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OzFools,

There are many of us out there who are chaffing at the bit for an Australian portfolio - be it a FF, RM or RB. I personally know about 15 people who would join in. It wouldn't take long to snowball.

Anyway - wrt to the criteria for RM's, I have a question. Australian annual reports do not seem to describe financial data the way the RM datasheet requires. eg. I can't find 'Net Income', 'short term debt', 'long-term debt', often can't find 'cash and equivalents'. This makes it difficult to analyse. An accountant told me that Australian General Accounting Principles are better and more thorough than the US? I assume that the info is there, but in a different format. Could those of you who have been through the RM process with an Australian company explain how you did it, and with what data?

Further, I would like to analyse which of the Australian banks to throw my hard earned incentives into, before I spend it! Which of ANZ, WBC, CBA or NAb comes out as the highest scoring RM?

Cheers
Nicholas
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