City Line shares rocket by 5000%
12th May 1988, Page 15
12th May 1988
Page 15
Page 15, 12th May 1988
— City Line shares rocket by 5000%
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• Bus workers in Bristol who bought shares when their company was privatised eight months ago have seen their holdings rocket to 50 times their original value.
In all 90 City Line employees have seen their 7p shares soar in value to 2.50. The minimum investment of 25 now has a value of £1,750.
When City Line was privatised last September 901,335 shares were available, 324,395 of which were allocated for executives and employees. Since then, the shares have risen fast due to the company's 210.9 million buy-out by rival operator Badgerline.
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