Not great, but not the end of the world. Patience is needed....

Not great, but not the end of the world. Patience is needed.

More than one iron in the fire. Already trading at a discount. This is my one semi-conductor "internet of things" stock. I like the sector so prepared to wait. If the test comes through, the re-rate will be multiples, so asymmetric play here for the downside.

Also, the cynic in me says management are downplaying our prospects.