23 Dec 2009

Allied Farmers share price up

10:45 pm on 23 December 2009

Shares in Allied Farmers have climbed a little after significant falls in recent days.

They rose 2.4c and were trading at 13.3c at 5.09pm.

More than 2.9 million shares, worth $321,000, changed hands on Wednesday.

Meanwhile notices to the stock exchange have highlighted how Allied Farmers' purchase of Hanover and United Finance's loanbooks has significantly diluted the shares held by its main shareholders.

Allied Capital, of which Allied Farmer's Rob Alloway is a director, has gone from having a 14.4% stake to having a 0.3% holding.

And Auckland-based shareholder John Hynds, has had his shareholding reduced from 12.6%, to less than 0.3%.