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Gamestop Connection to CLT, page-39

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masterldl

1,177 Posts.

141

01/02/21

11:06

Post #: 50600280
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Originally posted by gaxford: ↑

For those who care:

Basically companies are only required to report half yearly and annually.

This is the link for ASX Quarterly reporting requirements: https://www.asx.com.au/documents/rules/gn23_appendix_4c.pdf

It is copy protected so I can not reprint here. Read section 3.

The requirements for quarterly reporting (courtesy of PWC https://www.pwc.com.au/legal/assets/listing-company-asx.pdf )
is as follows:

The ASX only requires quarterly financial disclosure in
certain circumstances. For example, where the company
is a mining exploration company, or has been listed on the
basis of “commitments”, that is, half or more of its total
tangible assets are cash or in a form readily convertible to
cash and the entity has commitments to spend at least
half of that cash or assets readily convertible to cash. The
quarterly report for entities admitted on the basis of
commitments must include, among other things, the
following information in the prescribed format:
 a consolidated statement of cash flows
 payments to directors of the entity and associates of
the directors
 payments to related entities of the entity and
associates of the related entities
 details of non-cash financing and investing activities
 the entity’s financing facilities
 cash reconciliations
 information about acquisitions and disposals of
business entities.
Quarterly reports must be given to ASX within 1 month of
the end of each quarter during the entity’s financial year.

So as far as I know CLT is only subject to half yearly and annual reporting requirements

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Thanks for clarifying mate.
I believe majority of the offload was due to absence of business update, weak hands just can't wait for two more weeks.
The whole market is in red again, hopefully the correction ends soon. We should have at least another year of bullish trend before Democrats run the economy to the ground.

CLT Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

1 Great analysis

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