Latest news (24,887 items)

ERG shares worth as little as five cents

Ernst & Young Corporate Finance assessed the fair value of ERG shares at between 5.1 cents and 13.2 cents a share in their report to ERG convertible noteholders, published on Thursday night. read more

McLaughlin ramps up LIST

The revitalisation by McLaughlin Financial Services of the MFS Leveraged Investments and Securities Trust is showing promising returns, albeit for a trust with a small asset base but an aggressive strategy. read more

Proton World on market

ERG Group is set to sell Proton World International, little more than a year after the Perth-based ticket collector gained full ownership of the Belgium-based developer of smart card applications and operating systems. read more

Operating loss worsens in December half

ERG recorded a loss in the half year to December 2002 of $124.5 million, compared with a loss in the prior half year of $199.4 million. In both periods, write downs of intangibles accounts for most of the loss. read more

Two more contracts on the horizon

ERG's managing director, Peter Fogarty, is nothing if not optimistic. He told Dow Jones yesterday that he expected ERG would win two sizable contracts before the end of June, helping remove doubts about the company's financial strength read more

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