Australian (ASX) Stock Market Forum

GYG - Guzman y Gomez

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GYG got a please explain from ASIC about the lack of guidance.

The response is a jumbled mess.

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To be fair to the Burrito Business, they are replying to the moronic request from the ASX, partially asking about any potential variance between sell side analysts predictions consensus and actual corporate results. Just stupidity, if there is a variance ask the analysts why they got their forecasts wrong. This concept that a company misses earnings if the analysts are wrong (again) does my head in. Alternatively the ASX could write a letter to investors asking why they take any notice of analysts consensus forecasts given their historical inaccuracy!

Performative twaddle from the ASX.
 
galumay said:
To be fair to the Burrito Business, they are replying to the moronic request from the ASX, partially asking about any potential variance between sell side analysts predictions consensus and actual corporate results. Just stupidity, if there is a variance ask the analysts why they got their forecasts wrong. This concept that a company misses earnings if the analysts are wrong (again) does my head in. Alternatively the ASX could write a letter to investors asking why they take any notice of analysts consensus forecasts given their historical inaccuracy!

Performative twaddle from the ASX.
Click to expand...

Four pages of a moronic request.

2.3 If paragraphs Error! Reference source not found. and Error! Reference source not found are not applicable, the date when the entity first became aware with a reasonable degree of certainty that its expected earnings for the relevant reporting period would vary from, or be in line with, GYG’s earnings for the prior corresponding period.

:oops:
 
Sean K said:
Four pages of a moronic request.

2.3 If paragraphs Error! Reference source not found. and Error! Reference source not found are not applicable, the date when the entity first became aware with a reasonable degree of certainty that its expected earnings for the relevant reporting period would vary from, or be in line with, GYG’s earnings for the prior corresponding period.

:oops:
Click to expand...
Ooops data entry guy in Bangalore or wfh on 4 different jobs in a Melbourne suburb forgot one entry.
But we feel confident in the safeguard in place and the big stick guy😉
 
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