N.Z. SHAREMARKET

Press, 16 April 1986, Page 48

N.Z. SHAREMARKET

- r i i r

Tuesday, April 15, 1986

Mean dividend yield 3.7 per cent Mean earnings yield 9.0 per cent Mean P/E ratio 10.7.

Median dividend yield 3.5 per cent Median earnings yield 8.2 per cent Median P/E ratio 7.3.

Table shows last sale price as advised by the stock exchange; quotations are from the ChristchurchInvercargill exchange. Dividends exclude bonuses not regularly paid. All figures fully diluted. 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 28%, 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.

1986 High Low Share, Par Last Sale Change Week Quotations Div. % Div, Yield Earn. Yield Asset Bkg P/E Ratio Buy Sell 280 245 Abacus 50 . 260 -10 — — 21.0 4.0 7.0 .68 14.2 120 85 AIC Corp 50 112 — 112 115 8.0 3.5 13.9 .42 7.1 260 205 Ajax McPhersons 50. . . 255 4-5 — — 28.0 5.4 12.0 2.18 8.2 245 210 Alcan NZ 50 . 220 -15 —- 235 38.0 8.6 22.3 1.89 4.4 115 80 Allegra 50 . 105 4-5 — — — — 23.9 1.29 4.1 290 270 Allflex Holds 50 290 — — — 30.0 5.1 18.0 1.45 5.5 140 102 Alliance 25 112 +10 112 — 34.0 7.5 16.0 .88 6.2 185 160 A M Blsley 50 . 180 — 170 — 26.0 7.2 8.8 2.53 11.3 55 35 Andas Group 50 40 —5 — — 10.0 12.5 — .36 — 60 185 42 150 Angora 40 Angus 50 42 152 +2 40 130 45 24.0 7.8 15.6 .81 6.3 340 138 Anzon 50 . 340 +80 310 — — — — — — 252 202 ANZ Bank NZ 50 .... . 233 +4 235 245 26.0 5.5 14.3 1.08 6.9 364 150 Apex 50 . 312 +7 310 312 — — — — — 65 55 Arahi Props 50 55 — — — — — — 345 320 Arnold Wright 50 . 345 — — — 28.0 4.0 13.5 3.34 7.3 305 285 Arthur Barnett 50 ... . 298 — — 300 22.0 3.6 10.9 3.91 9.1 100 80 Arthur Ellis 100 80 — — 80 5.0 6.2 11.6 1.38 8.6 140 130 Ashby Bergh 25 130 — — — 25.0 4.8 10.2 1.62 9.7 260 240 AB Cables 50 . 255 -5 — 260 29.0 5.6 14.6 1.58 6.8 260 220 Astec 100 . 225 -5 — 270 19.0 8.4 18.6 2.21 5.3 330 280 Auckland Gas 50 280 — — — 20.0 3.5 8.4 2.18 11.8 240 215 Aurora Group 25 228 — — — 16.0 1.7 2.8 1.84 35.0 42 28 Aust Breed 40 31 -2 30 32 — — — — — 95 65 Autocrat Sanyo 100 ... 75 — — — 12.0 16.0 2.35 215 215 Baillie Mtrs 50 . 215 — — 18.0 4.1 16.3 2.30 6.1 340 290 Baker Group 50 335 +25 280 — 14.0 2.0 9.0 .60 11.0 235 171 BNZ Finance 25 235 -30 215 220 25.0 2.6 3.6 .25 27.6 240 200 Barclay NZ 20 . 240 + 10 — — 50.0 4.1 7.6 .87 13.1 70 50 Batley 100 67 + 12 — 90 — — — — 345 250 Betacorp 50 . 315 — 300 340 11.0 1.7 2.5 .62 39.8 355 330 Bendon Inds 25 . 