RE: ...17 Feb 2014 11:15
Market hates surprises and a blip in revenue generation is all it takes although, as I mentioned in my previous post, the company should have given a steer in the last set of results that moving their sales focus down a notch into the mid-tier business level could have an impact on lead times and revenue recognition and thus interim performance. I have no doubts about the long term prospects but it is annoying that they did not anticipate this as a possible outcome and given fair guidance last year. The market has given the firm a slap and rightly so. Thankfully, I am in at 32p so still sitting pretty.