The UK Government are reviewing (with National Audit Office) the contract with CSC re Lorenzo. The share price has fallen because in the extremly unlikely event that UK Government pull the pin on Lorenzo, it would be unlikely that CSC would want to be left holding the baby and would use their power under the agreement to not proceed to acquire ISF.
Hence the deal is not a done deal. Nervous shareholders are offloading. If for some very unlikely chance CSC pull the pin on ISF due to UK Government pulling the Pin, it would not be good for ISF.
If you are not concerned, then more power to you. Don't read Hotcopper and wait by your letterbox on 2 July for your 17 cents a share.
If you are nervouse sell as I am sure there will be some willing to take the excess (at a price).
ISF Price at posting:
14.5¢ Sentiment: None Disclosure: Not Held
