N.Z. SHAREMARKET

Press, 29 June 1985, Page 25

N.Z. SHAREMARKET

Friday, June 28 1985

Table shows last sale price of biggest parcel on any exchange; quotations from the Christchurch-Invercargill exchange. Dividends exclude bonuses not regularly paid. High and low figures adjusted for bonus issues. Abbreviations:

a, shares split during year. c, dividend adjusted to annual basis. e, shares partly paid up. g, ex dividend, rights or bonus. k, dividend is 16%, but shares are only paid up to 25c.

b, dividend forecast. d, profit adjusted to annual basis. f, no allowance for exchange difference. h, capital reconstruction.

1985 High Low Share, Par Last Sale Change Day Week Quotations Buy Sell Div. % Div. Yield Earn. Yield Asset Bkg P/E Ratio 185 130 Abacas 50 170 — 180 18.0 5.2 9.1 .75 10.8 132 96 AIC Finance 50 100 — -8 100 110 7.0 3.5 10.4 .57 9.6 235 190 Ajax McPhersons 50 . . . . 180 — -10 26.0 7.2 16.1 2.41 6.1 400 250 Alcan NZ 50 . 255 — +5 255 24.0 4.7 13.0 2.28 7.6 367 278 Alex Harvey 50 . . 330 — — 22.0 3.3 10.0 1.85 9.9 97 75 Allegra 50 89 — +9 — 95 — 395 318 Allflex Holds 50 . 335 — -5 — 28.0 4.1 18.3 1.48 5.4 183 140 Alliance 25 (a) 180 — — — 33.0 4.5 14.1 1.06 7.0 235 190 A M Bisley 50 208 — — 210 26.0 6.2 4.6 2.53 21.6 216 160 Andas Group 50 165 — +3 160 20.0 6.0 11.3 1.17 8.7 220 160 Angus 50 220 — +5 210 — 19.0 4.3 3.9 1.40 25.5 348 273 ANZ Bank NZ 50 (a). . . . 285 — -5 285 — 20.0 3.5 15.7 1.45 6.3 282 150 Apex 50 . 252 — -3 252 255 — — 205 155 Apparel 50 185 — +20 150 15.0 4.0 8.6 1.39 11.5 320 270 Arnold Wright 50 (a) . . . 300 — — — 22.0 3.6 8.4 2.72 11.9 310 260 Arthur Barnett 50 290 — — — 290 22.0 3.7 11.2 3.91 8.8 130 80 Arthur Ellis 100 130 — +5 — 130 6.0 4.6 7.1 1.38 13.9 545 535 Ashby Bergh 100 . 535 545 25 n 4.6 4.9 6 67 20.2 285 250 AB Cables~50 240 — 240 25.0 5.2 12.2 1.36 8.1 316 202 Atlas Maj 50 315 — — — 320 1.0 .1 5.5 .97 18.1 320 265 Auckland Gas 50 . 318 — -2 — — 20.0 3.1 8.9 2.61 11.1 220 180 Aurora Group 25 . 205 — -5 — 220 15.0 1.8 18.9 1.84 5.2 275 200 Autocrat Sanyo 100 ... . . 200 — -55 — — 12.0 6.0 9.5 2.35 10.5 218 180 Baillie Mtrs 50 215 — — — — 18.0 4.1 7.9 1.87 12.6 319 203 Baker Group 50 . 275 — -5 — — 10.0 1.8 7.5 .50 13.2 245 200 BNZ Finance 25 . 232 — +10 225 235 25.0 2.6 5.5 .53 18.1 315 260 Barclay NZ 20 265 — +3 — 385 50.0 3.7 6.9 .87 14.4 115 80 Batley 100 85 — -1 — 89 — — — — — 298 256 Bendon Inds 25 . 