"The CDVM attracts the attention of issuers on the obligation to make public without delay and when they learned of the information, a warning on the results in case of failure to report history of achievements or significant deviation from the forecast announced. One sentence would have sufficed for the controller instead Casablanca passes a strong message to all listed companies.
The board of ethics Securities (CDVM) has indeed attracted the attention of issuers need to prevent the market in advance of any "break compared with historical accomplishments "or" significant deviation from the forecast. " Clearly, companies whose performance will experience a significant decline for the year 2010 should inform the market by a profit warning as required by law. CDVM would have warned everyone before taking appropriate action for violations as it did in the fourth quarter of 2010 with Sonasid whose lower earnings was the worst surprise of the last year.
That said, the sentence of preventive CDVM can have several interpretations. In this context of crisis that affected several sectors in 2010, the risk result is down significantly in size for several listed companies. CDVM wants to prevent this risk that speculators are aware. Another possible interpretation could be related to specific values that CDVM careful eye. Through this statement, the regulator wants to get the message one month before the legal date of publication of annual results.
source infomaroc.net
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