Auckland International Airport Limited (AIA)

**Balance** · 12-03-2020, 04:48 PM

Originally Posted by Joshuatree

Trading Halt !!?

ZX Regulation (“NZXR”) advises that, at the request of the company, it has placed a trading halt on Auckland International Airport Limited (“AIA”) ordinary shares. The trading halt was placed at 3.59pm this afternoon.The trading halt has been put in place pending the release of an announcement by the company.
The halt will remain in place until the earlier of: • An announcement made by the issuer; or
• Market open on Monday, 16 March 2020.

Trading Update?

**mondograss** · 12-03-2020, 04:50 PM

Presumably an earnings downgrade. Frustrating that the NZX doesn't publish the request for the trading halt as well as their response like the ASX does. Often you can tell from the request why they're going into a halt.

**Joshuatree** · 12-03-2020, 04:53 PM

Hasn't hit the ASX yet only a "pause" there.

**bull....** · 12-03-2020, 04:58 PM

nz govt travel bans coming

**Balance** · 12-03-2020, 04:59 PM

Originally Posted by mondograss

Presumably an earnings downgrade. Frustrating that the NZX doesn't publish the request for the trading halt as well as their response like the ASX does. Often you can tell from the request why they're going into a halt.

They should just get on with it - that's what other companies do.

**mondograss** · 12-03-2020, 05:02 PM

Originally Posted by Balance

They should just get on with it - that's what other companies do.

To be fair it's a fairly fluid situation, they probably want the weekend to see what the fallout is from Trumps announcement and to crunch the numbers. But yes they should just come out and say that they're going to miss guidance and will update the market when they've figured out by how much.

**Joshuatree** · 12-03-2020, 05:04 PM

And try and slow the downward momentum on the s/p.

**Balance** · 12-03-2020, 05:14 PM

Originally Posted by mondograss

To be fair it's a fairly fluid situation, they probably want the weekend to see what the fallout is from Trumps announcement and to crunch the numbers. But yes they should just come out and say that they're going to miss guidance and will update the market when they've figured out by how much.

High multiple stock so any cut to EPS will be magnified many times in the sp.

Market has anticipated a lower profit already however so let's see what happens.