Hi Surf
The original agreement calls for Reddy's to supply a report 60 days after the quarter, not send a cheque.
This was changed to Reddys supplying a report 6 weeks after their quarter and paying two weeks after that.
Hence ACL would have been supplied the report on or around the 15th of May
Both Charles and Pete always informed the market the week after, look back over the last 2 years.
So why have they not release this data.
Two potential reasons
1. They want to couple good news with the figures to prevent a sell off, I suspect the figure will be lower than market expectation for the same reason as last year, due to seasonal buying patterns. A sell off so close to releasing Phase III results will help no one at least that’s what I would do if I was the CEO
2. The results are in dispute.
In the mean time I believe HHL are still accumulating, so they must be very confident.
- Forums
- ASX - By Stock
- fonda profits
Hi SurfThe original agreement calls for Reddy's to supply a...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TSN (ASX) to my watchlist
|
|||||
Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.409M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
TSN (ASX) Chart |
Day chart unavailable