Vislink has announced that FY16 performance will be materially below previous estimates because of weakness in the hardware division (VCS). Management has instigated a restructuring of this division, accelerating the transformation of the group into one where two-thirds of operating profits are derived from software activities. Progress executing this transformation should prompt a partial recovery in the share price.
28 Jul 2016
Fast-forward on transition to software
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Fast-forward on transition to software
Pebble Beach Systems Group PLC (PEB:LON) | 10.8 0 0.0% | Mkt Cap: 13.4m
- Published:
28 Jul 2016 -
Author:
Anne Margaret Crow -
Pages:
6
Vislink has announced that FY16 performance will be materially below previous estimates because of weakness in the hardware division (VCS). Management has instigated a restructuring of this division, accelerating the transformation of the group into one where two-thirds of operating profits are derived from software activities. Progress executing this transformation should prompt a partial recovery in the share price.