Neptune Marine Services Limited (NMS.AX) announced on Wednesday that its SPP had closed oversubscribed. Rather than take all the money from retail share holders management decided to slap them in the face and only allocate 50% of the shares applied for. NMS received applications for $26.49M or 52.99M shares from 27% of their shareholders.

Should American’s be looking to for diversification?

Buffett sells down Berkshire’s Moody holding with a hat tip to Fusion Investing which sells down MQG ahead of the trading halt.

Kongzhong Corp. (KONG) keeps on climbing. I finds these valuation heights somewhat dizzying, but I’m sure enjoying the ride. Like exciting fair ground ride the trick is get off before you’re sick. I thought KONG had climbed high when it was at eight, at $10 I almost headed for the emergency exit, today KONG closed at 12.04.

To buy low you should be buying now.

“Consciousness is said to be a field; a plot of land in which every kind of seed has been planted – seeds of suffering, happiness, joy, sorrow, fear, anger, and hope. The quality of our life depends on which of these seeds we water. The practice of mindfulness is to recognize each seed as it sprouts, and to water the most wholesome seeds whenever possible.” Thich Nhat Hanh

Fusion Investing will soon host the inaugural Australia and New Zealand finance and investing blog carnival. There are a lot of great financial blogs written by Australasians and we hope to highlight some of them. To celebrate check out these funny videos.

The Fusion Investing Portfolio just bought 60,000 shares in Biota Holding Ltd (ASX:BTA). Due to the near term risks associated with GSK announcing Relenza sales on 22 July and Daiichi Sankyo announcing LANI results within weeks the fund is buying a half position.

Harmonic Inc is the Grammy winning gold standard in video processing. Shares are down due to falling earnings resulting from customer’s cautious capital spending.

Speed musing on CSL, Sandisk, Hunter Hall and Platinum Asset Management.