Recent Trading Activity, page-69

Periculum - I agree with you that publicly listed companies should be transparent regarding their activities - within the legal requirements set out.

But on the other side of the coin, there are sensitive issues (too loosely covered by the legal expression "commercial in confidence" I'd suggest) where public knowledge of them could put the company concerned at a disadvantage (i.e. in respect to competitors and/or predators).

The other (sorta related) aspect is that the jungle in which publicly listed companies find themselves living in is also inhabited by fund managers, family offices, stockbroking firms, algorithm operators etc (and God knows else) who aren't required to meet even the minimum disclosure standards imposed on publicly listed companies (other than perhaps to their own bosses).

So, within the limits of the law, I reckon we should cut publicly listed entities a bit of slack and provide them with just a bit of "discretion" on the issue to help level up the playing field a little. If you want to win at poker, your chances are fairly slim if everybody at the table knows exactly what cards you're holding.