Originally Posted by
Icarus2001
A trading halt. Hilarious. What happens one minute after the market opens on Wednesday? The market reacts to the announcement which caused the trading halt. No way to avoid a market reaction. You can tell lies to the media all day long but the share market finds its own reality.
Good luck.
They are required to call a halt under the exchange rules when there is a material change to the companies finances be it results or promulgated outlook. Interestingly most halts for companies I have been watching tend to see an announcement the morning after the halt, most be struggling on the content and how to spin it, maybe something along the lines that they expect another loss now but in good news they sold four SAABs to Air Chathams???