Panel 1
Investing report
Finance company plans
St Laurence, Dorchester
Delayed repayment
Recapitalisation
Rather than receivership
Panel 2
St Laurence NZ$240 mln
70% repaid within 5 years
Repay interest due too
Dorchester Pacific
Repay all within 3 years
Repay 20% by Christmas
Panel 3
Property market the key
Receivership better?
History mixed
Provincial Finance
2 years to get back 90%
But Bridgecorp 13-44%
This is only a glimpse of what is to come.
joel1923 3 years ago
The credit crunch is just starting I think..It might be hiding from public view right now ..
bellpawt 3 years ago