Dear Fellow Shareholders,
Rothwell-Gornt is pleased to announce to 2009 investment strategy. Steering clear of equities and fixed income products (particularly minibonds) – hallmarks of recent years – I am delighted to announce that the firm will embark upon a more traditional yet equally profitably route: Real estate.
Our investment thesis is that property prices have declined dramatically in recent months, representing a good buying opportunity. Properties on the Peak, in particular, declined some 41% in the final quarter of 2009 - “the biggest on record in Hong Kong’s luxury property market,” Peter Marlowe writes in the Taipan Times (yes - he's still on the go!).
Symbolic of our ambitions in this sector, I plan to kick-start the investment programme with an audacious hostile takeover of one of Hong Kong’s most prestigious addresses – the Noble House Peak Mansion. The property has been sitting idle ever since the Tai-Pan left for Holland. With Dunross still distracted by nano-scale petrochemical deals, the timing for a trophy takeover may never have been better.
Right, time for an Extrajoss Cola – I feel my melamine levels reaching dangerously low levels.
Best of joss,
Quillan Gornt
Taipan and CEO
Rothwell-Gornt Holdings
Subscribe to:
Post Comments (Atom)
2 comments:
Try as you might Gornt, the Peak Mansion cannot be bought or occupied on any legal basis. My ancestors took the liberty of gazetting a grant of entitlement of that land and property to the Noble House in perpetuity. So unless you want to wait 50 years for the mainland and HK legal systems to be aligned and try your luck then, you're barking up the wrong tree.
Joss off.
The Tai-Pan
Sir,
Grants of entitlement can, under highly unusual circumstances, be misplaced by the authorities. I thought you would have known that, Tai-Pan!
Best of joss,
Post a Comment