Shares in Digital Marketing Group slumped by 15% after it admitted that trading was tougher than expected.
The data business is the main problem, while clients remain cautious about committing to spending money on marketing. Converting opportunities into orders is becoming increasingly difficult.
On the bright side, the e-commerce operations are growing.
House broker FinnCapís 2010-11 forecast profit of £5.6m looks like being tough to achieve.
A 25p a share, down 4.5p, DMG is valued at £18.7m.
Interim figures for the six months to September 2010 will be published on 23 November.
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