Other Sites: |
 |
|
Cash impact of finance co sale to cost PGG Wrightson $2.5mTuesday, June 14th, 11:30am
Heartland Building Society is to buy PGG Wrightson's finance company for a nominal amount of about $100 million although the net cash position will see Wrightson forking out $2.5 million.Heartland Building Society is to buy PGG Wrightson's finance company for a nominal amount of about $100 million although the net cash position will see Wrightson forking out $2.5 million. That's because Wrightson will keep 18 bad loans with an estimated net value of about $90 million and give Heartland a three-year guarantee over another eight loans currently valued at $30 million. Independent expert Northington Partners estimates the net cash payment Heartland will make to PGG Wrightson is just $7 ...MORE »
Previous News
SCF receiver says sale of Helicopters and Scales closeWednesday, October 20th, 5:36pm
South Canterbury Finance's receiver expects to make an announcement on the sale of some of its assets this week. MORE »Super-regulator and securities law reforms go to ParliamentTuesday, September 14th, 4:33pm
Commerce Minister Simon Power has introduced several bills to Parliament today in his bid to tighten up financial market regulation after the finance company sector collapse over the past few years. MORE »South Canterbury reaping '$1 million a week' from distressed assetsThursday, April 22nd, 3:56pm
South Canterbury Finance said it is reaping about $1 million a week from collections and sales of distressed assets while investors are rolling over about $100 million a month. MORE »Allied Farmers successfully concludes property salesThursday, April 22nd, 12:37pm
The sales this week will net Allied Farmers more than $3.4 million in cash, part of which is intended to be applied to further debt reduction. MORE »South Canterbury's fluid statements show greater impairmentsMonday, April 12th, 11:43am
South Canterbury Finance found an additional $20.4 million of expenses when it completed its first-half report, compared to an estimate last month, and revealed additional breaches of lending covenants that required a waiver from its trustee. MORE »Strategic Finance bank debt knocks down first repayment to investorsTuesday, January 5th, 11:43am
Strategic Finance Ltd, the finance company which owes about 15,000 investors some $325 million, will miss its first repayment to stockholders after bank debt took precedence over mum and dad investors, and will likely face a review of its moratorium. MORE »Hanover posts $102.9m loss, writes off $308.9mTuesday, November 17th, 11:02am
Hanover Finance has posted a $102.9 million net loss after writing $308.9 million off the value of its assets and its shareholders' funds have been completely wiped out. MORE » |
Newsletter Signup
Weekly Updates including news and commentary Today's Best Bank Rates
Today's Top 5 Deposit Rates
Find a Rate
Cash PIE Rates
Previous News
30 October 2009
29 October 2009
22 October 2009
20 October 2009
20 October 2009 Latest Trends
Coming Soon
MORE » |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclaimer - Every possible effort has been made to keep the information in the tables and on this site as accurate as possible, however, neither the publisher, Tarawera Publishing, nor anyone engaged to compile the rates and this site accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details with providers. The full terms and conditions of this site can be found here.
© Copyright 1997-2023. Tarawera Publishing Ltd. All Rights Reserved.