hope im not the only one celebrating xmas
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Hm.. Could it be some of the shipments are detected with covid-19 and they are investigating it and that is the reason they put on a Trade Halt for 3 days ???
I am expecting the market should be flooded and booked in all SELL by now. But it is not , only 1 person with a big volume ( maybe Options expires day for him).
Well some degree of bad news has been priced in (down from recent high), so it could surprise on the upside.
This isn't a simple downgrade - betcha they've found after reviewing the November reports what they had been really hoping to improve / come right hasn't eventuated. Betcha things have gone bad and they can't wait until the half year is up before they disclose how bad things are.
It's back to the drawing board and revising all forecasts with an open mind and come up with numbers that reflect reality ....not hope ... can't afford to get it wrong this time around.
Not unusual for trading halts to last a day or two in these circumstances.
I've been there and done that
[QUOTE=winner69;862928]This isn't a simple downgrade - betcha they've found after reviewing the November reports what they had been really hoping to improve / come right hasn't eventuated. Betcha things have gone bad and they can't wait until the half year is up before they disclose how bad things are.
It's back to the drawing board and revising all forecasts with an open mind and come up with numbers that reflect reality ....not hope ... can't afford to get it wrong this time around.
My point being that when last downgrade came 8:30 AM 28th Sept ...they didn't need Halt ...so why now ?
As then it was more of a sales issue which they could see happening ...they forecasted after 3 months gone . ASM was 4.5 months gone ...all ok was given . Now 5.5 months gone ...needs 3 days of calculations !!!
My 2C is that it involves some new development which was sudden and now they incorporating in their future calculations .
Still 5% chance of positive news ...lol