293 — -2 — 310 56.0 4.7 10.0 .86 9.9 50 40 Big Apple 50 50 — +2 48 50 — — — — — 100 85 Blandford 50 95 — +10 93 95 — — — — — 20 13 Bridgevale 25 17 — o — 20 — — — .22 — 485 368 Brierley 50 483 — +6 — 483 15.0 1.5 5.6 1.54 17.7 255 245 Brother 50 255 — +5 — 255 20.0 3.9 7.6 1.73 13.0 370 282 CPD 100 . 355 — — 352 — 30.0 8.4 23.4 4.91 4.2 365 285 Canty Meat 100 335 — -5 330 340 21.0 6.2 26.9 8.93 3.7 430 430 Canty Roll Flour 100. . . 430 — — 275 — 20.0 4.6 10.1 4.16 9.8 122 100 Cap Radio 25 115 — — — — — — .4 .23 — 245 137 Carbonic Ice 50 195 — +15 160 200 16.0 4.1 14.1 1.65 7.0 135 105 Carborundum 50 135 — +5 118 — — — — — — 100 80 Cardrona 100 . 82 — +2 80 85 — — — — — 345 260 Carter Holt 50 300 — +22 — — 22.0 3.6 11.9 2.07 8.3 240 152 Cavalier Elco 50 . 215 — — — —- 16.0 3.7 5.3 1.04 18.5 365 280 Ceramco 100 . 362 -3 — — 21.0 5.8 10.2 3.04 9.7 122 110 Cerebos 50 112 — -3 — 115 — — — — — 142 100 Charter 50 130 — +5 — — — — — — — 310 172 Chase 20 . 296 — -2 — 296 25.0 1.6 .8 .28 — 195 142 Chemby 50 . 175 — — — — 17.0 4.8 5.3 1.24 18.6 316 265 Chch Press 50 . 265 — — 210 265 16.0 c 3.0 7.1 1.37 14.0 80 66 City Realties 10 72 — +1 70 71 28.0 3.8 4.5 .27 21.8 52 48 Clearwood 50 48 — -1 45 — — — — — — 46 27 Clypex 25 38 — — 36 — — — — .26 — 18 10 Coal Energy 25 14 — +2 12 15 — — — .19 — 345 300 Colonial Motor 50 (a). . . . 345 — +10 — — 19.0 2.7 10.4 3.07 9.5 335 230 Colyer Watson 100 . . . . . 330 — — — — 5.0 1.5 7.2 2.05 13.8 305 260 Command Corp 50 ... . . 270 — +10 260 270 34.0 6.2 17.4 1.31 5.7 82 49 Comm Securities 50. . . . 75 — +3 72 78 2.5 1.6 15.8 .66 6.3 55 40 Commodore 25 41 — -1 40 44 — — — — — 205 150 CCL 50 205 — — — 230 20.0 4.8 9.3 1.09 10.7 310 200 Consol Metal 50 285 — +10 — — 23.0 4.0 9.8 2.55 10.1 28 16 Con Enterprises 4 16 — — 16 19 — — . — — — 62 56 Cooks Wine 50 . 56 — — 56 — — — — .64 — 280 148 Corp Inv 50 248 — -2 — — 12.0 2.4 4.7 .84 20.8 350 220 Cory Wright 100 . 350 — +45 300 — 17.0 4.8 15.1 3.01 6.6 460 400 Cromwell 460 . 450 — -5 — — — —- — — — 174 125 Crown 50 165 — +3 168 170 20.0 6.0 10.9 1.69 9.1 25 8 Cue Energy 25 11 — — 12 — — — — .24 — 150 120 DIC 100 . 135 — — 130 135 10.0 7.4 10.2 1.53 9.7 320 287 Dingwall Paulger 100. . . 290 — — 290 — 20.0 6.8 19.3 4.07 5.1 236 163 Dominion Brew 50 ... . 232 — +2 — 240 22.5 4.8 8.3 2.59 11.9 250 207 Donaghys Ind 50 . 250 — +10 — 250 22.0 4.4 13.0 2.22 7.6 135 115 DRG NZ 50 125 — — — — 19.0 7.6 16.0 1.95 6.2 111 91 East Deer 50 . 110 — +10 100 — — — — — — 195 163 East Gas 50 . 195 — +20 — — — — ■ — — 305 230 Ebos Dental 50 300 — — — 305 22.5 3.7 11.7 2.11 8.5 291 196 EMCO Group 100 . 272 — +4 — 275 17.0 6.2 13.1 2.64 7.5 182 138 Endeavour 25 . 