znh supended

tommylimerick

hi i have some share in china southern airlines but today i notice that they not trading
i rang my stock broker and he said they have been suspened
why would a company be suspended from trading
is my money gone ?

neris

any number of reasons they could be suspended search the stock news sites. Depending on the reasons for suspension money may or may not be gone totally.

tommylimerick

thanks neris
i can t find any news on them
on yahoo it just says china southern airlines halted news pending
i have a bad feeling about this

drimadrian

Trading was halted today pending the release of material news.

http://www.nasdaqtrader.com/Trader.aspx?id=TradeHalts

Normally a T1 halt is fine as it is requested by the company. GLTU.

drimadrian

Here's the news:

http://www.thechinaperspective.com/articles/chinacorporaten-9444/

tommylimerick

thanks for your reply drian
i hope it is good news as i have a good bit invested with them

tommylimerick

they have changed the 1 yr target est to 265 from 41
even though last trade was 22.09
that sounds good

hmmm

tommylimerick wrote: »

thanks for your reply drian
i hope it is good news as i have a good bit invested with them

This is a high risk stock, frankly you should reduce your exposure if you're concerned about losing money.