Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
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)
Important information:
These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell.
Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.
Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.
