AUSTRALIA B.H.P. in the limelight

Press, 23 January 1988, Page 33

AUSTRALIA B.H.P. in the limelight

NZPA-AAP Sydney The Australian sharemarket closed barely steady yesterday, following a similar result on Wall Street overnight, with activity focused on the major players involved in the BHP restructure. Brokers said a 0.1 point fall in the Dow Jones to 1879.3 kept local investors cautious as they selectively bought blue chip industrials in preference to gold and resource stocks. At the close the all ordinaries was 0.9 points up at 1277.5. The industrial index gained 8.7 to 2002.2 but the all resources fell 4.2 to 725 and the gold index lost 7.8 to 1833.9. National turnover was a solid 185.79 M shares worth sAustl4B.43 million. Falls narrowly outnumbered rises. “Our market remains tied to Wall Street and the four day weekend helped keep

traders cautious,” one broker said. "The highlight of today’s trade was the situation surrounding market leader B.H.P. I thought the stock performed well ... I thought it would be weaker. I think there’s still a great deal of confusion about what the restructure means for 8.H.P.” B.H.P. lost 18c on the day to 662 c after recovering from early lows of 640 c and an opening of 644 c. Bell Resources was a big winner, gaining 20c to 160 c, but off a high of 165 c. The stock topped turnover lists with 13.86 M shares worth $22.08 million trading, mostly heading offshore. Bell Group was steady at 178 c after earlier gaining 7c. Elders added 5c to 320 c after reaching a high of 330 c, and Elders Resources gained 2c to 230 c.

Closing quotes Dividends P/E Year’s Buy Sell Sale Cents YId% ratio high low 388 392 390 ACI 17.00 4.36 15.7 415 385 85 87 85 AFP — — 40.5 90 72 340 350 340 AGC 11.00 3.24 10.4 340 240 165 167 166 AN1 9.33 5.62 8.9 175 144 405 425 405 91nts 34.10 8.42 — 420 380 320 340 320 96nts 30.50 9.53 — 320 302 350 352 352 ANZ 21.00 5.97 6.4 370 332 195 205 200 AWA 10.50 5.25 — 230 200 115 — 120 Acmex 10.00 8.33 8.6 120 100 420 440 420 AdelStm 36.00 8.57 3.2 445 420 860 880 860 Adtiser 12.00 1.40 35.4 880 850 140 150 — Alcan 4.00 2.86 20.0 145 140 35 — — Alkair — — 6.8 45 35 12 15 13 Alpha — — 6.8 15 13 694 700 700 Amatil 24.40 3.49 10.9 700 650 670 — — B 24.40 3.64 10.4 —- — 385 390 390 Amcor 21.00 5.38 11.1 420 385 340 — 340 Ampol 7.50 2.21 9.4 340 320 95 100 — ApexPac 6.00 6.00 25.0 100 100 200 210 — Argo 11.00 5.37 21.8 220 205 50 52 52 Ariadne 10.00 9.23 1.7 52 42 430 435 430 Arnotts 15.50 3.60 17.5 435 400 290 340 — Ar’wfeld 10.00 3.33 12.9 300 260 — 180 — pref — — — 140 140 107 108 108 AFound 5.50 5.09 19.6 112 105 31 33 32 AustOvrs 1.00 3.13 36.8 34 31 660 662 662 BHP 31.25 4.72 12.5 734 640 30 32 — BTGIobal 3.00 9.38 4.7 32 30 646 650 650 BTR 12.00 1.85 23.6 700 610 270 300 — BankQld 15.00 5.56 11.9 270 270 — 20 20 Barwon 1.00 5.00 8.9 22 20 178 180 178 BellG 10.00 5.62 2.4 190 160 — 1200 — pref 39.00 3.25 — — —— 159 160 160 BellRes 15.00 9.38 2.3 165 130 1 5 1 Bisiey — — — 3 1 180 182 180 BondCorp 10.00 5.56 7.3 185 165 53 55 54 BondMed — — 31.8 60 53 10 12 10 opt — — — 12 8 353 355 355 Boral 18.00 5.07 10.7 362 325 120 — 120 Botena —— ■ 4.1 120 120 806 810 806 Brambles 26.00 3.23 13.3 820 750 790 840 820 90nts 30.75 3.75 — 820 750 322 325 — BrickP 9.00 2.80 16.5 325 310 138 — 138 Brierley 9.20 6.67 5.7 190 138 260 280 — Bundab’g 6.50 2.50 24.1 260 220 400 410 405 BurnsP 10.00 2.47 11.2 405 360 39 40 39 CRP — —— — 39 32 410 420 410 CIG 17.00 4.15 13.8 415 400 347 350 347 CSR 20.00 5.76 14.2 348 305 235 238 238 Cadbury 7.00 2.94 19.7 246 225 95 100 95 Chase 11.25 1.84 2.6 98 80 70 — Cl’adeen — — 17.5 72 70 120 125 125 ClytnRob 5.00 4.00 7.1 155 125 145 — — Clyde 11.25 7.76 10.4 145 140 340 — 350 CoalAil 20.00 5.71 7.0 350 320 600 606 600 ColesM 24.00 4.00 12.4 630 580 240 245 240 Comalco 20.00 8.33 4.8 280 235 — 10 — Cortaus — — 2.2 10 10 190 205 — Costain 10.00 5.26 9.8 210 185 50 60 — Deak 5.00 9.09 3.8 60 55 225 230 230 EDunlop 8.00 3.48 14.3 250 225 32 — 32 Eastcourt —— — 4.4 32 30 320 322 320 Elders 17.90 5.59 5.7 330 295 256 260 260 Email 12.70 4.88 10.6 260 230 80 — 80 Equitcorp 2.50 3.13 3.3 85 75 20 50 — EuroNat — — 1.9 55 50 540 540 FAI 6.00 1.11 10.5 590 520 220 — — Feltex 12.88 — — — — 100 102 100 FinMet — — 7.7 106 90 395 400 FCL 21.62 5.47 8.8 405 385 115 120 120 Fortuna 12.42 35 5.5 120 100 288 290 290 GPT 23.20 8.00 12.5 290 270 218 220 218 Goodman 11.00 5.05 9.8 292 210 75 80 — H.D.F.I. 10.00 3.33 3.4 75 70 135 140 140 Hanimex 5.00 3.57 8.8 150 135 260 263 263 HardieJ 18.00 6.84 9.7 285 245 160 165 165 HelmCorp 1.00 .61 41.3 180 165 — 95 — opt — — — — — 35 45 — Hitek — — 36.4 45 35 182 185 183 Hooker 15.00 8.20 4.9 185 170 220 250 — Humes 13.00 5.78 11.5 230 200 1800 1900 1800 IlProp — — — 1800 1800 420 430 425 ICI 20.00 4.71 11.3 450 400 80 — lELGrwth 5.76 8.40 2.6 — — 70 — — lELIncme 11.52 5.36 6.5 — -— 72 ■ 72 Imagin 3.00 4.17 7.2 80 70 166 167 166 IEL 10.00 6.02 4.9 170 140 90 100 98 InterPac 7.75 7.91 — 101 98 70 80 Intrchase '— — —- 70 70 170 — Jasco 5.00 2.94 10.5 170 170 208 210 210 Jennings 10.00 4.76 11.9 210 175 540 550 544 JonesDav 36.00 6.62 2.7 550 520 100 105 100 JonesRbt 4.50 4.50 7.9 115 96 90 — Jonray 4.00 4.44 6.6 90 85 160 180 — Kern 5.50 3.44 5.2 155 150 — 100 — Kimberley — — — — —— • 60 70 — Lrchhill 16.00 2.86 0.9 70 60 5 30 — opt — — — 10 10 42 45 — Leda — — 41.3 50 43

