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  1. #11
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    quote:Suggest that you read the other DPC thread . . .
    Yes, but this one has a much more appropriate title.

    In his half-year report for Viking Capital on 4 Dec., Brent King noted the poor performance of DPC, in which VIK has a significant stake. "The recently announced mediocre result was the worst return on shareholders' funds for a half year in Dorchester's history," said BK. "The company is clearly underperforming . . ."

    Meanwhile, in its first three months VIK achieved a return on sh'rs funds of 11.4%, due mainly I suppose to the sale of its 42B shares, more than compensating for DPC's poor effort.

    At the last agm the new board and management had a lot to say about a "new era", "new vision" blah blah blah, and introduced the new logo with much fanfare.
    But here's a funny thing. They made much of dumping the Olde English D emblem and replacing it with a new-look d. Somebody commented from the floor that the new d points backwards - fair comment I thought. Now, in a book of sterling silver hallmarks I've found the identical d, used to identify silver objects made in York in 1815!!. [B)]

  2. #12
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    Also quoting from the AGM dated 23/8/06:
    "already we are reaping the benefits with year to date results tracking well ahead of last year"....(Chairman)

    "we are tracking towards a profit for 2007yr ahead of last yr in line with our goal of achieving a 20% return on shareholders funds"
    ...(new CEO)

    These comments were made just before the H/Y results.Why would you want to invest?

    In a LT downtrend with profit falling & management making the above statements.

    A 20% return on shareholders funds equals NPAT for 2007 of $10.8m-don't think so!

  3. #13
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    quote:Originally posted by MoSteph

    Wonder who just bought 400K worth... a keen bean...

    Wonder who just sold the 400K worth.... a depry bean.....

    Sorry MoSteph, not having a go at you, but it really depends on which way you look at it

  4. #14
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    quote:Originally posted by MoSteph

    Wonder who just bought 400K worth... a keen bean...
    It appears that it was VIK who was buying
    Death will be reality, Life is just an illusion.

  5. #15
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    VIK getting close to the 10% blocking mark, which would mean 3 separate blocking stakes in DPC, & surely something's got to give(same situation as RBC).

    BK wanted a seat on the board & moving towards a 20% stake would all but seal it.

    Interesting times ahead...

  6. #16
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    Anyone else see the irony in BK selling out of DPC @ $4 and now he is buying back in through VIK at almost half the price?! CLASSIC!
    Death will be reality, Life is just an illusion.

  7. #17
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    quote:Originally posted by Steve

    Anyone else see the irony in BK selling out of DPC @ $4 and now he is buying back in through VIK at almost half the price?! CLASSIC!
    Smart operator!!!

    But he didnt sell out at $4, more like $3.

    Then again still not bad

  8. #18
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    Something could be happening behind the scenes...

    Stakes get higher for Dorchester Pacific
    New players are waiting on the sidelines to join the deepening fray for control of listed finance company Dorchester Pacific.

    The Sunday Star-Times understands a significant investor described as "credible and semi-institutional" has made inquiries about buying the 18.07% Dorchester stake owned by Rod Petricevic.

    Market soundings were made in mid-December, when Petricevic's company Bridgecorp was arranging to roll over a loan it owed property company St Laurence.
    Death will be reality, Life is just an illusion.

  9. #19
    Legend shasta's Avatar
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    Seems as if it's BK through Viking Capital wanting the Bridgecorp stake.

    Will be watching the SSH notices with interest.

    Disc: Nil held, on watch

  10. #20
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    quote:Originally posted by shasta

    Seems as if it's BK through Viking Capital wanting the Bridgecorp stake.

    Will be watching the SSH notices with interest.

    Disc: Nil held, on watch
    Well if it were to happen and BK did somehow get the Bridgecorp stake, it would do wonders for the shareprice. Albeit, head office would be "restructured" again...... And the saga goes on....

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