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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Trustworthyness in the Corporate world.

Trustworthyness in the Corporate world.

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1Trustworthyness in the Corporate world. Empty Trustworthyness in the Corporate world. Mon Jun 10, 2013 10:38 am

Leon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Guys,

I read in a posting here regarding JKH our members were so keen on Chairman's message. They were analyzing it word by word.I'm not criticizing it. But my worry is Is the corporate world/figures that much trustworthy???
In a broader seance, by reading Chairman's message can we believe they would do what they preach in the AR. And do our members have experience as such???? And companies that we can count on????

Arena


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Dear Leon ,

Your point is valid.
But Chairmen Massage is the only statement from which we can have an idea of the Vision of the company it shows Where it will reach in 10 years time.

For an example In REXP the turnaround was said through Chairmen s massage 2 years ago. but only now we saw it in financial terms.
In MGT they convince the turnaround is near and Chairmen is very happy about the ERP implemented.

These details you cant get from any where other than from them.

Yes when it is comes to PCH. PCP an all it is utter madness to trust the chairmen.



Last edited by Arena on Mon Jun 10, 2013 11:57 am; edited 1 time in total

udeni

udeni
Manager - Equity Analytics
Manager - Equity Analytics
If you consider crap shares the chairman's report too may contain crap. Most of the chairmen's of the fundamentally strong shares have given a correct picture of the company in their Annual Reports. If the company has not performed well some even have said so and given reasons for deterioration of profits and the remedies they have taken.

kukumarx


Manager - Equity Analytics
Manager - Equity Analytics
@udeni wrote:If you consider crap shares the chairman's report too may contain crap. Most of the chairmen's of the fundamentally strong shares have given a correct picture of the company in their Annual Reports. If the company has not performed well some even have said so and given reasons for deterioration of profits and the remedies they have taken.

I agree with udeni. Most of the chairmen's of the fundamentally strong shares have given a correct (but brief) picture of the company in their Annual Reports. They also give hints to the future directions that the company is taking. That's why I was very unhappy with no mention of the Keels mega project in Slave Island.

For smaller companies there is another option to get clues of future direction. Go for the AGM. After the AGM don't go for the short-eats but head for the board members and ask away. If your questions are intelligent and you are polite, a few of them will oblige in detail.

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
JKH has the best governed board in the country ..... cough .... cough Razz

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