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Sons of Gwalia creditors receive payment

IMF (Australia) Ltd said the first distribution of money owed to creditors from the failed miner Sons of Gwalia Ltd has started, as administrators accept an increase in the value of claims.

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perth
It\'s interesting that the Lalor brothers appear willing to spend millions of dollars in legal fees to defend their claim in Sons of Gwalia, when I have a judgment debt against Chris Lalor\'s son, who borrowed $35000.00 from me and REFUSES to pay back the loan. He has no assets in his name because he is not responsible enough at the age of 36 to manage his assets. Chris Lalor supports his son financially, but unfortunately I cannot sue him for the money that is owed to me. The entire family is aware of this loan and have all decided that they WILL NOT pay me my money What frustrates me is that they can afford to repay this debt, and they REFUSE to pay the money back just because Joseph Lalor has no listed assets in his name. I am in the process of filing bankruptcy against Joseph Lalor for the judgment amount, and I find it frustrating because he has the money and supports a very lavish lifestyle with memberships to Karrinyup golf course, and an allowance of over $1000 per week to play with.

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IMF Bentham (IMF)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
154thZenith Energy87%0%
193rdIMF Bentham64%16%
262ndHomeloans37%-4%
274thSeafarms Group33%-0%
289thMatrix Composites & Engineering30%-7%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

24/04/18
$30k Bought
24/04/18
$5k Bought
23/10/17
$50k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

51st-IMF Bentham$113.7m
58th↓Homeloans$36.4m
59th↑Seafarms Group$35.8m
61st↓Matrix Composites & Engineering$33.2m
62nd↑Zenith Energy$31.4m
239 listed industrial companies ranked by revenue.
Source: Morningstar

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