N.Z. SHAREMARKET

Press, 10 August 1985, Page 25

N.Z. SHAREMARKET

Friday, August 9, 1985

Mean dividend yield 3.4 per cent. Mean earnings yield 8.7 per cent. Mean P/E ratio 12.1.

Median dividend yield j. 7 per cent. Median earnings yield 8.4 per cent. Median P/E ratio 9.1.

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 Week Quotations Div. % Div. Yield Earn. Yield Asset Bkg P/E Ratio Buy Sell 185 130 Abacus 50 175 — 180 175 18.0 5.1 8.9 .75 11.2 132 96 AIC Finance 50 112 +12 110 — 7.0 3.1 9.2 .57 10.7 235 180 Ajax McPhersons 50 . . 195 — — 198 26.0 6.6 14.9 2.41 6.7 286 179 Alcan NZ 50 . 285 +5 280 — 24.0 4.2 11.6 2.28 8.5 367 278 Alex Harvey 50 . 338 — — — 28.0 4.1 9.9 1.84 10.0 97 75 Allegra 50 90 — 95 — — — — — 395 270 Allflex Holds 50 270 -30 — 370 30.0 5.5 23.2 1.74 4.2 205 140 Alliance 25 . 205 +3 — — 33.0 4.0 12.4 1.06 8.0 235 190 A M Bisley 50 215 — — — 26.0 6.0 4.4 2.53 22.3 216 142 Andas Group 50 142 -8 — — 20.0 7.0 13.2 1.17 7.5 50 48 Angora 40 48 — 48 50 — — — — — 220 160 Angus 50 200 -15 200 — 19.0 4.7 4.3 1.40 23.2 165 150 Anzon 50 150 -10 — 155 — — — — — 348 273 ANZ Bank NZ 50 292 +2 292 — 20.0 3.4 15.3 1.45 6.5 315 150 Apex 50 . 315 — 310 315 — — — — — 205 155 Apparel 50 170 +3 — — 15.0 4.4 9.4 1.39 10.6 320 270 Arnold Wright 50 310 — — — 22.0 3.5 8.1 2.72 12.3 310 260 Arthur Barnett 50 290 — — 295 22.0 3.7 11.2 3.91 8.8 152 80 Arthur Ellis 100 150 +2 150 160 6.0 4.0 6.2 1.38 16.1 545 535 Ashbv Bergh 100 535 — — 545 25.0 4.6 4.9 6.67 20.2 285 240 AB Cables 50 240 -5 240 — 25.0 5.2 12.2 1.36 8.1 435 202 Atlas Maj 50 435 + 10 — — 1.0 .1 4.0 .97 25.0 328 265 Auckland Gas 50 . 328 +3 — — 20.0 3.0 8.6 2.61 11.5 235 180 Aurora Group 25 . 235 +15 — — 15.0 1.5 16.5 1.84 6.0 275 175 Autocrat Sanyo 100 ... . 175 -10 — 205 12.0 6.8 10.8 2.35 9.2 230 180 Baillie Mtrs 50 . 230 — 200 — 18.0 3.9 7.3 1.87 13.5 319 203 Baker Group 50 299 -1 10.0 1.6 6.9 .50 14.3 255 200 BNZ Finance 25 250 +8 — — 25.0 2.5 5.1 .53 19.5 315 260 Barclay NZ 20 . 265 — — — 50.0 3.7 6.9 .87 14.4 115 77 Batley 100 77 -1 — — — — — — — 300 256 Bendon Inds 25 285 -20 280 290 56.0 4.9 10.3 .86 9.6 50 40 Big Apple 50 50 — 50 50 — — — — — 100 82 Blandford 50 82 -3 82 — — — — — — 20 13 Bridgevale 25 18 — — 20 — — — .22 — 565 368 Brierley 50 565 +10 564 566 15.0 1.3 4.8 1.54 20.7 260 245 Brother 50 260 +5 255 — 20.0 3.8 11.4 1.92 8.7 550 282 CPD 100 550 +143 412 412 30.0 5.4 15.1 4.91 6.6 430 430 Canty Roll Flour 100. . . . 