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The counter-argument is "well, there's earnings guidance so surely there won't be any massive shocks..." Which is true... although we both know once you get to pop the hood on the AFS, it's the movements behind the headline numbers that guys take a few hours to digest when the brokers issue...
Nature Boy, Ric Flair - the theory the market has "priced it in" makes the most sense especially on the institutional side where certainty is almost always rewarded.... but.... indulge me in a small time conspiracy theory (which we have seen many times before). Sasol annual earnings are out on...
Some of you may be thinking to yourselves 'Nature Boy, why is the stock price going up if they just wrote down billions of Rand's of assets? Surely the company is less valuable now?'
Now I'm not Ric Flair, but I can respond to that. This is an indication that most investors in the market...