SOUTH AFRICA: Distell share price down on JSE Securities Exchange
By Arnold Kirkby | 29 December 2000
Shares in Distell, the merged South African liquor giant, bred from Distillers Corporation and Stellenbosch Farmers Winery, have recovered slightly after dropping 16 percent since it issued a profit warning on 14 December. After dropping to 680c (16 percent) on Wednesday, shares in the newly merged group picked up marginally to close at 700c yesterday (Thursday), 13.5 percent off the trading figure of 810c on 14 December.
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Shares in Distell, the merged South African liquor giant, bred from Distillers Corporation and Stellenbosch Farmers Winery, have recovered slightly after dropping 16 percent since it issued a profit warning on 14 December. After dropping to 680c (16 percent) on Wednesday, shares in the newly merged group picked up marginally to close at 700c yesterday (Thursday), 13.5 percent off the trading figure of 810c on 14 December.
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