430 — — — 20.0 4.6 10.1 4.16 9.8 122 100 Cap Radio 25 120 — — , — — — .4 .23 — 245 137 Carbonic Ice 50 185 -15 170 190 16.0 4.3 14.8 1.65 6.7 135 105 Carborundum 50 125 -12 130 137 — — — — — 100 80 Cardrona 100 82 — — 84 — — — — — 345 235 Carter Holt 50 . 235 +3 232 235 22.0 4.6 15.2 2.07 6.5 240 152 Cavalier Elco 50 . 200 -4 — — 16.0 4.0 5.8 1.04 17.2 445 280 Ceramco 100 445 +13 420 — 25.0 5.6 13.4 3.54 7.4 122 110 Cerebos 50 115 -3 110 — — — — — — 142 100 Charter 50 102 -8 100 — — — — — — 340 172 Chase 20 340 +12 — — 25.0 1.4 .7 .28 — 195 142 Chemby 50 170 — 175 175 17.0 5.0 21.3 1.57 4.6 316 225 Chch Press 50 . 230 — 235 230 16.0 c 3.4 8.2 1.37 12.1 80 66 City Realties 10 68 +2 67 68 28.0 4.1 4.8 .27 20.6 56 47 Clearwood 50 56 +6 — — — — — — — 48 27 Clypex 25 45 -1 — 47 5.0 2.7 5.5 .26 18.0 18 10 Coal Energv 25 14 +1 — 15 — — — .19 — 420 300 Colonial Motor 50 420 — 395 — 19.0 2.2 8.5 3.07 11.6 335 230 Colver Watson 100 . . . . . 330 — — 5.0 1.5 7.2 2.05 13.8 305 260 Command Corp 50 ... . 265 -5 — — 34.0 6.4 17.7 1.31 5.6 82 49 Comm Securities 50. . . . 70 -2 68 75 2.5 1.7 17.0 .66 5.8 55 35 Commodore 25 35 -2 35 38 — — — — — 225 150 CCL 50 225 +5. — 230 20.0 4.4 8.4 1.09 11.7 310 200 Consol Metal 50 280 — — 280 23.0 4.1 10.0 2.55 9.9 28 14 Con Enterprises 4 14 — 13 16 — — — — — 62 50 Cooks Wine 50 57 +7 50 53 — — — .64 — 280 148 Corp Inv 50 270 + 10 — — 12.0 2.2 4.4 .84 22.6 380 220 Cory Wright 100 380 +5 350 400 17.0 4.4 13.9 3.01 7.1 460 400 Cromwell 460 400 -5 — — — — — — — 202 125 Crown 50 200 +20 200 — 20.0 5.0 9.0 1.69 11.1 27 8 Cue Energv 25 17 -1 17 19 — — — .24 — 150 120 DIC 100 . 145 +3 145 — 10.0 6.8 9.5 1.53 10.4 320 287 Dingwall Paulger 100. . . 280 -10 130 — 20.0 7.1 20.0 4.07 5.0 308 163 Dominion Brew 50 ... . . 276 +16 — — 22.5 4.0 7.0 2.59 14.2 272 207 Donaghys Ind 50 250 -10 — 260 22.0 4.4 13.0 2.22 7.6 135 115 DRG NZ 50 132 +2 120 — 19.0 7.1 15.1 1.95 6.6 117 91 East Deer 50 . 108 +3 108 — — — — — — 235 163 East Gas 50 225 -5 — 230 10.0 2.2 4.8 .53 20.4 320 230 Ebos Dental 50 320 — 320 330 22.5 3.5 11.0 2.11 9.0 291 196 EMCO Group 100 268 -2 268 — 17.0 6.3 13.3 2.64 7.4 205 138 Endeavour 25 145 — — 150 40.0 6.8 15.5 1.29 6.4 280 124 Equiticorp 40 260 -10 — — 7.5 1.1 3.5 .61 27.9 545 500 Ernest Adams 100 520 — — — 20.0 3.8 11.0 3.95 9.0 164 127 FTC 25 142 +1 — — 24.0 4.2 10.9 1.06 9.1 290 204 Feltex NZ 50 285 + 5 285 — 25.0 4.3 11.5 3.17 8.6 263 223 Fernz Corp 100 256 + 1 258 260 18.0 7.0 8.2 2.98 12.0 240 190 Firestone NZ 100 195 +5 195 — 15.0 7.6 34.2 2.79 2.9 137 100 First City 100 105 -10 105 112 2.5 2.3 6.5 1.04 15.2 390 313 Fisher Pavkel 50 313 +2 — — 24.0 3.8 13.4 2.04 7.4 350 225' Fletcher Chai 50 344 -6 343 345 40.0 5.8 14.7 3.20 6.7 65 46 Fleur 50 50 46 + 1 45 — 8.0 b 8.6 10.8 — 9.2

1985 High Low Share, Par Last Sale Change Week Quotations Div. % Div. Yield Earn. Yield Asset Bkg P/E Ratio Buy Sell 190 165 Forest Inv 100 165 — 200 300 — — 2.7 1.65 36.6 130 95 Fortuna 50 124 -1 — 125 14.0 b 5.6 3.3 .64 30.2 105 95 Foveaux Radio 100 . . . . 100 — — 95 — — — — — 300 155 Fund NZ 100 300 +30 — — 6.0 2.0 — — — 130 85 Gen Props 50 130 +2 125 — 10.0 3.8 3.0 .74 32.5 138 72 Genestock 50 75 — — — — — — — — 57 47 Golden Bay 50 57 +3 57 55 10.0 8.7 22.6 1.20 4.4 23 13 Goliath 25 15 +1 14 15 — — — — — 415 280 Goodman 50 . 375 +20 370 385 26.0 3.4 8.5 1.93 11.6 65 40 Grocorp 50 65 +5 65 70 — — — — — 220 125 Grosvenor 25 . 212 -3 — — 28.0 3.3 2.6 2.14 37.8 230 180 Hallenstein Bros 50. . . . . 215 — — 220 21.5 5.0 12.0 2.37 8.3 95 80 Hauraki Ent 25 . 90 — — — 16.0 4.4 20.1 .33 4.9 225 165 HB Trans Holds 100 .. . . 225 — — 225 17.0 7.5 17.6 2.70 5.6 260 155 Henrv Berry 50 . 255 — — 265 26.0 5.0 11.1 2.24 8.9 20 9 Horizon 25 14 +1 14 15 — — — — — 125 104 Hortic Inds 50 . 110 +2 — 114 12.5 b 5.6 6.1 1.04 16.1 135 110 Hume Inds NZ 50 125 +3 — — 20.0 8.0 14.7 1.65 6.7 312 250 Huttons NZ 100 . 295 — — 300 14.0 4.7 12.8 .64 7.7 325 250 ICI NZ 50 . 250 — — 260 33.0 6.6 16.4 3.02 6.0 155 120 Ind Broad 50 . 120 — — — 16.0 6.6 12.4 .78 8.0 342 260 Ind Newspapers 50 ... . 340 +35 280 — 24.0 3.5 9.9 1.81 10.0 185 145 Intertasman 50 . 170 — — 180 10.0 2.9 13.7 .01 7.2 50 42 Invesco 50 42 -3 — 45 — — — — — 275 182 Invest Fin 50 . 245 +28 240 — 5.0 1.0 3.9 1.05 25.2 125 90 Irvin Stern 50 105 +3 105 110 — — — — — 480 375 IWDow 50 445 +10 430 440 38.0 4.2 18.6 3.54 5.3 255 153 J Hardie Imp 50 180 -10 — 195 36.0 10.0 28.6 3.12 3.4 190 165 James Smith 50 . 185 +1 — — 19.0 5.1 10.1 2.83 9.8 180 66 Jarden 10 160 +10 150 — 70.0 4.3 — .45 — 77 52 Jedi Corp 10 67 -2 66 70 18.0 2.6 3.5 .36 27.9 105 80 John Burns 25 83 -2 80 — 15.0 4.5 19.3 .91 5.1 — 955 John Edmond 100 . 100 + 12 900 105 18.0 18.0 39.4 3.67 2.5 283 210 J Webster 50 . 