Adacel delays result
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Adacel Technologies has taken the unusual step of delaying its interim results announcement, originally due yesterday, to Wednesday 27 February.
No reason has been given and we wouldn't want to speculate - except to say that companies tend to be keener to provide reasons for these things when they're good ones.
The market has responded with surprising equanimity, with the price dropping 2 cents following the announcement yesterday afternoon (at 3.18pm) and then bouncing up 3 cents again today, on low volumes.
We prefer to leave the market to play the guessing games, so we'll wait till we see the actual result before making any judgements about it. HOLD.
Disclosure: The author owns shares in Adacel.
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