A mere rumour making the rounds yesterday about the performance of the world's biggest luxury goods conglomerate, LVMH Moet Hennessy Louis Vuitton SA, resulted in a share price decline days before their actual official announcement. According to an article in Bloomberg, "..The company was scheduled to report first-half earnings on July 29."
Is this a case of 'where there is smoke there is fire'..? We prefer to act on fact and not indulge the rumour mill. We wait patiently for the press release on Wednesday, clearly all will be revealed and naturally, we will pass it on.