230 +7 — — 20.0 4.3 11.0 1.72 9.0 480 265 Kearns Oatina 100 .... . 265 -215 150 — 15.0 5.6 14.0 2.51 7.1 72 54 Kidd Garrett 50 62 -3 62 — 8.0 6.4 — .35 — 65 50 Kingsgate 50 65 +9 62 65 — — 2.6 .54 38.2 71 45 Kiwifruit 50 62 — — 70 — — — — — 54 13 Kupe Oil 25 54 +2 54 55 — — — — — 49 43 Lakeland 50 48 — 48 49 — — — — — 54 41 Landmark 25 54 -3 53 54 6.7 3.1 4.4 .50 22.5 145 108 LWR Inds 25 . 136 +1 — 137 36.0 6.6 16.6 1.50 5.9 80 70 Lanes Inds 50 76 — — — — — — .74 — 170 136 Laurenson 50 . 170 +5 165 — — — — — — 412 326 L D Nathan 100 . 405 +15 — 405 22.0 5.4 19.7 4.23 5.0 107 40 Leisureland 50 90 -5 85 95 11.0 b 6.1 — — — 290 205 Leyland 50 . 235 +5 — 350 24.0 5.1 10.4 2.94 9.5 145 80 Leyland Growth 50 ... . 110 -2 100 •— — — — — — 85 50 L M Min 50 85 +9 85 88 — — 2.4 .09 40.4 372 218 Lion Brew 50 . 358 -2 358 360 31.0 4.3 7.5 2.98 13.1 300 200 Lusteroid 50 . 210 — — — 20.0 4.7 10.7 1.81 9.3 64 45 Mainstay Props 50 ... . 61 +6 60 61 5.0 4.0 4.4 .57 22.5 395 238 Mair 50 . 350 -25 — 355 30.0 4.2 19.3 3.13 5.1 165 128 Manawatu Radio 100.. . . 160 150 — 14.0 8.7 12.3 .79 8.1 640 312 Manthel Holds 100 ... . . 630 — — — 40.0 6.3 12.0 6.52 8.3 262 188 Marac Holds 50 200 -10 200 — 36.5 9.1 9.5 1.15 10.5 153 127 Masport 50 127 -4 125 130 14.0 5.5 11.8 1.35 8.4 140 110 McAlpine 50 . 125 — — 135 8.0 3.2 17.0 1.80 5.8 148 110 McConnell 50 148 +3 145 150 20.0 6.7 25.6 1.58 3.8 225 205 McKechnie Bros 50 ... . 220 +5 220 220 17.0 3.8 18.6 2.39 5.3 40 28 Min Resces 20 28 -4 — — — — — .25 — 70 63 M O’Brien 50 65 — 50 — 15.0 11.5 24.9 .88 4.0 218 165 Mogal 50 185 +10 175 185 20.0 5.4 25.9 1.78 3.8 176 140 Montana Wines 50 . 162 +2 — — 20.0 6.1 19.6 2.87 5.0 430 360 Morrison PIM 50 430 +10 — 500 28.0 3.2 7.6 1.92 13.0 200 128 Motor Holds 50 . 130 +6 — 22.0 8.4 30.0 2.00 3.3 555 400 Mt Cook Group 100. .. . . 520 — — 530 18.0 3.4 11.0 3.43 9.0 190 140 Moyes Groves 50 . 190 +30 180 — 26.0 6.8 16.9 1.57 5.9 130 70 Nat Bloodstock 50 . 148 -12 — — — — — — — 460 360 Nat Insce 50 390 +10 385 — 47.6 6.1 14.0 2.81 7.1 330 277 Newmans 50 305 +3 298 300 23.0 3.7 12.3 1.72 8.1 145 135 NZ Cement 100 . 145 — 145 — 12.5 8.6 14.9 2.87 6.6 570 165 NZ Equities 25 . 430 — 420 435 — — — 1.10 — 290 246 NZFP 50 . 266 -4 265 270 29.0 5.4 17.1 2.65 5.8 140 45 NZ Gold Fields 20 ... . 