A Case for Intraday Update(s)16 Jan 2023 10:07
If, as we all hope, Avacta is on the cusp of making history and about to take a giant leap forwards then the era of 7.00 am UK time RNSs might be drawing to a close. As Avacta forges links with 3rd parties it seems to me that these links fall, broadly, into 2 main categories. The first is organisational: corporate, legal, financial, service, etc, and will not be expected ti be 'SO Moving'. The second category is 'SP Moving': associations with companies to develop/sell, invest, buy, merge, also Index (NASDAQ), etc.. Again if, as we hope, the bodies in the 2nd category are BIG they are unlikely to be home-based in UK and, as such, will be quoted on other exchanges. Again, if Avacta is going to 'associate' with such a body then any substantive news affecting the other party needs to be released in an appropriate way. Certainly, if there is an American dimension and news relating to 'the bottom line' of such a company, then it seems reasonable to expect news when both markets are open and, most certainly, not on a day when the American exchanges are closed. I cut my 'AIM teeth' on an Ausie Oilie and RNSs were split - sometime 11.00 pm UK time and sometimes 7.00; it was a natural, assumed set of circumstances. Anyway, we shall see....(and, 'are we nearly there yet??? :-) ) VGLA