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Perform Group share price plunging
12/13/13 : PERFORM GROUP IN TROUBLE
Profit warning sends share price plunging.
Investors spooked by a corporate warning that Perform Group's 2013 earnings could be substantially lower than anticipated sent the share price spiralling southward Thursday.
The digital sports media company saw its share price drop over fifty percent as a result of the profit warning, occasioned by weak advertising and sponsorship results in German and US markets particularly during Q4, where the company had hoped for a major percentage of its revenues.
Perform expects turnover to sink some 6 percent, seriously impacting earnings.
In an attempt to right the ship, management announced a cost review across all aspects of the business.
CEO Simon Denyer said in a newspaper interview that Perform needs to adopt a more cautious and prudent approach, but would fundamentally change the overall strategy on international growth and acquisitions.
"There’s nothing broken about the overall strategy and the business plan,” he said.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
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Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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