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magazine-37%: Pebble Beach soaked by profit warning
The former broadcast technology supplier Vislink has got off to the worst possible start under its new identity as Pebble Beach (PEB:AIM).
The share price was given a severe 37% hammering after issuing a profit warning just days after selling off its old cameras kit business to concentrate on software solutions for the broadcast and security industries through the previously-acquired Pebble Beach. The old hardware business is largely to blame.
At 10.88p, the ongoing Pebble Beach business is now valued at less than £12m, compared to its original £14.9m purchase price in March 2014. (SF)
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