The market reaction to this is a bit perplexing - not because it...

The market reaction to this is a bit perplexing - not because it isn't a good report, it certainly is, but because there are only two things in it that weren't already publicised to the market.

The first one is that it said the company was going to report a profit of $4 M. That confirms what I think most people were guessing already, so no real surprise there. It is however a milestone which always seems to go down well, though it is helped by the fact that under accounting rules the company did not have to expense the $10 M of free shares it handed out during the year.

The second is that the costs of the move are negligible. That is a positive surprise as companies in the electronic space usually have sensitive equipment that is difficult to move as I was expecting a one off hit on that one.

The timing is also intriguing, bought forward by a couple of weeks and released one day after the EGM. I guess Oleg didn't want to see just how little growth DRO actually requires for him to bank millions more free shares before the vote.