I'm disappointed but not hugely surprised by today, I also see it as an opportunity and took a small parcel at 0.23.
This still boils down to the repeated discussion we've had around whether we think the pipeline is realistic and feasible.
I'm of the opinion that it is, but think DRO have probably underestimated the hurdles in trying to win significant business in a new technological area whilst dealing with defence/government departments.
I work in FX and deal with a couple of defence related companies and they echo this, things can move very quickly sometimes but also extremely slowly for reasons unknown and as such visibility and forecasting is always a problem.
Whilst it's slightly concerning none of the major contracts have dropped, I am still a long way from selling out, since the majority of my holding is at 0.15.
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