Feeds

Lastminute shares rally at err… last minute

Closes up on earlier fall

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Update: It looked at one point today as though the unthinkable could be about to happen - and it still might. Despite rallying to close at 391p investors in lastminute.com are facing up to the reality that share prices - even in dotcoms - can go down as well as up. The over-hyped and over-subscribed float of Lastminute on Tuesday saw shares soar to a price of 532.5p well up on the offer price of 380p. The picture has changed since then. Yesterday, Lastminute shares closed at 387.5p and by this lunchtime had slipped to 382.5 – that's just two and a half pence away from the offer price and a massive fall from Tuesday's high point. Private investors in Lastminute are not able to sell until they have held on to their shares for at least a week. With the situation getting progressively worse (every day this week Lastminute's closing price has been lower than the day before) by the time they are able to sell, many small investors may find their dreams of instant and guaranteed e-profits have come to nothing. Perhaps it's just as well that no one got more than about £150 worth of shares in the first place. ® See also: Lastminute: What the Papers Say Lastminute jumps -- but punters get next to no shares 250,000 flock to register for Lastminute shares The wit and wisdom of Martha Lane Fox

Providing a secure and efficient Helpdesk

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.