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Article: Investors need full story on bottom line.
- Article from:
- New Zealand Herald (Auckland, New Zealand)
- Article date:
- August 23, 2008
CopyrightCOPYRIGHT 2008 Independent News & Media PLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Continued from C1
happy to declare its gain, ASB has come up with no explanation for its decision - a move which makes it harder for investors and analysts to compare the bank with its rivals.
Lister says there is a risk less sophisticated investors will not get the full story, but that's why analysts have a role to play. "Less sophisticated investors might only notice that initial headline I suppose there's a risk that people don't get the full story. But that's why people have advisers such as ourselves."
But Daniel believes misleading reporting is not isolated to a few companies.
He cites the case of community-owned asset ...