175 — +10 170 — 32.0 4.5 9.3 1.14 10.6 250 124 Equiticorp 40 240 — +6 230 235 7.5 1.2 3.8 .61 25.8 545 500 Ernest Adams 100 510 — -30 480 — 20.0 3.9 13.4 4.28 7.4 164 127 FTC 25 (a) 136 — +2 133 — 24.0 4.4 11.4 1.06 8.7 275 204 Feltex NZ 50 . 273 — +1 272 273 25.0 4.5 12.0 3.17 8.2 260 223 Fernz Corp 100 . 255 — -5 — — 18.0 7.0 8.3 2.98 12.0 240 190 Firestone NZ 100 . 190 — -5 — — 15.0 7.8 35.1 2.79 2.8 137 100 First City 100 . 115 — +10 110 115 2.5 2.1 6.0 1.04 16.6 390 342 Fisher Paykel 50 . 343 — -2 343 — 23.0 3.3 11.5 1.84 8.6 326 225 Fletcher Chai 50 . 322 — -4 322 — 40.0 6.2 22.0 3.38 4.5 65 49 Fleur 50 50 54 — 4-1 — — 8 0 b 7.4 9.2 — 10.8

1984/85 High Low Share, Par Last Sale Change Day Week Quotations Buy Sell Div. % Div. Yield Earn. Yield Asset Bkg P/E Ratio 190 165 Forest Inv 100 165 — — 300 300 — — 2.7 1.65 36.6 130 95 Fortuna 50 125 — +13 — — 14.0 b 5.6 3.2 ,&4 30.4 105 95 Foveaux Radio 100 . . . . . 102 — — — 105 — — — — 205 155 Fund NZ 100 . 175 — — — — 6.0 3.4 — — 125 85 Gen Props 50 120 — +2 118 — 10.0 4.1 3.3 .74 30.0 138 75 Genestock 50 82 — +7 80 — — — — — — 54 47 Golden Bay 50 53 — — 53 54 10.0 9.4 24.3 1.20 4.1 23 16 Goliath 25 16 — -1 15 17 — — — — — 390 280 Goodman 50 390 — +2 — 390 24.0 3.0 8.0 2.05 12.3 51 40 Grocorp 50 48 — +1 47 49 — — — — — 185 125 Grosvenor 25 . 180 — +5 — — 20.0 2.7 2.6 1.72 37.5 230 180 Hallenstein Bros 50. . . . . 195 — +5 — — 21.5 5.5 13.2 2.37 7.5 95 80 Hauraki Ent 25 92 — +2 90 — 16.0 4.3 19.6 .33 5.0 225 165 HB Trans Holds 100 .. . . 210 — — — — 17.0 8.0 18.9 2.70 5.2 218 155 Henry Berry 50 . 215 — +3 215 — 26.0 6.0 13.2 2.24 7.5 20 9 Horizon 25 12 — -1 12 13 — — — — 125 107 Hortic Inds 50 107 — -1 105 110 12.5 b 5.8 6.3 1.04 15.7 135 110 Hume Inds NZ 50 120 — +3 115 120 20.0 8.3 15.3 1.65 6.5 312 250 Huttons NZ 100 . 300 — +5 — — 14.0 4.6 12.6 .64 7.9 315 270 ICI NZ 50 (a) . 310 — +5 — — 33.0 5.3 13.2 3.02 7.5 155 140 Ind Broad 50 120 — -20 — — 16.0 6.6 12.4 . 78 8.0 340 260 Ind Newspapers 50 ... . 330 — — — 335 19.0 2.8 9.5 1.88 10.4 180 145 Intertasman 50 180 — — — — 10.0 2.7 12.9 .01 7.7 275 182 Invest Fin 50 . 240 — — — — 5.0 1.0 4.0 1.05 24.7 125 100 Irvin Stern 50 . 110 — +5 — — — — — — — 480 375 IWDow 50 450 — -10 — 465 38.0 4.2 18.4 3.54 5.4 510 308 J Hardie Imp 50 (d) . . . . 390 — -10 — 400 36.0 4.6 13.2 3.12 7.5 190 165 James Smith 50 . 175 — — — — 19.0 5.4 10.6 2.83 9.3 1420 660 Jarden 10 . 1420 — +20 1050 — 70.0 .4 — .45 — 77 52 Jedi Corp 10 (a) 66 — +2 — — 18.0 2.7 3.6 .36 27.5 105 80 John Burns 25 (a) . 