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Nairaland Forum / Nairaland / General / Investment / Always Check This NSE Report Before You Invest In A Stock (421 Views)
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Always Check This NSE Report Before You Invest In A Stock by Obaabuja: 10:14am On Oct 28, 2015 |
The X-Compliance Report gives details on the compliance activities of listed companies with The Nigerian Stock Exchange Listing Rules. The rules are designed to maintain market integrity in the interest of investors. The X-Compliance Report provides information on: Early Filers of Audited Accounts Delinquent Filers Of Audited Accounts Delinquent Filers of Quarterly Reports Released Financials Companies that are operating below listing standards (BLS) Companies with free-float deficiency Companies that breach Listing Rules Enforcement actions against companies Companies slated for delisting Applications for new listings Applications Approved by the quotations Committee Disclosure of information by companies is important to help investors make decisions. Timeliness is one of the qualities of information that enables efficient and effective decisions-making. The NSE requires companies to file its end-of-year audited accounts within three months after the end of the company’s financial year, quarterly reports must be filed within thirty days after the end of the quarter. A company that does not comply with the Listing Rules and has a symbol ‘BLS’ (Below Listing Standard) will be sanctioned by the NSE and runs the risk of being delisted. Investor should proceed with caution before investing in such companies. The report is also relevant if you already own shares. The level of a company compliance with Listing Rules is one of the outward manifestation of its quality of governance. This will eventually impact negatively on its bottom line and share price. Companies that are sanctioned by the NSE has to report such sanctions in its audited financial report. The X-Compliance Report is on the Nigerian Stock Exchange website and it is updated every Friday. From: http://www.halalstocksnigeria.com/blog/always-check-this-nse-report-before-you-invest-in-a-stock/ |
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