ASIC are too busy examining Star Casino, NAB, Telstra (with ACCC), FTX, crypto, payments, banks like ANZ, energy companies, the next Australian version of Wirecard, Downer accounting irregularities and others. SBM must be down on the list.
SBM never had enough people. They had a few attorneys reviewing contracts but other that, not enough people, hopeless HR, poor governance, poor compliance and no one really looking at day to day operations.
Great assets except for too few people and people that were too weak. I mean if you stuff up the Modern Slavery Statement two years running, what hope is there? they under resourced it and put out elementary school stuff.
A lot like Australian business and the ASX listed stocks more generally.
ASIC is the problem not the solution to the problem, it is under resourced and staffed by second rate attorneys, no wonder they lose all the time.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)