Allied answers NZX

Allied Farmers said it was compliant with continuous disclosure rules after being asked by NZX Regulation why its share price had fallen to 5.6c on Friday.

NZX Regulation noted that the price had decreased 4.4c, or 44 per cent, since the close of trading on March 1 and the release of the company's half-year result.

Allied Farmers said it would be reasonable to assume that the decrease from 10c on March 2 to 7.6c on March 5 was the market's reaction to the half-year result announcement and revised asset value.