THE PRESS N.Z. SHAREMARKET

Press, 4 December 1985, Page 46

THE PRESS N.Z. SHAREMARKET

Wednesday, December 3,1985

Mean dividend yield 3.9 per cent. Mean earnings yield 9.8 per cent. Mean P/E ratio 8.8.

Median dividend yield 3.9 per cent. Median earnings yield 9.6 per cent. Median P/E ratio 6.4.

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.

a, shares split during year. c dividend adjusted to annual basis. e, shares partly paid up. i 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. i 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 215 130 Abacas 50 . 210 -5 — 220 21.0 5.0 7.6 .81 13.1 132 90 AIC Finance 50 100 — 100 — 7.0 3.5 10.4 .5/ 9.6 6.3 235 170 Ajax McPhersons 50 . . . 195 -10 — — 28.0 7.1 15.7 2.18 290 179 Alcan NZ 50 . 200 -35 — 220 38.0 9.5 19.6 1.92 5.1 115 330 75 200 Allegra 50 Allflex Holds 50 . 105 . 275 +3 105 110 30.0 5.4 19.0 1.45 5.2 208 140 Alliance 25 140 -1 140 — 34.0 6.0 12.8 .88 i 7.7 235 170 A M Bisley 50 . 185 — — 190 26.0 7.0 8.5 2.53 11.6 216 50 Andas Group 50 50 — — 60 10.0 10.0 — 50 260 47 160 Angora 40 Angus 50 50 . 200 +3 47 50 50 19.0 4.7 11.9 .81 8.4 165 100 Anzon 50 125 +5 — — — 348 250 ANZ Bank NZ 50 . 270 -5 270 — 20.0 3.7 16.6 1.45 6.0 335 205 150 155 Apex 50 Apparel 50 . 335 . 165 +35 +9 330 155 350 15.0 4.5 9.6 1.39 10.3 330 250 Arnold Wright 50 . 310 +10 — — 28.0 4.5 15.0 3.34 6.6 310 260 Arthur Barnett 50 . 278 — 278 — 22.0 3.9 11.7 3.91 8.5 152 136 285 105 — — 100 6.0 5.7 8.8 1.38 11.2 125 235 Ashby Bergh 25 AB Cables 50 . 125 . 240 -12 120 240 - 25.0 25.0 5.0 5.2 10.6 12.2 1.62 1.36 9.3 8.1 310 215 Astec 100 . 215 — 215 — 19.0 8.8 19.4 2.21 5.1 450 202 Atlas Maj 50 . 445 — — — 20.0 2.2 13.6 1.49 7.3 335 265 Auckland Gas 50 . 310 +5 — — 20.0 3.2 7.6 2.18 13.0 241 275 235 100 235 -5 — 245 15.0 1.5 16.5 1.84 6.0 Autocrat Sanyo 100... . . 100 -10 — — 12.0 12.0 19.0 2.35 5.2 230 180 Baillie Mtrs 50 . 228 — — — 18.0 3.9 7.4 1.87 13.4 319 203 Baker Group 50 . 260 -15 — — 10.0 1.9 7.1 .39 13.9 221 165 BNZ Finance 25 . 190 +25 — — 25.0 3.2 5.3 .42 18.6 315 220 Barclay NZ 20 . 220 -15 — 225 50.0 4.5 8.3 .87 12.0 115 65 Batley 100 68 -2 — — — — — — 265 60 Betacorp 50 . 260 +40 — 280 10.0 1.9 3.3 .49 30.2 305 215 Bendon Inds 25 . 300 +2 298 — 56.0 4.6 9.9 .88 10.0 62 100 40 64 Big Apple 50 Blandford 50 . 52 69 -2 -4 50 68 52 — 4.6 .52 21.6 23 13 Bridgevale 25 13 -1 — 15 — — — .22 — 690 349 Brierley 50 . 