Oh. I wondered why it was cheap and getting cheaper.
I should briefly come back on this one which I mentioned a few days ago.
The company has ‘recently become aware that certain of its products which were sold by a VASCO European subsidiary to a third-party distributor may have been re-sold by the distributor to parties in Iran…’.
The company duly notified the government. The outcome of the company investigation and the government’s own subsequent one is unknown.
Fortunately I had already made a good gain on my earlier tranches of investment, but a good lesson in paying attention to RS, especially when it seems inexplicably negative within the sector.