THE PRESS N.Z. SHAREMARKET

Press, 11 September 1985, Page 35

THE PRESS N.Z. SHAREMARKET

Tuesday, September 10, 1985

Mean dividend yield 3.5 per cent. Mean earnings yield 9.0 per cent. Mean P/E ratio 8.8.

Median dividend yield 3.5 per cent. Median earnings yield 8.4 per cent. Median P/E ratio 6.6.

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. b, dividend forecast. c, dividend adjusted to annual basis. d, profit adjusted to annual basis. e, shares partly paid up. f, no allowance for exchange difference. g, ex dividend, rights or bonus. h, capital reconstruction. k, dividend is 16%, but shares are only paid up to 25c.

1985 High Low Share, Par Last Sale Change Week 185 130 Abacus 50 170 — 132 96 AIC Finance 50 . 112 + 12 235 180 Ajax McPhersons 50 . . . 190 +2 290 179 Alcan NZ 50 270 -5 105 75 Allegra 50 106 +6 330 225 Allflex Holds 50 220 -10 208 140 Alliance 25 175 -7 235 190 A M Bisley 50 195 -15 216 105 Andas Group 50 106 -2 50 44 Angora 40 44 -6 260 160 Angus 50 230 — 165 125 Anzon 50 128 +3 348 273 ANZ Bank NZ 50 285 +5 320 150 Apex 50 290 -10 205 155 Apparel 50 . 170 + 5 320 270 Arnold Wright 50 . 310 — 310 260 Arthur Barnett 50 . 290 — 152 80 Arthur Ellis 100 115 -35 545 535 Ashby Bergh 100 535 — 285 235 AB Cables 50 . 240 — 448 202 Atlas Maj 50 . 445 -10 335 265 Auckland Gas 50 315 -15 235 180 Aurora Group 25 205 + 15 275 160 Autocrat Sanyo 100 ... . . 150 -10 230 180 Baillie Mtrs 50 . 230 +5 319 203 Baker Group 50 254 -21 255 200 BNZ Finance 25 235 -10 315 260 Barclay NZ 20 . 265 — 115 75 Batley 100 81 +3 265 60 Betacorp 50 215 —5 305 256 Bendon Inds 25 275 +13 57 40 Big Apple 50 53 -2 100 80 Blandford 50 81 + 1 23 13 Bridgevale 25 20 -3 586 368 Brierley 50 . 560 +7 260 245 Brother 50 260 — 386 256 CPD 100 315 — 430 430 Canty Roll Flour 100. . . 430 —* 130 100 Cap Radio 25 . 130 +10 245 137 Carbonic Ice 50 170 -10 135 105 Carborundum 50 121 — 100 80 Cardrona 100 95 — 232 196 Carter Holt 50 . 208 -4 240 152 Cavalier Elco 50 170 — 456 280 Ceramco 100 435 — 122 110 Cerebos 50 110 — 142 100 Charter 50 . 116 -6 342 172 Chase 20 . 315 4-5' 190 114 Chemby 50 +25 316 225 Chch Press 50 250 + 10 80 58 City Realties 10 62 +4 57 45 Clearwood 50 57 +6 56 27 Clypex 25 -4 18 10 Coal Energy 25 10 — 420 300 Colonial Motor 50... . 410 — 335 230 Colyer Watson 100 . . . . 330 — 305 260 Command Corp 50 . . . 260 — 82 49 Comm Securities 50. . . 70 +3 55 25 Commodore 25 25 — 240 150 CCL 50 . 240 — 310 200 Consol Metal 50 270 — 28 13 Con Enterprises 4. . . . 17 +4 62 50 Cooks Wine 50 52 +2 280 148 Corp Inv 50 260 — 192 110 Cory Wright 50 (a) . . . 145 -8 410 390 Cromwell 50 390 -10 203 125 Crown 50 . 168 —5 27 8 Cue Energy 25 23 — 165 120 DIC 100 . 150 -10 320 287 Dingwall Paulger 100. . . 290 — 285 140 Dominion Brew 50 . . . . 276 +1 210 162 Donaghys Ind 50 . 175 -5 185 115 DRG NZ 50 . 185 + 10 130 91 East Deer 50 110 -8 235 163 East Gas 50 200 —5 330 230 Ebos Dental 50 . 330 — 291 196 EMCO Group 100 .... 272 -3 205 135 Endeavour 25 135 -3 267 124 Equiticorp 40 245 —6 545 460 Ernest Adams 100. . . . 460 -60 305 194 Euro-Nat 50 270 + 10 164 127 FTC 25 . 141 -1 297 204 Feltex NZ 50 290 -3 263 223 Fernz Corp 100 245 -11 240 190 Firestone NZ 100 .... 210 — 137 100 First City 100 102 — 390 290 Fisher Paykel 50 ... . Fletcher Chai 50 . 290 -10 350 225 298 -4 65 43 Fleur 50 50 43 —3 290 165 Forest Inv 100 . 290 —