335 -5 330 — 56.0 4.1 8.9 .88 11.2 70 60 Big Apple 50 55 — — 60 — — 4.3 .52 22.9 82 55 Blandford 50 59 +1 59 60 — — — 15 7 Bridgevale 25 10 -2 — 15 — — — .15 — 490 359 Brierley 50 . 482 +9 — 486 15.0 1.5 3.4 1.02 29.2 250 250 Brother 50 . 250 — — 250 20.0 4.0 12.3 1.83 8.0 285 CPD 100 . 380 4-5 380 385 25.0 6.5 14.7 2.95 6.7 430 430 Cantv Roll Flour 100 . . . 430 — — 470 20.0 4.6 10.1 4.16 9.8 300 252 Cap Markets 25 . 272 +2 272 280 — — — 135 132 Cap Radio 25 135 — — — 20.0 3.7 12.5 .34 7.9 120 110 Carborundum 50 . 110 — — — 16.0 7.2 16.7 1.22 5.9 105 88 Cardrona 100 . 100 +12 95 — — — — — — 390 295 Carter Holt 50 . 362 +22 362 370 24.0 3.3 9.5 2.86 10.5 180 120 Cavalier Elco 50 130 -6 130 135 20.0 7.6 17.8 1.17 5.6 535 490 Ceramco 100 525 +5 — — 25.0 4.7 11.4 3.54 8.7 170 135 Cerebos 50 . 145 -5 — 170 16.5 5.6 14.5 1.24 6.8 85 62 Charter 50 79 -6 — 82 10.0 6.3 7.2 .63 13.8 980 552 Chase 20 . 980 + 62 970 980 45.0 .9 3.8 .73 25.7 270 215 Chch Press 50 . 240 — 240 250 16.0 c 3.3 11.2 2.13 8.8 45 30 Clearwood 50 37 +2 30 — — — — — — 50 35 Clypex 25 43 +6 — 45 7.5 4.3 4.1 .19 23.8 8 2 Coal Energy 25 2 — 2 — — — — .19 — 345 270 Cobex 100 . 305 -7 300 — — — — — — 310 286 Colonial Motor 50 ... . . 286 — — — 16.0 2.7 10.4 2.56 9.5 280 200 Command Corp 50... . 218 +2 210 218 34.0 7.7 17.4 1.39 5.7 90 65 Comm Securities 50 . . . 88 -2 — 92 2.5 1.4 16.8 .68 5.9 28 23 Commodore 25 23 — — — — — — — — 250 210 CCL 50 . 245 +5 230 260 25.0 5.1 7.7 1.09 12.8 200 180 Consol Metal 50 . 190 — — 190 25.6 6.7 16.4 1.94 6.0 11 7 Con Enterprises 4 ... . 8 +1 7 12 — — 28.7 .06 3.4 57 40 Cooks Wine 50 50 4-5 — 50 — — — .59 — 400 270 Corp Inv 50 . 365 +5 — — 15.0 2.0 1.5 .66 64.0 280 215 Cory Wright 50 (a) . . . . 250 +10 — — 19.0 3.8 8.8 .98 11.2 450 375 Cromwell 50 450 +25 — — — — 4.4 .81 22.7 178 138 Crown 50 . 180 — — — 24.0 6.6 15.4 2.11 6.4 16 7 Cue Energy 25 12 -4 11 12 — — — .19 — 145 135 DIC 100 . 142 — — 140 12.0 8.4 9.7 1.53 10.2 330 310 Dingwall Paulger 100 . . 330 — 335 20.0 6.0 13.9 3.36 7.1 350 300 Dominion Brew 50. . . . . 330 — — 330 30.0 4.5 7.0 2.85 14.2 178 145 Donaghys Ind 50 . 148 +3 145 148 28.0 9.4 13.3 1.13 7.5 105 68 East Deer 50 68 -7 — 75 — — — — — 170 130 East Gas 50 . 130 -5 — 135 10.0 3.8 8.4 .53 11.8 375 330 Ebos Dental 50 375 — 375 — 22.5 3.0 9.7 2.13 10.2 500 315 Equiticorp 40 . 500 +44 495 500 7.5 .6 1.3 .43 76.9 440 420 Ernest Adams 100 .... 