sharetrader
Page 3 of 319 FirstFirst 12345671353103 ... LastLast
Results 41 to 60 of 6361
  1. #41
    Member
    Join Date
    Sep 2004
    Location
    Rakino Island, , New Zealand.
    Posts
    420

    Default

    $20 million is not enought take out DPC. I think they will have to pay over $3 to make a successful T/O. At $3 will value the company at over $90 million.

    Any ideas?
    This stock shines so bright that it \"Bling Blings\"

  2. #42
    Senior Member
    Join Date
    May 2000
    Location
    New Zealand.
    Posts
    1,321

    Default

    quote:Originally posted by Bling_Bling

    $20 million is not enought take out DPC. I think they will have to pay over $3 to make a successful T/O. At $3 will value the company at over $90 million.

    Any ideas?
    Perhaps BK is aiming for 19.99% at this stage?
    Death will be reality, Life is just an illusion.

  3. #43
    Member
    Join Date
    Jan 2002
    Location
    AUCKLAND, , New Zealand.
    Posts
    291

    Default

    quote:Originally posted by Steve

    quote:Originally posted by Bling_Bling

    $20 million is not enought take out DPC. I think they will have to pay over $3 to make a successful T/O. At $3 will value the company at over $90 million.

    Any ideas?
    Perhaps BK is aiming for 19.99% at this stage?
    Perhaps some of his friends from 42 Below will help-they would have a bit of spare cash.

  4. #44
    Member
    Join Date
    Sep 2002
    Location
    , , .
    Posts
    149

    Default

    Gidday
    St Lawrence & DPC "White Knighting" each other.

    St Lawrence own 15% of DPC
    DPC own 25 % of St Lawrence

    What do you people think? , I'm not impressed.
    Rgds

  5. #45
    Advanced Member
    Join Date
    Feb 2000
    Location
    , , .
    Posts
    1,646

    Default

    quote:Originally posted by Contrarian

    Gidday
    St Lawrence & DPC "White Knighting" each other.

    St Lawrence own 15% of DPC
    DPC own 25 % of St Lawrence

    What do you people think? , I'm not impressed.
    I'm disappointed with this move by St Laurence as I expected better things of them. Dorchester has never impressed me. Wonder what Chris Lee ( chrislee.co.nz ) will have to say, as he is a fan of St. Laurence.

  6. #46
    Member
    Join Date
    Jun 2001
    Location
    auckland, , New Zealand.
    Posts
    51

    Default

    dpc are fxxxed and now they are carrying that status onto their new siblings...... the sins of the father will be vested on the son

  7. #47
    Member
    Join Date
    Sep 2004
    Location
    Rakino Island, , New Zealand.
    Posts
    420

    Default

    quote:Originally posted by Contrarian

    Gidday
    St Lawrence & DPC "White Knighting" each other.

    St Lawrence own 15% of DPC
    DPC own 25 % of St Lawrence

    What do you people think? , I'm not impressed.
    So it makes sense for DPC and St Lawrence to merger and use DPC as backdoor listing? This is good news for DPC. Where does Brett King come into all of this?
    This stock shines so bright that it \"Bling Blings\"

  8. #48
    Member
    Join Date
    Aug 2006
    Location
    , , .
    Posts
    127

    Default

    Also

    Bridgecorp owns c19% of DPC.

    STL has security interest over Bridgecorps shares in DPC as well.

    Looks like a 3 way play to shut out Mr King.

    We could be seeing one much larger finance company shortly.


    Cheers

  9. #49
    Member
    Join Date
    Sep 2004
    Location
    Rakino Island, , New Zealand.
    Posts
    420

    Default

    Once you reach 20%+ doesnt it trigger a takeover offer to all shareholders?
    This stock shines so bright that it \"Bling Blings\"

  10. #50
    Guru
    Join Date
    Apr 2003
    Location
    Wellington, New Zealand
    Posts
    4,134

    Default

    quote:Originally posted by Bling_Bling

    Once you reach 20%+ doesnt it trigger a takeover offer to all shareholders?
    ok any guesses on what happend this morning?

  11. #51
    Member
    Join Date
    Sep 2004
    Location
    Rakino Island, , New Zealand.
    Posts
    420

    Default

    I assume Bridgecorp couldnt pay the loan when the time was up, so Laurance got the shares CHEAP. Huge lost for Bridgecorp. The question is what now for the remaining share Bridgecorp is holding? Effectively Laurance have trumped any potential T/O for DPC. This is looking interesting. Will have to wait and see Green and King's next move.
    This stock shines so bright that it \"Bling Blings\"

  12. #52
    Member
    Join Date
    Apr 2002
    Location
    , , New Zealand.
    Posts
    31

    Default

    Well its reassuring, for me at least, to see part of my analysis posted earlier coming true.

