Beagle and Couta have been mates for a while - they rib each other and if you read their comments, they may get heated but never vindictive and the comments are not grudge forming.
Don't attribute your own ill or hurt feelings to others when said feelings are not there.
Not sure what you are going on about me attributing my own ill or hurt feelings to others...
And I think you will find your opinion on Beagle and Coutas friendship is out of date
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 ...
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).
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 ...
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
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
[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 .
Originally Posted by Balance
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