Receipt of funds, Beijing Enterprises Holdings Ltd., Article

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Small-cap fund manager seeks an encore to his success; Scobie Ward of Lloyd George looks to well-run companies hit hard in the region's crisis

Article Abstract:

Hong Kong-based Lloyd George Management is Asia's leading small-cap fund manager during the 1st qtr 1999. Scobie Ward, its chief investment officer and manager of the fund, claims that he follows a simple guideline: invest in companies with a history of high returns on equity, companies that do not demand a large capital outlay and companies with clean balance sheets. Ward's technique provided substantial returns with Giordano International which gave an average return on equity of 29% in 1993-1996.

Investment Offices, Management, Ward, Scobie, Lloyd George Management

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