Shares digital

Another trading update, another profit alert and another all-time low in Vividas’ (VDS:AIM) shares, which reached 19.5p after chief executive Paul Neville warned demand for its video streaming technology has been slower than hoped. The latest setback comes barely a month after the £7.7 million cap raised £2.5 million at 35p via a placing with Ignition Capital and has prompted a further group restructuring program. Neville intends to slash the cost base by £1 million and focus on the live and on-demand sports and entertainment markets.

Shares says: Patience is wearing thin. RM

AVOID