PGC - Licenced to Bank

[steve fleming]

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.

If any of you PGC'ers are hanging out to get back some exposure to van Eyk and Perpetual Group, you can invest in AWK on the ASX, that purchased these assets from PGC at bargain prices (5 x EBIT)

THe Chairman of AWK, Andrew Barnes, also ended up acquiring Perpetual Trust

[noodles]

Has anybody read the following blog. Is it on the mark?

http://pgcnz.blogspot.co.nz/2013/12/...of-kowhai.html

Could the buy back actually be a takeover by stealth?

[percy]

Has anybody read the following blog. Is it on the mark?

http://pgcnz.blogspot.co.nz/2013/12/...of-kowhai.html

Could the buy back actually be a takeover by stealth?

Bullseye !!!!!

[Xerof]

We have a regulator???

don't get me started.......again......

[Joshuatree]

Cant access it xerof ; a paid sub. Headline says PGC's loans to torchlight revealed. What are the details thanks.

[Xerof]

looks like NBR story was a bit off the mark Joshua, so have deleted my original post

[percy]

Good to see George Kerr keeping himself very busy!!!
Van Eyk,Torchlight,and Thames Water facing challenges.

[Xerof]

Good to see George Kerr keeping himself very busy!!!
Van Eyk,Torchlight,and Thames Water facing challenges.

I'll borrow a phrase from Balance : Karma

[SCOTTY]

Yes and @38c only 1c up from the 37c "offer" back in 2011!! Well done George

[percy]

Sorry to any holders,but today's PGC announcement must be the funniest I have ever read!!!
And someone put their name to it.!!!