The lead up to the last three significant Ann each triggered a preemptive rally as bulls jumped on board in the expectation of good news and a long awaited re-rate.
Obviously these rallies all subsequently blew up in our faces, following (a) unexpected, bad news re H1 cash flows at AGM, (b) the unexpected 'non-update' financial update on 17 Dec, and (c) a trading halt and unexpectedly bad news re the FY update on 29 Feb.
In this context, are folks expected a rally in the lead up to Ann re possible deal with banking syndicate at end of March? I'm not suggesting there will be any unexpected or disastrous news coming from this Ann, but I'm wondering if people will be wary based on recent experiences?
RIP slater and gordon, page-4
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