Ross Asset Management Investors Group

Thursday, 15 November 2012, 4:42 pm
Press Release: RAM investors Group

Ross Asset Management Investors Group

MEDIA RELEASE

The Ross Asset Management (RAM) Investors Group has the following objectives:

To be a unified voice for investors in RAM in dealing with statutory and other bodies and to keep them updated on relevant events associated with the receivership of RAM and related entities, with the aim of helping to maximise value for investors.

Our recorded membership is approximately 300 at this time. Many of our members represent other investors in a family, trust or professional capacity. We estimate our circulation now reaches 80% of the RAM investor base.

The report of the receivers Price Waterhouse Coopers (PWC) was released today and the investors group states:

• Many investors will not have received nor had time to read the PWC report.
• Some have significant investments in RAM
• Those that have been able to read the report will be disappointed or concerned at its contents. The problem is serious but at present we can’t be sure how serious
• Mindful that this is the first report of the receivers and we are hopeful that further investigations uncover more assets.
• It is the aim of the Investors Group to minimise any loss to investors
• We have confidence in the receivers and in the Financial Markets Authority (FMA).

Ends

Business Headlines | Sci-Tech Headlines

BUSINESS, SCIENCE & TECH > >

Scoop Business: Bathurst Gets Nod For DoC Access To Denniston Mine

Conservation Minister Nick Smith has approved access over conservation estate land for Bathurst Resources to develop an open cast coal mine on the Denniston Plateau, above Westport, to the dismay of environmental opponents. More>>

ALSO:

NZ Govt - Denniston coal mine gains access approval - Denniston mine decision good news for jobs & growth - Consultation begins on mining safety regulations
Labour - Denniston deal a lost opportunity
Greens - Dark Day For Conservation In NZ
Forest And Bird - Minister’s OK to mine Denniston Plateau disaster for nature
Coal Action Network - Government Backs Another Loser: Jeanette Fitzsimons
West Coast Environment Network - Decision to Mine Denniston Avoids Public Process
Generation Zero - Youth: Coal Mining Call Selling New Zealanders Short

Minding Of Meats: MPI Working To Clear Shipments To China

New export certificates are being issued to release containers of meat products held up at the Chinese border, the Ministry for Primary Industries said today. Shipments of meat into China were delayed after MPI issued export certification in a format which had not been approved by Chinese authorities at AQSIQ. More>>

ALSO:

Scoop Business - NZ meat cleared to move from across Chinese wharves
NZ Govt - Resolution of New Zealand meat exports to China - Update On Meat Shipments - Update on meat consignment
Federated Farmers - Exports to China back on track
Labour - Money traders before meat traders - Government - Mixed meat messages raise alarm bells
Hamish Cardwell - PM Post-Cabinet Press Conference - 20 May 2013
World Cancer Research Fund International - Response to social media story on processed meat
Image via Lawrence and Gibson - “Survival Of The Friendliest” Serves Publishers Well

Banking Ombudsman: Bank Customers Need To Remember Basics

Have you heard the story about the kids who used their mum’s credit card details to buy up large online? Or the one about the person who saved all their PINs disguised as phone numbers on their mobile which was then stolen by a thief who saw through the disguise and went on a spending spree?More>>

TPP: A Global Fair Deal On Copyright - OurFairDeal.org

Alastair Thompson: The orginal "A Fair Deal" campaign brought together Internet NZ with a bunch of other groups including the Royal New Zealand Foundation for the Blind, the Creative Freedom Foundation , NZ Rise , Trademe and Kiwiblog's David Farrar. OurFairDeal.org takes the NZ based campaigns a giant leap forward bringing together 84 lobby groups from across the Asia Pacific in 6 countries into a global alliance. More>>

ALSO:

InternetNZ - NZ-born Fair Deal Coalition Gets Global Makeover
Out-Link - Home | Our Fair Deal
Connie Lawn with Charles Sneiderman - US-New Zealand Council Pacific Partnership Forum - Photos
Fonterra Co-operative Group Ltd - TPP Has the Potential to Revitalise Japanese Agriculture
NZ International Business Forum - Business Leaders Across Asia Pacific Call for TPP

Business.Scoop: NZOG's Griffiths Backs Director Liability On Health, Safety

New Zealand Oil & Gas chairman Peter Griffiths has thrown his support behind legislative moves to make directors liable if the companies they govern fail to meet health and safety obligations. More>>

ALSO:

NZ Govt - Health and safety guidelines for directors launched

Scoop Business: NZ’s Services Sector Expands At Fastest Clip In 5 Mths

New Zealand’s services sector, which accounts for about 70 percent of economic activity, expanded at the fastest pace since October last month, led by activity/sales. More>>

ALSO:

BusinessNZ - Golden Weather Continues

Scoop Business: MRP Senior Managers In Line For $1.2M In Bonus Shares

Senior executives of newly listed, state-controlled MightyRiverPower are in line for shares in lieu of cash bonuses worth $1.2 million for the year to June 30, one of the company’s first disclosures to the NZX and ASX as a listed company show. More>>