48 50 48 Leighton — — 7.7 48 44 1130 1150 1120 LLease 45.00 3.98 14.3 1120 1010 255 270 255 Linter 20.00 7.84 6.9 280 225 455 460 460 Mayne 18.50 4.02 10.6 465 435 115 — McPhers 6.25 5.21 10.3 125 115 220 230 225 Memtec 1.00 .44 5.5 250 215 265 — NZFP 11.96 3.99 12.2 300 300 185 185 NZICorp 9.66 5.22 8.6 185 170 443 448 446 NatAust 24.75 5.55 6.6 450 400 225 230 — NatCons 18 8 4.3 240 1170 1180 1180 NewsCorp 7.00 .59 9.2 1310 1150 265 270 270 OPSM 11.50 4.26 15.2 280 255 27 — 26 Oakbridge — — — 26 17 362 364 363 PacDunlp 13.50 3.72 11.2 388 352 35 80 — Parbury — — — —— •— 228 230 230 Peters 17.00 7.39 8.4 240 213 240 245 243 Pioneer 12.50 5.14 8.2 270 230 385 — 385 QBE 14.00 3.64 9.5 385 380 440 445 — Qintex 12.00 2.70 23.3 450 440 — 240 — ReilCorp 3.00 1.25 12.8 245 235 10 opt —— —— — 15 15 185 — 190 Renouf — — 21.1 190 190 199 200 200 Rheem 9.50 4.75 13.0 200 175 — 25 — Rocado In — — — — — 5 — — Rocadoln 12.50 — — — — 670 700 700 Rothmans 20.00 2.86 11.3 700 640 70 72 — Rothwells 24.00 4.29 1.3 77 70 275 — 280 SmithHwd 20.00 7.14 14.4 280 270 400 420 410 SthnFarm 10.00 2.44 8.7 420 400 35 48 — Stockbge — — — — — — 20 — opt — — — — — 18 20 20 TAGPac — — 5.3 25 18 392 395 392 TNT 15.00 3.83 9.8 420 375 170 176 170 Taylor 10.00 5.88 3.0 175 140 50 60 — USMaster — — 80.0 60 60 450 — Union 22.00 4.31 10.6 510 510 63 68 — Unity 5.00 7.69 — 65 64 30 32 — Vapocure — — 30 25 40 48 — Vestcorp 4.50 — 2.0 50 45 12 17 12 Viking — 12.0 16 12 28 . 30 30 Walton — — 31 30 340 355 — Wattyl 10.50 3.00 13.0 365 350 170 185 —— WestCptl 2.00 1.18 17.6 180 170 524 530 — WfieldHI 5.62 1.06 21.7 530 490 185 —- 185 WfieldTr 16.32 8.82 11.3 190 163 65 68 68 Westmex 5.00 7.35 6.0 72 65 502 504 504 Westpac 28.50 5.65 6.8 506 450 49 50 50 WfldCap 3.00 6.0 4.0 60 48 215 220 —— Woolworth — —— —- 220 200 120 122 122 Wormaid 20.00 6.39 4.5 130 105 50 50 A.U.R. 2.00 4.00 6.8 56 50 370 380 375 ACMins — — 24.2 465 370 420 — — Aberfoyle 5.00 1.19 28.0 470 400 145 147 145 Ashton — — 30.9 155 140 175 180 180 AustDevi — — — 210 175 82 85 83 BHPGold — — 105 80 56 60 — Bendigo — — — 70 58 45 65 — ct —- — — — — — 40 — 91opt — — — 70 40 — 70 — 96opt — — — 45 45 