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Preliminary Final Report & On-Market Buy-Back

Document date:  Wed 03 Nov 1999
Published:  Wed 03 Nov 1999 13:26:52
Document No:  154638
Document part:  I
Market Flag:  Y
Classification: 

HOMEX - Melbourne                                                     

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DETAILS OF SPECIFIC RECEIPTS/OUTLAYS, REVENUES/EXPENSES

                                               Current      Previous
                                                period   corresponding
                                                             period
                                                AUD000       AUD000

12.1 Interest revenue included
     in determining item 1.4                       185          389
                                               
12.2 Interest revenue included
     in item 12.1 but not yet
     received (if material)                          -            -
                                               
12.3 Interest expense included
     in item 1.4 (include all
     forms of interest, lease
     finance charges, etc.)                      1,268        1,054
                                               
12.4 Interest costs excluded from
     item 12.3 and capitalised in 
     asset values (if material)                      -            -
                                               
12.5 Outlays (except those arising
     from the acquisition of an
     existing business) capitalised 
     in intangibles (if material)                    -            -
                                               
12.6 Depreciation and amortisation (excluding
     amortisation of intangibles)                2,605        2,129


CONTROL GAINED OVER ENTITIES HAVING MATERIAL EFFECT
(See note 8)

13.1 Name of entity (or group of entities)    Nil
    
13.2 Consolidated operating profit (loss) 
     and extraordinary items after tax of 
     the entity (or group of entities) since 
     the date in the current period on which
     control was acquired                                  $       
                                       
13.3 Date from which such profit has
     been calculated                                      

13.4 Operating profit (loss) and extraordinary
     items after tax of the entity (or group of 
     entities) for the whole of the previous
     corresponding period                                  $       

    
LOSS OF CONTROL OF ENTITIES HAVING MATERIAL EFFECT
(See note 8)

14.1 Name of entity (or group of entities)    n/a
   
                                        
14.2 Consolidated operating profit (loss) 
     and extraordinary items after tax of 
     the entity (or group of entities) for
     the current period to the date of loss 
     of control                                            $       

14.3 Date to which the profit (loss) in
     item 14.2 has been calculated                           
   
14.4 Consolidated operating profit (loss) 
     and extraordinary items after tax of 
     the entity (or group of entities) while 
     controlled during the whole of the 
     previous corresponding period                         $       
   
14.5 Contribution to consolidated    
     operating profit (loss) and 
     extraordinary items from sale of
     interest leading to loss of control                   $       


REPORTS FOR INDUSTRY AND GEOGRAPHICAL SEGMENTS
Information on the industry and geographical segments of the entity
must be reported for the current period in accordance with AASB 1005:
Financial Reporting by Segments. Because of the different structures
employed by entities, a pro forma is not provided. Segment information
should be completed separately and attached to this statement. 
However, the following is the presentation adopted in the Appendices 
to AASB 1005 and indicates which amounts should agree with items
included elsewhere in this statement.

  
              Operating   Segment  Segment  Operating Segment Segment
              Revenue     Result   Assets   Revenue   Result  Assets

Geographical
Segments

Australia       150,630    15,862   218,986  111,614  13,374  178,455 
New Zealand      20,889     3,520    29,322   21,202   4,362   30,428 
Other            20,354     1,541    25,378   18,234   1,549   26,230 

Segment Totals  191,873    20,923   274,688  151,050  19,285  235,113
Unallocated (i)   1,301    (2,087)    1,162    1,107  (1,824)   2,305 
Total           193,174    18,836   275,848  152,157  17,461  237,418


(i) Includes interest, corporate charges and general corporate assets

The economic entity's activities are predominantly in the manufacture 
and distribution of fastening systems and associated products.

Operating revenue represents sales to customers outside the Siddons 
Ramset Group

Figures relate to the total group including minority interests.

SEGMENTS
Operating Revenue
Sales to customers outside the economic entity
Inter-segment sales
Unallocated revenue

Total revenue (consolidated total equal to item 1.3)

Segment result (including abnormal items where relevant)
Unallocated expenses

Consolidated operating profit after tax (before
equity accounting) (equal to item 1.8)

Segment assets                    )Comparative data for segment
Unallocated assets                )assets should be as at the end of
Total assets (equal to item 4.16) )the previous corresponding period.


DIVIDENDS (in the case of a trust, distributions)

15.1  Date the dividend (distribution) is payable        30/04/1998
                                        
15.2  Record date to determine entitlements to 
      the dividend (distribution) (ie, on the basis 
      of registrable transfers received up to 5.00pm
      if paper based, or by "End of Day" if a proper
      SCH transfer)                                      09/04/1998
                                        
15.3  If it is a final dividend, has it been declared
      (Preliminary final statement only)                 -


AMOUNT PER SECURITY
                               Amount Per Security  Franked Amount Per
                                                   security at 36% tax
(Preliminary final report only)                                  
15.4 Final dividend:   Current year        -c                  -c
                                                           
15.5                   Previous year       -c                  -c

(Half yearly and preliminary final 
 statements)
15.6 Interim dividend: Current year     12.0c               12.0c

15.7                   Previous year    11.0c               11.0c


TOTAL ANNUAL DIVIDEND (DISTRIBUTION) PER SECURITY
(Preliminary final statement only)
                                               Current       Previous
                                                  year         year

15.8 Ordinary securities                             - c          - c

15.9 Preference securities                           - c          - c


TOTAL DIVIDEND (DISTRIBUTION)
                                               Current      Previous
                                                period   corresponding
                                                AUD000      period
15.10 Ordinary securities                        6,460        5,788

15.11 Preference securities                          -            -

15.12 Total                                      6,460        5,788


The dividend or distribution plans shown below are in operation.

