Briefs: Goldfields shares in demand and sub-prime arrears lift a little

Troy Harry, managing director of Trojan Equity, has turned up as a substantial shareholder in Goldfields Money Limited, the recently listed and demutualised Goldfields Credit Union. Through his firm, Rocket Science Pty Ltd, Harry notified the ASX that he held a stake of 5.7 per cent in Goldfields. Shares in the firm had traded up from the listing price of A$1.00 to a high of $1.30 at the end of last week. The shares closed at $1.20 yesterday.

Home loan arrears increased on low documentation and non-conforming loans over the March 2012 quarter, according to Moody's Investors Service. Arrears of 30 days or more on low-doc loans increased to 5.03 per cent, from 4.58 per cent at the end of December. Arrears on non-conforming loans increased to 12.06 per cent, from 10.63 per cent. Arrears on prime loans increased one basis point to 1.58 per cent.