NZF Group (NZF and NZF010)

[Xerof]

I see Pat O'Connor has jumped ship as a director.......

[invessi]

I see Pat O'Connor has jumped ship as a director.......

I dont think it is a case of "jumping ship", NZF Group have a new direction as an investment company, they are now a lean team of just 3 people, cash in hand and their investment in Mike Pero and Resimac probably sits at around $12 - $14 million, there is probably no justification to have Pat who is mostly based in Australia with other interests to look after sitting on the NZF board as a paid director. I expect to see some good things ahead including much improved performance from Pero.