a2 Milk (ASX:A2M) share price hit by class action news
a2 Milk (ASX:A2M) share price hit by class action news
The A2 Milk Company Ltd (ASX:A2M) share price is under pressure again on Monday. Here’s why its shares are being sold…
James Mickleboro has been a Motley Fool contributor since late 2015. After studying economics at university back home in the United Kingdom, James came to live in Australia and managed to land a job at an Australian fund manager. This was the start of a love affair with Australian equities and he hasn t looked back since. James is part of the CFA Institute s Chartered Financial Analyst program and hopes it teaches him how to become an astute investor which allows him to help others with their own investing. Outside of reading and researching he spends many a late night watching the English Premier League and Seinfeld reruns.
Slater & Gordon (ASX:SGH) share price lifts 5% on earnings report
Marc Sidarous | February 25, 2021 4:32pm |
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At the time of writing, Slater & Gordon shares were up 5.56% to 86 cents per share.
What did Slater & Gordon announce today
The law firm announced a net profit for the six months ending 31 December 2020 of approximately $3 million a far better result than the $561,000 loss of the prior corresponding period (pcp).
Revenues rose by $10 million – including $8 million in net movement in Work in Progress (WIP). Concurrently, expenses rose by only $3.8 million. The company highlighted a 16% growth in enquiries and a 6% rise in active case files during the period.
‘Idiot’ ASX directors to be protected in treasurer’s new plan
Tony Yoo | February 19, 2021 8:00am |
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Experts have warned treasurer Josh Frydenberg’s proposal to weaken public disclosure laws will let ASX companies get away with duping retail investors.
Continuous disclosure laws make it illegal for directors of ASX-listed companies to withhold information that may affect the share price.
Last year, Frydenberg temporarily relaxed some obligations for public companies in response to the COVID-19 pandemic. This included a partial reprieve from continuous disclosure requirements.
This week, the federal treasurer proposed converting that into permanent law, by requiring that shareholders can only sue if a director violated the obligations with “knowledge, recklessness or negligence”.