'We refer to the letter from the ASX dated 13 November 2024 outlining the following questions in italics. We have adopted the numbering in your letter and provide a response to each question below. 1. Does CVW consider the following information, or any part thereof, to be information that a reasonable person would expect to have a material effect on the price or value of its securities? “For the three months ended 30 September 2024, the after-tax claims experience loss (relative to the new assumptions adopted) was $6.2m (which has led to a corresponding reduction in profitability for our first quarter).”
CVW does not consider this information to be information that a reasonable person would expect to have a material effect on the price or value of its securities given the nature of its business, being life insurance.'
What a joke, how could they not think this wasn't price sensitive? The fall in the share prices how ridiculous wrong they were. Management have lost credibility big time over this, at the very least the communication was abysmal even if it does prove to just be a normal 'fluctuation'.
CVW Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
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