RE: Hopefully news monday18 Aug 2018 15:08
Which external people exactly would they be talking to?
As explained in a previous post on Friday when this first all came about as the reason for the SP rise, companies need to maintain FCA records of all insiders who are excluded form discussing and trading when market sensitive information is known to them'.
There are wall-crossing processes in place if companies need to discuss price sensitive information with (e.g. brokers and other external parties, such as fund managers) and there market abuse controls around this also.
RNS announcements are now released securely and electronically, usually through a third party agency so the actual 'eyes' with access to any information is minimal, you have to be 'in the know' to actually know what detail is on them. An RNS can be pre-released to be 'announced' at a pre-determined time, but again, no one will have access to this.
Clearly, this is not infallible as people can, and do talk, often without meaning to. I have had experience of this in my past, but there are strict penalties for discussing market sensitive information and certainly buy/sell side firms will have processes in place surrounding this type of occurrence and ensure trading 'stops' are placed on a company if this occurs until any news is subsequently in the public domain.
Also, the FCA (and buy/sell side firms) do use tools to monitor trading for unusual activity, particular price movements (both up and down) prior to news announcements, so anyone trying to trade off the back of potential price sensitive information is likely to be flagged up to anyone monitoring for market abuse.
'Tipping the wink', or 'giving the nod' is all a bt of a fallacy in this day and age, AIM, or not.
IMO
gla