blackcap have some of these but just in the bottom draw
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blackcap have some of these but just in the bottom draw
Yes I have a few too Possum. Was just wondering what people think a fair price is for these. They were issued at $1 when the Dorchester Capital Reconstruction/ save the company happened back in 2010. Debenture holders got issued them so the register would be very large methinks with a lot of little holders. I know a few associates who hold lots of under 5000. The hotels (3 left) are debt free which is a good thing but they did state they wanted to sell all properties by 2013 and wind up the trust. However I dont see this happening. My queries is really as to the "real" value of the hotels and what people think they can get for the trust.
blackcap would be great if they made Share Offer to take them back into the company.
It would it would, but I can see hell freezing over before that happens :)
Still I think its worth keeping them in the bottom drawer and waiting for the sales to take their course. If they can sell one other hotel (approx 8-10 mill) that will be cash of about 25-32 cents as a payout. Bring it on.
Dorchester have provided their financial accounts and a letter to unitholders, see here:
http://www.unlisted.co.nz/uPublic/un...cement_id=2251 and
http://www.unlisted.co.nz/uPublic/un...cement_id=2252
New Issuer Profile posted:
http://www.unlisted.co.nz/uPublic/un...cement_id=2254
Notice of annual meeting:
http://www.unlisted.co.nz/uPublic/un...cement_id=2297
Sale of commercial premises at Riccarton Road announced.
DPT has been released from a trading halt following its capital distribution.