MCE 0.00% 33.0¢ matrix composites & engineering limited

You could be right manny - certainly a halt while the share...

  1. 139 Posts.
    You could be right manny - certainly a halt while the share price is being hammed suggests bad news, but I don't think it is correct to assume that trading halt = bad news. If I was on that board watching the SP get hammered on Mon / Tue when I knew there was some positive news (eg nameplate capacity, growing order book), I'd be telling Aaron to put it out in the market or if he couldn't do that immediately, to seek a halt and get it out ASAP. The continuous disclosure obligations on the board apply to the disclosure of good and bad news. The trading halt is simply a tool to buy management some time. Not closed minded about bad news, but I struggle to see what it could be given the disclosure in the half yearly pressy. The suggestions in your earlier post: "Of course they will be booking a big loss, retrenching staff, write downs etc the usual story." did not make much sense to me in the context of what has already. Even released to the market,
 
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Last
33.0¢
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Mkt cap ! $71.35M
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32.5¢ 33.0¢ 32.5¢ $5.273K 16.07K

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2 17999 32.5¢
 

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33.0¢ 148 1
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Last trade - 14.10pm 05/07/2024 (20 minute delay) ?
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