What difference does it make if it is in the morning or in the evening?
If anything, at night we get a chance to read it and digest it overnight. This is in stark contrast to a shocker being announced a half hour before open, which if you are like an average punter you have a day job and dont have time in the morning.
The profit result is a little worse than they previously announced; however, the wheels aren't falling off from what I can see.
'Nov 8 (Reuters) - ADA) :SEES FY2019 PBT TO BE 25-35% BELOW FY2018ANTICIPATES THAT PROFIT BEFORE TAX FOR H1 2019 WILL BE ABOUT 65-70% LOWER THAN PRIOR REDUCED FY FORECAST INCLUDES ADDITIONAL INVESTMENT IN R&D, SALES AND MARKETING CAPABILITIES, FOREX MOVEMENTS'
Just my opinions, so DYOR.
Ann: H1 FY2019 Results Announcement, page-8
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