Originally Posted by
COLIN
Cunning to announce at the last possible moment, just after market closure, on the very last day necessary to meet NZX requirements, and before a long weekend, hoping to minimise scrutiny and reaction, but it all seems rather pathetic.
It does seem rather ironic, though, that they have "had to" announce such a relatively large write-down on their investment in St. Laurence Ltd. on the very same day that St Laurence Property & Finance Ltd., (St. Laurence's major subsidiary) announces a significant increase in net profit. DPC must have paid a handsome premium for their 25% share of St. Laurence.