N.Z. SHAREMARKET

Press, 14 September 1988, Page 44

N.Z. SHAREMARKET

Mean dividend yield 6.4 per cent. Mean earnings yield 15.8 per cent. Mean P/E ratio 5.6.

Median dividend yield 2.4 per cent. Median earnings yield 5.7 per cent. Median P/E ratio 1.6.

Table shows last sale price as advised by the stock exchange; quotations are from the ChristchurthInvercargill exchange. Dividends exclude bonuses not regularly paid. All figures fully diluted. 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. n, in U.S. currency. p, in Aust, currency.

1988 Last Change Quotations Div. Div. Earn. Asset P/E High Low Share, Par Sale Week Buy Sell % Yield Yield Bkg Ratio 20 5 40 8 2 27 Aden Corp 50 Advantage 5 Agland 50 8 2 . 40 +3 2 3 40 - 5.0 .74 .29 .19 .59 20.0 24 40 5 10 Agricola 50 Ahead 50 . 12 . 14 -1 10 8.0 28.5 75.7 1.3 190 120 Ajax McPhersons 50. . . 190 — — — 28.0 7.3 12.0 . 2.63 8.3 65 65 150 20 35 100 Akron 25 Allegra 50 Allflex Holds 50 ... . . 30 . 55 . 135 -5 57 8.0 10.0 7.2 3.7 57.6 7.5 1.61 1.24 1.7 13.2 55 45 Amuri 50 . 52 +2 52 55 12.0 11.5 23.6 .80 4.2 240 40 Angus 50 70 -5 70 — 28.0 20.0 26.8 .91 3.7 15 2 Anzon 50 11 -1 10 11 4.0 18.1 — 65 90 28 28 78 8 Apparel 100 Apple Fields 50 .... Arahi Props 50 . 28 . 80 . 15 10 — 5.0 4.0 17.8 13.3 4.5 98.6 1.38 1.05 .75 22.2 1.0 60 28 Ararimu 25 . 30 — — — — 10 2 Areco 30 2 -2 2 — — .15 60 300 20 120 Argus Questar 50 . . . Arthur Barnett 50 . . . . 27 . 120 +2 -60 - — 5.0 24.0 9.2 10.0 20.5 4.0 2.71 .59 4.8 25.0 70 30 A. Barnett Props 50. . . 30 — — — . 2.0 3.3 108 50 Ascot 50 . 60 — — — — 7.3 225 180 AB Cables 50 . 210 — 210 — 29.0 6.9 13.5 1.92 220 150 Aurora Group 25. . . . . 158 — — — 32.0 5.0 29.3 3.65 3.4 45 28 Aust. Res 100. . 40 — — — — 16.6 33 7 Australis 50 . 10 — — — — 6.0 .50 .18 .41 55 15 Autocrat Sanyo 100 . . . 15 -30 — — 35 12 Aw Investments 100. . . 15 -5 — — — 180 110 Baillie Mtrs 50 . 110 -30 — — 20.0 9.0 27.3 1.97 3.6 126 100 Bancorp 50 .. 108 +8 ' — —• — 176 95 Bank NZ 50 . 171 +2 170 — 15.0 4.3 13.2 1.25 7.5 40 130 70 18 84 20 Barclay NZ 20 Baycorp 25 Betacorp 50 . 18 . 106 . 65 -1 +5 — 4.0 16.0 30.0 4.4 3.7 23.0 10.8 74.3 .19 .29 3.19 9.2 1.3 155 10 Bexley 100 . 15 — — — — .62 3.8 30 15 Blandford 50 . 18 -2 . — 25 — —* 26.1 210 120 BNZ Finance 25 ... . . 189 -1 180 — 30.0 3.9 8.6 .79 .52 11.5 35 17 Bowen 50 . 19 — — — ■ 15.0 39.4 70 20 Bridgecorp 25 . 