Quotations Div. % Div. Yield Earn. Yield Asset Bkg P/E Ratio Buy Sell 21.0 6.1 9.4 .81 10.6 105 115 7.0 3.1 9.2 .57 10.7 26.0 6.8 12.7 2.01 7.8 — 280 24.0 4.4 12.3 2.28 8.1 106 110 — — — — — — 30.0 6.8 23.8 1.45 4.1 175 180 33.0 4.7 13.2 .99 7.5 — 26.0 6.6 4.9 2.53 20.3 100 112 20.0 9.4 13.3 1.05 7.5 — 50 — — — — — — 260 19.0 4.1 3.7 1.40 26.7 125 — — — — — — 285 — 20.0 3.5 15.7 1.45 6.3 285 300 — — — — — — — 15.0 4.4 9.4 1.39 10.6 — — 22.0 3.5 8.1 2.72 12.3 290 — 22.0 3.7 11.2 3.91 8.8 — 120 6.0 5.2 8.0 1.38 12.3 475 500 25.0 4.6 4.9 6.67 20.2 240 — 25.0 5.2 12.2 1.36 8.1 — 20.0 2.2 13.6 1.49 7.3 — — 20.0 3.1 9.0 2.61 11.0 — 15.0 1.8 18.9 1.84 5.2 — 175 12.0 8.0 12.6 2.35 7.8 200 275 18.0 3.9 7.3 1.87 13.5 — 10.0 1.9 7.3 .39 13.6 240 25.0 2.6 5.4 .53 18.3 — — 50.0 3.7 6.9 .87 14.4 — 85 — — — — — — — 10.0 2.3 4.0 .49 25.0 265 — 56.0 5.0 8.9 .72 11.1 — 55 — — — — — 80 85 — — — — — — 22 — — — .22 —- 560 562 15.0 1.3 4.0 1.28 24.6 260 20.0 3.8 11.4 1.92 8.7 320 25.0 7.9 21.3 3.14 4.6 275 500 20.0 4.6 10.1 4.16 9.8 — — — .3 .23 260.0 165 185 • 16.0 4.7 5.5 1.35 17.8 90 — — — — — — 120 — — — — — — 210 220 22.0 5.2 12.8 1.91 7.7 — 180 16.0 4.7 6.8 1.04 14.6 — 440 25.0 5.7 13.7 3.54 7.2 110 — — — — — — 105 110 — — — — — 310 315 25.0 1.5 .8 .28 121.1 — 190 17.0 4.5 16.3 1.31 6.1 250 265 16.0 c 3.2 7.5 1.37 13.2 61 — 28.0 4.5 3.0 .22 32.6 — 52 — — — — — — 48 5.0 2.8 5.6 .26 17.6 — 12 — — — .19 — — 450 19.0 2.3 8.7 3.07 11.3 — — 5.0 1.5 7.2 2.05 13.8 220 270 34.0 6.5 18.0 1.31 5.5 — 72 2.5 1.7 17.5 .56 5.6 — 20.0 4.1 7.9 1.09 12.5 — — 23.0 4.2 10.4 2.55 9.5 16 18 — — — — — 50 — — — — .64 — — 12.0 2.3 4.5 .84 21.8 140 - 17.0 5.8 15.1 1.25 6.5 — — — 5.4 1.12 18.3 165 175 20.0 5.9 10.7 1.69 9.3 — 25 — — — .24 — — 160 10.0 6.6 9.2 1.53 10.7 260 — 20.0 6.8 19.3 4.07 5.1 276 — 26.0 4.7 9.8 3.14 10.1 175 180 22.0 6.2 18.5 2.22 5.3 180 — 19.0 5.1 10.8 1.95 9.2 — 115 — — —- — — 195 205 10.0 2.5 5.5 .53 18.1 145 22.5 3.4 11.0 2.13 9.0 270 280 17.0 6.2 13.1 2.64 7.5 135 145 40.0 7.4 16.7 1.29 5.9 240 245 7.5 1.2 3.7 .61 26.3 450 520 20.0 4.3 12.4 3.95 8.0 230 — — — — — 145 24.0 4.2 11.0 1.06 9.0 — 290 25.0 4.3 11.3 3.17 8.7 — 248 18.0 7.3 8.6 2.98 11.5 210 220 15.0 7.1 31.7 2.79 3.1 100 105 2.5 2.4 6.7 1.04 14.7 — 300 24.0 4.1 14.4 2.04 6.9 300 40.0 6.7 17.0 3.20 46 8.0 b 9.3 11.6 — 8.6 - - — 1.5 1.65 64.4

