Originally Posted by
percy
Chairman of HNZ, Bruce Irvine brought some of those PGC shares at $5,so he has real skin in the game.Marac went bust, as did a lot of finance companies, through lending 30% of their book on property sector.That was twice their capital.Marac did not understand the property sector.Marac was, and is a hugely successful lender on vechicles and equipment.You will note from their presentations how wide spread their loan book is, and how well spread are their borrowings.Most people have got over their shock and are enjoying the opportunities that are avaliable.I hope you get a divie,I am more interested in the "steady as they go/grow " progress they are making.