Investors sent shares in Vislink (VLK) up a fifth after asset manager Kestrel Partners raised its stake in the video capture and transmission specialist to over 8 per cent. The vote of confidence followed a dire trading update, warning that tepid trading in the core business would weigh on full-year figures.
IC TIP:
Sell
at
12.8p
Management hopes to revive growth by restructuring the business. It expects to write off up to £9m in older equipment, and has placed the dividend policy under review. Analysts at N+1 Singer cut their forecasts and now expect pre-tax profit of £3m, giving EPS of 1.7p, down from £4.5m and 3p in 2015.
