- Release Date: 27/04/12 11:10
- Summary: GENERAL: ALF: ALLIED UPDATE - ALF
- Price Sensitive: No
- Download Document 1.23KB
ALF 27/04/2012 09:10 GENERAL REL: 0910 HRS Allied Farmers Limited GENERAL: ALF: ALLIED UPDATE - ALF 27 April 2012 ALLIED UPDATE Allied Farmers Limited (ALF) today announced that the (confidential) purchaser of an overdue loan from ALF's asset management services division has received a substantial repayment of the amount outstanding under the loan. As referenced in Note 40 of ALF's 2011 Financial Statements, ALF has guaranteed to the purchaser of the loan that $7,000,000 of proceeds will be collected from the loan, and that any shortfall in the proceeds may be claimed under the guarantee. ALF is pleased with this latest development, as the loan has been outstanding for many years and has been the subject of complex litigation. At this point in time it is unclear how much of the remaining unpaid amount of the loan will be repaid, or the amount that will be payable under the guarantee. However, having reviewed the guarantee obligation, ALF has determined to increase the currently held provision for the guarantee obligation by $569,000 to reflect the maximum potential exposure under the guarantee. ALF will provide a further update upon receipt of further information. End CA:00222255 For:ALF Type:GENERAL Time:2012-04-27 09:10:22
- Forums
- NZX - By Stock
- ALF
- Ann: GENERAL: ALF: ALLIED UPDATE - ALF
Ann: GENERAL: ALF: ALLIED UPDATE - ALF
Featured News
Add ALF (NZSX) to my watchlist
|
|||||
Last
80.0¢ |
Change
0.000(0.00%) |
Mkt cap ! n/a |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
0 | 105 | 81.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
82.0¢ | 13456 | 0 |
Last trade - 13.30pm 27/08/2024 (20 minute delay) ? |
Featured News
ALF (NZSX) Chart |
Day chart unavailable
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online