Mercantile Credits plans one for five premium issue
Mercantile Credits Ltd schedules a one for five premium issue to raise about 5.376 million dollars in 1972 73, aiming to lift ordinary shares to 376000 and boost capital. The group reports consolidated profit after tax of 3 19 916 dollars and 1550 000 surplus from investment disposal, with annual dividend at 18 percent and earnings cover over twice. Tangible assets rise to 244 million, borrowings to 284 million and shareholders funds to 296 million.
MENTIONED IN THIS ARTICLE
Mercantile Credits Ltd
Dis Po
Mercantile
Publi
Minorit
ACI
St. Regis-Aci Pty. Ltd
St. Regis-Aci Group
LNC bids to take control of Larke in proposed swap offer
LNC launches a hostile style bid for Larke offering two LNC shares for three Larke shares plus cash for each Larke share. The offer values Larke around $2.03 per share after ex bonus adjustments, higher than Hooper Bailie’s $1.90 offer. Larke defenses include a holding company plan with a one for one share exchange plus 65c cash, but court restraints remain pending judgment.
MENTIONED IN THIS ARTICLE
LNC
Larke
Hooper Bailie Industries Ltd
Hooper
RJ. Constable
Hooper Bailie
Gas strike at Barrow Island well shocks WA energy sector
WAPET reports a major natural gas discovery at Barrow Island deep test well. Tests yielded flows up to 22 million cu ft daily with condensate and water byproducts, from a perforated interval. The pay zone lies about 50 ft below the deepest current producing level, with testing ongoing and potential for substantial output.
MENTIONED IN THIS ARTICLE
West Australian Petroleum Pty Ltd
Barrow Island
Waper
Wapet
Burrow Island
Ancel
Wapel
Barrow
Sydney Stock Exchange sees July capitalisation rise five percent
Mr D M Butcher, general manager of the Sydney Stock Exchange, reported total market capitalisation of listed equity stocks at the end of July increased 5.1 percent to S20,520,860,000 from the prior month’s S20,450,804,000. The 200 stocks in the All Ordinaries Index totalled S14,936,382,000.
MENTIONED IN THIS ARTICLE
D. M. Butcher
Sydney Stock Exchange
Dennys Lascelles Ltd lifts dividend after profits surge
Dennys Lascelles Ltd Geelonz wool broker reports profit more than doubles to 708 454 for year to June after tax 690 464 and depreciation 131 671. Dividend increases include final 12 percent and interim 34 percent with plans to split 2 shares into 1 unit and issue a 1 for 3 bonus. Dividend payable October 3 with books and bonus close September 14.
MENTIONED IN THIS ARTICLE
Dennys Lascelles Ltd
Geelonz
Bennys
Chrysler executive pins new silent partner on government
Paul Moore, Chrysler Australia managing director, told the American Chamber of Commerce that the Labor Government acts as a new silent partner in business. He criticized a 25 percent import duty cut as harmful and questioned the Prices Justification Tribunal, warning it could destabilize investment and employment while favoring in‑camera hearings.
MENTIONED IN THIS ARTICLE
Mir Paul Moore
Chrysler Australia
Australia
American Chamber of Commerce
Moore
Industy
Sture
Chrysler
Blic
Dampening Effect of Tariff Cuts Highlighted by ACT Leader
Sir James Forrest of Australian Consolidated Industries criticised the 25 percent tariff cut at the ACT annual meeting in Melbourne. He warned the move would dampen business confidence and affect investment decisions, noting some customers would be hurt though ACT’s quarterly profit rose and the group anticipated a stronger full year.
MENTIONED IN THIS ARTICLE
Australian Consolidated Industries Limited
Ofice
Bourke Street
Melbourne
Victoria
James Forrest
Australian Consolidated Industries Ltd
James
ACT
Wage Camera
Sir James
Japan Shows Interest in New South Wales Coal Mines
The Joint Coal Board told the Senate Foreign Ownership and Control Committee that Japanese firms expressed interest in equity in several NSW coal mines. It warned that such ownership could expose operating costs and undermine local producers while noting Japan’s strong coal demand and suggested a national coordinating body to manage coal sales.
MENTIONED IN THIS ARTICLE
Joint Coal Board
Senate Select Committee On Foreign
Nsw
Canberra
Japan
Mitsui and Company
Anthony (Urard
Queensland
Taylor Woodrow sells 49.4 percent Watts stake to Australian buyers
Interest sold Taylor Woodrow Ltd of Britain has sold its 49.4% shareholding in E. A. Watts Holdings Ltd back to Australian investors. Watts, a leading construction and property development group, gains 1% and becomes wholly Australian owned. A Taylor Woodrow spokesman in Perth cited government hostility to foreign ownership as a factor. The 1,942,017 shares were placed with institutional and private clients of Ian Potter and Co in Melbourne.
MENTIONED IN THIS ARTICLE
Taylor Woodrow Ltd
Britain
E. A. Watts Holdings Ltd
Watts
Australia
Taylor Woodrow
Perth
Om of
Melbourne
Ian Potter and Co
Also Mentioned on This Page
Merc
Fight
BD L Donaldson
Ectigl
Larke Pas
Donaldson
London
Wapet Success
Island
Shell
California
Asiaitic Oil
Ampol Petroleum
Dennys L
New Zealand
Fiji
Malaysia
Singapore
Thailand
Papua New Guinea
Indonesia
Crown Coring Limited
Crown Crystal Glass
Caming Glass Works
U.S.A
Crown Corning Limited
Aci-Nylex Pty. Ltd
Nylex Corporation
Repulta
Alex Harvey Industries Limited
Malayan Containers Berhad
Papua
Ranger Consolidated Industries Commer
Sharea
Osiwa Can Company Limited
Tokyo
Planta
Syd
Min Gy ci Agen Aoe
A. Ictep Be Srg Industries Limited
Apri
Setenaits
Yrior Pal
Midi Manga
Tome
Iron Box
Dimrentine
Reckom
Fendr
Nore
Cra
Wit Coneleraba Dares
Ee Ca Boas Eam
Dou Prowen
Aio
Ichrysler Head
Mr Moore
N.S.W
Girard
Momma Naa Wee Dam
Gold Coast
Magleay Islam
Russel Island
Tweed Valley Pastoral CO
Feone
By Taa
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