Thanks for your perspective .
As per me any news about admitting financial or accounting misrepresentation is the worst news possible . Sales or guidance lowering will not be that moving . Profit upgrade is out of picture ...lol
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Yeah, and at the end of the day, the notices did say the halt would be lifted in time for opening of both exchanges on Monday morning, if not before, which basically answered my question.
My question stemmed from the fact that one exchange may be unfairly advantaged if the lifting of the halt happened while the other was closed, but probably doesn't make much difference at the end of the day. Imagine if the lift happens on Monday morning, the NZX opens with ATM at $12 and things get progressively worse over the next couple of hours, say down to $10 at which point ASX opens - the kiwis have had the opportunity to potentially offload at ~$2 more than our Aussie brethren...shame that. Could go the other way of course, with the NZX being closed and ASX open, or we may have undue panic with a big low before the market further digests the news and the SP does the dead cat bounce just in time for the ASX open...
With all this in mind, I'm predicting a mid afternoon lift of the halt today ;)
Longer the Halt stays ...worse the outcome becomes .
If they lift today then its better then Monday morning automatic time lapsed lifting !!!
What new information can be so time consuming to digest for them ...Financial misrepresentation of the past can be time consuming to work out ...Can be very bad for SP ( worst outcome )
New channel partner promising extra revenues ? Working out or integrating his projections with their own ...can be time consuming !
Simple profit downgrade or sales difficulties surely is not the issue here
Mmh ... you seem to assume that only the sellers get the relevant information? This is not how the markets are supposed to work.
If you think about it - it makes no difference whether they release their info during or outside of trading hours as long as everybody has the same information. Obviously - it would be nice to keep the trading halt at least for an hour or so after the release to give everybody a chance to read.
My guess would be the news either gets released within the next 30 minutes ... or Monday morning before trading starts with Monday morning in my views the more likely candidate - gives them the weekend to dot the i's and cross the t's.
Obviously if it starts leaking somewhere and they need to react, than anytime would be possible.
Does it matter? Aussies can trade on the NZX and vice versa.Quote:
Could go the other way of course, with the NZX being closed and ASX open, or we may have undue panic with a big low before the market further digests the news and the SP does the dead cat bounce just in time for the ASX open...
Sometimes trading halts are extended ....and sometimes a stock is suspended for a period of time.