ASX All Ords share BWX tipped to start trading next week after 3-month trading halt

All Ordinaries Index (ASX: XAO) share BWX Ltd (ASX: BWX) hasn’t gone anywhere for nearly three months, but that could be about to change.

The beauty company suspended trading of its stock in late August amid confusion over certain revenue recognition issues for financial year 2021 and financial year 2022.

The BWX share price last trading at 63 cents – 85% lower than it was at the start of 2022.

For comparison, the All Ords fell 9% over the eight months ended 31 August.

Let’s take a closer look at when the market might expect the All Ords share to return to trade.

Shares in All Ords company BWX to return to trade

The BWX share price could be set to kick off for the first time in three months next week.

The company now expects to drop its audited financial year 2022 results on Monday before returning to trade on Tuesday. The latest update on the saga was released earlier this week.

The confusion over its earnings meant it wasn’t sure whether it met its previous guidance.

It also meant the company might have needed to restate its earnings for financial year 2021 and the first half of financial year 2022. Though, that wasn’t mentioned in its most recent update.

Its earnings were initially expected to be released in late September. That was later pushed back to late October before being delayed once more last month.

The company also deferred its annual general meeting (AGM) due to the delay. It hasn’t yet announced when the meeting will go ahead.

BWX develops, manufactures, and distributes natural beauty and wellness products under brands including Sukin, Andalou Naturals, and Mineral Fusion.

No doubt many will be watching BWX shares next week to see how the market reacts to the All Ords stock’s extended halt and financial year 2022 results.

The post ASX All Ords share BWX tipped to start trading next week after 3-month trading halt appeared first on The Motley Fool Australia.

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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BWX Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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