N.Z. SHAREMARKET

Press, 19 July 1989, Page 40

N.Z. SHAREMARKET

Tuesday, July 18, 1989

Mean dividend yield 6.7 per cent. Median dividend yield .0 per cent. Mean earnings yield 15.1 per cent. Median earnings yield 2.7 per cent. Mean P/E ratio 5.2, Median P/E ratio .4.

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. 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.

1989 High Low Share, Par Last Sale Change Week Quotations Div. % Div. Yield Earn. Yield Asset Bkg P/E Ratio Buy Sell 8 8 Aden Corp 50 8 — — — ■— — 5.0 .74 20.0 1 1 Advantage 5 I — — 0.5 — — — .29 — 30 26 Agland 50 . 30 — 25 33 — — — — — 17 13 Agricola 50 13 — 10 — — — — .19 — 18 9 Ahead 50 . 15 — 12 — — — — .54 — 48 30 Akron 25 . 48 — 44 — — — — — — 40 26 Allegra 50 . 30 — 28 30 5.0 8.3 14.6 1.29 . 6.8 168 150 Allflex Holds 50 . 160 -8 166 168 10.0 3.1 6.3 1.24 15.6 46 28 Amuri 50 . . 35 — 33 — 5.0 7.1 7.1 .77 14.0 40 7 Angus 50 7 — 8 14 28.0 — — .91 ' .3 10 4 Anzon 50 4 -1 — 4 4.0 50.0 — — — 32 9 Apparel 100 . 16 — 13 — 5.0 31.2 — 1.38 — 180 80 Apple Fields 50 . 180 — 185 195 5.0 1.3 3.6 1.70 27.6 18 15 Arahi Props 50 15 — 13 18 4.0 13.3 98.6 .75 1.0 30 0.5 Ararimu 25 8 — 6 10 — — — — — 19 1 Argus Questar 50 .... 1 — 1 3 5.0 — — — •— 150 100 Arthur Barnett 50 ... . . 110 — 100 110 24.0 10.9 22.4 2.71 4.4 30 15 A. Barnett Props 50. . . . 15 —. 12 — 2.0 6.6 8.0 .59 12.5 60 50 Ascot 50 . 50 — 45 52 — — — — — 5 2 Australis 50 2 — 2 — — — 30.0 .50 3.3 31 10 Aw Investments 100. . . . 30 — 30 32 — — — .41 — 50 20 Baillie Mtrs 50 . 20 — 15 25 20.0 50.0 75.5 .99 1.3 102 75 Bancorp 50 . 92 — 8 85 14.0 7.6 32.6 1.29 3.0 114 75 Bank NZ 50 . 80 -2 80 81 6.0 3.7 — 1.47 — 130 92 Baycorp 25 . 99 — 99 100 40.0 10.1 18.7 .42 5.3 15 9 Bexley 100 9 — — 1 — — — — — 20 8 Blandford 50 . 15 — 15 16 — . — — .31 — 180 140 BNZ Finance 25 . 162 — 160 163 30.0 4.6 4.9 .93 20.2 20 1 Bowen 50 2 +1 2 — 15.0 — — .52 — 55 25 Bridgecorp 25 . 25 — — 20 — — — .05 — 181 130 Brierley 50 . 178 +1 178 179 20.0 5.6 9.7 1.30 10.2 75 45 Broadway 50 . 75 — 75 90 7.0 4.6 8.5 1.19 11.7 145 115 Canty Roll Flour 100. . . 120 +5 100 140 6.0 5.0 12.7 1.19 7.8 10 2 Capcorp 50 2 — — — — — — — — 152 104 Cap Markets 25 . 136 -4 136 138 50.0 9.1 19.7 .93 5.0 18 15 Caprana 50 . 15 — 2 — — — — — — 60 15 Carborundum 50 15 — 10 — 12.0 40.0 22.6 1.11 4.4 100 80 Cardrona 100 . . 85 — — — 12.0 14.1 46.5 1.50 2.1 252 100 Carr Bus 50 . 