There has been no change in BCA prices before and after the trading Halt in NZ. (Trading started 2 hours earlier).
It did go back to $NZ3.05 earlier but recovered to reach $3.20; it is now $3.15 and has been on that price for the last 90 minutes.
Presumably it is waiting for OZ to open.
The feeling in NZ is that much of what was written off dates back to the merger and should have been written off then or in the first year after the merger.
Gerry
