Member Info for steveknowsnothin

Wonder how much planning the need to use the building, does not look like it needs much work.

https://www.google.com/maps/place/301+Thurmaston+Ln,+Leicester+LE4+9UX/@52.659274,-1.0810949,3a,75y,340h,90t/data=!3m8!1e1!3m6!1sAF1QipMJqPUuxbi6TqOPrgxzjssAz5Rh7VJcbhq-6Tr-!2e10!3e11!6shttps:%2F%2Flh5.googleusercontent.com%2Fp%2FAF1QipMJqPUuxbi6TqOPrgxzjssAz5Rh7VJcbhq-6Tr-%3Dw203-h100-k-no-pi-0-ya236.99998-ro-0-fo100!7i13934!8i6967!4m5!3m4!1s0x4877622c0a0aeb4f:0x1ce13b25d4d0f5ea!8m2!3d52.6595305!4d-1.0811446

@JimmyTalks the RNS on 28th just talks about their half year results and audit findings. At that point they would not have final results and have no reason to talk about a trading update.

As soon as they have finalised results, they literally have to do it if it constitutes a significant change in SP.

Seems to be low volume again today,

- 23% ALGO trading
- 297.63 Average Price
- 1230 shares average trade size
- £3,660 average trade price

We need some good news to get this moving

@JimmyTalks the rules is as soon as possible. As the directors are also shareholders, they are considered insiders.

It is not up-to them to decide that they wouldn't trade on them, regulation 596/2014 is pretty clear on it and AIM / FSA have gone to town on companies that have not done it.

Here are some legal cases against people who have delayed by a couple of days,

https://www.pinsentmasons.com/out-law/guides/cases-on-disclosure-of-price-sensitive-information

If it does, it will need to come with a summary of the audit results and the trading update, If they are currently holding back updated forecasts based on the potential damage without audit results.

Also if the results are bad that they receive on the 15th, they will also need to issue an RNS update ASAP, as would also constitute insider knowledge affecting the SP. So no RNS on 16th, 17th, 18th is also a good thing.

Literally as soon as they have the compiled results, they need to release an update if it is more than 10%, otherwise it constitutes insider trading.

I posted this last night,

"Delay is permitted where public disclosure would prejudice a company’s ‘legitimate interests’. But there are conditions attached to this concession: the company must be sure that it can keep the information confidential and that leaks won’t give some people an unfair advantage over others."

So they could be using the audit results as a method to say they are withholding the trading update as it may prevent damage to the bossiness, however they would greatly need to restrict results within the business to prevent insider trading, which I just don't see as tangible considering modern data access.

@ShareExpert that is literally BS, DYOR rather than spouting off what others have said on the board.

As soon as they have data that suggest a 10% increase, they have to do it, in line with FSA and EU law.

17th Jun 2020 7:00 am RNS Trading Update
14th Jan 2020 7:00 am RNS Trading Update
3rd Dec 2019 7:00 am RNS Trading Update
25th Sep 2019 7:00 am RNS Interim Results
5th Sep 2019 7:00 am RNS Trading Update
12th Jun 2019 7:00 am RNS Trading Update
24th Apr 2019 7:00 am RNS Final Results
15th Jan 2019 7:00 am RNS Trading Update
26th Sep 2018 7:00 am RNS Interim Results
12th Jun 2018 7:00 am RNS Trading Update
25th Apr 2018 7:00 am RNS Final Results
11th Jan 2018 7:00 am RNS Trading Update
27th Sep 2017 7:00 am RNS Interim Results
8th Jun 2017 7:00 am RNS Trading Update
7th Jun 2017 4:35 pm RNS Trading Update
26th Apr 2017 7:00 am RNS Final Results
10th Jan 2017 7:00 am RNS Trading Update
27th Sep 2016 7:00 am RNS Interim Results
8th Jun 2016 7:00 am RNS Trading Update

It's only a crash when it happens across every sector, this was just a readjustment in one sector that had been pumped a little too hard. People are definitely starting to prepare for one though with flights to safety to utilities, etc...

Was reading an interesting article last night, that if the FED keeps on buying up bonds like it has until the end of the year, it will effectively own 34% of all US mortgages. The US government is buying mortgages because they are long lived and not inflationary. The money doesn't flow into the economy immediately and allows the FED to determine its rate of reduction.

The theory I was reading, was that the bond market was about to breakdown, with this being the only way to save it. By giving the banks liquidity and times to restructure.

End result though is the dollar could become near worthless if people actually get their hands on it or too much of the debt payments stop. The hope of the FED is that the majority of this money gets transfered to the 0.01% and is hoarded and doesn't touch the main population. Larger wealth gap is the desired result.

@andypandydandy they need to issue a trading update if the growth is more than 10%, as is the law and would constitute insider trading if they didn't. Have a look back at the discussion from last night.

Cheers guys, that was a fun chat, good night.

In theory, but if damages reputation, then short term gains in SP mean squat.

https://www.google.com/amp/s/www.independent.co.uk/news/business/news/fsa-warns-retailers-not-to-breach-rules-over-trading-news-26037.html%3famp

Also if the audit results are bad, they could have to release them early.

"But where rumours or speculation are largely correct, the company needs quickly to decide whether it has inside information that should be released. Once news has leaked, delay can no longer be justified, and directors need to ensure that the market is trading on the basis of accurate information that is available to all."

@arudge unfortunately these are also FSA and EU/UK laws and not so breakable.

My interest is this line,

public disclosure would prejudice a company’s ‘legitimate interests’.

And whether the audit report could be used to say that without the audit results, the update could cause damage.

One thing it does say though is,

the FSA is very clear that there is no ‘10 per cent rule’ and that price movements below that threshold can still be significant in particular cases.

Inside information needs to be released to the market ‘as soon as possible’; a delay of only a few days can be unacceptable.

Delay is permitted where public disclosure would prejudice a company’s ‘legitimate interests’. But there are conditions attached to this concession: the company must be sure that it can keep the information confidential and that leaks won’t give some people an unfair advantage over others.

@brixks92 according to this, you are completely correct, 10% is the rule of thumb.

https://www.pinsentmasons.com/out-law/guides/disclosure-of-price-sensitive-information--fsa-rules

Just going to post again, as none of that makes sense,

@peoplepower1 just to call out one of those, for September 2017 an update was posted on 8th Jun 2017 forecasting a 108% profit (if it am reading it right)

The eu law i just posted, basically states that as directors are shareholders, as soon as they know forecasts results, they must release to the market, as otherwise constitutes insider trading. It is literally on the top of every trading update.

https://www.lse.co.uk/rns/BOO/trading-update-si2tur1zfbanh58.html

God my spelling is terrible on a phone.

@peoplepower1 jist to call out one of those, for September 2017 an update was posted on 8th Jun 2017 forecasting a 108% profit (if it am reading it right)

The eu law i just posted, basically states that as directors are shareholders, as soon as they know forecasts results, they must release to the market, as otherwise continues insider trading. It is literally on the top of every trading update.