Australia Bulls force the pace

Press, 8 February 1986, Page 25

Australia Bulls force the pace

NZPA Sydney Australian sharemarkets continued their bullish recovery yesterday to close firmer, pushed up by Wall Street and stronger world gold prices, dealers said. At the close the all ordinaries index gained 2.9 points to 1069.8, the all resources index 2.4 to 646.3, the all industrials index 3.6 to 1621.9. The gold index finned 2.7 to 943.9. Turnover was 50.09 M shares worth 585.79 M, with rises outnumbering falls by 251 to 170. BHP traded quietly and closed 2c down at 718, while Robert Holmes a Court’s Bell Resources added 20c to 510 and the parent company, Bell Group, gained 4c to 698. News Corporation and Rothmans Holdings provided the highlights of the day, with News Corporation reaching a

high .of 1275 before closing steady at 1250. Rothmans closed 50c up at 700 on news of a good profit result. CSR gained 3c to 348, Peko and CRA both added 6c to 524 and 566 respectively and MIM 4c to 292. In the mining sector, Kidston fell 6c to 590, Niugini Mining lost 2c to 193 and Poseidon fell 5c to 275. Metana Minerals firmed 5c to 275, Placer 70c to 2470, Renlson 4c to 534, Southern Resources 10c to 150 and Consolidated Rutile 10c to 830. Santos fell 8c to 496. On industrial boards, ACI Increased 6c to 322, ANI 2c to 322, Adsteam 5c to 1210, AWA 10c to 590, Bond Corp 4c to 225, Fairfax 10c to 750 and Herald and Weekly Times 2c to 564. Losers on industrials included FAI and Elders-IXL, both down 10c to 750 and 340 respectively, ICI was down 7c to 223 and Coles 4c to 458.