115 — 100 120 12.6 5.4 9.3 1.25 10.6 265 193 Carter Holt 50 . 242 -13 242 243 24.0 4.9 11.0 2.12 9.0 2 2 Cashcorp 50 2 — — 3 — — — — — 150 80 Cavalier 50 . 150 +3 150 152 11.0 3.6 6.6 1.26 15.0 159 118 Ceramco 50 . 156 -3 156 157 32.0 10.2 17.9 1.10 5.5 35 9 Ceres Pac 100 . 14 — 15 — — — — — — 10 5 Chambard 20 10 — — 2 — — 9.0 .39 11.1 112 , 3.5 Chase 20 4.5 +1 4 4 50.0 — — 1.89 .1 45 34 City Realties 50 . 37 +2 36 37 4.0 5.4 43.2 .75 2.3 10 8 Clearwood 50 . 10 — 2 12 — — — — — 170 135 Colonial Motor 50 ... . . 135 -5 135 145 22.0 8.1 12.5 1.44 7.9 38 1 Comm Securities 50. . . 1 — 2 15 6.0 — — 2.08 .1 0.5 0.5 Como 10 0.5 — — 0.5 — — — .10 — 40 20 Compass Duty 50 ... . . 20 — 1 10 — — — — — 15 15 Coronet 25 . 15 — — — — — 19.3 .40 5.1 40 25 Coronet F.E. 25 . 38 — 37 — — — — .45 — 200 157 Corp Inv 20 . 190 -5 188 193 40.0 4.2 14.5 1.17 6.8 245 200 Countrywide 50 . 238 -2 236 239 8.0 1.6 10.7 1.90 9.3 5 5 Crowe Corp 10 5 — —, 13 — — — .09 — 12 6 Cruise 50 6 — 6 — — — — — — 8 5 Cue Energy 25 6 — 5 6 8.0 33.3 43.3 .25 2.3 95 80 Damba 100 . 90 — — — — — — —■ — 111 100 Datamatic 50 . 105 — — 55 — — — — — 20 12 DeRedcliffe 50 15 +2 12 13 — . — — —- — 165 130 Donaghys 50 . 160 +2 158 163 23.0 7.1 7.0 •1.76 14.1 80 60 Dunbar Sloane 100 . . . . 80 — 80 82 — — — — — 35 20 East Equities 50 31 — 32 38 — — — .82 — 230 215 Ebos' 50 . 215 — 210 — 20.0 4.6 5.1 2.27 19.5 355 296 . Elders NZFP 50 . 317 -1 317 318 32.0 5.0 6.1 3.16 16.1 40 12 Empac Holds 50 16 — 16 20 19.0 59.3 118.1 2.17 .8 48 1 Environ 20 1 — 0.5 1 — — — — — 5 1 Enzedtech 50 (n) . . . . 1 — 1 3 — — — — — 290 210 Ernest Adams 25 . 290 +5 285 ' 295 26.0 2.2 7.7 1.28 12.8 33 28 Euro-Nat 25 31 +1 31 32 13.0 c 10.4 86.1 2.36 1.1 415 340 Europac 200 (n) . 340 — 300 370 — — — — — 18 5 Excell Corp 50 5 — 2 10 — — 48.0 .52 2.0 480 378 Fernz Corp 100 . 480 +5 480 482 18.0 3.7 4.3 2.49 22.8 13 42 Fin and Res 50 4 -8 4 54 — — — — — 320 270 Firestone NZ 100 . . . . . 275 -20 230 295 19.5 7.0 11.4 4.00 8.7 75 60 First City 100 60 — 60 65 10.0 16.6 27.6 1.24 3.6 419 340 Fisher Paykel 50 . 400 -3 400 402 32.0 4.0 5.9 2.21 16.8

