Lastminute.com PLC - 150p Immediate Target

Lastminute.com PLC said co-founder Martha Lane Fox has sold 2
mln shares in the company at 230 pence per share, or 4.6 mln stg in total.

As a founder of this dog company, she is well aware of the fact that management is poor and prospects for the global tourist industry do not show clear signs of improvement yet.

Fully expect LMC to hit 150p within weeks, as institutional investors dispose major blocks as confidence in its future prospects remains an increasingly bigger concern.

Target market capitalization end of 2004 estimated at GBP 275 mln (best-case scenario).