Not too difficult for DPC to work that one out though with Paul Byrnes being on the TUA board :)
http://www.stuff.co.nz/the-press/bus...s-from-rebuild
Good that they are expanding into other areas, Do they do fleet leasing?
A cent here and there is becoming a cheap sweetie
Not meaning to pick nits but they did get to 37 cents 2 years ago...
Two years ago (31-03-2013) there were 358.740m DPC shares on issue. Today there are 631.496m DPC shares on issue. Dorchester has changed so much in that time, with acquisitions and divestments, it is almost a completely different business (edit: to reflect this they are going to change their name).
To suggest that a 37c support level, based on some share price two years ago will have any effect on Dorchester today is ludicrous IMO. Dorchester may indeed get to 37c. But if it does it will have nothing to do with anything that happened two years ago when Dorchester was quite a different thing.
SNOOPY
http://www.nzherald.co.nz/business/n...ectid=11396066
Demand for vehicles has surged, underpinned by a buoyant local economy, record migration and a higher local currency, which reduces the cost of imports. The used car market is also benefiting as lower prices flow through and the country's ageing fleet comes up for replacement.
I hope to see a more stable future for DPC/Turners. There has been a lot of change over the last two years. Time to bed things down and think about a succession plan with the ultimate departure of Paul Byrnes. If DPC can keep doing what they are doing well then I see a bright future.
I hope you meant to say that you are an interested party and so have skin in the game going forwards.Quote:
Disc. Hold so I'm biased
If you are really biased, that means you will have altered your opinion of what is the right way to go forwards, solely because you are now an owner of the shares. Being a shareholder does not require you to be a cheerleader for the company at the same time.
SNOOPY
is there another acquistion on the card
Does anyone know the approximate share price of DPC in order to be part of NZX50?