Share
34,287 Posts.
lightbulb Created with Sketch. 891
clock Created with Sketch.
26/06/19
23:41
Share
Originally posted by F01:
↑
The law is black and white. There is no "feel". They have either broken the law or they have not. Publicly accusing them of going against the feel of the law is truly ridiculous imo. And to openly state this in the public media makes a mockery of the FMA, again imo. Is it amateur hour over there? Or a scene out of the Castle? (It's the vibe your honour.....) This will blow over without any real damage to the business imo, but that doesn't mean the SP won't get smashed in the meantime. We shall find out next week if the current selling pressure is due to EOFY issues. Still accumulating here but the amount of red against this one in my account is increasing, which is annoying. Such is life.
Expand
yes, all fund managers need to fear this Andrew Bailey lest the inconsistency and application of standards to one and not others be called into question. it has been drastically oversold IMHO.