90 — +2 — — 15.0 4.1 17.8 .91 5.5 305 295 John Edmond 100 . 305 — +5 300 350 18.0 5.9 12.9 3.67 7.7 280 210 J Webster 50 . 242 — +4 — — 20.0 4.1 10.5 1.72 9.4 450 295 Kearns Gatina 100 ... . 450 — + 100 400 — 15.0 3.3 8.2 2.51 12.1 72 54 Kidd Garrett 50 62 — — 62 65 8.0 6.4 — .35 — 58 50 Kingsgate 50 55 — -1 50 56 — — — .56 — 56 45 Kiwifruit 50 57 — +12 — — — — — 42 46 13 43 Kupe Oil 25 Lakeland 50 35 45 -1 45 48 - - - - - 50 41 Landmark 25 50 — +5 49 — 7.0 3.5 4.2 1.25 23.8 145 108 LWR Inds 25 . 122 — +2 120 122 36.0 7.3 18.6 1.50 5.3 80 70 Lanes Inds 50 76 — — — 80 — — .74 — 150 136 Laurenson 50 150 — — 140 — — — — — 412 326 L D Nathan 100 . 390 — — — — 22.0 5.6 20.5 4.23 4.8 90 40 Leisureland 50 85 — +6 — 90 11.0 b 6.4 — — — 290 205 Leyland 50 . 235 — +10 — — 24.0 5.1 10.4 2.94 9.5 145 80 Leyland Growth 50 ... . . 122 — +2 122 130 — — 80 50 L M Min 50 70 — -5 70 — — — 3.0 .09 33.3 312 218 Lion Brew 50 312 — +7 — — 31.0 4.9 8.7 2.98 11.4 300 200 Lusteroid 50 . 300 — — — — 20.0 3.3 7.5 1.81 13.3 64 385 45 238 Mainstay Props 50 ... . Mair 50 57 . 385 — +7 +20 56 57 5.0 30.0 4.3 3.8 4.7 17.5 .57 3.13 21.1 5.6 165 128 Manawatu Radio 100.. . 160 — -5 — — 14.0 8.7 12.3 .79 8.1 570 390 Manthel Holds 100 ... . . 600 — — — — 40.0 6.6 12.6 6.52 7.9 262 188 Marac Holds 50 . 200 — +5 — 200 36.5 9.1 9.5 1.15 10.5 153 132 Masport 50 . 141 — +1 . 142 — 14.0 4.9 11.9 1.26 8.3 140 110 McAlpine 50 130 -2 — 135 8.0 3.0 16.3 1.80 6.1 147 110 McConnell 50 . 143 — -2 — 145 20.0 6.9 2b.5 1.58 3.7 225 205 McKechnie Bros 50... . . 210 — — 215 17.0 4.0 19.5 2.39 5.1 40 28 Min Resces 20 32 — — 32 — — •— — .25 70 63 M O’Brien 50 65 — -3 65 70 15.0 11.5 24.9 .88 4.0 218 176 165 140 Mogal 50 (a) Montana Wines 50 165 . 160 — -5 160 20.0 20.0 6.0 6.2 29.0 19.8 1.78 2.87 3.4 5.0 410 360 Morrison PIM 50 . 410 — +10 420 — 28.0 3.4 8.0 1.92 12.4 200 135 Motor Holds 50 . 172 — — 160 175 22.0 6.3 10.6 1.83 9.3 555 400 Mt Cook Group 100. .. . 410 — +5 — 400 18.0 4.3 14.0 3.43 7.1 175 140 Moyes Groves 50 . 165 — +5 — 170 19.0 5.7 7.3 1.38 13.5 98 70 Nat Bloodstock 50 90 — +12 — 91 — — 460 200 360 165 . 364 —- +1 — — 47.6 6.5 15.0 2.81 6.6 Neil Holds 50 . 190 — — — — 8.0 2.1 8.4 2.11 11.8 330 277 Newmans 50 . 305 — — — 305 23.0 3.7 12.3 1.72 8.1 145 135 NZ Cement 100 145 — +3 143 145 12.5 8.6 14.9 2.87 6.6 570 165 NZ Equities 25 (a) . . . . . 410 — +10 380 420 — — 1.10 283 246 NZFP 50 (a) . 265 — +13 265 — 26.0 4.9 13.6 2.57 7.3 85 45 NZ Gold Fields 20 ... . . 