Sceptre provides discretionary inve...

Sceptre provides discretionary investment management service for pension (and other) plans for corporations, municipalities, universities and large institutions. As well, the company provides personal coin management services to high trap worth individuals. At the time the stock was studied in the January/February 1991 issue of this magazine, shares were trading at $2600

During the five fiscal years ending November 30 1990 Sceptre's receiptss had grown at an annual pay by substitution rate of 23 % to $156 million with EP growing marginally faster at 27% to $192 Subsequently incomes grew at approximately 15% while EP grew at a less rate of approximately 13% (based onward estimated 1995 results).

Sceptre's share price has tracked its EP performance closely since 1990 not long ago the stock traded in the $84 range. The company increased its cash dividend through every part of the period from $1.88 to $308 for 1995 Together, the dividend yield and capital gains from the stock have provided long-term shareowners with a exceedingly attractive compound rate of get back of approximately 26% per year]

Copyright Canadian Shareowner Magazine Inc. Jan/Feb 1996

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