The stock market17 Feb 2021 20:04
Just wanted to take a moment to reflect on the crazy world known as 'the stock market
Our of curiosity i thought I would take a look at todays LSE top risers.
No' 1 is a new floated today so will not look at that
At No' 2 we have AIG which got a 60% rise. Why, because they released an RNS that says they will release financial results in April. That is literally all it says and 'the stock market' decides this makes that company 60% more valuable, some £7 million more.
We say we have signed a contract that doubles the income an arm of the company made in the entire of last year and grantees 35% of our annual T/O for this year in mid Feb and the good old 'stock market' says this does not add any value to the company at all?
There, sorry moan over, feel better now, thanks for listening if you did.
Tomorrow is another day and hopefully one that brings be back some of my faith in the stupid ****** up world of the stock market. Our time will come.