 Dividend Reinvestment Plan

The last date(s) for receipt of election notices
for the dividend or distribution plans                   09/04/1998
                          
Any other disclosures in relation to dividends (distributions)

 Nil


EQUITY ACCOUNTED ASSOCIATED ENTITIES AND OTHER MATERIAL INTERESTS
Equity accounting information attributable to the economic entity's 
share of investments in associated entities must be disclosed in a 
separate note. See AASB 1016: Disclosure of Information about 
Investments in Associated Companies.

                                               Current      Previous
Investments in associated entities              period   corresponding
                                                AUD000      period
16.1  Statutory carrying value of
      investments in associated 
      entities (SCV)                                 -            -
    
16.2  Share of associated entities'
      retained profits and reserves 
      not included in SCV:                           -            -
    
      Retained profits                               -            -
    
      Reserves                                       -            -
                                              
16.3  Equity carrying value of

MATERIAL INTERESTS IN ENTITIES WHICH ARE NOT CONTROLLED ENTITIES
The economic entity has an interest (that is material to it) in the 
following entities.

Name of entity    Percentage of ownership    Contribution to operating
                    interest (ordinary           profit (loss) and 
                  securities, units, etc)       extraordinary items
                    held at end of period            after tax

17.1 Equity accounted      Current    Previous   Current    Previous
     associated             period corresponding  period corresponding
     entities                          period     AUD000    period
<~>                                            Equity accounted

                                               
 -                               -          -          -          -

 -                               -          -          -          -

 -                               -          -          -          -
 
17.2 Other material                             Not equity accounted
     interests                                 (ie part of item 1.14)
 
 -                               -          -          -          -

 -                               -          -          -          -

 -                               -          -          -          -
 

ISSUED AND QUOTED SECURITIES AT END OF CURRENT PERIOD 
Description includes rate of interest and any redemption or
conversion rights together with prices and dates.

 Category of                  Number       Number Par value  Paid-up
 securities                   issued       quoted  (cents)    value
                                                             (cents)
 18.1 Preference
      securities
      (description)                -            -        -        -


 18.2 Issued during
     current period                -            -        -        -


 18.3 Ordinary

 18.4 Issued during
 18.5 Convertible debt
      securities
      (description and 
      conversion factor)           -            -        -        -


 18.6 Issued during
      current period               -            -        -        -


 18.7 Options (description                         Exercise   Expiry
      and conversion factor)                         price     date
                                                    (cents)

                                   -            -        -  -

 18.8 Issued during
      current period               -            -        -  -


 18.9 Exercised during
      current period         100,000            -     3.71   


 18.10 Expired during
       current period              -            -        -  -


 18.11 Debentures  
       (totals only)               -            -

 18.12 Unsecured notes
       (totals only)               -            -


COMMENTS BY DIRECTORS
Comments on the following matters are required by ASX or, in relation
to the half yearly statement, by AASB 1029: Half-Year Accounts and
Consolidated Accounts. The comments do not take the place of the
directors' report and statement (as required by the Corporations Law)
and may be incorporated into the directors' report and statement. For
both half yearly and preliminary final reports, if there are no
comments in a section, state NIL. If there is insufficient space to
comment, attach notes to this report.

BASIS OF ACCOUNTS PREPARATION
If this report is a half yearly report, it is a general purpose
financial report prepared in accordance with the listing rules and
AASB 1029: Half-Year Accounts and Consolidated Accounts. It should be
read in conjunction with the last annual report and any announcements
to the market made by the entity during the period. [Delete if
inapplicable.]

Material factors affecting the revenues and expenses of the economic 
entity for the current period

 Nil

A description of each event since the end of the current period which 
has had a material effect and is not related to matters already 
reported, with financial effect quantified (if possible)

 Nil

Franking credits available (amount):                       $       

Prospects for paying fully or partly franked dividends for at least
the next year

 Franking credits are available to cover dividends for at least the
 next year.

Changes in accounting policies since the last annual report are 
disclosed as follows.

 Nil


ADDITIONAL DISCLOSURE FOR TRUSTS

19.1 Number of units held by the management 
     company or a related party of it                             -
                               
19.2 A statement of the fees and commissions 
     payable to the management company.                           -
    
     Identify:
         initial service charges                                  -
         management fees                                          -
         other fees                                               -


ANNUAL MEETING  
(Preliminary final statement only)

The annual meeting will be held as follows:

Place                         N/A

Date                                                  

Time                                    

Approximate date the  annual
report will be available       


COMPLIANCE STATEMENT

1  This statement has been prepared under accounting policies which
   comply with accounting standards as defined in the Corporations Law
   or other standards acceptable to ASX (see note 13).

   Identify other standards used
   Nil

2  This statement, and the financial statements under the Corporations
   Law (if separate), use the same accounting policies.

3  This statement does give a true and fair view of the 
   matters disclosed (see note 2).

4  This statement is based on financial statements to which one of the
   following applies. (Tick one)

             The financial        X    The financial
             statements have           statements have
             been audited.             been subject to
                                       review.
                                       
             The financial             The financial
             statements are in         statements have not
             the process of            yet been audited or
             being audited or          reviewed.
             subject to review.

5 If the audit report or review by the auditor is not attached, 
  details of any qualifications 
 are attached/will follow immediately they are available. 
 (Half yearly report only - the audit report or review by the auditor 
  must be attached to this report if the report is to satisfy the 
  requirements of the Corporations Law.)

6  The entity has a formally constituted audit 
   committee.


N S Wright 
(COMPANY SECRETARY)
02/02/1998


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