AIM RNS Process
Discussion
Hi Folks, I've been taking more of an interest in investing this year. With some of the stocks I'm watching on AIM, I noticed that there would appear to be a rally towards the end of a given day before that stock announces an RNS the next morning. Now these RNS come out at 7am, but with the rise before the end of the day before it is a bit telling that something will come in the morning.
Either I am seeing something that doesnt exist or there is something in that. Does anyone know how that process works? Maybe if youre in the industry you know an RNS will come but not what it says until 7AM for example?
Cheers
Either I am seeing something that doesnt exist or there is something in that. Does anyone know how that process works? Maybe if youre in the industry you know an RNS will come but not what it says until 7AM for example?
Cheers
At the risk of sounding a little cynical there's a reason it's called (or used to be at any rate) the Wild West of Stock Exchanges.
(In fairness) price movements prior to announcements have a habit of happening on all exchanges - either there are some incredibly insightful traders out there or word has gotten out in advance...
(In fairness) price movements prior to announcements have a habit of happening on all exchanges - either there are some incredibly insightful traders out there or word has gotten out in advance...
In terms of the process itself (and sorry, that was actually your question) there's a fair amount of detail here;
https://www.lseg.com/areas-expertise/market-inform...
Presumably there must be a submission cut-off time in order for the announcement to come out at 7am the next day, but any Co Sec reading this could no doubt clarify that. I suspect the process itself is fine/secure; the movement you see is more about who else got to see the info in advance.
https://www.lseg.com/areas-expertise/market-inform...
Presumably there must be a submission cut-off time in order for the announcement to come out at 7am the next day, but any Co Sec reading this could no doubt clarify that. I suspect the process itself is fine/secure; the movement you see is more about who else got to see the info in advance.
If it’s a TR-1 notification (these tell you when a shareholder has increased their stake over certain levels and at certain milestones) then the shareprice would increase before hand because someone is buying up lots of stock.
The same is true when major shareholders are reducing their stake - they need to notify the market when they drop a percentage point, assuming they hold over 3%. That’s why the sp sometimes reduces and then a tr-1 is notified.
Aim tends to be smaller cap and\or less liquidity which means one institution or one individual can move the sp.
The same is true when major shareholders are reducing their stake - they need to notify the market when they drop a percentage point, assuming they hold over 3%. That’s why the sp sometimes reduces and then a tr-1 is notified.
Aim tends to be smaller cap and\or less liquidity which means one institution or one individual can move the sp.
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