06-12-2024
Unless I am missing the point, it is not up to ADVT to determine the timing of the release of an independent (i.e. not paid for) research note. It is for the broker to publish. So I don't think this is about waiting for an acquisition (although we all are). There is also not a lot going on in terms of volume (below average today/this week) although spreads have closed a bit (on Monday June 25 options on IG had a spread of just under 13p. Around lunchtime today that was down to about 8p).
So, much as I would like to be proved wrong, I suspect this is as likely to be MM games as anything else. Or someone has been building a stake, in which case we will see an RNS soon enough.
If the above is not enough to force a golden takeover RNS on Monday morning then I give up.
GLA
GS