35 — — 40 — — .05 206 108 Brierley 50 ....... . 139 -5 139 140 20.0 7.1 11.2 .76 8.9 70 40 Broadway 50 . 45 — 40 — 11.0 12.2 24.8 .67 4.0 700 280 Canty Roll Flour 100. . 550 -150 550 600 20.0 3.6 2.3 4.91 43.3 25 10 Capcorp 50 . 14 15 — — — 136 85 Cap Markets 25 .... . 130 -2 — 130 50.0 9.6 20.6 .93 4.8 23 195 3 60 Caprana 50 : Carborundum 50 ... . . 15 . 60 — - 12.0 ioJoj 5.6 1.11 17.6 130 70 Cardrona 100 . 115 +5 - — — 5.0 4.3 9.7 1.14 10.2 160 100 Carr Bus 50 . 155 — 120 160 — — — — 188 110 Carter Holt 50 . 168 -3 . — — 24.0 . 7.1 15.9 2.12 6.2 20 2 Cashcorp 50 2 — — — — — 150 2 Cashpac 50 2 — — — — 70 43 Cavalier 50 . 70 +3 65 — 11.0 7.8 14.2 1.26 7.0 308 145 Ceramco 50 . 148 +3 148 — 32.0 10.8 18.9 1.10 5.2 285 205 Cerebos 50 . 285 — — — 21.0 3.6 9.0 1.49 11.0 70 25 Ceres Pac 100 . 40 — — — — — — 62 5 Chambard 20 5 — — — — — 18.0 .39 5.5 121 50 64 Chase 20 . 115 — — — 60.0 10.4 34.0 2.04 2.9 18 City Realties 50 .... . 35 -13 — — 3.0 4.2 2.2 .68 43.7 28 5 Clearwood 50 . 15 +3 — — — — — — — 225 180 Colonial Motor 50 . . . . 190 — — 300 22.0 5.7 8.8 1.44 11.2 125 50 Comm Securities 50. . . 50 -3 — — 6.0 6.0 14.0 2.08 7.1 35 18 Commodore 25 . 20 -5 18 — — — .5 .53 — 9 1.5 Como 10 1.5 -0.5 1 2 — — — .10 — 40 20 Compass Duty 50 . . . . 20 — — — — — 25 15 Coronet 25 . 20 — — — —• — 14.5 .40 6.8 22 15 Coronet F.E. 25 .... 22 +2 — — — — — .45 — 22 15 Coronet U.K. 25 ... . . 20 — — — — — — .54 — 200 120 Corp Inv 20 . 173 -9 —- — 40.0 4.6 12.7 1.01 7.8 200 3 Cory Wright 50 2 — . — — . 22.0 — — 1.81 — 191 95 Countrywide 50 . 185 -1 — .• 190 16.0 4.3 — 1.75 — 35 2 Crowe Corp 50 3 — — — — — — .45 65 11 Crown 50 . 16 -1 . — — 24.0 75.0 171.8 1.69 .5 35 20 Cruise 50 . 20 •— —- — — — — — 12 5 Cue Energy 25 5 -3.5 — — 8.0 40.0 52.0 .25 1.9 100 80 Damba 100 . 100 — — — — — — — — 200 95 Datamatic 50 . 95 — — — ■ — — — — — 25 13 DeRedcliffe 50 . 25 — — — — — — — — 135 90 Donaghys Ind 50. . . . . 120 — 128 —- 23.0 9.5 9.4 1.76 10.6 55 35 Dunbar Sloane 100 . . . 45 — — 48 — — — — 70 30 East Equities 50. . . . . 30 — — — — — — .60 — 335 220 Ebos 50 . 235 — — — 23.5 5.0 19.5 2.18 5.1 392 250 Elders NZFP 50 ... . . 362 -18 360 — 32.0 4.4 5.4 3.16 18.4 48 3 Environ 20 . 20 +10 10 20 —■ — — 7 3 Enzedtech 50 (n) ... 6 — 6 — — — — — — 154 47 Equiticorp 40 . 47 -13 — — 25.0 21.2 27.8 1.12 3.5 235 170 Ernest Adams 25. . . . . 