1 1988/89 High Low Share, Par Last Sale Change Week Quotations Div. % Div. Yield Earn. Yield Asset Bkg P/E Ratio Buy Sell 540 446 Fletcher Chai 50 . 457 -15 456 457 50.0 5.4 12.9 3.19 7.6 81 81 Foveaux Radio 100 .. . . 81 — 120 170 — — — — — 6 3 Fullers 50 3 — 1 3 — — — — — 30 18 Further 25. . . . 24 — 24 — — — .4 .53 — 32 18 Gen Props 50 . 25 — 20 25 10.0 20.0 76.8 1.56 1.3 7 2 Genestock 50 8 — 6 9 — — — .24 — 24 8 Girvan 50 8 — 7 8 7.0 43.7 32.5 .35 3.0 8 2 Goldcorp 50 3 — 1 2 — — — — — 7 5 Gold Res 25 5 — • 4 5 — — 26.0 .26 3.8 322 243 Goodman 50 . 277 -9 276 278 19.5 3.5 8.0 1.13 12.4 33 .20 Grocorp 50 25 — 26 30 — — — .48 — 45 30 Hallenstein 25 40 — 40 45 14.0 8.7 15.2 .43 6.5 12 2 Hamelyn 20 6 -1 4 7 — — 30.0 .47 3.3 32 20 Harcourts 50 . 22 — 21 30 — — — .51 — 130 52 HB Trans Holds 100. . . . 68 — — — 20.0 29.4 63.2 3.68 1.5 47 30 Helicopter 40 42 — 42 — — — — — — 30 13 Heritage 50 13 — 13 ' — — — — .53 — 25 5 Holdcorp 50 5 -1 — 7 —- — — — — 40 15 Horner Greenlees 25 . . 15 — 1 5 6.0 10.0 17.3 .35 5.7 292 25 ICI NZ 50 . 286 — 286 288 32.0 5.5 1.3 2.70 71.5 450 360 Ind Newspapers 50 . . . . 442 — 442 442 25.0 2.8 5.9 3.34 16.8 290 195 IEP 100 . 290 . +6 292 294 20.0 6.8 3.6 1.36 27.3 2 0.5 Invest Fin 50 0.5 — 1 — 14.0 — — .94 — 72 50 Jarden 1 53 — 53 55 500.0 9.4 15.8 .84 6.3 320 295 Jarden Euro 200 (n) . . . 295 -25 295 300 — — — — — 50 30 Kale Cap 100 . 30 — 30 .32 — — — — — 100 100 Kearns 100 . 100 — ‘ — 50 10.0 10.0 11.8 1.66 8.4 35 22 Kenwood 25 . 33 — 25 33 6.0 4.5 7.8 .73 12.6 30 20 Kingsgate 50 . 20 — 20 22 — — — .87 — 30 30 Kiwi Gold 25 . 30 —- 2 6 — • — .29 — 15 3 Kiwi Oil 25 3 — 5 8 — •• — — — — 25 16 Kupe 50 . 17 -1 17 18 — — — .74 — 6 6 Lakeland 50 6 — — — 4.0 33.3 — — — 14 6 Landmark 25 ...... . 6 — 5 6 10.0 41.6 — .60 — 177 106 LWR Inds 25 . 176 — 176 177 40.0 5.6 2.7 1.81 36.6 28 13 Lasercorp 50 . 15 — 15 20 2.5 8.3 18.6 .51 5.3 40 40 Laurenson 50 40 — — , — — — — 1.02 — 24 15 Lectrica 50 . 18 — 16 17 3.0 8.3 — .51 — 6 2 Leisure Lea 10 2 — 0.5 2 — — — .15 — 0.5 0.5 Leverage 50 0.5 — — — — — — .24 — 9 4 Leyland 50 5 — 3 6 20.0 — 30.0 .45 3.3 70 45 L M Min 50 . 47 — 47 50 16.0 17.0 13.4 .89 7.4 348 258 Lion Nathan 25 . 348 +2 347 350 48.0 3.4 8.5 1.89 11.7 14 6 London Pac 10 . 13 — 13 14 20.0 15.3 39.2 .28 2.5 20 3 Madison 20 3 — 5 — ' — — — — — 442 285 Magnum 50 . 310 — 310 312 33.0 5.3 8.3 4.08 12.0 1 1 Mainstay Props 50. . . . 1 — — — 6.0 — — .64 — 49 30 Mainzeal Group 50 . . . . 37 -2 37 39 16.0 21.6 . — .85 — 91 70 Mainzeal Prop 100. .. . . 90 -1 90 91 3.0 3.3 5.2 1.38 19.1 255 180 Mair 50 . 205 — — 210 30.0 7.3 12.0 2.17 8.2 13 5 Max Res 25 5 — 2 5 — — — — — 15 8 Maxwell 50 . 15 — 5 — — — — — . — 35 13 Mayfair 100 15 — — 18 5.0 33.3 20.6 1.36 4.8 45 10 McConnell 50 (p) . . . . . 