690 +15 668 692 15.0 1.0 2.9 1.28 33.4 260 245 Brother 50 . 260 — — 270 20.0 3.8 11.4 1.92 8.7 386 256 CPD 100 . 275 +5 270 — 25.0 9.0 20.3 2.95 4.9 430 430 Canty Roll Flour 100. . . . 430 . — — —- 20.0 4.6 10.1 4.16 9.8 132 100 Cap Radio 25 . 132 +12 — — — — .3 .23 264.0 135 100 Carborundum 50 . 110 +2 108 — 16.0 7.2 16.7 1.22 5.9 100 75 Cardrona 100 80 +2 80 — — — — — — 240 196 Carter Holt 50 . 235 +6 — 238 28.0 5.9 14.6 2.86 6.8 240 120 Cavalier Elco 50 . 145 +3 — — 20.0 6.8 16.0 1.17 6.2 470 122 280 . 470 +10 462 — 25.0 5.3 12.7 3.54 7.8 110 Cerebos 50 . 120 +5 120 — — — — — — 142 100 Charter 50 . • 100 — 100 102 10.0 5.0 6.8 .76 14.7 480 172 Chase 20 . 475 +50 — — 45.0 1.8 8.0 .73 12.4 190 114 Chemby 50 . 185 — — — 17.0 4.5 16.3 1.31 6.1 316 205 Chch Press 50 . 200 -5 200 — 16.0 c 4.0 13.5 2.13 7.4 80 56 City Realties 10 ..... . 57 -9 — 58 28.0 4.9 10.5 .43 9.5 57 43 Clearwood 50 45 -5 — — — —• — — 56 27 Clypex 25 . 32 -3 30 35 5.0 3.9 5.6 .19 17.7 18 3 Coal Energy 25 Colonial Motor 50 4 — — 5 — — — .19 — 360 250 . 350 — — — 19.0 2.7 8.5 2.56 11.6 305 190 Command Corp 50 ... . Comm Securities 50. . . . . 190 -10 — — 34.0 8.9 24.7 1.31 4.0 82 49 . 65 +2 — — 2.5 1.9 22.7 .68 4.3 55 20 Commodore 25 20 -2 18 28 — — — — — 240 150 CCL 50 . 190 -25 — 220 20.0 5.2 10.0 1.09 9.9 310 200 Consol Metal 50 . 215 — — 210 23.0 5.3 14.5 1.94 6.8 28 9 Con Enterprises 4 10 — 10 11 — — . — — — 62 45 Cooks Wine 50 45 — —- — — — — .59 — 280 148 Corp Inv 50 . 245 +14 — — 12.0 2.4 4.8 .84 20.5 192 110 Cory Wright 50 (a) ... . . 180 +5 160 — 19.0 5.2 28.8 2.54 3.4 410 330 Cromwell 50 . 335 -10 — — — — 6.3 1.12 15.8 203 125 Crown 50 . 163 +1 162 165 24.0 7.3 17.0 2.11 5.8 28 8 Cue Energy 25 14 -1 14 15 — — — .24 — 165 120 DIC 100 . 138 -7 135 140 10.0 7.2 10.0 1.53 9.9 320 250 Dingwall Paulger 100. . . . 250 — 240 — 20.0 8.0 lf+4 3.36 5.4 305 140 Dominion Brew 50 ... . . 295 +5 295 300 26.0 4.4 8.3 2.85 11.9 210 185 162 115 Donaghys Ind 50 DRG NZ 50 . 185 . 180 — — 195 20.8 19.0 5.6 5.2 24.9 11.1 1.65 1.95 4.0 9.0 130 91 East Deer 50 . 126 -4 120 130 — — — — — 235 163 East Gas 50 . 195 +5 — — 10.0 2.5 5.6 .53 17.7 330 230 Ebos Dental 50 . 330 — 330 340 22.5 3.4 11.0 2.13 9.0 291 195 EMCO Group 100 . 240 +3 — — 20.0 8.3 17.0 2.50 5.8 205 120 Endeavour 25 . 155 +25 — — 40.0 6.4 12.1 1.08 8.2 300 124 Equiticorp 40 . 300 +10 — — 7.5 1.0 2.6 .51 38.4 545 430 Ernest Adams 100 . 