SP1 southern cross payments ltd

How much money you got on this business? what percentage of your...

  1. 7,843 Posts.
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    How much money you got on this business? what percentage of your portfolio? It will help put context to your behaviour.

    in regard to the OM report into ISX. It highlighted issues that ASIC and ASX found had enough substance to launch months long investigations, and suspend it from trading. If that isn't a positive indication of the quality and seriousness of the report, I don't know what is.

    As an example, in contrast there was a short report into Credit Corp not long ago. It alleged revenue and profit manipulation among other things, basically that CCP cooks it's books. The stock went down, but since recovered and has moved to record highs as the market gave little wieght to the allegations. The stock was not suspended and investigated by financial regulators with it's business likely permanently impaired.
 
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Currently unlisted public company.

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