Greetings all, welcome to the fourth edition of TheFoxForceJournal. Our featured stock is CityTelecom(H.K. )Ltd ticker CTEL which is now known as HongKongTelivision HKTV picked by FoxForce5contestant iamlard @$4.56
An explanation of the change-
HONG KONG, Jan. 24, 2013 (GLOBE NEWSWIRE) -- Hong Kong Television Network Limited ("HKTV") has been aggressive in content production since mid 2012. Apart from a variety of dramas, we have been devoted to produce high quality infotainment programs, to bring enlightenment to the community, through sharing of real stories around the world. Among all, our production team has visited Fukushima of Japan, military camps in Afghanistan and is now in Burma hoping to meet Aung San Suu Kyi, laureate of Nobel Peace Prize 1991.
Being the first production crew to enter into Afghanistan military camp for interview and shooting, our crew has got in touch with local army force. Most impressively, we have interviewed Mr. Massoud Hossaini, winner of 2012 Pulitzer Prize in Breaking News Photography, for his heartbreaking image of a girl crying in fear after a suicide bomber's attack at a crowded shrine in Kabul. He would share his vision to unmask the real face of war.
Previously, HKTV's production crew has also visited Fukushima of Japan, interviewing why volunteers from Hong Kong are so brave to stay at the scene where local residents retreated due to nuclear radiation threat. Currently, our crew stays in Burma devoting efforts to meet Aung San Suu Kyi with lifetime dedication for democracy and human rights in her hometown.
Hong Kong Television Network Limited (formerly known as City Telecom (H.K.) Ltd.) is a Hong Kong and the U.S. listed company (1137.HK) (CTEL). Established in 1992, the Group possesses extensive and successful experience in telecom market liberalization, popularizing advanced technology & applications. The Group strives to expand its foothold to the TV industry. Since 2011, we have been aggressive in forming the dream team of artistes, production and creative Talents. The Group will invest over HK$800 million to build a 500,000 sq. ft. TV & Multimedia Production Centre, including the largest studio in Asia with an area of 18,000 square ft. and post-production suite equips with 3D and Super High-definition production facilities. The production centre is expected to go into full operation in 2014.
At commencement, HKTV will broadcast 5 channels, and will increase to 30 in 6 years. HKTV targets in 2013 to double up the output produced in 2012. More information on HKTV can be found at www.hktv.com.hk.
Consider if iamlard had bought $1,000 worth at $4.56 thats 219 shares.
According to Caps .25 in dividends were paid so thats $54.75.
As of todays close of $6.75 total value of investment is $1,533.
Now Scruffys 40,000 shares are worth $280,000.
Much like competitors Fox News and the Huffington Post, The FoxForceJournal is completely unbiased in its coverage. Luckily our founder HarryCarysGhost is free to say whatever the hell he wants. So we are pleased to introduce the editorial section of the Journal-
HarryCarysGhost- What up my fellow Fools, that is a nice runup in price but seriously I wouldn't buy this for all the tea in China. Just seems funky. Completley changing from a telecom into television and I could not find anywhere that they have the licensing in place.
So you would be basically be investing in a Chinese start up with maybe 3 yrs cash burn on hand. Kiss that yield goodbye.
I'll admit to being wary of the whole Chinese sector as I got burned by HEAT and NEP in 2011 got out of CCME before that went down in flames. But still this doesn't pass my sniff test. Also looking at the website was a bit confusing since my Mandarin is a bit rusty.
Cheers and thanks for reading.
(sorry if I missed anything, I'm writing this while watching the Blackhawks win or score a point in overtime for the 20th time to start a season)
HAWKS WIN! HAWKS WIN!