COUNT Financial Limited has bought another 10.3% stake in Mortgage Choice.
The purchase will increase Count’s shareholding to 15.2%, making it the largest individual shareholder in the company.
Count will issue 7,524,385 ordinary shares as consideration for the 10.3% Mortgage Choice stake, based on a purchase price of $1.0179 per Mortgage Choice share.
In other mortgage lending news, Homeloans Limited has announced a profit before significant items of $4.7 million for the year to June 30.
Statutory NPAT after significant items was down $12.5 million, following write downs of $17.2 million predominantly relating to goodwill and deferred costs in its Securitsation of Mortgages segment.
And Firstfolio has delivered net loss of $1.17 million for the year, down 26.9%.
Australian Property Journal
