Shares: Taking Stock

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The Independent Online
TRADEPOINT, the stock market in miniature, fell to a new low, down 4p to 32p, capitalising the company at around pounds 10m. A 145,000 share trade at 29p did the damage. The little share dealing facility has found life difficult and has not achieved the support many anticipated when the Stock Exchange introduced its controversial order-driven trading. The shares once touched 180.75p.

SANDWICH Bank & Crust Co has at last arrived on Ofex, nearly three weeks behind schedule. Floated at 30p the shares traded at 25.5p. A row with some underwriters seems to be responsible for the delay. The offer was undersubscribed with the company raising pounds 465,000.

DRINGS, the Bath stonemason, is parting company with its stockbroker, Ellis & Partners. It expects at best to get to a break-even position this year. The shares slumped 0.75p to 2.25p.

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