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@noomxx HC reply function down again
Well yes there's a possibility of of some rose coloring but no more than any report.
The disclosure is there for all to see and readers can take with whatever grain of salt they think appropriate.
You mentioned Ords in your original post who organised the float. I would have the same skepticism to a broker taking their book on a float or a fund looking to rally support in a monthly report. Maybe the brokers is hoping to pick up a CR. There's always a possible conflict.
There just aren't enough brokers and funds to do a report on small caps and paying someone to do one on a professional level (DFC etc) is common in the this end of the market. I think the authors and company are just as accountable for the accuracy and input as if Ords wrote the report.
The other benefit of these sorts of reports are they reflect management's thinking and strategy so it's a valuable communications tool.
I thought it was pretty good read. Going to go back and look at some others! It's certainly no more tainted than a broker/fund report.
Unfortunately a lot of people don't read the disclaimer, that's where there's a problem. RaaS have theirs very prominent so a plus for them.
cheers