PAC 0.00% $6.23 pacific current group limited

placement 500,000 shares $4.20 raising $2,100,000

  1. 4,330 Posts.
    RE: TRG continues to rise..$6 close donnie8 15/6/02 10:37:48 AM
    TRG continues to rise..$6 close whitebuffet 15/6/02 3:00:29 AM
    bookmarking>>>banned before. chessplayer 13/6/02 8:20:55 PM
    placement 500,000 shares $4.20 raising $2,100,000 ilrobbinrosso 25/5/02 5:46:13 PM
    Thanks for the tip Nickoo--looks impressive ilrobbinrosso 25/5/02 5:41:48 PM

    Thanks for the tip Nickoo----it looks impressive---LOLCheers,--BK.
    --------------------------------------------------------------------
    TREASURY GROUP LIMITED 2002-03-13 ASX-SIGNAL-G
    --------------------------------------------------------------------
    HOMEX - Melbourne
    --------------------------------------------------------------------
    +++++++++++++++++++++++++
    CHAIRMAN'S ADDRESS
    --------------------------------------------------------------------
    The first half of the financial year June 2002 was of great
    significance to the future of the company. Treasury Group Limited
    successfully achieved two major milestones that have significantly
    changed the profile of the company, and provided a platform for
    future growth.
    --------------------------------------------------------------------
    The appointment of Mr Rodney Green as Managing Director and the
    purchase of 50% of Investors Mutual Limited have enabled Treasury
    Group to become a recognised participant in one of Australia's
    fastest growing industries, the financial services and funds
    management industry.
    --------------------------------------------------------------------
    During the half to 31 December 2001, the group significantly
    increased its revenues, absorbed the significant costs in completing
    the above milestones and generated a profit of $77,817 (after tax and
    outside equity interests), before taking up the amortization of
    goodwill, which resulted in a net loss of $16,683 being reported by
    the group.
    --------------------------------------------------------------------
    The outlook for the second half, more particularly the calendar year,
    is encouraging. Investors Mutual, our major asset, has resourced
    itself up to be in a better position to continue its sound growth. To
    this end, we are pleased to advise shareholders that funds under
    management during the first half grew from $350 million at 30th June
    2001 to $500 million, an increase of 43%. As at the end of February
    2002, funds under management stood at $640 million.
    --------------------------------------------------------------------
    Monthly inflows across IML's financial adviser oriented products are
    well over original budgets struck when the business was purchased.
    With around 50% of Investors Mutual's business being adviser based,
    this forms a very solid platform for significant future growth. The
    institutional business has also shown good growth over this period as
    three new major client accounts were acquired. This has further
    diversified our client base and is an indication of broadening
    investor and asset consultant support.
    --------------------------------------------------------------------
    Rodney Green, Anton Tagliaferro and all the team at Investors Mutual
    have done an excellent job. Investors Mutual's investment performance
    as an Australian equities Manager is strong over all periods since
    inception. This is an important indicator for future inflows and
    client support.
    --------------------------------------------------------------------
    As a further testimony to Investors Mutual success, in January 2002
    the prestigious research house Assirt, awarded a five star rating to
    the following Investors Mutual products:
    --------------------------------------------------------------------
    1. lnvestors Mutual Australian Smaller Companies Fund
    2. Investors Mutual Australian Share Fund
    --------------------------------------------------------------------
    This industry rating is an outstanding achievement for the Investors
    Mutual team and is further evidence of the all round strength of
    Investors Mutual.
    --------------------------------------------------------------------
    Treasury Group would like to formally welcome Mr Robert Kipp. Robert
    has assumed the role of Chief Financial Officer for Treasury Group,
    incorporating all of Treasury Group's investment companies.
    --------------------------------------------------------------------
    The company's investment in Australian Value Funds Management Limited
    is also performing to expectations. This company manages a range of
    discrete investment portfolios on behalf of private and corporate
    clients.
    --------------------------------------------------------------------
    Australian Value Funds Management Limited is putting in place the
    building blocks to further develop this young business, which grew
    its funds under management by 50% to $26 million over the six months
    ended 31 December 2001.
    --------------------------------------------------------------------
    As part of this building process the company recently appointed Ms
    Lana Joyce as General Manager - Client Services & Business
    Development. Lana, who is a practicing Lawyer and holds a Master of
    Tax, was previously Fiduciary Manager at ANZ Trustees, and brings a
    wealth of experience to the Company.
    --------------------------------------------------------------------
    Treasury Group is at an exciting stage of its growth and the dynamic
    nature of the industry is constantly providing further opportunities.
    --------------------------------------------------------------------
    Whilst the market re-rating of our company is pleasing, as we stated
    in the address to our shareholders at our recent Annual General
    Meeting, consistent long term profit generation is the Board's key
    objective. This in turn will be driven by our ability to consistently
    grow profitable funds under management keeping in mind the needs of
    our clients. In order to allow current and potential shareholders to
    be informed and track our progress we are intending to report Group
    funds under management on a quarterly basis, quite separate from any
    other reports or results releases.
    --------------------------------------------------------------------
    We are focussed on managing our product mix, creating diversification
    in our investments, and delivering long term consistent investment
    performance to our clients. We are not interested in growth for
    growth's sake or short term gains in investment performance. We are
    building a viable and profitable long term business.
    --------------------------------------------------------------------
    The Board believes that we have created the platform to begin to
    achieve these objectives.
    --------------------------------------------------------------------
    MORE TO FOLLOW
    --------------------------------------------------------------------
 
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