Jun 29, 2017

Mayne: Aveo, Fairfax and Ten all need to fix their disclosure

Fairfax has slammed aged care provider Aveo for lack of disclosure, but the media company needs to check its own backyard.

Stephen Mayne — Journalist and Founder

Stephen Mayne

Journalist and Founder

Fairfax Media have given besieged aged care provider Aveo front-page treatment again today because there were some share purchases by insiders the day before the company announced a $143 million share buyback on Tuesday morning.

It certainly does raise eyebrows, particularly since some earlier modest share purchases by the largest shareholder in Aveo had not been properly disclosed to the ASX.

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Leave a comment

2 thoughts on “Mayne: Aveo, Fairfax and Ten all need to fix their disclosure

  1. Barbara Haan

    I’m not holding my breath waiting for the fed. govt., ASX or ASIC to take a real stand against the “conflicts of interest, related-party transactions and potential breaches of media ownership laws”. Mitch Fifield and the LNP are all for the system being rorted.

  2. AR

    What the mudorc wants, the mudorc gets.

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