Ann: Appointment Of Non-Executive Director, page-26

Please take note of causation vs correlation. Today's Ann & SP run is pure (90%+) correlation.

If you had a lens for the broader market you would have noticed that pretty much all micro cap tech had an 5-10+% runs today.. I would name 5+ here but advertising etc.

More likely reason for the run is the new FY and it's time to load up with risk-on plays again. With this risk-on guideline we can also see the continued move from the value stocks today with the xjo declining slightly.

So while the Ann was great but not great enough for a 10% move, I wouldn't forecast a decrease in SP based just off a supposed misunderstanding of the value of the ann. I would rather consider how a micro cap tech position sits in the portfolios of fund managers at the start of the FY...