CK Hutch (1 HK): Back To Square One

• The irony is that CKH (1 HK)'s Panama-port sale was probably prompted, at least in part, by a desire to get out of a situation which was becoming increasingly political.

• Instead, it has thrust the company right into the heart of it. And the share price has now given up all of its initial gains. And then some.

• After Panama’s Attorney General recently determined CK Hutchison's concessions were unconstitutional, the Comptroller-General has now announced that an audit had found “many breaches” of the concession.