OCV octaviar limited

update on Jenny Hutson's mining resort plaything, page-2

First 2 Last

Share
Profile

Follow
NOR

1,000 Posts.

7

16/07/14

08:58

Post #: 13665363
Share

Originally posted by seamisty ↑

Village rethink

CBD has an update on Jenny Hutson's mining resort plaything Village National.
As your columnist suspected, now is not actually a good time to invest in anything related to mining services. The $17.6 million of capital that Village National is planning to raise will mainly be sourced from existing investors to prop up the mining accommodation maker.
An update from Village's largest shareholder, investment manager Entrust Funds Management, says it will wind up the fund that owns the Village stake and write down the value of its investment – from $9.85 million to $4.1 million – ''due to the impact of the resources sector downturn impacting on the financial performance of the business''.
Entrust says: ''Village National has sought to implement strategies that will position itself to successfully navigate a more difficult operating environment.
''It is expected that further equity may be required and this is likely to be raised from existing shareholders and new strategic partners.''

Read more: http://www.smh.com.au/business/former-nathan-tinkler-ally-philip-christensen-leaves-whitehaven-board-20140715-zta3z.html#ixzz37a00z1Zl

Expand

''It is expected that further equity may be required and this is likely to be raised from existing shareholders and new strategic partners. But first ask Jenny if she is a Shareholder it helps !!

OCV Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

BEO

One of the biggest jumps today is the most obscure: Beonic Ltd up +65%

WC8

Wildcat’s PFS elicits lacklustre response

HotCopper Trends: Vection's $7M, Liontown dips & Wildcat PFS

ASX Market Close: Index treads water as Energy stocks lead

EMD

Emyria Advances kicks off National Rollout with Avive Health Agreement

First 2 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

update on Jenny Hutson's mining resort plaything, page-2

Top Stories

One of the biggest jumps today is the most obscure: Beonic Ltd up +65%

Wildcat’s PFS elicits lacklustre response

HotCopper Trends: Vection's $7M, Liontown dips & Wildcat PFS

ASX Market Close: Index treads water as Energy stocks lead

Emyria Advances kicks off National Rollout with Avive Health Agreement

Featured News