440 — 440 — 20.0 4.5 13.0 3.95 7.6 580 420 Euro-Nat 50 580 +60 — 600 — — — — — 178 138 FTC 25 . 170 +5 170 175 24.0 3.5 9.1 1.06 10.8 342 270 Feltex NZ 50 330 +12 — — 25.0 3.7 10.0 3.01 9.9 222 206 Fernz Corp 100 205 -1 — 210 18.0 8.7 13.6 2.79 7.3 220 210 Firestone NZ 100 . 220 — — — 17.0 7.7 33.3 3.36 2.9 115 110 First City 100 115 — 115 2.5 2.1 6.0 1.04 16.6 302 265 Fisher Paykel 50 300 -2 — 305 24.0 4.0 14.0 2.04 7.1 402 257 Fletcher Chai 50 400 +28 400 405 46.0 5.7 11.2 2.23 8.9 40 30 Fleur 50 50 40 — — 40 8.0 b 10.0 12.5 — 8.0 130 115 Fortuna 50 128 -2 130 — 18.0 7.0 8.2 .96 12.0 65 55 Foveaux Radio 100 ... 65 — — — — — — —

1986 High Low Share, Par Last Sale Change Week Quotations Div. % Div. Yield Earn. Yield Asset Bkg P/E Ratio Buy Seli 330 305 Fund NZ 100 320 — — 8.0 2.5 — — —■ 130 125 Gen Props 50 130 +2 — 130 10.0 3.8 6.3 1.29 15.6 75 48 Genestock 50 62 +2 58 65 — — — .41 — 49 43 Golden Bay 50 48 — — 48 10.0 10.4 26.8 1.20 3.7 22 17 Goliath 25 17 +1 17 20 — — — — —■• 570 360 Goodman 50 570 +60 — — 26.0 2.2 4.7 1.61 21.2 45 40 Greenhouse 25 45 — 40 — — — 11.7 .30 8.4 77 62 Grocorp 50 62 -3 — — — — — — — 262 105 Grosvenor 10 105 +5 — 28.0 2.6 2.0 .86 47.7 315 225 Hallenstein Bros 50. . . 290 -10 275 300 21.5 3.7 5.1 2.56 19.3 115 95 Hauraki Ent 25 115 +3 — — 16.0 3.4 4.1 .31 23.9 250 225 HB Trans Holds 100. . . 230 -20 — 260 17.0 7.3 17.2 2.70 5.7 241 220 Henry Berry 50 235 — — — 26.0 5.5 11.6 2.38 8.5 84 9 Horizon 25 84 — — — — — — .15 — 105 70 Hortic Inds 50 88 + 18 70 90 6.2 3.5 3.4 1.03 29.3 128 100 Hume Inds NZ 50 . . . . 120 +5 110 — 18.0 7.5 17.1 1.37 5.8 290 245 Huttons NZ 100 245 -18 —- — 15.0 6.1 15.4 .64 6.4 205 175 ICI NZ 50 205 +5 200 — 32.0 7.8 17.7 2.72 5.6 115 115 Ind Broad 50 115 — — — 16.0 6.9 12.9 .78 7.7 480 360 Ind Newspapers 50 . . . 480 +5 475 480 24.0 2.5 5.8 1.51 17.0 160 105 Intertasman 50 160 +5 — 160 20.0 6.2 14.5 .01 6.8 58 45 Invesco 50 54 -1 53 — — — — — — 145 100 Invest Fin 50 118 -2 — 120 15.0 6.3 10.0 .78 9.9 150 97 Irvin Stern 50 140 — — —• — — — — — 405 290 IWDow 50 300 + 10 290 — 38.0 6.3 27.7 3.54 3.6 242 175 J Hardie Imp 50 242 +22 — — 36.0 7.4 10.6 1.56 9.3 268 220 James Smith 50 268 +6 — — 19.0 3.5 7.0 2.17 14.1 152 130 Jarden 1 140 +5 — 145 17.0 .1 4.2 .21 23.7 80 45 Jedi Corp 10 75 +5 72 — 20.0 2.6 6.8 .28 14.7 60 45 John Bums 25 60 +9 — — 15.0 6.2 11.6 .46 8.5 95 80 John Edmond 25 (a) . . 80 — — — 18.0 5.6 12.3 .92 8.0 46 37 Kaurex 50 45 +5 37 — — — — — — 310 305 Kearns Oatina 100. . . . 