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  1. 25-06-2008, 11:56 AM #571
    Nitaa
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    Quote Originally Posted by belgarion View Post
    Some of us are hovering ... Belgie the Vulture.
    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.
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  2. 25-06-2008, 12:01 PM #572
    Nitaa
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    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.
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  3. 25-06-2008, 12:02 PM #573
    Hoop
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    Quote Originally Posted by belgarion View Post
    Some of us are hovering ... Belgie the Vulture.
    I was Hoop the vulture with BIO....got food poisoning
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  4. 25-06-2008, 05:29 PM #574
    etrader
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    Smile is Dorchester stuffed ?

    Announcement out very soon in regard to impact of lending, is it a day for them ?
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  5. 25-06-2008, 05:33 PM #575
    shasta
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    Quote Originally Posted by etrader View Post
    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
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  6. 25-06-2008, 05:41 PM #576
    etrader
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    http://www.directbroking.co.nz/direc...spx?id=1977146
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  7. 25-06-2008, 05:46 PM #577
    Dr_Who
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    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.
    Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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  8. 25-06-2008, 05:51 PM #578
    shasta
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    Quote Originally Posted by Dr_Who View Post
    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
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  9. 25-06-2008, 05:53 PM #579
    tim23
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    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 **
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  10. 25-06-2008, 06:18 PM #580
    Ears
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    Tim

    No, property lending is approx 50% of the $212m. (Not shown there)!
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