Hope - trying to cover up or justify the FEAR.
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November financial reports probably showed the ‘hoped for’ improvement didn’t happen.
So it’s back to basics and challenging /reviewing all internal forecasts taking into account updated knowledge on all drivers (input prices, selling prices, demand, forex etc etc etc ) and come up with a new forecast they can live with without being embarrassed in the future.
Been there, done that in the past
Tomm me old mate sometimes they end up with a higher forecast and you will be happy as .....but generally it ends in tears.
A serious question though, seems many have been convinced for months that downgrades come in 3’s , and with that being the case, if a downgrade is what eventuates, how much of that sentiment is already baked into the share price?
I guess it depends how much of a downgrade, it could remove a bit of the uncertainty that has existed from those who were convinced of a downgrade happening. Be good to get that out of the way and start moving forward.
Bad news is more likely but it could be good news too. And for some of us whose average cost is less than 4 bucks, it's not an issue at all :cool:
I always thought putting Babidge back in charge was a bad move and detrimental to the future of A2
Needed somebody with fresh eyes who could see where impending risks were and sort of be better prepared
At least he’s going soon ...Hearn needs to follow as well
After reading the ATM reasons for Halt letter to ASX ...it seems its not just continuous process ...they claim they have become aware of this new information which requires them to revise the guidance . They need time to process this new information and further information in the pipeline ( maybe ) . It has to be some new regulation which has suddenly become an issue which needs time to assess its impact on their sales etc ?
Simple downgrades dont require market Halt calculations for so long ....Seems more substantial then that . Fingers crossed ...it can still be positive news 1/5 chance ...:D
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).