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[sharechat] Scrip

From:	"Philip Robinson" <fire_appliance@hotmail.com>
Date:	Thu, 14 Oct 1999 23:35:22 GMT

Sharechat:

Can anyone shed any light on scrip. I am new and naive in the market and the 
following quotes from The Herald on line use the concept of scrip which I 
don't understand. Thanks

"Ian Waddell, an institutional dealer at Ord Minnett Securities in 
Wellington, said most of the buying in Telecom was probably by overseas 
investors. Elsewhere in the market it was a combination of local and 
overseas investors chasing scrip."

"INL shares jumped 35c to close on their highs at 800 with a shortage of 
scrip, he said."


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