Company Notes
B y 1.01HIMRY SIR DENYS LOWSON, chairman of Nelson Financial Trust, is able to report another successful year ended October 31, 1965. Income from investments has risen from £206,104 to £234.660, from which it is possible to step up the dividend. The interim was held at 7 per cent on the increased capital, but the final at 9 per cent has been increased by 1 per cent, making a total of 16 per cent. This trust has most of its portfolio in the UK and British Common- wealth to the extent of 81 per cent, and only 18 per cent in the US. The 5s. shares at 14s. 6d. give a good income yield of 5.5 per cent.
Shareholders of Webster's Publications should be well pleased with the report for the year ended August 31, 1965. The gross profit at £124,000 compared with £106,000 and, after allowing for a considerably higher carry-forward at £40,000 against £17,000, the net profit is only a little less than last year. In spite of an increase in price in the company's sporting publications (racing and football), sales are still rising. The financial weeklies are also doing well. Following the interim of 20 per cent, the final of 60 per cent makes a total dividend of 80 per cent against 70 per cent. A very useful income yield of 9.7 per cent can be had from the Is. shares at 8s. 3d.
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