430 -5 420 430 20.0 4.6 13.3 3.95 7.5 345 194 Euro-Nat 50 . 330 -15 — 350 — — — — — 164 127 FTC 25 . 134 +1 — — 24.0 4.4 11.6 1.06 8.5 300 204 Feltex NZ 50 . 232 -3 232 — 25.0 5.3 14.3 3.01 6.9 263 220 Fernz Corp 100 Firestone NZ 100 . 220 — ' — — 18.0 8.1 9.6 2.98 10.3 240 190 . 210 — 210 215 15.0 7.1 31.7 2.79 3.1 137 92 First City 100 100 — 100 105 2.5 2.5 6.9 1.04 14.4 390 228 Fisher Paykel 50 Fletcher Chai 50 . 258 -14 — 260 24.0 4.6 16.2 2.04 6.1 350 225 . 308 +7 307 — 40.8 6.6 17.4 2.67 5.7 65 30 Fleur 50 50 . 31 +1 30 — 8.0 b 12.9 16.1 — 6.2 290 165 Forest Inv 100 . 290 — — 300 — — 1.5 1.65 64.4 135 95 Fortuna 50 . 105 — 100 — 18.0 8.5 10.0 .96 9.9

1985 Last Change Quotations Div. Div. Earn. Asset P/E High Low Share, Par Sale Week Buy Sell % Yield Yield Bkg Ratio 105 60 Foveaux Radio 100 .... 60 -10 — 90 — — — — — 385 155 Fund NZ 100 . 350 +51 — —• 6.0 1.7 — — 140 85 Gen Prdps 50 140 +10 137 — 10.0 3.5 7.1 1.55 14.0 138 52 Genestock 50 55 +3 55 — — —- — — — 62 47 Golden Bay 50 50 — 50 — 10.0 10.0 25.8 1.20 3.8 23 8 Goliath 25. . 8 -1 7 9 — — — — 390 219 Goodman 50 . 358 -7 355 360 26.0 3.6 7.4 1.61 13.3 45 35 Greenhouse 25 40 — 38 — — — — — — 72 40 Grocorp 50 58 -7 — 65 — — — — 220 125 Grosvenor 25 . 182 +1 — — 28.0 3.8 3.0 2.14 32.5 230 180 Halienstein Bros 50. . . . . 222 +2 — 240 21.5 4.8 10.6 2.68 9.3 98 80 Hauraki Ent 25 90 — — — 16.0 4.4 20.1 .33 4.9 240 165 HB Trans Holds 100 .. . . 230 +12 220 — 17.0 7.3 17.2 2.70 5.7 265 155 Henry Berrv 50 . 235 — 235 — 26.0 5.5 11.6 2.38 8.5 52 9 Horizon 25 . 48 -4 48 50 — — — 125 85 Hortic Inds 50 85 -11 60 90 6.2 3.6 3.5 1.03 28.3 135 110 Hume Inds NZ 50 . 110 — — 120 25.0 11.3 18.7 1.37 5.3 312 250 Huttons NZ 100 . 285 -5 — — 14.0 4.9 13.2 .64 7.5 260 195 ICI NZ 50 202 -3 — — 33.0 8.1 16.8 2.52 5.9 155 115 Ind Broad 50 . 115 — — — 16.0 6.9 12.9 .78 7.7 370 211 Ind Newspapers 50 ... . . 320 +5 308 — 24.0 3.7 8.7 1.51 11.3 185 100 Intertasman 50 . 100 — — no 10.0 5.0 23.3 .01 4.2 50 33 Invesco 50 41 +3 — 45 — — — — —. 250 155 Invest Fin 50 . 155 -5 — 165 15.0 4.8 12.9 .84 7.7 125 90 Irvin Stern 50 92 +2 90 — — — — —■ — 480 375 IWDow 50 . 420 — 415 — 38.0 4.5 19.7 3.54 5.0 255 153 J Hardie Imp 50 . 190 — — 195 36.0 9.4 13.5 1.56 7.3 210 144 James Smith 50 . 195 +5 — — 19.0 4.8 8.0 2.46 12.5 180 66 Jarden 1 . 125 +1 115 — 70.0 .5 — .45 — 70 43 Jedi Corp 10 46 -1 45 46 18.0 3.9 4.7 .33 20.9 105 55 John Burns 25 55 -30 — 60 15.0 6.8 20.9 .65 4.7 100 75 John Edmond 25 (a) . . . . 