Recent content by lawry1dog

Could WC please inform me of why they have over 30 staff working on our fund(our money), who are receiving probably good salaries, when us unit holders get nothing. Why could not 30 unit holders manage & sell our properties instead. Seems our money is being used by WC for their own use...

Hoping that some of our had earned money comes back soon. As you know our life savings are in Wellington Capital and we never voted for our units to be on the NSX. The NSX as we know is nothing like the ASX, where hardly anything happens and no one know it even exists. So I make the...

Hoping that some of our had earned money comes back soon. We put all of our life savings into MFS in January 2007 (over $500,000), after researching MFS and seeing they had a Morning Star five star rating and a good interest rate. We had planned to take our money back by redemption in...

You are right Duped, my calculation was wrong. Depends what amount you take the 20% off. Say it comes off the current value ($253,321,000), then the calculation will be:- $126,660,500 - $50,664,200 / 830,532,768 = 9 cents Which seems to compare to the NSX value for most of this year...

Sorry about my future calculation of the Unit Price in 2 years time. Seems the figures are not realistic. The current fund's worth is:- $253,321,000 I calculate that the fund will be worth in 2 years time :- $25,332,100 This after from history, properties have been sold at average...

Thanks for the information, AusInCA. I have done the figures again and estimate that it could be finally 24 cents in the dollar. The current fund valuation is now:- 30.9 cents (if there is 830,000,000 units).

Thanks for everyone in their efforts in getting our money back. Much appreciated. I have been a unit holder since 2007 and still waiting for my redemption. I am a system analyst and could someone verify the following figures and timeframes? The fund has 755,032,768 units all up at a...

Would like to thank all who have helped us out trying to get our money back. It is much appreciated and have learnt a lot about managed funds. My current interpretation of state of play, is as follows:- Going by the last WC update, it seems a 2 year wait for any money from them. The...

How come WC said there will no more distributions only a couple of weeks ago, and now giving us another 1c now. What about the class action? Are we just going after KMPG, now? Is WC off the hook? What about the thing that is occurring early next month? Is it going ahead? What about some...

I agree with seamisty, WC must now resign immediately. On an optimistic note, I think the following may happen (I hope) . WC resign or liquidate and give us some of our money back. . The Class Action will then give us the balance back. . Plus I want all the interest I have missed out...

It is unbelievable that WC has the gall to say the quote below:- Hutson described the $3.6 million loss as a "solid outcome" for the fund, which has 10,700 unit holders. It is a LOSS, so please can she RESIGN. How can she be allowed to get away with this? Maybe another complaint to...

Had a look at the Report and nothing has changed, if anything the figures are worse than last quarter. She reckons it is the fault of borrowers obtaining refinance facilities and the inability to realise adequate asset values. I think it is the inability of WC to manage our fund, by their...

Please, can someone tell me the following information:- 1. The IMF will cease sponsoring the Class Action in April or May this year. 2. After that, the solicitors will then want to bill someone else (us). 3. Will it be possible that there will be an Appeal or some other...

I have been accused of doom and gloom, well you seem the most gloom and doom participant on this forum. I assume you are now out of the CA and PIF. And if so, why are you on this forum? I just want some true answers to my questions about funding of the CA, and whether there is a glimmer of...

Seems it is all talk on this forum, with no real outcome from it at all. Can you tell me exactly what benefit this forum has done in getting any monetary cash back. After all it has been over 3 years. You only say we should wait and be patient. I thought this forum was about giving people the...