Yes anything can happen but it would be p[ure speculation. Remember Feltex? The problem is, someon is likely to mop this up but by the time you any of us realise it will be too late.
Ears...If you know something then fine.. I have no comment on Ace. What i do know is others were buying the dpc people buy what was there motive? Again only specualtion which i cannt answer bujt only hAVE AN OPINION.
Announcement out very soon in regard to impact of lending, is it a day for them ?
Dorchester to review impact of St Laurence exit
http://www.nzherald.co.nz/section/3/...ectid=10518317
Debenture Stock $168m against total asset of $212m.
Cash $18m in bank
$8m in sub notes
Only $8 is to property lending
hmmmm........
I need advice on this one from someone who knows how to value this DOG.
I'd be leaving this flea ridden mutt alone Dr Who.
Or at least wait until any such recovery, the whole sector is a mess...
Finance options running out for developers
http://www.nzherald.co.nz/section/3/...ectid=10518183
http://www.nzherald.co.nz/section/3/...ectid=10518182
Debenture Stock $168m against total asset of $212m.
Cash $18m in bank
$8m in sub notes
Only $8 is to property lending
hmmmm........
I need advice on this one from someone who knows how to value this DOG.
** The market values it at $7,519,855 **
Tim
No, property lending is approx 50% of the $212m. (Not shown there)!