Ann: Preliminary Final Report, page-22

MWR share price seems to have done the usual thing and drifted down on no news.
It's a crazy situation that a growing and expanding business with a clear path to increased profitability has such a small market cap.
But you gotta remember that the share price is just noise. The business is sound IMO, and shareholders will be rewarded in time.
Perhaps news on actual sales in UK will kick the SP along. Perhaps it will be the next half yearly that we get a good picture of how things have unfolded.
At the end of the day, I simply ask
"Do I trust management?" Yes.
"Is this business undervalued?" Yes.
These two basic questions are far more important than the daily or hourly share price.