355 358 355 Bougainvl 12.64 3.56 19.9 415 350 120 123 120 CNGold 3.30 2.75 11.5 140 120 560 570 570 CRA 15.00 2.63 23.0 680 570 94 95 95 CarrBoyd 6.00 6.32 13.6 105 70 35 38 38 CityRes 8.00 1.05 — 50 35 3 4 — ConsRes — — — 4 3 640 — — ConsRtie 45.00 7.03 8.1 620 580 98 100 100 Dominion —■ — — 130 100 225 230 230 ERA 5.00 2.17 18.3 260 220 228 230 230 Elders 7.00 3.04 12.9 235 205 325 320 Emperor 22.00 6.88 6.4 370 320 180 185185 Forsayth 10.00 5.41 7.7 217 180 300 305 305 GMKalg 24.00 7.87 10.7 340 275 130 132 130 GiantRes — — — 140 130 — 15 — opt — — — 16 15 210 210 HiII50 — — 38.2 240 210 270 280 280 JasonMin — — — 315 270 20 22 — J’iana — — — 25 20 40 41 40 KaiOra 4.00 — 20.0 46 40 430 445 445 Kidston 28.00 6.29 9.2 480 415 50 — — Kitchener —— — — 60 60 25 30 30 KiwiGid — —— — 30 25 158 160 160 MIM 4.00 2.50 32.0 208 160 195 — 200 MetalsEx — — 17.6 200 190 910 900 Metana 20.00 2.22 25.0 1000 900 30 35 30 Moruya — — — 38 30 540 550 540 Niugini — — 62.5 600 520 145 150 150 Noranda 16.87 1.25 4.5 200 145 250 255 250 NBH 9.00 3.60 18.9 270 225 76 . 78 NthKalg 1.99 2.55 11.9 82 73 630 650 — NthFlndr 40.00 6.15 12.7 700 650 38 — Otter — —— — 39 27 185 190 185 Pancont 2.50 1.35 13.8 210 180 75 80 75 Paragon - — — — 78 72 80 85 — rts — — — — — 50 60 55 opt —— — — 55 45 115 — — Paringa 42.90 5.75 0.9 210 115 740 750 742 Peko 22.00 2.96 12.6 752 680 180 187 185 PlacrPac 3.00 1.62 26.0 240 180 250 255 250 Poseidon 10.00 4.00 16.7 275 230 114 115 115 QldCoal 15.00 3.04 7.7 117 105 850 860 850 RGC 15.00 1.76 19.8 980 850 700 — 700 SnsGwlia 45.00 6.43 9.4 760 680 31 32 31 Spargos — — — 35 30 — 1 —— ct —— —— — 3 1 30 33 — SthnPac — — — 35 30 20 26 — T’hnomin — — — 23 20 14 20 — TitanRes — — — 17 17 2 3 2 opt — —— — 5 2 514 516 514 WMC 10.00 1.95 39.8 620 514 140 150 130 WalMin —— — — 130 110 150 — — WestSand 8.00 5.33 7.9 150 125 75 — 75 AOG — — 9.9 77 55 300 305 300 AmpolExp — — 24.2 310 265 30 33 30 Beach 1.50 5.00 11.1 31 28 71 72 72 Bridge — — — 82 69 30 33 30 opt — — —— 40 30 29 30 30 Claremnt 3.50 1.67 10.0 38 28 128 130 130 Crusader 2.50 1.92 22.4 131 100 15 — Cultus — —— — 22 20 40 47 — Expodd 6.00 5.00 3.9 47 38 160 165 165 Hartogen — — 19.2 180 160 4 15 — LreachO —— — — — — 285295 285 Magellan — — 71.3 320 240 6 8 — Magnet — — — 10 5 67 68 68 OilSch — — — 100 65 86 88 90 PekoOil — — 44.0 96 80 2 3 3 Petroz — — — 3 2 395 397 397 Santos 18.00 4.53 10.7 420 395 235 — — Vamgas 6.00 2.55 22.4 235 210 1100 — —— WeeksPet — — 50.5 — — 120 130 130 Woodside — — — 132 115