is it a hold or a sell?, page-11

There is nothing in yesterday's release, that wasn't already mentioned in the full year report outlook. Except the addition of the $3m either way difference in NPAT.

I took a few positives away from the address. One of these being:

'The start of FY14 has been subdued compared with the same period of FY13, though sales of both metal
detection and radio communications products have improved on the levels experienced late in FY13.'

In relation to the communications business, I think you need to give it time to gain traction. Also from the address:

'communications projects can often have long lead times.'