trading halt, page-2

Relax worrior. My best guess is that its to do with the
management rights spin off (see CIY news for more detail).


As they said in the recent profit upgrade. If this deal with CIY comes off in time, the profits from it will be booked to this years figures.

Quote: " The directors said there would be a further contribution to the
year's profit from Sunland's joint venture with City Pacific Ltd through
the creation of a new publicly listed vehicle in April."

Supposedly floating in April they would want to get cracking on it.

My view is that this extra profit has not been factored in to the share price yet. Not by a loooong way.

SEVENTHWAVE