310 — 300 310 15.0 4.8 5.9 1.76 16.7 63 58 Kidd Garrett 50 63 +3 — 63 10.0 7.9 14.4 .55 6.9 67 55 Kingsgate 50 65 -1 60 70 — — 1.6 .36 59.0 50 35 Kiwifruit 50 35 -5 — — — — — — — 72 52 Kupe Oil 25 72 +9 71 75 — — 7.0 .41 14.1 62 55 Lakeland 50 60 — 60 62 — —— —— — — 132 75 Landmark 25 132 +32 125 135 6.7 1.2 1.2 .41 82.5 105 95 LWR Inds 25 96 +4 95 96 36.0 9.3 17.7 1.60 5.6 150 112 Lanes Inds 50 125 + 10 — — — — 8.0 .78 12.3 165 160 Laurenson 50 160 — — — — — — — — 370 255 L D Nathan 50 370 + 10 — 365 22.0 2.9 8.2 2.15 12.0 168 135 Leisureiand 50 168 +6 — 170 11.0 b 3.2 — .31 — 47 34 Les Mills 20 35 — — — — — — — — 145 120 Leyland 50 125 +5 — — 24.0 9.6 1.2 .45 83.3 76 58 Leyland Cap 50 62 — 60 67 — — — — — 148 92 Leyland Growth 50 . . . 148 +28 115 — — —- — — — 70 65 L M Min 50 65 — — 60 6.0 4.6 9.6 .13 10.3 565 410 Lion Brew 50 565 +35 560 570 36.0 3.1 6.4 3.33 15.4 30 22 Luxoil 50 22 — — — — — — — — 190 180 Lusteroid 50 160 -20 — — 22.0 6.8 16.4 1.46 6.0 575 310 Mace 50 . . . 575 +85 — — 16.0 1.3 5.5 — 17.9 90 62 Mainstay Props 50... . 70 +9 68 70 5.0 3.5 3.8 .57 25.9 255 204 Mair 50 225 + 10 215 225 30.0 6.6 19.1 1.97 5.2 170 160 Manawatu Radio 100 . . 160 — — — 17.5 10.9 17.6 .82 5.6 330 310 Manthel Holds 50 (a) . . 330 + 10 — — 22.0 3.3 13.2 3.20 7.5 132 112 Masport 50 117 +1 — — 14.0 5.9 12.8 1.35 7.8 100 80 McAlpine 50 90 — 85 — 14.0 7.7 23.6 1.80 4.2 125 100 McConnell 50 115 +6 — — 20.0 8.6 16.5 .86 6.0 205 185 McKechnie Bros 50 . . . 190 — — — 22.0 5.7 22.8 2.11 4.3 37 23 Min Resces 20 30 — 28- — — — — .25 — 40 30 M O'Brien 50 37 — 46 55 5.0 6.7 11.3 .93 8.8 165 135 Montana Wines 50 ... . 155 +4 155 — 22.0 7.0 20.5 2.87 4.8 360 325 Morrison PIM 50 345 +5 — 350 30.0 4.3 6.7 1.08 14.8 245 145 Motor Holds 50 220 -2 — 220 22.0 5.0 16.1 1.60 6.1 335 300 Mt Cook Group 100 . . . 320 +5 320 — 18.0 5.6 13.5 3.70 7.3 155 130 Moyes Groves 50 150 — — — 26.0 8.6 21.4 1.57 4.6 66 53 Nat Pacific 10 53 -3 52 54 22.0 4.1 7.5 .37 13.2 280 225 Newmans 50 280 +3 277 280 23.0 4.1 11.7 1.75 8.5 115 100 NZ Cement 100 110 + 10 105 — 12.5 11.3 19.0 2.77 5.2 310 200 NZ Equities 25 310 +25 260 305 10.0 .8 5.0 .27 19.7 297 225 NZFP 50 280 +10 280 282 29.0 5.1 10.4 1.84 9.5 605 490 NZ Gold Fields 20. . . . 555 + 15 — — — — — .19 — 182 150 NZI Corp 50 162 +6 162 — 17.0 5.2 10.3 1.05 9.7 270 250 NZI Gases 100 265 — — — 20.0 7.5 5.5 1.51 18.0 65 55 NZ Leathers 50 55 -5 — — 10.0 9.0 94.7 1.32 1.0 205 128 NZ Marine Farms 100 . 