100 — 95 105 18.0 4.5 9.9 .92 10.1 240 170 J Webster 50 . 185 +5 — — 25.0 6.7 22.1 1.53 4.5 44 29 Kaurex 50 32 +2 30 35 — — — — 305 156 Kearns Oatina 100 .... . 305 — 300 310 15.0 ■ 4.9 6.0 1.76 16.4 72 54 Kidd Garrett 50 58 -2 — 63 10.0 8.6 15.6 .55 6.3 68 49 Kingsgate 50 50 — 50 — — — 2.2 .36 45.4 71 40 Kiwifruit 50 45 —5 — — — — — 58 13 Kupe Oil 25 47 -4 48 50 — — — — — 53 40 Lakeland 50 47 +2 46 — — — — — — 85 41 Landmark 25 85 +20 75 90 6.7 1.9 1.8 .41 53.1 145 100 LWR Inds 25 . 100 — 100 — 36.0 9.0 17.0 1.60 5.8 105 70 Lanes Inds 50 . 100 +5 90 — — — 10.1 .78 9.9 206 136 Laurenson 50 . 160 — — — — — — — — 511 326 L D Nathan 100 . 485 -5 — ■ 495 22.0 4.5 13.1 3.38 7.5 123 40 Leisureland 50 . 102 +7 100 115 11.0 b 5.3 — — 46 38 Les Mills 20 38 +2 35 40 — — •— — — 290 205 Leyland 50 250 +4 245 — 24.0 4.8 9.8 2.94 10.2 59 50 Leyland Cap 50 50 -3 — — — — — — — 145 80 Leyland Growth 50 ... . . 100 +5 98 —• — — — 100 50 L M Min 50 65 +2 62 65 — — 3.2 .09 30.9 410 218 Lion Brew 50 . 405 — — 410 36.0 4.4 9.0 3.33 11.0 27 25 Luxoil 50 27 +27 — —- — — — — 220 140 Lusteroid 50 . 190 -10 — — 22.0 5.7 13.8 1.46 7.2 310 250 Mace 50 . 310 +50 290 325 16.0 2.5 10.3 — 9.6 71 45 Mainstay Props 50 ... . 71 +1 72 73 5.0 3.5 3.8 .57 26.2 395 220 Mair 50 . 220 -25 215 220 30.0 6.8 23.6 1.82 4.2 165 128 Manawatu Radio 100. . . . 152 — — — 14.0 9.2 12.9 .79 7.7 640 335 Manthel Holds 50 (a). . . . 335 -5 — — 44.0 6.5 13.0 3.20 7.6 262 180 Mafac Holds 50 . 247 -1 — 250 36.5 7.3 10.1 1.46 9.8 153 98 Masport 50 . 100 -8 — 165 14.0 7.0 15.0 1.35 6.6 140 100 McAlpine 50 . 105 -5 — — 8.0 3.8 20.2 1.80 4.9 150 110 McConnell 50 . 118 -5 — 125 20.0 8.4 16.1 .86 6.2 225 190 McKechnie Bros 50. . . . . 220 +49 — — 22.0 5.0 19.7 2.11 5.0 40 20 Min Resces 20 25 — 25 — — —- .25 70 40 M O’Brien 50 . 50 — 45 50 5.0 5.0 10.2 .93 9.8 218 138 Mogal 50 . 155 — — — 20.0 6.4 25.8 1.48 3.8 176 125 Montana Wines 50 . 130 — — 130 20.0 7.6 24.4 2.87 4.0 350 270 Morrison PIM 50 . 350 — — — 30.0 4.2 12.1 1.73 8.2 200 100 Motor Holds 50 . 121 -9 — — 22.0 9.0 29.3 1.60 3.4 555 310 Mt Cook Group 100. .. . 310 -10 290 310 18.0 5.8 14.0 3.70 7.1 198 140 Moyes Groves 50 . 142 -8 140 165 26.0 9.1 22.6 1.57 4.4 305 70 Nat Bloodstock 50 . 288 -17 — 300 6.0 1.0 4.8 .70 20.4 340 290 Nat Insce 50 . 340 +30 — 400 47.6 7.0 16.0 2.81 6.2 330 222 Newmans 50 . 