well many contractors have been downgrading recently - AJL is probably not immune. However, the step down in the share price suggests someone knew what is coming, and they've had to put in a trading halt to stop the rot.
Either way, you need to question the compliance process here and whether they are adhering to continuous disclosure - its not the first time they would have issues on this front (remember Nick Swans medical appointment?)
Given its taking them time to put out a "guidance update" I am guessing it will be more detailed than simply a lower FY14 EBITDA range. They will need to give more positive specifics on Cuadrilla workflow to offset any bad news and keep investor hopes up.
trading halt re guidance, page-5
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