hubbard churcher

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Hubbard plot thickens with bank caught in the net

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| Duncan Bridgeman | Tuesday September 21, 2010 | 3 comments

Gaynor's Milford Asset Mgmt plucks Hubbard’s Salvus stake

Duncan Bridgeman | Monday March 15, 2010 | 1 comment

Brian Gaynor’s Milford Aggressive Fund, which has $70 million under management, has taken a 16.92% stake in NZX-listed Salvus Strategic Investments.

The acquisition, in a private off-market transaction disclosed to the NZX today, consisted of 3.4 million shares priced at 70c-a-share.

Milford bought the shares from Hubbard Churcher Trust Management, whose founder Allan Hubbard is currently battling to recapitalise his Timaru-based finance company South Canterbury Finance.

Opinion

Fiji says ‘Bula’ to renaissance

Nevil Gibson

3 comments

Symbol	Price	Change
ZIN	0.40	0.04	11.11%
SGL	0.14	0.01	7.69%
WSI	0.43	0.03	7.50%
GPG	0.49	0.01	2.06%
MAD	0.50	0.01	2.04%
EBO	7.50	0.15	2.04%

Sym	Price	Change
USD	0.7500	0.0011	0.15%
AUD	0.7709	0.0008	0.10%
EUR	0.5986	0.0022	0.37%
GBP	0.4791	0.0016	0.34%
HKD	5.8223	0.0076	0.13%
JPY	59.6640	0.1910	0.32%

Commodity	Price	Change	Time
Gold Index	1560.8	-6.930	2012-05-23T00:
Oil Brent	105.6	0.640	2012-05-23T00:
Oil Nymex	90.6	-2.070	2012-05-23T00:
Silver Index	27.8	-0.660	2012-05-23T00:

Symbol	Open	High	Last	%
NZX 50	3510.2	3518.2	3496.2	0.00%
NASDAQ	2832.2	2855.3	2839.1	0.39%
DAX	6352.4	6373.8	6435.6	-2.33%
DJI	12501.5	12508.3	12502.8	-0.05%
FTSE	5403.3	5403.7	5403.3	-2.53%
HKSE	18842.3	18845.8	19039.2	-1.33%
NI225	8715.1	8715.1	8729.3	-1.98%

Opinion

Buying back the farm: Q&A

Nevil Gibson