Banksia investors are meeting with receivers in Kyabram today.By Trent Horneman
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.
The Shepparton-based Ambulance Employees Union representative has slammed the latest wage offer from the Victorian Government as 'misleading and insufficient'.
After a tennis career spanning 62 years, of which the last 35 years have been as a coach, Yarrawonga's Jon Coleman is set to retire at the end of 2013.
The recent Kyabram Master Pairs, played over six days with crack sides from near and far, attracted some talented bowlers eager to win the prestige event.
Dempsie Maconachie has been accepted into Jason Coleman’s Ministry of Dance in Melbourne.
Rochester resident Ken Hocking has chosen to use his Christmas lights display to draw attention to a support group for brain tumour patients.
Kyabram Lawn Tennis Club’s annual junior singles tournament again attracted good numbers from across the district.
But have opponents given up the fight?
Tocumwal Pre-School students are proudly flying their KITE at the Tocumwal Lions Community Hostel.
Tooborac Fire Brigade visited Tooborac Primary School last Tuesday to help the school complete its bushfire emergency management plan.
Residents urged to renew fruit fly baits to support local orchards.
Tim Hillier became the first Deniliquin Rhino to notch up a century in the Murray Valley Cricket Association with a sterling 104 against Cobram on Saturday.
Sheep producers backcrossing away from the Dohne breed to Poll Merinos with the perception of improving wool quality have been urged to consider their gross margins.
The hunt is on for a buyer for Benalla and Mansfield Toyota after the business went into receivership last fortnight.
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