180 + 10 170 180 24.0 3.3 10.8 1.37 9.2 55 24 Euro-Nat 25 . 30 -6 — — 13.0 c 10.8 89.0 2.36 1.1 650 260 Europac 200 (n) . . . . . 400 — .395 — — — 50 5 Excell Corp 50 . 18 — — 20 — — 13.3 .52 7.5 290 215 Feltrax NZ 50 . 252 -5 — — 28.0 5.5 20.0 3.23 5.0 345 225 Fernz Corp 100 . 340 +12 — — 18.0 5.2 6.1 2.49 16.1 20 8 Fin and Res 50 . 13 — 12 —•. — — : — 290 200 Firestone NZ 100 ... . 250 +15 230 270 40.5 16.2 21.4 3.89 4.6 130 70 First City 100 . 75 — — — 10.0 13.3 22.1 1.24 4.5 415 310 Fisher Paykel 50. . . . . 345 +5 — .. — 32.0 4.6 11.5 2.60 8.6 500 385 Fletcher Chai 50.... . 483 . -17 480 483 47.0 4.8 10.1 2.85 9.8

1988 High Low Share, Par Last Sale Change Week Quotations Div. % Div. Yield Earn. Yield Asset Bkg P/E Ratio Buy Sell 255 100 Fortuna 50. . . 222 +12 — ■ — 29.0 6.5 15.7 1.71 6.3 90 50 Foveaux Radio 100 .. . . 81 — 80 — — 25 3 Fullers 50 3 — — — 28 65 8 35 Gaze 25 Gen Props 50 . 25 ■ . 50 50 - 10.0 10.0 38.4 1.56 .24 ’ 2.6 5 50 2 1 — 2 —* Goldcorp 50 1 -3 — 5 - — — — 13 327 3 205 Gold Res 25 Goodman 50 6 . 293 +1 -20 290 - 19.5 3.3 7.5 1.13 13.1 55 8 Grocorp 50 . . 24 +4 — — ■,— 70 40 Wallenstein 25 . 52 — — — 18.0 16.0 71.6 .47 .47 3.68 5.5 6 2 30 5 Hamelyn 20 10 — — — 55 130 15 52 Harcourts 50 HB Trans Holds 100. . . . 60 - - 20.0 33.3 1.3 42 30 Helicopter 40 . 30 -5 ““ — 30 9 Heritage 50 . 20 -5 — — 33 45 250 428 258 23 32 165 345 115 Holdcorp 50 Horner Greenlees 25 . . ICI NZ 50 Ind Newspapers 50 . . . IEP 100 . 28 40 . 213 . 406 . 237 -2 +4 -5 405 240 4.0 32.0 25.0 20.0 2.5 7.5 3.0 8.4 15.2 9.3 6.4 5.3 .41 2.84 3.34 1.63 6.5 10.6 15.4 18.6 130 30 Inter-Pac 50 (p) . 38 +3 — — 1.5 b 1.9 4.7 3.72 .67 .94 21.1 6 1 Invesco 40 1 — 1 8.7 9 1 Invest Fin 50 2 — — 2 14.0 — 520 55 James Smith 50 . 55 — 50 — 19.0 17.2 34.3 2.17 90 58 . 60 +2 55 — 50.0 .8 36.8 1.00 2.7 300 200 Jarden Euro 200 (n) . . . 300 — — — — — 1.1 95 55 John Edmond 25 . 62 — — — 20.0 B.O 88.7 1.52 1.63 .72 1.66 .72 14 6 Judge Corp 50 7 — — — 35.0 — 25 220 1 170 Kaurex 50 Kearns 100 1.5 . 170 -30 170 180 10.0 5.8 6.9 14.4 4.1 28.8 60 28 Kenwood 25 30 — — — — — 24.0 35 18 Kingsgate 50 26 +1 25 — 4.0 7.6 3.4 .80 .48 .29 30 5 Kiwi Bear 50 11 — — . — 65 23 Kiwi Gold 25 . 34 — — — — — 10 ' 2 Kiwi Oil 25 4 — —- — — — .8 55 22 Kupe 50 . 30 — — — 26.0 43.3 123.6 1.82 48 6 Lakeland 50 6 — — — 4.0 33.3 41 15 Landmark 25 . 16 -4 — — 20.0 31.2 95.0 .84 1.0 145 85 LWR Inds 25 . 