One can only imagine how many sleepless nights the board members of highly rated Rural Funds Management racked up after being falsely attacked by an American short seller.
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Bonitas alleged RFM's $1.2 billion asset portfolio's true net asset figure was only about $268 million at the end of 2018.
The claim was preposterous, but it shows how easily the market can be manipulated. The RFM share price plunged by 50 per cent.
RFM makes a major contribution to the productive wealth of Australia, with widespread strategic investments across the nation.
The US-based operation is reported to have believed that as it was in the US, it was safe from Australian prosecution.
Found guilty in the NSW Supreme Court, one can hope it has the bucket thrown at it and shareholders who suffered are also compensated.
EXCUSE ME?
Did check the calendar to make sure it was not April 1, however, according to the ABC this one's on the money.
A Tasmanian woman has asked people walking bush tracks to resist the temptation to pick up a stick and use it as walking pole. Seems the very stick you pick up is the very one a nesting eagle, or something similar, needs to build a nest. So, be responsible you bush wanderers.
Interesting we are led to believe that stick nest-building birds are at it all year.
CAREFUL NOW
The Australian media has been hard at it, belting those companies that have underpaid staff - even though the said companies have outed themselves.
Being blamed is the complexity of workplace agreements and terms of employment that range for full-time permanent to temporary part-time.
In the middle is a veritable hotchpotch of work situations and age groups that would be difficult to program into payrolls.
Being touted is the scenario where all employees - even those at a management level - will have to clock in and clock off.
If this becomes a requirement of rural employment, it is not hard to foresee difficulties.
