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  1. #11
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    Waitakere New Zealand.
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    blackcap have some of these but just in the bottom draw
    Possum The Cat

  2. #12
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    Apr 2003
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    Wellington, New Zealand
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    Quote Originally Posted by POSSUM THE CAT View Post
    blackcap have some of these but just in the bottom draw
    Yes I have a few too Possum. Was just wondering what people think a fair price is for these. They were issued at $1 when the Dorchester Capital Reconstruction/ save the company happened back in 2010. Debenture holders got issued them so the register would be very large methinks with a lot of little holders. I know a few associates who hold lots of under 5000. The hotels (3 left) are debt free which is a good thing but they did state they wanted to sell all properties by 2013 and wind up the trust. However I dont see this happening. My queries is really as to the "real" value of the hotels and what people think they can get for the trust.

  3. #13
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    blackcap would be great if they made Share Offer to take them back into the company.
    Possum The Cat

  4. #14
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    Quote Originally Posted by POSSUM THE CAT View Post
    blackcap would be great if they made Share Offer to take them back into the company.
    It would it would, but I can see hell freezing over before that happens
    Still I think its worth keeping them in the bottom drawer and waiting for the sales to take their course. If they can sell one other hotel (approx 8-10 mill) that will be cash of about 25-32 cents as a payout. Bring it on.

  5. #15
    Senior Member
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    Aug 2010
    Location
    Wellington
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    814

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    Dorchester have provided their financial accounts and a letter to unitholders, see here:

    http://www.unlisted.co.nz/uPublic/un...cement_id=2251 and
    http://www.unlisted.co.nz/uPublic/un...cement_id=2252

  6. #16
    Senior Member
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    Aug 2010
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    Wellington
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    814

  7. #17
    Senior Member
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    Aug 2010
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    Wellington
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  8. #18
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    Aug 2010
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    Wellington
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    Sale of commercial premises at Riccarton Road announced.

  9. #19
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    Apr 2003
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    Wellington, New Zealand
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    Quote Originally Posted by Armillary Private Capital View Post
    Sale of commercial premises at Riccarton Road announced.
    Thanks for updating us Armillary...

  10. #20
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
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    814

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    DPT has been released from a trading halt following its capital distribution.

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