195 +10 195 200 — — — .77 — 725 590 NZ News 100 725 + 15 715 — 23.2 3.2 8.6 4.57 11.5 51 35 NZ Oil, Gas 50 35 -2 — 36 — — — .42 — 150 120 NZ Petroleum 25 120 -10 100 350 — — — .20 — 200 112 NZ Prop Trust 100 ... 175 +5 — 180 11.9 6.8 7.1 1.15 14.0 205 175 NZ Refining 100 180 +5 — 185 16.0 8.8 28.1 3.90 3.5 495 305 NZ Salmon 25 495 +20 — — — — — .31 — 100 48 NZ Steel 100 50 -2 — — 18.0 36.0 108.4 2.60 .9 70 68 Northland FM 50 70 — — — — — 1.4 .42 70.0 75 70 Northrop 25 72 — — 75 16.0 5.5 10.4 .32 9.6 240 230 Nuhaka 100 235 -5 — — — — — 3.91 —

198S High Low Share, Par Last Sale Change Week Quotations Div. % Div. Yield Earn. Yield Asset Bltg P/E Ratio Buy Sell 17 '12 Oilfields ctb 25 13 -1 12 15 — — — .19 — 105 105 Oplo Forestry 100 ... . . 105 — — — — —■ 3.6 .98 27.6 155 108 Omnicorp 50 . 140 + 12 140 142 — — — — no 105 OHL Corp 25 . 105 — — — 20.0 4.7 11.3 .45 8.8 640 625 Otago PP 100 . 634 — —- — 20.0 3.1 10.1 2.61 9.8 227 200 Owens Group 10 . 205 -5 205 210 50.0 2.4 10.7 US 9.2 600 295 Pacerpac 50 . 565 +15 •— 560 6.0 .5 1.6 .65 60.7 57 41 Pacventure 50 57 +9 —. 57 — — — — 220 205 PDL Holds 25 (a) ... . . 215 210 220 35.0 4.0 29.9 3.25 3.3 26 15 Petro Tar 25 24 -2 — 26 — — — .12 — 58 30 Powercorp 25 46 +3 45 50 10.0 5.4 9.7 .18 10.2 28 18 Premier 25 27 — — — — — — —■ —- 190 175 Prudential 100 . 190 — 190 — 20.0 10.5 12J, 1.90 8.2 378 315 Progressive 50 . 376 +9 — 375 11.5 1.5 3.9 125 25.4 290 150 Qtron 50 . 245 -15 — — 22.0 4.4 5.6 1.97 17.7 80 60 Queenstown 40 65 -2 63 65 — —- 1.6 .48 59.0 190 165 Quill Humph 50 175 — 180 190 21.0 6.0 15.9 1.98 6.2 90 80 Rada 50 88 -1 88 89 — — — — .— 140 105 Radio Avon 25 . 105 -10 105 110 30.0 7.1 13.4 .84 7.4 115 115 Radio Otago 25 . 115 — — — 20.0 4.3 17.8 .50 5.6 290 200 Radio Pacific 50 . 285 -5 — — 17.0 2.9 — — — 482 250 Rainbow 20 475 -5 — 475 10.0 .4 1.0 .35 91.3 255 185 Ra Ora 50 . 200 — — 200 2.0 .5 — 1.28 — 310 125 Redvale 50 215 +5 — 215 — — — — 176 145 Reid Farmers 25 . 145 -15 — 175 28.0 4.8 12.5 1.17 7.9 460 180 Renouf Corp 50 460 +12 455 — 12.0 1.3 1.1 .63 85.1 271 125 Renouf Props 50 . 270 +5 260 — — — — — — 285 208 R W Hellaby 50 . 285 +30 270 280 7.0 1.2 — 1.42 — 215 155 Repco NZ 50 . 215 +10 205 — 17.0 3.9 13.5 1.44 7.3 230 210 Revertex 50 210 — — 235 15.0 3.5 11.5 1.32 8.6 395 240 R Jones 50 390 +35 385 390 10.0 1.2 .7 .91 139.2 385 245 Rothmans 50 . 