RE: No news Monday.,23 Nov 2021 09:23
We were told yesterday that "Tuesday has historically been a favourite for AFC to release news".
Whilst there is, of course, the chance we will see something today, this comment seems to be purely based on the ABB RNS coming out on a Tuesday last week.
Let's look at the facts (an RNS release is easy to look back at after all).
Ignoring all the PDMR, Holdings and any other 'fluff' releases, there have been a total of 13 'newsworthy' (imo) releases this calendar year. Obviously, opinions will differ as to what is considered to be newsworthy.
Now, more than 1 a month (imo) is pretty good for a company this size that apparently does not communicate with its shareholders, but that is a different argument.
Of those releases, the numbers are: Mon (4), Tue (2), Wed (1), Thur (5) and Fri (1).
I don't for a second subscribe to the "X has a favourite day to release news", as companies are obliged to release material news as soon as possible (conveniently ignored by many), but if the above shows anything, it is that news can, and will come any time. 7am is much more likely than any other time of day though
gla