Getmobile slump sees value fall €32m

GETMOBILE shares dived nearly 40% yesterday as the Dublin stock exchange newcomer issued a profit warning just two months after floating.

Investors in the mobile phone company, which changed its name from Fitzwilliam Capital to coincide with the listing, were left €32 million poorer as a result.

Among the biggest losers was Pierce Casey, the venture capitalist who founded Fitzwilliam Capital and is now Getmobile chief executive, whose 5% stake in the company was worth €1.5m less at the close of trading.