So they knew about the issue for a full week and decided on the Thursday that it would impact results, then released the news on the Friday? Oh please. Hard not to be cynical about this.
The very heavy selling on Thursday afternoon occurred after they decided to revise guidance and not place the stock into TH. Someone on the mine site or in the senior leadership team clearly let slip (innocently I hope) to someone that they screwed the FY19 target. That kind of info is worth a lot of money in the wrong hands - and it clearly landed in the wrong hands.
Unfortunate for SBM as it taints the Board and gives us the embarrassing duty of responding to an ASX Aware letter... a task usually reserved for the dogs and minnows of the ASX.
Ann: Response to ASX Aware Query, page-2
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Last
24.0¢ |
Change
0.015(6.67%) |
Mkt cap ! $196.3M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 24.0¢ | 23.0¢ | $865.9K | 3.702M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 52553 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 845110 | 17 |
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