H. AND J. COURT
Share Issue Listing (N.Z. Press Association) AUCKLAND. November 14. The Hamilton department store operatoe, H. and J. Court, Ltd, will re-register as a public company and seek stock exchange listing through a placement of 98.000 10s shares at a 9d premium. Directors forecast a dividend of 7 per cent, ■which would give the shares a yield of 6.5 per cent Of the shares to be sold by existing shareholders, 10,000 are being reserved for the staff. At least half of the remaining 88,000 shares will be made available to the public of Hamilton and the Waikato. Since the July 19 balance date, capital has been increased to £140,000, all ordinary. Reserves are £92,219. Giving the shares an asset backing of 16s 7d. Profit in tlie latest year was £16,024. representing 6.9 per cent on present funds and 11.4 per cent on the higher capital. Average net profit in the last three years was £15,437, or 11 per cent on capital.
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Press, Volume CII, Issue 30289, 15 November 1963, Page 23
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164H. AND J. COURT Press, Volume CII, Issue 30289, 15 November 1963, Page 23
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