The Lemon Fool

Once upon a time, shareholder information arrived on paper. Often large and glossy. Naturally one expects that to take a while to produce and distribute.

Today I have email from Draper Esprit, though the registrars. Email 'cos I elected not to receive paper, and the investment is more recent than my transfer of all my then-holdings to a nominee account. Notifying me the half-year report to September 30th is now available and giving me a URL for it. Pleased to note the URL in the email is an honest one, not some tracking link!

All very well, except that I read[1] the report in question more than three weeks ago. The RNS was on December 13th. Why does the email take so much longer?

[1] FSVO read.

UncleEbenezer wrote:Once upon a time, shareholder information arrived on paper. Often large and glossy. Naturally one expects that to take a while to produce and distribute.

Today I have email from Draper Esprit, though the registrars. Email 'cos I elected not to receive paper, and the investment is more recent than my transfer of all my then-holdings to a nominee account. Notifying me the half-year report to September 30th is now available and giving me a URL for it. Pleased to note the URL in the email is an honest one, not some tracking link!

All very well, except that I read[1] the report in question more than three weeks ago. The RNS was on December 13th. Why does the email take so much longer?

[1] FSVO read.

My take on it is that

• the results appear on the RNS on the day
• the glossy report takes a little while to produce, and when ready (usually a couple of weeks later), is sent (usually on the same day but arrive at different times) by email and snail-mail (depending on election etc).
• some companies still send tax vouchers by snail-mail but send reports via e-mail. Some communications can only be sent by snail-mail.

YMMV. It also depends whether you're a nominee or direct shareholder; information rights are very flaky.