Almost all these announcements - such as annual results, share buying by directors, profit warnings and updates on current trading - are required under stock exchange rules or European Union directives. This book explains these rules and shows how to make sense of the announcements; enabling investors and others to take informed decisions.
The book is divided into three sections:Section A looks at what the rules are, why they have been imposed and how they have evolved to give private investors a much fairer opportunity of competing with professional investors.
Section B lists and explains the routine statements that all companies issue on a regular basis: trading statements and profit figures. It tells readers what to look for, explains company jargon and shows how to read between the lines when all is not as well as it seems.
Section C considers important announcements, such as profit warnings and directors' share dealings, that are issued on an irregular basis as they arise. It explains which announcements are likely to affect the share price and why.
'Understanding Company News' is for all those baffled shareholders who throw communications from their companies straight into the bin and any investors who read company pronouncements but perhaps naively take everything they see at face value. And anyone working in related industries looking to untangle these company announcements will also find this book extremely valuable.
From the Author
Understanding Company News tells you what to look for and where to look. It tells you when information is released and how to spot it. It tells you what kind of information is useful and how to use the facts that are put before you, sifting out the verbiage from the gold nuggets. It explains what companies are obliged to tell their shareholders and what they try to obscure.
You learn to disregard the meaningless phrases that directors pour out and to grasp instead the hidden messages, especially the warning signs.
Above all, the book is packed with real examples of announcements released by companies, each carefully explained. These are grouped to illustrate the different types of statements that every company issues.
Understanding Company News follows on naturally from my first book, Shares Made Simple. Once you understand what stock market investing is all about you are ready to give yourself the edge over uninformed investors.
However, the book is not just for private investors. It is an essential tool for those aspiring to a career in the City including stockbroking, public relations and auditing.