PCR nun Deakin Financial Services Group - 500 Beiträge pro Seite

[ramjam]

...aber die Altlasten von PCR drücken noch. Viel Ausblick in die Zukunft, aber wenig Info darüber, was aus den Restaktivitäten von PCR wird. Immerhin - die Expansion des neuen Geschäfts scheint ganz nett zu klappen.

cu ramjam


PACIFIC RIM INVESTMENT CORPORATION LIMIT 2000-11-30 ASX-SIGNAL-G

HOMEX - Melbourne

+++++++++++++++++++++++++
CHAIRMAN`S ADDRESS

As I advised shareholders in my report included in the Annual Report
the Company has had a very challenging year.

The most significant aspect has been the shift in strategy from being
a Securities Trader and building an investment portfolio to be coming
an Intergrated Financial Services Provider.

The group net profit after tax of some $192,000 was an improvement on
1999 but disappointing nevertheless.

Satisfactory progress has been made with the integration of our
recent financial services company acquisitions. However, there is
always some time needed to bed down mergers and acquisitions of this
type and Pacific Rim has also been affected, to some extent.

We are however pleased with the progress made during the relatively
brief time they have been with our group. This is being reflected in
the growth of our revenues and in the funds we have under advice.
These, by the way, now total some $1.2 billion.

I can assure you that the directors are committed to the strategy of
expanding and developing our advisor network and in providing it with
a wide range of top quality products and services.

We believe that within Australia there are still excellent
opportunities to grow an organisation like Pacific Rim through a
quality team of advisors meeting the peoples` wealth creation needs.

Our views on the increasing value of our distribution capabilities
appear in some detail in Mr Crole`s Report in the Annual Report.

Unfortunately the Company`s former investment operation is
disappointing and rationalising it is proving difficult. Many of the
investments in the portfolio were treated harshly in the market
downturns in April. As you are aware, good news has been rare for the
smaller capitalised and the dot.com related companies.

Accordingly the results in the first half of the current financial
year will be affected by further writedowns of the old Pacific Rim
portfolio.

Unfortunately, changing the Company`s focus, moving the head office
from Perth to Melbourne, absorbing new businesses and numerous
changes to the Board have also led to a certain amount of disruption
for the Company`s management. However I believe this is now behind
us.

I mentioned in my report that we were undertaking an evaluation of
all our strategies, products and processes. This is underway and the
quality of this process will be enhanced by the addition of Messrs
Hannan and Hills to the Board and the appointment shortly of a new
Chief Financial Officer.


MORE TO FOLLOW
PACIFIC RIM INVESTMENT CORPORATION LIMIT 2000-11-30 ASX-SIGNAL-G

HOMEX - Melbourne

+++++++++++++++++++++++++
DIRECTOR APPOINTMENT/RESIGNATION

The Company is pleased to advise the appointment of two Directors to
the Board. They are Mr Graeme Hannan and Mr Murray Hills.

Mr Hannan joins the Company as a Non-Executive Director. In 1973,
Mr Hannan founded the Hannan Group, which developed into Australia`s
largest privately owned insurance broking and superannuation
consulting business.

Mr Hills has been appointed as an Executive Director of the Company.
He has a lifetime career in the financial services industry,
including senior management and marketing positions related to
business and adviser management.

The Company also advises that Dr Fred Grosse has today resigned as a
Non-Executive Director of the Company. Due to the nature of his
travel schedule and the timing differences between Australia and the
USA, he has found it difficult to be fully involved in all meetings
and successfully fulfill his duties as a board member. In view of
this, Dr Grosse did not offer himself for re-election at today`s
Annual General Meeting.

The Board wishes to thank Dr Grosse for his past contributions
during the term of his appointment.


M Simari
COMPANY SECRETARY


MORE TO FOLLOW
PACIFIC RIM INVESTMENT CORPORATION LIMIT 2000-11-30 ASX-SIGNAL-G

HOMEX - Melbourne

+++++++++++++++++++++++++
RESULTS OF AGM

This letter confirms that the Annual General Meeting of shareholders
of Pacific Rim Investment Corporation Limited was held in accordance
with the Notice of Meeting.

Each of the items of business before the Meeting was passed on a show
of hands by the requisite majority.