140 +25 — 140 — — — .09 — 223 155 NZI Corp 50 170 -5 — 171 17.0 5.0 10.8 1.03 9.2 360 280 NZI Gases 100 360 +10 360 — 15.0 4.1 7.7 3.11 12.8 120 70 NZ Leathers 50 90 — 90 100 10.0 5.5 56.5 .96 1.7 130 98 NZ Marine Farms 100 . . 110 -7 112 — — — — — — 620 460 NZ News 100 620 +10 — — 22.0 3.5 10.6 4.22 9.3 52 35 NZ Oil, Gas 50 40 — 40 41 — — — — — 368 100 NZ Petroleum 25 340 +20 — 350 — — — .25 — 119 102 NZ Prop Trust 100 .... 110 — 110 — 11.4 10.3 — — — 240 185 NZ Refining 100 . 185 -7 — 195 14.0 7.5 27.3 3.90 3.6 400 275 NZ Salmon 50 . 305 -5 300 315 — — — — — 295 170 NZ Steel 100 . 170 -25 — 200 18.0 10.5 42.5 3.47 2.3 70 56 NZ Venture 50 65 +8 55 65 — — — — — 65 40 Northland FM 50 65 — 60 75 — — — —

1985 High Low Share, Par Last Sale Change Week Quotations Div. Div. Yield Earn. Yield Asset Bkg P/E Ratio Buy Sell 85 72 Northrop 25 85 +5 80 85 — — — — — 270 240 Nuhaka 100 . 250 — 240 — — — — 3.36 — 16 9 Oilfields ctb 25 13 -1 14 — — — — — — 185 180 Opio Forestry 100 185 — — 190 — — 2.0 .98 48.6 144 128 Omnicorp 50 128 — 125 135 — — — — 350 135 OHL Corp 25 120 -10 — — 20.0 4.1 28.9 1.26 3.4 615 483 Otago PP 100 . 600 -15 600 20.0 3.3 10.6 2.61 9.3 440 120 Pacer Corp 50 . 440 +10 — 440 — — — — — 540 485 PDL Holds 25 (a) 540 +270 270 — 30.0 1.3 11.9 3.25 8.3 96 70 Perry Dines 25 80 + 10 78 85 22.0 6.8 18.1 .73 5.5 15 4 Petro Tar 25 7 — 6 — — — — — — 102 65 Powercorp 25 82 +2 — 80 — — — — — 25 15 Premier 25 18 — — 20 — — — — — 175 165 Prudential 100 170 — 170 175 20.0 11.7 13.5 1.86 7.3 373 288 Progressive 50 373 373 375 11.5 1.5 5.2 1.38 19.0 750 280 Qtron 50 700 -50 — 700 22.0 1.5 3.0 3.07 * 32.7 80 58 Queenstown 40 80 +12 — 67 — — — —- — 170 135 Quill Humph 50 170 — 175 225 20.0 5.8 10.6 1.46 9.3 155 120 Radio Avon 25 155 +5 150 155 30.0 4.8 9.0 .84 10.9 140 110 Radio Otago 25 140 + 10 — — 15.0 2.6 3.7 .32 26.9 220 155 Radio Pacific 50 . 215 — — — — — — — — 242 83 Rainbow 20 175 -5 175 180 — — 1.5 .23, 64.8 345 275 Ra Ora 50 . 300 -5 300 308 8.0 1.3 2.2 1.17 44.1 175 150 Reid Farmers 25 173 +3 — — 25.0 3.6 8.4 1.04 11.7 155 90 Regina 20 95 — 92 — 10.0 2.1 3.5 .71 27.9 195 108 Renouf Corp 50 195 + 15 160 170 12.0 3.0 2.7 .63 36.1 185 75 R W Hellaby 50 170 -18 — 185 7.0 2.0 — 1.47 — 180 130 Repco NZ 50 177 +2 177 — 15.0 4.2 10.9 1.28 9.1 295 230 Revertex 50 . 230 — — — 15.0 3.2 10.5 1.32 9.5 143 100 R Jones 50 143 +9 — 142 7.5 2.6 11.0 .81 9.0 252 190 Rothmans 50 252 +2 250 — 23.5 4.6 16.0 2.08 6.2 345 295 R W Saunders 50 . 