OTCPK:KATFF - Post by User
Comment by
topdopon Aug 07, 2018 10:59am
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Post# 28421038
RE:Results
RE:Results
KAT Financial Results: these are likely, in my opinion, to be made available in tandem and coincident with Glencore's (see below) thus shutting down any prior arb that was available due to the two companies former practice of announcing on different dates with Glencore management openly discussing DRC production on earnings calls ahead of actual Fin Results yet being publicly available from majority owned KAT. I expect this practice was identified by the OSC, too, as unacceptable. So it will cease. So as to KAT earnings, let's follow the signs; they are particularly good: Glencore is currently trading higher up over 4% in London trade on expectation that Company will report their "most profitable six months ever" when the company publishes first-half results Wednesday. And this after - arguably - Glencore's *worst* 6 months ever as a public company. "Earnings are likely to be driven by bumper profits from coal... along with increased copper and cobalt production". https://www.bloomberg.com/news/articles/2018-08-06/glencore-s-poised-for-record-profit-despite-horrible-year The GLEN earnings report will be available on Glencore's website at 07.00 (UK) on 8 August 2018. So expect KAT to announce after market tonight or before market tomorrow, Wednesday. These are my views only. Thanks for reading.