NTG national telecoms group limited

hey jfc or grant62, page-7

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    Hi Troskolo,

    Selling the Internal Lease Portfolio is a material transaction, both in terms of asset weight (ie: materiality of value) and given that it is being sold to a related party.

    The trading halt could be for that simple reason.

    If, however, the trading halt is due to some other influence (ie: event), then this could well impede Thursday's meeting (ie: if the ILP has any strings attached to it in terms of materially adverse change in circumstances, etc).

    It could also be the Annual Accounts, as you have suggested. But I doubt it, for 2 reasons:
    1)
    risk of impeding Thursday's General Meeting; and
    2)
    in 2001 and again in 2002, the annual reults were released on 13/9/01 and 11/9/02. In other words, tomorrow could well be a week early.

    There could also be some other event (ie: takeover, merger, etc), but again I doubt this to be the case. Reason: Surely they would move to postpone the General Meeting in those circumstances. Also, the language of the Trading Halt does not suggest something of this nature (ie: "request of the Company", as opposed to "following an approach to the Company, the Company has requested....").

    As you have already said, time will soon tell all.
 
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