No, I sold my shares after the interim update which showed slippage in Revenue.
On of the tough lessons I learnt very early on when investing in nano- and micro-caps is that one needs to set very clearly delineated investment milestones (almost always related to Revenue growth [*]) and if these are not met, apply strict sell discipline or else before you know it, you end up underwater on the investment (invariably permanently).
[*] Nano- and micro-cap companies live and die by, respectively, the presence or absence of growth in their top lines. The usual "look-over-there" on the part of management when clients don't renew is to argue, "Yes, but those customer accounts we lost represented low-margin, low-value sales, so its not a problem." Sometimes it's a valid argument, but most times it proves to have been a red flag.
With STG I couldn't tell whether it is valid, and I didn't fancy the odds in waiting to find out.
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STG Price at posting:
43.0¢ Sentiment: None Disclosure: Not Held
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