A theory - the selling yesterday smelt like a big forced seller, and the volume was huge. What if the recent share price weakness triggered a margin call on an insider that had previously borrowed against their shareholding? Insiders can't sell in the lead-up to a profit announcement, but can do so immediately after it is announced. This co has some big shareholders that are inside the co.
I put this theory because the incremental bad news (over and above the Feb 14 announcement)in yesterday's results didn't seem sufficient to trigger such a large fall, in my opinion. Most of the bad news was revealed on Feb 14.
ASZ Price at posting:
37.5¢ Sentiment: Hold Disclosure: Held
