Today finds me back in Bangkok which is never a hardship.
I've been keeping an eye on various things over the long weekend including an interesting piece at Seeking Alpha which argues that Xinhua Finance Media is now "grossly undervalued". For those who have been following our coverage of this, you'll know that they've had a real roller-coaster ride since listing. Now, as the piece by Deepak Singh points out, they've "committed US$50 million towards a share buy-back program" because, they say:
We believe that XFMedia’s stock has been unduly punished in recent days and that buying back shares represents an excellent investment at prevailing price levels – especially in light of our strong first quarter results and positive outlook.
Also, in another long-running saga we've been following, the company formerly known as Panpac Media has really severed its links with Bruno Wu's Sun Media group by renaming itself The Lexicon Group. Today, we note, it has announced a Board reshuffle. The Singaporeans are firmly back in charge.
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