I picked up some today, it's a buying opportunity at a reasonable discount to NTA.
They are a good team with a good business but felt that they were pinning too much of their hopes on this but you have to be in to win don't you. St Johns is only 8% of their revenue with doesn't impact them until 2025.
Losing this is not great but they can focus on other opportunities in the market. They are vulnerable to takeover at this price level which is not really a scenario I favour but we'll see