RE: Press report1 Feb 2019 23:29
I wouldn’t think any company is 100% up front with it’s investors, that’s just how it is. Look at Star, they have been beating the drum for god knows how long about a deal with Bosch, has the news been released NO, they think a new Nomad means better comms & more information on deals. It doesn’t mean shite!
We will as investors, be told what they are willing to tell us and when they are ready to tell us.
I have a good pension pot with a company I worked for, for a number of years, received a communication from the broker 4 weeks ago to say there is a circa £10 mill black hole in the pension fund & that they are going to fill the hole by taking £1 mill a year out of profits. No problem, but net profits are usually around £3 mill a year. Have they released the news to the market? NO, because if they did they know what will happen to the share price. It’s all a dirty business, and if I get my £18k back from this, I will count myself lucky.