    Ducks are starting to come into line and more action will presumably follow in the weeks ahead. Green and Kings role/interest going forward is the big unknown but I suspect they are still only in for the short haul and their exit is close leaving St Laurence and DPC to progress their stated merger ambitions - a great outcome. Given St Laurence is at 19% any exit of Green and/or King by sale to St Laurence would mean minor shareholders like myself stand to share in the deal as it would trigger the takeover rules which state that the price offered to King/Green must be offered to all. Both King and Greens average purchase price is somewhat higher than current market price and they won't be letting their shares go for a song and this is the basis for holding my 20,000 shares.

    Bridgecorp should also be posting a SSH notice very soon.
    Prophet

  13. #53
    Member
    Join Date
    Apr 2002
    Location
    , , New Zealand.
    Posts
    31

    Default

    Bridgeorp SSH notice finally posted and they are now all out of DPC.
    Prophet

  14. #54
    Legend shasta's Avatar
    Join Date
    Sep 2004
    Location
    Wellington
    Posts
    6,724

    Default

    Bridgecorp out of DPC is a buy signal IMO.

    Ignoring TA (sorry Phaedrus) this is pretty much what we thought might happen.

    Fundamentally for me, DPC is looking a better investment although it still needs to shake out either HG or BK to remove the uncertainty.

    Just like the RBC situation, it will take more unravelling before the shareholders see some of the unlocked value, especially in the undervalued insurance division.

    Disc: Am watching closely now Bridgecorp are out.

  15. #55
    Member
    Join Date
    Aug 2006
    Location
    , , .
    Posts
    127

    Default

    It loooks like the little ducks are lining up.

    STL is cashed up and strong [just raised $22m]
    DPC is cheap [well not way overpriced]
    Petrovic has sold to someone probably not Mr King
    It looks like the objective of keeping Mr King out will be achieved shortly. Although he will make a nice little profit

    Watch for an amalgamation with Bridgecorp and newco before new regs come into play.

    Win win win. St Lawrence gets greater retail exposure, Bridgecrap gets a get out of jail free pass.

  16. #56
    Member
    Join Date
    Jan 2002
    Location
    AUCKLAND, , New Zealand.
    Posts
    291

    Default

    I see that the Herald says that the Bridgecorp stake was sold in an off market transaction including H Green & St Laurence. If this was so I would have thought that it would take their respective stakes to over 20%.
    I decided to buy in a couple of days back-looks a good spec now.

  17. #57
    Member
    Join Date
    Aug 2006
    Location
    , , .
    Posts
    127

    Default

    I'm going to try to buy today, hopefully there won't be an SSH or TAK announcement early on. I was going to get a new car this week, maybe I'll be able to get a better one next week.

    Cheers

  18. #58
    Member
    Join Date
    Sep 2004
    Location
    Rakino Island, , New Zealand.
    Posts
    420

    Default

    Business StoryRSS
    --------------------------------------------------------------------------------

    Bridgecorp sells stake
    Email this storyPrint this story 5:30AM Tuesday April 24, 2007

    Finance company Bridgecorp confirmed yesterday it has sold its 18 per cent stake in rival finance group Dorchester.

    A statement said the stake was sold in an off-market transaction to parties including Hugh Green Investments and St Laurence Mortgage Holdings.


    If this is true then both HG and SL shareholding will breah 20% and should trigger a T/O offer for the rest of DPC shares. Where is the SSH notice??? Come on we are waiting!
    This stock shines so bright that it \"Bling Blings\"

  19. #59
    Senior Member Halebop's Avatar
    Join Date
    Jun 2003
    Location
    New Zealand
    Posts
    1,237

    Default

    quote:Originally posted by Bling_Bling

    Business StoryRSS
    --------------------------------------------------------------------------------

    Bridgecorp sells stake
    Email this storyPrint this story 5:30AM Tuesday April 24, 2007

    Finance company Bridgecorp confirmed yesterday it has sold its 18 per cent stake in rival finance group Dorchester.

    A statement said the stake was sold in an off-market transaction to parties including Hugh Green Investments and St Laurence Mortgage Holdings.


    If this is true then both HG and SL shareholding will breah 20% and should trigger a T/O offer for the rest of DPC shares. Where is the SSH notice??? Come on we are waiting!
    DPC issued new shares to St Lawrence Mortgage Holdings, meaning existing shareholdings were watered down by the 13% share issue. This allows existing shareholders who were previously at the limit to buy more shares without triggering the limit threshold. St Lawrence Mortgage itself could buy an extra 7% or so without triggering a general offer.

  20. #60
    Member
    Join Date
    Jan 2002
    Location
    AUCKLAND, , New Zealand.
    Posts
    291

    Default

    Thanks Halebop-I had missed that point.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •