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Allied Farmers Limited

Big drop in Hanover assets acquired by Allied Farmers

Big drop in Hanover assets acquired by Allied Farmers
Wellington, Aug 12 NZPA - Another big chunk has been taken out of the value of the assets that Allied Farmers acquired from Hanover Finance and United Finance in December.

NZ sharemarket nudges lower in quiet session

NZ sharemarket nudges lower in quiet session
Wellington, Aug 10 NZPA - The New Zealand sharemarket nudged lower in a session lacking much in the way of corporate news. The benchmark NZX-50 index closed down 9.39 points, or 0.3 percent, at 3045.11, after yesterday gaining nearly 10 points.

NZ sharemarket in the black, but gives up early gains

NZ sharemarket in the black, but gives up early gains
Wellington, Aug 3 NZPA - The New Zealand sharemarket shed most of its early gains today, but managed to remain positive by the end of a session lacking much in the way of news.

NZ sharemarket builds on early gains

NZ sharemarket builds on early gains
Wellington, July 20 NZPA - The New Zealand sharemarket turned its back on three consecutive days of decline, building momentum after an early small gain to close up more than 1 percent.

Allied Farmers gets further banking extension

Wellington, July 20 NZPA - Allied Farmers has negotiated a further six-month extension of its arrangements with Westpac as it continues to work on new bank facilities and restructuring initiatives.

NZ sharemarket posts modest gains while other markets weak

NZ sharemarket posts modest gains while other markets weak
Wellington, July 7 NZPA - The New Zealand sharemarket posted modest gains today when most markets in Asia were weaker but volumes remained low.

Allied Farmers gets more time to negotiate funding

Allied Farmers gets more time to negotiate funding
Wellington, July 1 NZPA - Allied Farmers has nearly three months of breathing space as it continues to negotiate new bank facilities and restructuring initiatives.

Allied Farmers says talks with bankers are ongoing

Allied Farmers says talks with bankers are ongoing
Wellington, June 25 NZPA - Allied Farmers Ltd said it has yet to reach and agreement with its bank to extend bank facilities which expire on July 1.

NZ sharemarket is flat while other markets fall

NZ sharemarket is flat while other markets fall
Wellington, June 23 NZPA - The New Zealand sharemarket traded lower for most of the day before ending flat, while other markets retreated.

Allied Farmers says Beverley Hills case goes its way

Allied Farmers says Beverley Hills case goes its way
Wellington, June 14 NZPA - Allied Farmers has announced a second positive development in the portfolio it purchased from Hanover Finance, though it continues to signal a further decline in the carrying value of the assets.

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