Forum Archive Index - September 2000

["N Boyle" <niven@umc.co.nz>]

Sarah Corkhill wrote: (excerpts)

 

Yes all the information about a company's dividend dates etc is made available
to the
public for free.  You can look on any brokers website for the announcement and
all the information
is contained in it.  All it takes is alittle effort on the part of the
investor to look for the information and you
will find it. 

 

Can't agree. What instigated this issue on this occasion was relating to NZR.(Although it could relate to almost any stock!)

Checked S/Watch for recent announcement. No pointer to ex-date, only payment date. This co.(in this case) didn't have it's own website.

How far should one have to look???????

 

Please point me to a brokers website which stated clearly that this stock was going ex on Monday!! And any other site which showed this information!! I will be forever grateful if you can point me in the right direction so that I CAN find it myself in future!

 

As to when a company is going to release it's annual report, that is covered by
the listing rules and nothing
special about that either.

Don't follow you. I was talking about the usually eagerly awaited announcement of final result. Where do I find (more than a day out, and usually only via Sharechat!) that XYZ Co is going to be announcing next Friday for example ??????? Companies obviously advise NZSE of upcomiing announcement dates well in advance - presumably listing rules ensure sufficient notice?

Why can't this be easily accessible?

2. In whose interest is it to keep investors continually in the dark - rather
than as informed as possible???

It is not a case of keeping investors in the dark - it is case of not looking
for the information and just
blaming the NZSE for the lack of information.  The information is out there if
you look.

 

I think the above showed that what should be sufficient searching for the information was done. I think Sarah, that your obvious access to this info via your job, which you take for granted, has removed you from understanding the woes of the small investor!

 

1. Successful commercial companies are ones that endeavour to look after their clients, by making it easy for them to purchase from them, by informing them regularly, by generally showing that they want to do business with them.

2. Monopolies though generally take customers for granted, give the impression they couldn't give a ..... about them, and show an incredible arrogance to anyone who they deal with.

 

I think the NZSE should be aiming for business model 1. to become successful, rather than continuing with model 2.

Or is it just too late???????