Taking the glass half empty approach, I wouldn't be surprised if this announcement is a precursor to the CBI's decision to place further restrictions on growth in December. Glass half-full approach would be that the FCA would rather have a wait and see approach to EML's remediation and would rather wait for the third party audit of their compliance risk management and subsequent green light from the CBI.
Investors selling out today would probably see the risk on, and would much rather exit at significant losses.
Ann: Update on Regulatory Matters, page-55
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Last
62.5¢ |
Change
-0.020(3.10%) |
Mkt cap ! $237.6M | |||
| Open | High | Low | Value | Volume |
| 64.5¢ | 64.5¢ | 61.5¢ | $722.7K | 1.152M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 80399 | 62.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 63.0¢ | 55661 | 12 |
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| Last trade - 15.48pm 08/10/2024 (20 minute delay) ? |
| EML (ASX) Chart |