1985 High Low Share, Par Last Sale 135 95 Fortuna 50 130 105 95 Foveaux Radio 100 .... 100 385 155 Fund NZ 100 310 132 85 125 70 70 62 47 Golden Bay 50 53 23 12 Goliath 25 12 390 219 Goodman 50 . 346 42 35 Greenhouse 25 42 72 40 Grocorp 50 68 220 125 Grosvenor 25 215 230 180 Wallenstein Bros 50. . . . 200 98 80 Hauraki Ent 25 90 240 165 HB Trans Holds 100 . . . . 230 265 155 Henry Berry 50 240 20 9 Horizon 25 17 104 . 108 135 110 Hume Inds NZ 50 120 312 250 Huttons NZ 100 300 260 200 ICI NZ 50 240 155 120 Ind Broad 50 120 370 211 Ind Newspapers 50 ... . . 330 185 136 Intertasman 50 . 136 50 42 Invesco 50 42 250 182 Invest Fin 50 235 125 90 Irvin Stern 50 106 480 375 IWDow 50 . 455 255 153 J Hardie Imp 50 . 175 200 165 James Smith 50 . 200 180 66 Jarden 1 140 70 47 Jedi Corp 10 56 105 80 John Burns 25 90 100 75 John Edmond 25 (a) . . . 90 237 170 J Webster 50 222 44 40 Kaurex 50 41 285 156 Kearns Oatina 100 .... 285 72 54 Kidd Garrett 50 63 70 50 Kingsgate 50 66 71 45 Kiwifruit 50 58 13 Kupe Oil 25 53 53 43 Lakeland 50 48 57 41 Landmark 25 50 145 105 LWR Inds 25 110 80 70 Lanes Inds 50 76 136 190 415 326 L D Nathan 100 415 107 40 Leisureland 50 75 46 43 Les Mills 20 44 290 205 Leyland 50 . 230 53 52 Leyland Cap 50 52 145 80 Leyland Growth 50 ... . 95 100 50 L M Min 50 85 372 218 Lion Brew 50 . 370 220 140 Lusteroid 50 220 64 45 Mainstay Props 50 ... . 53 395 238 Mair 50 315 165 128 Manawatu Radio 100. . . 165 635 450 Manthel Holds 50 (a). . . . 640 262 182 Marac Holds 50 185 153 112 Masport 50 . 115 140 110 McAlpine 50 120 150 110 McConnell 50 . 128 225 205 McKechnie Bros 50... . . 210 40 26 Min Resces 20 28 70 61 M O’Brien 50 61 218 165 Mogal 50 . 185 176 140 Montana Wines 50 192 340 270 Morrison PIM 50 350 200 115 Motor Holds 50 115 555 400 Mt Cook Group 100. . . . 520 198 140 Moyes Groves 50 198 215 70 Nat Bloodstock 50 195 460 290 Nat Insce 50 370 262 150 135 NZ Cement 100 145 570 165 NZ Equities 25 450 290 238 NZFP 50 . 236 150 45 NZ Gold Fields 20 ... . 130 223 155 NZI Corp 50 . 164 365 280 NZI Gases 100 360 120 70 NZ Leathers 50 95 130 98 NZ Marine Farms 100 . . 100 670 460 NZ News 100 . 660 52 35 NZ Oil, Gas 50 40 368 100 NZ Petroleum 25 335 119 102 NZ Prop Trust 100 ... . 112 240 170 NZ Refining 100 170 400 275 NZ Salmon 50 325 295 170 NZ Steel 100 175

