News Articles for Keith John

ASX-listed Pioneer Credit has announced plans to raise $10 million, in order to increase its purchase debt portfolio investments.

Financial services provider Pioneer Credit will raise $10 million in a bid to further its growth opportunities throughout the remainder of the 2024 financial year.

Pioneer Credit has successfully raised $11.4 million to fund the purchase of what it is labeling a high-quality debt portfolio.

While lower returns on equity have flowed through to WA's top earners this year, the river has hardly run dry for the top end of town.

Shares in Perth-based debt recovery business Pioneer Credit received a boost on the news its customer performing arrangements had surpassed $400 million.

Pioneer Credit has started to engage with potential buyers of the business and is also seeking to refinance its $220 million debt, after last week's collapse of the Carlyle Group takeover.

Pioneer Credit could be in breach of its loan covenants, after it said a change in the accounting treatment of its consumer debt portfolios would likely result in a dent to its underlying earnings.

Shares in Pioneer Credit fell 29 per cent yesterday after the company reported a weak interim result and its accounts were qualified by its auditor.

Goldfields Money has appointed John Kolenda as non-executive director following the resignation of Keith John from the board.

The strong performance of the Business News index of 30 local companies designed to track the state's economy implies good years ahead for WA.

Mineral Resources founder Chris Ellison has raised $36.9 million from the sale of some of his shares in the mining services group, adding to a string of big share sales by WA company directors who have cashed in on strong market rallies.

Financial services provider Pioneer Credit has raised $20 million from investors to fund the purchase of a $14 million debt portfolio, with long-term shareholder Banksia Capital selling its 9.75 per cent stake at the same time.

Financial services provider Pioneer Credit has boasted a record year of growth, with increases in revenue, net profit and customer numbers.

Keith John has been appointed as a non-executive director of Goldfields Money.

Local financial services provider Pioneer Credit has raised nearly $6 million from investors as it seeks to further grow its business.

Perth-based financial services provider Pioneer Credit has acquired an online mortgage broking company for an undisclosed sum.

Financial services provider Pioneer Credit says it's on track for a record FY16, after delivering a 105 per cent rise in half-year profit.

Perth financial services provider Pioneer Credit has today reported its 2014-15 earnings are expected to exceed its $6.6 million forecast, and post an operating profit of $7.7 million.

Pioneer Credit has taken a 14.1 per cent stake in Kalgoorlie-based financial institution Goldfields Money for $2.3 million as the two companies make plans for a joint working relationship.

Financial services provider Pioneer Credit has sold $3.1 million worth of bankruptcy-comprised customer accounts if felt could not generate any further value, but none of the proceeds will be contributing to the company's full-year profit.

East Perth-based financial services group Pioneer Credit has delivered an interim profit after tax of $1.6 million, but said it was still on track to achieve a FY15 profit of $6.6 million in its first full financial year as a public-listed company.

Perth-based financial services group Pioneer Credit has delivered full-year profit of $4.6 million in its first year as a publicly-listed company on the back of strong gains in customer payments.

A range of sophisticated and institutional investors have been named as some of the major shareholders in financial services firm Pioneer Credit following its $40.2 million IPO.

Perth-based financial services group Pioneer Credit has outlined plans for a $40.2 million IPO, the largest by a Perth company in 20 months.

Perth-based financial services group Pioneer Credit is looking to raise more than $40 million with the sale of just over half the company through an IPO which will provide capital for the group to expand its debt purchasing.

PERTH debt collection specialist Keith John has sold his Malaysian business to Credit Corp Group, six months after selling his Australian business to the same purchaser.

Perth debt collection specialist Keith John has sold his Malaysian business to Credit Corp Group, six months after selling his Australian business to the same purchaser.

THE Pioneer name has returned to WA debt collection, less than three years after the business was vended into the float of Receivables Management Group where it bec