About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Friday, November 15th, 1:13PM
rss
Latest Headlines

Numeria Finance investors get estimate of returns

Investors in Numeria Finance are likely to get between 38 and 51% of their money back.

Monday, February 18th 2008, 10:41PM
The receivers, Grant Graham and Brendon Gibson of KordaMentha, say debentureholders are owed $6.7 million.

"From our early analysis, we expect to return 38-51 cents in the dollar of the principal outstanding at receivership, to debentureholders. A further 19 cents could be returned depending on successful resolution of claims already in dispute with the first receivers of Capital + Merchant Finance," Gibson says.

"While legal issues will determine the outcome in the related party advances under review and in dispute, the profile of the finance book and loans is also a risk area. One-third of the finance book is in arrears."

The receivers are continuing collections of the loan book and are responding to parties interested in purchasing the loan book.

« Hanover respondsStrategic Finance not for sale »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
Today's Best Bank Rates
Rabobank 1.75  
Based on a $50,000 deposit
More Rates »
News Bites
Latest Comments
  • FMA fesses up to website breach and apologises
    “Correct quote from the Act but reporting is not mandatory as the wording used is "may" not must. Shanks comments have beenquoted...”
    5 hours ago by gavin austin adviser business compliance
  • When is a client really a client?
    “Agree Murray. Financial consideration has nothing to do with the new laws. Might I suggest that the government and the...”
    5 hours ago by JPHale
  • When is a client really a client?
    “I think anyone who thinks someone becomes their client only after that person has accepted an advice recommendation from...”
    19 hours ago by Murray Weatherston
  • When is a client really a client?
    “thanks regant, generally agree with you. not your fault that i didn't make myself clear enough. ...”
    20 hours ago by w k
  • Long-serving ACC investment chief calls it a day
    “I'm surprised that no-one has commented yet, but isn't it a little strange that their in-house equities strategy is following...”
    21 hours ago by smitty
Subscribe Now

Deposit Rates newsletter

Previous News

MORE NEWS»

Most Commented On
News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com