crazy there are many scenarios that can arise.... however the most crucial event is a downgrade to guidance in the next 2 weeks...
the laws on disclosure are technical and complex and integrate fixed and interpretation rulings
your scenario of 9% miss to guidance...
rule in terms of extent of surprise (your basis) to guidance is as follows:
- <5% no disclosure required
- >10% disclosure required
- 5-10% varies case to case
rule in terms of misleading the market
- misleading market of their likely earnings... this is open to interpretation however AGI stated a minimum PBT of 56m for FY17 guidance... hence anything below will constitute misleading the market ... even 1% below.
so they would have to update or head to the courts
in fact in 2015 this scenario played out ....
- Guidance of growth on pcp revenue of 244m in 1H15 presentation
- trading update early June 15 stating revenue will miss 244m by 2% ... not 10, 9 , 8, 7 .... % just 2%
as how it all unfolds depends on event and share price at the time...
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Last
93.0¢ |
Change
0.008(0.81%) |
Mkt cap ! $310.6M |
Open | High | Low | Value | Volume |
93.0¢ | 93.0¢ | 93.0¢ | $5 | 5 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 2884 | 89.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
93.0¢ | 316 | 1 |
View Market Depth
No. | Vol. | Price($) |
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4 | 2884 | 0.895 |
2 | 2066 | 0.890 |
2 | 47533 | 0.870 |
1 | 8888 | 0.855 |
1 | 625 | 0.800 |
Price($) | Vol. | No. |
---|---|---|
0.930 | 316 | 1 |
0.950 | 2000 | 1 |
0.960 | 400 | 1 |
0.980 | 10000 | 1 |
0.990 | 6429 | 1 |
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