Closing quotes Dividends P/E Year’s Buy Sell Sale Cents Yld% ratio high low 320 323 322 ACI 17.00 5.28 14.4 323 280 255 260 255 AGC 11.00 4.31 8.1 260 245 180 190 — AMITyota 7.00 3.68 3.2 200 180 320 —- 322 ANI 19.20 5.96 10.3 322 285 465 468 465 ANZ 31.00 6.67 4.9 472 442 328 330 330 APM 19.00 5.76 10.3 335 289 586 590 590 AWA 20.00 3.39 20.3 590 550 1205 1210 1210 AdelStm 30.00 2.48 14.3 1220 980 232 —— — Ad’tiser 11.00 4.74 11.0 232 200 330 335 330 AlliedMl 12.50 3.79 19.1 345 310 44 45 45 Alpha — — — 47 32 644 648 644 Amatil 25.00 3.88 9.5 654 586 248 250 250 Ampol 7.50 3.00 9.6 255 235 216 217 217 Ariadne 5.50 2.53 24.4 220 200 212 215 215 Ariadne W —— — 215 198 335 340 Arnotts 14.50 4.26 13.6 360 305 212 220 — AFound 9.75 4.53 20.7 220 210 718 720 718 BHP 35.00 4.87 11.8 922 712 716 718 720 BHP bnsdl — — 738 716 698 700 700 BellG 10.00 1.43 16.9 760 680 227 229 229 BondCorp 10.00 4.37 13.6 230 178 350 352 350 Boral 15.00 4.29 10.2 367 322 228 230 — BorgW 16.00 6.96 6.0 230 215 480 495 490 Brambles 18.00 3.67 12.2 490 435 550 560 556 Brierley 8.80 1.58 19.2 680 510 536 __ — Brlerl b — — —— 540 520 240 244 240 Bundaberg 2.50 1.04 40.9 275 210 540 554 554 BurnsP 19.00 3.43 10.4 560 510 300 — 300 CIG 14.50 4.83 11.3 310 275 345 348 348 CSR 18.00 5.17 13.5 380 338 440 — 440 ChaseCrp — —• — 445 400 465 475 470 CoalAll 7.00 1.49 26.1 522 470 455 460 458 Coles 21.00 4.59 10.1 466 425 185 187 187 Comalco — — 45.6 210 182 215 217 — Costain 10.00 4.61 11.5 229 200 340 345 340 Elders 20.00 5.88 10.1 360 300 190 195 190 Elder opt — —— — 190 130 180 186 186 Email 11.50 6.18 9.2 188 170 175 178 178 Equitcorp — —— — 195 160 670 672 672 FAI 4.20 .63 22.8 700 470 748 760 750 FairfaxJ 13.50 1.80 15.7 750 670 220 230 — FeltexNZ 8.75 3.89 8.6 225 220 262 265 262 Fielder 9.00 3.44 16.7 275 230 255 __ 255 Fletcher 16.10 6.31 6.3 260 225 83 85 — Fortuna 7.56 9.11 4.6 90 80 222 225 222 GPT 21.20 9.55 10.5 232 214 218 220 220 GPT nts 19.36 8.80 — 220 210 240 — — GUD 10.00 4.17 11.4 235 235 320 —— 320 GGotch 15.00 4.69 11.9 320 300 90 92 90 Hanimex — 10.6 98 85 340 350 — HardieJ 22.00 6.29 11.1 365 315 560 566 564 Herald 18.75 3.32 18.2 564 500 179 180 180 Hooker 11.00 6.11 8.4 190 178 186 188 188 Humes 12.50 6.65 9.1 195 172 220 225 223 ICI 16.00 7.17 9.4 240 220 85 90 — IEL Grwth 5.27 6.20 16.1 100 85 80 — IEL Incme 10.54 2.40 8.1 85 80 56 59 58 Imagin T — — —• 58 43 105 108 106 Impala — — — 120 103 750 —- 750 Ind Equit 10.00 1.33 28.2 750 620 30 31 30 Intr Tech 2.75 9.17 10.3 31 27 220 225 220 Jennings 10.00 4.55 10.7 230 200 560 570 — Johns Pry 24.00 4.21 10.5 570 526 1225 1250 1230 Jones Dav 30.00 2.44 12.7 1260 1040 830 900 — Jonray — — — 860 780 218 220 215 Kern 5.00 2.29 21.8 225 205 ■ > 210 — Kern pref 1.07 .51 —— ■' ■ " — 078 080 080 Leighton 12.00 5.00 5.8 90 79 664 670 664 LLease 30.00 4.52 11.6 690 578 2850 — — MLC 75.00 2.63 26.7 2700 2700 370 — 370 Mayne N 15.50 4.19 11.2 372 330 — 230 230 McPhrsn 11.50 5.00 10.8 240 205 214 — 215 Monler 11.00 5.12 9.2 215 198 1100 1160 — Morris P 37.50 3.29 9.8 1150 1100

