Forum Archive Index - October 1999

[Chris Marshall <Chris.Marshall@directories.co.nz>]

"Scrip" means shares available for purchase - ie. others are prepared to
sell.

> -----Original Message-----
> From: Philip Robinson [SMTP:fire_appliance@hotmail.com]
> Sent: Friday, 15 October 1999 12:35
> To:   sharechat@sharechat.co.nz
> Subject:      [sharechat] Scrip
> 
> 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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