From the age website:
Small-cap fund managers struggle to recount the last time a company went into a trading halt when it had good news to report. But it has happened with G8 Education.
G8’s five-person board met on Tuesday and the directors thought it prudent to go into a halt while management came up with firm earnings guidance for the 12 months to December.
G8 is expected to provide earnings guidance above market consensus on Wednesday or Thursday, and lift the company’s dividend above the current payout of 5¢ a quarter.
While G8 does not have any guidance in the market, analysts expect the company to record $101 million EBIT in the year to December 31 and 10¢ a share in second-half dividends.
The news is likely to be well received by G8’s shareholders and analysts. When the company went into a halt at 2.11pm on Tuesday investors immediately feared a downgrade, and with the stock trading at 25 times forecast profit any earnings miss could have a pretty savage impact on the share price.
G8 Education raised $100 million in fresh equity at $4.91 a share on October 22. The shares have been sold since and traded at $4.26 on Tuesday before the halt.
Read more: http://www.smh.com.au/business/mark...re-strength-20141203-3lpxg.html#ixzz3Kn1zhSod
- Forums
- ASX - By Stock
- GEM
- Ann: Trading Halt
Ann: Trading Halt, page-15
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GEM (ASX) to my watchlist
|
|||||
Last
$1.33 |
Change
0.000(0.00%) |
Mkt cap ! $1.076B |
Open | High | Low | Value | Volume |
$1.35 | $1.36 | $1.32 | $2.986M | 2.241M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 8560 | $1.32 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.34 | 13364 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 8560 | 1.320 |
1 | 2500 | 1.315 |
3 | 4016 | 1.310 |
3 | 4432 | 1.305 |
6 | 19956 | 1.300 |
Price($) | Vol. | No. |
---|---|---|
1.340 | 2500 | 1 |
1.345 | 2500 | 1 |
1.350 | 3350 | 2 |
1.355 | 29687 | 3 |
1.360 | 33090 | 6 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
GEM (ASX) Chart |