TRA - Turners Automotive Group [previously TNR - Turners Limited]

[Dr_Who]

ROFL.... DPC is the only stock in green on my watchlist.

[The Good Oil]

Whatever NTA might be - who knows.

Dorchy is a finance company that has about $80 million worth of debentures on its book, that it receives a margin on. The management have agreed to a moratorium, whereby the debentures will all be paid back over the next two and a bit years. (if they can). Outside of that dorchy has bugger all businesses or revenue. Until monday this was a 6 cent share heading too zero, and unless the Baker boy can pull a miracle, or he has just gambled
400K.

My calcs tell me that at the rate of the moratorium repayment plan Dorchy will have negative shareholders equity by mid 2010. Dont you love this company, the GM of operations rewards himself with a $350,000 year income to run the company to zero, and the top 4 employees get paid more than 1 million bucks a year.

Maybe, the Baker Boys intend to sack these four and replace them with the tea lady. After all, she couldnt do any worse than they are.

Good luck to "The Bakery" the debenture and and shareholders are praying for you.

P.S I bet there will be no King in sight on this deal.

[kerryo]

Dorchy is a finance company that has about $80 million worth of debentures on its book, that it receives a margin on. The management have agreed to a moratorium, whereby the debentures will all be paid back over the next two and a bit years. (if they can). Outside of that dorchy has bugger all businesses or revenue. Until monday this was a 6 cent share heading too zero, and unless the Baker boy can pull a miracle, or he has just gambled
400K.

My calcs tell me that at the rate of the moratorium repayment plan Dorchy will have negative shareholders equity by mid 2010. Dont you love this company, the GM of operations rewards himself with a $350,000 year income to run the company to zero, and the top 4 employees get paid more than 1 million bucks a year.

Maybe, the Baker Boys intend to sack these four and replace them with the tea lady. After all, she couldnt do any worse than they are.

Good luck to "The Bakery" the debenture and and shareholders are praying for you.

P.S I bet there will be no King in sight on this deal.

Don't forget Dorchester Life .... this quote in the recent Stuff.co.nz story.

http://www.stuff.co.nz/business/indu...d-for-takeover

The new shareholders also expect return on their investment through Dorchester's insurance arm Dorchester Life, which achieved a $1.2 million pre-tax operating profit for the year ended March 2009.

[The Good Oil]

Don't forget Dorchester Life .... this quote in the recent Stuff.co.nz story.

http://www.stuff.co.nz/business/indu...d-for-takeover

The new shareholders also expect return on their investment through Dorchester's insurance arm Dorchester Life, which achieved a $1.2 million pre-tax operating profit for the year ended March 2009.

The dorchester Life arm includes the reverse annuity mortgage book, which is a very mature book, that is in run off. Like all other parts of Dorchies business its racing to zero, very quickly. The same could also be said about the car finance book. None of their businesses are growing, that is the problem. I assume this is what the Baker boys intend to arrest, otherwise the shareholder funds will be negative in no time.

Best of luck, this will test their skills.

[dsurf]

Games being played

This one is being bid up using FA cash by the people who got in sub 10C. Classic sucker play - The "game playing team" will take turns bidding it up often using clients money (clients feel good - up 30% today - what a good advisor I have!) and selling out to each other for a profit as the SP rises. Alongside this the BUY side is loaded with BS orders for 100K+ volumes creating the impression of underlying support. The game players have access to order flow faster than BNZ, Direct, ASB clients so can withdraw the BS buy orders very quickly. On the depth at 09:20am this morning there are 2 bidders after 162K at 13c. and 110K at 11c. The match this morning would be 15c but "someone" is bidding 18c for 25K shares (cost $4,500) so that the stock will open up at 18C. And so on and so on. If you want to join the game remember that the gameplayers already have bought a large holding (large versus the 25K bid at 18C) at much lower prices so gain a lot more than they lose by pushing the SP up.

This can continue for a long time as it is nothing but manipulation of a low priced , tightly held stock,. The classic text book ramp is PLS at 80c+ and is not illegal as no-one can prove wrongdoing aka pls.

Then I suspect, in around 6 months or when the capital raising climate has returned to normal the business will come out with a new plan that will allow existing shareholders to purchase at 60c. This will seem cheap versus 80c and entice the suckers to buy from the Baker boys & the game playing team (who all know each other through previous capital raising schemes).

This will allow all money invested to be returned to the Baker boys & the game playing team who will also retain a large shareholding stake.

