So here we are Feb 17 and no report as yet that was due Feb 15. On their website they changed the date to 'Feb'. Given that the half-year results are likely to be quite downbeat as is EPS guidance for the full year, I think they are likely to announce the sale of Lounge Lizard, which could explain the delay.
If they have a buyer and a signed contract, they would know by now as it may take 6-8 weeks or so for other legalities, payment, title transfer etc. Therefore, I conclude that they are finalizing the sale contract which could possibly be announced together with the half-yearly results. This would explain the delay.
The original target to complete the sale of LL was March 30. Work 6 weeks back from that for legalities and you hit right about Feb 17, i.e. now.
KZL Price at posting:
30.5¢ Sentiment: ST Buy Disclosure: Held
