Business Services Industry
Daily Mail, London, Market Report.
Knight Ridder/Tribune Business News, October, 2003
By Geoff Foster, Daily Mail, London Knight Ridder/Tribune Business News
Oct. 9--OVER IN A FLASH AS DEALERS CHASE PHOTO-ME SHARES: It was all done in a flash. Well, just let's say in next to no time. New house broker Evolution Beeson Gregory placed 29.2 million shares, or 8.03 percent, in photo booth company Photo-Me International at 108 pence with various institutional clients.
As soon as they heard the big overhang cleared, investors piled in on recovery hopes and the close was 7 3/4 pence higher at 115 pence.
Dealers were relieved to hear that aging director Philippe Wahl was the seller. Rumours have been rife in recent weeks that chief executive Serge Crasnianski was looking to unload a big slug of his 19 percent holding. Instead,...
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