242 — 242 245 23.0 4.7 15.5 1.72 6.4 150 110 NZ Cement 100 110 — no — 12.5 11.3 19.0 2.77 5.2 570 165 NZ Equities 25 . 235 -5 210 260 70.0 7.4 16.6 .52 6.0 290 212 NZFP 50 . 215 -55 215 — 29.0 6.7 17.6 2.21 5.6 600 45 NZ Gold Fields 20 ... . . 530 -70 — 620 — — — .09 — 223 126 NZI Corp 50 . 176 -15 — 176 17.0 4.8 10.4 1.03 9.5 365 280 NZI Gases 100 . 360 +138 340 370 20.0 5.5 7.4 2.64 13.4 120 70 NZ Leathers 50 70 -5 — 90 10.0 7.1 72.7 .96 1.3 135 98 NZ Marine Farms 100. . 98 -12 100 — — — — — 580 368 NZ News 100 . .580 +5 —- — 23.2 4.0 13.5 5.71 7.3 52 35 NZ Oil, Gas 50 46 — — — — — — .42 — 368 100 NZ Petroleum 25 . 320 — — 320 — — — .25 — 120 102 NZ Prop Trust 100 ... . . 112 +2 110 113 11.4 10.1 — — 240 170 NZ Refining 100 . 200 — — — 16.0 8.0 25.3 3.90 3.9 405 275 NZ Salmon 50 . 400 — 400 410 — • — — — — 295 145 NZ Steel 100 . 158 +8 156 160 18.0 11.3 34.3 2.60 2.9

1985 High Low Share, Par Last Sale Change Week Quotations Div. % Div. Yield Earn. Yield Asset Bkg P/E Ratio Buy Sell 70 49 NZ Venture 50 . 52 — 50 — — — — . — 80 80 40 59 Northland FM 50 Northrop 25 80 . 75 +13 80 8.0 2.6 10.0 .32 3.91 10.0 270 240 Nuhaka 100 240 —5 17 185 9 150 Oilfields ctb 25 Opio Forestry 100 15 . 150 . -2 15 16 190 118 115 - - 2.5 .98 39.4 144 350 615 250 290 96 15 96 105 483 185 210 11 4 Omnicorp 50 OHL Corp 25 Otago PP 100 Owens Group 10 PDL Holds 25 (a) Perry Dines 25 Petto Tar 25 . 117 . 105 . 605 . 205 . 210 14 . 15 +10 —3 +5 -5 -20 +3 115 605 200 13 20.0 20.0 50.0 30.0 22.0 4.7 3.3 2.4 3.5 392 11.3 10.5 10.7 30.6 103.5 .45 2.61 128 325 ;73 8.8 9.4 92 32 .9 102 25 185 382 750 53 12 165 288 280 57 +1 — Premier 25 Prudential 100 Progressive 50 Qtron 50 17 . 175 . 315 . 320 -10 +5 175 315 20.0 11.5 22.0 11.4 15 3.4 13.1 4.6 4.3 1.86 1.25 1.97 48 7.6 212 23.1 59.0 87 185 156 58 135 120 Queenstown 40 Quill Humph 50 Radio Avon 25 . 185 . 140 +20 160 100 175 135 21.0 30.0 15.0 5.6 5.3 3.2 15.0 10.0 2.02 .84 J8 6.6 9.9 38 3 140 110 Radio Otago 25 220 245 345 190 155 205 91 224 192 295 225 240 345 337 360 250 175 155 83 235 150 Radio Pacific 50 Rainbow 20 Ra Ora 50 Reid Fanners 25 ... . . 195 . 245 . 248 . 176 . 100 +5 . +5 +13 240 176 180 2.0 28.0 10.0 .4 3.9 2.0 1.0 10.3 7.3 .37 1.37 1.17 .98 .63 1.47 1.44 1.32 .91 98.0 9.6 13.6 30.5 5.4 8.2 78.5 5.6 11.2 7.1 72 8.9 5.8 108 57 75 130 200 100 154 274 298 160 220 120 Renouf Corp 50 Renouf Props 50 R W Hellaby 50 Repco NZ 50 Revertex 50 . 