Profit downgrades and dividend cuts are not liked in this market...

Profit downgrades and dividend cuts are not liked in this market - so it's glass half empty syndrome (at least until some positive signals emerge). How far will it decline? Probably more than one would reasonably expect. What to do? If one is not desperate to avoid further possible capital erosion probably best to hang in and hope for an eventual turnaround. The security business seems to offer the best prospects going forward. Management needs to jettison non-peforming deadwood and focus on making profitable elements more profitable.

I guess I will hang onto this one to see what transpires - pretty disappointed, nonetheless. I imagine, director O'connor knew well in advance about this state of affairs - hence her early and heavy selling. It's a pity shareholders weren't privy to the same information.