Parker Lamb share offer

Press, Volume CXI, Issue 32803, 31 December 1971, Page 17

Parker Lamb share offer

(N.Z. Press Association) AUCKLAND, Dec. 30.

Mr T. L. Gick, an Auckland chartered accountant, is offering 65c a share for 72,000 shares in the Parker Lamb Timber Company, Ltd, Onehunga, on a first-come first-served basis.

With shares already held, this would give him 49 per cent of the $60,000 capital, consisting of 150,000 40c shares. Parker Lamb shares are rarely traded. The only sale this year was in September at 63c.

The oempany made a profit of $1136 in the year to March 31, against a loss of $13,142 the previous year. It declared a 3 per cent dividend, which, Mr Gick says, had not yet been paid. Mr Gick says that he might withdraw his offer if a statement of accounts, showing that the company’s position had not deteriorated to any great extent, was submitted to shareholders before January 28.

STURGE WILSON and CO. Stock and Sharebrokers, Members Christchurch Stock Exchange, 71 CAMBRIDGE TCE, near Bridge of Remembrance, P.O. BOX 85, Telephone 65-746. —Advt.

STOCK AND SHARE BROKERS HOARE, TAYLOR and QUIRK, J. B. TAYLOR, W. G. QUIRK, MEMBERS OF THE CHRISTCHURCH STOCK EXCHANGE 311 Manchester Street. Telephone 65-864. P.O. Box 373. —Advt