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!
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?
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%).
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.
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.
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.
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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?
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
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?
Stringhead....you're a paid shill for the real estate industry. Which company do you work for?
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.
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