30 November - 6 December 2000

Datatrak shares up by 10c

Datatrak Holdings plc, which made history last Tuesday when it became the first company to trade using the Alternative Company’s Listings Regulations, registered an impressive 10 per cent gain to close at Lm1.10 during the mid-week session.
So far turnover in this equity amounted to 39,859 shares being transacted at between Lm1.06,5 and Lm1.10,0. Until the share price stabilises, no trading limits are imposed on the Datatrak’s trading.
However it seems that investors’ appetite, at least for new issues, remains quite encouraging, especially since various brokers participated on the buy side, indicating that there is a wide-spread interest in this security.
In the meantime, it is normal to encounter a couple of Datatrak shareholders who are willing to sell off their holdings since this represents an instant 10 per cent gain on the original Lm1.00 IPO price.
The first trade was registered on Tuesday, at Lm1,06,5 for 1,000 shares, and until the market close, a further 2,000 shares traded up to Lm1.08,0, before a final transaction for 1,000 shares fixed the share price at Lm1.07. The next session saw another 35,859 shares changing hands at an average price of Lm1.09,5. Best outstanding bids include 1,000 shares at Lm1.08,5. On the opposite side, 2,000 shares are on offer at Lm1.09,9.