Amalg. Batteries expects bid
Amalgamated Batteries,' Ltd, is expecting a take-o er offer, and the directors have advised shareholders not to sell in the meantime. The company seems to fit the requirements set by Motor Traders (N.Z.), Ltd, for its diversification plans. In the year to August 31 the company earned a record net profit of $229,223, and raised its ordinary dividend rate from
13.5 c to 15c a share covered three times. At 160 c the ordinary shares had a price earnings ratio of 3.5, and the net asset-backing was 334 c a share. Total capital was raised $215,000 to $716,515 during the year by a specified preference issue at 100 c. Ordinary capital was $485,865, and cumulative preference capital was $15,650 in 100 c shares.
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Press, 5 December 1978, Page 23
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127Amalg. Batteries expects bid Press, 5 December 1978, Page 23
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