michael o'sullivan provident capital

Managing Director’s Letter
Dear Investors
For me, 2007 will be the year
that the fixed interest market
matured for both investors and
fixed interest companies alike. The
message is clear: don’t j
michael osullivan provident capital
michael osullivan provident capital
michael osullivan provident capital
don’t just buy a
rate, buy an investment.
Underlying asset quality
Financial commentators and
astute investors are now
differentiating between the
different business models
of providers of fixed interest
investments and the assets that
support them. I discussed this at
length in the previous newsletter:
the three failed companies were
property developers. A recent
edition of the Money section o

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Michael O'Sullivan Provident Capital

I’m pleased to be able to report
that the team at Provident Capital
is focused on the job at hand with
the 2006-2007 financial year being
the 9th year of consecutive profits.
The Company will continue to
build on the business objectives
set in previous years: sustainable
growth supported by solid
foundations. There are substantial
opportunities in the non-bank fixed
interest investment
markets as investor
confidence
returns. We see
ourselves as one
of the strong
companies, able
to take advantage
of the ‘flight to
quality’.