Tavlors ud on busy market
Taylors Drycleaning rose 25c to 260 c on a mixed, busy New Zealand sharemarket yesterday, after the announcement that control of the company had switched to a group of Auckland investors. Market sources said that a Christchurch person was interested in seeking Taylors shares. Brierley gained 45c after announcing a record profit and plans for cash and bonus issues. The newly listed issues appeared to be hit by profit-taking, a trend which also developed among market leaders after recent dramatic gains on a bull market. Genestock lost 18c to 100 c and Ra Ora Stud 9c to 143 c. Among the market leaders to fall were Fletcher Challenge, NZ Forest Products, and New Zealand South British. Ashby Bergh was quoted at 480 c buy, 495 c sell on the Christchurch Invercargill Regional Stock Exchange in reaction to Chase Corporation selling a 24.9 per cent interest in the company.
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Press, 13 October 1983, Page 22
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153Tavlors ud on busy market Press, 13 October 1983, Page 22
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