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Some thing is wrong here with contradicting announcements from AEI.
1) On 31 Jan 2013, the company provided Profit Guidance Annoucement which stated that "operating performance for the financial year ended 31 December 2012 (“FY 2012”) (before adjusting for provision for impairment and negative goodwill arising from acquisition) is expected to be significantly
lower than that in FY 2011.
The following factors contributed to the under performance in FY 2012 results"
This has resulted in the share price shank almost 30%.
19 Days later, The company announced that a FY Result that completely contradicted with the previously profit guidance announcement.
http://info.sgx.com/webcoranncatth.nsf/V...40007F479/$file/AEI_Ann_Profit_Guidance.pdf?openelement
Some people could have lost money selling their share too early and who knows someone could have been lurking patiently to buy their shares and made good money too.
Few questions are:
1) Is the legal for AEI to do so ?
2) What is likely SGX will do if they are informed ?
1) On 31 Jan 2013, the company provided Profit Guidance Annoucement which stated that "operating performance for the financial year ended 31 December 2012 (“FY 2012”) (before adjusting for provision for impairment and negative goodwill arising from acquisition) is expected to be significantly
lower than that in FY 2011.
The following factors contributed to the under performance in FY 2012 results"
This has resulted in the share price shank almost 30%.
19 Days later, The company announced that a FY Result that completely contradicted with the previously profit guidance announcement.
http://info.sgx.com/webcoranncatth.nsf/V...40007F479/$file/AEI_Ann_Profit_Guidance.pdf?openelement
Some people could have lost money selling their share too early and who knows someone could have been lurking patiently to buy their shares and made good money too.
Few questions are:
1) Is the legal for AEI to do so ?
2) What is likely SGX will do if they are informed ?