ALF - Allied Farmers Limited

[Vaygor1]

Nice jump on bit of volume today. The Court fixture was slated for February but to date no sign of it, nor word of a re scheduling. Only thing has been the announcement a few weeks ago by the Defendants that it was settled, but that seemed to be a Claytons or someones imagination. Tension mounts.

Yes indeed. All seems quiet on this front. So quiet in fact I did a bit of internet hunting to see if I could find anything.

Found this very interesting article from November last year in the NBR. The readers-comments section is as interesting as the story but there appears to be a lot of support for the LPF Group from some highly rated individuals within the legal sector.

https://www.nbr.co.nz/article/litiga...stice-b-209920

I'll be the 1st to admit I struggle to understand what this all means. However, it appears at this stage that it is more to do with the case bought against PWC itself, and not the case against the Directors... but even on this I am unsure.

I would very much like to have a number of questions answered concerning the issues this article raises... if I could find the right person to ask them to.

I have also tried to find a schedule of February 2018 court hearings that includes PWC but no luck so far.

[dodgy]

Yes indeed. All seems quiet on this front. So quiet in fact I did a bit of internet hunting to see if I could find anything.

Found this very interesting article from November last year in the NBR. The readers-comments section is as interesting as the story but there appears to be a lot of support for the LPF Group from some highly rated individuals within the legal sector.

https://www.nbr.co.nz/article/litiga...stice-b-209920

I'll be the 1st to admit I struggle to understand what this all means. However, it appears at this stage that it is more to do with the case bought against PWC itself, and not the case against the Directors... but even on this I am unsure.

I would very much like to have a number of questions answered concerning the issues this article raises... if I could find the right person to ask them to.

I have also tried to find a schedule of February 2018 court hearings that includes PWC but no luck so far.

Good morning V,
If you are a bona fide shareholder you would best ring the very approachable chairman Gary Bluett? d quote your csn and ask whatever you wish. Best from the horses mouth so as to speak. He won't be able to tell you any more than in the public domain but may enlighten you.
Regards

-dodgy

[percy]

Nice jump on bit of volume today. The Court fixture was slated for February but to date no sign of it, nor word of a re scheduling. Only thing has been the announcement a few weeks ago by the Defendants that it was settled, but that seemed to be a Claytons or someones imagination. Tension mounts.

I think it is all settled .Settled out of court.Just needs signing off. I am expecteing details any day.

[golden city]

That is what I thought too. Because. Last news said it is pre mature Maybe just the sign off left. All agreed by negotiation

[blackcap]

This dude any good?

ALF
08/03/2018 15:12
ADMIN
NOT PRICE SENSITIVE
REL: 1512 HRS Allied Farmers Limited

ADMIN: ALF: CFO Appointment

8 March 2018
CFO APPOINTMENT

The Directors of Allied Farmers Ltd (ALF) are pleased to announce the
appointment of Mr Brian Lee as Chief Financial Officer of the Allied Farmers
Group with effect from 3 April 2018.

Mr Lee joins ALF from NZX listed Smiths City Group where he has been CFO for
the previous 13 years.

ALF Chairman Garry Bluett said "We are delighted to have Brian join our team.
We are confident that his experience and expertise will help sustain and
drive the growth we are experiencing in our business".

Garry Bluett

Chairman
End CA:00315286 For:ALF Type:ADMIN Time:2018-03-08 15:12:11

[minimoke]

This dude any good?

Leaving a sinking ship?

[percy]

I don't know,however he should have finance company experience ,as Smiths City have a very large finance company.

[percy]

Leaving a sinking ship?

They have kept it afloat by selling off their Colombo store, and leasing it back from John Butterfield,who also owns South City Shopping Centre.

[Lola]

They have kept it afloat by selling off their Colombo store, and leasing it back from John Butterfield,who also owns South City Shopping Centre.

What’s this got to do with ALF?

[percy]

What’s this got to do with ALF?

Was in reply to post #1076