Often its for capital raises or some other type of bad news and they need money from shareholders as a result.
Im cautiously optimistic
Some potential bad news
1. Not meeting guidance
2. Key personnel leaving like Peter Nathan
3. Incoming CEO changed his mind (never heard of that happening)
The reason I am optimistic is that none of the above would not require a trading halt. Since I have been a shareholder (late 2017) I don't think the company has ever done a trading halt. All the above items could easily be released pre market.
The only reason they couldn't be released pre market is if it was something sudden. For example Peter Nathan leaving would not be a sudden decision ( and I doubt they would put a trading halt for that). So I am cautiously optimistic that its either a large acquisition or a takeover offer.
Trading Halt, page-7
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Last
$6.10 |
Change
0.035(0.58%) |
Mkt cap ! $4.380B | |||
| Open | High | Low | Value | Volume |
| $6.06 | $6.11 | $6.04 | $4.686M | 771.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 25042 | $6.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.10 | 109617 | 19 |
View Market Depth
| Last trade - 15.58pm 07/05/2024 (20 minute delay) ? |
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Last
$6.10 |
Change
0.035 ( 0.58 %) |
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| Open | High | Low | Volume | ||
| $6.08 | $6.11 | $6.03 | 348783 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| A2M (ASX) Chart |