The Wilde quote always causes me to be feel rather embarrassed when I consider using sarcasm.
The market teaches some harsh lessons. Some of us learn those lessons at a reasonable cost. Some ... well they just have to learn the same lessons but it always seems to cost them considerably more.
Consider this for a minute - that an investor (someone who has their dollars on the line) can overlook and mock a 36% increase in the rent that their company pays to a related entity of a Director - it is plainly incomprehensible.
I think it is symptomatic of a newer class of "investor" who ignores or dismisses the financial reality of the company that he / she buys shares in and looks to the ASX much like they would a Crown Casino.
A company financial report seems to mean very little to them!
Question is - why do you think the Corporations Act 2001 requires publicly listed companies to release their audited accounts and related financial information?
Hmm ... if the answer to that question is not immediately apparent then the lessons mentioned above will be even more expensive - I think.
