RE: One positive rns10 Mar 2026 22:54
IF an RNS does in fact land then we MUST read the full RNS and understand exactly what has been said and what could follow. For example, if there is clear confidence that significant cash/revenue/capital will be due as a result then that will at least give us some confidence that a good re-rate would be due.
That might all sound very obvious, but look what has happened tonight over in CLCO. Nobody was to know, but those chasing the spike at 2 bags now going to be underwater tomorrow after that trading update because it was then proceeded by a placing after hours. They had minimal cash, and currently that is a concern Mirriad is facing too, hence the NEED for sizable numbers in any potential RNS.
Avoiding sugar-coating the RNS will help avoid P+D's, at least to a partial extent. Unless of course it is a fantastic RNS in which case yes a significant rise would be due, and it likely wouldn't be a P+D in any case and a good healthy rise would follow, eg MBO. Of course, profit takers and traders will always be present that is part of the market, and taking profit is naturally very sensible (I for one need to be less greedy).
At the end of the day, a sustained rise is what we need and want, not a rollercoaster. I'm sure many would agree.
Going to be close here.