85 — +20 85 — — .09 188 155 NZI Corp 50 182 — -2 183 — 17.0 4.6 11.5 1.23 8.6 360 280 NZI Gases 100 . 330 — +5 320 — 15.0 4.5 8.4 3.11 11.7 120 70 NZ Leathers 50 95 — +5 90 95 10.0 5.2 53.5 .96 1.8 150 98 NZ Marine Farms 100. . . 112 — -2 110 115 — — — 575 460 NZ News 100 . 575 — — — 575 22.0 3.8 11.4 4.22 8.6 52 35 NZ Oil, Gas 50 38 — -1 37 40 — — — 368 100 NZ Petroleum 25 (a). . . . 360 — -5 — 360 — — .25 119 240 102 195 NZ Prop Trust 100 ... . NZ Refining 100 . 110 195 - +4 -5 108 205 11.4 14.0 10.3 7.1 25.9 3.90 3.8 400 275 NZ Salmon 50 . 330 — — — 330 — 275 223 NZ Steel 100 . 270 — +5 — 275 18.0 6.6 16.8 2.96 5.9 76 58 NZ Venture 50 64 — -5 - 68

1984/85 High Low Share, Par Last Sale Change Day Week Quotations Buy Sell Div. Div. Yield Earn. Yield Asset Bkg P/E Ratio 65 40 Northland FM 50 65 — +5 60 — — — — — — 84 72 Northrop 25 76 — -2 — 80 — — — — — 270 240 Nuhaka 100 . 240 — — — — — — — 3.36 — 16 9 Oilfields ctb 25 12 —— —- 12 13 — — — — 185 180 Opio Forestry 100 185 — — 200 — — 2.0 .98 48.6 144 132 Omnicorp 50 135 — -9 133 — — — — — — 350 300 OHL Corp 50 330 — -10 — — 20.0 3.0 10.5 1.26 95 600 483 Otago Pp 100 600 — — 580 — 20.0 3.3 10.6 2.61 9.3 355 120 Pacer Corp 50 . 340 — + 10 — — — — — — — 520 485 PDL Holds 50 520 — — 515 520 30.0 2.8 12.3 3.25 8.0 96 75 Perry Dines 25 78 — — 75 — 22.0 7.0 18.5 .73 5.3 15 4 Petro Tar 25 7 — — — 8 — — — — — 102 65 75 — +3 — 80 — — — — — 175 165 Prudential 100 . 170 — 165 175 20.0 11.7 13.5 1.86 7.3 350 288 Progressive 50 . 310 — -20 310 — 11.5 1.8 4.9 1.50 20.3 660 280 Qtron 50 . 660 — +35 — — 22.0 1.6 3.2 3.07 30.8 71 58 Queenstown 40 69 — +4 68 — — — — — — 150 135 Quill Humph 50 150 — +5 150 200 20.0 6.6 12.0 1.46 8.2 155 120 Radio Avon 25 155 — +5 150 — 30.0 4.8 5.7 .73 17.4 130 110 Radio Otago 25 . 130 — — — — 15.0 2.8 4.0 .32 25.0 210 155 Radio Pacific 50 . 200 — + 10 — — — — — — 180 83 Rainbow 20 . 180 — +14 — — — — 1.5 .23 66.6 345 275 Ra Ora 50 295 — — — 295 8.0 1.3 2.3 1.17 43.3 175 150 Reid Farmers 25 (a) . . . 165 — — — — 25.0 3.7 8.9 1.04 11.2 155 115 Regina 20 100 — -13 — 120 10.0 2.0 3.4 .71 29.4 150 108 Renouf Corp 50 145 — +3 — — 12.0 4.1 3.7 .63 26.8 132 75 R W Hellaby 50 120 — — — — 7.0 2.9 — 1.47 — 180 130 Repco NZ 50 170 — -5 170 — 15.0 4.4 11.4 1.28 8.7 295 235 Revertex 50 . 235 — — — — 15.0 3.1 10.2 1.32 9.7 118 100 R Jones 50 . 108 — -5 158 110 7.5 3.4 14.6 .81 6.8 190 223 — +1 — — 23.5 5.2 18.1 2.08 5.5 345 295 R W Saunders 50 . 300 — 300 — 20.0 3.3 8.1 2.70 12.3 337 300 Salmond Inds 100 . 310 — — — — 17.0 5.4 19.7 3.42 5.0 278 160 Sanford 50 . 