I find their announcement policy confusing. It’s possible they won’t announce anything at all - even if the results are published in the trade section of their website (assuming the results are not judged to be price sensitive). Maybe they don’t want to get into a situation where the business is judged by the market solely in terms of the latest auction result? That’s all very well, but the auctions account for a high proportion of their annual results, and so inevitably the market can only make rational decisions if it’s aware of the results on the same basis as traders.
ATP Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
