ASIC takes issue with NAB’s debt collection letters

Original article by Clancy Yeates
The Australian Financial Review – Page: 17 : 27-Oct-15

Customers of National Australia Bank may have been misled by the bank. The Australian Securities & Investments Commission is concerned that the debt collection letters sent to borrowers contain references to Fairhalsen Collections and Brunswick Collections Services. Borrowers could be under the impression that they had received a warning from independent debt collectors, when in fact these two entities are part of the bank.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, FAIRHALSEN COLLECTIONS, BRUNSWICK COLLECTIONS SERVICES, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Iron ore price war rocks Atlas

Original article by Amanda Saunders, Tess Ingram
The Australian Financial Review – Page: 1 & 8 : 8-Apr-15

Atlas Iron’s shares were placed in a trading halt on 7 April 2015, pending a review of its operations. The company has been hard hit by the downturn in the iron ore price, which has reached a long-term low of just $US46.70 per tonne. Atlas may put production at some of its mines on hold until the iron ore price recovers, while asset sales are also possible. However, there are concerns that its US bondholders could seek to appoint receivers or administrators

CORPORATES
ATLAS IRON LIMITED – ASX AGO, BC IRON LIMITED – ASX BCI, FORTESCUE METALS GROUP LIMITED – ASX FMG, ARRIUM LIMITED – ASX ARI, GRANGE RESOURCES LIMITED – ASX GRR, DELOITTE TOUCHE TOHMATSU LIMITED, ASHURST AUSTRALIA, LAZARD PTY LTD, BGC CONTRACTING PTY LTD, MACA LIMITED – ASX MLD, McALEESE LIMITED – ASX MCS, HOULIHAN LOKEY HOWARD AND ZUKIN, PATERSONS SECURITIES LIMITED

Van Eyk collapse still leaves retail investors ‘$20m out of pocket’

Original article by Andrew Main
The Australian – Page: 22 : 2-Feb-15

Macquarie Investment Management in September 2014 closed the 14 Blueprint funds operated by van Eyk Research, due to an unauthorised illiquid asset allocation by UK hedge fund Artefact. The van Eyk firm subsequently collapsed, and buyers were sought from October on by liquidator Moore Stephens. The remaining business is now set to be acquired by Lonsec for some $A1m, while the New Zealand operations are worth $A2m. However sources say that investors in just 10 of the 14 affected Blueprint vehicles have been paid out in full so far, with a further $A20m-plus still outstanding

CORPORATES
VAN EYK RESEARCH LIMITED, VAN EYK BLUEPRINT ABSOLUTE AUSTRALIAN SHARES FUND, VAN EYK BLUEPRINT ABSOLUTE INTERNATIONAL SHARES FUND, VAN EYK BLUEPRINT AUSTRALIAN SHARES FUND, VAN EYK BLUEPRINT BALANCED FUND, VAN EYK BLUEPRINT CAPITAL STABLE FUND, VAN EYK BLUEPRINT DIVERSIFIED INCOME FUND, VAN EYK BLUEPRINT GLOBAL EMERGING MARKETS FUND, VAN EYK BLUEPRINT GOLD BULLION FUND, VAN EYK BLUEPRINT HIGH GROWTH FUND, VAN EYK BLUEPRINT INTERNATIONAL SHARES FUND, VAN EYK BLUEPRINT LISTED PROPERTY AND INFRASTRUCTURE FUND, VAN EYK BLUEPRINT SELECT EQUITIES FUND, VAN EYK BLUEPRINT SMALLER COMPANIES FUND, VAN EYK BLUEPRINT VOLATILITY BUFFER FUND, LONSEC LIMITED, ARTEFACT PARTNERS LLP, PYNE GOULD CORPORATION, MOORE STEPHENS AUSTRALIA PTY LTD, MACQUARIE INVESTMENT MANAGEMENT LIMITED, ARTEFACT PARTNERS GLOBAL OPPORTUNITIES FUND, AUSTRALASIAN WEALTH INVESTMENTS LIMITED – ASX AWI, COMMODITY STRATEGIES LIMITED

Boss faces insolvent trading probe after transport company collapse

Original article by Nick Toscano
The Age – Page: 8 : 8-Dec-14

BRI Ferrier has been appointed the liquidator of collapsed freight and warehousing company Gregorys Transport. Its outstanding liabilities are estimated at $A10m, and it has failed to pay the superannuation contributions of 85 staff for a year. Owner Greg Westaway, also an ex-president of the St Kilda club in the Australian Football League, may be charged with trading while insolvent. Among the clients of Gregorys were Coca-Cola Amatil, Schweppes and Bluescope Steel

CORPORATES
GREGORYS TRANSPORT PTY LTD, BRI FERRIER PTY LTD, ST KILDA FOOTBALL CLUB, AUSTRALIAN FOOTBALL LEAGUE, COCA-COLA AMATIL LIMITED – ASX CCL, SCHWEPPES AUSTRALIA PTY LTD, ASAHI BREWERIES LIMITED, BLUESCOPE STEEL LIMITED – ASX BSL, FERRIER HODGSON AND COMPANY

Tor slaps Seven for ‘rushing’ Nexus sale

Original article by Matt Chambers
The Australian – Page: 19 : 10-Jul-14

Hong Kong hedge fund Tor Investment Management has raised concerns about the hasty sale of Nexus Energy. It went into voluntary administration in June 2014 after rejecting an offer from Seven Group Holdings. It is thought that the deadline for the sale process is 31 July. Tor is concerned that Seven is using funding deadlines to force the sale of Nexus before other potential buyers can properly conduct due diligence

CORPORATES
NEXUS ENERGY LIMITED – ASX NXS, SEVEN GROUP HOLDINGS LIMITED – ASX SVW, TOR INVESTMENT MANAGEMENT (HONG KONG) LIMITED, McGRATH NICOL AND PARTNERS SERVICES PTY LTD, GRESHAM ADVISORY PARTNERS LIMITED, ROYAL DUTCH SHELL PLC