Agree - the following article sums things up pretty well. (not taking into account any non disclosures)
https://aicd.companydirectors.com.au/resources/covid-19/boards-should-hasten-slowly-with-market-disclosure-on-covid-19
Boards should hasten slowly with market disclosure on COVID-19
In the context of current media reporting and other commentary regarding COVID-19 (coronavirus), there is a significant level of concern from listed company boards regarding continuous disclosure obligations and the timing for making ASX announcements about the impact of COVID-19 on their businesses. Our guidance is - hasten slowly!
Given the current level of uncertainty regarding COVID-19, supposition from listed companies creates a real risk of inadvertently misleading the market or spiralling into successive announcements as our understanding of the impact of COVID-19 continues to evolve over time.
ConclusionGiven that circumstances regarding COVID-19 are presently so uncertain, we are sceptical of any guidance suggesting listed companies should be hurrying to make ASX announcements.Some companies are clearly in a position to know already that the impact of COVID-19 is material for their business and will be able to make sensible disclosure in relation to it. However, for a significant proportion of listed companies, there may not be much that they can meaningfully say which is not already public information and, for many, they could potentially be leaving themselves open to regulatory and other litigious risks by moving with too much speed and not enough caution.
When they are ready, the announcement will come!
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