Banksia Securities investors have received a further return of 8¢ in the dollar from administrator McGrathNicol.December 24, 2013 8:05am
Banksia Securities investors have received a further return of 8¢ in the dollar from administrator McGrathNicol.
The return takes the total returned to Banksia debenture holders to 78¢ in the dollar and is the fourth payment to investors. According to a statement McGrathNicol issued to investors, the administrator expects to return 80¢ to 85¢ in the dollar which means investors could receive further payments of between two and seven cents in the dollar.
‘‘The trustee and receivers consider the current repayment guidance is a good guide, with the mid-point of that range being a realistic target,’’ Receiver and manager Tony McGrath told investors.
A further update on asset realisations, potential litigation and receivers progress is expected to be provided in the first quarter of 2014.
Banksia Securities collapsed in October last year, owing investors $660
Budding Kyabram actor Taylor Smith Morvell is one of 20 Victorian students chosen to perform his Year 12 theatre studies monologue in Melbourne next week.
The Yarrawonga and District Cemetery Trust has been awarded a $50,000 grant from the Department of Health to undertake development work at the Yarrawonga cemetery.
Members of Murchison Book Club are hosting a literary lunch with Vivien Achia, author of Marrying Italian — When Love is Not Enough.
This year's Southern 80 ski race has reaped an estimated $36.2 million for the district economy.
Rochester and Elmore District Health Service has increased its radiology services from two to four days a week.
Tongala family hopes for transplant call for six-year-old.
Family of former Seymour man killed in a road crash in Los Angeles before Christmas set up a Melbourne University scholarship in his honour.
Tocumwal's Don Elgin is aiming to compete at the 2014 Commonwealth Games in Scotland
Leitchville-Gunbower at home was too strong for Heathcote’s senior footballers in their first Good Friday clash.
Huge crowds turned out for Cobram Barooga's River Beaches Festival, which featured a special splash for 2000 rubber ducks.
South West Arts ArtOut will be held again in 2015 after last weekend's inaugural success.
Some of Australia’s greatest horses and just a few racetrack characters have appeared at the Benalla Racing Club’s grounds in its 150-year history.
Benalla's Kevin Harper will be honoured in the motorcade lap of honour at Melbourne Cricket Ground tomorrow for his service during the Korean War.
Discover unbelievable local deals from local businesses every week in the Goulburn and Murray Valley area with Leapon.com.au!
Search properties for sale or rent across North Central Victoria and Southern NSW. Visit your local website for local homes....
Search for published and unpublished photos from McPherson Media Group newspapers and magazines. All our photos are available to purchase.
Place an advertisement in any one of McPherson Media Group's local newspapers.