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Agin MnM wording is very misleading. People interpret...

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numbnuts01

632 Posts.

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16/02/24

09:53

Post #: 72437422
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Originally posted by WelshBuffett: ↑

One thing, I find interesting, is the use of "headline results phrase, in the September 2023 announcement. This update, which was effectively them informing the market that they had missed the deadline for the results (shock horror!). But by using the phrase in the announcement, it caused the stock to break the trading range and sent this thing upwards,to 12c. X4 SP.

When I entered at 3.5c, my view, was the company had knowledge that the results are being to good (this is what Mr market thought as well).

the big question is, some 6 months later, should that phrase have been used?! Did they really have any knowledge then tha the results are going to be good. The results aren't even published yet.

I suspect, if they came out and told the market that they didn't have results and there would be a delay in September, then this could be currently trading at 1-3c. But by using that phrase, it's given the SP a massive pump and easy AGM .

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Agin MnM wording is very misleading. People interpret "HeadlineResults" as good news.
However, this is NOT the case; as you can see the other day with CSL, they had "Headline Results" that came as a "Fail" and dropped the SP.

Any update would surely be a courtesy to all SHs at the very least

BIT Price at posting: 9.5¢ Sentiment: Buy Disclosure: Held
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