Slow progress on INL share bid
PA Wellington Independent Newspapers, Ltd, directors were pleased there was now recognition that the company’s shares had been undervalued by the stockmarket, the INL chairman, Mr J. A. Burnet, said yesterday. He told the Stock Exchange that, since the INL
half yearly profit announcement was made in November, the company . had continued to trade well, with advertising ' volumes at high levels, - notwithstanding the down-. ’ turn in some sections of the economy. X While the present offerprice for INL shares was/ obviously more attractive-, than previous market”' prices, the directors be-' lieved shareholders’ in-/ terests would be best ' served by retaining their shares, and recommended accordingly. On Thursday Wellington/ brokers, Jarden and Com- 1 pany, sought 1.5 M INL / shares at 400 c a share but - progress was slow, with/ only 12,000 shares sold. The price was soon overbid by other brokers and INL closed for the day at 410 c, with 47,500 selling at that price, up 30c on the day.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/CHP19860125.2.122.27
Bibliographic details
Ngā taipitopito pukapuka
Press, 25 January 1986, Page 25
Word count
Tapeke kupu
167Slow progress on INL share bid Press, 25 January 1986, Page 25
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
Ngā mihi
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in