8 key tips around proposed changes to continuous disclosure regime to do with earnings guidance, analysts, forecasts and briefings

The ASX has released a consultation paper seeking input on its latest proposed changes to its continuous disclosure guidance (Listing Rules Guidance Note 8 Continuous Disclosure: Listing Rules 3.1 – 3.1B) (Guidance Note 8).

ASX published a major re-write of Guidance Note 8 in May 2013 (see our previous Alert) but is concerned that its updated guidance is not being correctly interpreted or applied by companies in relation to providing earnings guidance, dealing with analyst forecasts and estimates and investor and analyst briefings.

In this Alert, Partner Michael Hansel and Associate Katherine Hammond outline eight key tips from ASX's proposed revised guidance in relation to providing earnings guidance and how companies should deal with analyst and investor briefings, analyst forecasts and consensus estimates, and earnings surprises.