Sharechat Logo

Investment Research Group buys assets of Ellerie Cornwall

Friday 26th September 2008

Text too small?
Investment Research Group, the company formerly known as Viking Capital, agreed to buy Tauranga-based investment adviser Ellerie Cornwall.

IRG sees "significant" synergies with Ellerie, said managing director Brent King, in a statement. No price was given.

IRG stock, which trades infrequently, changed hands at 5 cents today and has declined 75% this year. The company posted a full-year loss of NZ$15.2 million loss after a slump in the value of its investments in Dorchester Pacific investment and ICP Biotechnology, which was placed in receivership.

Last month, the company named former Finance Minister Bill Birch as chairman, taking over from King, who stayed on as managing director.

Compare deposit rates and view special rates online or sign up to the Deposit Rates news alerts.
www.depositrates.co.nz

By Jonathan Underhill



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

July 1st Morning Report
June 27th Morning Report
SDL - FY2026 Earnings Guidance
PaySauce Director resigns for US-based role with NZTE
General Capital Releases 2025 Annual Report
June 26th Morning Report
Devon Funds Morning Note - 25 June 2025
June 25th Morning Report
NWF - NZ Windfarms shareholders approve Meridian acquisition
GMT - GMT and GMT Bond Issuer Limited 2025 Annual Report