The ASX should stop tinkering and introduce quarterly reporting to protect investors

Clime Investment Management

Clime Investment Management

The ASX’s proposal to tighten earnings guidance is a piecemeal response that does nothing to protect the retail investor. It maintains the lazy practice in Australia of financial reporting that has resulted in listed companies adopting inconsistent disclosure practices. The ASX proposal does nothing to create a formalised reporting regime that is consistent with overseas markets. Rather than tinkering with the thought process around “market guidance”, which no one understands, the ASX should introduce mandatory quarterly reporting for ASX 200 companies. Australia is decades behind the rest of the world on financial reporting to its markets. The ASX needs to come into the 21st century and insist the major companies, at least, produce quarterly reports. (VIEW LINK)


Clime Investment Management
Funds Management & Stock Research
Clime Investment Management

The Clime Group is a respected and independent Australian Financial Services Company, which seeks to deliver excellent service and strong risk-adjusted total returns, closely aligned with the objectives of our clients.

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