RE: Back to 120p5 Apr 2022 10:51
I didn't mention any change in price, here's what I said:
I'm expecting a marl grey shumper, although navy stands a good chance. Otherwise, I'd expect the usual repetitive intro we've all heard multiple times before. This will be followed by a dry section where we'll hear the finance numbers that will reveal nothing about LFD sales or upfront payments. Next up we'll get the same AVA6k slides we've seen before, but with every milestone pushed back by a quarter or two. This section will be accompanied with plenty bullish statements, perhaps he'll roll out 'astronomical' again, but definitely 'transformational'. Finally, they'll answer the questions they want to, but none of the awkward ones that highlight any incompetence / naivety. There'll be no real impact on the price, but the MMs will play some games to try and make a few quid.
I'm not sure there's much of a trading opportunity based on the above. I think it'll be a rinse / repeat of previous information as we've not heard anything new.