278 — +3 275 — 21.5 3.8 18.8 1.38 5.2 250 220 Selby Shoes 50 . 240 — — — — 20.0 4.1 10.2 1.53 9.7 175 140 Skellerup 25 (a) . 173 — -1 170 175 25.0 3.6 11.5 3.17 8.6 195 100 Smart Group 50 100 — -10 — — — — .43 — 225 160 Smith-Biolab 50 220 — — — — 19.0 4.3 12.0 1.90 8.2 450 365 Smiths City Mkt 100 .. . 435 — — 435 — 15.0 3.4 15.1 2.39 6.5 170 130 Southland Meat 50 ... . 140 — — 140 145 17.5 6.2 17.6 1.97 5.6 14 4 Sthn Petroleum 25 ... . 5 — — 5 6 — — — — — — — Sovereign 25 6 — — — — — — — — — 31 20 Spectrum 25 27 — — 27 28 — — — — — 275 215 Steel Tube 50 . 255 — — — — 25.0 4.9 18.6 2.88 5.3 120 100 Stereo FM 100 . 100 — — — — — — — — — 280 250 Stevens 100 . 260 — -10 — — 11.5 4.4 9.0 1.81 11.1 102 70 Tag 50 85 — — — 90 10.0 5.8 11.2 .94 8.8 60 54 Tag Proplink 40 54 — -1 — — — — — — — 480 340 Taylors Dry 100 . 435 — — — 450 17 0 3.9 9.0 2.38 11.0 310 270 Tolley Holds 100 . 275 — — — 280 19.0 6.9 15.2 2.21 6.5 100 95 Trans Ashb 50 . 100 — — 100 — 16.0 8.0 14.4 .94 6.9 300 250 Trans Nth Canty 100. . . . 300 — — 295 — 17.0 5.6 10.6 4.98 9.3 197 151 UEB Inds 50 . 160 — -2 — — 25.0 7.8 16.7 1.78 5.9 48 35 Utd Resources 50 45 — — — — — — — — — 190 60 Utd Trt 50 175 — +13 — — 10.0 b 2.8 7.4 .74 13.4 348 218 Unity 50 . 310 — +5 — 310 12.5 2.0 3.2 1.19 30.6 200 168 Viko Holdings 25 . 182 — +2 — — 40.6 5.5 15.3 1.39 6.5 140 130 Visionhire 50 130 — — 125 135 18.0 6.9 9.9 — 10.0 70 53 Waikato Stud 25 66 — +1 56 — — — 4.3 .57 22.7 228 155 Waitaki NZR 50 (a). . . . . 220 — -5 220 222 24.0 5.4 14.4 1.94 6.9 400 330 Wattie Inds 50 387 — +2 835 388 28.0 3.6 10.4 2.83 9.5 560 470 Welgas 50 . 560 — +5 — — 20.0 1.7 5.9 2.58 16.7 255 142 Wenrich 50 . 240 — -10 — — — — — — — 125 115 Westbridge 50 . 115 — — — — 6.0 2.6 2.3 1.54 42.5 505 378 Westpac Merchant 50. . . . 390 — — — — 34.0 4.3 8.8 2.04 11.2 320 220 Wilkins Davies 50 . 265 — +5 — — 20.0 3.7 14.0 2.03 7.1 245 215 W Jeffery 100 . 215 — — 215 — 16.0 7.4 12.9 2.70 7.7 140 100 Wills Props 50 . 118 — -2 — 120 8.0 3.3 22.0 1.84 4.5 618 380 Wilson Horton 50 . 615 — +5 — — 20.0 1.6 11.8 3.52 8.4 208 135 Wilson Neill 50 208 — +8 180 — 21.0 5.0 9.2 1.47 10.8 183 156 Winstone 50 . 167 — +2 166 168 15.0 4.4 11.3 1.63 8.8 225 180 Wormaid NZ 50 (a)... . 180 — -20 — 205 15.0 4.1 20.5 3.23 4.8 295 197 Yates Corp 50 208 — +3 — - 22.5 5.4 8.5 1.81 11.7 Mean dividend yield 3.4 per cent. Median dividend yield 3.7 per cent. Mean earnings yield 8.5 per cent. Median earnings yield 8.5 per cent. Mean P/E ratio 11.9. Median P/E ratio 8.8.