|Day's range||0.23 - 0.23|
|52-week range||0.18 - 0.36|
|PE ratio (TTM)||57.50|
|Dividend & yield||N/A (N/A)|
|1y target est||0.82|
Pyne Gould Corporation ("PGC") today welcomed the sale by its subsidiary, the Torchlight Fund LP ("Torchlight"), of its investment in Local World, a United Kingdom newspaper group, for approximately GBP20 million (NZ$45 million). Torchlight’s stake is being purchased by Trinity Mirror, which is buying out the 80 percent it does not already own in Local World in a deal which values the entire business at about GDP220m. Torchlight holds 10.55% of the shares in Local World and will receive around GBP20m (net of transaction costs) of value from the sale proceeds.
Pyne Gould Corporation's facing a hefty bill, after failing to file its annual report in time.
Pyne Gould Corporation has been fined $8000 and ordered to pay costs for a breach of stock exchange listing rules.