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Is Macrobusiness operating illegally?; ASIC and Internet Discussion Sites (IDS) - Regulatory Guide 162
Topic Started: 28 Apr 2012, 02:02 PM (6,040 Views)
Sydneyite
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Shadow
29 Apr 2012, 10:13 AM
A google advanced search for ASIC Regulatory Guide 162 site:http://macrobusiness.com.au reveals no results.

So it seems Macrobusiness haven't even considered their responsibilities here... this could be quite a serious breach of the law.

Other equity discussion sites like HotCopper and AussieStockForums do have sections describing their responsibilities under ASIC Regulatory Guide 162.

Lift your game Macrobusiness!
And moderation on AussieStockForums for example (where I have been a member for over 5 years), is very strict when it comes to issues like stock ramping and provision of investment advice.

Ps: Themoops is clearly an anti free speech Internet fascist! Glad he has less than zero chance of becoming a moderator here!
Edited by Sydneyite, 29 Apr 2012, 08:06 PM.
For Aussie property bears, "denial", is not just a long river in North Africa.....
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James Schill
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Strindberg
28 Apr 2012, 06:42 PM
Real estate professionals have a host of obligations under the terms of their licence.
Yet they continue to do things like this:
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Strindberg
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Some further context for the OP.

Attempts on Macrobusiness to ramp JBH shares have been frequent and openly in the name of “Empire Investing” by their Directors. Empire Investing is a private investment company, regularly spruiking shares which they own, on an open internet site not requiring a log in. If this is not a breach of ASIC Regulatory Guide 162, what is?

17th June 2011 http://www.macrobusiness.com.au/2011/06/equity-spotlight-jb-hi-fi/

Quote:
 
Empire considers JBH a “Wonderful” company.
Empire currently values JBH at $20.37 a share, based on a increased dividend payout ratio (and reduced reinvestment ratio of 25%).


21st June 2011 http://www.macrobusiness.com.au/2011/06/catching-a-falling-knife/

Quote:
 
JB Hi-Fi Ltd (Wonderful)


15th July 2011 http://www.macrobusiness.com.au/2011/07/time-to-buy-jb-hi-fi/

Quote:
 
Time to buy JB Hi-Fi
Is JBH good value now? In my opinion, yes.
Which means right now, it’s bargain time on JBH shares.

9th August 2011 http://www.macrobusiness.com.au/2011/08/earnings-update-jb-hi-fi-and-bendigo/
Quote:
 
Empire Investing considers JBH investment grade as has re-valued the company to $18.18 a share, with a full valuation forthcoming soon.

9th August 2011 http://www.macrobusiness.com.au/2011/08/jb-hi-fi-earnings-update/
Quote:
 
At Empire we still like JBH and its business model, ….
Given this structural change and the risks outlined above, we value JBH in the $18 to $18.20 per share range.

3rd January 2012 http://www.macrobusiness.com.au/2012/01/another-retail-marriage/
Quote:
 
Despite the retail gloom and doom, JBH should still be considered one of the best retailers in the country due to its high return on capital, high-demand products and good capital management.
With its relatively low price (dividend yield of 7.1%, grossed up over 10%) and modest price/earnings ratio (PER) just under 9, amidst a struggling sector with inferior competitors, it is probably a bargain stock at the moment – both for retail investors and potential corporate suitors.

At the last close, JBH shares were trading at $10.04.
Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
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hoofarted
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yawn......
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ajGold
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Irrelevant discussion with the provided disclaimer. Besides, whose blog disclaimer is more legally responsible?

Macrobusiness
Opinions expressed at MacroBusiness are those of the authors. The content on this blog should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation, no matter how much it seems to make sense, to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The authors have no position in any company or advertiser reference unless explicitly specified. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult someone who claims to have a qualification before making any investment decisions.

Chris Joye
Please note that I may have an economic interest in any of the items discussed here. You should also be aware that these are my own personal views and do not represent the opinions of any other individual or institution. This material is not intended to provide, and should not be relied upon for, investment advice or recommendations. Readers are urged to seek professional advice before making any investments. Call 1800 YBR YBR to find an advisor near you.
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Rastus2
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don't worry strindberg and shadow,

I'm sure someone will, (what was that word you guys use to love using ?).. oh yes.. snitch them out.

I wonder who it will be ... :re:

Let us know what ASIC say.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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nofriends
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get a life stringbag you have gone wrong in the head
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earthsta
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Strindberg
29 Apr 2012, 07:46 PM
Some further context for the OP.

Attempts on Macrobusiness to ramp JBH shares have been frequent and openly in the name of “Empire Investing” by their Directors. Empire Investing is a private investment company, regularly spruiking shares which they own, on an open internet site not requiring a log in. If this is not a breach of ASIC Regulatory Guide 162, what is?

17th June 2011 http://www.macrobusiness.com.au/2011/06/equity-spotlight-jb-hi-fi/




21st June 2011 http://www.macrobusiness.com.au/2011/06/catching-a-falling-knife/




15th July 2011 http://www.macrobusiness.com.au/2011/07/time-to-buy-jb-hi-fi/



9th August 2011 http://www.macrobusiness.com.au/2011/08/earnings-update-jb-hi-fi-and-bendigo/


9th August 2011 http://www.macrobusiness.com.au/2011/08/jb-hi-fi-earnings-update/


3rd January 2012 http://www.macrobusiness.com.au/2012/01/another-retail-marriage/


At the last close, JBH shares were trading at $10.04.
It doesn't sound any different to you, shadow, spanker and sydneyite trying to tell all the neophites here, that NOW has been never a better time to buy :lol

In two years time, you knobs will STILL be singing the same tune in trying to get the plebs to catch the falling knife that housing has become :mad

Stringhead....you're a paid shill for the real estate industry. Which company do you work for? :re:
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Strindberg
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earthsta
29 Apr 2012, 09:54 PM
Stringhead....you're a paid shill for the real estate industry. Which company do you work for? :re:
It's very flattering that you consider my contributions to be so professional and effective that you imagine someone is prepared to pay me money for them.
Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
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Rastus2
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Shadow
29 Apr 2012, 10:13 AM
A google advanced search for ASIC Regulatory Guide 162 site:http://macrobusiness.com.au reveals no results.

So it seems Macrobusiness haven't even considered their responsibilities here... this could be quite a serious breach of the law.

Other equity discussion sites like HotCopper and AussieStockForums do have sections describing their responsibilities under ASIC Regulatory Guide 162.

Lift your game Macrobusiness!
yawn...


Your search - ASIC Regulatory Guide 162 site:christopherjoye.blogspot.com - did not match any documents.


pot, kettle, black.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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