105 +3 105 110 40.0 9.5 20.9 1.84 4.7 85 40 Lanes Inds 50 . 61 — — — 15.0 12.2 31.3 1.20 3.1 30 18 Lasercorp 50 . 22 +2 18 — 2.5 5.6 12.7 .51 1.02 7.8 115 40 Laurenson 50 . 40 — — — 35 15 Lectrica 50 . 20 — — — 3.0 7.5 .51 65 25 Leisureland 50 35 +5 31 — — — 13.4 .78 7.4 3 65 125 1 13 58 Leverage 50 Leyland 50 Leyland Growth 50 . . 1 13 65 -5 +4 5 1 20.0 16.0 76.9 12.3 11.5 34.4 .24 .45 1.33 8.6 2.9 8 — — — — 7 135 1 Link IEL - 2 — — 3 — . — — — — 75 L M Min 50 . 80 -5 — — 6.0 3.7 6.0 .23 16.6 282 225 Lion Nathan 25 . 263 —2 ■ 262 263 50.0 4.7 12.0 2.05 8.3 13 4 London Pac 10 9 -0.5 9 10 20.0 22.2 56.6 .28 1.7 30 12 Madison 20 . 16 -2 — — — — — — 480 372 Magnum 50 . 455 -11 — 465 32.0 3.5 6.9 3.67 14.4 5.0 110 30 Main Corp 50 40 — — — — 19.7 .79 42 15 Mainstay Props 50. . . . 18 +2 — 18 6.0 16.6 — .64 102 70 Mainzeal Prop 100. . . . 89 -1 — — — — 260 160 Mair 50 . 190 -10 190 — ' 30.0 7.8 21.5 2.14 4.6 105 30 Markham 100 . 97 — — — 10.0 10.3 17.0 1.70 5.8 10 4 Max Res 25 4 — — — — — 22 4 Maxwell 50 10 +6 10 — — — — 105 27 Mayfair 100 . . 27 — 25 30 10.0 37.0 97.7 1.69 1.0 240 155 McKechnie Pac 50 . . . 230 -5 — — 26.0 5.6 15.3 1.99 6.5 148 45 Met Life 50 . 170 +30 150 — 20.0 5.8 14.1 1.35 7.0 65 45 Michael Hill 20 . 47 -3 50 — 20.0 8.5 51.0 . 1.35 1.9 170 150 Milburn 100 . 157 — — — 18.0 11.4 30.7 3.53 3.2 87 50 Min Resces 20 55 — — — — — - .30 40 0.5 Mirage 25 : 0.5 -0.5 — — — — — 50 30 Morton 1 . 40 +2 — 45 — 22 6 Motor Holds 50 8 -1 — — 22.0 — 108.7 1.64I .9 180 100 Mt Cook Group 100. . . 150 +5 150 — 18.0 12.0 38.2 3.62 2.6 105 80 Mut. Pac 40 . 80 — — — 13.8 6.9 5.2 .42 19.0 51 20 Nat Pacific 10 . 37 +9 — — 23.0 6.2 23.5 .47 4.2 120 / 80 Newmans 50 . 118 — — — 23.0 9.7 13.3 1.47 7.5 125 75 NZ Equities 50 . 78 -14 — 90 28.0 17.9 45.3 1.86 2.2 70 15 NZ Gold Fields 20. . . . 25 — — —» — — 2.8 1.02 35.7 210 111 NZI Corp 50 . 113 +7 110 114 21.0 9.2 7.5 .77 13.2 138 75 NZ Leathers 50 . 80 — — — 15.0 9.3 16.0 1.42 6.2 80 35 NZ Oil, Gas 50 . 67 +1 . — 67 — — • ■ — .46 — 170 150 NZ Petroleum 25 . . . . 160 — — 100 — — — .54 — 260 130 NZ Refining 100 .... . 260 +25 240 250 21.0 8.0 16.0 4.39 6.2 55 22 NZ Salmon 25 40 +3 38 — 7.5 4.6 — .31 '-120 80 NZ Skifields 100 ... . . 85 +5 — — 2.0 2.3 3.1 1.22 31.4 145 85 Normedia 50 . 90 — 55 — — — 1.1 .42 90.0 335 160 Nuhaka 100 . 235 — — — — — — ■ 5.03 150 40 OHL Corp 25 . 