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Stock market blues debut for Hays Group
2nd November 1989, Page 13
2nd November 1989
Page 13
Page 13, 2nd November 1989
— Stock market blues debut for Hays Group
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• First-day dealings in Hays shares were disappointing because of a nervous stock market, says communications co-ordinator David Beckley.
The shares began trading at 98p and closed at 101p — 4p below the issue price.
Hays chairman Ronnie Frost had hoped to float the shares at around 140p. But Beckley says: "We are confident the value of Hays will be recognised in the future."