30 — 25 30 9.0 15.0 — .72 — 8 2 Merchant Capital 50. . 2 — 2 3 — — — .79 .2 100 75 Michael Hill 20 . .77 — 80 86 8.5 2.2 5.7 .37 17.5 275 180 Milburn 100 . 250 -10 250 260 15.0 6.0 9.9 3.63 10.0 65 49 Min Resces 20 . 53 -2 53 54 — — — .30 — 1 1 ' Mirage 25 1 — — 0.5 — — — — — 15 9 Motor Holds 50 15 — 15 20 — —- — .66 —- 260 135 Mt Cook Group 100. . . 260 — 260 265 18.0 6.9 12.8 3.69 7.8 55 25 Mut. Pac 50 50 — 50 65 10.0 10.0 18.2 .55 5.4 159 115 Newmans 50 . 153 -3 153 155 23.0 7.5 10.2 1.47 9.7 55 20 NZ Equities 50 . 33 4-1 32 35 28.0 42.4 142.4 .68 .7 20 10 NZ Gold Fields 20. . . . . 10 — 20 30 — — 7.0 1.02 14.2 62 42 NZI Corp 50 . 62 — 62 63 10.0 8.0 — .54 — 110 92 NZ Leathers 50 . 92 — 95 — 15.0 8.1 9.4 1.42 10.5 94 68 NZ Oil, Gas 50 71 -1 71 74 — — 23.0 .62 4.3 140 65 NZ Petroleum 25 . . . . 140 — 140 150 — — — .54 — 415 295 NZ Refining 100 . 350 — 340 360 21.0 6.0 11.9 4.39 8.3 39 25 NZ Salmon 25 . 37 — 37 40 — — —- 1.40 — 95 60 NZ Skifields 100 . 95 — 70 80 2.0 2.1 2.8 1.22 35.1 90 90 Normedia 50 . 90 — 20 70 — — 1.1 .42 90.0 300 250 Nuhaka 100 . 280 — 280 320 — — — 5.51 — 52 50 Opio Forestry 100. .. . . 50 — 40 70 — — — 1.08 — 15 7 Otago PP 100 15 — 2 10 — — — — — 67 52 Owens Group 10 . 62 +1 61 62 90.0 14.5 17.9 1.40 5.5 48 4 Pacer Kerridge 50 . . 5 -1 5 6 40.0 — — .96 .4 90 62 Pac Assets 100 (p) . . . 79 +1 77 80 — — — —

1988/89 High Low Share, Par Last Sale Change Week Quotations Div. % Div. Yield Earn. Yield Asset Bkg P/E Ratio Buy Sell 25 25 Pac Sun 50 (n) . 25 — — — — — — — — 23 10 Paladin 50 15 — 15 22 — — — .29 —■ 5 1 Pan Austral 50 2 0.5 2 4.0 — 190.0 .52 .5 10 0.5 Panz 50 1 — — — ■ — — — — — 50 30 Paynter 50 . 30 — 28 — 16.0 26.6 171.3 1.51 .5 170 135 PDL Holds 25 . 150 — 150 153 — — 7.8 2.66 12.8 6 3 Perry Dines 53 4 — 3 • 4 — — — — 30 30 Pharmol 50 . 30 — •— — — — — — —- 16 4 Platinum 50 5 — 3 5 — — .35 — 3 2 Premier 5 2 — 1 2 — —- — .05 — 30 10 Primacq 20 . 15 — 13 — 25.0 33.3 — 2.45 .4 0.5 0.5 Prime West 5 0.5 — 0.5 1 — — 20.0 .08 5.0 3 0.5 Prodigal 5 3 +1 3 4 — — — — — 5 5 Producorp 50 5 — ■ — —- — — — —• — 260 200 Radio Otago 25 ... . . 200 — 200 225 40.0 5.0 25.2 1.28 3.9 125 90 Radio Pacific 25... . 90 — 55 80 41.0 11.3 20.0 .50 5.0 75 30 Rank Group 100 . . . . 75 — 70 — • — — — — — 78 40 Regal Salmon 25. . . . . 73 72 75 — — 22.4 1.48 4.4 80 45 Reid Farmers 25. . . . . 80 — 85 85 30.0 9.3 6.0 .38 16.6 20 4 Renouf Corp 50 .... 