Interactive Prospect dives after firm warns investors
Online marketing group Interactive Prospect Targeting Holdings’ shares plunged by 27 per cent yesterday after it said its British operation was performing “significantly below management’s expectations”.
The Aim-listed firm, which specialises in direct marketing via email, said that it was considering the sale of some of its divisions following its below par performance. It also admitted that it was in talks with banks to arrange extra funding.
Its shares closed at 17.41p, having performed awfully in recent months, falling from a 52-week high of 180.95p.
A spokesperson for the group said that technical difficulties with its email broadcasting business had meant that the company had defaulted on agreements with its clients.
“The management are conscious that this year they have given bad news, only for it to turn into worse news. This is an honest warning to investors ahead of our interim results in September, when we will give a fuller picture,” he said.
