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Allied Farmers Limited

NZ sharemarket closes little changed, Telecom rises

Wellington, June 10 NZPA - The New Zealand sharemarket posted modest gains today helped by a 3.3 percent rise in the price of Telecom shares.

Five Mile second stage sold by Allied Farmers

Five Mile second stage sold by Allied Farmers
Wellington, June 10 NZPA - Allied Farmers Ltd is selling the second stage of the Five Mile development in Queenstown to an undisclosed buyer at a price in excess of the value it has been written down to in the company's half-year accounts.

S&P lowers Allied Nationwide Finance rating

S&P lowers Allied Nationwide Finance rating
Wellington, June 8 NZPA - Allied Nationwide Finance (ANF) chief executive John Mallon says his company is "disappointed" by Standard & Poor's Ratings Services decision to lower ANF's long term issuer credit rating to B from BB-.

NZ sharemarket rises slightly, Telecom, Fletcher gain

NZ sharemarket rises slightly, Telecom, Fletcher gain
Wellington, May 31 NZPA - The New Zealand sharemarket was helped along by a rises in selected leading stocks today but trading was thin with the week in the United States and United Kingdom starting with holidays.

Allied Farmers discloses further Hanover losses

Allied Farmers discloses further Hanover losses
Wellington May 28, NZPA - Allied Farmers has again downgraded the value of assets acquired from Hanover Finance and United Finance last year and is still counting.

NZ sharemarket closes higher but off best session peak

NZ sharemarket closes higher but off best session peak
Wellington, May 28 NZPA - The New Zealand sharemarket started the day with a burst which fizzled out as the day progressed and a mixed bag of profit results were reported.

Telecom rises from record low, sharemarket gains

Telecom rises from record low, sharemarket gains
Wellington, May 26 NZPA - Telecom shares rose 2.7 percent in a New Zealand sharemarket that posted a 0.245 percent gain as equity markets around the world found some composure at least for now.

Allied Farmers says property asset values fall

Allied Farmers says property asset values fall
Wellington, May 7 NZPA - Allied Farmers Ltd said the value of the property assets of the Hanover Finance and United Finance business it acquired last year have fallen further. The fair value of the property assets has fallen to $87.5 million from $105.4m.

NZ sharemarket rises

NZ sharemarket rises
Wellington, April 23 NZPA - The New Zealand sharemarket rose modestly today, outperforming many markets in Asia, though volume was thin.

Allied Farmers reports $3.4m net gain from property sales

Allied Farmers reports $3.4m net gain from property sales
Wellington, April 22 NZPA - Allied Farmers says it will net more than $3.4 million from property sales concluded this week.

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