In yet another example of what looks like insider trading, Austin Engineering has requested a trading halt after the company said a recent slump in its share price was likely as a result of news around a proposed acquisition and upcoming earnings downgrade being leaked.
“The company is in advanced negotiations in relation to a material acquisition and, at the same time, is preparing a trading update which is likely to disclose that current full year earnings will be materially lower than market guidance and consensus estimates,” the statement to the ASX this morning reads.
“The company was relying on listing rule 3.1A not to announce that information, but in light of recent trading in its shares, considers that confidentiality may have been lost and accordingly intends to request a trading halt pre-open 19 May 2014, pending an announcement concerning the proposed acquisition and revised profit guidance.”
Read more: http://www.smh.com.au/business/markets-live/markets-live-china-property-fears-20140519-38ilv.html#ixzz327GgAvPN
example of the rule
-
- There are more pages in this discussion • 135 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add KAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.78 |
Change
-0.020(1.11%) |
Mkt cap ! $1.426B | |||
| Open | High | Low | Value | Volume |
| $1.79 | $1.80 | $1.76 | $7.106M | 4.003M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15683 | $1.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.78 | 25444 | 2 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| KAR (ASX) Chart |