profitability of acquisition, page-2

Hi afd, have a read through the annual report, plenty of interesting stuff there.

One thing that caught my eye was CBD policy on communications with shareholders.

Under the corporate governance principles they set for themselves, they undertake to communicate via Annual Report, via general meetings (encouraging shareholders to attend and ask questions), to inform market via ASX releases, and press releases, quarterly cashflow statements and half yearly financial statement.

Conspicuos by its absense was responding to shareholders queries, emails, phone calls, etc.

I do not mean there is anything sinister, but they have increased the management team fair bit, one would think that dealing with investors enquiries should also be a priority, if they are serious about growing shareholders value they need to be out there, talking to current and potential investors. Not responding to queries at all or after prolonged period of waiting is not how a modern progressive company should operate.

I would go as far as saying that one reason for SP droping in last few months had a lot to do with the lack of news comming out of the company.
And there was plenty of good news to report, I just do not understand why they kept everyone in the dark.

I intend to ask a question about communication with shareholders at the AGM, and hopefully extract a promise to do better in future.