Melbourne stock rules block re listing Equity Trustees execs
The Melbourne Stock Exchange stated it would not bend its listing rules to re list Equity Trustees Executives and Agency Co Ltd after a circular to shareholders explained share suspensions and urged support for the board at the September meeting. The piece notes a potential clash between section B of the ASSE listing rules and the Trustee Companies Act over articles of association and share transfer restrictions.
MENTIONED IN THIS ARTICLE
Melbourne
Exchan
Ro Stock Exchange
Equity Fois
Equity
AASE
Trustee Companies
Cam Fene
Trade balance reports show China surplus in past financial year
Fragmented note reports a rising unfavourable trade balance for the two countries with China. It cites a sizeable Chinese export figure and mentions a numerical value standing at about four billion. The text is garbled but implies ongoing financial concerns in bilateral trade.
MENTIONED IN THIS ARTICLE
Anuatralun
China
Chine
Eepcarns
Waltons Increases Dividend Despite Higher Costs and Tax Provision
Waltons Ltd lifts its ordinary dividend from 14% to 15% for 1971-72 despite reinvestment costs and a larger tax provision tied to the Anthony Hordern takeover. Pre tax profit rises 14.8% to 9,864,770, but net profit falls as tax provision grows to 3,941,250. Depreciation increases, capital gains from property sale reach 82.04 million, and freehold assets are revalued up 89.53 million. Retail sales rise 11.7% with record cross-state results. earnings rate slides from 35.4% to 29.55% amid McDowells integration.
MENTIONED IN THIS ARTICLE
McDowells
Waltons Ltd
Grace Bros Holdings Ltd
David Jones Ltd
Fncb-Waltons Corporation [Ltd
Waltons
Anthony Hordern
SEKAI
Pursell
Walton Sees McDowells Reshape Group Retail Reach
Sir John Walton, approaching retirement as chair and managing director, notes major reorganisations tied to the McDowells acquisition hit second half profits. Costs from converting stores, reallocating departments, merging lines, new systems, and customer account integration are charged against the year. Walton predicts McDowells stores will contribute to group results as the Walton network grows beyond ninety outlets.
MENTIONED IN THIS ARTICLE
John Walton
McDowells
Nsw
John
Waltons
Weakness in wool sales across Adelaide and Brisbane markets
In Adelaide the trade purchased 88 percent of 19 396 bales with 3 8 percent and 85 percent passed in under reserve prices. Last week the 1972 73 season opened and nearly all bales offered were cleared. In Brisbane 19 35 percent of bales were on show with 3 percent bought and the rest taken by the trade.
MENTIONED IN THIS ARTICLE
Adelaide
Australian Wool Commission
Brisbane
Forgery warning hits Associated Australian Oilfields scrip
Melbourne stock exchange spokesman confirmed that member firms were warned that some fully paid Associated Australian Oilfields NL shares were forged. The notice underscores concerns about counterfeit scrip circulating among investors and prompts caution for traders handling AOILNL securities.
MENTIONED IN THIS ARTICLE
Melbourne
Ex- Change
Australian Oilfields NL
Inchcape uses Timber Investments as reverse takeover vehicle
Timber Investments Ltd, a small listed Sydney firm, has made a reverse takeover bid valued at 3.29 million dollars for Millars Australia Pty Ltd, an unlisted company with extensive timber and building interests in Western Australia. Millars is a wholly owned unit of Inchcape WAL Pty Ltd, itself a subsidiary of the Inchcape Group, which held 69 percent of Timber Investments since September.
MENTIONED IN THIS ARTICLE
Sydney
Incecape Group
Australia
Timber Investmenta Ltd
Millars Australia Pty Ltd
Western Australia
Millars
Inchcape Wal Pty Ltd
Inchcape Group
Timber Investments
Leviathan share hearing opens as court probes Walshs deal
In Melbourne the Crown challenges Walshs Industries Ltd takeover of Leviathan Ltd amid a claim no evidence existed of engineered share sales. A July buy of 240,881 Leviathan shares at about 2.14 to 2.23 dollars was routed through brokers under an escalator clause, while the court adjourned to allow notices and ads. A separate stat brief notes July motor vehicle registrations in Australia showing a drop from the prior month.
MENTIONED IN THIS ARTICLE
Peter Brusey
Melbourne
Walshs Industries Ltd
Leviathan Ltd
Leviathan
Arnsey
Justice Kase
Chambers
Walshs
Neil Forsyth
Kaye
Attorney-General
Savings bank deposits rise to 8 541 million in July
Savings bank deposits grew strongly in July reaching a peak of 8 541 million dollars by month end. The month saw a 149 million rise, double the July 1971 gain, with June’s 199 million increase the largest on record due to second interest payments and expected higher income tax refunds.
MENTIONED IN THIS ARTICLE
Statistics Bureau
R. B Cameron
Australin Bankers Association Research Directorate
Petersville Australia posts record 1971 72 profit rise
Petersville Australia lid, dairy and food producer, reports a strong second half lifting profit to a record 2,072,992 for 1971 72. Tax absorption due to investment allowance suspension cut earnings through December 310, 22.3 percent, while sales rose 5.1 percent amid improving demand. final dividend 4 percent to be paid October 7 after omitting an interim dividend.
MENTIONED IN THIS ARTICLE
Melbourne
Petersville
Australia
Lid
Braemar Industries doubles dividend after profit surge
Braemar Industries Ltd has doubled its annual dividend from 4 percent to an unspecified higher rate with a final payment of se following a jump in consolidated net profit to 708,000 in the year to June 30. After tax profit rose to 272,000 and depreciation to 149,000 after 150,000 and other figures.
MENTIONED IN THIS ARTICLE
Braemar Industries Ltd
NBHC Holdings Reports $3.8 Million Six Month Profit
NBHC Holdings Ltd and associates earned a net profit of 3.802 million in the six months to June 30. The group formed to take over lead and zinc interests of New Broken Hill and CRA will pay a 4 percent interim dividend. Parent company net profit was 1.005 million. Consolidated equity net income reached 4.722 million with a 2.007 million beneficial interest. Earnings rose on higher zinc sales volume and stronger lead and zinc prices. Capital Mines Pty Ltd results reflect Bougainville Mining Ltd and Ville Copper Pty Ltd consolidations with Bougainville earning 6.593 million and the home company 1.857 million.
MENTIONED IN THIS ARTICLE
Nbhc Holdings Ltd
New Broken Hill
CRA
Nies
Capital Mines Pty Ltd
Bougainville Mining Ltd
Also Mentioned on This Page
Eee
Ion, Sectiom Fast
John Sweeney
Sweeney
Associ Blag
Rogers
Civic Centre
Dad
Remington Lektre
Buco Ea
Remington
Gie
Sir John Walton
Inchcape
London
Landen
Boulsone
GMEK
Hamersley i
Tas Metals Fy
Power of Court
Lesbo FE
Ater Fae Dem
Liza NT
Ibn Ugh
Braemar
Sallon
HA Bock
Buatralla
Lonsdale ST. Braddon
Roger A
Cirepjaad Sidghrome
A.F.K
Holden
Valiant
Ford
Nbhc Holdings
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