12 December 2018 – trading update
The company has released a very disappointing trading update. Demand for the recently introduced Massive MIMO antennas is now expected to be ‘substantially lower’ than had been forecast in the second half of the year and a loss is now anticipated in the current financial year as a whole. Net cash at 30 November 2018 was £2.3m which should allow the company to operate at the revised level of revenue until an alternative strategy has been developed for the antenna business. At the current level it does not really make sense to sell so those who are already invested should HOLD.