Ron Brierley renews interest in Allied Farmers, buying 2.87 percent stake

Thu, 06 Mar 2014

March 7 (BusinessDesk) – Ron Brierley has acquired 2.87 percent of Allied Farmers, which is recovering from its disastrous takeover of the Hanover and United Finance loan books, making him the fifth largest investor in the Hawera-based company. Brierley holds about 3 million shares in Allied, according to a Companies Office filing. That’s worth about $133,000 based on Allied’s most recent stock price of 4.4 cents. The shares have climbed 159 percent since late August, when they were around 1.7 cents. Brierley last showed interest in Allied i...

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