Q: Does the delay in VHI reporting it's quarterly results concern you at all? Would you wait until the conference call before adding to a position?
5i Research Answer:
On average, 'late' news does tend to trend to be not positive news. But there is no guarantee and the delay could be for benign reasons as well such as the availability of an executive. So we would not assume anything here. But at the same time, with weak momentum and a weak market, we do not see much harm in waiting for earnings if one is adding.