I too expect more very positive announcements.....
Biased...You have been right on the money with DPC,so I don't think you are biased at all.!!!
I see the market cap is now over $200m. They must be getting pretty close to a top 50 stock in NZ and if that did happen would that mean instos would be climbing on board? Or is the top 50 a while off because too much of DPC is closely held? Does anyone know which stock is the number 50 at the moment?
needs to trade above 25c for at least 6mths for starters
DPC has a 19.9% shareholder. The following is a list of shares that are (by my guesswork) nearly in or nearly out of the NZX50.
It assumes that DPC 19.9% stake is part of the free float.
DPC would need to make 42c to be in contention (i.e. ahead of Synlait at 264m) and I've been assured on this forum that this 'just ain't going to happen'.
If my assumptions are right, Vista, MPG and Synlait are in, and SKL, NZO and NZX are out.
ff% Curr ff RBD 100% 364 IN VGL 100% 307 STU 100% 293 PEB 100% 290 IN MPG 82% 286 OUT SKL 94% 268 IN SML 50% 264 OUT NZX 100% 256 ERD 100% 234 HBY 73% 222 IQE 75% 222 OUT NZO 80% 215 DPC 100% 208 THL 100% 189 HLG 100% 179 PGW 50% 177
I agree.
As one with knowledge of its poor background .. Also having scoffed a few posts back ... I re-cast my eyes over it.. and purchased an infinitesimal amount..
Enough to place a little cheer on the table on the 25th if i was so inclined.. with the up coming dividend.
Will be building :-)))
Thanks for your work there. I really appreciate that. I called the NZX but they were rather coy about releasing this kind of info as they said they could "sell" it to third parties and it was worth $ to them. But for DPC to get to 42 is not that much of a stretch. THe NZX also said they do their weightings for index in and exclusion on a 6 month weighted average capitalisation to smooth out any dips and rebounds etc.
As to why there is no analysts covering this stock... once they are included in an index, this may change and will provide even more share price appreciation as the market "wakes" up to its potential. Lets see what Byrnes et al can bring this year.