BAL Bloodbath, page-81

Paywall wasn't there this morning, here's another website sourcing from The Australian.

Weekly Times

THE corporate regulator will review trading in Bellamy’s Australia shares before the infant milk formula group issued its shock profit warning last week that stripped half a billion dollars from its market value as its stock sank 50 per cent, with the chairman vowing to restore investor confidence in the company.

The review by the Australian Securities and Investments Commission is not formal at this stage, but trading volumes and continuous disclosure issues will be inspected, especially as Bellamy’s earnings warning — which sent the shares crashing — happened only seven weeks after the AGM, where guidance was not altered, The Australian reports.
One quarter of the Bellamy’s share register turned over on Friday as a revised revenue outlook triggered by looming regulatory changes in China sent investors into a panic and punished the high-growth stock.
Bellamy’s, trading as high as $16.50 this time last year, collapsed to a low of $6.80 on Friday and eventually closed 43.52 per cent lower at $6.85. Investors lost none of their worries over the weekend and yesterday Bellamy’s fell a further 29c, or 4.23 per cent, to close at $6.56 — a 15-month low.

One of those caught in the dramatic selldown was Tasmanian entrepreneur and Kathmandu founder Jan Cameron, who is said to have lost more than $50 million in the panicked selling.
Ms Cameron’s Elsie Cameron Foundation, which donates tens of millions of dollars to conservation and animal welfare projects, is a shareholder in Bellamy’s.

Read more at The Australian