Change Week Quotations Div. % Div. Yield Earn. Yield Asset Bkg P/E Ratio Buy Sell — 130 18.0 6.9 16.3 1.06 6.1 — — 100 — — — — — -20 — 6.0 1.9 — — — — — — 10.0 4.0 3.2 .74 31.2 -2 70 74 — — — — — + 1 52 — 10.0 9.4 24.3 1.20 4.1 -1 10 14 — — — — — +6 — 350 26.0 3.7 9.3 1.93 10.7 — 35 — — — — — — — 70 — — — — — 250 28.0 3.2 2.6 2.14 38.3 — 200 — 21.5 5.3 12.9 2.37 7.7 — — — 16.0 4.4 20.1 .33 4.9 -10 195 — 17.0 7.3 17.2 2.70 5.7 — — — 26.0 5.4 11.4 2.38 8.7 — 16 — — — — — — +3 105 110 12.5 b 5.7 6.2 1.04 15.8 — — 120 20.0 8.3 15.3 1.65 6.5 — — — 14.0 4.6 12.6 .64 7.9 +5 — — 33.0 6.8 17.0 3.02 5.8 — — 16.0 6.6 12.4 .78 8.0 -5 — 360 24.0 3.6 10.2 1.81 9.7 — — 150 10.0 3.6 17.1 .01 5.8 — 40 45 — — — — — +10 230 — 5.0 1.0 4.1 1.05 24.2 +1 105 — — — — — — +25 — — 38.0 4.1 18.2 3.54 5.4 + 15 — — 36.0 10.2 29.4 3.12 3.3 +6 — — 19.0 4.7 9.3 2.83 10.6 +5 120 155 70.0 .5 — .45 — -3 55 58 18.0 3.2 3.9 .33 25.4 +3 80 — 15.0 4.1 17.8 .91 5.5 -2 — 100 18.0 5.0 11.0 .92 9.0 -5 — 230 20.0 4.5 11.4 1.72 8.7 + 1 42 44 — — — — — +20 265 300 15.0 5.2 13.0 2.51 7.6 — 60 — 8.0 6.3 — .35 — -2 65 68 — — 2.5 .54 38.8 +2 — 60 — — — — — -2 — 54 — — — — — +1 — 49 — — — — — -1 48 — 6.7 3.3 4.8 .50 20.8 +5 108 — 36.0 8.1 20.6 1.50 4.8 — 76 78 — —- — .74 — — 180 200 — — — —- — +8 — 415 22.0 5.3 19.2 4.23 5.1 -10 — 85 11.0 b 7.3 — — — -2 — 46 — — — — — — — — 24.0 5.2 10.6 2.94 9.3 — 52 53 — — — — — +5 90 105 — — — — — -5 83 — — — 2.4 .09 40.4 +5 365 375 36.0 4.8 9.8 3.33 10.1 +10 .— — 20.0 4.5 10.2 1.81 9.7 -4 52 54 5.0 4.7 5.0 .57 19.6 -10 — 320 30.0 4.7 21.4 3.13 4.6 150 165 14.0 8.4 11.9 .79 8.3 — — 40.0 3.1 5.9 3.26 16.9 -2 180 — 36.5 9.8 10.2 1.15 9.7 115 120 14.0 6.0 13.0 1.35 7.6 — 135 8.0 3.3 17.7 1.80 5.6 — 125 130 20.0 7.8 29.6 1.58 3.3 -5 — 220 17.0 4.0 19.5 2.39 5.1 — — — — — .25 — -4 52 60 15.0 12.2 26.5 .88 3.7 +5 175 — 20.0 5.4 25.9 1.78 3.8 +32 — — 20.0 5.2 16.5 2.87 6.0 +10 — 400 28.0 4.0 7.0 1.44 14.2 -5 110 120 22.0 9.5 33.9 2.00 2.9 — 520 18.0 3.4 11.0 3.43 9.0 +23 195 — 26.0 6.5 16.2 1.57 6.1 +10 190 195 6.0 1.5 7.2 .70 13.8 -20 — 375 47.6 6.4 14.7 2.81 6.7 +2 — 265 23.0 4.3 14.3 1.72 6.9 +3 140 150 12.5 8.6 14.9 2.87 6.6 — 450 460 — — — 1.10 — -4 230 238 29.0 6.1 19.3 2.65 5.1 — — — — .09 — +4 163 165 17.0 5.1 11.2 1.03 8.9 — 365 15.0 4.1 7.7 3.11 12.8 — 85 100 10.0 5.2 53.5 .96 1.8 -6 108 110 — — — — — — — 665 22.0 3.3 10.0 4.22 9.9 — 40 — — — — — — — — 350 — — — .25 — +2 110 115 11.4 10.1 — — — — 170 — 14.0 8.2 29.7 3.90 3.3 + 15 320 — — —- — — — — 170 178 18.0 10.2 41.3 3.47 2.4

