Somehow i doubt an earnings downgrade is going to be due to FX...

Somehow i doubt an earnings downgrade is going to be due to FX movements on debt, especially when the company is naturally hedged against this with the SG operations.

I guess Ex100 funds have to bail out to make for asx100 funds.

Thought i would post the other side of the coin which you probably forgot to include scorchin.

I think the management care about the company's share price too much given their interest in it and also the fact that the share price effectively determines how successful the business will be in the near future by determining the dilution factor when they raise capital.

This is noted by the following factors:
1. Management always seem to post broker updates when the share price moves downwards and often provide updates of broker forecasts even weeks after previous updates were provided.
2. They often update dividend amounts during times of uncertainty which usually supports the stock price.
3. The release investor presentations during times of uncertainty.

If you were to go back and look through announcement history and line these releases up with share price movements i think you will notice what I am saying.

In this case i have been thinking the sell off is harsh and overdone and i was thinking the best possible thing would be for them to report earnings tomorrow however we are still some way away from that yet. So potentially some good news to come to help support the share price again.

If there was bad news around I don't think they would release it just yet, especially given the timing of the trading halt i think management wanted to see how far it would bounce today and if they felt there was still weakness. If not I think they would have simply gone into a trading halt before the market even opened.

Just my thoughts, i guess we will know what happens by thursday morning.
Please DYOR.