Friday 8th September 2000
|Text too small?|
Shares in Blis Technologies worth more than $2.5 million changed hands this week even though the company has yet to reveal details of its activities or financial forecasts.
The 40 million 10c shares had hit $2.20 by the end of Monday before settling back to $1.35 mid-week after turnover of nearly one million shares, giving the company a value of $50-70 million.
On Wednesday the shares hit a low of $1.10 before strengthening again due to some panic-selling by shareholders who were fearful of missing out on the stagging, according to sponsoring broker Forsyth Barr.
"It's not really the kind of stock we'd promote to many clients. We have to explain that it's highly volatile."
No comments yet
Spark using 'free' rugby offer to lock out competitors, says 2Degrees
NZ dollar rises against the Aussie after RBA indicates further rate cuts
Gold Report 18th June 2019
Electricity Authority urged to test privacy status of meter data
Shorn Fonterra likely to keep ingredients business - Jarden
Fully automated milking several decades away - Dairy NZ
NZ consumer confidence still downbeat in June quarter
NZ dollar largely steady; focus on FOMC
18th June 2019 Morning Report
Farm debt mediation will ensure fair process - O'Connor