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...
AGI Price at posting:
$2.26 Sentiment: Buy Disclosure: Held
