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Spot on FI.......and bring on the 1 : 10

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johnno261

1,615 Posts.

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25/06/18

16:59

Post #: 33934842
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Originally posted by FoxyInvest ↑

Remember reporting rules have changed!

There will be a lot more "surprise" sales results as companies report as the new rules state that any reporting needs to be "material" to the companies bottom line. 5% of total sales is the number I've understood it to be.

Furthermore - you cannot report a "material" change unless you completely "lift the skirt" on contract terms, value and the name of your signing.

It will make for much more volatile prices on sales announcements as companies report.

Lets be honest VPC aint got much more downside so there is little risk if they announce shitty sales!

The only way is up.....DYOR

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Spot on FI.......and bring on the 1 : 10

VPC Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
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