4 — 4 4 — — 5.0 .35 20.0 43 18 Renouf Prop 50 ... . 22 — 23 30 — — 54.0 .62 1.8 20 10 Restech 50 11 — — 13 — — 3.6 .58 27.5 126 110 Revertex 50 . 126 — 126 135 15.0 5.9 15.3 1.73 6.4 14 1 Richmond Smart 50. . 2 — — 2 16.0 b — — 1.68 — 116 88 R Jones 10 97 -2 97 98 50.0 5.1 28.7 1.05 3.4 75 75 R W Saunders 50 . . . 75 • — 2 11 20.0 13.3 40.4 2.90 2.4 100 63 Salmond Biolab 50 . . . 92 +2 90 930 20.0 10.8 15.0 1.50 6.6 175 130 Sanford 50 . 160 — 150 165 20.0 6.2 10.9 .60 9.1 10 5 Scenic Circle 25 ... . 6 — 6 9 — — — .20 — 63 46 Smiths City Grp 20 . . 55 — 55 57 12.5 4.5 — .79 — 20 10 Somex 50 16 — — 15 — — 4.3 — 22.8 60 36 Sthn Petroleum 45. . . 40 -10 40 42 — — — .29 — 37 20 Spectrum 25 . 22 -2 20 24 — — 2.2 .32 44.0 15 7 Stars Corp 50 7 — 3 8 — — — — — 160 120 Steel Tube 50 . 147 +2 147 152 — — — 1.93 — 45 27 Stevens 100 27 -6 25 30 11.0 40.7 98.5 1.54 1.0 20 10 Strada Ent 100 . 20 — 20 35 — — — — — 12 3 Stratcap 50 12 — 12 15 20.0 83.3 12.5 .01 8.0 9 3 Strathmore 40 4 — 3 — — — — .05 — 10 2 Striker Group 25. . . . 2 — ' 1 2 — — 145.0 —- .6 7 5 Summit 25 7 — 2 3 — — — — — 51 27 Tag 50 . 33 — 30 — 14.0 21.2 126.3 2.23 .7 16 — Tag Proplink 40 ... . 16 — 12 16 7.5 18.7 171.2 1.08 .5 210 200 Taylors 50 . 190 — 170 — 27.0 7.1 23.4 . 2.65 4.2 3 0.5 Technicorp 25 0.5 — — — 14.0 — — .55 — 25 6 Terrace 50 10 — 6 — —- — — .50 — 63 30 Theseus Inv 50 . 35 — 34 40 — — — .59 — 338 273 Tozer KM - . 355 +17 355 360 — — — — — 240 160 Transmark 50 . 160 — 170 200 26.0 8.1 10.3 2.05 9.6 35 20 Tranzequity 50 . 20 — 25 45 6.0 15.0 33.5 .49 2.9 3 0.5 Triumph 4 0.5 ■— 1 1 — — — — — 10 • 5 Tulwest 10. ...... . 5 — 6 7 — — — .18 — 220 170 UBix Copiers 2 ... . . 180 — 180 185 120.0 1.3 35.9 .91 2.7 93 70 Utd Resources 50 . . . 71 — 70 71 — — — .84 — 7 2 Venturecorp 50 2 -3 1 3 4.0 - — — — — 17 12 Vent. Pacific 50 ... . 13 — 15 20 — — — .58 — 13 4 Waikato Stud 25 ... . 13 — 11 — — — 22.3 .57 4.4 48 12 Waitaki Int 50 48 — — — — — — 1.01 — 220 170 Waste Mngt 50 . 220 — 210 230 16.0 3.6 7.0 1.75 14.1 41 25 Wellesley 50 . 26 — 25 26 8.0 15.3 — .78 — 75 17 Wilkins Davies 50 . . . 30 — 25 35 28.0 46.6 — 4.06 .4 710 555 Wilson Horton 100. . . . 705 +5 700 705 18.0 2.5 5.7 2.47 17.5 81 60 Wilson Neill 10. 1 . . . 61 -4 61 62 60.0 9.8 18.0 .48 5.5 40 18 Woodcorp 100 . 26 — 21 20 4.0 15.3 136.9 1.43 .7 22 5 Woodstock 50 10 — — — — — — .35 — 80 75 XS Corp 100 . 75 - . 5 - 17.5 23.3 31.7 .93 3.1