I'd be surprised if a lot of these speeding tickets aren't automated, and if not, they should be. Continuous disclosure is the price of doing business on the ASX, and that's a good thing. Without it, retail would be fleeced all the time. The ASX aren't saying, 'hey, you can't go above this price'. They are only saying, 'hey, is there anything you haven't told the market that would explain this price rise'. I think the please explain letter was fair enough.
IBG's explanation was what I'd expected. Its basically gone up on Downer and Cahill. And why wouldn't it. As others have said, I can't imagine them boarding a dud train.
IBG Price at posting:
4.9¢ Sentiment: None Disclosure: Held
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