Somewhat strangely, just two days after announcing their latest contract win, they now come out with a trading update. I guess maybe the figures weren't ready the other day but in any event it is an in line trading update, albeit that they say profits will be down in H1 due a change in phasing of orders from one of their major customers.
Consequently, give the order back log and the orders they have won recently they expect profits to recover and be second half weighted this year. I assume they have a reasonable handle on this, but it does leave the risk of a profits warning later in the year if things don't turn out as they expect. They also flagged software and recurring revenues now making up about 10% of sales and a change in their reporting currency to US$ to better illustrate the underlying growth.
Can't see too much to get excited about in this announcement so expect that should remain becalmed or maybe come off a bit. In another separate announcement though they say they have appointed Liberum as joint brokers so hopefully they may be able to provide some additional support or drum up some more interest in this one, perhaps.