Ann: Chair's Statement regarding Director Trades, page-17

Total agree FozzyB and Ivanovich. You need to employ a bit of secondary thinking here. You need to break this down and think about what it is EML actually do. What are the chances of a downgrade in the near future based on the business model, organic growth rates, defensive nature of earnings etc...Once you actually start thinking about the business and the services EML provide and link that through with the recent updates given by management the chances of it under performing are very low. It always requires an event like this to get in at a decent price because this will be in the longer term a short change in sentiment towards the business. The sale of Tom's and David's shares has been a stuff up in terms of execution but where it really counts this business has not put a foot wrong. Tom always finds a way to deliver high quality growth. Its a buy at these prices for longer term holders.