Closing quotes Dividends Cents Yld% P/E ratio Year’s Buy Sell Sale high low 175 180 175 NZ For 10.15 5.80 7.9 185 155 120 125 122 NZI Corp 5.95 4.88 9.5 142 118 — 100 — NZ! C ■ — — 100 100 475 480 475 Nat Aust 27.50 5.79 5.4 485 442 270 270 Nat Cons 13.00 4.81 9.4 275 218 1250 1255 1250 News Corp 9.00 .72 16.7 1275 900 292 — — Nicholas 10.00 3.42 14.0 295 240 315 320 317 OPSM 12.00 3.79 16.8 330 295 115 117 116 Oakbridge — — —— 130 115 75 80 — Olims 5.00 6.'67 8.3 80 75 282 283 282 Pac Dunlp 11.50 4.08 10.5 284 250 230 —* 230 Peters SI 13.00 5.65 9.1 230 175 270 271 270 Pioneer C 12.50 4.63 10.2 278 260 170 172 170 Pioneer S 6.00 3.53 23.3 175 145 720 736 730 QBE 20.00 2.74 11.3 750 610 390 — 390 Reckitt 19.00 4.87 10.0 395 350 157 157 Repco 10.00 6.37 16.5 157 150 200 210 205 Rob Jones 4.30 2.10 14.5 220 185 700 — 700 Rothmans 23.50 3.36 8.0 700 610 500 502 500 Smith H 22.50 4.50 19.9 520 450 168 170 170 Stockland 14.80 8.71 11.5 171 162 230 232 230 Sunshine 5.00 2.17 25.8 240 212 289 290 289 TNT 12.00 4.15 11.1 303 248 215 218 220 Taubmans 11.00 5.05 8.4 220 190 610 620 620 Tooth 35.00 5.65 13.3 620 530 395 — 400 Union C 18.00 4.50 13.5 400 340 210 220 210 Vapocure 1.87 .89 33.1 270 210 98 — 98 Vestcorp 2.50 2.55 12.9 100 90 35 36 36 Walton —— — — 42 35 235 — Wattle 12.60 5.25 8.7 260 240 130 140 135 Waugh Jos 8.00 5.93 9.0 143 130 1430 1450 1430 Wfieid Hl 15.00 1.05 36.2 1440 1140 451 453 452 Westpac 27.00 5.97 6.2 468 450 550 570 — White Ind 10.00 1.75 30.5 600 495 358 — 360 Woolworth 16.00 4.44 11.6 360 335 340 350 — Wormaid 20.00 5.71 9.9 370 345 850 870 860 Aberfoyle — — 30.0 950 830 — 19 — Allstate —- — — 20 18 131 132 131 Ashton — —- 26.7 132 114 —— 17 — Aust Devi 17 14 506 512 510 Bell Res 30.00 5.88 8.7 660 480 217 218 217 Bouganvle 5.00 2.30 57.9 243 190 660 670 670 CN Gold 35.00 5.22 13.8 790 620 564 566 566 CRA 10.00 1.77 94.3 598 546 — 170 165 Carr Boyd «— — — 178 150 300 — 320 CM! 18.00 5.63 6.9 330 300 6 7 7 Cons Res —- — 7 5 800 830 830 Cons Rtie 34.00 4.10 15.1 860 800 350 370 — Cudgen 12.00 3.43 14.6 370 265 181 183 182 ERA 10.00 5.49 13.2 183 161 335 340 335 Emperor 4.00 1.19 —— 395 310 860 870 870 GM Kalg 50.00 5.75 16.1 970 800 28 29 29 Hill SO — — — 34 26 584 590 590 Kidston — —— — 660 490 290 293 292 MIM 3.00 1.03 81.1 316 268 36 __ 37 Metals Ex ■" I — 74.0 45 36 24 25 — Mid E M — — — 28 24 193 195 193 Niugini — • — 47.4 232 190 265 267 266 North BH 6.00 2.26 38.6 285 230 310 —— 315 Nth FIndr — — 350 290 190 198 190 Pancont —- 43.3 205 170 102 105 105 Paringa —— — 65.6 110 100 — Par. op — — — 4 4 520 524 524 Peko 10.00 1.91 14.8 570 490 2460 2500 2470 Placer —— — 2600 2400 275 280 275 Poseidon 10.00 3.64 13.8 320 260 154 155 155 Qld Coal 20.60 3.29 7.5 158 144 532 534 RGC 10.00 1.87 34.5 580 495 255 260 255 Southland — — — 265 240 18 19 — Sthn Pac — — 19 17 340 342 340 WMC 6.00 1.76 30.6 385 318 160 165 168 West Sand 8.00 4.85 16.5 169 148 235 238 235 Whim Crk 10.00 4.26 — 280 225 162 165 162 AOG — — — 175 145 185 195 190 Ampol E — — 7.0 265 190 66 67 66 Beach — —— —— 80 65 198 205 200 Bridge 3.00 1.50 16.9 222 200 105 108 105 Claremont 5.00 4.76 4.8 125 103 170 175 170 Crusader 2.50 1.47 10.0 195 160 183 185 Hartogen 7.00 3.78 9.3 210 175 185 200 190 Magellan — — — 250 190 6 7 7 Magnet — — —— 11 7 10 11 11 Offshore —— — — 14 10 34 35 34 Oil Search — — —— 40 33 18 19 19 Pancont P — — —— 24 18 64 65 65 Peko Oil —— —— • UllUB 80 62 490 496 496 Santos 18.00 3.63 11.4 556 496 250 255 Vamgas 8.00 3.14 12.1 320 250 840 900 — Weeks Pet — — 14.5 860 670 113 115 112 Woodside — —- 73.8 120 110