165 . 91 . 218 . 158 . 200 220 +12 +17 +8 —2 -5 -5 160 90 215 si 220 220 12.0 7.0 17.0 15.0 10.0 3.6 1.6 5.3 3.7 2.2 3.2 18.4 12.1 15 Rothmans 50 R W Saunders 50 ... . Salmond Inds 100 .... Sanford 50 Selby Shoes 50 Skellerup 25 . 240 . 274 . 300 . 285 . 220 . 122 +19 +2 240 122 275 310 124 . 26.0 20.0 17.0 21.5 20.0 25.0 5.4 3.6 5.6 3.7 4.5 5.1 17.5 8.8 14.0 13.8 11.1 16.9 2.41 2.49 2.32 1.04 1.53 L64 .43 1.42 .55 1.80 195 285 115 80 160 61 Smart Group 50 Smith-Biolab 50 Smiths City Mkt 20. . . 87 . 285 92 +4 +10 240 90 85 92 21.0 18.0 3.6 3.9 7.8 15.2 12.7 6.5 170 130 Southland Meat 50 . . . . 150 -1 150 151 17.5 5.8 14 4 Sthn Petroleum 25 . . . 12 +4 11 15 6 35 230 6 20 155 Sovereign 25 Spectrum 25 Steel Tube 50 6 35 . 165 -2 34 165 37 25.0 7.5 6.5 16.0 .27 1.57 152 62 120 280 102 55 480 54 83 160 400 197 90 220 Stereo FM 100 Stevens 100 Tag 50 90 . 280 80 +8 150 80 151 11.5 10.0 4.1 6.2 8.3 7.2 1.81 .44 11.9 13.7 40 340 52 68 95 250 128 Tag Proplink 40 Taylors Dry 100 Technicgroup 25 Thoroughbred 50. ... . Trans Ashb 50 Trans Nth Canty 100. . UEB Inds 50 40 . 430 . 52 70 . 120 . 320 . 138 -6 -60 +6 65 350 138 415 130 140 22.0 8.0 b 16.0 17.0 25.0 5.1 3.8 6.6 5.3 9.0 11.3 18.6 12.0 1.7 24.6 2.98 .94 3.43 2.43 8.8 5.3 8.3 57.1 4.0 48 355 35 200 Utd Resources 50 ... . Unity 50 38 . 245 +3 -10 - 16.0 3.2 5.7 1.24 17.3 55 230 140 38 168 130 Venturecorp 50. .... . Viko Holdings 25 ... . Visionhire 50 . 212 . 135 +2 +5 44 45 40.6 18.0 4.7 6.6 13.2 9.5 1.39 7.5 10:4 17.2 5.9 70 275 50 155 Waikato Stud 25 Waitaki NZR 50 . . 50 . . 190 -6 +20 180 50 190 24.0 6.3 5.8 16.6 1.94 245 137 Waste Mngt 50 . . 170 +5 — 170 16.0 4.7 13.0 1.41 470 645 255 125 263 330 470 125 100 181 Wattie Inds 50 Welgas 50 Wenrich 50 Westbridge 50 Wilkins Davies 50. . . . . . 405 . . 610 . . 140 . . 100 . . 240 +5 -5 -5 405 645 32.8 20.0 6.0 23.0 4.0 1.6 3.0 4.7 11.7 7.8 7.3 16.0 3.02 2.54 1.42 1.76 8.4 12.6 13.6 62 245 140 190 100 W Jeffery 100 Wills Props 50 . . 190 . . 125 -5 +5 118 125 17.0 8.0 8.9 3.2 14.1 20.8 2.66 1.84 4.8 775 380 Wilson Horton 100. . . . . . 575 +7 542 —• 15.0 2.6 9.4 3.31 257 135 Wilson Neill 50 . . 245 — — — 21.0 4.2 14.1 1.39 7»0 183 142 Winstone 50. . . . 150 +2 150 155 15.0 5.0 12.6 1.63 7;9 200 155 Wormaid NZ 50 . . 155 -5 — 170 15.0 4.8 23.8 3.23 4.1 295 153 Yates Corp 50 . . 155 — 140 — ■ 22.5 7.2 9.7 1.88 102