The man behind the $27m purchase of a Queenstown property development from Allied Farmers is declining to say how the deal is being financed amid speculation Allied may be helping him.

Hallenstein Glasson's positive profit guidance has been music to the ears of investors.

If Allied Nationwide Finance is unable to resolve its Trust Deed stand-off and Guardian Trust pulls the plug, the taxpayer could face a bill exceeding that for all the six Crown-guaranteed finance companies to have failed so far.

Alllied Nationwide Finance had a debenture reinvestment rate of 29.3pc in May.

Allied Farmers has unveiled a $19.3 million capital raising plan.

Ron Brierly is rumoured to be making a trip to NZ

NZ is a small place. Hotchin may think we have short memories ...

Allied Farmers says it's been awarded $6m from a long running legal dispute around a Beverly Hills property development.

Allied Farmers says it has has conditional agreement to sell the second stage of the Five Mile property development in Queenstown.

Allied Farmers is due to pay Eric Watson and Mark Hotchin a further $5 million by the end of this month.