BCT 11.1% 0.5¢ bluechiip limited

Ann: Trading Halt, page-38

  1. 1,103 Posts.
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    Both sides have put a lot of money into it. Fact is that Labcon is not selling much of anything right now - given the ongoing constraints in the US - and building up stocks in times of uncertainty is not a smart working capital management idea.

    My guess is that they want to push volumes into 2021/2022 so by them markets are normalized and if it recovers faster they can bring it forward.

    In this case they will be doing the same to other suppliers of them.

    We shall find out tomorrow... but if this is a renegotiation of contract they better keep it on halt till a new agreement is in place as the last thing markets want is uncertainty.
 
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