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Dave
Given you comments in the
first paragraph of your post , doesnt it take some of the gloss off the
enjoyment knowing its a bunch of BS ?. The SEC and directors are in the same
bed, the SEC has as much teeth as my old granny, particularly at bed time when
they are on the side table. Can you name a breech of the companies act or
listing breech as regulated by the exchange that has been punished with more
than a slap on the wrist with a wet bus ticket in the last 15 years, if there is
one I would be surprised, if there was two I would be stunned and would promise
to read an annual report as punishment.
Not related but along the
same lines I would throw majority shareholders and stockbrokers in with the same
crooks ( a rather full bed I know), look at what are American and swiss friends
(Fay Ritchwhite) did to Tranz Rail, the greatest raping in NZ corporate history
and then dumped on the NZ public.
Regards
Morgy
----- Original Message -----
Sent: Friday, September 12, 2003 2:31
PM
Subject: Re: [sharechat] WRI 2003 report
looks VG to me
I agree with your sentiments Snoopy
I certainly wouldn't invest in anything without a close
look at performance as described by their annual report - I look forward to
the day that annual reports are more meaningful and accurate, perhaps the new
requirements as put forward by the Securities Commission will be
beneficial.
As an investor I always "eagerly"
peruse every annual report that emanates from a company I have investment in -
this is always followed by a ratio analysis in an effort to determine how well
the company directors are looking after my investment in their firm.
While I am the first to acknowledge that the annual report is often a somewhat
sanitised version of financial health (Tower is the best example that comes to
mind), I have found that it does provide a starting platform for
analysis.
I look forward to the day when greater transparency is
provided through the annual reporting process (same applies to 6 monthly and
even quarterly results).
Dave
----- Original Message -----
Sent: Friday, September 12, 2003 1:34 PM
Subject: Re: [sharechat] WRI 2003 report looks VG to
me
> Hi Morgy,
>
> >
> >Nobody, but nobody "eagerly" peruses
company reports,
> > Surely not?.
> > :-)
>
>
>
> I find I take particular interest in news that
personally touches me. And
> what is an annual report if not a
'news update'?
>
> As a shareholder, I'm the boss
Morgy. It is only natural I should take
> an interest
in what my employees are up to. Particularly when they
>
have the capacity to alter my own pay packet by what they do.
>
>
>
> > Disclosure: Never read a publicly listed company report,
ever
> >
>
> Have you ever held a share long enough to
think of yourself as an
> owner Morgy? I guess not ;-(
>
> SNOOPY
>
>
> --
> Message sent by Snoopy
> on Pegasus Mail version 4.02
>
----------------------------------
> "Dogs have big tongues, so you can
bet they don't
> bite them by accident"
>
>
>
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