310 +10 310 320 20.0 3.2 7.8 2.70 12.7 337 300 Salmond Inds 100 . 320 — — 320 17.0 5.3 13.1 2.32 7.6 290 160 Sanford 50 285 — — 290 21.5 3.7 18.4 1.38 5.4 250 220 Selby Shoes 50 . 230 — — — 20.0 4.3 10.6 1.53 9.3 175 140 Skellerup 25 164 +4 163 165 25.0 3.8 12.1 3.17 8.2 195 90 Smart Group 50 90 — 85 — — — — .43 — 265 160 Smith-Biolab 50 . 265 +7 250 — 19.0 3.5 10.0 1.90 9.9 670 365 Smiths City Mkt 100 .. . 670 +65 — 670 15.0 2.2 9.8 2.39 10.1 170 130 Southland Meat 50 ... . 140 — 142 — 17.5 6.2 17.6 1.97 5.6 14 4 Sthn Petroleum 25 ... . 7 +1 6 7 — — — — — 6 6 Sovereign 25 6 — — — — — — — — 31 20 Spectrum 25 27 +1 26 28 — — — — — 230 195 Steel Tube 50 . 207 +2 — 210 25.0 6.0 22.9 2.88 4.3 120 90 Stereo FM 100 90 — — 100 — — — — — 280 220 Stevens 100 260 — 200 240 11.5 4.4 9.0 1.81 11.1 102 70 Tag 50 87 +2 80 — 10.0 5.7 11.0 .94 9.0 55 54 Tag Proplink 40 50 -5 — — — — — — —- 480 340 Taylors Dry 100 435 +12 — 440 17.0 3.9 9.0 2.38 11.0 310 270 Tolley Holds 100 . 275 — — — 19.0 6.9 15.2 2.21 6.5 160 95 Trans Ashb 50 140 — — 140 16.0 5.7 10.2 .94 9.7 320 250 Trans Nth Canty 100 .. . . 300 — 290 — 17.0 5.6 10.6 4.98 9.3 197 151 UEB Inds 50 165 -7 165 175 25.0 7.5 17.0 1.99 5.8 48 35 Utd Resources 50 40 — 40 45 — — — — — 265 60 Utd Trt 50 . 260 — — — 10.0 b 1.9 5.0 .74 20.0 355 218 Unity 50 . 325 +5 — — 12.5 1.9 3.1 1.19 32.1 55 43 Venturecorp 50 44 -1 40 43 — — — — — 200 168 Viko Holdings 25 200 +5 195 215 40.6 . 5.0 14.0 1.39 7.1 140 130 Visionhire 50 132 — 130 135 18.0 6.8 9.7 — 10.2 70 53 Waikato Stud 25 57 -2 — 60 — — 5.0 .57 19.6 275 155 Waitaki NZR 50 235 +3 235 240 24.0 5.1 13.4 1.94 7.4 470 330 Wattie Inds 50 . 470 +10 — 470 28.0 2.9 8.5 2.83 11.6 628 470 Welgas 50 . 628 +8 628 — 20.0 1.5 7.6 2.54 13.0 255 142 Wenrich 50 . 170 -10 — — — — —■ — — 125 105 Westbridge 50 . 105 — — no 6.0 2.8 2.5 1.54 38.8 530 378 Westpac Merchant 50. . . 530 — — — 34.0 3.2 6.5 2.04 15.2 320 220 Wilkins Davies 50 270 — 265 — 23.0 4.2 16.7 2.06 5.9 245 215 W Jeffery 100 215 — 215 — 16.0 7.4 12.9 2.70 7.7 140 100 Wills Props 50 122 +9 122 125 8.0 3.2 21.3 1.84 4.6 665 380 Wilson Horton 100 700 +30 — • — 15.0 2.1 7.7 3.31 12.8 220 135 Wilson Neill 50 200 -10 — 200 21.0 5.2 17.3 1.39 5.7 183 156 Winstone 50 . 175 -2 175 — 15.0 4.2 10.8 1.63 9.2 225 180 Wormaid NZ 50 . 200 -10 — 215 15.0 3.7 18.5 3.23 5.4 295 197 Yates Corp 50 . 230 +5 230 235 22.5 4.8 7.6 1.81 12.9