Not much on the announcement front today in terms of companies I follow but this one announcing it had made its final Symbio/MNF Direct Business acquisition instalment and thus net cash flows would improve by $833k a month going forwards. It interested me because as a shareholder it has resulted in the company being up around 20% today. The thing is this isn't new news. In fact they've told the market umpteen times since making the acquisition exactly what the instalment schedule would be, including in the 4C last week. It's an example of how much opportunity can exist in the microcap market given how irrationally it can operate at times.
Today 'price sensitive' announcement:
Excerpt from the 4C last Friday:
By the way, the improvement to net cashflow is solely to investing cashflows, not operating cashflows.