Banksia investors are meeting with receivers in Kyabram today.TRENT HORNEMAN December 14, 2012 11:20am
Banksia Securities Limited debenture holders are meeting with receivers in Kyabram today.
Receiver Tony McGrath said he was confident investors would receive a minimum of 50 cents in the dollar.
He also told investors the directors, auditors and officers could be held accountable.
Mr McGrath said Banksia had insufficient cash reserves against its loan portfolio and that last year’s profit of $24
Mr McGrath said receivers will sell off Banksia mortgages to recover cash, with a possible completion date of September.
More to come in Monday's Riverine Herald.
Rich River's Ben Docking capitalised on local knowledge to take out the Goulburn Valley District Golf champion of champions event at his home course.
The 2014 Yarrawonga Mulwala Multisport Festival has been hailed a huge success by organisers and participants alike.
The fifth annual King Billy Retreat Open Garden Party will be held at Rushworth on Saturday and Sunday, October 25-26, from 10 am to 4 pm.
Timbercutter Doug Rosenow is hoping people will listen before it is too late.
Goulburn-Murray Water has been filling in the decommissioned irrigation channel by the Northern Hwy, just out of Rochester.
Fraser sure has aces in spades
It was a triumphant homecoming for God's Own gelding.
Finley's Mark Whiley has been traded from the GWS Giants to Carlton - the club he has supported all his life.
Fiona Bradshaw and the Planet X team have raised more than $5000.
2013/14 Annual Report received this week finds overall finances are ‘‘fair and improving’’ at Moira Shire Council.
Deniliquin McDonald's raised more than $1300 for McHappy Day on Saturday.
Up to14 new full-time jobs will be created at Pactum Dairy Group in Shepparton, with the company set to embark on an $18million expansion at its factory.
Member for Benalla Bill Sykes delivers his valedictory speech to the State parliament: I love youse all.
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Search for published and unpublished photos from McPherson Media Group newspapers and magazines.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.