I have same info as everyone else.
we all seem to agree that T/H relating to Update on Revenue usually bears poor news. That seems to be the generalisation of these announcements/ or the history of these things.
So I went looking to see if other coys request T/H because of a material improvement in Revenue.
Below is just one of these:
25 Sep 2017
"Gage Roads Brewing Co Limited (Company) hereby makes application for a trading halt on its securities, effective immediately, and provides the following information in relation to Listing Rule 17.1:
• The Company makes the request pending the release of an announcement regarding a major supply contract;
the announcement related to:
"“The supply rights to Perth Stadium will provide Gage Roads with unprecedented brand and product exposure that we expect will accelerate sales growth momentum through our existing channels to market.” Mr Hoedemaker concluded. "
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so it is entirely possible that we will get some good news.
positive news also gets T/H called, as well as bad news.
It's all about "materiality".
what also got me thinking, is that the announcement, whilst stating the T/H is " regarding an updated revenue guidance;" --- it may well actually relate to an updated profit and cash flow guidance !
given the wording "revenue guidance" we all presume it is strictly relating to sales performance.
But if sales have increased well beyond the latest guidance of 55% increase, then we can bet that cash flow will greatly benefit, and so will budgeted profitability.
So the Updated guidance may in fact be more relevant to profits or cash flow positive operations being achieved sooner than anticipated.
And THAT would be a material matter, which YOW would need to release to market.
and they would need to do that before shareholders were asked to vote on the change of control of the board.
cheers
(20min delay)