40 — • — — 20.0 12.5 31.0 .54 3.2 38 12 Oilfields ctb 25 . 32 — — — — — 1.2 .23 80.0 70 35 Opio Forestry 100 . . . ; 35 — — — — — .82 60 45 Omnicorp 50 . 55 +4 55 — — — 6.1 .58 16.1 300 20 Otago PP 100 . 35 -5 — 40 — — 1.16 73 35 Owens Group 10 ... . 70 — — ■ — 90.0 12.8 15.8 1.40 6.3 1065 520 Pacer Kerridge 50 . . . 560 +10 550 — 27.1 2.4 29.9 10.18 3.3 86 30 Pac Assets 100 (p) . . . 85 -1 — . — — — 25 25 Pac Sun 50 (n) . 25 ■ —

1988 Share, Par Last Sale Change Week Quotations Div. % . Div. Yield Earn. Yield Asset Bkg P/E Ratio High .OW Buy Sell 35 8 Paladin 50 . . 10 +2 8 — — — — .29 — 40 8 Pan Austral 50 8 — — — 4.0 25.0 47.5 .52 2.1 20 10 Panz 50 . . 10 -5 — — — — — — . —• 225 38 Paynter 50. ...... . . . 40 -2 38 — 16.0 20.0 128.5 1.51 .7 142 100 PDL Holds 25 . . 100 — 105 — 35.0 8.7 37.6 2.71 2.6 7 2 Perry Dines 50 5 -0.5 — 6 — — — — ' — 105 25 Pharmol 50 . . 30 — — — — — —- — .... — 30 6 Platinum — 19 +1 50 — — — — — —■ 50 20 Powercorp 25 . . 32 — — — 13.4 .24 7.4 45 2 Premier 25 2.5 — — • — . — — — .25 — 75 25 Primacq 20 .. 56 +3 — — 25.0 8.9 61.0 2.45 1.6 5 1.5 Prime West 5 2 — ■ 1.5 2 —. — 5.0 .08 20.0 6 1 Prodigal 5 1 -0.5 — 2 — — — — 40 15 Producorp 50 . 15 — — ■ — — — — — 28 12 Prorada 50 . 14 +1 —- — — — —- — 360 200 Prudential 100 . 300 — — — 20.0 6.6 7.6 1.90 13.0 25 1 Rada 50 ... . 11 — 9 11 — — 50.0 .93 2.0 145 127 Radio Avon 25 . 127 — — 30.0 5.9 21.5 1.08 4.6 300 235 Radio Otago 25 . 235 — — — 40.0 4.2 21.4 1.28 4.6 250 160 Radio Pacific 25 ... . . 170 +2 — — 41.0 6.0 10.5 .50 9.4 40 23 Rank Group 100 ... . . 40 +15 — — — — — — — 150 60 Ra Ora 50 . 120 -5 120 — 7.0 2.9 6.3 1.30 15.7 45 34 Regal Salmon 25. . . . . 40 -1 44 — — — 9.7 .43 10.2 155 95 Reid Farmers 25. . . . . 155 +5 152 — 30.0 4.8 9.2 1.15 10.8 50 20 Renouf Corp 50 .... . 26 +2 26 — 16.0 30.7 93.4 .77 1.0 110 50 Renouf Prop 50 .... . 50 — — — — — 23.8 .62 4.2 25 10 Restech 50. . 20 — — — — — 2.0 .58 50.0 130 70 Revertex 50 . 120 +4 — — 15.0 . 6.2 16.1 1.73 6.1 65 22 Richmond Smart 50. . . 27 +5 — 28 16.0 b 29.6 — 2.10 — 134 76 R Jones 10 . 110 -4 109 111 50.0 4.5 25.3 1.05 3.9 ■205 80 R W Saunders 50 . . . . 84 — — — 20.0 11.9 36.0 2.90 2.7 133 90 Salmond Biolab 50 . . . 105 — . 105 — 20.0 9.5 13.1 1.50 7.6 155 100 Sanford 50. . . . 112 — 110 — 20.0 8.9 . 15.6 .60 6.4 12 3 Scenic Circle 25 ... . 7 — — — ■ — — — .20 • — 15 5 Sigma 25 . 14 -1 — — — — — — — 90 38 Skeggs Corp 50 . 