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Issuer Profiles
Unlisted launches new online Issuer Profiles
Unlisted has launched a new added value service for its Issuers with the first of its Issuer Profiles now available on its web site www.unlisted.co.nz.
The Profile includes an overview of the Issuer, its directors and top ten shareholders, summary financial results and high level performance analysis based on the financial results, dividends and security price movements. The balance of the Profiles will be rolled out over the next few weeks.
This initiative is in response to the introduction of the Financial Advisers Act 2008 on 1 July 2011 which has brought with it additional compliance obligations for Unlisted’s market participants.Not the least of which is the need for Authorised Financial Advisers (AFAs) to comply with the new Financial Advisers Code.
Code Standard 6 requires AFAs to “make recommendations only in relation to financial products that have been analysed by the AFA to a level that provides a reasonable basis for any such recommendation, or analysed by another person upon whose analysis it is reasonable, in all circumstances, for the AFA to rely”.
In anticipation of this requirement, and to assist both investors and brokers in the process of information discovery about Unlisted’s Issuers, we initiated the development of Issuer Profiles.These Issuer Profiles are freely available from Unlisted’s web site and are viewable online or can be downloaded in a printed form via a new link inserted on the home page of the Unlisted website.
Unlisted is currently providing this service for its Issuers for no charge.It is Unlisted’s intention to update the Issuer Profiles each year upon receipt of Issuer annual reports.The service could be extended out to Issuers on other markets or into a full research product if demand warrants.
Background Information
Unlisted is a trading facility that is not a registered stock exchange under the Securities Markets Act. All Unlisted Issuers are bound by the standard Unlisted terms and conditions, and their company constitutions. Also, all companies trading through Unlisted are subject to existing legislation, such as the Companies Act 1993, Fair Trading Act 1986, Securities Act 1978 and the Commerce Act 1986, as well as Common Law.
ENDS
For further information please contact:David Wallace on 0508 865 478
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Vehicle Inspection New Zealand (VINZ) Issuer Profile.
http://www.unlisted.co.nz/uPublic/un...cement_id=1958
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Skyline Enterprises Limited (SKYLINE) Issuer Profile.
http://www.unlisted.co.nz/uPublic/un...cement_id=1959
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Blue Sky Meats (NZ) Limited (BLUESKY) Issuer Profile.
http://www.unlisted.co.nz/uPublic/un...cement_id=1964
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Terra Vitae Vineyards Limited (TERRAVITAE) Issuer Profile.
http://www.unlisted.co.nz/uPublic/un...cement_id=1966
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