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Cut loose from Software Radio

Marine identifier technology specialist Software Radio Technology (SRT) has been hit by a slippage in the timing of a number of sales and a key contract – events that smaller companies fear the most and can do least to combat. This resulted is a savage profit warning – chief executive Simon Tucker said: "The expected outcome for the financial year is significantly below what we had hoped." As a result, the share price dropped by more than fifth to 23.5p. The price has recovered to 26p. Even so, we think the shares are no longer worth buying.

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By Graeme Davies,
13 March 2012

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