1985 High Low Share, Par Last Sale Change Week 70 56 NZ Venture 50 58 -1 70 40 Northland FM 50 65 +5 71 59 Northrop 25 70 +5 270 240 Nuhaka 100 260 — 16 9 Oilfields ctb 25 13 +1 185 170 Opio Forestry 100 170 — 144 105 Omnicorp 50 115 + 10 350 115 OHL Corp 25 Otago PP 100 . 118 +3 615 483 605 — 250 210 Owens Group 10 215 — 290 242 PDL Holds 25 (a) . 260 -5 96 20 Perry Dines 25 20 -3 15 4 Petro Tar 25 — 102 65 Powercorp 25 72 -1 25 15 Premier 25 15 -3 175 165 Prudential 100 170 — 382 288 Progressive 50 350 +5 750 280 Qtron 50 675 — 87 58 Queenstown 40 70 -2 180 135 Quill Humph 50 175 — 155 120 Radio Avon 25 150 -- 140 110 Radio Otago 25 140 — 220 155 Radio Pacific 50 . 195 -5 242 83 Rainbow 20 215 +15 345 275 Ra Ora 50 . 295 —5 180 150 Reid Farmers 25 . 180 — 155 90 Regina 20 90 — 205 108 Renouf Corp 50 178 +8 200 75 R W Hellaby 50 190 +10 192 130 Repco NZ 50 170 -20 295 220 Revertex 50 220 -10 150 100 R Jones 50 148 +3 212 154 Rothmans 50 212 +7 345 295 R W Saunders 50 310 — 337 300 Salmond Inds 100 315 — 290 160 Sanford 50 280 — 250 220 Selby Shoes 50 230 — 175 125 Skellerup 25 125 — 195 82 Smart Group 50 88 -4 267 160 Smith-Biolab 50 265 — 690 365 Smiths City Mkt 100 . . . 690 +10 170 130 Southland Meat 50 ... . 140 — 14 4 Sthn Petroleum 25 ... . 6 -1 6 6 Sovereign 25 6 — 31 20 Spectrum 25 27 — 230 165 Steel Tube 50 -20 120 90 Stereo FM 100 90 — 280 220 Stevens 100 . 275 +10 102 70 Tag 50 78 —5 55 54 Tag Proplink 40 — 480 340 Taylors Dry 100 420 — 83 77 Thourghbred 50 80 — 310 265 Tolley Holds 100 —5 160 95 Trans Ashb 50 125 — 340 250 Trans Nth Canty 100. . . 335 —5 197 143 UEB Inds 50 148 +5 48 35 Utd Resources 50 40 — 355 218 Unity 50 250 — 55 41 Venturecorp 50 42 -1 225 168 Viko Holdings 25 . 220 — 140 130 Visionhire 50 . 135 — 70 53 Waikato Stud 25 56 — 275 155 Waitaki NZR 50 . 210 —■ 470 330 Wattie Inds 50 430 +15 630 470 Welgas 50 . 620 +5 255 142 Wenrich 50 -10 125 100 Westbridge 50 100 — 530 378 Westpac Merchant 50. . . 530 — 263 181 Wilkins Davies 50 230 — 245 212 W Jeffery 100 . 212 — 140 100 Wills Props 50 . 132 — 775 380 Wilson Horton 100 670 +20 220 135 Wilson Neill 50 200 +10 183 153 Winstone 50 153 -2 225 180 Wormaid NZ 50 210 — 295 197 Yates Corp 50 210 -20