385 +10 — 385 26.0 3.3 10.9 2.41 9.1 285 265 R W Saunders 50 . . . . 265 — — 290 20.0 3.7 9.1 2.49 10.9 420 395 Salmond Inds 100 . . . . . 395 — 390 — 17.0 4.3 10.6 2.32 9.4 415 330 Sanford 50 350 -10 — 360 20.0 2.8 14.4 1.26 6.9 210 100 Selby Shoes 50 125 — — — 22.0 8.8 25.3 1.82 3.9 160 125 Skellerup 25 128 +2 — 128 25.0 4.8 16.1 1.64 6.1 245 140 Smart Group 50 205 +21 — 150 — — — .47 — 350 300 Smith-Biolab 50 330 +10 320 — 21.0 3.1 6.7 1.42 14.7 130 100 Smiths City Mkt 20 . . . 117 -3 115 118 18.0 3.0 11.9 .55 8.3 165 105 Southland Meat 50... . 120 +5 120 130 17.5 7.2 — 1.80 — 20 9 Sthn Petroleum 25. . . . 18 -2 — 18 — — — .08 — — — Sovereign 25 6 — — — — — — — —‘ 53 36 Spectrum 25 36 -9 — 45 — — 6.3 .27 15.6 190 145 Steel Tube 50 . 185 + 10 182 190 25.0 6.7 14.2 1.57 7.0 90 80 Stereo FM 100 90 — —- — — — — .15 — 155 140 Stevens 100 145 — 145 13.5 9.3 16.1 1.81 6.1 120 75 Tag 50 120 +5 — — 10.0 4.1 7.2 .51 13.7 55 40 Tag Proplink 40 45 — 40 — — — — — — 385 375 Taylors Dry 100 . 380 -5 — 390 22.0 5.7 12.8 2.98 7.7 57 40 Technicgroup 25 57 +17 — — 8.0 b 3.5 17.0 — 5.8 136 70 Thoroughbred 50 135 -1 135 — — — — — — 170 125 Trans Ashb 50 160 — — 175 16.0 5.0 9.0 .94 11.1 280 260 Trans Nth Canty 100 . . 280 — — — 17.0 6.0 1.3 2.91 75.6 175 135 UEB Inds 50 . 165 — 165 166 25.0, 7.5 20.6 2.43 4.8 40 38 Utd Resources 50 ... . 35 — — — — — — .84 — 340 250 Unity 50 . 330 + 18 — — 16.0 2.4 6.4 .87 15.5 66 43 Venturecorp 50 66 + 12 — 66 — — — — — 193 150 Viko Holdings 25 155 — — — 38.0 6.1 16.3 1.26 6.1 290 145 Visionhire 50 . 290 +35 220 — 20.0 3.4 6.6 .80 15.1 52 36 Waikato Stud 25 38 +2 36 — — — 7.6 .57 13.1 190 145 Waitaki Int 50 145 -7 140 145 29.0 10.0 23.1 2.12 4.3 225 180 Waste Mngt 50 215 +5 — 215 16.0 3.7 10.2 1.41 9.7 365 315 Wattle Inds 50 360 — — — 30.0 4.1 11.0 2.52 9.0 630 615 Welgas 50 . 630 +5 — — 20.0 1.5 7.6 2.54 13.0 150 125 Wenrich 50 130 +5 — — — —- — — — 90 85 Westbridge 40 85 — — 90 6.0 2.8 8.5 1.42 11.6 350 250 Wilkins Davies 50 ... . 350 + 10 300 — 23.0 3.2 11.0 1.76 9.0 200 165 W Jeffery 100 165 -10 — 200 17.0 10.3 20.0 2.53 4.9 162 113 Wills Props 50 155 -5 — 160 8.0 2.5 12.1 1.52 8.2 700 423 Wilson Horton 100 .... . 620 -20 — — 15.0 2.4 5.2 1.99 19.0 465 250 Wilson Neill 50 435 -15 — 450 21.0 2.4 5.4 1.12 18.4 168 152 Winstone 50 157 -3 156 158 16.0 5.0 12.0 1.63 8.3 185 160 Wormaid NZ 50 160 -10 — 185 15.0 4.6 23.1 3.23 4.3 170 130 Yates Corp 50 . 170 — — — 35.0 10.2 8.8 1.88 11.2