Media
15 December 2009
The Age – Allco founder’s son accused
13 October 2009
Australian Financial Review – RHG gives ground on lazy capital (Financial Services, page 20)
24 September 2009
The Australian - Packer in for discussions with News
The Sheet – RHG challengers get their say
21 September 2009
Australian Financial Review – Coe’s not overboard yet (Rear Window, page 40)
10 September 2009
ABC Lateline Business – RHG Investors Call for Board Shakeup – Vodcast and transcript
The Australian – Goddard defends RHG board - Glenn Goddard tells The Australian that the time is not yet right to return cash to shareholders.
9 Sep 2009
The Australian - John Kinghorn left shareholders well in the dark – Steve Johnson and the boys at investment advisory group Intelligent Investor are seeking to rattle the cage at RHG, the shell of what was RAMS Home Loans.
The Australian – RHG holders target Coe for axe, front page business section, p 35.
The Financial Review – Move to Oust Coe from RHG board, page 53.
The Age (via Business Day) – RHG Pressed to dump director
Business Spectator – RHG board under shareholder pressure : report
Broker News – RHG shareholders want board reshuffle
The Sheet – Value Investors take on RHG board
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The latest from ABC – http://www.abc.net.au/news/video/2009/09/09/2681496.htm
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Update on legal action with German lender – outcome will have material impact on RHG profitability.
http://www.smh.com.au/business/rams-group-butts-heads-with-bankers-in-court-20091215-kuji.html
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Not that the best publicity to herald Kinghorn’s desire to rebuild RHG’s loan book.
http://www.smh.com.au/business/every-australian-bids-good-luck-on-the-tollway-20091215-kujj.html
RHG Limited’s latest court battle comes after its victory in the NSW Supreme Court in September over a separate matter. In that case, the John Kinghorn-chaired home lender, once known as RAMS, beat off claims from a defaulting mortgagee. One claim was that RHG had misrepresented its loans in the ads that used to star a talking ram called Raymond who ”undertook to keep interest rates lower than the big banks”. In a DVD provided by the defendant, Raymond said: ”RAMS has always been known for its low rates. So we’ve kept our standard variable interest rates lower than any of the big banks.” The argument did not sway the judge.
The court ordered the defendant to give RHG possession of the land over which the mortgage applied.
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