As such the intention had been to dispose of my small holding in CTG at the start of the tax year as the loss would offset some of the gains I was expecting.
However having read the full year results which came out a few days ago I have now moved the position to a low hold. By this I mean I have set the sale target just above my initial buy price but an not currently planning to sell unless this is reached.
Having read the results I am convinced that there are a number of genuine opportunities being followed up by the divisions of CTG in a number of areas. Moderate successful implementation of these would enhance the share price. Possibly significantly. Against this however is the ongoing poor performance in the stocktaking business. Poor performance that management is aware of and seems to intend to seek to correct. However no correction has as yet been forthcoming.
Overall the results have given me more confidence in both the management and the opportunity. This is still to be delivered so I will sell if I can wash my face, but am now content to hold pending further information.