The business will have achieved ZIP and millions of market capitalisation is instantly created.

Have fun & get out when the chart shows demand drying up. Also check out the PLS chart!

[kerryo]

"dsurf" and "The Good Oil" thankyou for the insight, I was suspicious of why someone kept pushing the price up with small buy quantities.

She's a hard road this, learning the sharemarket game. :o

[Toulouse - Luzern]

FYI ...

From the news tab on the DB website for DPC, quotes, charts, news etc ...

Cheers


"Top performing KiwiSaver fund managers, Huljich Wealth Management, have
formed a strategic sales alliance with financial services company,
DorchesterLife.

DorchesterLife has been an established player in the insurance and savings
market for over 30 years, with an experienced team of nationwide sales
agents, and the Huljich KiwiSaver scheme sits naturally with their stable of
existing products.

'We recognised the growing acceptance of the KiwiSaver concept amongst our
target market, and wanted to align ourselves with the best scheme provider
out there' said DorchesterLife Chief Executive, Henry Lynch. "

'With directors like Peter Huljich, Don Brash and John Banks and a track
record of consistent performance in a volatile market, we're extremely
excited to be involved with Huljich Wealth Management - we feel comfortable
knowing our clients' money will be in such professional, experienced hands.'

[dsurf]

Game players & Baker Boys (FTB was very good with there announcements) need to have regular announcements to protect the company insiders (read management & executive who are all shareholders) from "please explain share price increase" notices coming from the stock exchange.

How does choosing Hulich benefit DPC kiwisaver investors? Will Hulich not accept money from other sources? What is the benefit to the DPC bottom line? Do DPC management have nothing better to annouce? More BS.

Is a finance company choosing to have a Kiwisaver providor really news. Check out the PLS news & see how announcements are integral to ramping.

Also ask yourself if the Gameplayers know the Baker Boys who know the DPC management club who know the Baker Boys who know the game players who know Hulich who know BKBurger who know the gameplayers

[Dr_Who]

Anything is got to be better then St Lawrence and Bridgecorp.

St Lawrence's biatch (Andrew Walker) sucked all the cash out of the company and walked away. :mad: Andrew Walker (remember this name) did a deal with St Lawrence where most of the cash was sucked out of DPC leaving the company with an empty barrel. Surprise, surprise when DPC was dried and dying, Andrew W was offered a position with St Lawrence.

This is a very good example why NZers prefer to invest majority in properties and not equities.

disc: a shareholder :mad:

DPC
28/03/2007
ASSET

REL: 1524 HRS Dorchester Pacific Limited

ASSET: DPC: Dorchester acquires 25% stake in St Laurence

Media Release
28 March 2007

DORCHESTER ACQUIRES 25 PERCENT STAKE IN ST LAURENCE LIMITED

Listed financial solutions provider, Dorchester Pacific Limited
("Dorchester"), has expanded its reach into the property finance and the fund
and asset management markets with the acquisition of a 25 percent stake of St
Laurence Limited, for an investment of $29.6 million.

Dorchester Pacific warns of property bad debts, CEO to go

Friday, May 2nd, 2008

Shares in Dorchester Pacific slumped a further 12.5% on Friday morning to a record low of 35 cents after it warned in a statement late on Thursday it would not achieve a NZ$3-4 million profit target because of a likely NZ$5 million increase in expected bad debt provisions for property and a write-down on its 25% stake in fellow finance company St Laurence.

Dorchester Pacific also said its chief executive Andrew Walker had resigned to take up a role at Auguste Holdings, which is the Kevin Podmore-owned major shareholder in St Laurence. Dorchester’s shares have fallen 30% since the warning.

[The Good Oil]

Game players & Baker Boys (FTB was very good with there announcements) need to have regular announcements to protect the company insiders (read management & executive who are all shareholders) from "please explain share price increase" notices coming from the stock exchange.

How does choosing Hulich benefit DPC kiwisaver investors? Will Hulich not accept money from other sources? What is the benefit to the DPC bottom line? Do DPC management have nothing better to annouce? More BS.

Is a finance company choosing to have a Kiwisaver providor really news. Check out the PLS news & see how announcements are integral to ramping.

Also ask yourself if the Gameplayers know the Baker Boys who know the DPC management club who know the Baker Boys who know the game players who know Hulich who know BKBurger who know the gameplayers

Dsurf, you speak as if you know the "game Players" please name them, you talk about "The Game Players" and THE BAKER BOYS as if you know their plans. Please enlighten us, or give up on the BS speak!