SHARES in TV set-top box maker Pace dived after its chief executive warned a major order from a US customer had been pushed back.
The company, based at Saltaire, near Bradford, revealed that revenues for the order would now be booked in 2012.
The share price took a further hit as stockbroker Altium Securities said it expects to lower its 2011 pre-tax profit forecast due to the company’s “weak” outlook.
Shares closed 20% or 44.1p lower at 176.4p, despite Pace posting a 1.7% increase in pre-tax profits of £71.1m last year on revenues 17.4% higher at £1.33bn.
