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$2.43 erm power limited

Ann: FY2018 Full year results and presentation, page-10

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MikeRowcap

1,328 Posts.

73

23/08/18

10:02

Post #: 35116988
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Originally posted by hanabi ↑

So on May 29 ERM announces:

ERM Power Limited (ASX: EPW) is hosting an investor briefing today in Sydney for institutional investors and equity analysts.

So they held the briefing on the very day it was announced to the ASX. Meaning the institutions knew about the meeting well before that. And, low and behold, we see a huge selldown in ERM just four days before the briefing. And continued selldown after the briefing. I mean, it's pretty obvious what has probably gone on here, given we plebs are finally now told of the abandonment of our US operations.

ASIC and the ASX need to completely BAN all forms of "investor briefings" and other methods companies use to give a select few the inside run.

But no market sensitive information is given during these briefings, I hear you say? Well I call BS on that. Either ban it or live feed the meeting so that all shareholders can be informed at the same time. It's time we pleb shareholders were given a level playing field.

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"or live feed the meeting so that all shareholders can be informed at the same time."
Really like this idea.
And with today's tech it should be a must.

EPW Price at posting: $1.41 Sentiment: Hold Disclosure: Held
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