23 June 2016 – trading update

The company has revealed the loss of a significant wireless customer which is a serious setback in the near term.  Results for the full year will now be below previous expectations.  Results for the six months ended 30 June 2016 are due to be released on 6 September.  Given that the bad news has been priced in and we believe that the company still has sound long term prospects we retain our BUY rating.