Club Mulgoa

Thursday, February 28, 2019

ASX Announcements

This is the best thing financially since sliced bread.  Brokers used to be privy to this information ahead of the average investors.

Now, no matter how much clout, how big an organization and what access you have, the ASX announcement is a real level playing field.  You can do costly research with the manpower and expertise available to you.  But when the announcement is out, everybody has equal opportunity... unless you have insider information.

I hardly need any broker's recommendation other than to confirm my own reading and logic, if it is available for free!  And many brokers ignore the small caps.  They also ignore companies with shady ownership which is where JIN is an outstanding example.

JIN only has a narrow range of ownership and nearly all are nominees too.  And one private company seems to be in control with under 25% ownership.  However, if the board is capable of good chronic profit for ALL the shareholders, why be troubled by it?  And its products are household names!

0 Comments:

Post a Comment

<< Home