Quotations Div. Div. Yield Earn. Yield Asset Bkg P/E Ratio Buy Sell — 59 — — — — — 70 — — — — — — — — — — — — — — — — — 3.91 — 12 — — — — — — 190 — — 2-2 .98 44.7 112 120 — — — — — — — 20.0 4.2 29.4 1.26 3.4 550 — 20.0 3.3 10.5 2.61 9.4 200 215 50.0 2.3 9.3 1.50 10.7 250 265 30.0 2.8 24.7 3.25 4.0 22 24 22.0 27.5 72.5 .73 1.3 — y — — — — — 70 72 — — — — — — — — — — — — 171 175 20.0 11.7 13.5 1.86 7.3 340 — 11.5 1.6 5.6 1.38 17.8 — — 22.0 1.6 3.1 3.07 31.5 65 — — — — — — 180 20.0 5.7 10.3 1.46 9.6 150 151 30.0 5.0 9.4 .84 10.6 — 302 15.0 2.6 2.1 .18 46.6 200 215 1.2 .23 79.6 300 305 8.0 1.3 2.3 1.17 43.3 180 190 25.0 3.4 8.1 1.04 12.2 — 90 - 10.0 2.2 3.7 .71 26.4 170 — 12.0 3.3 3.0 .63 32.9 190 195 7.0 1.8 — 1.47 — 172 180 15.0 4.4 11.4 1.28 8.7 — — 15.0 3.4 11.0 1.32 9.0 143 145 10.0 3.3 1.8 .91 52.8 207 — 23.5 5.5 15.8 1.73 6.2 300 320 20.0 3.2 7.8 2.70 12.7 — 320 17.0 5.3 13.3 2.32 7.5 260 — 21.5 3.8 18.7 1.38 5.3 — — 20.0 4.3 10.6 1.53 9.3 38 40 25.0 5.0 20.6 2.05 4.8 — 90 — — — .43 — — 270 21.0 3.9 12.6 2.13 7.8 — 690 18.0 2.6 10.3 3.29 9.6 — — 17.5 6.2 17.6 1.97 5.6 6 — — — — — — — — — — — — 26 28 — — — — — — 190 25.0 7.5 24.0 2.36 4.1 140 — — — — — — — 11.5 4.1 8.5 1.81 11.7 — 85 10.0 6.4 15.0 .89 6.6 - 425 22.0 5.2 17.4 4.47 5.7 19.0 7.1 15.8 2.21 6.3 120 130 16.0 6.4 11.5 .94 8.6 330 360 17.0 5.0 9.5 4.98 10.4 — 148 25.0 8.4 19.0 1.99 5.2 — 45 — — — — — — — 16.0 3.2 8.4 1.36 11.7 42 43 — — — — — 215 230 40.6 4.6 12.7 1.39 7.8 130 142 18.0 6.6 9.5 — 10.4 55 — — — 5.1 .57 19.3 205 210 24.0 5.7 15.0 1.94 6.6 — 440 28.0 3.2 9.3 2.83 10.6 — 630 20.0 1.6 7.7 2.54 ' 12.8 110 6.0 3.0 2.7 1.54 37.0 — — 34.0 3.2 6.5 2.04 15.2 — — 23.0 5.0 16.7 1.76 5.9 210 — 16.0 7.5 13.1 2.70 7.6 138 8.0 3.0 19.6 1.84 5.0 — 730 15.0 2.2 8.1 3.31 12.3 — — 21.0 5.2 17.3 1.39 5.7 155 — 15.0 4.9 12.3 1.63 8.0 — 215 15.0 3.5 17.6 3.23 5.6 — 230 22.5 5.3 8.4 1.81 11.8