Proxy votes in respect of each item of business was as follows:

FOR AGAINST ABSTAIN OPEN

RESOLUTION 1
Adoption of Annual Report 3,246,176 0 0 20,000

RESOLUTION 2
Election of director
J McConnell 3,241,676 4,500 0 4,500

RESOLUTION 3
Election of director
Resolution lapsed as
F Grosse did not offer
himself for election

RESOLUTION 4
Election of Director
S M Gillon 3,241,676 4,500 0 4,500

RESOLUTION 6
Special Resolution
Change of Company Name 3,243,176 3,000 0 20,000


For further information please contact:
Garry Crole
MANAGING DIRECTOR
03 9890 9033


M Simari COMPANY SECRETARY


MORE TO FOLLOW
PACIFIC RIM INVESTMENT CORPORATION LIMIT 2000-11-30 ASX-SIGNAL-G

HOMEX - Melbourne

+++++++++++++++++++++++++
MEDIA RELEASE

NAME CHANGE AND NEW DIRECTORS FOR FINANCIAL SERVICES GROUP

Shareholders at today`s Pacific Rim Investment Corporation Limited`s
AGM formally approved the change in the Company`s name to Deakin Financial Services Group Limited.

The listed Pacific Rim Investment Corporation Limited`s strategy of
expanding its integrated financial services operations has already
resulted in "solid progress," the Chairman, Mr John McConnell, told
the Company`s annual meeting in Melbourne today.

Also, as part of the Company`s expanding integrated financial
services operations, Mr McConnell today announced the appointment of
two new Directors. They are:

* Mr Graeme Hannan, non-executive Director. In 1973, Mr Hannan
founded the Hannan Group, which developed into Australia`s largest
privately owned insurance broking and superannuation consulting
business.

* Mr Murray Hills, Executive Director. Mr Hills has a lifetime career
in the financial services industry, including senior management and
marketing positions related to business and advisor development.

Mr McConnell told today`s AGM that the expanded Board was committed
to the strategy of expanding and developing the Company`s advisor
network and providing it with a wide range of top quality products
and services.

"We believe that within Australia, there are still excellent
opportunities to grow an organisation like Deakin Financial Services
through a quality team of advisors meeting the wealth creation needs
of the people," he said.

Mr McConnell, who joined the Deakin Board earlier this year after 35
years experience in banking and finance with ANZ Banking Group in
Australia, New Zealand and the UK, said 1999-2000 had been a very
challenging year for the company.

"The most significant aspect has been the shift in strategy to
becoming an integrated financial services provider from the previous
operations of a securities trader and building an investment
portfolio," he said.

Deakin, which moved its head office from Perth to Melbourne during
the past financial year, commenced its financial services industry
expansion in April this year with the acquisition of the Money
Planners financial services group.

It has since acquired other financial services companies, boosting
distribution capabilities and
generating stronger revenues.

"Satisfactory progress has been made with the integration of our
recent financial services company acquisitions in the relatively
brief time they have been with our group," Mr McConnell said.

"While there is always some time needed to bed down mergers and
acquisitions of this type, the progress achieved to date is being
positively reflected in the growth of our revenues and in the funds
we have under advice, which now total approximately $1.2 billion," he
said.
Mr McConnell said results in the first half of the current financial
year would be affected by further writedowns of the Company`s
investment portfolio, which was part of the former operations.

FURTHER INFORMATION: Please contact:

Mr John McConnell
CHAIRMAN
Pacific Rim Investment Corporation Limited
0411 280 395

[SOM.you.]

RE: Deakin FS

Das Betreute Anlegervolumen liegt ja nach Firmenangabe bei
1,2 Millarden AUS. Finde ich fast unfassbar.

Die Company wird so eine Art Tecis oder MLP.

Als Vermögensverwalter / vermittler kann das Geschäftsmodell aufgehen. Wir sollten die Zukunft abwarten.
Das Management ist ja fast komplett ausgetauscht worden.


SOM

[Crocodile_Dundee]

@ramjam: Wie bewertest Du die Announcements? Für mich hört sich das ganze etwas verhalten an. Kann wohl noch eine ganze Weile dauern, bis wir höhere Kurse sehen!?

[ramjam]

Na ja, die haben wohl noch ganz schön an ihren Small Cap Beteiligungen zu knabbern. Die sind im Zuge der Baisse ganz schön in die Binsen gegangen.
Ansonsten sieht das Wachstum wie gesagt ganz gut aus. Vor einem halben Jahr waren es noch knapp tausend Berater, die sich um ca. 1 Mrd AUD gekümmert haben. Jetzt sind es 1.2 Mrd AUD.
Direkt vergleichbare Zahlenzahlen von MLP sind rar: 1800 Berater 355.000 Kunden. Das verwaltete Vermögen der MLP Vermögensverwaltungs AG beträgt 1.45 Mrd Euro. Da stecken aber noch nicht die Finanzdienstleistungen und Versicherungen mit drin.
Ärgerlich ist weiterhin die miese PR und IR von PCR (Deakin). Die Firma hat nun offiziell einen neuen Namen und die Webseite ist noch immer (wie seit drei Monaten) eine Baustelle. Da fällt mir langsam nix mehr ein.

gruß, ramjam