Forum Archive Index - July 2000

["Geoff Ewert" <gewert@wai.quik.co.nz>]

Dont you hate it when that happens!Was also surprised you bailed
Regards G
To "Warner" or someone else good at no.crunching[what to make of  Telstra
&Keycorp get together]?
----- Original Message -----
From: "simon dallimore" <smndallimore@hotmail.com>
To: <sharechat@sharechat.co.nz>
Sent: Saturday, July 22, 2000 2:36 AM
Subject: [sharechat] More good news for RMG investors but woe for me!


> Kevin,
> I sold because I was a stupid investor who needed the money today! Here's
> more bad news for me and good news for RMG investors.
> --------------------------
> RMG
> 21/07/2000
> ASSET
>
> REL: 1335 HRS RMG Limited
>
> ASSET: RMG: DEAL TO ACQUIRE CREDIT SOLUTIONS AUSTRALIA
>
> RMG has announced that it has acquired an option to purchase Credit
> Solutions Australia pty for under A$9m. The acquisition will provide
> additional revenues of approximately A$10m and is subject to completion of
> due diligence by RMG and is expected to settle at the end of August. The
> deal will see RMG's expected revenue exceed A$70m for the year ended
> 30/06/2001. The transaction is expected to increase RMG's
> market share to about 25% of the Australian collections market.
> The merging of the various sections into RMG group is expected to be
> completed by the end of December 2000.
>
> RMG CEO Paul Cooney said that Credit Solutions had enjoyed strong growth
> under its current management team, who would be retained to assist in
> further growing RMG's commercial business services division, particularly
> its legal services division.
>
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>
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