brad, as an aside. Did you see it reported yesterday that ASIC are supposedly looking into BAL trading and disclosures?
I found that interesting as there are similarities with SGH. At the AGM Bellamy reaffirmed all is well and then weeks later gave a profit downgrade. I don't follow Bellamy, just taking that secondhand.
Given disclosures are a major part of the SGH class action, BAL is an interesting development worth watching. ASIC were in the Slater & Gordon camp throughout the period of alleged disclosure issues and yet despite a similar circumstance of withdrawing guidance shortly after AGM it would appear ASIC had no reason to comment on S&G guidance and disclosures.
SGH Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
