1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144 
Wheatley (Trailers) beat forecast
Page 67
If you've noticed an error in this article please click here to report it so we can fix it.
TFIERE was good news for the shareholders of F. W. WHEATLEY
(TRAILERS). For the year that ended on October 31 the directors recommend a dividend of 25% (which is payable on a capital made larger by the acquisition of Barrett Packaging). This compares with the board's forecast of at least a maintained 20%. The payment will be made out of substantially increased earnings.
Group trading profit for the year amounted to £58,905 compared with £41,701 in respect of the same period a year ago. The statement points out that these profits include a seven months' contribution from Barrett Packaging and its subsidiary companies, although a full dividend is paid on the acquisition shares.
The cover for the dividend paid in respect of the 1965/6 trading period will, it is added, be greater when a full year's profits from Barrett Packaging is included in the parent's total.
These 1s. Ordinary shares are currently quoted on the Birmingham Stock Exchange at around 3s. 31d. At this level they yield approximately 74-% based on the latest dividend. Despite the few pence rise in price that took place immediately following the results they still look reasonable value for the patient investor.
Although pestered„ like all companies, by rising costs the directors of AVON RUBBER are confident, provided market conditions do not deteriorate from the current level, of "satisfactory results" in respect of the present year. During the opening months of the year there were "good sales and a profit substantially in excess of the corresponding period last year", states Mr. C. M. Floyd. The news comes in his latest annual review sent to shareholders.
There is pressure to meet demands from the home trade. But despite this Mr. Floyd states that efforts also will be made to expand exports—not only tyres. but also in a wide range of industrial rubber products. These shares have changed hands recently at 56s. 9d.
The share units of GENERAL MOTORS CORPORATION are currently priced in London at around 42s. 6d. This group's Chevrolet division has announced that it entered 1966 with unfilled car and truck orders of 200,000. "This positive demand" and the .'many favourable economic conditions in the nation today indicate that our dealers can achieve new sales records for the coming year", states Mr. E. M. Estes, the general manager. For those investors who like a transatlantic flavour in their portfolios at their present price these units yield zli% based on the latest 26-1 cents distribution.
Martin Younger