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blackcap have some of these but just in the bottom draw
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Originally Posted by POSSUM THE CAT
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.
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blackcap would be great if they made Share Offer to take them back into the company.
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Originally Posted by POSSUM THE CAT
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.
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Sale of commercial premises at Riccarton Road announced.
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Originally Posted by Armillary Private Capital
Sale of commercial premises at Riccarton Road announced.
Thanks for updating us Armillary...
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DPT has been released from a trading halt following its capital distribution.
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