"The reason for the trading halt is that Coffey anticipates making an announcement in relation to the Strategic Portfolio Review currently being performed by its newly appointed Managing Director.
Following the Price Query received from the ASX on 3 June 2011, Coffey has accelerated its review and key stakeholder consultation processes relating to this Strategic Review to enable briefing of the Board and announcement to the market by Wednesday 8 June 2011."
Should be interesting. Might mark a change in direction for the SP.
GC
COF Price at posting:
45.9¢ Sentiment: None Disclosure: Not Held
