Originally Posted by
MickG0105
Another heapin' helpin' of that good old Rex arrogance! Given Rex is a public company, they have an obligation under S.674 of the Corporations Act 2001 to disclose to the market any information that would reasonably be expected to have a material effect on the price or value of the company.
It would be great if reporters commenting on financial matters could properly interpret financial reports. Rex's H1FY24 operating results were manifestly worse than H1FY24.
Agreed on both points!
You’d think if you’re are calling in Deloitte to look at restructuring the business - then the ASX probably should have been told!
And it constantly surprises how little digging business journalists from the Australian or AFR do into Rex.