Some more comments from analysis re: trading halt.No use...

Some more comments from analysis re: trading halt.
No use pretending......

We are still waiting on the trading update from Costa Group, which put its shares in a trading halt at $3.46 on Monday.

Bell Potter's Richard Coppleson notes the company has already issued several warnings this year. The first on January 10 when it warned of "subdued demand" for some of its products and an earlier finish to the citrus season than expected. Shares fell 39 per cent to $4.50 from $7.37. The second update on May 30 pushed shares down 28 per cent to $3.75 when Costa Group predicted net profit for calendar 2019 of $57 million to $66 million, due to weather and insect problems, well below Feburary guidance implying profits of $73.6 million. And thirdly the half-year results in August with a 7 per cent decline in profit pushed shares down to $3.01.

"So given this is effectively the fourth warning, stock will get smacked, but I'd say there will be a few bargain hunters that will come in once the dust settles on the premise that maybe they [think it is the] fourth and last warning (you never buy the first or second),'' Mr Coppleson wrote in a note to clients.

"So if they think this is the last then it will see buyers come in once they think the lows and majority of selling has been seen.