Wednesday, 17 July 2013

The wet T-shirt: DJW's accidental transparency

On 4 April 2013, DJW was to submit its March NTA disclosure filings to the ASX. Showing its customary clouseauesque level of incompetence, DJW accidentally shared the wrong document, baring substantially more than was required or requested by anyone. The submitted twenty page document disclosed information not usually included in their public filings, detailed portfolio breakdowns and internal metrics. ASX soon deleted this more comprehensive document from their platform, replacing it with the correct and less revealing report, without giving any indication that there had been a inadvertent public exposure. By letting some investors, but not all, take part of this information, and then sweeping the whole thing under the rug, ASX and DJW probably breached disclosure laws. In this particular case, this is among the least of DJW's transgressions. For those with a morbid interest in DJW, the full report is included after the jump. 

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