By Nigel Somerville | Saturday 31 August 2019
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
This really is taking the piss. Having released its FY18 results at one o’clock in the morning, a 6pm on a Friday release covering another major round of redundancies and news of share dumping by Neil Woodford at 9pm on a Wednesday, now Oslobors-listed Thin Film (THIN) has offered up more news, this time at half past midnight on a Saturday and it once again features Neil Woodford, who has again been selling shares. To err once might be seen as forgivable, but four after-hours releases of bad news, two of them in the middle of the night over the past (less than) four months? It is appalling behaviour for a listed company - a serial offender in the issuing of bad news at no-one-is-watching o'clock.
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