RE: RNS logged5 Apr 2023 17:13
If something has been 'pre-logged' I am pretty certain that it will not even be visible on the official London Stock Exchange site until it has been released to the market. The RNS system is a secure password controlled electronic system and the whole point of it is that the 'news' is released to the whole market at the same time, not given as a heads up to the official LSE, MM's, etc before it is officially released, in line with Market Abuse rules.
Although it is possible to log something with a pre-timed future release date (e.g. 7am), the only way someone can know one has been logged is if they are party to the process (e.g. someone within the company preparing the news release, or the service provider that publishes their RNS releases), or if they have been told by someone involved in the chain of the process. Happy to be proved wrong on this (not the usual code 1, or MM's in the know claims).
GavinM claims there is a website where these are clearly visible 'if you know where to look' but he has never divulged where this is. I highly doubt this is true as others would have found it too.
I still call BS. The (very few) times he may been right have been when something is expected anyway and he usually never says what is coming, so if something does arrive he can claim to be right.
If we get nothing he can just claim that the 'logged' RNS was held back for some changes, or some other plausible (to some) excuse, such as something else is due to be released, or he will simply not post for a while.
But, you do not 'log' an RNS at 11am (as claimed here) and then not release it straight away as the detail would already have been signed off and there would be no reason to log it and not send it.
And why would they 'log' an RNS at 11am for release at 7am the next day, or after market close? It makes no sense unless someone who needs to sign off the wording is only available at a certain time (really stretching things though).
The Shell acquisition of ANGS 'lock, stock' on a successful side track was a big claim from GavinM. Let's see how that plays out - I am sure they would not be remotely interested in Brockham, Balcome, Lidsey, for example, only SFB.
Still highly sceptical of the 'logged RNS' claims without proof (which could potentially give someone away, so unlikely to be forthcoming).
Just my take, others will have their own view, and some will believe no matter what.
My slice of humble pie is getting cold with the wait!