RE: RNS17 Sep 2019 09:34
I'm surprised the share price is down. MSI warned of choppy waters and investor should have already priced in.
The trading update is not the real news here. The points of interest for me are:
1) "we took great pride in launching at the recent London International Defence Equipment Exhibition a number of new and exciting products, emanating from our ambitious privately funded product development programmes and enhanced international marketing. Pleasingly, the interest and response of both existing and of potentially new customers from around the world, should prove to be very rewarding over time." Come on! Tell us more than that. What sort of products? Size of market? USP? Sounds exciting but we need info to evaluate what it means for the company.
2) Acquisition which diversifies Petrol Station Branding into more general Corporate Branding, an excellent strategic shift given what we already knew, Petrol Stations will continue to provide business but may suffer from the rise of the electric vehicle.
I have a tiny shareholding in MSI just to keep it on my radar. I have a soft spot for them and hope to one day see enough to justify moving money over from another opportunity.