dubious timing of asx announcements

This from The Ferret this morning

"Around the Traps ... with THE FERRET
08:08, Friday, 20 May 2005

*************************

The ASX is going to be cranky with CELLNET (CLT).
On May 6 it queried the company over a fall from $1.49 to $1.25
and the answer came in monosyllabes - "no, "no", "no" and "in
compliance".
Investors who then bought the shares on the way back up to as
high as $1.48 on May 12 are going to be cranky, too.
This is because the company announced after the close of
trading yesterday that with six weeks of trading before the end of the
financial year it was now in a position to be able to say net profit
would "most likely" fall within the range of $7.3 million to $7.5
million.
As is depressingly common in these situations the company did
not provide the comparative figure for last year, which we had to go
look up and find it was $9.1 million.
Yesterday's shock news was preceded by a 7c fall to $1.31 on
much heavier-than-usual turnover.
The ASX may well have considered another query, particularly as
yesterday was the third fall in a row for the shares.
Chairman Darryl McDonough said a general downturn in the retail
sector had resulted in lower sales than expected."

Then

"Ferret's MARKET REACTORS - what's hot and what's not
12:12, Friday, 20 May 2005


CELLNET (CLT) down 24c to $1.07: Warned after the close of
trading yesterday that net profit for the year would "most likely fall
within the range of $7.3 million to $7.5 million". This compares with a
net profit of $9.1 million in 2003/04."

THEN the b*stards announce a deal with Toshiba..once those dissillussioned shareholders have bailed out at $1.07 and the price goes back over $1.30

12.12 pm 20/5/05 ASX Announcement
"CELLNET SECURES TOSHIBA CONTRACT
Cellnet Group Limited has today announced that it has secured a new IT
distribution contract w ith Toshiba Australia Pty. Ltd. (Information Systems
Division).
The new contract, effective from June 1 2005, has been aw arded by
Toshiba to Cellnet’s IT Wholesale division. The contract covers the
national distribution of Toshiba’s mobile computing products, data
projectors, portable storage and associated accessories.
Darryl McDonough, Cellnet chairman, said the Toshiba contract
represented a major boost to Cellnet’s IT business.
He said the Toshiba business w as expected to grow to $4 million in monthly
revenue and w ill be earnings per share positive. Margins in relation to the
contract w ill reflect similar profits obtained in general trading of the ITW
Division.
“This is an earnings positive contract that reflects Cellnet’s strengths in
value-added distribution,” he said.
“It is good news for the Cellnet Group and w e look forward to working
closely w ith Toshiba to grow their business in Australia.”
Cellnet Group Limited is a publicly listed company, w ith offices and state-ofthe-
art distribution infrastructure in all Australian capital cities and in
Auckland, New Zealand.
The company is a market leading Australian and New Zealand distributor of
information technology and telecommunications related products for some
of the w orld’s largest manufacturers in these tw o fast-grow ing industries.
ENDS. Media enquiries to Darryl McDonough. Tel: (07) 3292 7029;0414
569 302."