Public Sector Portfolio Watch - Update 3 - May Gurney profit warning

Been a while since looking at those companies that rely heavily on public sector spending.  AIM company May Gurney came out with a profit warning this morning that so far today has sent the shares down around 44%.  This tells us a couple of things about how quickly the share price of some companies can fall very quickly.  First, it relies heavily on one source of income, around 60% from the public sector.  Second, as a smaller company the share price volatility can often hit hard and fast on the downside, many small investors in this company probably don't even know that the share price has fallen today. They will get a shock when they return home from work and check this evening and probably wonder what has happened. Some buy and hold fundamental investors in this share who rarely check their portfolio might not find out for weeks.