Re-reading ALL's press release of last Friday, they atttributed the profit downgrade of approx. $29 SOLELY due to the contract problems in Sth America.
After this announcement punters were again allowed to dabble in ALL
HOWEVER, management now admits that only $16mio of the profit downgrade was attributable to the contract probs. and the remainder due to falling margins.
Management must have known about the margin pressure when they made their press release last Friday (otherwise how did they arrive at the $29 mio profit downgrade number), yet chose not to inform the public.
This was clearly witholding information crucial to the share price performance and, as such, warrants full investigation by ASIC
ALL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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