Algonquin Power & Utilities Corp. has announced:
that the issuance of fourth quarter and year-end financial results previously scheduled for today, and the conference call previously scheduled for 10:00 a.m. eastern time on Friday, March 6, 2015 have been rescheduled. APUC now plans to release 2014 fourth quarter and year-end financial results on Thursday, March 26, 2015 after market close. APUC will hold an earnings conference call at 10:00 a.m. eastern time on Friday, March 27, 2015, hosted by Chief Executive Officer, Ian Robertson and Chief Financial Officer, David Bronicheski.
Well, at least they’re confident that they know the names of the CEO and CFO! That’s a good sign!
Further:
In an emailed statement to Inside the Market prior to the post-market release from Siskinds, a spokesperson commented, “We have rescheduled the release of our year-end financial results in order to allow our auditors to complete their audit work. … We are continuing to work with our auditors to finalize the results.”
So there’s the smell of fat fees in the air:
Siskinds LLP today announced that it has commenced an investigation into the accounting and other practices and disclosures of Algonquin Power & Utilities Corp (TSE:AQN).
Siskinds LLP is evaluating a possible class action on behalf of persons who purchased shares or other securities of Algonquin Power & Utilities Corp.
Common stock holders panicked, sending the price of common down 9%, with volume five or six times the February daily average.
But the preferred market yawned. AQN.PR.A was quoted at 21.95-14 today compared with 21.87-00 yesterday; AQN.PR.D closed at 25.00-05 compared with yesterday’s 25.15-40.
Volume was no great shakes either. AQN.PR.A traded 6,645 shares today, higher than normal, but nobody could call it a deluge (unless, of course, they were a rigorously supervised and extremely dedicated Toronto Stock Exchange market maker, of course); AQN.PR.D traded 6,700 shares, again higher than normal, but somehow, through heroic efforts and the tough but fair supervision of the unsung heroes in the highly efficient Toronto Stock Exchange Market Maker Supervision Department, the market maker managed to cope with the torrent.
I will confess to some curiosity regarding the reason for the delay in financials. We will see!
This entry was posted on Friday, March 6th, 2015 at 8:26 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed.
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AQN.PR.A & AQN.PR.D Unaffected by Common Panic
Algonquin Power & Utilities Corp. has announced:
Well, at least they’re confident that they know the names of the CEO and CFO! That’s a good sign!
Further:
So there’s the smell of fat fees in the air:
Common stock holders panicked, sending the price of common down 9%, with volume five or six times the February daily average.
But the preferred market yawned. AQN.PR.A was quoted at 21.95-14 today compared with 21.87-00 yesterday; AQN.PR.D closed at 25.00-05 compared with yesterday’s 25.15-40.
Volume was no great shakes either. AQN.PR.A traded 6,645 shares today, higher than normal, but nobody could call it a deluge (unless, of course, they were a rigorously supervised and extremely dedicated Toronto Stock Exchange market maker, of course); AQN.PR.D traded 6,700 shares, again higher than normal, but somehow, through heroic efforts and the tough but fair supervision of the unsung heroes in the highly efficient Toronto Stock Exchange Market Maker Supervision Department, the market maker managed to cope with the torrent.
I will confess to some curiosity regarding the reason for the delay in financials. We will see!
This entry was posted on Friday, March 6th, 2015 at 8:26 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.