Because it is market sensitive news and if they don't follow proper procedures they will get slapped an ASIC fine.
The process is to halt the stock as soon as news is available to management and prepare statement to avoid leakages.
Trading Halt, page-146
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Last
$5.19 |
Change
-0.130(2.44%) |
Mkt cap ! $3.757B | |||
| Open | High | Low | Value | Volume |
| $5.26 | $5.29 | $5.19 | $21.70M | 4.165M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 11002 | $5.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.23 | 19654 | 8 |
View Market Depth
| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| A2M (ASX) Chart |