50 — ■ — — — — — .67 — 90 55 Smiths City Mkt 20 . . . 56 -2 55 —- 20.0 7.1 16.9 .81 5.8 35 20 Somex 50 . 30 — — — — — 2.3 42.8 180 85 Soundwaves 10 . 165 — 150 — 75.0 4.5 12.4 .79 8.0 . 95 50 South Corp 25 . 72 -6 70 — 24.0 8.3 16.8 .99 5.9 37 7 Sthn Petroleum 45. . . . 35 -2 — 37 — — — .29 — 50 22 Spectrum 25 . 41 — — • — — — 1.2 .32 82.0 40 17 Stars Corp 50 . 17 — — — — — — — — 125 80 Steel Tube 50 . 125 — — . — — — — 1.93 —■ 105 40 Stevens 100 . 42 —3 — — 11.0 26.1 63.3 1.54 1.5 44 18 St Martins 50 . 29 -3 — ■ — — — — — — 36 8 Strada 25 . 10 -1 10 — ■ 84.0 — — — — 25 8 Strada Ent 100 12 -1 — 15 — — — —- — 120 1 Stratcap 50 . 15 — — — 20.0 66.6 10.0 .01 10.0 15 8 Strathmore 40 . 10 — — — — , — — .05 — 20 5 Striker Group 25. . . . . 10 — — 10 — — 29.0 . — 3.4 35 6 Summit 25 7 — — 7 —- — — — 82 40 Tag 50 . 53 +1 52 — 14.0 13.2 107.7 1.50 .9 42 8 Tag Proplink 40 ... . . 25 -3 — — 5.6 8.9 62.4 • — 1.6 400 242 Taylors 50 . 242 — — — 27.0 5.5 18.4 2.65 5.4 25 5 Tedtinicorp 25 6 .. — — — 14.0 58.3 116.6 .55 .8 82 15 Terrace 50 . 15 -8 — — — — .6 .61 ■ . — 50 30 Theseus Inv 50 . 45 — — — — — — .59 — 300 170 Tozer KM - . 220 -8 — — — — — — T360 180 Transmark 50 . 225 +25 210 220 26.0 5.7 7.3 2.05 13.6 55 17 Transpac 100 . 25 +8 10 20 — — — 2.20 — 50 25 Tranzequity 50 . 30 -5 — — — — — — — 350 240 Triple M 100 . 350 — — — —• ■ — — .18 — 5 1 Triumph 4 3 +1 — — 1.5 2.0 — .02 — 50 4 Troycorp 50 4 — — — — — — . — — 25 10 Tulwest 10 . 12 — — — 12.0 10.0 35.0 .78 2.8 206 160 UBix Copiers 2 . . . . . 200 — —, — 65.0 .6 15.8 .70 6.3 76 30 Utd Resources 50 . . . . 65 +2 . — — — — — .84 — 17 4 Venturecorp 50 8 — — 9 4.0 25.0 — — — 50 25 Vent. Pacific 50 ... . . 25 — — — 7.0 14.0 36.0 .68 2.7 24 12 Waikato Stud 25 ... . . 18 +3 — — — — 16.1 .57 6.2 122 48 Waitaki Int 50 . 48 -4 — 50 14.0 14.5 «— 1.76 — 190 165 Waste Mngt 50 . 170 -10 — .— 14.0 4.1 10.7 1.66 9.3 90 40 Wellesley 50 . 41 -1 41 42 12.0 14.6 44.1 1.61 2.2 230 140 Wilkins Davies 50 . . . . 145 — 145 — 28.0 9.6 47.8 4.06 2.0 625 475 Wilson Horton 100. . . . 592 . +2 580 600 13.0 2.1 5.7 2.18 17.3 80 50 Wilson Neill 10 . 66 +1 66 — 60.0 9.0 20.6 .38 4.8 82 30 Woodcorp 100 . 45 — — — 4.0 8.8 79.1 1.43 1.2 38 22 Woodstock 50 . . 23 — — — — — 8.2 .57 12.1 130 65 Wormaid NZ 50 . . . . . 110 +4 110 — 18.0 8.1 36.0 2.64 2.7 185 130 XS Corp 100 . 135 — —■ — 17.5 12.9 17.6 .93 5.6