PGC - Licenced to Bank

[janner]

Actions speak louder than words eh !!..

I see Cur, eeee, Kerr, cant make his own AGM this year, you know, the one that after 150 years of being held in Canterbury, is being held in Auckland

Perhaps his passports expired?

[Balance]

Too busy for his own AGM?

He could not be sending a stronger message to shareholders how petty and small and unimportant they are to him.

Or with his tail between his Georgie legs, he did not have enough guts to face shareholders.

I was wondering how good he was at facing the wrath of shareholders.

What a coward.

[Balance]

http://www.stuff.co.nz/business/indu...t-to-up-stakes

So :

Litigation funding - quietly exited. PGC does not want to bring too much attention to the potential liabilities still residing with PGC over how Perpetual Trustees looked after all those finance companies.

Never will ever pay a dividend. Shift to an overseas domicile (just like Richina Pacific) and do exactly what they want. Why pay dividends when you can pay yourself millions in fees and salaries?

In any case, good riddance to bad rubbish.

Bye bye, Georgie.

Now take your partner of wealth destruction with you - your Chairman Mogridge.

[janner]

http://www.stuff.co.nz/business/indu...t-to-up-stakes

So :

Litigation funding - quietly exited. PGC does not want to bring too much attention to the potential liabilities still residing with PGC over how Perpetual Trustees looked after all those finance companies.

Never will ever pay a dividend. Shift to an overseas domicile (just like Richina Pacific) and do exactly what they want. Why pay dividends when you can pay yourself millions in fees and salaries?

In any case, good riddance to bad rubbish.

Bye bye, Georgie.

Now take your partner of wealth destruction with you - your Chairman Mogridge.

Ware Kerrcious.. for he has a lean and hungry look..

[Balance]

"Georgie porgie, pudding and pie.

Kissed PGC shareholders and made them cry.

When the FMA came out to play,

Georgie Porgie ran away."

A rather good one by the NBR to sum up Georgie's year.

And the NBR also acknowledged his Aussie mate Gregory Bright's contribution to the world of independent directors and corporate governance.

[Breastwork]

Hugh Green Investments calling it a day it looks like

[Breastwork]

NZX ANNOUNCEMENT - FOR IMMEDIATE RELEASE
12 June 2013
PGC full year NPAT update
Pyne Gould Corporation ("PGC") announced today that it expects to achieve net profit after tax (NPAT) of approximately NZ$30 million for the year to 30 June 2013.
Thistle will see a lift in PGC''s book value by 31% over the year to approximately NZ$127m, PGC Managing Director George Kerr said.
PGC had previously indicated NPAT would be in excess of NZ$10m to the year ending 30 June 2013, attributable to the strong performance of Torchlight. The additional NZ$20m is predominantly from realised gains from non-core asset sales and after accounting for a significant increase in regulatory compliance costs such as legal, audit and accounting.
Over the first half of the year, PGC sold its stakes in Heartland New Zealand and PGG Wrightsons. In the second half it has sold Perpetual Group, van Eyk , agreed to terminate Real Estate Credit Limited''s management contract with Heartland New Zealand and is awaiting FMA and OIO approval for the sale of Perpetual Trust.
For media enquiry contact David Lewis +64-21-976 119 End CA:00237340 For:PGC Type:FORECAST Time:2013-06-13 09:39:42

[Joshuatree]

PGC proposes to list on london markets LOLO L Good buy and good riddance. London now Afghanistan next?

[winner69]

Belg would have done very OK out of this the last year .... he a minority shareholder from the mid 20's - whats the price now

[janner]

Belg would have done very OK out of this the last year .... he a minority shareholder from the mid 20's - whats the price now

Well put winner..